Personal loans are can also be called private loans as they are
connected to you personally or commodities you own. There are many
different types of personal loans.
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Credit card loan
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House loan
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Car loan
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Fast loans
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Boat loan
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Cottage loans
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Credit by invoice
When you are granted a loan, you have to have in mind that you have
to pay back the money you have lent with interest rate. If
we make some general assumptions, we can sort the above loans according
to the cost in form of interest rate, beginning with the ones with the
lowest interest rate, which would be the cheapest:
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