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Is it advisable to take a personal loan?

It entirely depends upon your choice. The advantages and disadvantages of a personal loan can help you in decision-making.

Advantages of Personal Loan:

  • Use for any purpose you want.
  • Quick processing 
  • Low-interest rate & Processing Fees 
  • No security/guarantor required

For more advantages of taking a personal loan, read this link

Disadvantages of Personal Loan:

  • Your credit score is affected if repayment is skipped
  • Interest rates are higher than other credit facilities.

For more on this topic, read this article