A "Loan Peribadi" or personal loan is a type of unsecured loan designed to meet the diverse financial requirements of individuals. Unlike secured loans that require collateral, a personal loan is granted based on the borrower's creditworthiness, income, and repayment capacity. Personal loans are unsecured, meaning they do not require any collateral. This makes them accessible to individuals who may not have assets to pledge as security.Borrowers can use personal loans for a variety of purposes, including debt consolidation, home improvements, medical expenses, education costs, travel, or any other personal financial need.The loan amount varies based on the borrower's creditworthiness and income. Lenders typically set a maximum loan limit, and borrowers can choose an amount within that range.