Home » Guide to Personal LoansGuide to Personal LoansWhat are personal loans?A personal loan is a type of loan that can be used for almost anything. Repayment is over a set period of time.Like auto loans, mortgages, student loans, and credit cards, personal loans are a type of credit. You can use a personal loan to pay for almost anything (though there are a few exceptions!).Here’s where it gets exciting. In just the last ten years, companies have increasingly started using technology to find new ways to make applying, securing, and repaying personal loans a lot easier. There’s never been a better time to consider personal loans as an option.What’s the difference between a personal loan and other kinds of loans?When you need money quickly, it can be easy to get overwhelmed by all the different types of loans out there, such as:Business loansMortgagesAuto loansStudent loansOther types of loan products and lines of creditDepending on your unique financial situation, there’s likely a loan option out there for you.