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Stock Photo: Signature Loans

ID 247936919 © Clewisleake | Megapixl.com

A signature loan is a type of unsecured personal loan. Sometimes called a “good faith” or character loan, it gets its name from the fact that lenders only use the borrower’s signature and a promise of repayment as collateral for the loan.

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bank borrow borrowers character collateral fact faith finance financing fund funding funds good interest lender lenders loan loans money personal promise repayment signature type unsecured yield

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