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Explained: Advance salary loan vs personal loan; understanding key differences
Advance salary loan is a short-term loan for salaried employees with quick approval, minimal documentation and flexible repayment period.
Advance salary loan
Personal loan
Salary advance loan
Short term loan
Salaried employees
Quick approval
Unsecured loan
Credit history
Flexible repayment
Eligibility criteria
Job status
Financial requirement
Loan application
Credit score
Stable income
Minimum salary
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