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Personal Loans: Compare Top Lenders, Rates

Savings Corner

Ideally, getting one positively impacts your overall financial health, by helping you pay off debt faster, for example, or adding to the value of your home. Home improvement : Need to add on a home office or install a swimming pool? 2 to 7 years; up to 12 years for larger home improvement loans.

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What Is A Personal Loan?

Savings Corner

The article was reviewed, fact-checked and edited by our editorial staff. Key takeaways A personal loan is money you can borrow to finance large purchases, consolidate debt, invest in yourself or cover emergency expenses. You might, for example, be offered financing by a home improvement store when you buy an appliance.

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