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Visual guides to help you understand personal loans, credit scores, and smart borrowing strategies.
Credit Score Ranges & What They Mean
Your credit score determines the interest rate you'll qualify for. Here's how lenders view different score ranges.
25-36%
APR Range
Hard to qualify
18-25%
APR Range
Limited options
12-18%
APR Range
Average rates
8-12%
APR Range
Good rates
5.99-8%
APR Range
Best rates
Pro Tip: Improving your score by just 50 points could save you thousands in interest over the life of your loan.
The Personal Loan Process: 5 Simple Steps
From application to funding, here's what to expect when getting a personal loan.
1. Research
Compare lenders & rates
~30 min
2. Pre-qualify
Soft credit check
2-5 min
3. Apply
Submit full application
10-15 min
4. Approval
Get your decision
Minutes - 2 days
5. Funding
Money in your account
1-7 days
📋 Documents You'll Need:
Government ID
Pay Stubs
Bank Statements
Proof of Address
Debt Consolidation: Before & After
See how combining multiple debts into one personal loan can simplify your finances and save money.
❌ Before: Multiple Debts
4 Payments / Month
Avg APR: 24.24%
✅ After: One Personal Loan
10.5%
APR
1 Payment / Month
Save ~14% on interest!
$3,200
Avg. Interest Savings
1
Monthly Payment
Fixed
Payoff Date
Personal Loan Industry Statistics 2025
Key facts and figures about the personal loan market.
Most Common Uses for Personal Loans
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