What is a Personal Loan?
An unsecured personal loan is a fixed-rate loan that is not backed by collateral and is repaid in monthly instalments over a specific term. This term can usually range from two to seven years depending on what you are looking for.
To qualify you, lenders look at factors including your credit score, credit report, and debt-to-income ratio. You can get a personal loan from some major banks, credit unions, and online lenders.
How it works
Apply online in seconds
Tell us about yourself and how much you want to borrow
Choose your best offer
Compare rates, terms, and payments among competing lending partners.
Get your money
Receive new loan proceeds and take care of your expenses.
What can a personal loans be used for?
To Consolidate High Interest Debt
Consolidating your high-interest debt into a single, manageable loan with lower rates can save you money in the long run.
For a Home Renovation or Large Purchases
Personal loans can be used for large purchases and big projects like a home renovation that can increase the value of your property.
For Financial Emergencies
If unexpected expenses like medical bills or car repair fees arise and your emergency fund isn't enough to cover it all, personal loans can be a way to get some quick cash.
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