Consumer-friendly personal loans to come
New personal loans can be taken out for a maximum term of 7 years, and banks need to decide quickly on disbursement, which also maximizes fees and loan interest.
Although the personal loan market shrank by 40 percent last year due to the pandemic, households ’deferred investment is expected to pick up after the uncertainty caused by the pandemic, which could give a boost to this market as well. (origo)
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