HomePersonal Loans
Advertising Disclosure Acorn Finance receives compensation from some of the companies featured on our website, which may influence the presentation and order of the offers shown. Please note that not all loan options, savings products, or lenders are represented on our site.

Low APR Personal Loans

Compare personal loans with no impact to your credit

How much would you like to finance?

Low APR Loans

Searching for a low APR personal loan? Look no further, you’re in the right spot! We are here to help you discover low APR personal loans while understanding the ins and outs of using a personal loan.

Personal loans can be used to help you reach financial goals faster. They can also be used to make expensive projects more affordable. Most commonly personal loans are used for debt consolidation, home improvement financing, getting a loan for solar panels, and so on.

However, the upside to personal loans is that you can use the money for just about anything you would like. In addition, you typically don’t pledge collateral to secure the loan. Whether you have good credit or bad credit, you should visit Acorn Finance to check for personal loan offers, though not everyone will be qualified for an offer.

Get Started

Compare rates from top lenders

What is the typical interest rate on a personal loan?

Personal loan interest rates are determined by the lender analyzing a potential borrower’s credit score and credit history. There are a few other factors that lenders may use to determine what kind of interest rate they may be willing to extend to you including gross monthly income, debt-to-income ratio, and your employment status.

Gross monthly income: Lenders can look at how much income you have coming in each month to determine whether or not you may be able to easily cover the monthly payments. To see this kind of information, lenders can ask for pay stubs and W-2s. If you are self-employed, then a lender may want to see your personal and business tax returns, 1099s, year-to-date profit-loss statements, and/or balance sheets. Additionally, some lenders may have minimum income requirements needed to obtain a personal loan. If you have a demonstrated history of bringing in a good amount of income, then a lender may see you as more creditworthy and may be willing to extend a personal loan with a lower interest rate.

Debt-to-income ratio: Essentially, a debt-to-income ratio is the percentage of your gross monthly income that goes to paying existing debts. Lenders can look at this ratio to determine the likelihood that you may be able to keep up on all of your current monthly debt payments in addition to the new debt payment you will be adding if you are granted a personal loan. A debt-to-income ratio is determined by dividing your current debt payments by your gross monthly income. Most lenders may include the monthly payment of the loan you are applying for into the equation. Ideally, that number should be below 36% to appease most lenders, however, some lenders may go up to 43% or even 50% if it includes a mortgage payment. It all depends on the lender, what kind of credit score you have, and what kind of gross monthly income you are starting with.

Employment status: Most lenders are going to want to verify your employment status when they are considering you for a new personal loan. Lenders like to see someone with a stable job with some years of experience in a particular field. If you are self-employed, then depending on whether you are a contract employee or you own your own business, lenders may request two years or more of tax and financial documents to establish a record of stable revenue and income going back several years.

Read More


A good credit score paired with a high income and low debt-to-income ratio can help you qualify for some of the best interest rates. It may also help you qualify for higher loan amounts. While credit score is one of the largest determinants for most lenders, other factors can be taken into consideration.

What is the interest rate on a personal loan?

Interest rates can vary depending on several factors. While your friend may have a $20,000 personal loan with a 5% interest rate, you may have a $20,000 personal loan with a 6% interest rate. Even though you and your friend have similar incomes and credit scores, the interest rate may still vary. It may vary depending on when you applied for the loan or your exact credit score. It may vary depending on the loan amount. We can speculate all we want but the best way to determine what your interest rate will be for a personal loan is to get prequalified.

Interest rates can be fixed or variable. Fixed interest rates never change and before you sign a loan agreement, you can see exactly how much interest you are going to have to pay for the duration of the loan. The good thing about fixed rates is that you will then also have fixed monthly payments on the loan which is much easier to budget for. With a variable rate, the interest rate can change based on market conditions. If market rates go down, then you can enjoy paying less interest, however, if they go up, then you may not enjoy paying more in interest.

Keep in mind that an APR is different from an interest rate. An APR includes not only the interest rate but also any other fees that a lender may charge in addition. If there are zero fees, then the APR may be the same as the interest rate. If there is an origination fee, then the amount of the origination will be included in the APR percentage.

What is a good interest rate on a personal loan?

What is classified as a good interest rate may vary depending on the borrower and current market conditions. If you have excellent credit then you can be a more selective shopper and leverage the fact that you have plenty of options. If you have bad credit, you may not be in the best position to be selective.

Who has good personal loan rates?

Online lenders typically have less overhead compared to traditional banks. In addition, they operate in an extremely competitive marketplace. For these reasons and more, online lenders may offer better personal loan rates. Three lenders that can offer better personal loan rates online include:

To qualify for these lenders you may need to be in the highest credit score bracket possible as well as show an incredibly strong income.

Is a personal loan a variable or fixed rate?

The vast majority of personal loans come with fixed interest rates. Fixed interest rates are ideal because you can know exactly how much interest you will pay through the life of the loan and you will always know what your monthly payment will be. Having a fixed-rate personal loan with a fixed monthly payment can help you to budget more accurately. If you are looking for a long-term personal loan for a larger amount of money, it may be best to find a fixed-rate personal loan since variable rates may not fluctuate much in the short term, but there is a greater chance you may have to pay more interest in the long run if you have a variable rate personal loan over a longer loan duration.

A variable-rate personal loan, although more uncommon, can come with a lower APR than a fixed-rate personal loan. A variable interest rate is determined by benchmark rates that are set by banks and lending institutions. Rates can go up or go down through the life of the loan, however, many lenders cap the amount a rate can change over a specific period of time or even throughout the entire loan duration. Variable-rate personal loans may be better for short-term loans. With a short-term variable rate personal loan you can qualify for a lower APR, and the chances that interest rates are going to increase drastically in a 12 or 18-month period are pretty low.

Can you negotiate personal loan rates?

If you are wondering if you can negotiate with lenders about personal loan interest rates, the answer is it depends on the lender. Large banking institutions are least likely to budge on interest rates and they present you with more of a take it or leave it attitude. When it comes to credit unions, if you have been a member at your credit union for a number of years, you might have some sort of rapport with the credit union staff, or they may look favorably on your commitment to the credit union. You may be able to leverage this to negotiate a lower interest rate on a personal loan.

When it comes to online lenders, there may be some room to negotiate an interest rate, however, it depends on the lender. If you are trying to obtain a lower interest rate than your initial offer, you may need to justify why you think you deserve it. For example, if you have a better offer from another lender but prefer to do business with a different lender, you may be able to show the preferred lender your loan offer and see if they can match it.

