Loan peribadi, also known as a personal loan, is a type of unsecured loan provided by financial institutions to individuals. Unlike secured loans that require collateral, a personal loan is granted based on the borrower’s creditworthiness and ability to repay. It offers a fixed amount of money that can be used for various purposes, such as consolidating debts, funding emergencies, covering medical expenses, or financing personal projects. Borrowers typically repay the loan in fixed monthly installments over a specified period, and the interest rate is determined based on the borrower’s credit history and other factors.