Personal Loans are short term unsecured loans. These loans are borrowed to meet unexpected expenses, home repair, car repair, holiday expenses, and medical expenses, etc. You can avail money generally between $500-$5,000, and the upper range may vary depending on lenders and borrower’s requirements. The duration of repayment maybe 6 – 36 months, it can also be broader. So, you get plenty of time to repay your loan amount with easy small installments, thus it doesn’t disturb your monthly budget.