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Personal Loans is a very reputable company that has helped many thousands of people to secure the money they need for many different situations. Unlike many similar companies, this service has very few restrictions on what they will lend money for. 

PersonalLoans.Com Review

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<p>They also do not focus exclusively on one category of people. Instead, anyone who needs a personal loan for almost any reason will be able to apply for it here.<br></p><p>They offer loans ranging from $1000 to $35,000, which is a larger range than many other similar companies can offer. The interest rates for their loans range from 5.99% to 35.89% depending on a variety of factors. When this broker gathers your information, they will use it to work with dozens of different lenders to find the one that can provide you with the best loan terms. If you have good credit, your interest rate will be on the lower end of this range. Those with low credit scores will be paying higher interest, but in most cases can still get approved.</p><h2><strong>Loans and Policies Breakdown</strong></h2><p>The specific terms of your loan will be determined by the lender that approves your loan. When you fill out the simple application on PersonalLoans.com, the various lenders will be able to decide if they want to offer a loan or not. If they do, they will let you see things like the amount you are approved for, the length of the loan, payment amounts, and interest rate all up front. This way you can decide if you want to actually go forward with the loan or not.</p><p>There are very few restrictions on what you can use your loan for, which is very convenient. Some of the options that they have loans available for include the following.</p><h2><strong>Debt Consolidation (Relief)</strong></h2><p>It is not uncommon for people to get into a situation where they have to make payments on many different credit cards, loans, auto loans, and other things each month. This is not only inconvenient to keep track of but can also make the total cost rise above what you can afford. A debt consolidation loan will put multiple different debts into one convenient payment. You can often make it so your single payment is significantly lower than the total of all the payments were before.</p><h2><strong>Credit Card Refinance</strong></h2><p>Credit cards often have high interest rates that can make it difficult to actually pay down the principal. If you have a lot of credit card debt, you can work with Personal Loans to refinance the debt into a more convenient format. For many people, it will be possible to significantly reduce the interest that needs to be paid each month so they can make progress on their financial situation.</p><h2><strong>Emergency Situation</strong></h2><p>If you run into an emergency and need money fast, a personal loan can be a great option. One of the most common examples of this is if you need a medical treatment done. Being able to get the money to pay for the procedure now can literally be lifesaving. Personal Loans can provide you with the financing you need for many other types of emergencies as well. Some people will even use personal loans as their own emergency fund to get money when they need it for things like appliance repair and more.</p><h2><strong>Auto Purchase or Repair</strong></h2><p>Having a reliable vehicle is essential for most people. If you need to purchase a new vehicle or need some extra cash to pay for a repair on your existing car, this company will be able to help. They allow loans of between $1000 and $35,000 so you can get a reliable car that will fit into your specific budget. No matter what type of car you are looking for, this company can help you to get the financing in place while you shop.</p><h2><strong>Moving</strong></h2><p>Moving to a new location comes with a variety of different expenses. Do not pass on an opportunity to move somewhere you want to live just because you don’t have the cash needed for a moving truck and other resources. Personal Loans can get you a fast loan and have the money into your account within just a day or two. For many people, having a small loan to move locally is a convenient option that will make the entire experience easier.</p><h2><strong>Business Loans</strong></h2><p>If you are running a business, or thinking about starting one, you may need to have some extra capital available. Personal Loans offers you fast and convenient options for getting a business loan that will help you to operate without concern. You can use your business loan to meet payroll, buy equipment, expand your business, or do any number of other things.</p><h2><strong>Pay Taxes</strong></h2><p>If you discovered that you had an unexpected tax bill, it is important to find a way to pay it as quickly as possible. The last thing you want to do is owe money to the IRS. PersonalLoans.com can provide you with the money you need to pay your taxes fast.