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Basics

What is a Personal Loan?

woman researching what is a personal loan on laptop

You’ve most likely heard of ‘personal loans’, but you may still have questions like:

  • Exactly what is a personal loan?
  • What can it do?
  • What can I use a personal loan for?
  • Is there a fixed payment term?
  • Will I need to use my house as collateral?
  • What is an origination fee?

Watch our video below to answer these questions and more, and learn how a personal loan may be able to help you meet your financial goals.