PersonalLoans Review 2023: Good For Personal Loans? (Pros & Cons)

If you need to borrow and pay for a long period of time, a personal loan is usually the best option. When credit cards charge an annual rate of up to 24.​99%, personal loans offer low fixed interest rates that never change.

In addition, personal loans are offered with a fixed monthly payment that you will receive in advance and a final payment date that tells you when you are free of debt.

In short, a personal loan can be much more predictable and much cheaper than borrowing a credit card.

However, it is crucial to compare lenders and lenders if you want to get the best deal possible. Keep in mind that private lending companies take into account a number of licensing factors and collect many origination and application fees.

PersonalLoans Review - business
If you want to borrow at affordable prices, you should compare multiple lenders and loans to find the best option with minimal or no fees and the lowest interest rate you are entitled to.

Go to PersonalLoans.​com, a company where you can fill out a single loan request form and see if they can connect you with a lender in their large network. PersonalLoans.​com simplifies the process by allowing you to do everything in one place online and conveniently from home.

In this post, we have featured PersonalLoans Review that includes detailed insights of its pricing, features, functionality and more. Let’s get started here.

PersonalLoans Review

PersonalLoans Review 2023: Is It Good For Personal Loans? READ HERE

Detailed  PersonalLoans Review

PersonalLoans.​com is a company that connects consumers with lending partners that offer personal loans, bank loans, and installment loans. These can be used for anything from large purchases to rents, vacation taxes, medical interventions, home improvement, debt consolidation and more.

PersonalLoans Review- Fast Easy Loans For Any Reason
The loan terms offered by their lender network are among the most flexible in the world: loans between $ 500 and $ 35,000, most lender’s annual interest rates between 5.​99% and 35.​99%, and payment options between 90 days and 72 months. I liked the versatility and had to personally try PersonalLoans.​com.​ That was my journey.

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How does work?

Keep in mind that PersonalLoans.​com does not lend its own money. Instead, it works like a “market” loan that connects consumers to various loan offerings.


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By using this website, you can avoid filling out any loan requests with different lenders. How to save time and stress!

Is PersonalLoans.​com legitimate? Absolutely. PersonalLoans.​com is not a direct lender but a company that works with a variety of online lenders and lending partners to help you find an offer that works for you.

PersonalLoans.​com may be able to connect you with loans up to a maximum of $ 35,000 and you can usually pay your loan for 90 days to 72 months. The interest rates on your loans from most lenders vary between 5.​99% and 35.​99%, depending on your credit rating, credit history, and credit usage. Remember that the best interest rates are granted to people with very good or excellent credit or a FICO of at least 740. If your credit is not the best, your interest rate may be high on the list.

How To apply for a loan from

In order to submit a request for a loan from PersonalLoans.​com follow the guidelines:

Submitting a request for a personal loan in this market is very simple. You do not even have to wear pants!
All you have to do is go to the PersonalLoans.​com website and enter basic information, such as:

The amount you want to borrow
Job information
E-mail address
home address
Social Security number
Date of birth
Driver’s license or state license number
Type of bank account

Once you have completed the secure online form for PersonalLoans.​com, affiliated lenders will review your information and determine if you qualify for a loan. In this case, you may be able to receive a loan offer from a lender. If you like what you see, you can choose a loan, read all the terms, and accept the terms of the loan online.

Once your loan agreement is completed, you will receive the money in your bank account within one to five business days.

How to qualify for a personal loan through

Since PersonalLoans.​com works with a variety of lenders that have their own minimum standards, it is difficult to say exactly what you need to qualify. However, they contain basic information on your website that helps you to see where you are.

PersonalLoans Review - guide
To submit a loan request through PersonalLoans.​com, you must be over 18 and have a valid Social Security number. You must also be a US citizen or permanent resident and have a valid account.

PersonalLoans.​com loans from other lenders, such as LendingClub and Prosper Personal Loans, require a minimum credit worth of 600 and a verifiable income of at least $ 2,000 per month. For your standard term loan, your credit score can be up to 580 for the same minimum income requirement.

