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If you're in need of cash or perhaps looking to consolidate some of your credit card debt, an unsecured personal loan could be the solution. With competitive interest rates, flexible terms, and no application, disbursement, or origination fees, personal loans can help you borrow the money you need when you need it most.
Personal loans offer unsecured, fixed, or variable rates. They also offer several different term lengths. You can use a loan calculator before applying to estimate how much your monthly payment will be to make sure the payment fits into your monthly budget.
The benefit of a personal loan is it can be used for a variety of purposes, including paying off existing credit card debt. Other uses for a personal loan may include offsetting the costs of adopting a child, financing a wedding, taking a dream vacation, or making a large purchase, such as furniture.
Since personal loans aren't backed by collateral, lenders are going to take a close look at your credit score to make a decision. Generally, the higher your score, the better the interest rate you'll receive on your personal loan. A slightly better interest rate on a large personal loan could save you thousands in interest over the life of the loan, so it’s important to improve your credit score as much as possible before applying.
A personal loan may also help improve your credit score if you commit to making every payment on time. A strong track record of on-time payments is a key factor in maintaining good credit.
Consider the following benefits of personal loans to see if it’s an option that makes sense for you:
Personal loans can provide the funds you’re looking for to consolidate your debt, make that big purchase, or pay for a wedding. Review your finances before applying to ensure a personal loan is the right option to help you meet your financial goals.
We are committed to helping you reach your potential by providing personalized solutions. Our dedicated colleagues can help you find the right product to help you reach your goals. To learn more, please call 1-888-333-0104, visit us online, or Ask a Citizen at your nearest Citizens Bank branch.
The zip code you entered is served by Citizens One, the brand name for Citizens Bank's lending business outside of our 11‑state branch footprint. Under the Citizens One brand we offer Auto Loans, Credit Cards, Mortgages, Personal Loans and Student Loans. To learn more, please visit: