A personal loan is an agreement between a lender and a borrower (bank, bulding society etc) for a sum of money to be lent according to certain terms and conditions.
Do you know you can check your credit rating for a nominal fee using a credit reference agency like Experian, Checkmyfile or Equifax.
Considering treating yourself to a new plasma TV, or some new furniture? A personal loan can be used for any number of purposes.