You may also be able to offer collateral to see if this helps bring your rate down. By offering to use an asset to secure the loan, many lenders may consider offering you a lower interest rate in return. Some examples of assets the borrowers may commonly use to secure personal loans include a home, car, boat, stocks, bonds, insurance policy, jewelry, fine art, antiques, collectible, good, silver, future paychecks, cash in a savings or retirement account, or cash in a certificate of deposit account. Also, some lenders may make you a second offer with a lower interest rate on a personal loan if you ask to add a co-signer with an excellent credit score to the loan, especially if you only have a fair credit score or worse. If you have had a personal loan for some time and your credit score has improved, you may want to ask the lender about refinancing the loan to bring the interest rate down.

How do lenders calculate personal loan rates of interest?

When lenders are looking at a potential borrower that is applying for a personal loan they can look at several determining factors to help them decide what kind of interest rates they may want to offer the borrower. The first determining factor that a lender may look at is your credit score and credit history. The better your credit score, the more likely you are to qualify for a lender’s lowest credit scores. After credit score, a lender then may look at your income, debt-to-income ratio, employment status, and employment history. A lender may want to see a consistent and substantial income with a small amount going toward existing debt payments. The ideal debt-to-income in the eyes of many lenders is 36% including the addition of the loan the borrower is seeking, however, some lenders may consider borrowers with DTIs as high as 43% or 50% if they have a mortgage. When it comes to employment status and history, a lender may want to see that you have been gainfully employed for a number of years. If you are self-employed, a lender may want to see several years of tax returns to get a better idea of how you earn your income and how significant that income is.

What is the standard interest rate on a personal loan?

Standard interest rates on personal loans are mostly determined by the lender and your credit score. When you look at a lender and the range of APRs that they offer to their personal loan customers, you can get a rough idea of where you may fall on that spectrum depending on if you have an excellent credit score, a fair, or a bad one. If you have an excellent credit score, then you may find yourself qualifying for some of the lowest interest rates the lender offers. If you have a bad credit score, then you may want to look at the higher end of the average APR spectrum to see what kind of rates you may qualify for, if you can even qualify at all. If you have a fair or good credit score, then you may find yourself somewhere in the middle. If you want the most accurate interest rate information that is personalized to your credit profile, then it may be best if you go online and complete a loan prequalification application.

If you are looking for a personal loan but you do not wish to use an online lender, then you may want to check with your personal bank or credit union to see what kinds of rates they are offering based on your credit score and income.

How to reduce the interest rate on an existing personal loan

If you are looking to reduce the interest rate you have on an existing loan that you have been paying on for some time, there are two things you can do. First, you can try to negotiate with your current lender to see if they can reduce the interest rate on the current loan. Second, you can go to a new lender and qualify for a new personal loan with a lower interest rate and use the new loan to pay off the existing loan. This is a method of refinancing. Some lenders may actually specialize in the refinancing of personal loans. One such lender that you may want to consider for refinancing a personal loan is Axos Bank. However, before you try to refinance a loan or negotiate a lower APR with your current lender, you may want to make sure that you have some leverage to help you.

Before you negotiate with your current lender or attempt to refinance an existing loan, you may want to make sure that your credit score has improved enough to warrant a lower credit score. This means that the entire time you are making all your monthly payments on time for your current loan, you are also working on paying down credit card debts or other loans you may have. By making on-time payments and paying down debts you have the best chance to make a significant impact on your credit score.

Another variable that may warrant a refinancing of an existing personal loan or a negotiation with your current lender is a change in income. Maybe you got a huge promotion at work and with that promotion came a significant salary increase? Maybe you took on an additional part-time job that brings in an extra couple thousand dollars a month? A significant increase in salary may provide some leverage when it comes to finding a lower interest rate for your personal loan.

How to compare personal loan rates

Comparing personal loan rates is important, but should be done with caution. You want to avoid applying with several lenders that may pull your credit. So how do you compare actual offers? One of the best ways to compare personal loan rates and offers is through the Acorn Finance platform. Acorn Finance offers a secure platform that can connect you to top national lenders. Within 60 seconds or less you can check personal loan offers without impacting your credit score.

What's the difference between APR and interest rate?

The main difference between an APR and an interest rate is that an interest rate is an amount you may have to pay to borrow a particular amount of money whereas an APR is the total cost of borrowing a particular amount of money because it includes the interest rate and any additional fees, specifically, the origination fee.

Can you refinance a personal loan to get a lower rate?

Yes, if you have been paying on a personal loan for quite some time and you have been making all the payments on time, you may be able to negotiate a lower rate with your current lender or refinance for a lower rate with a different lender. Before you begin this process, you may want to make sure that you have seen some notable improvements in your credit score.

$2000 Loan Calculator


Find the loan you're looking for

Table comparing monthly payments, APRs for approved personal loans.
See your options
Take a few minute to answer few questions, and we'll match you with the right range of lenders to consider
Choose your loan
Find your favorite marketplace of offers and apply directly with the lender you prefer
Do your project
If you're approved, use your funds to cover all your costs now, and pay the lender back month by month

What can I do with a $2,000 personal loan?

A $2,000 personal loan has a number of uses, including (but not limited to):
Home improvement Buying a car Wedding costs
Debt consolidation Medical bills Startup business costs

Still have questions?

Guide To Low APR Personal Loans

Searching for a low APR personal loan? Look no further, you're in the right spot! We are here to help you discover the lowest APR personal loans while understanding the ins and outs of using a personal loan.

With so many options available for personal loans, you can take your pick when it comes to the best personal loan lenders. Whether you have good credit or bad credit, Acorn Finance is one of the best places to get personalized personal loan offers. Acorn Finance is a personal loan site that connects individuals to top-rated lenders that offer the best personal loans. Keep reading to learn everything you need to know about securing a personal loan.

What rate should I expect on a personal loan?


While the rate you receive on your personal loan will depend on many determining factors, generally you can expect rates on a personal loan to rise and fall based on the direction of the Federal prime rate. Most lenders have certain requirements that help them determine what rate a borrower qualifies for.

Typically when you apply for a personal loan or other type of financing, the lender will run a credit check and obtain other information from you in order to evaluate your creditworthiness. This is done in order to determine the level of risk to the lender in taking you on as a borrower. In general, the higher the level of risk you pose to the financial institution, the higher the interest rate you can expect to pay.

