Dhara Singh is a personal finance writer with more than 300 articles published online on topics related to personal loans, mortgages, and retirement. Her work has been published on major financial ...

Say an appraiser values your home at $350,000. You’re still paying off a mortgage on that home, which has a balance of $100,000. If you subtract $100,000 from $350,000, you get $250,000 — this ...

Interest rates are typically lower compared to other financing methods like personal loans and credit cards. For example, through a crypto loan lender like Nexo, rates range from 0% to 13.9%.

Many banks, credit unions and online lenders offer $10,000 personal loans to qualifying borrowers. When you borrow a $10,000 loan, you’ll receive a lump sum up front and pay it back monthly over ...

The Central Bank of Kenya (CBK) on April 23, 2025, announced plans to introduce changes to its current lending rate framework, known as the Risk-Based Credit Pricing Model (RBCPM), in turn ...

In October, Kotak Mahindra Bank Limited announced that it had entered into an agreement to acquire the Personal Loan book of Standard Chartered Bank, India.

When to use a personal loan to pay off debt One of the main reasons people choose personal loans for debt consolidation is to lower their interest rates. With a lower rate, more of your payment ...

In general, personal loan rates are almost always lower than the interest on a credit card, but they can still add substantial costs to your borrowed amount. You can find a wide range of ...

Even if you can't get a personal loan from a credit union, many offer payday alternative loans, or PALs, that let you borrow up to $2,000 at a capped interest rate.

Cosigning a loan is a good way to help out someone in your life who is struggling to get one — whether a student or personal loan — on their own terms. This may be because they do not meet the ...

If you're buried in personal loan debt and struggling to keep up with payments, debt settlement (which is also referred to as debt forgiveness) might offer a real path forward.

The average rate for a 24-month personal loan is 8.73%, according to the most recent Federal Reserve data. However, this average rate has been sliding since 2018, when it was 10.32%.