If you receive loan offers from a traditional bank through PersonalLoans.​com, the required minimum income is the same as for an installment loan: $ 580. However, you must earn at least $ 3,000 a month.

The good news is that you do not have to fill out separate loan requests to find out what kind of loan you can get. PersonalLoans.​com just needs a loan request form to see if it can connect you with a lender in their network. And should not it be like that?

Features and Details of

PersonalLoans.​com, which uses a network of lenders, claims to have access to fast and simple loans between $ 1,000 and $ 35,000, depending on your creditworthiness.

PersonalLoans Review - Debt Consolidation

According to the company’s websites, the money you receive from a lender can be used for anything you need, including emergencies, renovations, debt consolidation, etc.

PersonalLoans Review – Debt Consolidation

For this purpose, PersonalLoans.​com offers three different types of loans:

Peer-to-Peer: Instead of borrowing from a bank, you borrow money from an investor. With this type of loan, you can borrow between $ 4,000 and $ 35,000, although you may be charged a fee of 1% to 5%.

Personal Payment: In this case, you can borrow between $ 1,000 and $ 20,000 and negotiate directly with a bank, even though conditions are heavily regulated by the state in which you live.

Personal Bank Loan: This type of loan is usually provided by a local bank, although the loan request can be processed online. You can be rewarded with sums of between $ 1,000 and $ 35,000, but you must earn at least $ 3,000 a month in order to be considered.

To get a loan from a personal loan.​com lender, you must submit a three-step process:

First, you must complete the online loan request form for PersonalLoan.​com.​ This includes the input of your personal data, the requested loan amount, the reason for the request, the income, the employment history, etc. To submit a request for a loan from PersonalLoan.​com, you must be at least 18 years old, have a regular source of income, an active bank account, and relative credit. satisfying

You will then be connected to a lender. If this happens, you will be redirected to the lender’s website to learn the details of your loan and provide the additional information you need.

Once the process is complete, your money will be sent via ACH within 1 to 5 business days.

PersonalLoans Pricing Plan Review

Using the PersonalLoans.​com service is completely free, with no hidden fees or fees.

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However, your interest rate can vary considerably, depending on a variety of factors, such as Your repayment terms also vary, but usually, occur every 2 to 4 weeks over a period of 6 to 72 months. You will be automatically deducted from your bank account.

However, according to the interest rate side of PersonalLoans.​com, most lenders’ interest rates can vary between 25% and 150%. For that reason, it is extremely important that you read all of your loan documentation before signing.

What is the benefit of a personal loan?

Nobody wants to borrow money, but there are times when it makes sense. If you need to consolidate a high-yield debt, you can save money each month and pay off your debt faster with a low-interest personal loan.

Note that the average annual rate for credit cards now exceeds 17%. However, leading private lenders offer a fixed annual rate of only 5.​99%.​ It makes a big difference that I can leave you more money every month.

But there are other reasons for considering a personal loan. You may have a broken roof that is very important to work, or your car is broken and you need a loan to get back on the road.

Some people have even borrowed money to finance major construction such as adding space or renovating the kitchen. Since you can get a low-interest rate and a fixed monthly payment, personal loans can also work in this situation.

Does PersonalLoans.​com charge a fee? 

Since PersonalLoans.​com does not offer loans, it is difficult to know if you are being charged for the credit you are entitled to. As a borrower, you need to do your due diligence and review the loan offer based on your fees and other factors.

PersonalLoans Review- contract
In most cases, you want to check the filing fees, entry fees, and prepayment fees, as well as review the interest rates of the loan you are connected to.
The registration fee is a small fee that some lenders charge when you submit the request. You should never pay a fee if you can avoid this.

PersonalLoans Review- contract

Lenders charge an origination fee to get your loan. These interest rates can reach up to 8% of the amount of your loan, which can make a lot of money! If you borrow $ 10,000 and pay an 8% startup fee, you’ll need $ 800 more for your loan.

