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    Unsecured loans have a charm of their own. You do not require any collateral and still they help you in countless situations. Unsecured loans can be used for buying a car, debt consolidation, home improvement, holidaying, education, wedding, etc.

    Since unsecured loans do away with the requirement of security, lenders want to make it doubly sure that any borrower who takes out unsecured loan has the capability to repay the loan amount. The basis on which unsecured loans are granted include:

    <
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    Since unsecured loans do away with the requirement of security, lenders want to make it doubly sure that any borrower who takes out unsecured loan has the capability to repay the loan amount. The basis on which unsecured loans are granted include:

    <
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    vement, holidaying, education, wedding, etc.

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    the capability to repay the loan amount. The basis on which unsecured loans are granted include:

    • Credit history of the borrower
    • Income of the borrower
    • Repayment capability of the borrower
    • Goodwill/creditworthiness of the borrower in the financial market

    Unsecured loans are available in the financial market in the form of unsecured personal loans, unsecured debt consolidation loans, unsecured home improvement loans, unsecured wedding loans, etc. Like all othe

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