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
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Is It Hard to Get a Personal Loan?
Personal loans allow you to borrow a single lump sum, which is repaid over time in monthly installments. The ease of getting one largely depends on your creditworthiness and financial…
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How to Get a Home Improvement Loan
Home improvement loans are a type of personal loan that homeowners can use to complete renovations they can’t finance on their own. Unlike a home equity loan or a home…
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No-Origination-Fee Personal Loans
An origination fee is a one-time upfront fee a lender may charge to process your personal loan application. The cost of this fee varies, but some lenders charge up to…
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How to Prequalify for a Personal Loan
Prequalifying for a personal loan is a step before the official loan application process. At this stage, lenders will assess you as a borrower and give you an estimate of…
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Best Joint Personal Loans
Personal loans are fixed-interest loans that offer consistent monthly payments and flexible spending. You can use the funds for almost any expense. When you have a joint personal loan, you…
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2026 Guide to Personal Loan Eligibility Requirements
Personal loan eligibility requirements influence the loan terms, including interest rates, repayment terms, and the overall cost. By evaluating your credit score and income, lenders determine the risk you pose,…
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Guaranteed Personal Loans: Do They Exist?
Guaranteed personal loans sound like a sure bet, but here’s the catch: They don’t exist. You can get preapproved for a personal loan to find out what terms you might…
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Personal Loan vs. Cash Advance: Which Is Right for You?
If you’re short on cash and just need a little something to tide you over until payday, a cash advance might do the trick. But if you’re looking at a…
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What Is the Highest Legal Interest Rate on a Personal Loan?
Before you take out a personal loan, you should understand its interest rate. After all, the rate you receive will impact your overall cost of borrowing. Ideally, you’d choose the…
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What Are 401(k) Loans, and Should You Get One?
A 401(k) plan allows you to save for retirement on a tax-advantaged basis, with contributions that come straight out of your paychecks. If you need cash to consolidate debt, pay…