personal loan

noun

: 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 Establishing debit and credit card relationships with young consumers will position BNPL providers to expand—seamlessly and efficiently—into other personal loan categories, further cannibalizing banks and credit unions. Ron Shevlin, Forbes, 19 Feb. 2024 Just 4% said they would be forced to take out a personal loan. Anthony Robledo, USA TODAY, 26 Jan. 2024 Abe-Koga is the top fundraiser in the race, having pulled in roughly $299,000, including $27,000 from a personal loan. Grace Hase, The Mercury News, 22 Feb. 2024 Another option is to look at potential forms of financial aid, such as 0% APR credit cards or a personal loan with a low-interest rate that can give you at least a year to pay off the balance. Lauren Brown West-Rosenthal, Parents, 24 Jan. 2024 Borrowing money for medical bills: A medical credit card like CareCredit or a personal loan are two ways to finance medical bills, but both come with interest that can increase the total cost. Nerdwallet, Hartford Courant, 6 Jan. 2024 Hansen in a Friday news release took a swipe at Pan for his $80,000 in outstanding debt — including $50,000 from a personal loan — and at McCarty for transferring $463,283 from his assembly account. Theresa Clift, Sacramento Bee, 30 Jan. 2024 If a personal loan is your best option, be sure to compare offers from several lenders, not just your go-to bank or credit union, Kovar urges. Aly J. Yale, wsj.com, 7 Nov. 2023 Debt consolidation loans are a type of personal loan tailor made for this problem. Kerri Anne Renzulli, wsj.com, 31 Oct. 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'personal loan.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Dictionary Entries Near personal loan

Cite this Entry

“Personal loan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/personal%20loan. Accessed 24 Apr. 2024.

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