If you’re a homeowner, a secured personal loan may be your best borrowing solution. You can access more money (up to $50,000), than an unsecured personal loan (a maximum of $25,000). A larger loan could be ideal if you’re consolidating high credit card or loan balances. Plus, secured loans offer lower interest rates and lower loan payments.
If you’re not a homeowner, or want the flexibility of paying off your loan at any time, an unsecured loan is the right option for you. You can borrow up to $25,000 with an unsecured loan, and will still benefit from affordable payments that fit your budget.