Personal Term Loan
Access up to $45k in as little as 1–5 days. Use it to fund your business, consolidate debt, or raise your credit score to qualify for larger programs.
Apply for Personal LoanWhat is a Personal Term Loan?
A personal term loan is an unsecured installment loan made in your personal name, with fixed monthly payments over 24–72 months. Unlike business loans, approval is based primarily on your personal credit score and income — making it one of the fastest, most accessible funding options available.
Many of our clients use personal term loans strategically: to pay down high-interest credit card balances, raise their credit score, and then qualify for larger 0% promotional credit lines or business-specific programs. It's a powerful stepping stone in any business funding journey.
Pros
- No business history required
- Funded in as little as 1–5 days
- Fixed monthly payments
- Competitive rates starting at 8.99%
- No collateral required
- Can be used to improve credit profile
Cons
- Loan in personal name, not business
- Maximum $45k (lower than business loans)
- Rates up to 29.99% for lower scores
- Does not build business credit directly
- Personal income verification required
Who Should Consider a Personal Term Loan?
This product is ideal for entrepreneurs who need fast capital but don't yet have an established business credit profile. Common use cases include:
- Paying off high-interest debt
- Funding a new business launch
- Covering early operating expenses
- Building toward 0% credit qualification
- Emergency cash flow support
- Consolidating multiple obligations
Eligibility Requirements
Credit Score 640+
Personal credit is the primary approval factor
$5k – $45k Available
Based on income and creditworthiness
1 – 5 Day Funding
One of the fastest personal loan options available
No Collateral Needed
Fully unsecured — no assets at risk
Rates & Terms Breakdown
| Feature | Details |
|---|---|
| Loan Amount | $5,000 – $45,000 |
| Interest Rate | 8.99% – 29.99% (fixed) |
| Repayment Term | 24 – 72 months |
| Approval Time | 1 – 5 business days |
| Collateral | None required |
| Personal Guarantee | In your personal name |
| Prepayment Penalty | None on most lenders |
| Best For | Debt payoff, startup funding, credit building |
Is a Personal Term Loan Right for You?
If you need quick access to capital and have a solid personal credit score, a personal term loan is an excellent bridge to larger business funding. Use it strategically and it becomes a launching pad — not just a loan.
Ready to Get Started?
Apply in minutes and see your personal loan options with no hard credit pull.