Personal Loan

Loan Apps: Applying for Personal Loans Simplified in 2020

Applying for Personal Loans

A few years ago, applying for a personal loan was a cumbersome process. One had to visit the lender’s office, fill out an application form, submit physical copies of KYC documents, bank statement, sign the forms and wait for weeks to get loan approval. However, in today’s times of digital advancement, getting a personal loan has now simple; you don’t ...

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Why Take Out a Personal Loan?

Personal Loan

If you instantly think that taking out a personal loan is a bad idea, ask yourself what you would be using it for. Personal loans in Canada don’t have to be a bad thing; there are many good, legitimate reasons to take out a personal loan. Of course you would want to choose a credit limit, interest rate and payment ...

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Lending 101: Can a Personal Loan Be Used for Business Purposes as Well?

Personal Loan

The quick answer to this is YES, it can!  For someone hoping to start a small business today, lots of hurdles could possibly limit the actualization of the dream. Chief among the likeliest detriments, apparently, is the lack of adequate funding to kick-start the business. See, almost all the mainstream financial institutions never bother to finance a startup. They will ...

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