Current personal loan rates in New Jersey range from as low as 3.99% up to 36%. Like shopping for anything online, the only way to ensure you’re getting the best personal loan rates in New Jersey is to compare your offers from competing lenders.
It takes only a few minutes to pre-qualify for personal loans from the top lenders in New Jersey. This could help you save hundreds or even thousands of dollars on the overall cost of your loan.
Here’s what to do:
The table below shows reputable personal loan lenders and some info on them.
To get a personal loan simply choose “See My Rate” and complete the inquiry from our partner to get a current, custom loan offer.
In short, personal loans are unsecured installment loans. The term “Unsecured” means you don’t have to put up collateral that the lender can take if you fail to repay your loan. The term “Installment loan” means a lender will provide a lump sum that you repay with regular installments over a predetermined term until the balance is zero.
Personal loans are great because you can use them for any legal purpose you feel fit. With a personal loan you will how much you’ll pay each month and exactly when the loan will be paid off so you can budget repayments accordingly.
Like many other financial services products, you get a personal loan through an application process with a bank, credit union, or online lender. Personal loan applications are also pretty straightforward and simple to complete. Lenders want to make sure that you are able to repay your loan, so they require proof of income. Lenders will also check your credit score to get a glimpse of your loan repayment history.
Because personal loans are unsecured, your credit score is more important than it is for a secured loan like a mortgage or auto loan.
There are many different personal loan lenders that specialize in lending to borrowers across the credit spectrum. Some lenders may only accept applicants with excellent credit, while others work with fair-credit borrowers or make “second chance” loans.
For most lenders, the minimum acceptable credit score for personal loans range from 600 to over 700. Borrowers with higher credit scores will receive more offers with competitive rates from lenders while lower credit score borrowers might have limited options.