
Personal loan vs. home equity loan: Which is better?
Compare personal loans and home equity loans to see which is best for your finances.
About the author
Katie Lowery is a Bankrate editor on the Loans team, where she shapes content to help people navigate personal loans, auto loans and student loans. She’s passionate about financial literacy and strives to help consumers make informed decisions with their money.
Before joining Bankrate, Katie edited personal finance content at LendingTree and CNN Underscored Money. She has spent more than a decade editing financial and economic content and was the sole editor of several award-winning books. When she’s not exploring the latest lending trends, Katie enjoys knitting, tending to her growing plant collection and traveling with her family. She currently lives outside Austin, Texas.
Katie wants you to know
Borrowing money and managing debt can feel overwhelming, but if you have an understanding of the process and a clear goal in mind, your money can work for you. A great first step is to check your credit score and reports, then focus on improving your credit profile so you’re well positioned to borrow at an affordable rate.
Compare personal loans and home equity loans to see which is best for your finances.
Eloan is an online division of Banco Popular de Puerto Rico. It formerly offered personal loans, but in 2022, it transitioned to an educational platform that aims to teach borrowers the ins and outs of [...]
Marcus by Goldman Sachs no longer offers personal loans.
Figure does not offer personal loans anymore, but here are three alternatives.
You still can snag a personal loan with a low credit score. Here’s how.
A personal loan can help, but there are cheaper ways to bolster your credit score.
Low-income loans exist but great rates are rarer.
Just because a loan is easy to get approved for doesn’t mean it’s the best option.