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personal loan

personal loan

7 2.6
Money a bank gives a person for personal use that must be paid back with extra money
  • noun
  • /ˈpɜrsənl loʊn/
  • Specialized
translation icon : préstamo personal
  • Last year, she secured a personal loan to consolidate her credit card debt.
  • an unsecured personal loan
  • took out a personal loan

Then of course, then I go and I, I get personal loans from several banks.

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Examples

  • I needed some funds for my vacation, so I decided to apply for a personal loan.

  • Many people turn to a personal loan when they need to cover unexpected expenses.

  • I had to take out a personal loan.

  • I took out a personal loan for two weeks.

  • - Of course you could always go to a bank and ask for a personal loan.

  • Getting a bad credit personal loan is one way to pay off your debt.

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  • I tried to get a personal loan from a bank, but no deal.

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  • Are you someone who is in need of a personal loan?

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  • There are other options for personal loans beyond your bank or credit union.

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  • He got a personal loan for a food truck.

Synonyms

loan
vspersonal loan
2.0

An amount of money borrowed from a bank that must be paid back with interest

is restricted to individual, non business borrowing and often unsecured
consumer loan
vspersonal loan
  • Specialized
2 3.2

Money that a person borrows for personal or family costs and repays with interest

is limited to individual personal use rather than family or business purposes

How Big

personal loan
  • Specialized
7 2.6
microloan
  • Specialized
1 3.6

Surface Forms

personal loan singular

Morphology

personal + loan

The meaning 'a loan for personal use' is directly and transparently derived from combining 'personal' (relating to an individual) with 'loan' (an amount borrowed). The adjective + noun composition follows regular English semantics and is cross-linguistically common, so a B1 learner who knows both constituents will readily infer the MWE's meaning.

Etymology

Personal loan comes from the simple image of a bank giving money directly to a person to pay private costs, not to a business. The word personal shows it is for someone's own needs and the word loan shows the money must be paid back, so the phrase means a loan for an individual's 'personal use'.