Types of Personal Loans

Different Types Of Personal Loans

Most consumers who apply for a personal loan are taking out an unsecured loan. Unsecured personal loans are structured as a form of installment loan where equal monthly payments are made during a set repayment period to spread out the burden of paying off the debt. Unsecured personal loans are the most common form of personal loan. Unlike other forms of financing where your personal assets may be used to “back up” or secure the loan, unsecured personal loans rely on your creditworthiness to determine the outcome of your application.

When compared to secured personal loans, the application process for an unsecured loan is much simpler, and most importantly you do not run the risk of losing your assets or collateral.

Explore all the things a personal loan can do for you today at Acorn Finance.

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Complete application process on your selected lender’s website

Receive funding

After your loan is approved, your funds should arrive within 1-2 business days2

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Wisconsin

“The process couldn’t have been any easier. I filled out a short form that took me less than 2 minutes and within seconds I got multiple offers from lenders.”

Mike T.

Tennessee

“It was important to me that I could review my offers without any impact to my credit score, before deciding on the best loan option.”

Carol R.

Florida

“Your website was really easy to navigate. It was very clear and very simple to use. It was nice to be able to see all the different offers up front.”

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Virginia | Roofing

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“The first bank we applied with was disappointing. Your process is easier because of the soft credit inquiry, then you get offers, find the best one, and take it.”

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PERSONAL LOAN INFORMATION

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Types of Personal Loans

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Different Types Of Personal Loans

Most consumers who apply for a personal loan are taking out an unsecured loan. Unsecured personal loans are structured as a form of installment loan where equal monthly payments are made during a set repayment period to spread out the burden of paying off the debt. Unsecured personal loans are the most common form of personal loan. Unlike other forms of financing where your personal assets may be used to “back up” or secure the loan, unsecured personal loans rely on your creditworthiness to determine the outcome of your application.

When compared to secured personal loans, the application process for an unsecured loan is much simpler, and most importantly you do not run the risk of losing your assets or collateral.

Explore all the things a personal loan can do for you today at Acorn Finance.

Quick. Simple. Secure.

Pre-qualify

Fill out an easy online form to check for pre-qualified offers with no impact to your credit score

Select offer

Compare terms and payment options to select the offer that’s best for you

Finish application

Complete your application on your selected lender’s website

Receive funding

After your loan is approved, your funds should arrive within 1-2 business days2

Get Started

How It Works

Check offers
in seconds

Get pre-qualified for loan offers with an easy online form

Won't impact
credit scores

Checking offers will not impact your credit score

Competitive
payment options

Funding up to $100,000 and APRs as low as 6.99%1

Receive
funds quickly

Same-day and next-day available for certain offers2

“The first bank we applied with was disappointing. Your process is easier because of the soft credit inquiry, then you get offers, find the best one, and take it.”

Lisa R.

Illinois | HVAC

“I was pleasantly surprised how easy this process was. It couldn’t have been a better experience. Got just what I need for my home project and would do it again should the need arise.”

Drew D.

Virginia | Deck and Roofing

“Your website was really easy to navigate. It was very clear and very simple to use. It was nice to be able to see all the different offers up front.”

Sarah G.

Virginia | Roofing

“I like the easy online and 100% paperless experience of Acorn Finance. I received my money two days after completing my application.”

Bob S.

Wisconsin

“It was important to me that I could review my offers without any impact to my credit score, before deciding on the best loan option.”

Carol R.

Florida

“The process couldn’t have been any easier. I filled out a short form that took me less than 2 minutes and within seconds I got multiple offers from lenders.”

Mike T.

Tennessee

COMPARE RATES FROM TOP LENDERS

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