Fast & Reliable Personal Loans

Personal loans is an installment loan; you borrow a fixed amount of money and pay it back with interest in monthly payments over the life of the loan — which typically ranges from 12 to 84 months. Once you’ve paid your loan in full, your account is closed. If you need more money, you have to apply for a new loan.

There are two types of personal loans — secured and unsecured.

• Unsecured personal loans aren’t backed by collateral. You'll need to qualify based on your financial history. If you don’t qualify for an unsecured loan or want a lower interest rate, a secured loan may be the best option.

• Secured personal loans are backed by collateral, such as a savings account or CD. If you’re unable to make your payments, you may forfeit your assets as payment for the loan.