: a loan that is made by a bank to someone for a personal need
Examples of personal loan in a Sentence
Recent Examples on the Web
Examples are automatically compiled from online sources to
show current usage.Read More
Opinions expressed in the examples do not represent those of Merriam-Webster or its editors.
Send us feedback.
This amount is the total of credit card, personal loan, auto loan and mortgage debt paid over their full terms.—
Liz Knueven,
CNBC,
24 Sep. 2026 Interest rates are considerably lower than the alternatives The average personal loan interest rate is over 12% while the average credit card interest rate is over 22% this September.—
Matt Richardson,
CBS News,
15 Sep. 2026 Though having $30,000 in his savings account may put Patrick in a better financial situation than most Americans, Delony and Kamel recommended using $29,000 to pay off his personal loan and as much of his car loan as possible.—
Sara Belcher,
PEOPLE,
13 Sep. 2026 Then there’s debt consolidation, where a personal loan combines multiple balances into one payment, potentially with different terms from your existing cards.—
Craig Lebrau,
USA Today,
9 Sep. 2026 See All Example Sentences for personal loan