Personal Loan

# An unsecured loan usually made for the purpose of debt consolidation, vacation or the purchase of durable goods. Also called a signature loan.


# A loan based on a consumer's income, debt and credit history. Principal The outstanding balance of a loan, exclusive of interest and other charges.


# A loan for personal use that is not backed by collateral, such as a home or automobile. This is neither a business loan nor a home equity or mortgage loan.


# A loan made for personal, family, or household use as opposed to a business-type loan or a long-term mortgage loan to finance real estate.


# A loan secured by property other than real estate, or unsecured.


# A personal loan is a way of borrowing money from a bank, building society or other financial service provider. You can usually borrow up to £15,000 for a period that can range from six months to 10 years. Generally speaking, the more you borrow, the lower the interest, but rates vary from around 8% to 20%, so you should shop around.


# A personal loan is the generic term for a loan. It can either be secured against your property or unsecured depending on your personal circumstances and preferences.


# A personal loan is a loan from a lender that is not secured by any property.


# A loan for Individual persons on fixed repayments and interest rates are fixed.


# a loan that establishes consumer credit that is granted for personal use; usually unsecured and based on the borrower's integrity and ability to pay