Personal Loans for Good, Fair and Bad Credit

Personal Loans from $1,000 to $35,000 †

Whether you are looking to consolidate high interest rate balances, cover an unexpected expense, fund a special purchase, or cover a major house project, a Personal Loan can be a great financing option.

Benefits of a Personal Loan

Obtaining a personal loan could make it simple for you to put a financial plan into motion. Here are some advantages many personal loan lenders might propose when you apply for a personal loan:

  1. Fixed rate, fixed term, and fixed monthly payments.
  2. No origination or prepayment fees
  3. Competitive Annual Percentage Rate (APR) for the life of the loan
  4. Collateral is not mandatory to qualify
  5. Possible loan amounts ranging from $1,000 to $35,000
  6. A credit decision in as fast as 15 minutes and often access to funds as early as the next day.
  7. Interest rate discounts may be available for customers with qualifying credit scores

*Range of rates shown includes fixed- and variable-rate loans. Rates are not guaranteed and vary based on the credit profile of each applicant.

A personal loan is a loan that is not backed by any collateral (like a house or car). It differs from a mortgage or car loan in that the lender cannot directly seize your assets if you fail to pay back the loan.


  • Debt consolidation.  A personal loan can be used to consolidate high-interest credit card debt to lower interest payments and accelerate debt payoff.
  • Lower interest rates than payday lenders. Personal loan providers can offer significantly lower interest rates than payday lenders, even when borrowers have bad credit.


  • Higher interest rates than secured loans and (some) credit cards. If you have good credit and can pay off the loan in 12 – 18 months, you can likely get a credit card that has 0% interest on purchases for a year or longer. Alternatively, if you are a homeowner, home equity loans often have lower interest rates.
  • Extended application process. The approval process for a loan can last a few days and may require more information than that for a credit card.

If you have good credit and an existing banking relationship, it’s worth checking out your current provider or local credit union. Be sure to consider multiple options to find a good rate. Almost all lenders will require you to be over 18 and a legal U.S. resident, with a verifiable bank account and not in bankruptcy or foreclosure.

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Share Your Lender Experience

Upon deciding to pursue a pay day loan, make sure you only get loans when you absolutely need them (not just to purchase non-essentials), that you will be able to repay the loan before or on it's due date (this is where some people get into trouble), and that you have chosen a reputable, dependable, and fair payday loans company. To help with this final step, above is a list of the top 20 payday loans providers we have reviewed and rated. Don't agree with the list? Share a comment below and let us know if you think there is a lender missing and write a review on the lender you don't agree with and the rating we gave them. You would need to be logged in as a guest to post a review. You could post for others to review and also read which lenders are suggested by other consumers.

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