A loan that is not backed by collateral. also called unsecured loan.
The Signature Loan is a popular multi-purpose loan source. At the time of application, a loan purpose is established, but no collateral is used. The note is qualified by approved credit rating and secured by the your signature. Credit approval required.
A good faith loan that is unsecured and requires only the borrower's signature on the loan application.
a fixed term unsecured loan to be used for a specific purpose
a great way to borrow for any purpose
a loan that is an unsecured loan and therefore stands on your ability to repay the loan
an unsecured loan based on your good credit
an unsecured loan requiring only the signature of the applicant and/or spouse, co-applicant, or guarantor
an unsecured personal loan
a simple fixed term loan with regular monthly payments and does not require collateral
a very popular loan because it can be used for any purpose
Unsecured loan backed only by the borrower's signature on an promissory note. No collateral is taken by the lender. These generally are loans to individual with good credit standing who are known by the lending officer. Also known as a good faith loan or character loan. See also Promissory note.
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