Definitions for "signature loan"
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.
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