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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:

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...

How to Get a $10,000 Personal Loan

Personal loans are unsecured loans that don’t require collateral, which means they aren’t tied to your property, such as a house or car....

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...

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...

Pros and Cons of Personal Loans

Personal loans are financial products providing individuals with lump-sum funds for many purposes. They are often unsecured and repaid over a fixed term...

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...

Is a Personal Loan an Installment or Revolving Credit?

Personal loans are considered installment credit rather than revolving credit because they involve borrowing a...

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...

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...

What Can Be Used As Collateral for a Personal Loan?

Many people think of personal loans as unsecured loans—loans you can get based on your...