consumer loan Synonyms
No Synonyms and anytonyms found
consumer loan Meaning
Wordnet
consumer loan (n)
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
consumer loan Sentence Examples
- A consumer loan is a type of credit extended to individuals for personal use, such as buying a car or financing education.
- Many banks and credit unions offer consumer loans to qualified applicants.
- She applied for a consumer loan to help cover the cost of home renovations.
- Consumer loans typically come with fixed or variable interest rates, depending on the lender's terms.
- The bank approved his consumer loan application quickly, and he was able to purchase the new furniture for his apartment.
- Consumer loans are often repaid in monthly installments over a predetermined period.
- Interest rates on consumer loans can vary depending on the borrower's credit history and financial situation.
- Consumer loans can be secured or unsecured, meaning they may or may not require collateral.
- The consumer loan helped her consolidate high-interest debts into a single, more manageable payment.
- It's essential to carefully consider the terms and conditions of a consumer loan before signing the agreement.
FAQs About the word consumer loan
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
No synonyms found.
No antonyms found.
A consumer loan is a type of credit extended to individuals for personal use, such as buying a car or financing education.
Many banks and credit unions offer consumer loans to qualified applicants.
She applied for a consumer loan to help cover the cost of home renovations.
Consumer loans typically come with fixed or variable interest rates, depending on the lender's terms.
