Loan Calculator
Determine the monthly payments on a loan
Personal Loans
Personal loans can be useful for many different situations. Whether you are preparing to pay for college, planning a home renovation or need to consolidate your credit card debt, a personal loan can often be the solution to getting the money you need.
Personal Loan Resources
Personal Loan Rates
Compare personal loan rates
Debt Consolidation Loans
Pay off your debt faster with a debt consolidation loan
Bad Credit Loans
See loan options for those with poor credit or no credit
Student Loans
Find a private student loan that works for you
Personal Loans 101
What is a personal loan?
A personal loan is a fixed amount that’s distributed in a lump sum, usually to take care of a one-time payment. Getting an “unsecured” personal loan, with no collateral attached provides some flexibility toward how you use the funds you’re given – unlike a traditional mortgage or auto loan, used for specific purposes.
Read Bankrate’s complete guide on personal loans for everything you need to know.
Personal loan interest rates
Interest rates for personal loans are determined largely by your credit score. Your annual income and the amount you wish to borrow play a role as well. But the rates between lenders will ultimately vary from one to the next.
Compare the latest ratesHow do I get a personal loan?
Similar to a secured loan, obtaining an unsecured personal loan can be done through a bank, credit union, or finance company. But while having a strong credit score can help, you could still be approved for a personal loan even with moderate to bad credit.
Once you have a handle on what your expenses will be, you can begin to put a payment schedule together. Bankrate’s Personal Loan Calculator will help you determine your monthly payments by entering your loan amount, term, and interest rate.
Editor's Picks
Apr 26, 2018
Read More Top 7 signs of a personal loan scam
Follow these cues to avoid falling prey to personal loan fraudsters.
How to get a personal loan
Apr 24, 2018
Where to Get a Personal Loan
Mar 05, 2018
Latest Articles
-
May 31, 2018Personal Loan vs. Credit Card: Dealing with Debt
Too much credit card debt won’t be solved with a personal loan. A budget may be what you need.
- May 31, 2018
The Financial Benefits of Wiping the Slate Clean
It should come as no surprise that a criminal conviction can severely hurt your finances. Background checks don’t just list convictions, either. An arrest can still show up on a potential employer’s [...]
-
May 23, 2018Debt Consolidation Loans
If you find yourself deep in debt, the options for digging yourself out can seem overwhelming. It is easy to fall prey to debt solutions that can put you in an even worse position. Thankfully, for those [...]
-
May 15, 2018Lending Club personal loans: 2018 comprehensive review
Lending Club, the big dog among peer-to-peer lending companies, offers unsecured loans to borrowers with fair to good credit.
-
May 15, 2018Best Egg personal loans: 2018 comprehensive review
Best Egg offers unsecured personal loans to customers with good to excellent credit. catering to borrowers who earn more than $100,000 annually.
- May 14, 2018
How to Finance Aging in Place Renovations: A Fully Accessible Guide
In a 2017 study, AARP found that 95 percent of people ages 65 and older preferred to stay in their own homes as they aged. It’s a process known as aging in place – in which older homeowners retrofit [...]
- May 04, 2018
Swimming Pool Loans
Getting financing for a swimming pool shouldn’t be a hassle, and a personal loan is a great option when looking to finance this type of home improvement. Swimming pool financing typically has very competitive [...]
- May 04, 2018
Solar Financing
Going solar has many benefits – both financial and environmental. Going solar means you could potentially eliminate or reduce your electric bill, increase your property value and protect your household [...]
- May 04, 2018
Unsecured Motorcycle Loans
Motorcycles are a great way to ride along back roads, with the wind in your face. If you are in the market for a new or used bike, a personal loan may be a great option for you. Personal loans allow you [...]
- May 04, 2018
Unsecured RV Loans
RVs and motor homes are a great way to explore the country. Whether you want to take a road trip, a family camping trip or are ready to change your lifestyle and become a full-time RV resident, it is important [...]