Some of the variables that can determine the rate you will be offered include your credit score, personal financial history, and debt-to-income ratio. Interest rates may also vary widely depending on the type of financial institution you use (credit card vs. bank vs. online lender).

Why should you get a personal loan?


You should get a personal loan when you have a need for immediate access to cash that is readily available and offers unrestricted use. Some common reasons that borrowers decide to take out a personal loan include for major life events such as weddings or vacations, to pay for a child's education, to consolidate their debts, or to complete home renovation projects.

Personal loans can be used as an alternative method of financing for some situations like purchasing a car (instead of an auto loan) or paying for college (instead of student loans).

How to find a personal loan?


Just as with any financial product, it pays to shop around before committing to taking out a personal loan. By taking just a little bit of time to research and compare your personal loan options, you may find a better loan with more flexible terms and lower rates. As you start exploring personal loan options, you will soon realize just how many options are available. Personal loans are often secured through a bank, credit union, or online lender. Online platforms such as Acorn Finance, allow consumers to check personal loan offers from several lenders without impacting their credit score. Shopping for a personal loan online is often much easier than investing hours of your time at the bank, only to find out you can get a better deal online. Online lenders know that their customers have access to more offers, therefore, they often offer extremely competitive deals. They can also have less overhead than a traditional bank or credit union, thus allowing them to loan money for less.

What companies offer personal loans?


There are a variety of choices available for taking out a personal loan. Options for obtaining financing generally include banks, credit unions, and online lenders.

Traditional banks may offer competitive personal loans. In addition, they may offer discounts for existing customers. We encourage consumers to compare loan offers before committing to one so it may be worth your time to see what your bank can offer.

Credit unions are another great alternative for many consumers who wish to benefit from utilizing a smaller, more intimate institution. Perks of going with a credit union can include more personalized service, better terms, lower rates, and more flexibility in loan requirements.

In recent years, online lenders have been gaining popularity for personal loans. Most of them offer fast processes and less strict requirements to qualify. Below is a list of top national online lenders that can offer personal loans. Take a look below to find out more about each lender and how to qualify.

Which bank is best for a personal loan?


There are a number of banks, credit unions, and online lenders who offer access to personal loans. The financial institution that is right for you will depend on a variety of factors including your location, your credit score and general creditworthiness, how fast you need access to the funds, the amount of cash you need, and more. In addition, in many cases it can be best to go through your existing bank or credit union rather than apply with a new one. Be sure to check the loan options from the financial institution(s) that you already bank with to see what kind of terms and interest rates they can offer you as an existing customer.
If you are looking to deal with a traditional bank for a personal loan, you should consider the following:
Marcus by Goldman Sachs
PNC Bank
American Express and Discover have also been highlighted as competitive financial institutions for a personal loan. When it comes to finding the best personal loan offer, you will want to compare different banks and lenders. Just be cautious of submitting multiple applications. Your credit may be pulled several times which can impact your score.

What credit score do I need to get a personal loan?


Generally, lenders want to see a credit score of at least 630 and above in order to approve a borrower for a loan. In addition, consumers should ideally have a credit score higher than 690 in order to access the best interest rates. However, there are exceptions to these rules. Some lenders may consider scores as low as 560 such as Upgrade.
Every lender is different and has their own lending requirements. In addition, even if your credit score is too low to qualify, there are ways around the credit score requirement. Borrowers with poor credit can still access funds by applying with a cosigner or pursuing a secured loan. With the right collateral or cosigner, even the highest-risk borrowers can still obtain a personal loan.

What is the easiest loan to get approved for?


The complexity of getting approved for a loan can depend more on the applicant than the type of loan. For example, if you have excellent credit, it should be fairly easy to secure most types of loans. Generally, regardless of credit score, personal loans are easier to get approved for compared to secured loan options such as a home equity loan. Personal loans generally do not require collateral which can make the approval process simpler and faster.

Is personal loan good or bad?


Just like any financial product, personal loans are not inherently good or bad but are a tool that consumers can use to meet their financial needs. Taking out a personal loan has advantages and disadvantages, and whether or not it is the right fit for you will depend on your own personal financial situation.
For example, if you are prone to getting into debt and not paying it back, getting a personal loan may not be the smartest decision. On the other hand, if you are pursuing a path of debt consolidation in order to restore your financial situation, a personal loan is a fantastic tool to help you do so. Likewise, if you need to fund a major purchase and know that you have the income to pay it back, personal loans are one of the best ways to get fast access to cash. But in some cases, if you compare your options, another financial product such as a credit card or a HELOC may have better terms and lower rates.

Where can I borrow money immediately?


If you need access to fast cash immediately, there are a handful of online lenders who can offer funds as soon as 1 business day after loan approval. Keep in mind that there are other factors that can delay receiving your funding, such as how long your bank takes to process the incoming funds, and how long it takes for your loan application to be approved.
Many of the lenders on our list above offer relatively fast access to cash. However, if you need money within a few hours, your best bet will be to visit a payday loan center in person until you can receive funding from a more permanent solution such as a personal loan.

What is the quickest way to get a loan?


There are a few different ways that consumers today can take out a loan. The majority of personal loans originate from banks and credit unions, with a large and growing segment of the population turning to online lenders like Prosper and Axos Bank to be their source of funding.
Generally, the quickest way to get a loan will be through an online lender. The exception to this rule may be the bank or credit union whom you already do your banking with, especially if you have applied for a loan with them before. Having your information already on file may give you an advantage and bypass some of the traditional underwriting process and waiting time.
Many of the lenders on our list offer relatively fast access to cash.

How can I get a loan instantly?


Applying online is often the best way to get a loan as quickly as possible. Although online applications certainly speed up the lending process, in most cases your loan approval will not be instant as it will still have to go through an underwriting process. In addition, even if you find a lender with instant loan approval, the transfer of your funds will usually take at least 1 business day depending on the lender and your own bank.
If you need truly instant access to cash, payday loans and car title loans are some of the only options available to you, although they have their own serious disadvantages. So if you can stand to wait a few days, a personal loan is still the best option for access to fast cash.

Is a personal loan cash?


A personal loan is treated like cash in the sense that you spend the money however you want once it hits your bank account. But when you take out a personal loan, there are a number of ways you can receive your money. You may receive your personal loan in the form of a check, cash, or a direct deposit. Direct deposit or electronic transfer is the most common way to obtain your funds. The funds are given out as a one-time lump sum and are usually distributed within 1-2 business days of the final loan approval. The money can then be spent however the borrower desires, with little to no regulations or restrictions. And of course, unlike cash, you have to pay back the money you get for a personal loan, plus any fees and interest.

