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

Loan Calculator

Enter your loan amount, term and interest rate to estimate your monthly payment.

Loan Calculator

Bad Credit Loans

If your credit score needs work or you don’t have credit, you still have options.

Bad Credit Loans

Student Loans

Find a private student loan with the terms and interest rate you’re looking for.

Student Loans

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 rates

How 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

What's new

  • 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 [...]

    May 04, 2018
  • Boat Loans

    Do you enjoy being out on the water, fishing or water skiing? Chances are, if you are looking for a boat, you are looking for a loan to fund part or all of your purchase. A personal loan is a great option [...]

    May 04, 2018
  • Timeshare Financing

    Vacations are one of life’s greatest necessities, and having the option of investing in vacation ownership should be possible. It’s important to take the time to relax, see the world and have the ability [...]

    May 04, 2018
  • Wedding Loans

    When planning for the happiest day of your life, consider a personal loan to finance the many costs a wedding entails. You probably won’t find the term “wedding loan” in any bank brochure or wedding [...]

    May 04, 2018