: a loan that is made by a bank to someone for a personal need
Examples of personal loan in a Sentence
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There is no universal score that will earn approval for a personal loan.—
Dan Avery,brett Holzhauer,
CNBC,
17 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