Lainasumma:

€

Laina-aika:

kuukausi

Näytä lainat 18-vuotiaille Näytä lainat 18-vuotiaille

Lainantarjoajat

Lainasumma:1000 – 50000 €

Laina-aika:12 vuotta

Lainan kesto:60 – 144 kuukautta

Ikävaatimus:24 vuotta

Korko:6.9 – 17.81%

Vakuudeton:

HAE LAINAA TÄSTÄ

Lainasumma:2000 – 60000 €

Laina-aika:15 vuotta

Lainan kesto:12 – 180 kuukautta

Ikävaatimus:20 vuotta

Korko:4 – 20%

Vakuudeton:

HAE LAINAA TÄSTÄ

Lainasumma:100 – 60000 €

Laina-aika:15 vuotta

Lainan kesto:12 – 180 kuukautta

Ikävaatimus:18 vuotta

Korko:4.19 – 20%

Vakuudeton:

HAE LAINAA TÄSTÄ

Lainasumma:100 – 60000 €

Laina-aika:20 vuotta

Lainan kesto:12 – 240 kuukautta

Ikävaatimus:18 vuotta

Korko:4.19 – 20%

Vakuudeton:

HAE LAINAA TÄSTÄ

Lainasumma:2000 – 60000 €

Laina-aika:18 vuotta

Lainan kesto:12 – 216 kuukautta

Ikävaatimus:25 vuotta

Korko:4 – 10%

Vakuudeton:

HAE LAINAA TÄSTÄ

Lainasumma:2000 – 60000 €

Laina-aika:15 vuotta

Lainan kesto:12 – 180 kuukautta

Ikävaatimus:18 vuotta

Korko:4.5 – 50.5%

Vakuudeton:

HAE LAINAA TÄSTÄ

Lainasumma:500 – 60000 €

Laina-aika:18 vuotta

Lainan kesto:12 – 216 kuukautta

Ikävaatimus:20 vuotta

Korko:4.68 – 20%

Vakuudeton:

HAE LAINAA TÄSTÄ

Lainasumma:500 – 60000 €

Laina-aika:15 vuotta

Lainan kesto:6 – 180 kuukautta

Ikävaatimus:18 vuotta

Korko:6.58 – 29.35%

Vakuudeton:

HAE LAINAA TÄSTÄ

Lainasumma:1000 – 3000 €

Laina-aika:10 vuotta

Lainan kesto:24 – 120 kuukautta

Ikävaatimus:20 vuotta

Korko:7 – 20%

Vakuudeton:

HAE LAINAA TÄSTÄ

Lainasumma:500 – 70000 €

Laina-aika:15 vuotta

Lainan kesto:12 – 180 kuukautta

Ikävaatimus:20 vuotta

Korko:4.5 – 20%

Vakuudeton:

HAE LAINAA TÄSTÄ

Lainasumma:1000 – 60000 €

Laina-aika:15 vuotta

Lainan kesto:12 – 180 kuukautta

Ikävaatimus:20 vuotta

Korko:4.5 – 50.5%

Vakuudeton:

HAE LAINAA TÄSTÄ

Lainasumma:100 – 2000 €

Laina-aika:1 vuosi

Lainan kesto:1 – 12 kuukautta

Ikävaatimus:18 vuotta

Korko:19.9 – 19.9%

Vakuudeton:

HAE LAINAA TÄSTÄ

Lainasumma:2000 – 60000 €

Laina-aika:15 vuotta

Lainan kesto:12 – 180 kuukautta

Ikävaatimus:25 vuotta

Korko:4 – 20%

Vakuudeton:

HAE LAINAA TÄSTÄ

Lainasumma:1000 – 60000 €

Laina-aika:15 vuotta

Lainan kesto:12 – 180 kuukautta

Ikävaatimus:20 vuotta

Korko:4.99 – 20%

Vakuudeton:

HAE LAINAA TÄSTÄ

Lainasumma:100 – 2000 €

Laina-aika:1 vuosi

Lainan kesto:1 – 12 kuukautta

Ikävaatimus:18 vuotta

Korko:19.9 – 19.9%

Vakuudeton:

HAE LAINAA TÄSTÄ

Lainasumma:100 – 2000 €

Laina-aika:1 vuosi

Lainan kesto:1 – 12 kuukautta

Ikävaatimus:18 vuotta

Korko:19.9 – 19.9%

Vakuudeton:

HAE LAINAA TÄSTÄ

Lainasumma:100 – 10000 €

Laina-aika:5 vuotta

Lainan kesto:30 – 60 kuukautta

Ikävaatimus:21 vuotta

Korko:9.9 – 20%

Vakuudeton:

HAE LAINAA TÄSTÄ

Lainasumma:1000 – 30000 €

Laina-aika:10 vuotta

Lainan kesto:24 – 120 kuukautta

Ikävaatimus:20 vuotta

Korko:7 – 20%

Vakuudeton:

HAE LAINAA TÄSTÄ

Lainasumma:1 – 4000 €

Laina-aika:4 vuotta 6 month

Lainan kesto:1 – 54 kuukautta

Ikävaatimus:25 vuotta

Korko:19.97 – 19.97%

Vakuudeton:

HAE LAINAA TÄSTÄ

Lainasumma:1000 – 50000 €

Laina-aika:60 vuotta

Lainan kesto:12 – 720 kuukautta

Ikävaatimus:23 vuotta

Korko:4.9 – 14.9%

Vakuudeton:

HAE LAINAA TÄSTÄ

Lainasumma:1000 – 70000 €

Laina-aika:15 vuotta

Lainan kesto:12 – 180 kuukautta

Ikävaatimus:20 vuotta

Korko:4 – 20%

Vakuudeton:

HAE LAINAA TÄSTÄ

Lainasumma:1000 – 60000 €

Laina-aika:15 vuotta

Lainan kesto:12 – 180 kuukautta

Ikävaatimus:20 vuotta

Korko:4 – 20%

Vakuudeton:

HAE LAINAA TÄSTÄ

Lainasumma:2500 – 60000 €

Laina-aika:15 vuotta

Lainan kesto:12 – 180 kuukautta

Ikävaatimus:20 vuotta

Korko:4.5 – 20%

Vakuudeton:

HAE LAINAA TÄSTÄ

Lainasumma:2000 – 60000 €

Laina-aika:15 vuotta

Lainan kesto:12 – 180 kuukautta

Ikävaatimus:20 vuotta

Korko:4.99 – 20%

Vakuudeton:

HAE LAINAA TÄSTÄ

Lainasumma:1000 – 60000 €

Laina-aika:15 vuotta

Lainan kesto:12 – 180 kuukautta

Ikävaatimus:18 vuotta

Korko:4.5 – 10%

Vakuudeton:

HAE LAINAA TÄSTÄ

Lainasumma:1000 – 20000 €

Laina-aika:6 vuotta

Lainan kesto:24 – 72 kuukautta

Ikävaatimus:21 vuotta

Korko:2.9 – 9.9%

Vakuudeton:

HAE LAINAA TÄSTÄ

Lainasumma:1000 – 60000 €

Laina-aika:15 vuotta

Lainan kesto:12 – 180 kuukautta

Ikävaatimus:20 vuotta

Korko:4.99 – 20%

Vakuudeton:

HAE LAINAA TÄSTÄ

Lataa lisää

Get the Best Personal Loan of May 2023

It’s May 2023, and you’re on the hunt for the best personal loan to kickstart your financial goals. With so many lenders and loan options to choose from, it can be daunting to navigate the world of personal loans. But fear not! We’re here to guide you through the process and help you compare and contrast your options, ensuring you make the right choice for your unique financial needs.

Short Summary

• Personal loans are a useful financial tool, with two main types and repayment terms ranging from two to seven years.

• It is important to consider the loan terms and interest rates when selecting a personal loan for one’s needs.

• Comparison tools can help evaluate different offers by providing detailed information such as interest rate, APR, fees, etc.

Understanding Personal Loans

Personal loans are a versatile financial tool, designed to assist you with various expenses, from home improvements to debt consolidation and medical bills. You can obtain personal loans from a range of sources, such as traditional banks, credit unions, and online lenders.

