Personal Loan

A personal loan can include a number of lending vehicles that are designed to provide borrowers with access to cash for general purposes. In most cases, personal loans are fairly small in amount and involve fewer hoops to jump than automotive or mortgage loans. People will seek out a personal loan, unsecured or secured, for a number of reasons. Often coming with a lower interest rate than a credit card, this type of loan can be used for such things as home improvements, private purchases, vacations, educational reasons and more.