Taking out a personal loan can be a good idea if you need to consolidate debt, pay off expenses due to an unforeseen emergency, or fund a major purchase. When you are ready to start the loan application process, you need to make sure that you are prepared. It’s a big step and requires a lot of homework on your part to determine which loan and lender are best for you.
Source: https://indialends.quora.com/5-questions-to-ask-before-taking-a-personal-loan
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