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Personal Loan Statistics (2025)

Summary by WalletHub
Personal loans serve various financial needs, including consolidating debt and funding significant purchases. These loans are generally unsecured, meaning they do not require collateral, and they typically have fixed interest rates as well as repayment periods can span from a few months to several years. Due to their structured repayment schedules and the fact that you can use the money for nearly anything, personal loans are a useful tool for t…
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WalletHub broke the news in on Tuesday, May 27, 2025.
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