Consumer Loan
 

A Consumer Loan is a loan that banks offer to customers to buy household goods and appliances and even personal devices. These include television sets, air-conditioners, home theatre systems, refrigerators, laptops, mobile phones, cameras and even modular kitchens.

A consumer loan is a credit type offered to customers to aid them in financing only specific expenditures. Consumer loans are mortgages, credit cards, auto loans, education loans, refinance loans, home equity loans, and personal loans