Personal Loans
Discover a personal loan tailored to your needs
Get Your Loan Directly
In your bank account
Whether it's a planned expense or an unexpected bill, a personal loan can help you move forward. Fill out a quick form and get matched with a lender—funds could arrive as early as the next business day.
It is free to check – It won't impact your credit score
Get Your Loan Directly
In your bank account
Ways to use a personal loan
THE PROCESS
Three easy steps. Zero hassle.
Complete your form
Answer a few quick questions through our secure online form—it only takes a couple of minutes.
Compare lender offers
We work with lenders who evaluate all credit profiles, from new borrowers to seasoned ones.
Get your money
Pick the offer that works for you and receive funds directly into your account, often within one business day.
WHY LENDING BUDDIES?
A straightforward path to the funds you need, backed by reliable lenders
Quick access to funds
After approval from one of our lending partners, your money could land in your account within 24 hours—giving you the speed you need in critical moments.
Your data stays protected
Every step of the process uses advanced encryption to keep your personal and financial information safe. Everything happens online—no paperwork required.
A platform people rely on
Lending Buddies has earned the trust of thousands by delivering a fast, transparent, and dependable lending experience every time.
Compare rates before you borrow
| Loan Amount | $1,000 | $2,000 | $5,000 | $10,000 |
|---|---|---|---|---|
| Interest Rate (APR) | 24% | 19% | 13% | 8% |
| Loan Term | 12 Months | 24 Months | 48 Months | 60 Months |
| Other Fees/Costs (%) | 5% | 5% | 5% | 5% |
| Other Fees/Costs ($) | $50 | $100 | $250 | $500 |
| Monthly Payments | $99.29 | $105.86 | $140.84 | $212.90 |
| Number of Payments | 12 | 24 | 48 | 60 |
| Total Payments | $1,191.48 | $2,540.64 | $6,760.32 | $12,774.00 |
APR Ranges From 5.99% up to 35.99% For Qualified Customers · 91 Day Minimum up to 72 Month Maximum Repayment Period. Rates shown are for illustration only; your actual offer depends on the lender and your profile.
Personal loan questions answered
Get clarity on the most frequently asked questions. Need more help? Reach out to us.
Does checking my rate hurt my credit?
What expenses can a personal loan cover?
Is it possible to qualify with a low credit score?
When will I receive the money?
What Is a Personal Loan and How Does It Work?
A personal loan is an unsecured installment loan that gives you a lump sum of money upfront, which you repay in fixed monthly payments over a set term—typically between 12 and 60 months. Unlike a credit card, you receive the full amount at once and always know exactly what you owe and when. Because personal loans are unsecured, no collateral like a car or home is required to qualify.
At Lending Buddies, we don't lend money directly. Instead, we operate as a matching service, connecting borrowers with a curated network of licensed lending partners. This means you submit one form and receive offers from multiple lenders simultaneously—saving you time and helping you compare rates without multiple hard credit inquiries on your report.
Who Qualifies for a Personal Loan?
Most U.S. residents aged 18 or older with a valid bank account and a verifiable source of income can apply. Lenders in our network weigh several factors beyond just your credit score: your debt-to-income ratio, employment history, and monthly income all play a role. This means borrowers with fair or limited credit histories often find viable options through our platform that they wouldn't discover at a traditional bank.
Common income sources accepted by our lenders include full-time and part-time employment, self-employment, Social Security, disability benefits, and retirement income. If you have a steady, documentable income stream, there's a good chance a lender in our network can work with you.
Personal Loans vs. Other Borrowing Options
| Feature | Personal Loan | Credit Card | Home Equity Loan |
|---|---|---|---|
| Collateral required | No | No | Yes (your home) |
| Fixed monthly payment | Yes | No | Yes |
| Typical APR range | 5.99%–35.99% | 16%–30%+ | 5%–15% |
| Funding speed | 1–3 business days | Immediate (existing card) | 2–6 weeks |
| Credit check type | Soft (at Lending Buddies) | Hard | Hard |
Tips for Getting the Best Personal Loan Rate
- ✓ Check your credit report first. Errors on your report can lower your score unnecessarily. Dispute inaccuracies before applying to maximize your rate eligibility.
- ✓ Borrow only what you need. Larger loan amounts mean larger monthly payments. Matching the loan amount to your actual need keeps your debt-to-income ratio healthy.
- ✓ Compare multiple offers. Through Lending Buddies, you'll see options from several lenders at once—look beyond the interest rate and consider origination fees, prepayment penalties, and repayment flexibility.
- ✓ Choose a shorter term if possible. Shorter repayment periods typically come with lower interest rates, reducing the total cost of the loan even if monthly payments are slightly higher.
Ready to take the next step?
Fill out a short request form and see personalized loan options designed around your situation.