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A personal loan is loan you borrow from a lender to use for your private economy (therefore also called a private loan). The lender can either be an institution like a bank or an investment broker; or it can be a private lending company. You can either apply for the loan on the internet or in your hometown.

A personal loan (consumer loan, private loan) could be an option, if you are short on money. But before you are raising a loan, you better learn about concepts like security, fees and interest rates.