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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How to Get an $80,000 Personal Loan
Personal loans are an easy way to cover big expenses fast. Whether you have emergency medical bills, want to renovate your kitchen, or hope to splurge on your wedding, your…
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How to Get a $40,000 Personal Loan: 5 Best Lenders
Personal loans allow you to borrow a lump sum and repay it over a set term with interest. Qualifying for a personal loan often depends on your credit scores and…
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How to Get a Personal Loan After Bankruptcy: Lenders That Work With Chapter 7 and 13
Personal loans let you borrow a lump sum of cash to meet financial needs or goals. You might consider getting a personal loan after bankruptcy if you’re hoping to rebuild…
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Is Debt Consolidation a Good Idea? Pros, Cons, and When It Makes Sense
A debt consolidation loan can make your debt feel easier to manage. Instead of juggling several bills, you roll everything into one personal loan with one monthly payment. If the…
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How to Get a $70,000 Personal Loan
Personal loans are installment loans that you make monthly payments toward throughout the loan term, usually between 24 and 60 months. Personal loans offer maximum flexibility since you can use…
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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 or emergencies. If you’re looking for a…
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How to Get a $10,000 Personal Loan
A $10,000 personal loan can help you reach many goals, whether you want to refinance high-interest credit card debt, or renovate your bathroom. Not all loans are created equal, though,…
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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 as low as $1,000, and the maximum…
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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 than credit cards, making them a better…
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Is a Personal Loan a Good or Bad Idea? 12 Pros and Cons to Consider
Personal loans offer quick cash, flexible use, and no collateral requirements, but they can carry high fees, affect your debt-to-income ratio, and encourage impulse spending. They’re a good idea if…