Personal Loans Articles & Guides | Top 10 Personal Loans

Personal Loans: When Are They a Good Idea and When Are They Not?

Personal Loans: When Are They a Good Idea and When A...

Oct. 13, 2019 / Nadav Shemer

If you’re in need of a large sum of money to pay off credit-card debt or fund a large purchase, a personal loan can be a tempting option.

The Ultimate Guide to Personal Loans

Oct. 13, 2019 / Top10.com Staff

From peer-to-peer lenders and micro loan websites to major brick and mortar banks, there are all types of avenues to find your personal loan. Befor...

The Top Personal Loan Providers for Funding Holiday Purchases

The Top Personal Loan Providers for Funding Holiday ...

Sep. 26, 2019 / Top10.com Staff

‘Tis the season for early holiday gift shopping–and for figuring out how to fund all those expensive purchases.

Ask the Expert: Everything You Wanted to Know About Personal Loans But Were Too Afraid to Ask

Ask the Expert: Everything You Wanted to Know About ...

Sep. 23, 2019 / Top10.com Staff

Taking the time to research—and in particular getting some expert advice—can help you make sure you get a personal loan that gives you some financi...

10 Personal Finance Habits That Will Set You Up For Financial Security

10 Personal Finance Habits That Will Set You Up For ...

Sep. 23, 2019 / Sarah Badani

Good personal finance habits aren’t only about saving money. They are about building patterns of behavior that keep you in control of your money, w...

The Millennial's Guide to Being a Grown Up With Money

Sep. 15, 2019 / Elana Kutscher‏

Millennials may catch a lot of flack about their social media usage, work ethic, and spending habits, but the truth is, they have more positive opp...

Best Personal Loans for Excellent, Good & Fair Credit Scores

Best Personal Loans for Excellent, Good & Fair Credi...

Aug. 07, 2019 / Sarah Pritzker

Many people seek out personal loans without really understanding the mechanics behind the process. Getting accepted by a lender for a personal loan...

Personal Loans for Bankrupts: How to Get Back on Your Feet

Personal Loans for Bankrupts: How to Get Back on You...

Aug. 06, 2019 / Top10.com Staff

Gone are the days when declaring bankruptcy was akin to agreeing to wear a scarlet letter. With the stigma all but over, today declaring bankruptcy...

Best Personal Loan Providers For Building Your Dream Pool

Best Personal Loan Providers For Building Your Dream...

Aug. 06, 2019 / Elana Kutscher‏

If you love the idea of adding a pool to your home but don’t have the financial means to do so, a personal loan can be a good option for making you...

Best Personal Loan Options for Military Veterans

Aug. 06, 2019 / Top10.com Staff

Getting back in the swing of things in civilian life can be tough for military veterans, and financial issues can often be a fact of life. Many vet...

Top 5 Personal Loans for Debt Consolidation

Aug. 06, 2019 / Sarah Pritzker

If you need a personal loan to consolidate credit card debt, there are plenty of lenders who can help you pay off your debt faster and more efficie...

How Best Egg Compares to Other Top Loan Providers

Aug. 06, 2019 / Sarah Pritzker

Best Egg is a completely-online lending platform that streamlines loan applications, allowing you to apply and get approved, within as little as 24...

Online Personal Loans with a Cosigner

Aug. 06, 2019 / Top10.com Staff

If you have less than ideal credit or no collateral to put down, it can be difficult to get a personal loan with a low interest rate. This is where...

Best Secured Loans of 2019

Aug. 06, 2019 / Sarah Pritzker

A secured personal loan is called that because the loan is secured by some form of collateral. Unsecured personal loans rely on your personal credi...

The Best Personal Loan Companies for Every Loan Type

Aug. 06, 2019 / Sarah Pritzker

There are many types of personal loans, sometimes also referred to as signature loans, available from online lenders. Although most loan providers ...

The 5 Best Short-Term Loan Companies

Aug. 06, 2019 / Sarah Pritzker

Short-term loans are generally unsecured personal loans that have repayment terms of 3 years or fewer. Short-term loans are also useful as a “bridg...

The 5 Best Long Term Personal Loan Companies

Aug. 06, 2019 / Sarah Pritzker

A long-term personal loan is essentially any loan with a repayment period longer than around 3 years. Long-term personal loans usually offer higher...

Best Unsecured Personal Loans

Aug. 06, 2019 / Top10.com Staff

Sometimes life throws you a financial curveball and securing a loan to smooth things over can at times be easier said than done. A popular option i...

Best Personal Loans for Home Improvement

Aug. 06, 2019 / Top10.com Staff

If you’re looking to make renovations but don’t yet have the cash flow, a home improvement loan is a solid way to get the funds you need, with term...

Personal Loans to Become Cheaper as Fed Cuts Interest Rates

Personal Loans to Become Cheaper as Fed Cuts Interes...

