What does personal loan mean?
Definitions for personal loan
per·son·al loan
This dictionary definitions page includes all the possible meanings, example usage and translations of the word personal loan.
Princeton's WordNet
personal loan, consumer loannoun
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
ChatGPT
personal loan
A personal loan is a type of unsecured loan that is provided by financial institutions such as banks or credit unions to individuals for personal use. This can include expenses like debt consolidation, home renovations, medical bills, or larger purchases. The borrower is typically required to repay the loan in fixed monthly installments over a predetermined period of time. The interest rates for personal loans are usually determined by the borrower's credit score and history.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of personal loan in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of personal loan in Pythagorean Numerology is: 7
Examples of personal loan in a Sentence
I can’t see there being much willingness to give a fairer outcome to offshore bondholders rather than onshore banks, let alone house buyers and people who have lent onshore through the personal loan structures, of course legally there is also structural subordination from being offshore, which means lenders to Evergrande’s onshore subsidiaries get paid before lenders to the parent company or any offshore debt issuer.
We've seen numerous personal loan providers enter the marketplace in recent years, so it's no surprise that those debts are increasing, people can borrow money online at competitive rates.
Translations for personal loan
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"personal loan." Definitions.net. STANDS4 LLC, 2024. Web. 29 Apr. 2024. <https://www.definitions.net/definition/personal+loan>.
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