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consumer loan

DEFINITIONS OF: consumer loan

1

n 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

Synonyms:
personal loan
Types:
auto loan, automobile loan, car loan
a personal loan to purchase an automobile
Type of:
loan
the temporary provision of money (usually at interest)
WORD FAMILY
USAGE EXAMPLES