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Automobile Loan (Noun)

Meaning

A personal loan to purchase an automobile.

Classification

Nouns denoting possession and transfer of possession.

Examples

  • The bank provided her with an automobile loan to buy her dream car.
  • His automobile loan had an extremely low interest rate due to his excellent credit history.
  • When comparing lenders for an automobile loan, you should also consider their insurance options.
  • Applying for an automobile loan can be done online and some lenders provide instant pre-approval.
  • An automobile loan with a long repayment term may result in more paid interest over the years.

Synonyms

  • Car Loan
  • Auto Loan

Hypernyms

  • Consumer Loan
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