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The target group for personal loans is

  • A.newborn infants
  • B.all private limited companies
  • C.minor children
  • D.all salaried persons

Answer: D

Correct answer: all salaried persons

A personal loan is unsecured, so the lender is buying a stream of repayments and nothing else. Salaried persons are therefore the natural market: a regular, verifiable income, and often an employer the lender already knows. Infants and minors cannot contract at all, and companies borrow as businesses rather than personally.

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