Signature loan

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Signature loan

A good faith loan that is unsecured and requires only the borrower's signature on the loan application.

Signature Loan

A loan with no collateral that one borrows from a bank upon request. Signature loans may have high interest rates (because of the risk of no collateral), and they may be fairly small. For example, one may borrow a signature loan of $4,000 to consolidate and pay old medical bills.
References in periodicals archive ?
A signature loan is one that is not backed by collateral and is, instead, granted based on the borrower's credit, income and ability to repay, hence the higher rates and fees.
Dollar Loan Center is the largest provider of short term signature loans in Nevada with additional locations in Utah and South Dakota.
Lines of credit, share drafts and signature loans would fall in the MFOEL category.
Dollar Loan Center is the largest provider of short term signature loans in Southern Nevada with additional locations in Utah and South Dakota.
The collateral securing the notes are credit-tested private student loans originated under the Student Loan Marketing Association's Signature Loans, LAWLOANS, MBA Loans, and MEDLOANS programs.
Dollar Loan Center is a premier provider of signature loans in 50 locations throughout Nevada, South Dakota and Utah.
offered it members signature loans of up to $5000 with a 48-month term, zero interest and no payments for first 90 days.
Fewer than half of the company's 1,000 employees participate, but those that do can come to the credit union for signature loans of up to $6,000, depending on length of service with the company, according to the credit union manager, Carolyn Taylor.
In addition to automotive loans and leases, SST provides active servicing solutions for marine, motorcycle, power sport vehicles, signature loans (home improvement) and credit card receivables.
Dollar Loan Center is a premier provider of signature loans in 49 locations throughout Nevada, South Dakota and Utah.
Turner was Vice President of Retail Financial Services at Rent-A-Center, where he led the development of a chain of financial service centers offering a variety of financial services such as check cashing, short-term loans, installment loans, signature loans, tax services and stored value cards, as well as an online channel.
US FCU noted that "loan restructuring, consolidation, credit repayment assistance, and financial counseling are services all available through this program," in addition to the "Summer Bucks" loan promotion on short-term signature loans "that may help fill temporary financial need caused by the shutdown.