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Definition of Consumer loan
1. Noun. 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.
Exact synonyms: Personal Loan
Generic synonyms: Loan
Specialized synonyms: Auto Loan, Automobile Loan, Car Loan
Generic synonyms: Loan
Specialized synonyms: Auto Loan, Automobile Loan, Car Loan