personal loan

noun

: a loan that is made by a bank to someone for a personal need

Example Sentences

Recent Examples on the Web

Another option is to get a small personal loan, which would add an installment loan back to your credit mix. —Liz Weston, oregonlive, 9 Apr. 2023

In 2020, Pasco, 29, launched his personal loan company to lend cash to Millennials with low or no credit scores. —Steven Bertoni, Forbes, 6 Mar. 2023

The average personal loan rate was 10.82% as of March 22, according to Bankrate. —Jeanne Sahadi, CNN, 25 Mar. 2023

The average personal loan rate was 10.71% as of March 8, according to Bankrate. —Jeanne Sahadi, CNN, 22 Mar. 2023

Another option is to consolidate those debts by getting a personal loan, using the funds to pay off the credit card balances and then repay the one loan. —Khristopher J. Brooks, CBS News, 27 Feb. 2023

Try for a personal loan at a lower rate than your cards charge. —Terry Savage, Orlando Sentinel, 22 Feb. 2023

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