Who is eligible for a personal loan?


Generally, applicants for a personal loan must be over the age of 18, employed, have an established credit history, and have a valid photo ID to prove identity. Generally, banks also want to see that the applicant is a legal resident of the country in which they are applying from.

Those who are ineligible can still apply for a personal loan with a cosigner who does meet these requirements. In addition, secured loans are an option for those who are ineligible due to things like a lack of credit history or a past bankruptcy.

Can anyone get a personal loan?


Ideally, lenders like to see qualified applicants with good credit and a decent income. However, online lenders and credit unions can offer more flexible financing terms for those who may not otherwise qualify. Secured loans are another option that makes personal loans more accessible to borrowers with subpar credit, a history of bankruptcy, or other undesirable traits.

Do you need income to get a personal loan?


While every lender has their own requirements for taking out a loan, generally you will need to demonstrate at least a modest income. This is because banks and other lenders want to see that you can be trusted to pay back the balance on your personal loan through an installment plan. Without a stable monthly income, your creditworthiness is evaluated as a higher risk, and it decreases your likelihood to obtain a loan.
However, there are some lenders who can consider applicants without a steady income, especially those who offer secured loans or the ability to apply for your loan with a cosigner. By pursuing one of those 2 options, even those without an income can get a personal loan. In some cases, borrowers with limited income or self-employment income may need to take advantage of those services as well.

What should I know before applying for a personal loan?


There are a few things that borrowers should keep in mind before applying for any financial product. Before applying for a personal loan you should know your own credit score and credit history, what monthly payment you can afford, what kind of terms and conditions you are looking for, and which lenders you want to apply through.
It is important to be educated about loan terms and about personal finance in general. Before applying for a loan, compare your options from a few different lenders, and assess your own personal financial situation and budget. Make sure you compare total loan costs, not just monthly payments.

Are you wondering if this is a good time to get a low interest personal loan? Maybe there is something you have been wanting to buy for a while or some things you have wanted to do, but haven't had enough cash. Or perhaps you have some credit card debt or other high interest rate debts that you would like to consolidate. Interest rates are currently at a record low making this a great time to consider getting a low interest rate personal loan. In addition you may be able to secure a low apr personal loan online. Keep reading to learn more about low interest loans and how to get one.

What is a personal loan?


In simplest terms, personal loans can be described as borrowed money from a credit union, bank, or online lender that is repaid over time with interest.

Personal loans can provide a lump sum of cash to be repaid over time with fixed monthly payments and interest. Most banks, credit unions, and online lenders offer personal loans. To qualify for a personal loan you should have a credit score of at least 540. Most lenders have a minimum credit score requirement. If you are applying with a lender that has a higher minimum credit score requirement than your actual credit score, you may get denied. In most cases, personal loans do not have spending restrictions, thus allowing you to spend the money on anything you need to. Personal loans are commonly used for financing home improvements, weddings, car repair, emergency expenses, medical bills, debt consolidation, and more. Unsecured personal loans do not require collateral making them easier to qualify for and less risky than secured loans. Acorn Finance can connect individuals to lenders that offer personal loans up to $100,000 with terms up to 12 years. Most personal loans do not have a prepayment penalty. Regardless of the loan term you choose, we recommend paying extra each month with the intention of paying the loan off early. Paying as little as 10% extra each month can save you hundreds of dollars in interest.

Most personal loans are unsecured meaning they are not secured by collateral. While most personal loans offer repayment terms on average of two to seven years, you can find terms up to twelve years offered through Acorn Finance.

Whether you are considering diving into a home remodel, or thinking about adding a pool to your home with new landscaping that requires additional financing, Acorn Finance can help you get the perfect personal loan at the payment terms you need.

What are the requirements for a personal loan?


Most lenders have basic requirements to qualify for a personal loan. You can usually access these basic requirements on the lender's website or contact a representative. Making sure you meet the basic requirements is the first step toward getting approved for a personal loan. Given the current market and uncertainty, most lenders are requesting proof of income before finalizing loan approvals even if you have excellent credit. It's important to make sure the information you submit on your initial application is as close to actuals as possible. Basic requirements for a personal loan typically include. . .
– Credit score
– Payment history
– Consistent income
– Reasonable debt-to-income ratio

What can I use a personal loan for?


One of the most appealing factors of a personal loan is that it can be used for just about anything.

The lender typically does not require you to specify how the money will be spent.

In addition, in most cases there is nothing binding in the agreement that prohibits borrowers from spending the money on certain things.

Check out our home improvement financing options if you are a homeowner

What is a good interest rate on a personal loan?


The definition of a good interest rate can vary depending on your credit score and the current market environment. In addition to credit score, loan amount and loan term can impact interest rates. Once you have found the lender you want to use, you should review their rate chart to see what options you qualify for. In some cases, you may get a lower interest rate for choosing one term over another. It’s important to know your options to make smart financial decisions. If you have fair or bad credit you should focus more on finding a lender you qualify for. Whether you have good credit or bad credit you should compare interest rates. However, you should avoid submitting multiple applications and having your credit pulled more than once. Acorn Finance allows individuals to submit one application and receive multiple personalized loan offers within seconds without affecting credit.

Is 17% a high interest rate?


Interest rates are typically determined by a number of factors evaluated by the lender. Most lenders evaluate a borrower's income, credit score, debt to income ratio, and more.

While 17% may be on the high side for someone with good to excellent credit it may not be for someone with credit challenges.

How much would a monthly payment be on a $50,000 loan?


A monthly payment on a $50,000 personal loan could be as low as $462.00 using a 12 year term at 6.99%. If you wanted to go with a 6 year term at 6.99% on a $50,000 personal loan the payment would be around $805.

Can you get a personal loan with a credit score of 550 or below?


Securing a personal loan with a credit score of 550 or below can be challenging, but not impossible. If you need a personal loan and have a credit score of 550 or below you should consider applying with a co-signer who has good credit.

This can help increase your chances of approval while helping you secure a lower interest rate and build your credit. If you do use a cosigner it's important to remember that their credit can be affected if you default on the loan. This means it's even more important to make payments on time and repay the loan.

In the event you are unable to make a payment, you should communicate with your co-signer to make other arrangements.

After all, you only get so many chances in life, especially when it comes to borrowing money.

