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

No Synonyms and anytonyms 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.
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.

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.