Uses for a personal loan

We also made the process simple. No need to visit hundreds of websites and fill out numerous paperwork. The Need for Speed. Our online service readily serves your need to connect with a lender. The process takes a few minutes. Fill out our secure online form and we send an encrypted copy to an authorized lender to approve.

Uses for a personal loan

You can pay off your debt before the end of the loan term if you come into some cash. But watch out for early repayment fees. Many lenders levy a penalty for early repayment, which could uses for a personal loan out any potential interest savings. Some lenders also charge arrangement fees for personal loans, which you should factor into your cost calculations.

Payment protection insurance. A lender will probably try to sell payment protection insurance (PPI) sometimes known as Accident, Sickness Unemployment cover when you take out a loan. PPI is intended to cover the loan payments if you cannot work, perhaps if you lose your job or fall ill and it can be useful.

However, its important to read the small print of any policy and to understand the various exclusions.

You should also shop around for the best price and not automatically accept the deal on offer from your lender. How our site works.

Uses for a personal loan

Payday loans can ruin your family's finances. Interest rates can top 1,000, and nearly half of borrowers default inside two years. Explore other options. Search the alternatives below, borrow from friends or family, ask your boss for an advance, or even use a pawn shop - anything but a payday loan. Interested in speaking to certified credit counselor in your area right now. Loading your loans.

Uses for a personal loan