Do you need credit to secure a personal loan?


In most cases, personal loan approval is based on credit score, credit report, and debt-to-income ratio.

However, there are some lenders who specialize in working with borrowers who have a lack of or bad credit. These lenders may consider other factors during their approval process. If you have bad or no credit you may not qualify for the lowest rates but you can still have a chance of approval.

Even if you are approved for a higher interest rate the loan may still make sense and can help build your credit.

The more credit you can establish or repay in good terms, the better your score should be. If you are unable to receive approval you should look into secured or co-signed loans.

How much can you borrow with a personal loan?


Some lenders offer personal loans up to $100,000. It would be rare to find a lender that offers an unsecured personal loan for more than $100,000. If you need to borrow more than $100,000 you may need to consider a secured loan. Secured loans require collateral which makes them less risky for the lender. Since there is less risk, lenders often offer higher loan amounts and more flexible terms. However, secured loans are usually harder to qualify for than unsecured personal loans.

Is it better to get a personal loan from your bank?


You may prefer to use a bank for their credibility and face-to-face interactions. While it may seem easier to use your primary banking institution for a personal loan, it's not always better. Banks often have strict requirements and slow funding processes. While they may offer competitive interest rates, it's likely you can get the same interest rate or better in a lot less time using an online lender. Wells Fargo Bank promotes their personal loans and has interest rates starting at just 5.99% In addition, they offer an online application process.

Does APR matter if you pay on time?


Yes, the APR on a personal loan matters even if you are making your monthly payments on time. APR on a personal loan works differently than on a credit card.

For example, if you have a credit card with an APR of 26.99% and this month you charge $540 on your card. When the bill comes due, if you pay the entire balance rather than just make the minimum payment, you should not be charged any interest. If you carry a balance, then your APR can be used to determine how much interest you will pay on your balance.

Let's say you paid $40, and now have a balance of $500 on your credit card. Your APR of 26.99% is divided by 365 to calculate your daily periodic rate. You take that number and then multiply it by $500, the amount of the balance you are carrying over to the next month, and you get 32.8 cents charge per day of interest. Multiply that by 30 days and you get an interest charge of $9.86.

APRs are different for personal loans because you will never pay your balance in full within one month and the interest will be locked in and added to the principal of your loan. The APR is what will be added to your loan amount each year. The APR comprises your interest rate and any fees or finance charges.

Each month you are paying a certain percentage to the principal and a certain percentage to interest. If you make all your payments on time, you simply will be paying more toward the principal each month the further along you are in the term of the loan. If you miss payments, then your payments should go more to the interest each month.

Is APR yearly or monthly?


For a personal loan, APR is what you will pay yearly in interest including other fees and finance charges. There is a difference between interest rates and APRs when we are talking about personal loans.

APRs are the best way to compare loans because they include all the other fees that you may not be able to see immediately.

That is why you should compare APRs and not interest rates when shopping for a new personal loan.

Why is my APR so high with good credit?


Even if you have good credit, there still may be reasons why a lender might want to charge you a higher APR than what you would expect.

First, there are market conditions and factors that determine what financial institutions can charge for interest rates and APRs. Maybe, the market has seen a recent fluctuation and the banks have adjusted their interest rates to reflect the changing market conditions.

Next, maybe you have a bankruptcy on your record. Bankruptcies can be a black mark on your record for up to 10-years. So, even if you have good to excellent credit now, that bankruptcy from 4-years ago can still affect what kind of interest rates you are seeing in personal loan offers.

Last, you may simply just be talking to the wrong lender about your situation. If you shop for a personal loan at Acorn Finance, you will be connected with dozens of lenders throughout the country who will all be competing for your business. The chances of you receiving an interest rate that is more appropriate for your credit rating are much higher.

Is APR the same as the interest rate?


No. Remember that APR includes all origination fees and additional finance charges on top of the interest rate.

Does 0% APR mean no interest?


A 0% APR personal loan means that there is no interest and that you are only paying back the principal. However, be mindful of deferred interest conditions that come with the 0% APR. Meaning if you make one late payment or you do not pay back the loan in the set period of time, then you may be charged interest retroactively on the entire balance.

Is a low interest rate good or bad?


Borrowers always want cheap personal loans or at the very least, low APR personal loans. And why not? The interest rate is a major factor in determining how much your loan will cost you over the term. So, is a low interest rate loan good or bad for the borrower? If you need to borrow money, you should find the lowest interest rate possible. In most cases, a low interest rate is a good thing, but in some instances it could be seen as a negative.

A low interest rate can be beneficial for a borrower. It can make your cost of borrowing a lot cheaper. More of your money will go toward paying off the principal. In addition to lower total loan costs, you may be able to pay the loan off faster, which can also allow you to save more money. You may be able to afford to borrow more money with a lower interest rate as well.

On the other hand, low interest rates can fuel unnecessary borrowing. People may be less cautious about borrowing when rates are low and may get into debt to buy unnecessary or frivolous things. Low rates can mean you qualify for a larger loan amount than you had intended. You might end up borrowing more than you had planned and carrying a lot more debt.

For an individual who knows exactly how much they want or need to borrow and can avoid the temptation of overspending, low rates can be a great thing. You can end up paying less for what you were going to do anyway. Who would complain about that?

What causes low interest rates?


Why would rates be low anyway? Well, several factors influence the cost of borrowing. The Federal Reserve meets eight times a year (sometimes more often) and sets the lending rates for banks to trade with them and each other.

When economic times are uncertain or difficult, the Federal Reserve will normally lower interest rates. There are several reasons for this but the primary reason is to get the economy going again. When the economy is struggling, unemployment is usually high and consumer spending low. Businesses don't have a lot of confidence to invest and expand so they don't borrow and they don't spend the cash they have. Lowering rates encourages businesses to invest, expand, and hire people which lowers the unemployment rate. When people are working, they have money to spend and they do. This drives a greater need for more workers which reduces unemployment even further.

This can be true for individuals as well. When rates are high, people often put off things that can wait or might not be necessary. They may hang on to an old car for another year or two or put off renovating the kitchen until rates go down. A low rate can encourage people to go ahead with purchases they planned to make. When this happens on a large scale it has a significant impact on the economy.

Is lower interest better?