</p><h2><strong>Rent or Mortgage</strong></h2><p>If you need some extra money to pay your rent or even purchase a home, Personal Loans is a great option to consider. They have loan options that come in many different sizes and terms, which means you will have the flexibility to get what you need. You can also spread the loan payments out over time to make it easier to keep your finances in order going forward.</p><h2><strong>Student Loans or Education</strong></h2><p>There are few things more valuable in life than an education. Do not let a lack of available cash prevent you from signing up from classes and improving your knowledge. This company can help you to get a loan quickly so that you can pay for your education right away. This is ideal for working adults who want to go back to school so they are in a better position for the future.</p><h2><strong>Loans and policies breakdown</strong></h2><h3><strong>Peer-to-peer loans</strong></h3><p>This type of loan is a growing alternative to traditional banks. They involve borrowing money from individuals or companies, known as ‘peer’s, rather than typical financial institutions.</p><p>PersonalLoans.com will pair you up with an interested investor, and the reason you want the loan will be disclosed to them. Your peer investor will then decide whether they’d like to offer you the loan. If you have a good credit rating, peer-to-peer loans can be ideal for low interest rates.</p><p>The PersonalLoans.com policy is as follows:</p><ul><li><p>You must have a minimum credit rating of 600&nbsp;</p></li><li><p>You must be able to evidence income of at least $2,000 per month</p></li><li><p>Loans between $1,000 and $35,000</p></li><li><p>Interest rates vary between 2.47% and 35.99%</p></li><li><p>Repayment options range from 90 days to 6 years</p></li><li><p>No guarantee of getting the money quickly, as peer-to-peer loans may take longer to approve</p></li><li><p>You’ll be charged an origination fee between 1% and 5% of a loan’s value</p></li></ul><h3><strong>Bank loans</strong></h3><p>PersonalLoans.com can match you up with a number of national banks and local banks within your state. Banks may require a little more information from you, and you’ll need to be able to prove you’re earning a higher salary than you do with other loans. Other features of the bank loans are:</p><ul><li><p>You must have a minimum credit rating of 580</p></li><li><p>You must be able to evidence income of at least $3,000 per month</p></li><li><p>Loans between $1,000 and $35,000</p></li><li><p>Repayment options range from 90 days to 6 years</p></li><li><p>Some banks are able to get the money to you within 24 hours</p></li><li><p>Interest rates vary between 5.99% and 35.99%</p></li></ul><h3><strong>Personal installment loans</strong></h3><p>These are similar to bank loans, only you’ll be lending via a third-party financial institution instead. Different federal and state laws may apply to these types of loans, and PersonalLoans.com encourages borrowers to do their own research into these.</p><ul><li><p>You must have a minimum credit rating of 580</p></li><li><p>You must be able to evidence income of at least $2,000 per month</p></li><li><p>Borroq between $1,000 and $35,000</p></li><li><p>Repayment options range from 90 days to 6 years</p></li><li><p>Interest rates vary between 5.99% and 35.99%</p></li><li><p>There are usually fast turnaround times on approvals and deposits</p></li></ul><h2><strong>Key advantages of PersonalLoans.com</strong></h2><p>PersonalLoans.com is a great choice if you have a middle-to-low credit rating. It’s quite likely you’ll be paying a higher interest rate, but at least you’ll have options. Additionally, taking out small loans and being able to repay them quickly will boost your credit rating.</p><p>The application can be completed in just three short steps and requires you to fill in only basic information. Although a full list of partner lenders isn’t disclosed, you’ll find a lot of flexible loan options available.&nbsp;</p><h2><strong>Downsides of PersonalLoans.com</strong></h2><p>While it is nice that Personal Loans offers loans to people with just about any credit score, those with poor credit will need to be careful. The top end interest rate of over 35% can make it a challenge to repay the loans. In addition, some of the lenders charge origination fees and other things that could make the loan unreasonably expensive. For most people, however, as long as they read the terms before accepting a loan, it will be a great option for securing money when they need it most.</p><h2><strong>Summary</strong></h2><p>PersonalLoans.com is a great choice if you’re only looking to borrow a small amount of money and pay it back quickly. It’s a good lender to start building your credit with before you move on to other providers that can lend larger amounts.</p><p>PersonalLoans.com only connects you to lenders, and each operates with different policies and repayment terms. This means you could be subject to high charges and fees with certain lenders. Always take care to check every clause in your contract first.</p>