Personal Loans
Learn more about how personal loans work & what you can use them for, see our picks for the best personal loan lenders, and read reviews of the top lenders in the industry.
Featured post
See our editorial team’s picks for the best personal loans.
How personal loans work
Personal loans don’t often seem complicated, but you should understand several specific terms before you apply for one.
Personal loan uses
You can use personal loans for almost anything, including paying off debt and home improvements.
Personal loans by credit range
Your credit score is critical in determining eligibility for a personal loan. Before applying, check your credit score to determine whether your credit is excellent, good, fair, or poor. Compare companies that lend to borrowers in your credit range to boost your chances of approval.
Personal loan reviews
If you’re considering applying for a personal loan through a specific company, you should understand how that company operates and the repayment terms.
- SoFi Personal Loans Review
- LightStream Personal Loans Review
- Upgrade Personal Loans Review
- Upstart Personal Loans Review
- List of Personal Loan Companies
All personal loan articles
-
How to Get a $70,000 Personal Loan
Personal loans are installment loans that you make monthly payments toward throughout the loan term, usually between 24 and 60 months. Personal loans offer maximum flexibility since you can use…
-
How to Get a $60,000 Personal Loan
Personal loans are fixed-rate monthly installment products. You can use a $60,000 personal loan for just about any legal reason, including debt consolidation or emergencies. If you’re looking for a…
-
How to Get a $10,000 Personal Loan
A $10,000 personal loan can help you reach many goals, whether you want to refinance high-interest credit card debt, or renovate your bathroom. Not all loans are created equal, though,…
-
How to Get a $25,000 Personal Loan
Personal loans let you borrow a lump sum of cash, which you repay with interest in monthly installments. Minimum loan amounts may be as low as $1,000, and the maximum…
-
Are Personal Loans Variable or Fixed Rate?
Personal loans can help you pay for various expenses, from unexpected medical bills to surprise home repairs. These loans often have lower rates than credit cards, making them a better…
-
Is a Personal Loan a Good or Bad Idea? 12 Pros and Cons to Consider
Personal loans offer quick cash, flexible use, and no collateral requirements, but they can carry high fees, affect your debt-to-income ratio, and encourage impulse spending. They’re a good idea if…
-
Driveway Paving Financing Options
Driveway financing may be the key to repaving your driveway and increasing your home’s value. We explored several financing options to get the job done.
-
Is a Personal Loan an Installment or Revolving Credit?
Personal loans are considered installment credit rather than revolving credit because they involve borrowing a set amount of money and repaying it in regular installments over a predetermined period. Unlike…
-
Average Personal Loan Interest Rates
When you get a personal loan, odds are you’ll pay back more than you borrow. You can thank interest for that. Interest is the cost of borrowing money, and interest…
-
What’s a Good Rate for a Personal Loan?
If your car were to break down tomorrow, how would you cover the repairs? Or what if you found an amazing summer camp for your kids, but the cost was…