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APR Range

8.99-14.49%*

Loan Terms

36-60 mos

Credit Range

680+

850

APR Range

9.95-35.99*%*

Loan Terms

24-60* mos

Credit Range

580+

850

APR Range

5.99-35.89%*

Loan Terms

36-60 mos

Credit Range

600+

850

Rates range from 5.99%-35.89% APR. Best APR available to borrowers with excellent credit. Borrow up to $40,000. Fast and convenient process.

The Rates, APRs, Fees, and Monthly Amounts above are estimates only and are not guaranteed. The information provided is for illustrative purposes only and is merely a conditional quote subject to change, may not be available in all states and are based on loan amount requested and creditworthiness as determined by the lender selected. When you proceed with a lender, they will inquire into your credit and such inquiry will impact your credit score. Your financial information will be required to be verified and subject to formal credit approval by the lender selected. LendingTree receives payment from the lenders on a cost per click and/or closed loan fee, but provides its services free of charge to you to search and compare lenders.

Could you use a personal loan?

Sometimes you just need some extra money. Maybe your credit card interest rates are through the roof, you need to make a major purchase or something unexpected happens. That’s when a personal loan can really help. Use your loan to consolidate debts, cover medical bills, or make some home improvements, or even improve your credit.

Whatever your reasons, if you need some more money right now – from $1,000 up to $35,000 – LendingTree can help steer you in the right direction.
Improve Your Credit!

A personal loan can help you build or improve your credit by adding another line of credit to your credit report. Your lender will report your monthly payments to the three credit bureaus—Equifax, Experian and TransUnion. To improve your credit, make sure you make all of your payments on time and never miss a payment. With consistent, on-time payments, you’ll start to see your credit score improve over time.

Today’s Personal Loan Rates

Loan Amount
Terms
apr ​as low as
monthly
$1,000
24 mos
7.16%
$41/mo
$5,000
36 mos
5.99%
$151/mo
$10,000
36 mos
3.99%
$296/mo
$26,000
36 mos
3.99%
$738/mo

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What is a Personal Loan?

A personal loan, also called a signature loan, is an unsecured loan, which means you can borrow money with no collateral based on your credit. From consolidating debt to financing a purchase to improving your credit, people choose personal loans because interest rates are usually lower than credit cards, which can save you thousands of dollars.

Related Topics

Personal loan payment calculator

4 things to know about personal loans

Sometimes, personal expenses simply outweigh your income and savings. You may have taken a vacation that cost much more than you anticipated, you need to pay for a few college classes to be more competitive for a promotion, or you may be a teacher who is forced to spend hundreds of dollars of money on classroom supplies at the beginning of the year. There are plenty of different situations where unexpected or needed expenses may arise and exceed the current amount of money in your bank account.

Personal loans can fill the financial gap. These loans can be used for just about anything and you can receive anywhere between $1,000 to $50,000 in a matter of a couple days. While a loan that provides quick cash may be tempting, here are four things you need to know first about how to get a personal loan.

Will you qualify

Most likely, yes. Anyone with decent credit can be approved for a personal loan quickly. If you don’t qualify on your first attempt at getting a personal loan, take steps to improve your credit, such as paying bills on time and monitoring your credit report to check for any errors or faults with your financial spending.

What you can use it for

Personal loans can be used for anything unless the lender sets guidelines on how it may be spent. However, that doesn’t mean a personal loan should be used for anything.

The best way to use a personal loan is to integrate it into your overall financial plan. If you are anticipating big expenses, such as a house renovation or a college tuition payment, getting a personal loan could benefit you in the long run because you are investing in something of long-term value. A college education could help you or your child get a higher-paying job. Fixing up your house could significantly increase its value.

Getting a personal loan also can help you pay off debts. Credit cards balances, for example, are high-interest loans as long as you carry a balance. A personal debt consolidation loan will pay off a credit card and other high-interest debts, leaving you with one, more affordable payment.

What you shouldn’t use it for

Be cautious about getting a personal loan to pay for expenses that won’t benefit you financially in the long-term. A lavish dream wedding, for example, may be fun for a few hours but will leave you with years of debt. A clothing shopping spree may give you a great wardrobe, but you may be paying off the personal loan years after the clothes are out of style. When you’re spending part of your monthly budget on a personal loan payment, you’re also robbing yourself of the opportunity to save money or invest in your retirement.

They come with interest rates and fees

Because personal loans generally are unsecured, borrowers don’t have to make a security deposit or provide collateral. This increases the lender’s risk, which translates into higher interest rates than secured loans. A borrower’s credit score will also come into play, so a high score may help you qualify for a low interest rate.

While getting a personal loan sometimes can be done without fees, some lenders do charge origination or other fees for borrowing. Be wary of these vendors, and be sure to check around for the best rates.

Getting the best rate

Once you’ve decided to apply for a personal loan, do your homework and shop among lenders for the best rates and lowest fees. Make sure the terms are favorable and consider a short-term loan, as you’ll pay less in interest fees than a long-term loan for the same amount.