Aug. 05, 2019 / Nadav Shemer

Personal loans are the fastest growing form of consumer credit in the United States and they’re about to become even more popular.

Best Personal Loan Companies If You Have Good Credit

Aug. 02, 2019 / Nadav Shemer

When you apply for a personal loan, one of the factors that stands above all others in determining your rate is your credit score. The higher your ...

Top 5 Personal Loan Providers If You Have Bad Credit

Aug. 01, 2019 / Top10.com Staff

Getting a personal loan with bad credit can be tough, but thanks to a few specialist lenders it’s a lot easier than you may think. When a lender as...

Top 8 Warning Signs of a Lending Scam

Jul. 31, 2019 / Nadav Shemer

A personal loan is a loan for all seasons, and lenders will let you use them for virtually anything. Planning to consolidate debt, make home improv...

Which Are The Best Personal Loan Providers for Students?

Which Are The Best Personal Loan Providers for Stude...

Jul. 29, 2019 / Nadav Shemer

If, like most undergrads, you’re defined as a “dependent student,” you’re entitled to borrow up to $5,500 in federal student loans (also known as S...

The Best Personal Loan Providers for Covering Medical Expenses

The Best Personal Loan Providers for Covering Medica...

Jul. 26, 2019 / Sarah Badani

High medical costs can add insult to injury when you're recovering from a medical emergency. Even people who have medical insurance can find themse...

Why Payday Loans Are a Bad Idea and What You Can Do Instead

Why Payday Loans Are a Bad Idea and What You Can Do ...

Jul. 25, 2019 / Top10.com Staff

A payday loan (or cash advance loan) is a high-interest loan that borrowers can turn to when they have an immediate need for cash. Payday loans are...

Get the Lowdown on How to Calculate Your Credit Score

Jul. 25, 2019 / Sarah Pritzker

If you’ve ever applied for a loan, tried to buy a large item on a financing plan, or have a credit card, you’ll have been asked about your credit s...

How to Get the Best Out of Personal Loan Interest Rates

Jul. 25, 2019 / Tamar Weiss

Whether it's for purchasing a car or house, consolidating debt or for general expenses, you may be considering taking out a personal loan. Personal...

No Credit Check Loans: Reasons to Avoid Them and the Alternatives Available

No Credit Check Loans: Reasons to Avoid Them and the...

Jul. 25, 2019 / Tamar Weiss

When you need instant cash, it might be tempting to take whatever loan you can—including a no credit check loan. But before taking this or any othe...

Online Personal Loans vs. Traditional Bank Loans: Which is Better for You?

Online Personal Loans vs. Traditional Bank Loans: Wh...

Jul. 25, 2019 / Top10.com Staff

Online lending has become a booming industry in recent years, providing loans to countless people who prefer the ease, speed, and competitive rates...

The 7 Best Loan Options For People With Bad Credit

Jul. 24, 2019 / Sarah Pritzker

Bad credit can make loan providers wary of lending money to you. Personal unsecured loans, which are the fastest and easiest type of borrowing, mig...

How to Use a Personal Loan to Finance Your Wedding

Jul. 24, 2019 / Sarah Pritzker

The cost of planning a wedding has climbed to astronomical heights, making it difficult for the average Jane to make a respectable wedding on the a...

SoFi Community: This Loan Provider Wants to Take You Out For Drinks

SoFi Community: This Loan Provider Wants to Take You...

Jul. 24, 2019 / Top10.com Staff

How would you like it if your loan provider invited you out for drinks? Maybe yoga is more your speed? That's no problem. If you're working with So...

Consumers Turning to Personal Loans Over Credit Cards

Jul. 24, 2019 / Top10.com Staff

The number of people taking out loans in the US has been steadily on the rise in the years since the mortgage crisis. As the economy recovers, more...

6 Steps Towards Getting the Best Personal Loan at the Best Rates

6 Steps Towards Getting the Best Personal Loan at th...

Jul. 24, 2019 / Naftali Feig

What do you do when extra expenses come knocking and you just don’t have the money? You can borrow against your house or car, but then there’s a ri...

How Are Interest Rates and APR Percentages Calculated?

Jul. 24, 2019 / Top10.com Staff

Before you head to the bank to take out a loan for a new car, small business or other investments, take the time to fully understand how your inter...

What to Look For When Applying for a Personal Loan

Jul. 24, 2019 / Top10.com Staff

Taking out a personal loan can be a wise decision if you’re looking to consolidate debt or make a purchase that you simply don’t have the funds to ...

Personal Loans vs Credit Cards: Which Should You Choose?

Personal Loans vs Credit Cards: Which Should You Cho...

Jul. 24, 2019 / Top10.com Staff

Maintaining financial security isn’t just a matter of making all your expenses every month, it also means clearing enough to where you can put some...

Secured vs. Unsecured Loans in a Nutshell

Jul. 24, 2019 / Top10.com Staff

If you need some extra funds, one of the most important things to know is the best type of personal loan for your needs. When it comes to personal ...

