Personal Loan Basics

Personal loans can be used to consolidate debt or pay for home improvements. Are personal loans bad? No. In fact, they can boost credit and help the budget.

Is a personal loan better than credit card debt? Learn when to use a personal loan vs. a credit card and how each offers unique benefits that you can utilize.

Your debt-to-income ratio tells lenders how much debt you have in relation to your monthly income. Learn about the ideal number that lenders like to see.

Obtaining a personal loan can help you in more ways than just lending you cash. What are the benefits of obtaining a personal loan? Find out!

Every loan type includes lender fees and other charges associated with the underwriting process. Use Rocket Loans’ guide to loan origination fees and charges to understand all the costs tied to the money you borrow.

Thinking about applying for a personal loan but not sure how to get started? Use Rocket Loans’ guide explaining the personal loan process steps and apply today.