Personal Loan FAQs & Basics

Personal Loan Monthly Payments Calculator Calculate the estimated monthly payments and total interest costs on a personal loan based on your credit score, interest rate, loan amount, and repayment term. Simon Zhen Thomas (TJ) Porter Credit Card vs. Personal Loan: Which is Better to Fund a Big Purchase? If you’re looking to make a large purchase but don’t have enough money to do so,... Thomas (TJ) Porter When Should You Use a Personal Loan in an Emergency? Personal loans are versatile financial tools. You can use a personal loan for... What You Need to Know About SBA Loans Take into consideration all the different types of SBA loans and how they work before you apply for one to help get your small business started. Nicole Dieker Should You Use a Personal Loan to Finance a Lawn Mower Purchase? Find out whether a personal loan is a good option to finance the purchase of a new lawn mower -- whether it is for personal use or for a business. Thomas (TJ) Porter Ben Luthi Should Use Personal Loans to Pay for Lawyer and Legal Fees? The average everyday person doesn’t need a lawyer that often. So if you do,... Thomas (TJ) Porter What Are Credit Builder Loans and How Do They Work? Your credit score is a major part of your financial life. The score tracks how... Should You Choose Fixed-Rate or Variable-Rate Personal Loans? Compare fixed-rate and variable-rate personal loans to see how they work when it comes to calculating the APR on the loan. Thomas (TJ) Porter Personal Loan vs. Small Business Loan: Which Is Better? Compare the benefits and drawbacks of using a personal loan or a small business loan. Learn their differences before choosing one for your business. Valencia Patrice Higuera Thomas (TJ) Porter What is a Good Loan-to-Value (LTV) Ratio? If you’re making a large purchase, you’ve probably heard of a number of different... Thomas (TJ) Porter Should You Use a Personal Loan to Start a 0Business? Nearly anyone can start a business. All you need is an idea for a product, a way... How to Calculate and Reduce Your Debt-to-Income Ratio Learn why you need to care about your debt-to-income ratio when you apply for a major loan, such as a mortgage, auto loan, or personal loan. Thomas (TJ) Porter Personal Loan vs. Line of Credit: Which is the Right Option for You? Compare the benefits of personal loans and lines of credit to figure out which one is better for your borrowing needs. Thomas (TJ) Porter Valencia Patrice Higuera Unsecured Auto Loans: What’s the Catch? Some car dealerships make the car buying experience easier for customers by... Thomas (TJ) Porter Which Lenders Accept Co-signers for Personal Loans? Getting a personal loan can be a big help if you have an unexpected financial... Can You Refinance Your Personal Loans? Find out whether you can refinance an existing personal loan and see your options for paying off your old personal loan. Thomas (TJ) Porter Rejected for a Personal Loan? 6 Steps You Should Take Now Find out what you can do after being rejected for a personal loan and learn about the key factors that could affect your chances of approval. Thomas (TJ) Porter Valencia Patrice Higuera Should You Take Out a Personal Loan to Pay Your Rent? Renting an apartment can be cheaper than buying a home, which requires a down... Thomas (TJ) Porter Should You Take Out a Personal Loan for Family or Loved Ones? You might find yourself in a situation when a family member, friend, or loved one... Should You Use a Personal Loan for Moving Expenses for a New Job? Learn about the pros and cons of using a personal loan to pay for the moving expenses after getting a new job. Thomas (TJ) Porter Balance Transfer Credit Card vs. Personal Loan for Debt Consolidation Learn about the differences when using balance transfer credit cards and personal loans for the purpose of consolidating high-interest debt. Thomas (TJ) Porter Paul Sisolak Should You Use Personal Loans for Medical Bills? All it takes is one major medical bill to create many financial problems, even for... Thomas (TJ) Porter Can You Negotiate the Interest Rate on a Personal Loan? People commonly haggle when they’re making a purchase, big or small. Whether you... How to Get Santander Bank Loans Find out what types of loans are offered by Santander Bank and learn which one is the best fit for your borrowing needs. Thomas (TJ) Porter How Personal Loans Differ From Payday Loans Learn the differences between personal loans and payday loans to help you choose which one is better for you. Rebecca Lake Paul Sisolak The Best Long-Term Personal Loans Compared Part of what makes personal loans so appealing is the variety of uses you can put... Thomas (TJ) Porter 6 Personal Loan Fees That You Need To Know Every loan comes with interest, the extra amount you have to pay for the privilege... How to Use Personal Loans to Refinance Student Loans Learn how to use personal loans to refinance student loans, whether they're federal or private loans -- subsidized or unsubsidized. Find out the benefits and drawbacks of consolidating student debt. Compare the personal loan options from banks, credit unions, and online lenders for the best rates. Paul Sisolak Where to Find Small Personal Loans Find out where you can find small personal loans when you just need a little bit of extra money to get by. Compare your options from banks, credit unions, and online lenders to see which one offers the small-dollar personal loan that fits your needs. Simon Zhen