Personal Loan Guide

What is a personal loan?

A personal loan is a money loan used for your own financial needs. Personal loans can be used to pay for big purchases like vacations and weddings or credit card debt. The loan can pay for any expense and you are not restricted to one purchase. Personal loans are given in fixed amounts and repaid over a predetermined amount of time to the lending company.

Why get a personal loan?

You choose how to use the money

Personal loans can be used for any financial purpose. The funds can be used for multiple, non-related purchases unlike mortgages or student loans. Loans can often exceed credit card limits. Personal loans can cover anything from medical expenses and debt to home renovations and weddings. Get personal loan offers to meet your financial goals.

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What is the benefit of a personal loan?

Typically no collateral or pledge of security

Personal loans are usually distributed as an unsecured loan that does not require collateral. A high credit score and minimal debt can secure this loan but co-signer and secured collateral offers are also available. Lender Daily wants to help you find the right personal loan so you can enjoy your financial security. Learn more about your personal loan options.