small loans
Modest borrowed sums
Small loans are relatively modest sums of money borrowed and repaid over a short period, typically ranging from a few hundred to a few thousand dollars.
The term often appears in discussions of payday lending, microfinance, or credit union offerings: She took out a small loan to cover car repairs.
Small loans may carry higher interest rates than larger loans because fixed administrative costs spread across a smaller principal.
- credit unionMember-owned financial cooperative
- quick cashRapidly obtained funds
- advanceMove or progress forward
- unsecured loanDebt lacking pledged property
- personal loanUnsecured individual borrowing
bad credit · credit check · gig worker · low income · installment loan · entrepreneur · bridge loan · poverty alleviation · financial hardship · making ends meet · tight budget · revolving credit · cooperative bank · emergency funds · peer-to-peer lending · overdraft protection · APR · debt trap
- loansloan, lend, borrow, auto loan, home loan
- loan termsinterest rate, loan term, short-term, long-term, adjustable rate
- microfinancemicrocredit, microloans, group lending, self-help groups, loan officers
- Banking Accessbank accounts, checking accounts, savings accounts, mobile banking, online banking
- business taxestax returns, tax filing, tax deductions, deductions, taxable income
- Consumer Creditcredit cards, credit score, credit scores, interest rates, revolving credit
small loansmortgages
Loans secured by property
bonds · corporate bonds · secured loans · debentures · home loans