consumer loan
Definition
Money loaned to individuals (usually on non-secured basis) for personal, family, or household purposes; as opposed to business or commercial lending. Consumer loans are monitored by government regulatory agencies for their compliance with consumer protection regulations such as the 'truth in lending' law. Also called consumer credit or consumer lending.
email to a friend
print this definition
cite this definition
link to this page
consumer loan is in the Banking, Commerce & Finance subject.
consumer loan appears in the definitions of the following terms:
non-accrual loan,
plain language law,
consumer credit,
truth in lending,
lagging indicators,
personal loan,
annual percentage rate (APR),
kicker,
consumer lending,
retail banking
and
This content can be found on the following page:
http://www.businessdictionary.com/definition/consumer-loan.html