Personal Loans

Personal loans can help you consolidate debt, renovate your home, pay for college, and more. Calculate monthly payments and see the latest personal loan rates to find the option that’s right for you.

Personal Loan Info:

What’s a personal loan?

A personal loan is a fixed rate loan offered by many banks, online lenders and credit unions. Some of the uses for a personal loans include making a large purchase, paying off medical bills or consolidate debt. Unlike a secured loan to buy a home or car, personal loans are unsecured. Unsecured loans require no collateral , giving you more flexibility in how you spend the money.

What should I know about interest rates?

Your interest rates for a personal loan is largely based on your credit score. Your annual income as well as the amount you wish to borrow are important, too.

It’s a good idea to compare rates from different lenders to find the best rates available. If you’re seeing rates you don’t like, try lowering the amount you want to borrow or improving your credit score.

Uses of a personal loan

  • Consolidate debt
  • Home improvement
  • Pay medical or dental bills
  • Auto purchases
  • Much more!

How do I get a personal loan?

You can get a personal loan through a bank, online lender or credit union, like an online marketplace lender.

Having good credit helps when applying. Even if your credit score is poor, you might still be able to be approved for a personal loan. But with a lower credit score, you might end up having to pay a higher interest rate.

After you’ve found a lender with an interest rate that works for you, calculate your monthly payments so you can work your loan payment into your overall budget. Simply enter your loan amount, term and interest rate into our Personal Loan Calculator.

Top Personal Loan Aricles