Lenders charge upfront penalties when you prepay your loan. Ideally, you should only accept a personal loan that does not charge these fees. You may be able to pay for your loan early. Why should I pay a fee to be responsible?

Put simply, interest rates on personal loans can be significant over time, so try to avoid them. Fortunately, many of the leading private lenders offer loans with no opening fees or hidden fees. If your credit rating is quite good (in most cases, more than 740), you might be eligible for a free personal loan.

Personal Loans offered by

PersonalLoans.​com offers loans between $ 500 and $ 35,000. Not everyone can qualify for the maximum amount based on income, credit score and other factors. The APR also depends on your balance, the loan you choose, and the amount you wish to borrow.

Because of PersonalLoans.​com puts you in touch with a lender who can meet your needs, the APR you qualify for can vary considerably. The general range of most lenders is from 5.​99% to 35.​99%.​

One of the advantages of PersonalLoans.​com is the flexibility of the conditions. Depending on the loan, the loan amount and the creditworthiness of the applicant, loans between six and 72 months may be able to be granted.

There is no penalty for paying early. The opening rates vary between 1% and 5% per loan, depending on the type of loan.

Profile of the borrower

As a borrower, you must be over 18 years of age and be a citizen or permanent resident of the US. You must also have a social security number and a regular income.

This can result from employment, self-employment, old-age or disability pensions. Most lenders must have a valid checking account, as this will transfer the funds.

PersonalLoans Review- moneyAlthough PersonalLoans.​com was developed for people with a lower credit rating, it may not have any accounts with payments late than 60 days or a recent bankruptcy. Recent publications are not allowed, and you may not have a late payments program.

Other specific requirements depend on the type of loan you receive. For example, for a peer-to-peer loan, you need a minimum of 600 credits with a proven income of at least $ 2,000.

PersonalLoans Review- Money

For a term loan, a credit rating of 580 or more is required, while for a personal loan to a bank, the same minimum credit rating, but an income of at least $ 3,000 per month, is required.

While bad credit can be the result of old credit problems, lenders want to know that you have overcome these problems and are now making payments on time.

Even if you improve your payment habits, your low credit rating may accompany you for several years. PersonalLoans.​com opens the door to lending to many borrowers looking for a personal loan with bad credit.

  • Loan request process

When submitting a loan request, you must first determine what kind of credit you have. You fill out a simple form on the company’s website that shows the amount you need, the reason for the loan, and the status of your loan.

In addition, you must provide personal information about your workplace, income and bank details. These include your social security number, employer and other information.

Once the loan request is received and you are connected to a lender, the lender checks it to determine your approval. The initial approval decision is usually given in minutes.

Subsequently, the lender checks the information in your request for accuracy. If something is different, they can ask for clarification or reject the loan. The entire process usually takes less than a day.

If you are connected with a lender, you will receive a loan agreement listing the terms. This comes directly from the particular lender who actually provides the funds for the loan. You will know the amount of your approval, the repayment period, the amount of your monthly payment and the interest rate.

Once you have accepted the loan terms and signed the contract, the amount will be transferred to your bank account. You can then create an online account in the Account Center.

You can sign in to the Account Center, update the information, and view your loan requests and other data. You can even submit a request for a new loan in the Account Center, with your data already included.

  • Once approved

You may be able to finance your loan on a business day, but up to five business days. It depends on the banking process and the speed with which you sign the agreement.

PersonalLoans Review- once approved
Since PersonalLoans.​com is more of a liaison service than a direct lender, the fees and rates for late-payments and other situations vary between lenders.

PersonalLoans Review- once approved
You can expect a fine if you make a late payment or if a payment is returned. Each lender authorizes payments by electronic transfer or online payment.

You can also pay by phone. Most payments are made monthly or every two months, but other arrangements can be made directly with the lender.

  • Particularities

Instead of lending money directly, PersonalLoans.​com connects borrowers with lenders. This gives you more options and you do not have to submit a loan request individually to each lender, saving you time and effort.

In addition, you can determine the type of loan you can take much more quickly than you can successively turn to different types of lenders.

