Whether you need just $1,000 or even $20,000+, personal loans help you pay for pretty much anything (even with low credit). Click here to learn about the perks of personal loans and how you may apply.
If you’re looking for extra cash to pay your bills, make a big (or small) purchase, or even consolidate some debt, it’s hard to beat the flexibility of personal loans. That’s because these loans come in almost any amount and give you real cash that you can use on any purchase.
Pay for Anything You Want
Unlike car loans, home loans or even student loans, personal loans don’t come with many restrictions. You can use the cash from a personal loan to:
- Pay off credit cards.
- Pay bills.
- Remodel your house.
- Buy a car.
- Refinance debt.
When it comes to what you can spend your personal loan money on, the sky’s the limit.
Get a Personal Loan Even With Bad Credit
Personal loans range from anywhere between $1,000 to $100,000 depending on the credit score and needs of the burrower. However, even with bad credit, you can still easily get loans under $10,000 from many different lenders.
Your credit is only one factor that lenders look at. They also see your repayment history and your trustworthiness with other lenders. Find out more about how you can qualify for a personal loan with bad credit below!
Get Low Interest Rates
Personal loans also come with competitive interest rates, which makes it easier to find a loan that will work for your needs.
Interest rates are calculated based on your credit score and other factors such as your previous loan history. Usually, lenders charge between 7 to 9% interest on a personal loan but this amount can be less or more depending on the lender and borrowers financial history.
On average, you can expect to pay back a $10,000 personal loan within 3 years at an interest rate of less than 9%.
Another great thing about personal loans is that you can get a low interest rate even if you have a bad credit score. Even if you get an interest rate of 10%, you are still better off taking out a personal loan than putting a large or unexpected expense on a credit card, which charges a much higher interest rate.
By Admin –