What are personal loans?
A personal loan, sometimes also called long-term financing plans, installment loans, etc. allow you to borrow a fixed amount of money which you have to pay back within a pre-decided time period. These regular payments are called installments. Borrowers can use this money to make large purchases, home renovations, paying off medical bills, debt consolidation and refinancing credit card debt, etc. Most lenders offer personal loans ranging from 500 to 50,000 with a repayment term between 6 and 60 months.
What is a credit score-explained?
A credit score is a number ranging between 300 and 850 that can significantly affect your financial life. As credit, your