How does a Personal Signature Loan work?
Personal signature loan is granted to borrowers by a lending institution, such as a bank or credit union, that allows the signature of the borrower and their word, or promise, of repayment to secure the agreement. Personal signature loan is only granted to borrowers with an exceptional credit history, not just like these loans that are available even for borrowers with bad credit, and can prove that they can effectively manage debt. Managing debt includes the use of credit as a tool and repaying the credit in a reasonable amount of time. It is not necessary to have zero debt, but that the existing debt shows no signs of default, and is not larger than 20% of the borrowers credit limit.
A Zions Bank personal loan can help pay for household goods, unexpected expenses or any personal need. An unsecured loan allows you to borrow without collateral. Your loan amount will be based on your income and ability to repay. Customers who use the AutoPay feature will receive a 0.25% discount on the loan rate. Customers who have a Zions Bank Gold account will receive an additional 0.25% discount on the loan rate. You can choose either a fixed or variable rate loan option.
