Personal Loan Resources
Debt Consolidation Loans
Pay off your debt faster by combining multiple debts into a single loan.
Bad Credit Loans
If your credit score needs work or you don’t have credit, you still have options.
Home Improvement Loans
Find a home improvement loan with the terms and interest rate you’re looking for.
Personal Loans 101
What's a personal loan?
A personal loan is a fixed-amount loan that’s distributed as a lump sum. Most people take out personal loans to make a large purchase, pay off medical bills or consolidate debt. Unlike a secured loan to buy a home or car, personal loans are “unsecured.” Unsecured loans are offered with no collateral attached, giving you more flexibility in how you spend the money.
What should I know about interest rates?
Interest rates for personal loans are largely determined by your credit score. Your annual income and the amount you wish to borrow are important, too.
It’s a good idea to compare rates from different lenders to find the best deal. If you’re not seeing the rate you want, try lowering the amount you want to borrow or improving your credit score.
Top uses for a personal loan
- Consolidate debt
- Pay off credit cards
- Home improvements