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    What is an online personal loan?

    If you're curious about what an online personal loan is, here’s a brief overview:

    • An online personal loan is a type of unsecured loan obtained through internet-based lenders.
    • It can be used for various purposes, such as debt consolidation, home improvements, or unexpected expenses.
    • The application process is typically quick and can be completed entirely online.
    • Approval and funding can often occur within a few days, sometimes even within hours.
    • Interest rates may vary based on creditworthiness and lender policies.
    • Borrowers usually receive a fixed amount, which they repay in monthly installments over a set term.
    • Online personal loans may have fewer fees compared to traditional bank loans.
    • Many lenders offer pre-qualification options to check eligibility without affecting credit scores.
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  2. Jan 12, 2021 · A personal loan is financing extended by an online or traditional lender that you can use for a range of personal purposes. If you’re facing travel expenses, home or auto...

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  4. May 1, 2024 · Compare personal loans from online lenders like SoFi, Discover and LightStream. Personal loan rates start as low as 7% for qualified borrowers. Pre-qualify for your personal loan...

  5. Dec 8, 2023 · Key Takeaways. Personal loans are loans that can cover a number of personal expenses. You can find personal loans through banks, credit unions, and online lenders. Personal loans...

  6. Sep 17, 2024 · Personal loans are a type of financing borrowers can get from traditional banks, credit unions or online lenders, in which they receive a lump-sum payment they can use for just about any...

  7. Sep 3, 2024 · Compare the best personal loan lenders, including LightStream, SoFi, LendingClub and others. Shop personal loans and pre-qualify with multiple online loan companies.

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