personal loan

English - Turkish

Definition of personal loan in English Turkish dictionary: (Ticaret) kişisel kredi; (Ticaret) bireysel kredi
personal loans: bireysel krediler

English - English

Definition of personal loan in English English dictionary: loan given to an individual for personal use; A loan obtained by an individual for personal (as opposed to business or investment) purposes A personal loan may or may not be secured Also called consumer loan or consumer credit; An amount of money borrowed from a bank or other lender by an individual; Loan from someone you know; Money lent to an individual by a financial institution for a specific personal purpose except buying a house One main difference between a personal loan and a home loan is that most personal loans are unsecured; A loan based on a consumer's income, debt and credit history; 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
personal installment payment loan: loan for private consumers in which the fund is repaid by a series of pre-set payments

personal loan

Hyphenation

per·son·al loan

pırsînîl lōn

/ˈpərsənəl ˈlōn/ /ˈpɜrsɪnɪl ˈloʊn/

[ 'p&rs-n&l, 'p&r-s ] (adjective.) 14th century. Middle English, from Middle French, from Late Latin personalis, from Latin persona.

History

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