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5 personal loans myths you thought were true

Are you a first-time borrower planning to take a personal loan? Do you think personal loans are a bad idea?

Do the misconceptions around personal loans confuse you? In this podcast, we will be debunking five personal loan myths and then you can decide whether you should be applying for one or not. Here’s what we cover:

1) Personal loans are a better option than credit cards.

2) Personal loans are for everyone.

3) Online application process for personal loans is easy.

4) Personal loans are unsecured.

5) Personal loans can help in dealing with emergencies.

There is an additional StreamLine takeaway waiting for you. There is also a promo code for a free subscription to Line. New users can apply the promo code to get a one-month free subscription to Line. So, what are you waiting for? Hit the play button now and get your promo code!

Manali Misra

Manali is a producer and writer with a diverse background in print, web, and broadcast media. She gives form to ideas through visuals and words. Manali has nearly six years of experience in creating personal finance TV shows. In her free time, you will find her curled up with a book or exploring new places on her adventure bike.

This page is purely informational. Line does not provide financial, legal or accounting advice. This article has been prepared for informational purposes only. It is not intended to provide financial, legal or accounting advice and should not be relied on for the same. Please consult your own financial, legal and accounting advisors before engaging in any transactions.