personal loan

personal loan
A loan to a private person by a bank or building society for domestic purposes, buying a car, etc. There is usually no security required and consequently a high rate of interest is charged. Repayment is usually by monthly instalments over a fixed period. This is a more expensive way of borrowing from a bank than by means of an overdraft

Big dictionary of business and management. 2014.

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  • personal loan — ➔ loan1 * * * personal loan UK US noun [C] ► FINANCE money that you borrow from a bank or other financial organization for your personal, rather than business, use: »She is wondering whether to consolidate her debts by taking out a personal loan …   Financial and business terms

  • personal loan — loan given to an individual for personal use …   English contemporary dictionary

  • personal loan — noun 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 • Syn: ↑consumer loan • Hypernyms: ↑loan • Hyponyms: ↑automobile loan, ↑auto loan, ↑car loan …   Useful english dictionary

  • personal loan — / pɜ:s(ə)nəl ləυn/ noun a loan to a person for household or other personal use, not for business use …   Dictionary of banking and finance

  • personal loan — /pɜsənəl ˈloʊn/ (say persuhnuhl lohn) noun a loan from a financial institution to an individual, for a purpose other than the purchase of property …  

  • Loan protection insurance — Loan protection insurance, or loan payment protection insurance, is a form of payment protection insurance. This type of insurance can help you protect your monthly loan payments if you become unemployed or suffer an accident or sickness.Loan… …   Wikipedia

  • personal — UK US /ˈpɜːsənəl/ adjective ► belonging to a single or particular person rather than to a group or an organization: »The rising levels of personal debt are already a considerable problem for the economy. »There is always some personal risk… …   Financial and business terms

  • loan — money lent at interest.A lender makes a loan with the idea that it will be paid back as agreed and that interest will be paid for the use of the money. Glossary of Business Terms Temporary borrowing of a sum of money. If you borrow $1 million you …   Financial and business terms

  • loan — A lending. Delivery by one party to and receipt by another party of sum of money upon agreement, express or implied, to repay it with or without interest. Boerner v. Colwell Co., 21 Cal.Sd 37, 145 Cal.Rptr. 380, 384, 577 P.2d 200. Anything… …   Black's law dictionary

  • loan — A lending. Delivery by one party to and receipt by another party of sum of money upon agreement, express or implied, to repay it with or without interest. Boerner v. Colwell Co., 21 Cal.Sd 37, 145 Cal.Rptr. 380, 384, 577 P.2d 200. Anything… …   Black's law dictionary

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