Find Unsecured Loans with No Collateral

Unsecured loans don’t require you to put up your property as collateral. Compare rates, find the best unsecured loan for your situation, and get approved.

Always free and will not impact your credit score.

What Is an Unsecured Loan?

Oval icon An unsecured loan is money you borrow without putting up collateral, such as your home or car, to secure the loan.
Oval icon Unsecured loans are repaid over 2-7 years, which is a shorter period than a mortgage or even some car loans.
Oval icon When a lender offers you an unsecured loan, you are being entrusted with paying it back based on your credit history and income stream.
Oval icon While some unsecured loans require good credit, there are some lenders that will offer loans to borrowers with fair or bad credit.
Oval icon Online lenders, banks, and credit unions offer unsecured loans.
Oval icon Unsecured loans are often in the $5,000 to $50,000 range, though some might go higher.

How Do Unsecured Loans Work?

Here’s what it takes to get an unsecured personal loan.

one icon
Apply for an unsecured loan
Applying includes a credit check, a determination of your credit score, income verification, and answering questions designed to determine your creditworthiness.
Two icon
Tailor your loan
Some lenders offer the option of changing your payment due date. Ask about automatic payments, which might save you a bit in interest.
Make payments on your loan
Making your payments on time should help boost your credit if you’re not late on other debt payments.
Instantly Matched

Instantly Matched to Appropriate Solutions

Tell us your situation and we will match you instantly to financial solutions that are right for your needs.

Highly Rated

Highly Rated Providers Identified & Offered

We offer only the highest-rated providers for your loan needs. Get in touch today to learn what solutions are available for your unique situation.

Instantly Matched

Always Safe, Secure & Confidential

Your information is kept secure and confidential, not shared with third parties, and kept on a safe server.

Support Female

U.S. Based Live Support

Get live support when you need it from our assistance centers based right here in the United States.

Find Unsecured Loans with No Collateral

Debt Consolidation
Debt Consolidation
Pay off your creditors, consolidate those debts into one lower monthly payment, and improve your financial life.
Pay Off Credit Card Debt
Pay Off Credit Card Debt
Pay off high-interest credit card debt and manage your finances better with one payment.
Household Expense
Emergency Expenses
When an emergency arises and you don’t have enough money to cover it, an unsecured loan can give you the cash you need in a pinch.
Debt Consolidation
Home Improvement
If you don’t want to refinance or take out a second mortgage, an unsecured loan could be the answer to your home improvement needs.
Pay Off Credit Card Debt
Make a Large Purchase
Shop for the best interest rates and get a loan with a payoff timeframe that works best for you.
Household Expense
Bad Credit
Find a lender that will work with your credit issues and build your credit as you make on-time and in-full payments over the loan term.

How Can I Get a Personal Loan?

Getting a personal loan is relatively straightforward, especially when there is no collateral involved. Here’s how.

1. Check your credit

Get your credit report and credit score through one of the free online services available. The higher your credit, the more loan options you have available.

2. Decide how much to borrow

Ask to borrow enough money for what you need, but don’t borrow more than that.

3. Collect your documents

You’ll need pay stubs, identification, and proof of on-time payments. Get your documents together so that when you apply for your loan, you have what you need at your fingertips.

4. Shop around

Check with a few lenders to see what interest rate you qualify for. Getting prequalified is easy and will give you a good idea of the type of loan you can get.

5. Complete the application

When you choose your loan, complete the application and upload the required documents. Stay in contact with your lender to ensure a quick and smooth process.

Shop for the best interest rates and get a loan with a payoff timeframe that works best for you.

Frequently Asked Questions

Get answers to some of the most common questions we get asked.

What can you use an unsecured personal loan for?

Unsecured loans can be used for a wide variety of things. Here are some of the most common uses.

Debt consolidation: Consolidate high-interest credit cards into one monthly payment.

Medical expenses: Get the collection agencies off your back with a loan that allows for easy monthly payments.

Major life events: Life events like a wedding or a family emergency can be a big expense, and an unsecured loan can help spare you the financial worry.

Home improvement: Getting a new roof or replacing worn out appliances costs thousands of dollars. An unsecured loan can provide you with the cash you need to make your home more comfortable or safer.

Emergencies: Do you have enough money in savings to cover a sudden expense? An unsecured loan can help you breathe easier when an emergency hits.

Treat yourself: Sometimes it’s hard to save up the money to make dreams happen, but a loan can provide you with the opportunity to make your dreams come true.

What kinds of unsecured loans are there?

There are four common types of unsecured loans.

1. A simple, unsecured loan through obtained through a bank, credit union, or online lender. These are offered with no request for collateral and are used for things like emergencies, home improvement, or travel.

2. A student loan for postsecondary education. Both federal student loans and private student loans are unsecured. Though these are unsecured loans, your tax refunds are subject to seizure if you default.

3. An unsecured line of credit, which works much like a loan, but allows you to take out money as needed instead of in one lump sum. Most lines of credit are secured, such as through a home equity loan, but it’s possible to find unsecured options.

4. A credit card. Most credit cards don’t require collateral. Instead, they rely on your credit history and creditworthiness to determine how much you can borrow.

Can I get an unsecured loan with poor credit?

You might be able to get an unsecured loan with bad credit, but the worse your credit is, the higher your interest rate might be. This is because the lender is taking on more risk by giving you a loan. Regular, on-time payments can boost your credit quickly.

What are the advantages of unsecured loans?

Unsecured loans are often faster to get, as you don’t have to go through an appraisal of your collateral. They can also provide more peace of mind as they are not tied to your personal property.

What are some disadvantages of unsecured loans?

In some cases, you can’t get a loan for less than $5,000, so if you only need $2,000, you might be taking out more than you need. Paying it back early could also be an issue because some lenders have a prepayment penalty. And since there is no collateral required, you might pay a higher interest rate than you would with a secured loan.

How much money can I get for an unsecured loan?

Most unsecured loans range from $5,000 to $50,000, but there are some lenders that can go up to $100,000.

Is it better to get a secured or unsecured loan?

That depends on your financial situation. If you need a higher amount or have poor credit, a secured loan might be your best bet. But for many people, an unsecured loan is the way to go for peace of mind.

Can I use an unsecured loan for anything I want?

That depends on the lender. All lenders prohibit you from using the funds for anything illegal, but others may prohibit the use of funds for other things, such as postsecondary education. Check with your lender to understand the restrictions.

How soon can I get the money from the loan?

That depends on the lender. Some can give you the money during the same business day or a day or two after your application is approved. Others might take a few weeks, especially if there are any questions about your income or credit history.

Can I pay off an unsecured loan early?

In most cases, yes. But in some cases, you might face a prepayment penalty if you pay off your loan well before the final payment is due. That’s because the lender wants the interest they were promised when you took out the loan. Check to see if there is a prepayment penalty before you sign the paperwork.