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Banks are typically large financial institutions that offer a range of loan products, including personal loans, mortgages, car loans, and business loans. Overall, installment loans can be a useful financial tool for those who need to borrow a large sum of money and want to pay it back over a longer period of time.
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This process can take anywhere from a few minutes to a few days, depending on the loans lender. A personal loan is a type of loan that is issued by a lender to an individual borrower, rather than a business or organization. Additionally, banks are typically regulated by government agencies, which can provide additional protections for the bad borrower.