Loan Calculator
Enter your loan amount, term and interest rate to estimate your monthly payment.
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.
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 ratesTop uses for a personal loan
- Consolidate debt
- Pay off credit cards
- Home improvements
Read more about the top 9 reasons for personal loans.
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.
Compare personal loan rates at Bankrate today.
Editor's Picks
Dec 10, 2019
Read More 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.
What is debt consolidation?
Nov 25, 2019
6 ways to improve your home’s value
Nov 22, 2019
Best home improvement loans in 2019
Nov 12, 2019
What's new
-
May 03, 2019Where to get a personal loan
Your credit score could determine the type of lender you should choose for a personal loan.
-
Dec 03, 2019When and how to refinance a personal loan
If you’re thinking about refinancing a personal loan, check these factors first.
-
Oct 09, 2019Personal loan origination fees
The interest rate alone doesn’t necessarily tell the whole story about what you owe.
-
Mar 01, 2018What are my options for taking out an unsecured personal loan?
There’s more than one way to borrow money without offering collateral. Here are your choices.
-
Apr 10, 2019Is peer-to-peer lending similar to a bank’s personal loan?
P2P lending has similarities to and differences from bank lending. Here’s what to know.
-
Mar 01, 2018Choosing among a personal loan, payday loan or pawnshop
You have several choices for borrowing. We compare 3 less conventional options.
-
Mar 01, 2018Personal Loans 101: Everything you need to know
Before seeking a personal loan, learn the essentials of this popular type of lending.
-
Mar 01, 2018Is a personal loan right for you?
When you have to cover a large expense, a personal loan could be just what you need.
-
Sep 27, 2019Share secured loans: Building good credit
With flexible terms and lower rates, this tool can be a good fit for credit newbies.
-
Dec 11, 2019What is a TSP Loan?
TSP loans can help federal employees cover big expenses.