A personal loan is a kind of unsecured loan which can be used for any purpose th

Question

A personal loan is a kind of unsecured loan which can be used for any purpose that the borrower deems necessary. The loan backed only by promise to repay, and for this reason the personal loan also called

Options:

A . Transfer loan

B . Signature loans

C . Priority sector loan

D . Secured loans

Answer: Option B

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