Low APR personal loan rates are certainly better for the borrower. Less of your money will go to paying interest and you may be able to pay a loan off faster. You may qualify for more too since the qualifying rate will be lower. Be wary of being tempted to borrow more than you had planned. A low rate will only benefit you if it helps you save money and not go further into debt. Regardless of the rate, you will still need to repay the loan so remember to avoid borrowing unless you had already planned to do so.

What are the disadvantages of low interest rates?


Low interest rates can cause prices to go up. Since people can qualify for more, asking prices for homes, vehicles, and other products and services often increase. Companies may take advantage of low interest rates so be cautious of this.

If you are a saver, you might find that you will not be earning much on your deposits. For people who depend on earning interest to supplement their income or grow their assets, low interest rates can be devastating. While the Federal Reserve does not set interest rates on deposits, they often correspond with lending rates. As interest rates for borrowing decrease, interest earned on savings will decrease too.

Who benefits most from low interest?


Two groups benefit the most; businesses and consumers. Businesses benefit because they borrow to expand and expect to make money on the amount borrowed. The less they pay in interest the more goes into their pocket. Low interest rates can encourage them to borrow so the rates allow businesses to expand more quickly than they had originally planned.

Consumers benefit too because they will make purchases that they might have delayed making and will pay less in interest. They may find it easier to qualify too when the rates are lower.

What is the lowest interest rate you can get on a loan?


Your rate can depend on your financial situation and what you qualify for. Your credit score, debt to income ratio, income, employment, and any assets you have to secure the loan will impact your rate. Most lenders have requirements that borrowers must meet to qualify for certain loan amounts, terms, and interest rates. Whether you have good credit or bad credit, you may be able to lock in a lower interest rate with a short loan term. To check offers from lenders such as LightStream and other competitive lenders, submit a form at Acorn Finance.

Is it possible to get a 0% loan?


It's possible to get a 0% loan, although it isn't all that common. Sometimes there are fees that compensate the lender for the lack of interest. There are usually other things you will need to be aware of too in order to figure out if you are getting a good deal or not. Here are some instances where you might find 0% loans:

Car loans: Manufactures may offer promotional 0% financing. In some cases, you are forced to choose between a rebate or 0% financing. The 0% financing offer is not always the best deal.
Retailers: Some retailers may offer 0% promotional financing for big ticket items such as appliances, furniture, or electronics. Make sure you read the fine print carefully before signing up for financing.
Credit card companies: Credit card companies may offer 0% promotional offers for short terms. You may need to spend a certain amount with a specific time period to take advantage of the offer. Again, make sure you read the fine print carefully before swiping the card.

Can you get a personal loan with bad credit?


If you are looking for a personal loan, but you feel you may not qualify because you have doubts about your credit score, you should consider looking into it a little further. You may be able to qualify for a personal loan with a lower credit score than you think. Some online lenders are looking to work with bad credit borrowers to help them get the financing they need, at a reasonable interest rate, while helping them build up their credit at the same time. Consider if you take out a personal loan to remodel your bathroom, and you pay off the total sum of the loan over 36-months, you will then have all those on-time payments and a successful loan completion on your credit score. Those are the kind of credit report activities that will help to maintain and boost your credit score.

If you are unsure of what your credit score actually is you should check your credit. If you have some time to spare before needing to borrow money you should work on improving your credit score before applying. Alternatively, you may have a willing cosigner with good credit. If you do, you should apply for a loan with a cosigner. At Acorn Finance you can check personal loan offers with or without a cosigner. Checking offers at Acorn Finance does not impact your credit score. If you already have bad credit, you will want to be especially cautious about any actions that may affect your credit score. Actions that can impact your credit score include hard credit checks, missed payments, or new debt.

What credit score do I need to get a personal loan?


People who are seeking a personal loan and have bad credit should try to ensure their credit score falls somewhere between 610 and 640. Though a credit score in this range would still be pretty low, it still is not low enough for a lender to immediately disqualify you. Having a credit score in the 610 to 640 range will get your foot in the door and get the conversation started. You may be asked some additional questions about your income, cash flow, and other financial information to give them a more accurate picture of your overall creditworthiness, but if everything looks in order on their end, they may be willing to help you secure the personal loan for the loan amount that you would like.

If you find your credit score is below 610, that may be ok as well. You may have even higher requirements of income flow and a lesser threshold for debt-to-income ratio, but you may find a lender who is willing to work with you.

What is the minimum credit score to get a personal loan?


The minimum credit score to get a personal loan can differ depending on the lender and whether you are looking for an unsecured personal loan or a secured personal loan. A secured personal loan may allow you to qualify with a much lower credit score. The catch is you are going to have to borrow against the value of your home, the title of your car, or maybe an RV or boat. By securing the loan with an asset with tangible financial value, more lenders are willing to give you a large break when it comes to your credit score.

If you are looking for an unsecured personal loan, the threshold is going to be a bit higher because, although there are real consequences for defaulting on an unsecured personal loan, the process for the lender to try to recover their investment can be sometimes expensive and maybe not even worth their time. They sometimes just will have to take a hit. A person who defaults on an unsecured personal loan will take a hit as well. A hit to their credit score and a record that will make it extremely difficult for you to acquire credit in the future.

For that reason, lenders typically want to see a credit score in the 610 to 640 range for an unsecured personal loan. They will also want to see a steady monthly income and a low credit usage with not a lot of pre-existing debt.

Can you get a personal loan with a 600 credit score?


Getting a personal loan with a 600 credit score should be manageable. Though lenders typically want to see a credit score of 610 or above, some lenders will let someone with a 600 credit score take on a new line of credit, especially if they see a strong cash flow and low debt holdings already on your credit report. If you have a credit score of 600 and you are unsure if you would qualify for a personal loan or not, you can always try to pre-qualify to see what the results may be. If you do qualify, you can then get an idea of what kind of interest rates and fees you may have to pay. If you do not like what you see, then go ahead and spend a little time improving that credit score to get you where you need to be so that taking on a new personal loan will not cost you more than you are comfortable with.

What lenders provide personal loans for bad credit?


There are a few lenders in the financial industry that will refuse to work with bad credit borrowers and they only cater to the good to excellent credit borrowers. But, remember, that is the exception, not the rule. Most lenders are in the business of making money, and even if you have bad credit, if they think you can be trusted for the loan amount that you are looking for, they are going to give it to you in order to make their profits in interest and fees. When searching for a lender that can offer you a personal loan with bad credit, you should check offers at Acorn Finance. If none of our lending partners can help, you can try Googling lenders that help borrowers with bad credit. Before applying with a lender always make sure you verify their legitimacy.

