Not to be confused with private loan, which is provided by banks, incidentally, with the similar-sounding loan from private, but this is a private loan, which is awarded on credit marketplaces. In contrast, traditional personal loans are characterized by the fact that the bank acts as a lender and thus gives its private customers the opportunity to finance certain expenses. Truest choices for the 100 loan options are there.
What can a personal loan are used for?
One of the main features of personal loans in the form of installment loans is that almost every bank releases their customers’ intended use. Thus, in principle, private loans can be used for all private expenses, so there are little or no restrictions in this respect. In practice, in particular, the following uses, that are quite typical for the use of a personal loan:
- Buying a car
- Holiday trip
- Purchase new furniture