personal loan

noun

: 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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If that’s not an option, Schultz thinks consolidating all your high-rate credit card debt into a personal loan with a much lower rate can make a big difference to your bottom line. Jeanne Sahadi, CNN, 29 Jan. 2025 Rocket Loans alternatives If Rocket Loans isn’t for you, there are still plenty of other personal loan options in the market that can suit your needs. Andreina Rodriguez, CNBC, 23 Dec. 2024 Veloz may also be able to take a personal loan at a lower interest rate, and could use that loan to pay either all or part of the existing car loan. Yaakov Katz, Newsweek, 27 Nov. 2024 Non-mortgage loan debts include auto, student, credit card and personal loan debt. David Faris, Newsweek, 4 Nov. 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 16 Feb. 2025.

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