SIC Code 6141-08 - Loans-Personal

Marketing Level - SIC 6-Digit

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SIC Code 6141-08 Description (6-Digit)

Loans-Personal is a subdivision of the Personal Credit Institutions industry, which provides unsecured loans to individuals for personal use. These loans are typically used for expenses such as home improvements, medical bills, or debt consolidation. Personal loans are different from other types of loans, such as auto loans or mortgages, because they do not require collateral. Instead, lenders rely on the borrower's creditworthiness to determine whether or not to approve the loan. Personal loans can be obtained from banks, credit unions, or online lenders.

Hierarchy Navigation for SIC 6-Digit Code 6141-08

Parent Code (less specific)

Tools

  • Credit score calculators
  • Loan calculators
  • Debt consolidation calculators
  • Online loan applications
  • Electronic signature software
  • Credit monitoring services
  • Budgeting software
  • Loan comparison websites
  • Loan origination software
  • Loan servicing software

Industry Examples of Loans-Personal

  • Debt consolidation loans
  • Home improvement loans
  • Medical expense loans
  • Wedding loans
  • Vacation loans
  • Moving loans
  • Educational loans
  • Emergency loans
  • Adoption loans
  • Green energy loans

SIC Code 6141-08 - Loans-Personal

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