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Personal loans are more expensive than the best credit cards on the market, but you can usually borrow a bit more with a personal loan, so it depends why you need the cash.

Personal loans If you need an injection of cash, to pay for a wedding, new car, new boiler, holiday, you might take out a personal loan. These are 'unsecured' loans, i.e. they are not tethered to anything like a house. A mortgage loan is 'secured' against your property: if you cannot pay the bank gets to sell your house as compensation.