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Personal Loans
Personal loans can help you consolidate debt, renovate your home, pay for college and more. Calculate monthly payments and see the latest personal loan rates to find the option that’s right for you.
Personal Loan Resources
Personal Loan Rates
Get personalized loan rates based on your zip code, credit score and income.
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.
Read Bankrate’s complete guide on personal loans.
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.
Compare the latest ratesHow do I get a personal loan?
You can apply for a personal loan through a bank, credit union or finance company, including online marketplace lenders.
It helps to have a strong credit score before you apply. If your credit needs work, you could still be approved for a personal loan. But with moderate to bad credit, you may end up paying a higher interest rate.
Once you’ve found a lender and interest rate that look right for you, calculate your monthly payments so you can work your loan payment into your overall budget. Simply enter your loan amount, term and interest rate into our Personal Loan Calculator.
Editor's Picks
Feb 14, 2019
Read More Loans for bad credit
Bad credit should not keep you from a personal loan. Check out Bankrate’s bad credit loan options and learn how you can get a personal loan with bad credit.
How to get a personal loan
Jan 25, 2019
How to get a debt consolidation loan with bad credit
Jan 22, 2019
Get a personal loan today
Jan 17, 2019
What's new
- Feb 14, 2019
Loans for bad credit
Bad credit should not keep you from a personal loan. Check out Bankrate’s bad credit loan options and learn how you can get a personal loan with bad credit.
- Jan 29, 2019
Home improvement loans
Whether you’re looking to buy, sell, or stay in your home, you may be considering a home improvement project. And while renovations can help increase the equity of your home, and add a personal touch, [...]
- Jan 25, 2019
How to get a personal loan
Consumers have a number of places to turn to for a personal loan. Here’s what to know.
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Jan 23, 2019Personal loans interest rate forecast for 2019: Attractive rates should stick around
Consumers with good credit should be able to find a fair interest rate on a personal loan in 2019.
- Jan 22, 2019
How to get a debt consolidation loan with bad credit
If you plan to get a personal loan to rid yourself of bills, take these steps to do it.
- Jan 17, 2019
Get a personal loan today
Even if SoFi doesn’t offer you the best rate, the perks of being a SoFi member may make up for it.
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Jan 11, 2019SoFi Personal Loans: 2019 Comprehensive Review
SoFi was founded in 2011 and offered student loan refinancing to recent graduates with above-average incomes and short credit histories. The lender mortgages and personal loans. as well.
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Jan 10, 2019These lenders are offering personal loan relief to workers affected by the government shutdown
Federal workers may be eligible for waived late fees or payment deferrals.
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Jan 10, 2019A primer on taking out a personal loan to buy a timeshare
Loans for timeshares are different from mortgages. Here’s what to know before buying.
- Jan 04, 2019
Other uses for personal loans
See below for other uses for personal loans: Financing Fertility Treatments Andy Bowen March 9, 2018 in Personal Loans Only a few states mandate health insurance coverage for major fertility treatments [...]