Since PersonalLoans.​com offers three types of loans, a larger number of applicants may be able to be approved. Each type of loan has its own requirements, and if the person is not eligible for a loan, they can try another.

Is PersonalLoans.​com legitimate?

Yes, PersonalLoans.​com works legally as a link service in almost every state. They are also a member of the Online Lenders Alliance (OLA), a commercial organization that sets industry standards. When you submit your information online, PersonalLoans.​com uses standard SSL encryption to protect your personal information.

PersonalLoans Review-exchange

What does the Internet say about PersonalLoans.​com?

Around three-quarters of these experts also rated their services as excellent. Most customers seemed satisfied with the speed with which they had received their money and the quality of customer service.

In these cases, it is difficult to say what happened because of PersonalLoans.​com did not respond and the attractiveness of the moderate loan you use should not affect your creditworthiness.

For this reason, you should research your own opinions and contact PersonalLoans.​com to find out how to handle customer service. Take any positive or negative comment with a grain of salt and remember that if you are not satisfied with a loan offer, you are not required to accept it.

PersonalLoans Review | Is PersonalLoans.​com your right choice?

Like LendUpCashAdvance.​com, and others, PersonalLoans.​com also has lenders that offer personal loans to people in need of fast money.

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But should I submit a request for a personal loan first? If so, is PersonalLoans.​com a good option? Maybe, but note the following points:

PersonalLoans Review -dollar

  • High-interest rates

PersonalLoans.​com appears to have a generally positive online reputation, with the most frequent compliments relating to usability, customer service, and the simple credit process.

The most frequent customer complaints, however, were high-interest rates. In fact, you can expect between 25% and 150% interest for most lenders, which in some cases can almost reach the amount of your original loan.

Pros and Cons of PersonalLoans Review


  • Applying for a loan from is easy and the whole process can be completed online. This means you do not have to meet a credit professional or personally answer any embarrassing questions.
  • It is possible to get immediate approval of your loan within 1 to 5 working days and deposit your balance into your bank account.
  • You can borrow up to $ 35,000 (if you qualify) and pay for a period of 90 days to 72 months.
  • You can borrow money for some reason.


  • is not a direct lender. So you do not know who to ask before you submit your application and listen to it.
  • Since the application process is completed online, do not establish a personal connection with your lender.
  • You may not be eligible for a loan, but you will not know it before you apply.
  • They must meet the minimum requirements for creditworthiness and income, which can be difficult in case of difficulties.
  • Once you have received a loan offer from, you should read the fine print to check prices and other hidden details.


Conclusion: PersonalLoans Review 2023

Since PersonalLoans.​com is just a market for comparing loans from different lenders, you will not be working with this company for more than a day. Thanks to his main task, he can easily submit a loan request to a large lender network in one place.

Once you have found the loan you are looking for, you should do further research to make sure your new lender is legitimate.

Hurry! Check Out PersonalLoans Now

However, it is worthwhile to use this credit market. Finally, the best way to save money is to browse, and PersonalLoans.​com gives you the opportunity to do so. Just as you compare car insurance, new car prices, and home loans, you should also compare personal loans to get the best possible offer.

I hope this post suits your purpose well and helped you in getting a detailed insight of PersonalLoans Review. And if you liked the post then you can easily share it on various social media platforms like Facebook, Twitter, and LinkedIn.


Andy Thompson
This author is verified on

Andy Thompson has been a freelance writer for a long while. She is a senior SEO and content marketing analyst at Digiexe, a digital marketing agency specializing in content and data-driven SEO. She has more than seven years of experience in digital marketing & affiliate marketing too. She likes sharing her knowledge in a wide range of domains ranging from e-commerce, startups, social media marketing, making money online, affiliate marketing to human capital management, and much more. She has been writing for several authoritative SEO, Make Money Online & digital marketing blogs like ImageStation.

Affiliate disclosure: In full transparency – some of the links on our website are affiliate links, if you use them to make a purchase we will earn a commission at no additional cost for you (none whatsoever!).

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