Four ways to use personal loans

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Four ways to use personal loans
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Introduction

• No matter how much we earn, theres always want
  of more.
• We cant always use up our savings for everything
  we want and hence the need for personal loans.
• Personal loans can easily solve all your
  financial needs. They are easy to acquire and
  have a short tenure so you can pay up loans
  quickly as well.
• An additional benefit of getting a personal loan
  is that it can help you increase your credit
  score as well.

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• One thing about personal loans that keeps people
  from getting them is the high interest rates.
• Personal loan interest rates are high because
  these are unsecured loans, that is, a borrower
  does not need to keep anything as collateral or
  guarantee to get these loans.
• This is both a good things and a bad one because
  this results in high interest rates.

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• There are many types of personal loans in the
  market today.
• You can use your loan any way you like as there
  is no stipulation as to how you use the loan
  amount.
• Here are a few things and situations in which
  personal loans can come in handy.

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Travel Plans

• Taking holiday loans or vacation loans is not out
  of the ordinary today.
• Nobody wants to go to Manali or Nainital for
  holidays anymore.
• We want to explore the mountains of Switzerland,
  take a road trip through Spain or lounge in Greek
  villas in Santorini.
• These holidays do not come cheap. A personal loan
  for travel can help you take your dream vacation
  without emptying bank accounts.

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Education

• Education loans can help you pay for your tuition
  and sometimes for your on campus accommodation.
• But those arent the only expenses that you have
  to deal with when you go abroad, you need to
  spend money of accommodation, daily necessities
  like food, medication, commute and so on.
• All this can add up to quite an expense and this
  is where a personal loan can come in handy.

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Medical Needs

• Health insurance does not cover voluntary
  procedures like dental surgery, cosmetic surgery
  or voluntary preventive surgeries like
  hysterectomy, mastectomy.
• These procedures can be very expensive and a
  medical loan in the form of personal loan can
  help you pay for them.

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Weddings

• Weddings in India are expensive.
• We want our weddings to be the best, most
  extravagant day of our lives.
• From the most exclusive outfits, to exotic
  locations, grand décor and a unique variety of
  food.
• People end up spending their lives savings to
  fund weddings.
• Wedding loans in the form of personal loans is
  the best way to splurge on your wedding without
  worrying about depleting savings.

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Thank you