Personal Loans

It’s true that not everyone has enough money saved up to cover an unexpected expense. If you ever find yourself in this situation, you may consider options like asking your friends or family for help; however, in the end, you may not find the help you need. Under such circumstances, a personal loan could be…

Anyone can apply for a personal loan to meet their short-term capital needs. The types of personal loan options available to a borrower an unsecured loan, secured loan, fixed and variable rate loan, and a line of credit. Each type is designed to meet the different needs of a borrower.   Unsecured Personal Loans These…

Consumers can use personal loans for a variety of things. For starters, they can use the money to pay for their children's college tuition fees or a home improvement project. Since the borrower has complete discretion on how they are going to use the money, the loan can be used for virtually anything the borrower…

One of the most profitable businesses today is money-lending. This is because there are millions of people around the country who need personal loans. To meet the demand for personal loans, thousands of lenders have come up over the years. However, all these lenders are not the same. Some of them have a nationwide reach…

A personal loan differs from other forms of lending products because it is not backed by a security, and yet is still designed to reduce the risk for the lender. It differs from other forms of structured loans because the lender does not have the ability to recover its money by selling a specific asset.…

Personal loan rates can vary greatly from one lender to the next. Institutions like credit unions, banks, and well-known lending institutions are places people are most likely to seek out personal loans. While credit unions tend to offer better rates, there are several other factors that determine personal loan rates. The loan amount, credit history,…

If you have ever approached your bank or credit union for a personal loan, you probably know just how time consuming and inconvenient the process can be, often taking several days for your loan application to be processed. And approval isn't exactly guaranteed, especially if your credit score isn't as high as you would like…

If you’re finding it difficult to meet your monthly obligations, are behind on your utility bills, or need emergency funding, then getting a personal loan may be your way out. The main distinction between personal loans and other types of loans is that personal loans generally do not require collateral. While getting a personal loan…

Personal loans can be used for a variety of things. You can take out a personal loan to make home improvements, pay off medical bills, consolidate your credit card bills to one payment with a lower interest rate, or take a vacation. If you are thinking about taking out a personal loan, you are going…

Personal loans are typically an unsecured form of credit that fill the gap between secured loans and credit cards. With a secured loan, you pledge an asset as collateral on the loan. For example, when you borrow money to buy a new car, you will typically pledge the car as collateral on a secured loan.…