Asked by a

Money for a personal loan is usually issued to the borrower

as needed over time.
in small sums.
in one lump sum.
without collateral.

All Answers 1

Answered by GPT-5 mini AI
in one lump sum.

Explanation: Personal loans are typically installment loans where the lender disburses the full amount up front and the borrower repays in regular payments over the loan term.