Personal Loan Basics | Rocket Loans

Personal Line Of Credit Vs. Personal Loan: Choosing The Right Option

Choosing between a personal line of credit versus a personal loan can be difficult. Uncover the biggest differences between a line of credit and a loan.

What Type Of Loan Do I Need?

Loans may seem very similar, but there’s a variety of loans available for your lending needs. Discover what type of loan is right for you.

What Is An Unsecured Loan And How Does It Work?

An unsecured personal loan is a type of financing that doesn’t require any collateral. See how different types of unsecured loans work and how you can get one.

What Is Usury Law?

Usury is the unethical monetary lending of loans that benefit the lender in an unfair way. Learn more about what usury means and the usury laws that exist.

Payday Loans Vs. Personal Loans: Which Is The Better Option?

Payday loans and personal loans can both offer fast cash for borrowers, but payday loans tend to be riskier. Learn how payday loans differ from personal loans.

What Is A Personal Line Of Credit, And How Does It Work?

A personal line of credit is a revolving amount of money you can draw from and repay as needed. Learn about the pros and cons of personal credit lines.

How To Apply For A Personal Loan: A Complete Guide

Thinking about applying for a personal loan but not sure how to get started? Uncover a complete guide on how to apply for a personal loan online or otherwise.

Mortgage Vs. Loan: The Difference Between A Mortgage And A Personal Loan

A mortgage and personal loan are used for different situations. Learn how a mortgage is different from a personal loan and when you would use one or the other.

Personal Loans For The Self-Employed: How To Apply

Personal loans for the self-employed can be hard to qualify for, but they’re not impossible to secure. Discover how to get a loan as a self-employed borrower.

How To Get Prequalified For A Personal Loan

When you become prequalified for a personal loan, a lender provides an estimate of your interest rate and loan terms. See how to prequalify for a personal loan.

How Much Can I Get From A Personal Loan?

If you’re considering a personal loan, it helps to know the maximum personal loan amount. See factors that determine how much you can get with a personal loan.

Long-Term Personal Loans: What You Should Know About Longer Repayment Terms

Long-term personal loans have longer repayment terms and lower payments. But are long-term personal loans for bad credit available? Find this answer and more.

Loan Default: What Happens When You Default On A Loan?

Loan default occurs when you fail to make monthly payments. See what happens when you default on a loan, and see the consequences and how to avoid loan default.

What Is A Promissory Note And How Does It Work?

A promissory note is a legal document stating that one party will pay the other the agreed upon amount of money by a set date. Read our guide to learn more.

What Is A Medical Expense Personal Loan?

Do you have any medical expenses that you can’t pay? It may be worth looking into getting a medical loan. Read our guide to weigh the option of getting a personal loan for medical expenses.

Applying For A Personal Loan Online Vs. In Person: Which Is Better?

Can't decide between applying for a loan online or in person? Read about the pros and cons of each and see which one could benefit you more.

What Is An Installment Loan?

Installment loans are repaid over time using scheduled and fixed monthly payments. Learn more about what an installment loan is and if it would work for you.

Home Equity Loan Vs. Personal Loan: Which Is Better For You?

A home equity loan and personal loan can both be good for various needs. Learn the differences between these types of loans and decide which is better for you.

Related Resources

Personal Line Of Credit Vs. Personal Loan: Choosing The Right Option

What Type Of Loan Do I Need?

What Is An Unsecured Loan And How Does It Work?

What Is Usury Law?

Payday Loans Vs. Personal Loans: Which Is The Better Option?

What Is A Personal Line Of Credit, And How Does It Work?

How To Apply For A Personal Loan: A Complete Guide

Mortgage Vs. Loan: The Difference Between A Mortgage And A Personal Loan

Personal Loans For The Self-Employed: How To Apply

How To Get Prequalified For A Personal Loan

How Much Can I Get From A Personal Loan?

Long-Term Personal Loans: What You Should Know About Longer Repayment Terms

Loan Default: What Happens When You Default On A Loan?

What Is A Promissory Note And How Does It Work?

What Is A Medical Expense Personal Loan?

Applying For A Personal Loan Online Vs. In Person: Which Is Better?

What Is An Installment Loan?

Home Equity Loan Vs. Personal Loan: Which Is Better For You?