Frequently Asked Questions
What’s the difference between secured and unsecured personal loans?
Secured loans require collateral (like a car or savings), while unsecured loans are based on your creditworthiness and don’t need assets to back them.
How does pre-qualification affect my credit score?
Pre-qualification involves a soft credit check and doesn’t affect your score. Pre-approval often involves a hard inquiry, which may temporarily lower your score.
What is a good interest rate for a personal loan?
Good interest rates vary by credit profile but typically range from 6%–12% for borrowers with excellent credit. Lower scores may see higher rates.
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