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personal loan

Meaning of "personal loan" in the English dictionary

DICTIONARY

PRONUNCIATION OF PERSONAL LOAN

ˈpɜːsənəl ləʊn


GRAMMATICAL CATEGORY OF PERSONAL LOAN

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Personal loan is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES PERSONAL LOAN MEAN IN ENGLISH?

Unsecured debt

In finance, unsecured debt refers to any type of debt or general obligation that is not collateralized by a lien on specific assets of the borrower in the case of a bankruptcy or liquidation or failure to meet the terms for repayment. In the event of the bankruptcy of the borrower, the unsecured creditors will have a general claim on the assets of the borrower after the specific pledged assets have been assigned to the secured creditors. The unsecured creditors will usually realize a smaller proportion of their claims than the secured creditors. In some legal systems, unsecured creditors who are also indebted to the insolvent debtor are able to set-off the debts, which actually puts the unsecured creditor with a matured liability to the debtor in a pre-preferential position. Under risk-based pricing, creditors tend to demand extremely high interest rates as a condition of extending unsecured debt. The maximum loss on a properly collateralized loan is the difference between the fair market value of the collateral and the outstanding debt.

Definition of personal loan in the English dictionary

The definition of personal loan in the dictionary is a loan of money for personal use.

WORDS THAT RHYME WITH PERSONAL LOAN

alone · anticyclone · blown · chalone · clone · cologne · cyclone · flown · loan · lone · overblown · Pantalone · prednisolone · pregnenolone · quinolone · Sloan · Sloane · triamcinolone · violone · windblown

WORDS THAT BEGIN LIKE PERSONAL LOAN

personal effects · personal equation · personal equity plan · personal estate · personal foul · personal friend · personal growth · personal hygiene · personal identification number · personal insurance · personal organizer · personal pension · personal pension plan · personal pronoun · personal property · personal relationships · personal shopper · personal space · personal stationery · personal stereo

WORDS THAT END LIKE PERSONAL LOAN

amortized mortgage loan · balloon loan · bank loan · bridging loan · call loan · consolidation loan · demand loan · deposit loan · hard loan · home improvement loan · home loan · interlibrary loan · jumbo loan · local loan · microloan · on loan · savings and loan · soft loan · student loan · time loan · top-up loan

Synonyms and antonyms of personal loan in the English dictionary of synonyms

SYNONYMS

Translation of «personal loan» into 25 languages

TRANSLATOR

TRANSLATION OF PERSONAL LOAN

Find out the translation of personal loan to 25 languages with our English multilingual translator.

The translations of personal loan from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «personal loan» in English.
zh

Translator English - Chinese

个人贷款
1,325 millions of speakers
es

Translator English - Spanish

préstamo personal
570 millions of speakers
en

English

personal loan
510 millions of speakers
hi

Translator English - Hindi

व्यक्तिगत ऋण
380 millions of speakers
ar

Translator English - Arabic

قرض شخصي
280 millions of speakers
ru

Translator English - Russian

личного кредита
278 millions of speakers
pt

Translator English - Portuguese

empréstimo pessoal
270 millions of speakers
bn

Translator English - Bengali

ব্যক্তিগত ঋণ
260 millions of speakers
fr

Translator English - French

prêt personnel
220 millions of speakers
ms

Translator English - Malay

pinjaman peribadi
190 millions of speakers
de

Translator English - German

Privatdarlehen
180 millions of speakers
ja

Translator English - Japanese

個人ローン
130 millions of speakers
ko

Translator English - Korean

개인 융자
85 millions of speakers
jv

Translator English - Javanese

Silihan pribadi
85 millions of speakers
vi

Translator English - Vietnamese

cho vay cá nhân
80 millions of speakers
ta

Translator English - Tamil

தனிப்பட்ட கடன்
75 millions of speakers
mr

Translator English - Marathi

वैयक्तिक कर्ज
75 millions of speakers
tr

Translator English - Turkish

bireysel kredi
70 millions of speakers
it

Translator English - Italian

prestito personale
65 millions of speakers
pl

Translator English - Polish

pożyczka osobista
50 millions of speakers
uk

Translator English - Ukrainian

особистого кредиту
40 millions of speakers
ro

Translator English - Romanian

credit de nevoi personale
30 millions of speakers
el

Translator English - Greek

προσωπικό δάνειο
15 millions of speakers
af

Translator English - Afrikaans

persoonlike lening
14 millions of speakers
sv

Translator English - Swedish

personligt lån
10 millions of speakers
no

Translator English - Norwegian

personlige lån
5 millions of speakers

Trends of use of personal loan

TRENDS

TENDENCIES OF USE OF THE TERM «PERSONAL LOAN»

Principal search tendencies and common uses of personal loan
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «personal loan».

