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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Non-mortgage loan debts include auto, student, credit card and personal loan debt. David Faris, Newsweek, 4 Nov. 2024 Some financial advisors recommend taking out a personal loan instead of using a balance transfer credit card. Winnie Sun, Forbes, 1 Nov. 2024 The chief benefits of a personal loan are the lower credit score threshold and there’s no risk of foreclosure. Kelsey Neubauer, CNBC, 29 Oct. 2024 The judge also ruled in a separate but related case that Cohen is on the hook for a $187 million personal loan guarantee pending the results of the auction, which is set for November 8 unless the two sides agree to a settlement. Jill Goldsmith, Deadline, 21 Oct. 2024 See all Example Sentences for personal loan 

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 30 Dec. 2024.

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!