Online Personal Loans: Borrow $1,000 - $35,000
An urgent repair, a medical bill or a once in a lifetime trip - big needs call for fast cash. Our online personal loans give you a simple way to cover large costs without visiting a branch. Fill out a short form, see the rate and sign electronically. Most approved funds reach your checking account by the next business day.
Quick Facts
- Loan size: $1,000 - $35,000
- Terms: 12 - 60 months
- APR range: 6% - 36%
- Decision: as fast as a few minutes
- Funding: next business day for many users
- No pre-payment penalty
Why More Borrowers Choose Personal Loans
Americans owe about $253 billion in personal loan balances as of Q1 2025, and online lenders issue most new accounts. Competitive rates, speedy approval and clear payoff plans make personal loans a favorite choice for:
- High interest credit card payoff
- Home improvement projects
- Major purchases such as appliances
- Moving expenses or security deposits
- Family events like weddings
Benefits of Applying Online
A digital process removes extra paperwork and lets you compare offers side by side. You can:
- Check your rate without affecting your credit score (soft pull).
- Upload documents from a phone or computer.
- Get real-time updates through email or text.
- Sign the agreement from anywhere.
Cost Example
The table below shows how loan size and term affect monthly payment and total interest at a 12% APR.
| Loan Amount | Term | Monthly Payment | Total Interest |
|---|---|---|---|
| $5,000 | 24 mo. | $235 | $638 |
| $10,000 | 36 mo. | $332 | $1,960 |
| $20,000 | 60 mo. | $445 | $6,708 |
Unsecured vs. Secured Personal Loans
Unsecured loans are based on your credit and income - no collateral needed. Secured loans use a car title or savings account as backup and can unlock lower rates for some applicants. Both come with fixed monthly payments, so you always know what you owe.
Simple Eligibility
- U.S. resident age 18 or older
- Steady income (job, benefits or self-employment)
- Active checking account
- Valid photo ID and Social Security number
Credit score helps set the rate, but a less-than-perfect score does not mean an automatic decline.
Three Step Application
- Tell us the basics. Enter the loan amount, term and personal info.
- Upload proof of income. Pay stubs, bank statements or benefit letters work.
- Review and sign. Accept the offer and we send the funds.
Rates and Fees Explained
Your APR combines the interest rate with any origination fee, giving you the real cost. We do not charge hidden add-ons, early payoff fees or application fees.
Borrow Smart
A personal loan can improve cash flow, but borrowing more than you need can strain your budget. Use our payment estimator tool to fine-tune the payment before you commit.
What Happens After You Sign?
Day 0 - Approval: We email the agreement plus a Truth-in-Lending disclosure. Review, e-sign and keep a copy for your records.
Day 1: Funds move by ACH. Most banks post the deposit the next business morning.
Day 30: First payment is due. We send a reminder three days ahead so there are no surprises.
Months 2 - Term End: Payments draft on the same calendar day each month. Need a different date? Call us three business days in advance and we'll move it once per year for free.
Payoff: Pay extra anytime. We recalculate interest nightly and credit the overage to principal, so you finish sooner and save money.
Frequently Asked Questions
How fast can I get the money?
Many approved loans fund the next business day once the agreement is signed before 5 p.m. ET.
Do you run a hard credit check when I apply?
The initial rate check uses a soft pull. If you accept the offer, a hard pull confirms the details.
Can I pay off early?
Yes. You can pay extra or settle the full balance at any time with no penalty.
What if I have bad credit?
We consider more than your score. Income, debt-to-income ratio and payment history all count. Some borrowers with fair or poor credit still qualify.
What documents will I need?
A recent pay stub or benefit letter, last two bank statements and a state-issued photo ID cover most cases. Self-employed borrowers can upload a 1040 Schedule C instead of pay stubs.
Can I change my payment date?
Yes. Contact us three business days before the draft, and you can move the due date once per calendar year at no charge.