Is Personal Loan a short-term solution?

Accepted Answer ✓ Accepted

Yes, a Personal Loan is designed as a short- to medium-term solution for immediate or planned expenses. It is not meant for long-term financial dependency. Using it as a recurring source of funds increases financial risk over time.
1 upvotes

Suggested Answers

Think of it as a temporary solution, not something to depend on long term.
0 upvotes by Pooja Krishnan

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