{"id":12185,"date":"2020-05-28T15:31:04","date_gmt":"2020-05-28T22:31:04","guid":{"rendered":"https:\/\/financer.com\/?p=12185"},"modified":"2024-01-19T20:21:22","modified_gmt":"2024-01-20T04:21:22","slug":"where-to-get-a-personal-loan","status":"publish","type":"post","link":"https:\/\/financer.com\/loans\/articles\/where-to-get-a-personal-loan\/","title":{"rendered":"Where to Get a Personal Loan"},"content":{"rendered":"\n
There are many different places to take out a personal loan from. In this article, we’ll look into what’s the best place for you.<\/strong><\/p>\n\n\n\n If you need a cash injection, you are probably inundated with lending options. But what are the best places to get a personal loan?<\/p>\n\n\n\n You should get a personal loan when it is the cheapest way to gain credit. <\/p>\n\n\n Whether you want a loan for home renovations or to consolidate debt<\/a> finding the best loan with an excellent personal loan rate<\/a> is going to be the top priority.<\/p>\n\n\n\n Where to get a loan at the best rates? Well, it depends.<\/p>\n\n\n\n There are plenty of lenders that you could get a loan through, depending on what you need the money for and how much you need.<\/p>\n\n\n\n Ask yourself these questions:<\/p>\n\n\n\n Figure out these questions before you decide where to get a personal loan<\/a> from.<\/p>\n\n\n\n If you want to know where to get a personal loan, here are a few options: <\/p>\n\n\n\n Banks offer personal loans as one of their many lending options.<\/p>\n\n\n\n Their terms and rates will vary considerably. If you have a checking and savings, account then getting a loan can be simple as they have a record of your spending and income.<\/p>\n\n\n\n They can offer higher loan amounts<\/strong> than some other companies and do have competitive lending rates. <\/p>\n\n\n\n Personal bank loans can go as high as $100,000 with us different repayment options. Banks prefer customers with high credit ratings and a history of consistent income.<\/p>\n\n\n\n The downside with banks, especially, is they can take weeks to process applications<\/strong>, and they have strict lending policies. <\/p>\n\n\n\n Those lending policies can eliminate the ability to have your loan application approved.<\/p>\n\n\n\n If your credit is on the lower end of the scale or you have inconsistent paychecks, then there is a less likely chance that your loan will be approved.<\/p>\n\n\n\n If your loan is approved, banks may offer a higher loan rate, which can make lending unaffordable. If you do not meet the lending criteria, they may ask you to put up personal collateral, such as your car or home.<\/p>\n\n\n\n Credit unions are non-for-profit institutes and, therefore, can offer more competitive rates than some banks.<\/p>\n\n\n\n Often applicants with lower credit ratings will be considered for lending.\u00a0 The negative with credit unions is that they are member-based.<\/p>\n\n\n\n To apply for a loan, you will have to become a credit union member. Membership is determined by location, employment, and other affiliations, which can make it a challenge to get a membership.<\/p>\n\n\n\n You should be able to find a credit union that you can join in your area. <\/p>\n\n\n\n If you have good credit, then a credit union loan may be the cheapest way for you to get a personal loan, especially on the higher end.<\/p>\n\n\n\n Online lending is a massive industry that has become very competitive.<\/p>\n\n\n\n Their offer rates and APRs<\/a> can rival banks and credit unions. There are many options when it comes to online lenders, but finding the right lender can be easy. <\/p>\n\n\n\nBest Place To Get a Loan Depends on Your Needs<\/h2>\n\n\n\n
Good Places To Take Out a Personal Loan<\/h2>\n\n\n\n
1. Banks<\/h3>\n\n\n\n
2. Credit Unions<\/h3>\n\n\n\n
3. Online Lenders<\/h3>\n\n\n\n