Why do we need a personal loan? In old days (25 years ago), individuals use to save 5–10% of their income that they could later use to purchase their own home. With availability of home loans, this problem is solved, and individuals save 5% of their income for rainy day, or emergency needs. With emergence of personal loans in 2007, we do not need to save for emergency needs. LoanMeet, a leading peer to peer lending […]
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