How does the personal loan from banks such as Bank of America or Citibank work?

BeBeAdY asked: I just received an offer to apply for a personal loan for up to 35,000 with Bank of America and for up to 5,000 with citibank. I actually need no more than 7,500. The interest rate is between 9,97 and 27,88 based on credit worthyness. I will like to know how it works. [...]

Low Rate Personal Loan Leads to High Rate Happiness

 At the time of searching for a loan to buy home / car or financing for your new business, you will find loans now in an easier manner. After the liberalisation of Indian economy, there a number of providers for Personal Loans, Home loan or any other types of finances. That makes the whole process [...]