General loans are lending tools that can be sought out for a variety of reasons. The proceeds from this type of funding are not typically restricted in use either. These loans may be offered as secured or unsecured, depending on the lender, the amount and a person’s credit standing.

General loans include signature loans, consolidation loans, home equity lines of credit and equity loans. The lenders that might offer general or basic loans include standard banks, credit unions and private finance companies.

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