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Money When You Need It
Simplify what’s weighing you down. Consolidate debt, cover unexpected expenses, or finance your next step. Personal loans provide flexible funding with fixed payments and clear terms you can count on.
Personal Loan Rates
Rates that help spark what’s next. From vehicles and homes to savings and certificates, explore our current featured rates.
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Map Out Your Monthly Payment
See how your loan could fit into your budget, and how small changes could save you more over time. Estimate monthly payments, compare payoff options, and map out a smarter path forward.
What are the benefits of a personal loan?
Personal loans can give you quick access to funds for your one-time financing needs. We consider your credit score, debt-to-income ratio, credit history, and other factors when making approval decisions.
Embers personal loans are built to keep borrowing simple. No origination fees, prepayment penalties, or unnecessary roadblocks. Pay it off on your terms, whether that means sticking to your schedule or paying ahead whenever it works for you.
With a personal loan, there’s no need to tie your home or vehicle to secure your financing. No collateral, appraisals, or inspections are required.
Common Personal Loan Questions
Get the answers you need to borrow with confidence. Explore common personal loan questions, from rates and terms to applications and repayment options.
What is a personal loan?
A personal loan is a lump sum of money you borrow and repay over time through fixed monthly payments, typically with a set interest rate and term. It can be used for things like consolidating debt, covering unexpected expenses, or funding major purchases, giving you flexible financing with predictable repayment.
Can you refinance a personal loan?
Yes, personal loans can often be refinanced if you qualify for a new loan with better terms. Refinancing may help you secure a lower interest rate, reduce your monthly payment, adjust your repayment term, or consolidate additional debt. It’s a smart option to explore if your financial situation or credit profile has improved since you originally borrowed.
How to get a personal loan with bad credit?
If you have bad credit, getting a personal loan with bad credit may still be possible depending on your overall financial picture. We often consider factors like income, credit history, and ability to repay, not just your credit score. Adding a qualified co-signer may also improve your chances of approval.
What do I need to apply for a personal loan?
To apply for an Embers personal loan, you’ll need your Social Security number (SSN), home address, and employment information. Applying with a qualified co-borrower may strengthen your application, as both income and credit history are considered, if needed. Once submitted, Embers will request a full credit report, which may affect your credit score.
Do personal loans hurt your credit?
Applying for a personal loan may cause a temporary dip in your credit score due to a hard credit inquiry. Over time, consistent on-time payments may help strengthen your credit profile. Keep in mind that taking on multiple loans can increase your debt-to-income ratio (DTI), which may affect future borrowing opportunities.
How to take out a personal loan?
To take out a personal loan, you’ll start by applying with Embers or another lender by providing personal, employment, and financial information. After reviewing your credit, income, and overall financial picture, eligibility, loan amount, and terms are determined. Once approved, funds may be deposited directly into your account or used to pay off existing debts if you’re consolidating.
Move Forward with Embers
Whether you’re consolidating debt, covering unexpected expenses, or funding what’s next, a personal loan can help you move your financial goals forward with confidence.
Move Forward with Embers
Whether you’re consolidating debt, covering unexpected expenses, or funding what’s next, a personal loan can help you move your financial goals forward with confidence.