A Personal Loan can offer funds relatively quickly once you qualify you could have your funds within a few days to a week. A loan can be fixed for a term and rate or variable with fluctuating amount due and rate assessed, be sure to speak with your loan officer about the actual term and rate you may qualify for based on your credit history and ability to repay the loan. A personal loan can assist in paying off high-interest rate balances with one fixed term payment, so it is important that you try to obtain a fixed term and rate if your goal is to reduce your debt. Some lenders may require that you have an account with them already and for a prescribed period of time in order to qualify for better rates on their personal loan products. Lenders may charge an origination fee generally around 1% of the amount sought. Be sure to ask about all fees, costs and terms associated with each loan product. Loan amounts of $1,000 up to $50,000 are available through participating lenders; however, your state, credit history, credit score, personal financial situation, and lender underwriting criteria can impact the amount, fees, terms and rates offered. Ask your loan officer for details.
As of 14-Mar-24, LendingTree Personal Loan consumers were seeing match rates as low as 6.99% (on a $5000 loan amount for a term of three (3) years. Rates and APRs were based on a self-identified credit score of 700 or higher, zero down payment, origination fees of $0 to $100 (depending on loan amount and term selected). Here are some examples of matches consumers were receiving during this time period:
Loan Amount | Loan Term (Years) | Rate | APR | Origination Fee | Estimated Fixed Monthly Payment* |
$1,000 | 3 | 7.22% | 8.49% | $18.50 | $30.98 |
$5,000 | 3 | 6.99% | 6.99% | $0.00 | $154.36 |
$5,000 | 5 | 8.99% | 8.99% | $0.00 | $103.77 |
$10,000 | 3 | 7.99% | 7.99% | $0.00 | $313.32 |
$10,000 | 5 | 8.99% | 8.99% | $0.00 | $207.54 |
$15,000 | 3 | 6.99% | 6.99% | $0.00 | $463.09 |
$15,000 | 5 | 8.99% | 8.99% | $0.00 | $311.30 |
$20,000 | 3 | 6.99% | 6.99% | $0.00 | $617.45 |
$20,000 | 5 | 8.99% | 8.99% | $0.00 | $415.07 |
$25,000 | 3 | 6.99% | 6.99% | $0.00 | $771.81 |
$25,000 | 5 | 8.59% | 8.59% | $0.00 | $514.05 |
$30,000 | 3 | 6.99% | 6.99% | $0.00 | $926.18 |
$30,000 | 5 | 8.99% | 8.99% | $0.00 | $622.61 |
$35,000 | 3 | 6.99% | 6.99% | $0.00 | $1080.54 |
$35,000 | 5 | 7.99% | 7.99% | $0.00 | $709.51 |
$50,000 | 3 | 8.49% | 8.49% | $0.00 | $1578.15 |
$50,000 | 5 | 9.49% | 9.49% | $0.00 | $1049.85 |
*Rates and APR assume fixed rate for the term of the loan may not be available for all consumers, ask your lender for a fixed rate quote.
Here’s how it can work:*
Example 1: A $10,000 loan with a 5-year term at 13% Annual Percentage Rate (APR) would be repayable in 60 monthly installments of $228 each. The actual payment amount and year-end balance will vary based on the APR, loan amount, and term selected.
Example 2: A $25,000.00 secured personal loan financed for 60 months at an interest rate of 8.500% would yield an APR* (Annual Percentage Rate) of 8.496% and 59 monthly payments of $512.87 and 1 final payment of $513.24.
*These examples are for illustrative purposes only. The examples and match rates are not a guarantee, agreement, or commitment to loan funds or extend credit. Interest rates and terms are subject to change at any time without notice. Loans are not available in all states at all requested amounts. All loan applications are subject to credit approval by the lender(s) with whom you are matched. LendingTree, LLC does not offer, extend, or alter credit terms it merely connects you with lenders who can perform such activities. When LendingTree obtains your instruction to do so, LendingTree and its lender partners may review your credit history in connection with such activities, in compliance with the Fair Credit Reporting Act. Rate, terms and fees will be based on your individual credit history and underwritten by the lender NOT LendingTree. All Equal Credit Opportunity Act requirements are adhered to and each lender will provide you with all required disclosures. Request all fees, terms, and rate information from the participating lender as LendingTree, LLC does not receive any funds from you and only receives a “lead fee” from the lender.
The Personal Loan offers that appear on this site are from companies from which LendingTree receives compensation. This compensation may impact how and where products appear on this site (including for example, the order in which they appear or whether a lender is “featured” on the site). LendingTree does not include all Personal Loan companies or all types of offers available in the marketplace.
Personal Loan Providers determine the underwriting criteria necessary for approval, you should review each Provider’s terms and conditions to determine which loan works for you and your personal financial situation. All reasonable efforts are made to provide and maintain accurate information. All rates, fees, and terms are presented without guarantee and are subject to change pursuant to each Provider’s discretion. There is no guarantee you will be approved for credit or that upon approval you will qualify for the advertised rates, fees, or terms shown.
Rates, Range of Rates, APRs, Range of APRs, Monthly Payment Amounts, Range of Monthly Payment Amounts, Fees, Points, and Origination Costs shown in the Personal Loan rate table are examples only and do not take into consideration application or processing fees, insurance premiums (if required), and other lender fees that may be associated with the loan such as balloon payments. For more details click here for LendingTree’s Terms of Use. Further, data displayed in the Personal Loan rate table does not take into consideration your personal financial situation, actual credit score, income, existing debt, or other financial factors that lenders may use to underwrite your personal loan. The monthly payment may increase from the example listed.
Factors including, but not limited to, your personal credit history, lender underwriting criteria, actual credit score, income and existing debt will also impact the actual Rate and APR noted. Again, the data displayed in the LendingTree Personal Loan rate table are examples only and are based on limited information provided and should not be deemed an actual offer of credit. Please review our full list of advertising disclosures to see more detailed examples of the average current rates borrowers are being matched at Personal Loan Disclosure.
Personal Loan Providers determine the underwriting criteria necessary for approval, you should review each Provider's terms and conditions to determine which loan works for you and your personal financial situation. All reasonable efforts are made to provide and maintain accurate information. All rates, fees, and terms are presented without guarantee and are subject to change pursuant to each Provider's discretion. There is no guarantee you will be approved for credit or that upon approval you will qualify for the advertised rates, fees, or terms shown. Rates, products and fees may not be available by all lenders and not in all areas. LendingTree is paid a fee for its services by the lender(s) depending on the lender it could be a match fee, a closed loan fee or both, but not to exceed the aggregate amount of $850.