If you’re looking for a personal loan online, then write this article because I needed one of my own life and through a lot of research I found a few that are worth considering that I want to share

with you guys so in this article I’ll be covering the pros and cons of each of the different personal loan companies so that you can know for yourself if it’s worth getting one or not and if you just found this channel I am Jason with the honors finance minister and I make a lot of videos on different topics that will give your life and your finances more value so feel free to subscribe if you want to but now let’s

just start talking about personal loans before I start talking about all the different loan companies I do want to talk about personal loans in general first, so just be patient here because I want you to be more informed so basically, if you need money for debt consolidation home improvements or medical bills then I would consider looking into a personal loan, they’re not an excuse for not saving up for significant expenses but sometimes might

I need a lot of money faster than you can save it up because I had a large yard project I had to get done by a specific date.

and so I have no other choice

then to look into the different personal loan so that I could get the job done, There’s a ton of things that qualify for personal loans but please just be responsible with them because they’re not

the cheapest loans and I only want you to look for them if you have no other choice trust me getting out of credit card debt is probably a much better reason to get a personal loan and to take a vacation

with one but that’s just my opinion and if you book a company for a wedding and they have better financing on a personal loan would then just obviously go with

the wedding company instead because that’s in your best interest if you search for the best personal loans on the Internet you’re going to find 50 different companies all competing for your business and to be honest a lot of the big companies don’t even have the best rates and terms I don’t like to pay more

Then I have to for anything in with personal loans, they were just way too many to choose from. Still, I did find different things that you can look for through the research I did I noticed that a lot of the big lenders charge a 5 % origination fee on the total of the value of the loan which is a total rip off because if you’ve got a $20,000 loan with a 5 % origination fee, then you’re instantly just going to be losing 1000 bucks and what this means is that from day one-year-old We’re going to have $19,000 on your $20,000 a loan which is just a total waste of money. Still, there are a lot of lenders that don’t charge origination fees. Those are the only ones that I’m going to be talking about so just be aware that even some of the biggest lenders out there that look good like prosper in the lending club they charge an origination fee so just watch out for those and then if anything out there sounds too good to be exact watch out because it is there’s a lot of loan scams out there.

so I want you guys to be well aware that they do exist and they prey on social media site so just be careful so if you guys see any comments on this video they have

a phone number or an email disregard them 1 00 % because they are just fishing for information and they’re

not real I’ll try my best to delete all of them but if you guys do find any of those types of comments just disregard them 1 00 % and don’t follow any of their instructions and I finally hear the top personal

loan companies I’d recommend looking into right now and thank you so much for being patient the first lender on my list of personal loans is called Marcus

by Goldman Sachs and I have an excellent personal loans Marcus advertises that they don’t charge any fees and on top of that, they’ve currently got rates that start just under 7 % and then go all the way to 2 5 % I’ll let you borrow between 30 $540,000. Later you can pay them back between 3 6 to 7 2 months, which is good. Marcus does require you to select a purpose for the loan, which is normal, but they’ve got a lot to choose from just keep in mind with personal loans.

every single category is going to have different rates because you can’t expect medical bills to have the same rate as a vacation, but usually, they are going to be pretty close to each other and understand that all the prices listed in this

video can change over time so if you’re watching this video a long time after I published it just keep in mind that the rates can be different only based

on the prime rate in different factors like that but honestly, they don’t change that much over a few years so most of the information should stay pretty accurate for a long time now obviously you’ve got

to have excellent credit to qualify for the best rates with Marcus but just keep in mind that they do except fair credit applications as well so if you But it’s not that good and Marcus is a pretty good

loan to look into so if you want to get a personal loan with bad credit then I recommend going with Marcus because they don’t charge any fees unlike a lot of the other guys most of the lenders

out there won’t even accept your application if you’ve got bad credit, and that’s where Marcus can come in handy but just keep in mind that they do have

rates that are as high as 2 5 % which is high so if you do get a 2 5 % rate with Marcus and I would reconsider and look into some other loans because that’s going to be higher than most credit cards personal loans can be costly if your credit is an optimal so definitely work on

your credit long before you ever even need a personal loan you can always apply and just see what you qualify for, but at the end of the day bad credit is always going

to cost you way too much interest and then so that you’re where Marcus also has a savings account that pays more than 2% which is one of the best yields in the entire savings industry overall it said Marcus is a perfect choice for personal

loans but the only thing I don’t like is that you have to apply to find out what you qualify for because Kurt Delay if you want to have any clue of what you’re going to pay with Marcus you have to apply first, but at least they do advertise that

they do a soft credit check, so it’s not that big of a deal for me personally I sort of like to see how much the loan is going to cost me before I apply with someone, but it’s not that big of a deal, and Marcus still made my list no next on my

the list is LightStream loans by SunTrust bank, and they are one of the best loan companies out there if you’re looking for something over $5000 they’re owned

