What is '' signature loan '',and how I can get it?

Question

What is '' signature loan '',and how I can get it?

Answer 1

A signature loan is a loan that is secured by nothing more than a signature - no assets back it up in case of a deliquency. Typically a signature loan carries a higher interest rate because of the additional risk that the lender takes on. Usually the maximum loan amount is 15,000.00 If you are looking for a signature loan and have good credit typically you could get one from your local bank. Otherwise finance companies such as HFC.com or Prosper.com can help if you credit is less than perfect.

Answer 2

It's a loan that is not backed by any assets, or an unsecured loan.

You get one by inquiring with your bank.