But before diving into the world of personal loans, it’s essential to understand the different types, terms and interest rates, and how they can be used to meet your financial objectives.

Types of Personal Loans

Personal loans come in two main forms: secured and unsecured. Secured loans require some form of collateral, like a car or a house, to guarantee the loan. Unsecured loans, however, do not need any collateral for a guarantee. Loan amounts generally range from $1,000 to $50,000, with repayment terms spanning two to seven years.

It’s important to be aware of the fees associated with personal loans, which may include origination fees, late payment fees, returned check fees, and prepayment penalties. Some lenders, like LightStream, even offer a 30-day loan experience guarantee to ensure customer satisfaction.

Choosing the right type of personal loan depends on your financial situation and credit history. While unsecured loans may be more accessible for those with excellent credit, secured loans might be a better option for borrowers with less-than-perfect credit scores who can provide collateral.

Regardless of the type of loan you choose, always compare the loan amounts, repayment terms, and fees offered by different lenders to find the most suitable option for your needs.

Loan Terms and Interest Rates

When comparing personal loans, it’s crucial to understand the differences between interest rates and the annual percentage rate (APR). The interest rate is the percentage charged for borrowing, while the APR is the total annual cost of a loan, including the interest rate, fees, and repayment term duration. Personal loans typically have fixed monthly payments. These payments are spread out over the entire loan term, which can range from one to seven years.

The term length of a personal loan can significantly impact your monthly payments and total interest paid. For example, borrowing $3,000 over one year with an 11% interest rate would result in a monthly payment of $265 and a total interest of $182, amounting to $3,182. However, if the same loan were extended over three years, the monthly payment would drop to $98, but the total interest would rise to $536, totaling $3,536.

It’s essential to weigh the pros and cons of different term lengths when choosing a personal loan, as shorter terms often lead to higher monthly payments but lower total interest, while longer terms result in lower monthly payments but higher total interest.

Common Uses for Personal Loans

Personal loans can be employed for a wide array of purposes. Common uses include home improvement projects, travel and vacations, weddings, car-related expenses, and debt consolidation. Banks may place restrictions on how their personal loan funds are used. For instance, such funds cannot be utilized for post-secondary education costs, business purposes, or any illegal activities. When considering a personal loan, think about how it can help you achieve your financial goals and whether it aligns with the lender’s restrictions.

Personal loans can be beneficial in many scenarios. They are suitable for financial emergencies, medical bills, adoption and fertility costs, auto repairs, pet emergencies, and small business expenses. By understanding the common uses for personal loans and identifying your specific needs, you can choose the right loan for your situation and ensure you stay on track with your financial objectives.

Choosing the Right Lender

Selecting the right lender is a crucial step in obtaining the best personal loan for your needs. It’s essential to compare various loan options from banks, credit unions, and online lenders to find the most competitive rates and terms.

By understanding the differences between these lenders and utilizing comparison tools, you can make an informed decision and secure the most suitable loan for your financial situation.

Banks and Credit Unions

Banks and credit unions are two common sources of personal loans. While banks are typically for-profit institutions owned by shareholders, credit unions are non-profit organizations owned by their members. Credit unions tend to offer higher interest rates, lower fees, and greater flexibility than banks. However, they may have fewer branches and services. Conversely, banks may provide more convenient access to ATMs and branches, but they often charge higher fees and offer less flexibility.

Both banks and credit unions offer an array of services, including checking and savings accounts, loans, credit cards, and investment services. To apply for a loan from either a bank or credit union, you would typically need to submit an application, furnish documentation, and await approval, a process that may take several days or weeks, depending on the lender.

Weighing the pros and cons of banks and credit unions can help you determine which type of lender is right for your needs.

Online Lenders

Online lenders provide borrowers with access to a range of loan products and services through digital platforms. These lenders offer numerous advantages, such as the ability to compare rates easily, a variety of options, expedient and convenient service, and reduced fees. However, they may also present some drawbacks, such as higher interest rates, reduced human-to-human interaction, and the risk of identity theft.

