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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.
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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.
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Mar 24, 2019
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Jun 09, 2017Payoff personal loans: 2018 comprehensive review
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Jun 09, 2017Pave personal loans: 2018 comprehensive review
Pave personal loans are ideal for borrowers who have limited credit history, but solid earning potential.
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NetCredit primarily focuses on lending to those whose credit might not qualify them for a traditional loan and offers fixed-rate unsecured loans at a wide range of rates.
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May 02, 2017Discover personal loans: 2018 comprehensive review
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May 02, 2017Prosper personal loans: 2018 comprehensive review
Prosper is a personal loan pioneer. The company, which became the first firm to enter the peer-to-peer lending arena when it launched in 2006, offers unsecured loans to customers with fair to excellent [...]
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Jan 03, 2017Do personal loans and bad credit mix?
You can still get a personal loan with bad credit, but you may face tougher requirements.
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Aug 25, 2016The 10 states with the most personal loan debt
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