by SunTrust bank and LightStream is the

the company that I have a personal loan with because at the end of the day they had the best rates and that’s kind of the biggest deal when it comes to getting

a personal loan LightStream doesn’t charge any fees either end of beat any competitor ‘s rate by a 10th of a point for a comparable loan so that way you’ll always be able to get the best rates with LightStream loans out of all of the competition and then on top of that they’ve got a massive selection of personal loans to choose from as well LightStream offers all kinds of personal loans with rates that started about6 % and go to 17 % with autopay which is good their loans range from 5000 Thousand dollars to $100,000 which is the most I’ve ever seen for a personal loan and then you can choose to pay back the loans for 2 4 months to 1 4 4 months which is 12 years they’ve got understand though that the rates in the terms all fluctuate based on a few different things they’re going to be based on how much you’re borrowing the length of the loan and then what you’re using the loan for so

it’s not like you can borrow $5000 and then pay it back over 12 years which is something that I wouldn’t recommend doing anyway now they do require really

good credit which is one of the main reasons the rates and terms are so good so just keep that in mind LightStream

also has a lot of auto loans to so if you’re looking for a new car you want to refinance and I check them out for that kind of stuff as well one thing

that helps me on LightStream ‘s website as they give you an excellent idea of the rates and terms

before you have to apply for a loan so basically if you wanted to get a debt consolidation loan with

them then you’ll be able to see kind of what

you’re going to be paying before you have to apply it’s just a ballpark rate but at least you can see what you can store Expect to pay based on your credit score now I did find out the rates with LightStream are going to be the best if you borrow over $10,000 and then you pay them back within 3 6 months but even if you choose to pay back the loan

over 3 6 months the rates are still some of the best in the entire industry, I’ll leave an affiliate link in the description below which means I may be compensated if you click through it but just keep in mind that lifestream loans have a ton of really good personal loans to choose from and I’m never going to recommend something that I don’t think is the best value for you guys and if you made it this far to the video can

you, please comment down below and just say I’m still here that way I can still see who’s watching the video Thanks, I’m next on my list as American Express personal

loans and they’ve got some excellent rates to choose from but you do have to have one of the credit cards to qualify for their loans the the rate started at about 7 %, and then you can borrow between

30 $540,000 which is a pretty good range but the really the cool thing about their loans is that you can pay them

back between 12 and 3 6 months which is fast so if you need a little bit of money

The terms but on the flip side if you want to get a loan that’s longer than 3 6 months then it’s generally not going to happen with American Express because

they don’t offer them they’ve got essential rate simulator on the website to which is always handy in the really the cool thing is that it’s straightforward to apply with

American Express because generally they already have all your information for being a cardmember and another cool thing is that they’ll actually link your loan to their main website so whenever you need to check anything from American Express

everything is always in one place, and that’s a really handy if you care they also have a savings account that pays more than 2 % which is good and then you don’t have to be a member to qualify for it overall I’d say that American Express personal loans are worth looking into if you’re a cardmember or you plan on being one last on my list of personal mortgages are called T D which stands for Toronto Dominion bank of Canada they’ve got rates from about 7 to 19% and then you can borrow between 2 000 and $50,000

which is a perfect ranch and then you can choose to pay them back between 12 and 60 months which But I’m quickly going to recap all of their main features

so just pay attention here Marcus has great rates and a lot of outstanding loans to choose from and then if your credit isn’t that good they also except for fair credit applications as well but just remember that the investment cost a lot more if your credit isn’t excellent and then LightStream loans are my favorite because they’ve got the best rates and they have the most loans to choose from, but you’ve got to have good credit if you’re going to go with them that was a bit any competitors rate by the 10th of a point so overall they are my number one choice if you’re looking for a personal loan for over $5000 and then American Express personal investments are the right choice if you’re already a cardmember with them because everything is more comfortable because they already have your information the

rates are competitive, and they have a lot of short loan options to choose from which is useful if you just want to get a little bit of money and pay it back over a short amount of time but if you wanna

have a lower monthly payment with American Express by extending the loan that’s not going to happen because

generally, the credits only go up to 3 6 months and then the reason the TD loans made my list is that They have a wide variety of loans to choose from and then

their payback terms are also white as well and then they also except fair credit applications as well so if your credits not very good and look into TD for a personal loan because you might actually get one with them and keep in mind if you do want to apply for a loan with them they’re not available in every single state so just be aware of that know my the last word of advice is to make sure that you apply

with a few different loan companies before you go with one specific company the rates can fluctuate a lot based on the company that you’re going with so definitely check a few different companies because at the end of the day you’re personal the loan rate is what’s going to cost you the most money when it comes to the interest, I applied with a few different companies before I went to lifestream because I I just wanted to see what they would offer me so that

I could make sure that I was getting the best value with whomever, I was going with at the end of the day you’ve got to choose as to who you want to go

with for a personal loan but hopefully, this article can help you make a better decision on who you want to go with once again, I’m Jason with all his finance, and I make a lot of articles on different topics that will give your life and your

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