To find the best unsecured personal loan options for you, we compared loan costs, term lengths, fees, customer service availability and other features among 44 different lenders.

The total number of personal loans is 29.3 million, spread among the 24.2 million consumers who have at least one loan. The average debt per borrower rose from $8,758 in the third quarter of 2019 ...

Some lenders let you take out multiple personal loans, but they may cap the total amount you can borrow. Your eligibility ...

Secured personal loans are loans backed by collateral. This means to secure the loan, you must offer the lender an asset like money deposited in a bank account, a vehicle or your house.

Brick-and-mortar banks that offer personal loans can be a good option if you prefer to work with your lender face ... Being member-owned means that members get to vote on the board of directors, ...

Personal loan costs. There are three main numbers to consider when weighing the cost of a personal loan: Monthly payment — this is the amount you pay each month toward the interest and principal ...

U.S. personal loan balances hit a record high of $253 billion in the first quarter of 2025. ... Board of Governors of the Federal Reserve System (2025).

Personal loans can be used for almost anything — here are expenses they can't cover Select breaks down some expenses you can't use a personal loan to pay for.

According to the College Board, 12% of all student loans taken out for the 2023-24 school year were federal parent PLUS loans. However, for some borrowers, a private parent loan might be a better fit.