As if finding the right loan — especially a personal loan — isn’t hard enough, learning what the personal loan vocabulary terms, acronyms, and phrases actually mean can make the process even more difficult. Thankfully, there are resources available to help you understand what a personal loan is, as well as the different types of personal loans in the market today (such as an unsecured personal loan, a peer-to-peer loan, a secured personal loan, or a short term loan).
To help you learn about the various loan terminology used when talking about personal loans, here’s an infographic from Visual.ly that goes through personal loan alphabet from “A” to “Z”.
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