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Is it true that you can apply for a loan privately?

False.

Regular banks do not provide door-to-door services for loans, because loans require a lot of procedures and approval from bank leaders. It is recommended that you go to a regular bank to apply for a loan.

Loan refers to a form of credit activity in which banks or other financial institutions lend monetary funds according to certain interest rates and must be returned. A simple and popular understanding is borrowing money that requires interest.