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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:

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...

How to Prequalify for a Personal Loan

Securing a personal loan can help if an unexpected cost arises, you want to consolidate high-interest debt, or you’re planning a home improvement...

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...

Personal Loan Requirements

If you’re researching personal loan requirements, you’re likely seeking financial support. You may need funds to get high-interest-rate debt under control, cover sudden...

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...

Personal Loan vs. Cash Advance

A personal loan is an installment loan that offers borrowers relatively quick access to cash, a lower interest rate than a credit card,...

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,...

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...

Why You Need a Personal Loan Agreement Between Family Members or Friends

Borrowing money from family or friends can be a terrific alternative to traditional loans, offering...

Easiest Personal Loans to Get in 2024

Personal loans are an incredible financial resource, especially when you need money you don’t have—and fast. Personal loans make funding life’s expenses easier,...