---
title: "Signature loan: definition | Desert Rock Capital"
url: "https://www.desertrockcapital.com/glossary/signature-loan"
description: "A signature loan is an unsecured personal loan approved on the customer's income, profile, and signature rather than any collateral."
---

Loan types

# Signature loan
All lending terms
Definition

A signature loan is an unsecured personal loan approved on the customer's income, profile, and signature rather than any collateral. The customer's written promise to repay is the only security behind it.

A signature loan is a type of unsecured personal loan. Because no asset is pledged, the lender relies on the customer's income, repayment history, and signed promise to repay instead of a car, home, or other collateral. Signature loans are commonly small to mid sized and are repaid in fixed installments over a set term, with each payment covering part of the interest and part of the principal. They are sometimes called good-faith loans or character loans. Approval and pricing are set by the individual lender's criteria and the customer's profile. Related concepts include the unsecured loan, the installment loan, and the personal loan.

Source: [Wikipedia](https://en.wikipedia.org/wiki/Unsecured_debt). This definition is general educational information, not legal or financial advice.
Related

- [Signature loans](/services/signature-loans)
- [Personal loans](/services/personal-loans)
- [Unsecured personal loans](/services/unsecured-personal-loans)
- [Compare: vs. a title loan](/compare/title-loan)
Back to the Lending Glossary
More in
Loan types
Installment loan
Personal loan
Unsecured loan
Secured loan
Payday loan
Borrow with clarity

## Terms in writing, before you sign.

Desert Rock Capital is a licensed Utah lender with no credit check and no collateral. Apply online or visit a branch in Salt Lake City, Orem, or St. George, and get a straightforward decision, usually in about 30 minutes.
See if you qualify