Personal Loan

We take pride in providing our clients with some of the lowest and most competitive interest rates out there by conducting thorough research and providing expert advice. Our excellent customer service skills have led to countless happy customers who have left us glowing reviews and referrals.

How do Personal Loans work?

With a personal loan, you can pay off your loan balance at a fixed rate with set monthly payment amount over a scheduled period of time. This type of installment loan may be secured by an asset, have a co-signer, or be unsecured (based on credit history and other factors). Personal loans are designed to meet individual needs as opposed to a commercial or business need.

What is the difference between an Unsecured Loan and a Secured Loan?

You may qualify for a lower rate and/or a higher loan amount if you are approved for a secured loan, including an auto-secured loan, versus an unsecured loan.

Secured Loans:

A secured loan means you are pledging something of value as collateral to your loan to ensure that the loan will be repaid according to the loan’s terms and conditions. Assets such as cars can be used as collateral, and, in some instances, the lender can place a lien on the asset, which will remain in place until the loan has been paid in full, including interest and all applicable fees.

It’s important to remember that if you are unable to repay a secured loan, the lender may be able to sell the pledged collateral to pay off all or part of the loan.

 Unsecured Loans:

Unsecured loans are loans that do not require the borrower to pledge any collateral. If you have been turned down for an unsecured loan, you may still be able to obtain a secured loan if you have an asset that can be used as collateral.