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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
As promised, it now offers loans on new and used cars as well as signature loans. And the checking account option was made available the first of the year.
"We're a small credit union that makes signature loans and car loans," Bernier explained.
Dollar Loan Center is the largest provider of short term signature loans in Nevada with additional locations in Utah and South Dakota.
Other lenders already had first liens on the property, and the Signature loans to the grass farm were never filed in the public record, which made the debt unsecured.
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.
Dollar Loan Center is a premier provider of signature loans in 50 locations throughout Nevada, South Dakota and Utah.
The 28,000 member SkyOne Federal Credit Union, headquartered in Hawthorne, Calif., 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.
Dollar Loan Center is a premier provider of signature loans in 49 locations throughout Nevada, South Dakota and Utah.
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."
In addition to generating incremental auto loans, Diamond has been able to cross sell additional products and services as a result of this member outreach initiative, including credit cards and signature loans, Levengood said.
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