What then is a consumer loan and how is it different from a personal loan?
On personal computers, for example, most banks offer only up to 70% while they will give you up to 90% for a television. However, remember that the product you buy will remain hypothecated to the financier till you repay the loan. For all other purposes you would be considered the owner. So if someone messes around with your TV or damages it in any way, you and not the bank would have to pay for fixing it!