Personal loans are approved following a thorough perusal of an applicant’s personal loan applications. Personal loans are normally taken out for personal expenses such as a holiday or a certain purchase – therefore personal loan applications are done when consumers cannot loan for a specific purpose such as vehicle finance.
Personal loans are paid back with a fixed or variable interest rate that is determined once you complete your personal loan applications. The repayment terms on personal loans can range from anywhere between 12 months and five years depending on the amount stated on the personal loan applications.
Why not apply to today and find out how personal loans work.
Article written by: Andrea van Tonder 03-2014