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On instant personal loans

Dear Madam,
It has been lately seen that a lot of startups are coming up that would provide instant loans to people without collateral, and people from anywhere in the country can get approval almost instantly. These seem like a game changer and people should definitely take advantage of these, especially those who are working on ideas and businesses but don’t have the required fund and want to avoid the hassles of traditional bank loans.
Ranjan, Dimapur

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