Types of personal loan in india

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Types of personal loan in india

Roughly 1 in 8 African-American adults have used a payday loan in the past five years, compared to only 1 in 25 white adults. Low-Income. The median household income in the country was 53,657 in 2014, according to the Census Bureau. However, most payday loan users have income well below this level. More than 70 have a household income of less than 40,000. People in this group are three times as likely to use payday loans as people with incomes of 50,000 or more.

Renters. People who rent are much more likely to types of personal loan in india payday loans than people who own their homes.

About 35 of American adults are renters, but 58 of payday borrowers are.

Types of personal loan in india

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Types of personal loan in india