Take Care of Your Needs with a Personal Loan

Fund a major purchase. Pay off unexpected expenses. Consolidate debt. Take charge of your finances today.

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Common uses for a personal loan

Debt Consolidation

Pay off your existing debts so you have only one easy, lower interest payment. Consolidate up to $50,000.

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Major Purchases

You need a working fridge. You need a working AC. Sometimes you need help paying for life's unexpected expenses.

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Home Improvements

Whether it's a do-it-yourself renovation job or you need to fix the roof, a personal loan can help.

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Medical Expenses

Healthcare costs can often be unexpected and seem overwhelming. Consider a personal loan to help pay off your medical bills.

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Special Occasion

Weddings, anniversaries, whatever the occasion, a personal loan can help cover the expenses so you can focus on your special day.

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A fast and easy process

Apply Online

Answer a few simple questions. It’s super duper fast and crazy simple. You’ll thank us later.

Compare Lenders

Get matched with up to five lenders. Compare rates side by side and pick the best for you!

Get Your Money

Collect your money and spend it to your hearts content. Seriously. Do what you will with it.

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 $50,000 – LendingTree can help steer you in the right direction.

Improve Your Credit Score

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.

Common questions about personal loans

Sometimes, personal expenses simply outweigh your income and savings. 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.
  • How can I get 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.

  • Will I 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 can you use a personal loan 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 shouldn't you use a personal loan 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.

  • Do personal loans 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.