If you want to borrow some money, chances are you’ll be looking for a personal loan instead of some other type. The term personal loan is used to describe general types of debt – such as a loan taken out by a consumer rather than a general-purpose business (but not for a mortgage that is explicitly settled by a mortgage loan).
Most personal loans can be used for any purpose and chances are that your lender will not be very interested in what you want money for. Their primary concern is to check if you are able to repay your loan! For example, the situation may be different with specialist loans...
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