Good Personal Loans


Deals On Personal Loans

LightStream says it will give you a personal loan for “practically anything.”

Of course, that’s true of most personal loans: Once you qualify for a loan at a particular interest rate, you typically can spend the money on anything you want.

LightStream’s twist is that what you buy determines the interest rate you pay. If you have a credit score above 680 and a substantial credit history, LightStream has interest rates tailored for everything from buying a horse to paying for fertility treatments. (LightStream doesn’t offer loans for college tuition or businesses.)

For example, a well-qualified borrower getting LightStream’s best rates on an unsecured, $25, 000 three-year loan would pay:

  • 1.99% APR on a new car loan
  • 4.99% for a home improvement / solar installation / pool loan
  • 5.49% for a credit card or debt consolidation loan

Borrowers must agree to use the loan as intended. In return, they get an unsecured personal loan at a lower rate, in some cases for the price of a traditional secured loan.

Secured loans vs. unsecured loans

With a secured loan, the lender has a claim on your property if you don’t pay. For example, your bank holds title to your car until it’s paid off and requires that you buy comprehensive and collision insurance to protect its interest in the vehicle. Home improvement loans typically require you to pledge your house or savings as collateral.

Unsecured loans, on the other hand, are made on your creditworthiness alone. With no collateral, the risk for lenders is bigger, and they charge much higher rates to make up for it.

LightStream turns that business model on its head by requiring good to excellent credit for all its borrowers, then pricing loans by their purpose.

The reason you’re borrowing money is the most important factor used to determine the range of interest rates you would qualify for, says Todd Nelson, LightStream’s director of business development. LightStream recognizes that a loan to pay off existing debt is inherently riskier than, say, one for buying a new car, Nelson says.

Interesting facts

  • Mortgage is a word which is used for Personal or Intellectual Properties. It is related to or indicated by valuable goods such as a car or family house or farm house. Mortgage loans are considered by value of properties or mortgage. Probably it is considered as a under cost or lower cost in India, but in other countries it will be behaved like...
  • A loan officer is a person who serves as an intermediary between lending institutions and borrowers. They solicit loans, represent creditors to borrowers, and represent borrowers to creditors.
    Loan officers work for banks and other financial institutions. They help individuals and businesses obtain funds from these lenders. Loan officers...

Additional information


How to Obtain a Personal Loan on Prosper
How to Obtain a Personal Loan on Prosper
Personal Loans Guide | Hints and Tips | RateCity.com.au
Personal Loans Guide | Hints and Tips | RateCity.com.au
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Good Secured Personal Loans Bad Credit
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Popular Q&A

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what bank has a good personal loan to offer? | Yahoo Answers

There is no such thing as a good personal loan offer to someone who just filed bankruptcy. You don't seem to understand the consequences of bankruptcy. Banks are NOT lining up to give you great offers that they give to more financially responsible people.

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Where can I find a good personal loan website.

You can use FDIC Bank Find - allows you to locate FDIC-insured institutions by entering your information and you will be provided with a list of institutions

  • Answer:
If you're thinking about applying for a personal loan on line be really careful. When I researched on-line mortgages all I could find were rip offs. I wouldn't be surprised if it wasn't the same for personal loans.