Definitions for consumer loan
con·sumer loan

Princeton's WordNetRate this definition:0.0 / 0 votes

1. 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

WikipediaRate this definition:0.0 / 0 votes

1. consumer loan

   Credit (from Latin verb credit, meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. The resources provided by the first party can be either property, fulfillment of promises, or performances. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower.

ChatGPTRate this definition:0.0 / 0 votes

1. consumer loan

   A consumer loan is a type of personal loan lent to individuals by financial institutions such as banks, credit unions, or online lenders, which is used for personal, family, or household purposes. These loans can be secured (backed by collateral) or unsecured, and encompass various types including auto loans, student loans, personal loans, and credit card loans. Repayment terms, interest rates, and other conditions are typically defined in a loan agreement.

Matched Categories

1. • Loan

How to pronounce consumer loan?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say consumer loan in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of consumer loan in Chaldean Numerology is: 6

2. Pythagorean Numerology

   The numerical value of consumer loan in Pythagorean Numerology is: 6

Examples of consumer loan in a Sentence

1. Nate Greenberg:

   The average first-time franchisee has never taken out any form of business loan before, and their nearest understanding of financing is usually some form of consumer loan, it can be very frustrating for a new franchisee who comes from that background to learn the hard way that the lending sources who helped them buy their house or car are not necessarily the best sources to help them finance their franchise opportunity.

2. Roger Marshall:

   According to your disclosure it looks like you received that [loan] at an interest rate of 6% but the going rate for a consumer loan was 11%, do you feel like that's some type of conflict of interest?

3. David Beattie:

   We would expect the biggest losses to be associated with the consumer loan portfolios in the oil-producing provinces of Alberta and Saskatchewan.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=consumer loan
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Consumer_Loan
3. ^ ChatGPT
   https://chat.openai.com