A loan which is given for the purpose of establishing a payment history. a loan that is held in an escrow account by the lender until the loan is paid in full or in part (to be determined by the lender). The loan may be held in different types of accounts chosen by the lender. length of payment term and interest rate will be determined by lender. A loan that is secured by the loan amount itself, regardless of the manor and/ or type of account it is secured in.