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A Personal Loan is generally an unsecured loan that can be used to meetany financial need. Since it is an unsecured loan, it generally does not require collateral as security to avail the loan. This type of loan can be used for varied reasons like home renovation, education, travel, electronic purchase, marriage purpose, in case of medical emergencies, and business purpose or debt consolidation.
An investment property loan is a type of commercial loan that people can take out to buy an investment property. This type of mortgage is designed for those who want to buy the property and rent it for income or fix & flip it for profit.
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