Personal Loans

Access fast, flexible funding for any purpose with competitive rates and convenient terms. Get the money you need without the hassle.

What is a Personal Loan?

A personal loan is an unsecured loan that provides you with a lump sum of money for virtually any purpose. Whether you need to cover unexpected expenses, make a major purchase, consolidate debt, or fund a home improvement project, personal loans offer flexible financing with fixed rates and predictable monthly payments.

Unlike credit cards, personal loans have fixed interest rates and set repayment terms, making it easier to budget and plan. With loan amounts ranging from $1,000 to $100,000 and repayment terms of 1-7 years, you can find a loan that fits your needs and financial situation.

Benefits of Personal Loans

Fast Funding

Get approved quickly and receive funds in as little as 24 hours.

Fixed Interest Rates

Enjoy predictable monthly payments with rates that won't change over time.

No Collateral Required

Most personal loans are unsecured, so you don't need to risk your assets.

Flexible Use

Use the funds for any purpose - debt consolidation, home repairs, medical bills, or major purchases.

Build Credit

Making on-time payments helps improve your credit score over time.

Lower Rates than Credit Cards

Personal loans often offer significantly lower interest rates than credit cards.

Compare Top Personal Loan Lenders

Find the best personal loan for your needs. Compare rates, terms, and benefits from our trusted lending partners.

Lender Rating APR Range Loan Amount Funding Speed Action
SoFi ★★★★★ 8.99% - 29.99% $5,000 - $100,000 1-7 business days Call Now Get Quote
LightStream ★★★★★ 7.49% - 25.99% $5,000 - $100,000 Same day funding Call Now Get Quote
Marcus by Goldman Sachs ★★★★★ 7.99% - 24.99% $3,500 - $40,000 1-3 business days Call Now Get Quote
Discover Personal Loans ★★★★☆ 7.99% - 24.99% $2,500 - $40,000 1 business day Call Now Get Quote
Upstart ★★★★☆ 6.50% - 35.99% $1,000 - $50,000 1 business day Call Now Get Quote
Prosper ★★★★☆ 8.99% - 35.99% $2,000 - $50,000 3-5 business days Call Now Get Quote
Upgrade ★★★★☆ 8.49% - 35.99% $1,000 - $50,000 1 business day Call Now Get Quote
Best Egg ★★★★☆ 8.99% - 35.99% $2,000 - $50,000 1 business day Call Now Get Quote

How to Get a Personal Loan

1

Check Your Credit

Review your credit score and determine how much you need to borrow.

2

Compare Lenders

Shop around for the best rates and terms from multiple lenders.

3

Submit Application

Complete the application process with your chosen lender.

4

Review Loan Terms

Carefully review the loan agreement, including APR, fees, and repayment schedule.

5

Receive Funds

Once approved, receive your funds quickly, often within 1-2 business days.

Frequently Asked Questions

What can I use a personal loan for?

Personal loans can be used for almost any purpose, including debt consolidation, home improvements, medical expenses, major purchases, weddings, vacations, moving expenses, or emergency costs.

What credit score do I need for a personal loan?

While requirements vary by lender, most personal loans require a minimum credit score of 580-600. Better credit scores typically qualify for lower interest rates and better terms.

How quickly can I get a personal loan?

Many online lenders offer same-day or next-day funding after approval. Traditional banks may take several business days to disburse funds.

What's the difference between secured and unsecured personal loans?

Unsecured personal loans don't require collateral and are based on your creditworthiness. Secured loans require collateral (like a car or savings account) and typically offer lower rates.

Are there fees for personal loans?

Some lenders charge origination fees (typically 1-8% of the loan amount), late payment fees, or prepayment penalties. Always review the fee structure before accepting a loan.

Can I pay off my personal loan early?

Most lenders allow early repayment, but some charge prepayment penalties. Check your loan agreement for any early payoff fees before making extra payments.

Ready to Get Your Personal Loan?

Compare personalized rates from top lenders and get the funding you need with flexible terms.

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