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 ?
A signature line of credit is similar to a signature loan, but its advantage is that it doesn't require collateral.
This title provides information for businesses from small to national firms on how to raise money, including collateralized and signature loans, credit card lines of debt, and venture and public capital.
Other benefits include: loans to cooperatives for major capital improvements; a payroll deduction plan for all employees of any affiliated company; automobile loans; passbook loans; and signature loans.
The NEA Credit Plan, provided by NEA Member Benefits, offers unsecured signature loans from $3,000 to $15,000, with repayment plans of up to six years.
But we have lots of signature loans where we're going to have to try to measure impairment.
Since at least 2007, when Sparks was hired, NARFE has offered its holiday loans based on the terms of the credit union's standard signature loans. The maximum amount allowable is $25,000 and repayment varies between six and 60 months.
InstaLoan offers a range of short-term lending solutions, including including first lien loans, second lien loans, signature loans, and personal loans to individuals no matter what their credit history.
Dollar Loan Center, founded in 1998, 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 of public record, which made the debt unsecured.
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.
When it comes to financing what are essentially long-term, high-balance signature loans, Smith sees a potential threat to participating credit unions' bottom lines.
Dollar Loan Center is the largest provider of short term signature loans in Nevada with additional locations in Utah and South Dakota.
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