How to get a personal loan with bad credit?


If you are looking to get a personal loan with bad credit, you should first see if you can pre-qualify for the loan amount you are looking for. If you can qualify, then you can start to shop lenders to see what kinds of interest rates you can begin to plan into your overall budget for your home improvement project or whatever reason it is you are seeking the financing for. If you are unable to qualify or are uncomfortable with the offers you receive you should work on improving your financial status before moving forward with a loan.

What is considered bad credit when looking for personal loans?


In general, a bad credit score is usually classified as a FICO score between 350 to 579. If your credit score is within this range you probably won't qualify for a personal loan unless you have a cosigner. However, one point can make a difference. Some lenders will consider borrowers with a credit score between 580 to 600.

Which bank has the lowest interest rate on personal loans?


Many lenders are now offering low interest personal loans that can be used for just about any purpose. While you may see some 'too good to be true" interest rates advertised, you may or may not qualify for them. Banks can take a number of factors into consideration when determining a borrower's eligibility. Different banks may also have different promotions so you'll need to do some shopping to see who will provide you with the best rate.

What is the best low interest loan?


The best low interest rate loans will vary from lender to lender. A borrower will usually get the best rate if they have a high credit rating, stable employment, good income, and a low debt-to-income ratio. The best type of low interest loan can depend on what you are trying to purchase or do. If you are trying to purchase a vehicle, you may be able to secure a promotional offer through a manufacturer. If you are trying to make home improvements, a personal loan may be the best option. Borrowers that can secure a loan with cash or collateral, may be able to lock in a lower interest rate.

How can I get a low interest personal loan?


It may be a good first step to check your credit score before applying for a personal loan. Being aware of what your credit score is may help you manage expectations. If you have a less than perfect credit score you should not expect to qualify for the lowest advertised rate.
Your credit score will have a significant impact on the rate you are offered. Whether you have good or bad credit you shop around for the best offer. However, be careful when doing so, as lenders may pull your credit to generate offers. To check multiple offers with no impact to your credit score, visit Acorn Finance. Our lending partners can offer APRs as low as 6.99%, depending on credit score.

Which bank gives the fastest personal loan?


A number of banks and lenders can fund loans the same day or the next business day. In these instances, borrowers usually have a high credit score and are prequalified. You can apply online to see if you prequalify and what documents you may need to provide to your lender to complete the process. The timeliness of your correspondences and submission of any requested documents can impact the speed of the approval and funding process. Individuals that work with an Acorn Finance lending partner can receive funds in as little as 1 business day, although funding times may vary.

What is a good loan rate now?


Loan rates depend on the amount borrowed, the length of the term, and the borrower’s credit score. In some cases, better rates are offered when the client sets up auto pay with the loan.

What's a good APR for a loan?


The APR is the annual percentage rate on the loan. It is the yearly rate of interest charged to the loan. Since most loans charge interest monthly the effective interest rate is higher because it is compounded. A low APR loan is one where the APR is below average. The lower the APR the less interest costs you will have to pay. Keep in mind that only about ¼ of Americans have a “good” credit score. Averages may reflect a large pool of borrowers that have less than perfect credit.

What is the max personal loan I can get?


The maximum amount of a personal loan a borrower can get depends on what they qualify for. Your credit score, income and the amount of debt you are already carrying will all have a significant impact on the amount you can borrow. Some lenders will offer loans up to $100,000 but most will have a maximum of about $35,000.00-$50,000.00

What is considered a low interest rate on a loan?


A low interest loan is hard to define since it depends on so many factors. This is why it's important to compare offers so that you know what a low interest rate and fair offer look like for your credit history. What is considered a low interest rate may also vary depending on the type of loan. In some cases, it may be helpful to consider the total amount of interest you will pay during the life of the loan. While an interest rate may sound high or low, evaluating the total cost may help you put things into perspective. For large loans, you will want to be especially mindful of total loan costs. You may want to consider going with a shorter term to save money on interest while paying the loan off faster.

What is the easiest loan to get approved for?


The lesser the loan amount, the easier the loan may be to secure. Shopping for the best personal loan offer may be the most time consuming part of the process. Utilizing a platform like Acorn Finance can save you tons of time while helping you secure a good deal.
However, if you have bad credit, it may not be easy to qualify for any type of loan. We strongly encourage individuals with bad credit to apply with a cosigner or work on improving their credit before applying for a loan.

What is the current interest rate on a personal loan?


Right now, personal loans come with a wide range of interest rates. The rate will depend on your lender, the qualification criteria of the lender, the amount you want to borrow, and the term you want.

Closing Thoughts

If you have been thinking about getting a personal loan, now might be a great time to do it. Personal loans can be used for any purpose and at the moment, rates are at historical lows. It is best to determine how much you need, check your credit score, and shop around to get the best deal for you.

Before you determine if now is the time for a personal loan, you should see what you can qualify for. For some, there may be a significant opportunity to lock in a low interest rate for a personal loan. For others, there may not be.

If you are considering a personal loan, check offers first. Acorn Finance has trustworthy lending partners that can offer personal loans with competitive APRs depending on your credit score. Individuals can discover simple and competitive payment options through Acorn Finance. At Acorn Finance, you can submit one application and receive loan offers in 60 seconds or less with no impact to your credit score. Once you have claimed the best offer and finalized the loan, you can receive funds quickly.

Do you qualify for a low interest personal loan? Check offers today!

In conclusion, Acorn Finance offers competitive rates for personal loans. Comparing lenders is important if you decide to use a personal loan. Most likely, many lenders will be competing to secure your loan. This means you have the ability to shop rates and terms and make sure you get the best deal.

Acorn Finance allows users to access the best personal loan offers within minutes. You can start by submitting an application that does not affect your credit score. Once you submit the application you can receive multiple personalized personal loan offers within seconds. You can review your offers and choose the best personal loan offer. If you are not ready to accept the offer you can return to where you left off at a later date. Most offers are valid for 14-30 days.

Acorn Finance is a reputable company that offers free services. Their services allow you to input your information to one application and receive offers from multiple lenders, making it easy to discover the lowest APR on a personal loan.

Three steps to get pre-qualified for a personal loan with Acorn Finance:

  1. Complete and submit a short loan application online
  2. Receive multiple pre-qualified offers
  3. Get connected with lenders to obtain your pre-qualified loan

Discover low APR personal loans today... check offers for financing online now!

Why are low interest rates important on a personal loan?


