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How to Get a Personal Loan in 3 Steps
Personal loans advertised on this page have a minimum APR of 2.49% and a maximum APR of 35.99% and a repayment period of 3 to 84 months. GetPersonalLoans.com is an advertising partner of Credible. No loans advertised on this page require repayment within 90 days.
Representative loan example: if you receive a $20,000 loan with a 36-month term and a 17.98% APR (which includes a 14.32% yearly interest rate and a 5% one-time origination fee), you would receive $19,000 in your account and would have a required monthly payment of $686.66. Over the life of the loan, your payments would total $24,719.94.
Personal Loan FAQ
What Credit Score do I need to Qualify?
Typically, you’ll need at least a 600+ credit score to be able to borrow money from a personal loan lender.
What Can I Use the Money For?
Personal loans can literally be used for almost any reason! People often take out personal loans to pay for unplanned expenses, refinance credit cards, pay for weddings, used cars, swimming pools, and home improvements.
Will Getting a Personal Loan Affect My Credit?
No, in most cases, taking out a personal loan will actually improve your credit score over time. This is because borrowing money, when you pay it back on time every month, is seen as a major positive in the eyes of lenders and banks. As such, your credit score will actually improve over time if you make your monthly personal loan payments on time.
What Will my Monthly Payment Be?
Your monthly personal loan payment depends on your income, loan amount, and credit score. Typically, the higher your income, the lower your interest rate, and the lower your monthly payment will be.
How Do I Get The Money
Upon approval for your personal loan, most lenders will actually deposit the money directly into your bank account. You don’t even have to leave your home!