https://3speak.tv/watch?v=vinjackhanma/eofzcwym
A personal loan is money borrowed from a lender that you pay back in monthly installments.

A personal loan is money borrowed from a bank, credit union or online lender that you pay back in fixed monthly payments, or installments, typically over two to seven years.

Reference: https://quickpersonalloantoday.com/what-is-a-personal-loan/