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08:19 Feb 3, 2009
Croatian to English translations [PRO] Bus/Financial - Finance (general)
Croatian term or phrase:nenamjenski kredit
uzeti zajam ili namjenski kredit čiji iznos prelazi...
I wrote this in the description field, "also known as a personal loan"...An unsecured loan is a loan that is not backed by collateral. Also known as a signature loan or personal loan.
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Explanation: ...an unsecured (or personal) loans provider will base their decision on granting you a personal loan by using your personal credit history. This is verified by a credit check to determine your credit rating...
...An unsecured loan is a loan that is not backed by collateral. Also known as a signature loan or personal loan.
Unsecured loans are based solely upon the borrower's credit rating. As a result, they are often much more difficult to get than a secured loan, which also factors in the borrower's income... (www.wikipedia.org)