Signature loan


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Related to Signature loan: Unsecured Loans

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 ?
Most of them are for car or other types of vehicle loans, including RV and motorcycle loans, and a few are for signature loans or lines of credit.
A signature line of credit is similar to a signature loan, but its advantage is that it doesn't require collateral.
a provider of complete mortgage lending software solutions, announced at the 91st MBA Annual Convention & Expo the implementation of its signature loan origination software (LOS) system by Atlanta-based Bay Rock Mortgage and San Diego-based Courtesy Mortgage.
The report praised a number of credit union payday loan alternatives, including the Credit Builder and Score Building loan products from Alternatives Federal Credit Union in New York and other credit unions, such as Navy Federal, which have flexible policies on its signature loan programs that allow them to function as payday loan alternatives.
After 30 days, loans would be converted to a 12-month signature loan at the current APR.
We also look to council members and see if there is something else we can do such as a small signature loan, but some members don't want the obligation of loan.
Phillips spoke to him about the terms, conditions and interest rate of the loan and suggested that the member open a signature loan instead of a short-term loan.
In its signature loan stores and some pawnshops, the Company offers short-term non-collateralized loans, often referred to as payday loans, or fee based credit services to customers seeking loans.
Through signature loan programs, including the Credit Comeback Loan and the Credit Repair(SM) Mortgage, Full Spectrum offers loan products for both refinance and purchase transactions.
Signature loans originated in June reached $243 million, breaking the old record set in April 2015 by more than 12 percent.
Dollar Loan Center offers Signature Loans of $2,500 to California residents requiring no collateral and with no origination or application fees.
Other lenders already had first liens on the property, and the Signature loans to the grass farm were never filed of public record, which made the debt unsecured.