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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.

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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.

Latest on personal loans:

Line of Credit vs. Personal Loan

A personal line of credit gives you ongoing access to cash that you can borrow when you need. A personal loan gives you...

GreenSky Home Improvement Loans Review

The GreenSky home improvement loan acts as a line of credit, and borrowers can use as much or as little as they need....

Hot Tub Financing: Compare Your Options

Hot tubs can be expensive, but you can finance one with a personal loan or by leveraging your home equity.

Best Egg vs. Upstart: Personal Loan Comparison

Searching for a personal loan? This Best Egg vs. Upstart comparison will help you determine...

LendingClub vs. Prosper: Personal Loan Comparison

Searching for a personal loan? This LendingClub vs. Prosper personal loan comparison will show you...

SoFi vs. Prosper: Personal Loan Comparison

Both SoFi and Prosper offer personal loans to creditworthy borrowers, but the way they fund those loans is different. Learn more in this...

Long-Term Personal Loans

Long-term personal loans can offer more flexibility with your monthly payment amount, but typically cost more than a short-term loan. With a longer...

Personal Loan Limit: How Much Can I Borrow?

The maximum personal loan amount you can borrow depends on your credit history, income, and the lender you choose. Borrowers should only take...

RISE Credit Loans Review

RISE Credit specializes in installment loans for consumers with poor credit. While RISE loans may be more accessible to specific consumers, they come...

Balance Credit Personal Loans Review: Beware of High Rates

Balance Credit offers unsecured personal loans to consumers in select states. While these loans can...