Your amount is locked in. Choose a term below to see an estimated rate and monthly payment.
Choose Your Loan Term
Why Your Rate May Vary by Term
The length of your loan term affects both your interest rate and your monthly payment. Shorter terms, like 12 or 24 months, often come with lower interest rates because the lender is taking on less risk over a shorter period — but your monthly payment will be higher since you’re repaying the same amount faster.
Longer terms, like 48 or 60 months, usually carry higher interest rates but spread your payments out, which lowers the amount you owe each month. The tradeoff is that you’ll typically pay more in total interest over the life of the loan. There’s no universally “best” term — it depends on what monthly payment fits your budget and how much total interest you’re comfortable paying.
The rates shown above are illustrative and representative of ranges seen across lenders for borrowers with varying credit profiles. The actual rate you’re offered will depend on the specific lender you apply with and their evaluation of your credit history, income, and other financial factors.
What You’ll Need to Apply
- A valid government-issued photo ID (driver’s license, state ID, or passport)
- Proof of income (recent pay stubs, tax returns, or bank statements)
- An active checking or savings account for funding and payments
- Your Social Security Number or ITIN for identity verification
Frequently Asked Questions
Does the amount shown change if I pick a different term?
No. Your pre-qualified amount stays the same regardless of which term you choose — only the estimated rate, monthly payment, and total repayment change based on the term length.
Can I choose any lender when I apply?
You’ll be shown a short list of lenders known for working with a wide range of credit profiles. You’re free to research and choose the one that best fits your situation.
Is approval guaranteed once I apply?
No. Applying with a lender means they will run their own full review of your credit, income, and other financial details. Approval, final amount, and final rate are always determined by that lender, not guaranteed in advance.
How long does the application take?
This varies by lender, but many online personal loan applications take just a few minutes to submit, with some lenders offering same-day or next-day funding decisions once approved.