Pros and cons of personal loans
Personal loans are a quick source of cash, but be careful how you use them.
10 min read
Personal Loans
A personal loan is a great financial tool. It can help you consolidate debt, renovate your home, or even pay for college. Ready to explore if it's right for you? We've got everything you need, right here.
Helpful links
Emergency expense? Big move? A personal loan can help.
Taking on still more debt in pursuit of a goal can sometimes make sense. Here’s when.
Borrowers have a few places to turn to for personal loans. Here’s what to know.
Reviews & tools
Editor's picks
Learn more about personal loans before you apply.
Experts in all things finance
Our expert reporters and editors bring the news and analysis you need—backed by data and firsthand experience.
About Bankrate
Writer and Consumer Lending Analyst
Senior Loans Writer
Senior Loans Writer
Related topics
The latest
If student loans don’t cover everything you need as a college student, a personal loan might be an option.
Understanding your options and finances are key to getting a home improvement loan.
Buying or renting a boat depends on your wants, needs and financial situation when both options have pros and cons.
You’ll need excellent credit and good finances to qualify.
Credit-building products can help you establish a healthier credit score.
Emergency expense? Big move? A personal loan can help.
If you need an RV loan to pay for your recreational vehicle, you need to meet certain qualifications to find a lender.
Learn tips on how to pay off wedding debt.
The trusted provider of accurate rates and financial information