A loan or an overdraft?
There are several methods to borrow or obtain finance.
If the amount you want to borrow is quite low, or you want to borrow
for a short period of time, a personal loan may not be the best
In fact it may be better to take out an overdraft with your bank, or make use
of a credit card, or even look into taking out a payday loan.
However, for larger purchases, credit consolidation,
a new car etc., a personal loan may well be the best option.
Secured loans will give you, in general, a lower APR than unsecured loans, meaning you repay less over the term of the loan.
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