Personal Loans

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Bank Overdraft

This is a loan from the bank that is provided to you when you spend more than your available balance in your bank account. If you have an agreed overdraft limit, you will be charged interest at the rate agreed with the bank, however if you go beyond this, the charges may be much higher.

Pay day Loan (A.K.A. Cash Advance)

These loans are short-term, small amounts loaned to borrowers only until your next paycheck so generally within a month or a fortnight. They can be convenient but often a very expensive way to borrow money.