Personal Loans Review


Personal Loans is not a direct lender. It is a loan matching service that connects personal loan borrowers with its network of lenders. The company provides an easy online application form and subsequently forwarded to lenders for approval. Personal Loans currently offers three types of personal loans; peer-to-peer lending, personal installment loans and bank loans. Personal Loans is a free service and no fees are collected during the application process.   



Loan matching service


Loan Details

Personal Loans is a loan matching service and currently works  with three major types of lenders. Below are the typical requirements for each lender type.


Peer-to-peer lending

  • Credit score 600+
  • Minimum income: $2,000 per month, must be verifiable
  • Income source: employed or self-employed
  • Loan range given: $1,000 to $35,000


Personal installment loans

  • Credit score: 580+
  • Minimum income: $2,000 per month
  • Income source: employed, self-employed or benefits
  • Loan range given: $1,000 to $20,000


Bank personal loans

  • Credit score: 580+
  • Minimum income: $3,000 per month
  • Income: employed or self-employed
  • Loan range given: $1,000 to $35,000


Unsecured personal loans


Minimum loan amount


Maximum loan amount


Minimum loan period

6 months

Maximum loan period

72 months

Loan rates

Depends on lender

Direct deposit




Online application time

A few minutes

Response times

In as little as a few minutes


US citizen and permanent residents

Valid ID

Regular income

Checking account

Good credit score


Personal Loans Summary

Personal Loans goes into the details of what it takes for your personal loans to get approved. This at least gives you an idea of your personal loan application’s success rate. Remember that lenders often do a credit check which ultimately affects the likelihood of you getting approved for future loan applications. Overall, Personal Loans is one of the best sources for personal loans. It gives borrowers a seamless portal for connecting with various types of lenders giving them a great chance of locking in personal loans with the best available rates.