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Low-Interest Rates: Often decrease rates of interest, especially in the case of secured loans.
No Income Proof Required: Not strictly reliant on formal income pro
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n High Interest for Unsecured Loans: Unsecured loans may carry greater interest rates.
Collateral Requirement: Some loans require collateral, which may not be feasible for all candidates.
Limited Loan Amount: The mortgage quantity could also be decrease in comparability with conventional lo
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