What is a signature loan and what does it include?

Learn about signature loans and how, when and if to use them.

A signature loan — sometimes known as a “good faith loan” or “character loan” — is a fixed-rate personal loan backed by the borrower’s signature as the promise to pay. Banks and financial companies offer signature loans if they deem the borrower has enough income and a good credit history. The interest rates on this type of loan are typically higher than other forms of credit due to the lack of collateral. Learn more about signature loans and when you might consider using one.

What to know about signature loans.

Make sure you talk with legal counsel before making any financial decisions about signature loans.

Explore your money options.

Learn more about how you can use Acrobat Pro with e-sign to simplify your electronic banking and securely manage your loans.