When considering online lenders, it’s crucial to evaluate the minimum credit score requirements. For example, Universal Credit mandates a minimum credit score of 580. By comparing the benefits and drawbacks of online lenders and understanding their credit score requirements, you can determine if they are the right fit for your financial situation.

Comparing Loan Offers

When comparing loan offers, it’s important to consider factors such as loan amount, interest rate and APR, estimated monthly payment, prepayment penalty, loan costs, and total cash to close. To request loan estimates from multiple lenders, submit loan applications to each lender, providing accurate information to ensure you receive accurate loan estimates.

After obtaining loan estimates, review and compare them based on the factors mentioned earlier. By doing so, you can identify the most suitable loan offer for your needs and financial circumstances. Fine-tuning loan offers by modifying the loan amount, interest rate, and other factors can help you determine the best option for your requirements.

Application Process and Requirements

Once you’ve chosen the right lender and loan type, it’s time to begin the application process. To maximize your chances of approval and secure the best terms, it’s essential to understand eligibility requirements, check your credit score, gather the necessary documents, and submit your application.

Checking Your Credit Score

A suitable credit score is crucial for obtaining a personal loan or credit card. Generally, a credit score within the range of 670 to 739 for FICO Score 8 or FICO Score 9, or at least 661 for VantageScore 3.0 or VantageScore 4.0, is considered acceptable. However, some lenders may approve loans for borrowers with a variety of credit scores.

For instance, Upgrade requires a minimum credit score of 580 for its personal loans. By understanding the minimum credit score requirements for different lenders, you can ensure you meet the eligibility criteria and increase your chances of approval.

Gathering Necessary Documents

When applying for a personal loan, you’ll need to provide several documents to verify your identity, address, and income. These documents may include proof of identity, proof of address, proof of income, and bank statements. It’s important to gather all the necessary documents before applying to streamline the application process.

Additionally, be aware of the pre-loan debt-to-income ratio requirements for specific lenders, such as Upgrade, which requires a maximum pre-loan debt-to-income ratio of 45%, excluding mortgage.

Submitting Your Application

After gathering the necessary documents and ensuring you meet the eligibility requirements, it’s time to submit your application. The timeline for receiving funds from a lender varies. For example, Discover personal loans typically provide a decision on the same day, and funds may be sent as soon as the following business day if the loan was funded on a week day and there are no typos or errors in the application.

In contrast, LendingPoint personal loans, once approved, may provide funds as soon as the following business day. It’s also possible to apply for a personal loan with another individual. When applying with a joint applicant, their income and credit history will be taken into account and may influence the interest rate or loan amount.

By understanding the application process and timeline, you can ensure a smooth and efficient experience.

Managing Your Personal Loan

Obtaining a personal loan is just the beginning – it’s essential to manage your loan effectively to ensure timely repayment and minimize the impact on your credit score. This involves setting up automatic payments, monitoring your loan progress, and considering the option of paying off your loan early if it makes financial sense.

Setting Up Automatic Payments

Setting up automatic payments is a convenient way to ensure timely loan payments and avoid late fees or other penalties. To set up automatic payments, provide your loan provider with your bank account information and specify the amount and frequency of the payments.

Your loan provider will then handle setting up the automatic payments. By ensuring there are sufficient funds in your account to cover the payments, you can minimize the risk of overdraft fees or other penalties.

Monitoring Your Loan Progress

Keeping track of your loan progress is crucial to ensure you stay on top of your repayments and maintain a healthy credit score. Using loan monitoring apps, such as SoFi, Upgrade, and Credit Karma, can help you track your credit score, monitor your loan payments, and ensure timely repayment.

Choosing the right loan monitoring app depends on your specific needs and preferences. For example, SoFi provides unemployment protection and the ability to adjust payment due dates annually, while Upgrade offers a Credit Health tool for tracking credit scores, and Credit Karma provides free credit score monitoring and tailored recommendations.

Paying Off Your Loan Early

Paying off your loan early can be beneficial, as it can help you save on interest and potentially improve your credit score over time. However, it’s essential to weigh the pros and cons of early repayment, as it may come with a prepayment penalty and could temporarily reduce your credit score.

