At AmOne, our goal is to make obtaining a personal loan as simple and easy as possible for everyone. Personal loans, also known as consumer loans, include secured loans, unsecured loans, and lines of credit.
Unsecured personal loans require no collateral and are typically a signature loan (this means that your signature or promise to repay guarantees the loan), a line of credit (which is any credit source), or a credit card; examples of secured loans can include car loans, auto title loans, home equity lines of credit, or mortgage loans.
Unsecured personal loans can typically be used for any legal purpose. In addition, they will typically have a fixed interest rate. This can be of tremendous benefit over the variable interest rates sometimes associated with home loans and equity lines.
Because the loan is not tied to any asset, the interest rates offered will be tied very closely to your credit rating and your ability to repay the loan. Depending on the purpose of the loan, there are currently rates as low as 1.9 percent for borrowers with super prime credit, high income, and who have shown the ability to save and manage their finances well over time.
Interest rates can go up significantly from there if the borrower has negative marks on their credit, especially recent ones, and if they don’t have stability in terms of long term employment or their housing situation.
The reason interest rates can vary so dramatically is that banks need to account for the risk of lending money to any group of borrowers that may have a higher rate of default. Defaulting on the loan means that the lender not only does not earn the interest on the loan but the borrower does not even repay the principle (the original loan proceeds). If the lender does not charge a high enough interest rate to account for the expected default rate, then the lender will lose money and eventually go out of business.
We understand that problem with lending today is that there are so many lenders with so many different rules and regulations it's tough to know who is lending and who isn't. It's also hard to know for sure which provider is secure and reputable and which might be a scam.
To make things even more difficult, the best personal loan option for you may be in your local neighborhood or it may be with a national company you've never heard of. What AmOne does better than anyone else is to connect the highest-rated lenders with consumers that have a need for their personal loan product, but just don't have the time or knowledge to find them.
For over a decade we've compiled information from many different sources on the best personal loan options that exist at any point in time. We make this valuable knowledge available to you at no cost with the goal of greatly improving your chances of borrowing success. You'll have access to expert knowledge and have several advantages using our free service.
- Loans from $1,000 — $100,000.
- No collateral required.
- Minimal documentation.
- Cash available for any use.
- Funds can be deposited into your account.
- No pre-payment penalty in most instances.
- All situations considered.
- Available in all 50 states.
- No more shopping around.
- Complete privacy and security.
- Secure and trusted providers.
Rates and Terms
- 12 to 60 months.
- Rates starting at 6.78 percent.
- Line of credit also available.
If you're ready to become another AmOne success story, fill out our simple unsecured personal loan form. From there we will instantly match you with the highest rated personal loan lenders available.
You can also call us toll free at 1-800-781-5187
to speak with one of our knowledgeable and experienced financial search specialists. We're available to help Monday through Friday from 9:00 AM to 9:00 PM and on Saturday from 10:00 AM to 5:00 PM (Eastern Time). Our service is always free
and you are never under any obligation.
Find the secured or unsecured personal loan you need at the best rates and terms regardless of your credit situation.
Learn more about why these loans are lower risk for a consumer.
See how loans can be made without having to go through a financial institution.
A secured or conventional loan is usually riskier to have, but comes with a lower interest rate.
Learn why these types of loans should only be used in the event of an emergency.