5 Ways You Can Rebuild Your Bad Credit Score

Jul. 23, 2019 / Top10.com Staff

Your credit score reflects your financial health, and you probably only notice it when it’s bad. Every adult in the US has a 3-digit credit ranking...

The Best Personal Loans for 2019

Jul. 23, 2019 / Top10.com Staff

The personal loans industry is incredibly competitive, with hundreds of lenders competing for the attention of borrowers. With so much choice, it c...

Short Repayment Terms vs. Longer Loans: How They Work and Which is Best For You

Short Repayment Terms vs. Longer Loans: How They Wor...

Jul. 23, 2019 / Nadav Shemer

The monthly cost of a personal loan is determined by 3 factors: loan amount, interest rate, and loan term. The bank decides the interest rate based...

5 Facts About Personal Loans You Need to Know

Jul. 22, 2019 / Nadav Shemer

More Americans are using personal loans in 2018 than at any other time in history, thanks largely to the rise of online lenders. To understand why,...

Paying Off a Loan Early: Should You or Shouldn’t You?

Jul. 22, 2019 / Top10.com Staff

A personal loan is typically a small loan ranging from several hundred dollars to as much as $100,000. These are more likely to be unsecured loans....

The Dos and Don’ts of Taking Out a Personal Loan

Jul. 22, 2019 / Sarah Pritzker

Taking out a personal loan can be a smart and highly-effective way to consolidate your debt, which is the most common reason to take out such a loa...

SoFi-Wealth: The Wealth Management Platform for the Average Joe

SoFi-Wealth: The Wealth Management Platform for the ...

Jul. 21, 2019 / Sarah Pritzker

In its latest move towards educating and empowering its customers, leading personal loan provider SoFi has introduced SoFi Wealth, a native wealth ...

How to Find the Right Loan For You

Jul. 18, 2019 / Sarah Pritzker

Now that you’ve decided to take out a loan, how do you decide which type is the best personal loan for you? The first question to ask yourself is, ...

These 7 Essential Budgeting Tips Will Help You Save Money for What Really Matters

These 7 Essential Budgeting Tips Will Help You Save ...

Jul. 15, 2019 / Sarah Badani

Budgeting doesn’t sound like much fun, right? But having an effective budget means you'll be able to save money and feel more secure. Now we’re tal...

How Long Does it Really Take to Get Approved for a Personal Loan?

How Long Does it Really Take to Get Approved for a P...

Jul. 15, 2019 / Sarah Badani

If you’re waiting for approval for a personal loan, every minute can last a year. You really need the money, and you’re eager to find out that it’l...

This 7-Step Guide Will Ensure You Choose a Personal Loan Provider You Can Trust

This 7-Step Guide Will Ensure You Choose a Personal ...

Jul. 15, 2019 / Sarah Badani

Getting a personal loan can be a long and complex process. Ideally, your personal loan will help you to make the purchases you need or cope with em...

7 Signs an Online Loan Company is Legitimate

Jul. 14, 2019 / Top10.com Staff

There are plenty of ways to a loan and a popular choice nowadays is to go with one of the many online personal loan providers out there. If you do ...

How to Make This Your Last Personal Loan And Set Yourself Up for Financial Security

How to Make This Your Last Personal Loan And Set You...

Jul. 08, 2019 / Nadav Shemer

If you’re in the market for a personal loan, you’re not the only one. Personal loans are the fastest-growing consumer credit product in the United ...

Should You Use a Personal Loan to Help Pay Off Your Student Debt?

Should You Use a Personal Loan to Help Pay Off Your ...

Jul. 08, 2019 / Nadav Shemer

So, you have student debt? You’re not alone, according to the latest Federal Reserve data, which shows that Americans owe more than $1.5 trillion o...

The Smart Way to Repay Your Loan

Jul. 08, 2019 / Nadav Shemer

The best strategy for paying off a personal loan can be summed up in one word: preparation. No 2 borrowers are equal, and a loan perfectly suited t...

Direct Lenders vs. Lending Marketplaces: What’s the Difference and Which is Best for You?

Direct Lenders vs. Lending Marketplaces: What’s the ...

Jul. 08, 2019 / Nadav Shemer

Direct lenders provide personal loans and other lending products directly to consumers. The big banks used to dominate the direct lending space, bu...

Personal Loan APRs

The APR calculation on personal loans will vary depending on your lender, but it will typically be lower than what you would receive from a payday or short-term loan – usually starting at 10% and capping at 35.99%. It is not ideal to owe any money, but if you require a loan, then a personal loan could certainly be a viable option.

APR rates mentioned include associated fees.

Full repayment for the loans displayed range between 61 days to 180 months.

Representative example: assuming a loan of $10,000 over 60 months at a fixed rate of 3.1% per annum and fees of $60.00. This would result in a representative rate of 3.3% APR, with monthly repayments of $180.80, for a total amount paid of $10,848.00.

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