Loan options

A personal loan is one way to consolidate debt or to pay for major expenses. It offers fixed interest rates and fixed monthly payments for the life of the loan. A personal loan is best for one-time funding, or if you know the entire cost of your project up front. You receive the loan in one lump sum.

Line of credit options

If you need ongoing access to funds, or if you don't know the full cost of a project, a personal line of credit may be better. With a personal line, you can use the credit as needed, and only pay interest on the funds you borrow.

Why choose a personal loan or personal line?

Personal loans and personal lines of credit are both unsecured loans, meaning they don’t require collateral.

More questions about loans and credit? We have answers.

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Understanding how loans and credit work is critical to good financial health. Brush up on what you know about borrowing money.

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