Metro Bank, a UK-based retail and commercial bank, has agreed to sell a £584m ($739.5m) unsecured personal loan portfolio. This move aligns with the bank's plan to reposition its balance sheet ...

A personal loan can be used for pretty much any significant purchase, as personal loans usually range from £1,000 to £25,000, and sometimes can go up to £50,000.

Secured and unsecured personal loans differ in terms of risk and cost to both the borrower and the lender. A secured loan, such as a home loan or car loan, is backed by collateral. An unsecured ...

While secured personal loans can be easier to qualify for, unsecured loans don’t require collateral. However, unsecured loans also typically have higher interest rates.

Find the top unsecured personal loans of May 2025 with competitive interest rates and flexible repayment terms. Compare lenders and choose the best option for you.

Best Egg is a lender that offers competitive APRs as well as loan amounts up to $50,000. You may be able to qualify for a loan through Best Egg if you have a FICO score of at least 600, allowing ...

Many personal loans are unsecured, meaning you don't have to put up any assets to secure the loan if you prefer not to. Quick access to funds. Personal loans can often be approved and funded ...

Personal loans can be secured by putting down a valuable asset as collateral. ... an unsecured personal loan may be the way to go because it gives you flexibility in how you can use it.

Nearly 23 million Americans have unsecured personal loans, with an average balance of about $11,500.; Today, the average interest rate on a personal loan is 11.48%, up from 9.38% in 2021. The ...

Common examples of such loans include student loans and personal loans. In comparison to secured loans, the risk involved in granting an unsecured loan to a borrower is much greater for a lender.