Examples of use in the English literature, quotes and news about personal loan

EXAMPLES

10 ENGLISH BOOKS RELATING TO «PERSONAL LOAN»

Discover the use of personal loan in the following bibliographical selection. Books relating to personal loan and brief extracts from same to provide context of its use in English literature.
1
McKinney's Consolidated Laws of New York Annotated: With ...
368 of such license or until such license shall have been duly canceled, as though such association had complied with all the provisions of this article, and to exercise the powers conferred by this article upon personal loan companies.
New York (State), William Mark McKinney, 1916
2
Annotated consolidated laws of the state of New York as ...
Personal loan companies. §§ 350, 364. three hundred and forty-four of this article shall not be charged at a rate to exceed two per centum per month. 5. For a loan made under subdivisions three and four of section three hundred and forty-four ...
New York (State), Clarence Frank Birdseye, Robert Cushing Cumming, 1920
3
The Laws of the State of New York Relating to Banks, ...
Every personal loan association may become a personal loan company with all the powers and subject to all the obligations and duties of personal loan companies organized under the provisions of this article. A personal loan association ...
Willis Seaver Paine, 1914
4
Islamic Banking and Finance
A secured personal loan is a loan which directly finances the asset the client wants to acquire. The bank typically has ownership of the asset during the transaction and keeps the asset as collateral to protect against any negative impact of ...
Natalie Schoon, 2009
5
Debtor Nation: The History of America in Red Ink
This combination of experience with Title I lending and the need for profits is what led to the massive increase in the number of personal loan departments organized in the mid-1930s. As homage to their origin, the personal loans echoed the ...
Louis Hyman, 2011
6
Annual Report of the Superintendent of Banks Relative to ...
New York (State). Banking Department. Lier .OF PERSONAL LOAN BROKERS TOGETHER WITH CANTAL COMPANIES .AND PERSONAL LOAN The following table contains the names, locations and amount ...
New York (State). Banking Department, 1919
7
Real Estate Investor's Guide to QuickBooks 2006
Before recording the deposit of a personal loan, setup the new entity as a vendor. See the section “Vendors & Subcontractors” in Chapter 1 if you need help setting up a new vendor. In our example, we've set up Paul Olsen as a vendor.
Karen Mitchell
8
Data Mining for Business Intelligence: Concepts, Techniques, ...
12.1 Personal Loan Acceptance. Universal Bank is a relatively young bank growing rapidly in terms of overall customer acquisition. The majority of these customers are liability customers with varying sizes of relationship with the bank.
Galit Shmueli, Nitin R. Patel, Peter C. Bruce, 2011
9
How to Get a Business Loan
If you do, you are tacitly agreeing to sign the personal loan guarantee. Let your banker raise the subject. When he does, remind him of the value of the assets already included in your business plan. I suggest not filling in the bank's forms for  ...
Joseph R. Mancuso, 2010
10
Black Enterprise
... 13.9 percent for 48-month new-car loans. Although interest rates on bank loans are still high compared with other personal loan sources — credit unions, insurance policies, family and friends — they remain lower than they were a year ago.

10 NEWS ITEMS WHICH INCLUDE THE TERM «PERSONAL LOAN»

Find out what the national and international press are talking about and how the term personal loan is used in the context of the following news items.
1
Take personal loan to foreclose your gold loan
But don't panic, you can convert your existing gold loan into a personal loan or take a personal loan or a less expensive loan such as a loan ... «mydigitalfc.com, Jul 15»
2
SBV explains changes to personal loan limit
SBV explains changes to personal loan limit. HA NOI (VNS) — A representative of the State Bank of Viet Nam has confirmed that individuals ... «Viet Nam News, Jul 15»
3
Excessive borrowing leaves many mid-income Pakistanis drowning …
“Anyone who is earning even as low as Dh3,000 can get a car loan, and if he is earning Dh4,000 then he can get personal loan in millions. «The National, Jul 15»
4
Don't miss these deductions while filing returns
... a deduction," says Vaibhav Sankla, Director, H&R Block. This includes the prepayment charges. Interest on personal loan for down payment ... «Times of India, Jul 15»
5
SCB ups focus on loans for buyers of high-powered vehicles
... to carbon emissions - becomes effective on January 1, Narong Srichukrin, head of auto finance and personal loan products, said last week. «The Nation, Jul 15»
6
Living on a houseboat: a cheap housing alternative?
Instead, they can opt for a personal loan or specialist marine finance, where the loan is secured on the boat. Surveying a boat before you buy ... «Telegraph.co.uk, Jul 15»
7
Personal finance Q&A: Installment loan debt vs. credit card debt
I am considering getting a personal loan from a reputable lender to pay down my credit card debt. The amount of my overall debt will still be the ... «Sillyid.com - International Daily Magazine, Jul 15»
8
Top 4 reasons Vancouverites take out a loan
By taking out a personal loan, you can make better use of your credit score when you borrow anywhere from a few to several thousand dollars ... «Vancity Buzz, Jul 15»
9
How repo rate increase will affect you
If you have a personal loan (an unsecured credit agreement) and you are charged the maximum rate under the NCA, your rate will increase ... «Independent Online, Jul 15»
10
When to use a personal loan to finance your business?
In such a situation a simple personal loan can be prove to be very useful. So, as a business owner when should you consider taking a personal ... «Economic Times, Jul 15»
REFERENCE
« EDUCALINGO. Personal loan [online]. Available <https://educalingo.com/en/dic-en/personal-loan>. May 2024 ».
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