When applying for any financial product, consumers always place importance on interest rates. But why? The truth is that interest rates are important for a number of reasons. You will want to obtain financial services and loan products that have the lowest rates possible.
The reason for this is that lower rates lower the amount you will pay over the lifetime of your entire loan. If you are paying 5% interest every month for 5 years, this is significantly lower than if you are paying 15% interest every month over the same time period.
In addition, your interest rate also has a big influence on your monthly payment. If you have a $300 loan payment at 6% interest, you could be paying just $18 each month in interest. However, let's say that your interest rate is on the higher end at 25%. In that case, you could pay $75 each month in interest. That higher interest can make a big difference in your budget if you are living paycheck to paycheck or struggling to make ends meet. Even if you have plenty of extra money, you will want to spend as little as possible on interest.
In summary, low interest rates are important because they save you money. Even the slightest change in your interest rate can cost you thousands of dollars throughout your total repayment period. This is what makes obtaining a low interest rate such a crucial part of the loan application process. So before you sign on the dotted line on your next personal loan, be sure to shop around, improve your credit score as much as possible, and consider using a cosigner when necessary. These steps can ensure that you lock in the best possible rate on your personal loan and take advantage of the potential financial savings.

What affects your personal loan rates?


There are a number of things that can affect the interest rate you get on your personal loan.
Without a doubt, the biggest factor that influences interest rates is your credit score. In general, the higher your credit score, the better the interest rate you will receive, and the more money you can save over the lifetime of your loan. Luckily, if your credit score leaves some room to be desired, there are ways that you can quickly increase your credit score before applying for a new loan. You can request credit limit increases on all of your cards, pay down debt, dispute inaccurate information, and even ask your lenders to forgive prior late payments and other derogatory marks on your credit report as a courtesy. Lenders may also look at your debt-to-income ratio as part of the evaluation of your overall financial health.
Interest rates are also influenced by something called the Federal Prime Rate, which is a rate that all financial institutions use as an index in setting their own rates for customers. This rate is simply a benchmark – not a rule – so it is possible to find loan products with rates that are below this rate, either as promotional offers or on certain secured loan products like mortgages or car loans. However, most financial institutions' rates will closely follow this federal rate. This rate is the reason why you often hear on the news about "rates dropping" or "rates climbing". When you are applying for a financial product like a personal loan, keep an eye on which direction interest rates are currently trending. If it seems that interest rates will be trending downward soon, you may want to consider waiting for rates to drop.
Lastly, your personal loan rate can be affected by the type of financial institution that you apply with. In general, credit unions offer lower rates than traditional banks due to their non-profit, member-owned model of doing business. The same holds true for online lenders which in many cases offer lower interest rates than credit unions and banks. It always pays to shop around and find the best possible rate before committing yourself into a contract for any financial product.

What banks offer the cheapest loans?


The best loan is the one that offers the terms and features that you need. Comparing loans from multiple financial institutions is the best way to determine which loan is cheapest for your personal situation. Your income and credit score will heavily influence your loan terms and rate.
What makes a loan cheaper from one financial institution than another? There are a few things to look at when trying to find the most affordable loan. You will want to keep an eye on interest rates and be sure to obtain a loan with the lowest rate possible. In addition, watch out for origination fees. An origination fee is essentially a processing or administration fee usually charged at the beginning of the loan. It may be paid upfront or added into the total amount of your loan. Ideally, the financial product you receive will have little to no origination fees.
In addition to origination fees, it is also important to read through your full loan agreement and understand the other types of fees that are possible, such as late fees, annual fees, and prepayment penalties. The best loan products will have little to no fees.
Another way to find the "cheapest" loan is to find a bank that offers a wide range of repayment periods. If you apply for a loan with an extended repayment period, it can make your loan seem like a better deal. The longer you stretch out the life of your loan, the lower your monthly payments will be. However, it is important to note that while this will make your loan seem cheaper upfront, you will be paying out more cash over the lifetime of the loan. So if you can swing it, the true "cheapest" loan is the one with the shortest repayment periods. Either way, a bank that offers options for repayment periods will be able to offer you what you need.
Lastly, some financial institutions offer lower rates and fees and other discounts to their loyal banking customers, so be sure to check with your own bank or credit union before applying for a loan through an online lender.

What is a good low interest rate on personal loans?


So what exactly qualifies as a "good" rate on a personal loan? Every financial product from mortgages to car loans has their own range of what is considered a good or low rate.
In general, interest rates on a personal loan are lower than with other kinds of financial products like credit cards and payday loans. On the other hand, rates for personal loans can be higher than other types of secured loans (like mortgages and auto loans) because those types of loans carry less risk. The rate you receive can depend on many factors like your credit score, your debt-to-income ratio, current federal rates, and the discretion of your financial institution.
Of course, this rate can vary drastically depending on your credit score and other factors. All of the financial institutions featured in our list above have starting rates that sit well below that national average. However, keep in mind that rates can climb up or down based on your credit score. If you do not have a high credit score, consider using a cosigner to ensure that you lock in a good low interest rate on your next personal loan. Having a cosigner with an excellent credit rating can allow you to access prime rates even if your own credit score is not up to par.

Can you consolidate debt with a low interest personal loan?


Yes, you can absolutely consolidate debt with a low interest personal loan. In fact, this is one of the most popular uses for a personal loan. While some financial institutions specifically market one of their loan products as a debt consolidation loan, the truth is that any debt consolidation loan is essentially a personal loan.
This is because personal loans typically do not have any restrictions on what the funds that you receive can be used for. Unlike other financial products where the funds are earmarked for a specific purpose such as a car or a home, the money that you get from applying for a personal loan is simply cash that can be used for anything the borrower wishes to use it for, such as paying off existing debt. Once you receive your payment from a personal loan, you can use the lump sum to pay off the balances on your credit cards, medical bills, or any other debts that you need to consolidate.
Taking out a personal loan that has a low interest rate makes the case for debt consolidation that much stronger, since you will likely be paying off credit cards with very high interest rates. This means that even though you are still paying off the same amount of debt, you are now paying off 1 loan with a low fixed interest rate, instead of multiple cards with a high interest rate. This can save you thousands of dollars over the lifetime of the loan until your debt is gone. Many consumers find low interest personal loans for debt consolidation an extremely beneficial arrangement. Get started saving money today with an online application for a personal loan from any of the featured lenders above. Your bank account and credit score will thank you!

One home, endless possibilities


Personal Loan Information