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Personal Loans Online

From debt consolidation to home improvement, all your financial needs can be easily fulfilled using personal loans that you can apply for up to $35,000. Get a personal loan with or without any collateral easily and repay it later with reasonable interest and fees.

How Much Do You Need?

Want to borrow more than $5,000? Click here!

What Is a Personal Loan?

Personal loans are a type of loan that can be got from banks, or any private lenders and can be repaid in full or in monthly installments. It can be used for a variety of purposes, such as debt consolidation, home improvement, or medical expenses.

Personal loans are offered in two types - as secured loans and as unsecured loans. A secured loan is one that is backed by collateral, such as a home or car. This means that if you default on the loan, the lender can seize the collateral to recoup their losses.

An unsecured loan is not backed by collateral, so the lender's only recourse, if you default, is to take legal action against you. Unsecured loans tend to have higher interest rates than secured loans, as they are considered to be riskier for lenders.

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How Much Can I Borrow with Personal Loans?

Personal loans allow you to borrow a larger sum of money compared with other types of loans online. If you meet all the eligibility requirements proposed by the lender, you can get:

Pros and Cons of Personal Loans


Fixed interest rate

One lump sum repayment with a fixed interest rate means you'll always know how much you need to repay each month and can budget for it.

Flexible use

A personal loan can be used for a wide variety of purposes, meaning you're not restricted to using the funds for one specific thing.

Collateral is not a must

Since personal loan comes in both secured and unsecured types, even if you do not have collateral to offer, you can choose not to give one with the unsecured type of personal loan. However, unsecured loans have higher rates than secured ones.

Reasonable time to repay

Unlike payday loans, personal loans typically have a longer repayment period, giving you more time to pay them back.


Higher interest rates

Unsecured loans tend to come with higher interest rates than secured loans, as there is more risk for the lender. However, it has a far lesser rate than payday loans which is a pro.

Needs reasonable credit score

If you have a low credit score, you may not be able to get a personal loan from a lender.

Higher fee

Some lenders charge high fees for late repayment, prepayment, etc... and this may increase furthermore if your credit score is low.

What Can I Use a Personal Loan For?

You can use personal loans for a wide variety of purposes, such as:

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    Debt consolidation

    Debt consolidation is the process of taking out a personal loan to pay off multiple high-interest debts, such as credit card debt. This can help you save money on interest payments and make it easier to keep track of your repayments.

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    Home improvement

    If you're planning on doing some home improvements, such as renovating your kitchen or bathroom, a personal loan can be a great way to finance them.

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    Medical expenses

    If you need to pay for unexpected medical expenses, such as surgery or hospital stay, a personal loan can help you cover the costs.

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    Personal loans can also be used as a last resort in case of emergencies, such as unexpected bills or repairs.

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    Auto refinances or repair

    When you are in urgent need of money and the payday is too far, personal loans can be a good option to cover car repairing costs or pay for monthly car installments. You can also use personal loans for auto repairs, car purchasing, etc...

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    Vacation/ Recreation

    Planning to take a vacation but don't have the funds to do so? A personal loan can be a viable option. You can also use a personal loan to finance other recreational activities, such as purchasing a new bike or going on a ski trip.

How to Choose the Best Personal Loan?

The best way to choose the right personal loans is to find suitable lenders online and compare their quotes to find the one which suits your needs. iPaydayLoans makes your process of finding the list of personal loan lenders easier.

Once you have a list of vendors to compare, here are a few things you must look into to choose the best personal loan.

Eligibility requirements

Every lender will have its own requirements of income, credit score, etc... to be fulfilled in order to get the personal loan. Make sure you are aware of these approval requirements before applying.

Interest rates and fees

The interest rate and fees are important factors to look at when choosing a personal loan. You must compare the interest rates and fees of different lenders to find a decent deal.

Loan amount and term

Depending on why you need the loan, you may need to borrow a different amount of money. Also, personal loans usually have a set term, such as two or five years, so make sure you're comfortable with the repayment period before applying.

Repayment options

Some personal loans offer more adaptable repayment options than others. If you think you may have trouble making the monthly repayments, make sure to choose a personal loan with more forgiving repayment terms.

Easy approval

Some lenders offer personal loans that will be easy to get approved, as the lender won't require a lot of paperwork or a high credit score saving you time and money. However, you need to be aware of scams in the name of instant approval and no paperwork loans.

Customer support

A perfect personal loan will have excellent customer service, with representatives who are willing to help you with any questions or problems you may have.

iPaydayLoans can be an outstanding resource when looking for personal loans. We have a wide variety of personal loan lenders to choose from, and we make the process of comparing their interest rates and fees easy.

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How Do I Qualify for a Personal Loan?

