How to Get a Personal Loan

If you need some fast cash to cover an expense, a personal loan may be a good option. There are no hard credit checks, you get an instant decision online, and money is direct deposited.

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How do personal loans work?

Personal loans are usually offered by banks, credit unions, and online lenders like 90 Second Loans. Once you apply for and get approved for a personal loan, you’ll receive a lump sum of money upfront and be able to pay it back over several payments.

Types of personal loans

There are many types of personal loans you can choose from, including:

Payday loans

Payday loans are short-term loans you can pay back when you receive your next paycheck.

Installment loans

With installment loans, you’ll get a lump sum of money at once and repay it over time in fixed monthly payments.

Title loans

Car title loans are secured loans that use your car as collateral.

Lines of credit

Lines of credit work a lot like credit cards but typically offer lower interest rates. You can withdraw funds whenever you’d like up to a set maximum credit limit.