• Consolidating debt
• Financing a wedding or other major event
• Funding home improvements
• Covering unexpected expenses
• Financing a business venture

Personal loans often have fixed interest rates and repayment terms, and can be borrowed from banks, credit unions, or online lenders.

Some key benefits of personal loans include:

• Consolidating debt
• Fixed interest rates
• Predictable repayment terms
• Potential for lower interest rates than credit cards