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Definition of Personal 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: Consumer Loan
Generic synonyms: Loan
Specialized synonyms: Auto Loan, Automobile Loan, Car Loan
Generic synonyms: Loan
Specialized synonyms: Auto Loan, Automobile Loan, Car Loan