Personal Loans
Learn more about how personal loans work, what you can use them for, compare our picks for the best personal loan lenders, and read reviews of the top lenders in the industry.
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.
- Timeshare Loans
- Loans Using Your Car as Collateral
- Loans That Accept Chime
- Legal Loans
- Long-Term Personal Loans
- Home Improvement Loans
- Debt Consolidation Loans
- Medical Loans
- What Can a Personal Loan Be Used For?
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 lender 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.
- Credible Personal Loans Review
- Upstart Personal Loans Review
- Prosper Personal Loan Review
- SoFi Personal Loans Review
- LightStream Personal Loans Review
- Upgrade Personal Loans Review
All personal loan articles
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Personal Loans With No Prepayment Penalty
Loan prepayment is when a borrower pays off an installment loan ahead of the schedule set by the lender. Some lenders charge a prepayment penalty, either as a percentage of…
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Signature Personal Loans
A signature loan is an unsecured personal loan, meaning no collateral is required, only your John Hancock (plus a strong income and credit history). Keep reading to learn about signature…
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Personal Loan Insurance
Personal loan insurance is a type of credit insurance that offers financial protection in the event that you can’t make payments due to a serious financial hardship. In particular, coverage…
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How to Find the Cheapest Personal Loan
Personal loans offer maximum flexibility, but borrowing money costs money. The interest rate, loan terms, and fees impact how much you pay for the loan. Total interest charges—how much interest…
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Should You Use Personal Loans for Rent?
Borrowers can use personal loans for nearly any expense, including rent. As rent prices continue to surge, you might consider a personal loan to cover the cost of rent, especially…
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It’s Not Hard to Get a Personal Loan (Even If You Have Fair Credit)
Getting a personal loan isn’t hard if you have good or better credit and a steady income; getting a personal loan with even a fair credit score isn’t off the…
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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…