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Website title: India's Fastest & Most Reliable Personal Loan Platform | LoanTap
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Quick Answer
A personal loan is an unsecured loan from a bank or NBFC that you can use for almost any personal need, such as medical bills, a wedding, or home repairs. There’s no collateral involved, no restriction on how you spend the money, and you repay it in fixed monthly EMIs over a tenure of your choice, usually between 6 and 60 months.
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