What is another word for consumer loan?
Pronunciation: [kənsˈuːmə lˈə͡ʊn] (IPA) 
A consumer loan is a type of loan that is taken out by individuals for personal use, such as buying a car, paying off credit card debt, or financing a home renovation. There are several different synonyms that can be used to refer to a consumer loan, including personal loan, unsecured loan, signature loan, and installment loan. Personal loans are often unsecured, meaning that they do not require collateral, while secured loans are backed by collateral, such as a car or a house. Signature loans and installment loans are also types of personal loans, with installment loans being repaid over a set period of time in regular installments.
