What is another word for personal loan?
3 synonyms found
[ pˈɜːsənə͡l lˈə͡ʊn], [ pˈɜːsənəl lˈəʊn], [ p_ˈɜː_s_ə_n_əl l_ˈəʊ_n]
When it comes to borrowing money, what most people think of is a personal loan. However, there are various other names for it that you might not be aware of. For instance, you can refer to it as an unsecured loan, signature loan or consumer loan, to name a few. These loans are not secured by any collateral and are often used to consolidate debts, finance home improvements, or cover unexpected expenses. Other common synonyms for personal loans include cash advance, paycheck advance, and payday loan. It's essential to understand the different types of personal loans available and find the one that is the most suitable for your specific needs.