5 Great Personal Loan Options for Your Home Improvement Projects
Are you planning to remodel your home but don’t have enough savings to cover all the expenses? A personal loan can be a great solution to finance your home improvement projects. Here are five personal loan options that you can consider:
1. LightStream
LightStream offers low rates for unsecured personal loans with fixed repayments. If you have a good credit score, you can get a loan up to $100,000 with a term of up to 12 years. The company offers a rate beat program where they will beat a competitor’s rate by 0.10% if you meet their conditions.
2. Best Egg
Best Egg offers personal loans for home improvements, debt consolidation, and other purposes. Their rates start at 5.99% APR and have a term of up to five years. They have a quick online application process, and you can receive your loan as soon as one business day after approval.
3. Prosper
Prosper offers unsecured personal loans with rates starting at 6.95% APR. You can get a loan up to $40,000 with a term of up to five years. They have a simple online application process, and you can receive your loan within a few days.
4. Upstart
Upstart offers personal loans for home improvement, debt consolidation, and other purposes. They use artificial intelligence to assess your creditworthiness and offer competitive rates starting at 6.18% APR. You can get a loan up to $50,000 with a term of up to three years.
5. Marcus
Marcus by Goldman Sachs offers fixed-rate personal loans for home improvements, debt consolidation, and other purposes. Their rates start at 6.99% APR, and they have a term of up to six years. They have no fees, and you can receive your loan within a few days after approval.
In conclusion, personal loans can be a great option to finance your home improvement projects. You can choose from various lenders and compare their rates and terms to find the best option that fits your needs. Make sure to consider your credit score, income, and expenses before applying for a loan and choose a repayment plan that you can afford.
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