You can know if you are eligible for a personal loan or not depending on a few factors including:

  • Credit score: The personal loan lender will check your credit score to see if you are a low-risk borrower. If you have a low credit score, you may not be approved for a personal loan.
  • Income: You must have a steady income to qualify for a personal loan. The personal loan lender wants to make sure you can afford to repay the loan.
  • Loan purpose: The personal loan lender will want to know what you plan to use the loan for.
  • Financial history: Your financial history like bankruptcy, late payments, etc... will also be taken into account when applying for a personal loan.
  • State laws: Personal loans are regulated by state laws. Make sure you are aware of the personal loan laws in your state before applying. So, your approval eligibility will also vary depending on your state of residence.

What Do I Need to Apply for a Personal Loan?

A personal loan will not be given just like that without any paperwork and documents from your side. There are a few things you will need in order to be approved for a personal loan.

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Proof of Income: You must provide proof of your income, such as pay stubs or bank statements. This will show the personal loan lender that you have a steady income and can afford to repay the loan.

Proof of Identification: A proof of identification, such as a driver's license or passport is needed to show the personal loan lender that you are who you say you are.

Address: You will need to provide your address proof, so the personal loan lender can verify that you live in the approved lending area.

Bank details: Bank account details like account number and routing number are to be given, so the personal loan lender can deposit the loan into your account.

Contact information: You will need to provide your contact information, which will help the personal loan lender to reach out to you if they have any questions.

Tax details: Tax details: Your tax information may be requested depending on the personal loan lender you choose.

If you have all of the required documentation, you can easily apply for a personal loan online. The personal loan lender will review your documents and either approve or deny your application.

Things to Consider Before Getting a Personal Loan

If you wish to get a personal loan, then there are certain things you must consider before you commit yourself to a personal loan. Some of them are as below.

Verify your credit score

You must check your credit score to understand what are the rates and plans that will be applicable to you. This can help you plan early about the monthly installments you will have to pay.

Make a budget

Create a budget plan for yourself and find out how much of the personal loan you want to borrow within your repaying capacity.

Compare quotes from various lenders

Do not just rely on the personal loan offered by a single lender. Compare the quotes and benefits being offered by different lenders before finalizing anything.

Prefer secured loans whenever possible

If you have collateral, then you must try and get a secured personal loan. This will help you in case you are not able to repay the loan.

Consider alternatives

There might be some alternatives available to you such as a credit card or home equity loan which might work out cheaper than a personal loan.

Find a co-signer

If you find it difficult to get a personal loan because of your poor credit score, then try and get a co-signer who will vouch for your creditworthiness.


  • 1. Can I use a personal loan for anything?

    There are certain restrictions on what you can use a personal loan for. Usually, personal loans are used for things such as home improvements, weddings, car purchases, or debt consolidation.

  • 2. Where can I get a personal loan?

    You can get yourself free of the trouble of finding the right personal loan lender by using iPaydayLoans.

  • 3. How much can you borrow with a personal loan?

    You can borrow up to $35,000 as a personal loan depending on the lenders you choose.

  • 4. How fast can I get a personal loan?

    You can get a personal loan as fast as 15-30 minutes when you find the lenders using iPaydayLoans.

  • 5. What is the difference between a secured and an unsecured personal loan?

    A secured personal loan is one where the borrower provides collateral to the lender. This could be in the form of a car or home. An unsecured personal loan does not require any collateral.

  • 6. Can personal loans build credit?

    Yes, personal loans can help you build your credit score if you make timely repayments.

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Find a Personal Loan for Yourself Today!

If you are in need of a personal loan, then iPaydayLoans can help. We help you connect with credible personal loans sources who offer loans for people with good or bad credit scores. You can find lenders to get a personal loan as fast as 15-30 minutes. Submit your information and get the cash you need today!

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iPaydayLoans is a company committed to connecting borrowers to hundreds of reputable online lenders to apply and get small-dollar payday loans quickly, easily, and securely, helping cope with life emergencies like paying medical bills, home, or car repairs, and so on.

Customer Note: A payday loan is traditionally used to help people borrow a small sum of money until the next upcoming payday. It's a short-term solution to cover unexpected expenses when people have no savings or deep pockets. Those who find themselves in a bind with their budget and want to refill it with credits should seek the advice of a professional financial assistant. A borrower also has to peruse local regulations related to a payday loan.

Availability: The service of this platform may not be accessible to people based in restricted states. Please check the local regulations to find out its availability in the area. Rules of this website are subject to change without notifications.

NOT A LENDER Disclosure: iPaydayLoans is not a lender but a broker and does not charge you any fees for our broker services. The lenders or other broker services we introduce to our customers through this website may pay us commissions if customers enter into a credit agreement with them.

Disclaimer: iPaydayLoans is not a lender, does not take applications or make loans or credit decisions. We are not an agent, representative or broker of any lender. We provide a service to connect you to a lender from our network. We do not control and are not responsible for any lender's actions or decisions.