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Borrowers who want to make sure they’re getting a good deal
Shopping around with many different lenders takes time, especially if you apply for different loans to see the terms you qualify for. Bankrate allows you to quickly compare and pre-qualify for a loan that meets your needs.
Borrowers with different credit scores levels
Bankrate works with lenders who offer products for borrowers with every level of credit score. Borrowers with lower credit scores can find lenders that will work with them, without wasting time applying for loans they can’t get.
Borrowers with higher credit scores can find lenders that give them better terms, based on the scores they’ve worked hard to achieve.
You may qualify for a loan to consolidate debt, refinance your credit cards, make home improvements, pay for unexpected expenses, or make major purchases, among other things.
Here’s what to expect from lenders who work with Bankrate:
To compare personal loan rates from multiple lenders and apply for a loan, follow these steps:
Personal loans provide cash when you need it quickly and you don’t want to secure the loan with your home, car, or other assets. Personal loans generally carry higher rates than home mortgages or home equity lines of credit, but they have significantly lower interest rates than other options such as payday loans.
Personal loan rates with Bankrate partners vary from 6.24% - 35.99%. Lower rates are usually offered to borrowers who use proceeds to improve their home, have excellent credit, and will pay off the loan in fewer years.
Borrowers with lower credit scores generally pay interest rates on the higher end of the scale. Even at the highest rate of 35.99%, a personal loan from a lender is a fraction of the cost of a payday loan, which may charge several hundred percent interest and require repayment in a shorter period of time.
Loan terms vary from one year to 12 years, but most loan terms are for between two and seven years.
Bankrate may collect information from you directly, or from other sources, including business partners, affiliates, and publicly available sources. Bankrate uses your information to identify you when you use the website, provide products and services, conduct business analytics, and for other purposes. Bankrate follows the privacy laws of the country in which Bankrate first received your information.
According to the company, Bankrate safeguards its computers and uses secured files and buildings, in compliance with federal law to protect your information from unauthorized access and use.
Bankrate doesn’t have a specific support feature for its personal loans aggregator. To receive assistance from the Bankrate staff, fill out the form on their Contact Us page. You will receive an email acknowledgment that your question was received.
 |  | |
| APR | 6.24% - 35.99% | 6.99% - 35.99% |
| Min. credit score | None | None |
| Loan amounts | $500 - $100,000 | $1,000 - $50,000 |
| Loan term | 12 - 144 months | 3- 180 months |
| Suitable for | Comparing multiple loans | Comparing multiple loans |
Bankrate works with a number of lenders to give you loans. Most terms are similar to those you would find at their competitors. Bankrate’s lenders show higher loan limits than Lending Tree. Bankrate and Lending Tree may give you more lenders to choose from than Credible, which only shows up to six lenders.
Q. What is a personal loan?
A. Personal loans are shorter-term loans generally not backed by collateral such as a car or house. You receive a lump sum and make fixed, regular payments.
Q. Who owns Bankrate?
A. Bankrate is owned by Red Ventures.
Q. How does Bankrate make money?
A. Bankrate charges lenders to advertise on its website.
Q. What criteria does Bankrate use to determine its weekly averages?
A. For purposes of weekly personal loan averages, Bankrate assumes a FICO score of 700, $5,000 loan amount, and 3-year repayment plan.
Bankrate is a trusted personal finance advice and lender comparison site, in business since 1976. In minutes, you can be pre-qualified for multiple personal loans based on your credit score, needs, and other information.
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