Personal Loan Search Engine Makes Comparing Rates Quick And Easy
Maybe your credit card debt is no longer just mounting — it’s already become a mountain. Or maybe your bathroom needs a major renovation but you have a cash flow problem. Or perhaps you’re looking to help out a family member that’s dealing with some unforeseen and unfortunate circumstances. There are many reasons to take out a personal loan and knowing how to go about finding the best possible offer can make all the difference in securing a loan and living with the terms.
When it comes to personal loans don’t expect a one-size-fits-all option. Each lender is different and loan terms vary from place to place. Using an online personal loan search engine can help you understand the process better and select the option that’s best for you.
The days are long gone when assessing personal loan options meant meeting with multiple lenders, standing in line at the local bank or credit union, or setting up face-to-face meetings just to get basic information from loan officers. Online search engines cut down not only on time but also on aggravation, allowing you to get a loan quicker and easier. You’ll be able to access information such as interest rates, loan terms, types of personal loans, fees, and penalties.
The Fiona search engine is a free tool that allows you to search for personal loan options from some of the country’s top lenders. You can borrow as much as $100,000 and interest rates start at 3.84% with loan terms ranging from 24 to 84 months. To qualify, you’ll need to have a credit score of 620 or higher.
If you don’t qualify for a personal loan, check into other financial options. Take advantage of a balance transfer card to transfer some or all of your credit card debt to a card with a low or no interest rate for typically the first 12 to 18 months. Without having to cover high interest, you’ll have some additional financial breathing room to pay down a debt. An unsecured personal line of credit enables you to take out as much or as little money as you need over a period of time instead of taking out a lump sum as you would with a personal loan. Some companies, such as LendingClub and Prosper, allow you to take out a peer-to-peer loan; with this type of loan you’re borrowing directly from individual lenders, which eliminates the middleman and the major fees that can sometimes accompany doing loan business with the major lenders.
Whenever you apply for a personal loan be prepared to provide a range of personal information, from your credit score and identity verification to your Social Security number and proof of employment and income. If approved for a personal loan, you’ll also need to provide your bank account information so that the personal loan funds can be transferred into you name.