GLOSSARY
Personal Loan Broker
Personal Loan Broker
A personal loan lender is a place where you can borrow money. You apply for a personal loan with a lender, either directly or via a broker, and get a yes or no answer.
Some lenders now offer “Get Your Rate” features where you can find out what your interest rate will be if they accept your application. This can make it easier to find a loan as you avoid applying thinking you’ll get one interest rate, only for the lender to offer you another.
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