In the majority of cases, it is very common that the terms used loans and personal loans as if they were synonymous, although there are several differences between the two. First, it is necessary to bear in mind that personal loans have as associated products, a checking account, through which the bank or savings type money requested, therefore, so we will have the opportunity to have only the amount you require on time. In turn, only pay interest on the amount that actually we use, nothing more. This is a very viable alternative to meet specific expenses at some point in our lives. Meanwhile, the financial institution previously pactará operation conditions, which may be renewed at maturity, depending on our needs and goals.