Strategies such as making additional payments, formulating a repayment plan, supplementing your income, and refinancing can help you expedite your loan repayment process. Some lenders, like Upgrade, do not charge a prepayment penalty, making it easier for borrowers to pay off their loans early without incurring additional fees.

Alternatives to Personal Loans

While personal loans can be a powerful financial tool, they may not always be the best option for every situation. It’s important to explore alternatives and compare them to personal loans to ensure you make the most informed decision for your financial needs.

Some alternatives to personal loans include home equity loans and lines of credit, credit cards and balance transfers, and borrowing from friends and family.

Home Equity Loans and Lines of Credit

Home equity loans and lines of credit are financial instruments that use the equity in your home as collateral. A home equity loan is a lump-sum loan with a fixed interest rate, while a home equity line of credit (HELOC) is a revolving line of credit that allows you to borrow smaller amounts over time.

The benefits and drawbacks of each option depend on your specific financial situation and needs. For example, a home equity loan may be more suitable if you require a large, one-time loan with a fixed interest rate, while a HELOC might be a better option if you need access to funds in smaller amounts as needed.

Credit Cards and Balance Transfers

Credit cards and balance transfers are two distinct methods of borrowing money. Credit cards allow you to borrow a set amount of money and repay it in installments with interest, while balance transfers enable you to transfer the balance of one credit card to another, typically with a lower interest rate.

Both options have their pros and cons. For example, credit cards can help you earn rewards and build credit, but they often come with high interest rates and fees, while balance transfers can save money on interest and consolidate debt, but may come with balance transfer fees and higher regular annual percentage rates.

It’s essential to weigh the advantages and disadvantages of both options to determine which is best suited for your financial needs.

Borrowing from Friends and Family

Borrowing from friends and family can be a viable option for obtaining a loan without using a traditional lender. This alternative can offer more flexible repayment options, lower or interest-free rates, and the opportunity to help someone close to you.

However, it also carries potential drawbacks, such as a lack of clarity, potential social awkwardness, possible damage to relationships, and potential tax implications. When considering borrowing from friends and family, it’s crucial to maintain clear communication, draft and sign an agreement that outlines the terms and repayment schedule, and ensure both parties are comfortable with the arrangement.

Loan Calculators and Tools

Before making a final decision on which personal loan to choose, it’s essential to utilize loan calculators and tools to help you find the best loan for your needs. These tools can assist you in estimating monthly payments, total interest payable, and loan amortization schedules, ensuring you make an informed decision based on your financial circumstances.

It’s important to remember that the best loan for you may not be the one with the lowest interest rate. Consider the loan’s terms and conditions, fees, and repayment options to make sure you’re getting the best deal for your needs.

Personal Loan Calculator

A personal loan calculator is a valuable tool that estimates monthly payments based on the loan amount, interest rate, repayment period, credit score, and income. By using a personal loan calculator, you can gain a better understanding of how different loan amounts, interest rates, and repayment terms will impact your monthly payments and total interest payable.

This insight can help you make a more informed decision when choosing a personal loan that best meets your needs.

Comparison Tools

Comparison tools are online platforms that help you evaluate various personal loan offerings from different lenders, providing information on interest rates, APR, loan terms, and other relevant details. When comparing loan offers, it’s important to consider both the interest rate and APR, as well as other factors such as loan amount, monthly payment, prepayment penalties, and total cash to close.

Some of the most effective comparison tools for personal loans include Engine by Moneylion, Bankrate, and Monevo, which can help you make an informed decision and secure the most suitable loan for your financial situation.

Summary

In conclusion, finding the best personal loan in May 2023 involves careful consideration of various factors, such as understanding personal loans, choosing the right lender, managing your loan effectively, and exploring alternative financing options. By utilizing loan calculators and comparison tools, you can make an informed decision and secure a personal loan that best meets your needs and financial circumstances. Remember, the key to successful borrowing is to be proactive, diligent, and informed, ensuring you make the best decision for your unique situation.