There are a lot of types of the personal cash loans in the US

Nowadays, there are many reasons to apply for the personal cash loans. You have to buy the necessary items in the family or pay monthly bills but you will not have the money until your next paycheck. How to get short-term loans in Australia, however, please have a look at this article below in order to find the answer. 

Personal cash loans
Personal cash loans

Are you looking for personal loans in the US but you do not know you have a bad or good credit score? Do not worry too much because there are a lot of loans in the US. You can get information from the articles: personal loans for bad creditpayday loans bad credit, online loans for bad credit, payday loans bad credit


In this our post, readers/people can get more and more information about the loans being suit people to have bad credit. This post includes the four-part: “What type of the loans does suit people have bad credit?”, “Where can I get the bad credit loans?”, “The interest rate on the loans for me?” and “The advantages and disadvantages of the loans with a bad credit score.”

1. How many types of the personal cash loans in the US?

1.1. Get the personal loan from national banks

The banking system in the USA, Australia…always touting their personal loan programs such as quick loans, small loans, instant loans. There is also some great online banking system offering nationwide service and access to variety loans with a lot of advantages such as easy and fast application.

The advantages:

  • The banks give you a lot of options
  • The banks are set up for convenient features when customers get loans online as well as online bill pay;
  • The banks have 24/7 customer services to assist people.

The disadvantages:

  • The customers might talk to the inexperienced bank agent;
  • If people have poor or bad credit, they sometimes find it harder and cannot get personal cash loans in the banks.

1.2. Get a loan from credit unions

The credit institutions are more and more popular, they alternative to the national banking systems. The credit institutions usually have headquartered within the community which they serve. By this way, these lenders can easy to support local businesses and get a lot of small-business benefits.

With a simple and secure application process from any device, first-time customers can have $500 – $2,600 cash in their pocket as soon as the next business day.

The advantages:
  • These lenders have lower rates than banks.
  • The degree of flexibility when making loans.
  • Easy compare custom personal loan rates
  • All without affecting the credit score.
  • The huge plus is the location
  • Shop smarter with personalized loan rates

The disadvantages:

  • There might be limits to products and services offered by the smaller credit institutions.

1.3. Get a loan from online fast-money lenders

Everyone can get loans fast from online lenders.

The advantages:

  • It’s very fast, easy,
  • Everyone needs to put in their information and wait for approval.
  • The online lenders are set up to work with poor or bad credit.

The disadvantages:

  • This loan maybe charge insane interest rates.
  • Everyone could find paying 400.00% APR or more.

1.4. Peer-to-peer (P2P) loans

The advantages:

  • These loans are reasonable and are attractive to different borrowers.
  • The terms of these loans usually range from three to five years
  • You can pay off quickly and painlessly.

The disadvantages:

  • They still have a credit underwriting system.
  • These loans have the high-interest rate.

1.5. Retirement plans

The advantages:

  • It’s the money and when people pay it back (within five years), people pay back interest to themselves.
  • The lenders are set up to work with bad credit.
  • The interest rates of these loans are competitive;

The disadvantages:

  • It’s the retirement so people won’t benefit from compound growth.

1.6. Cash advances

The advantages:

  • This is an efficient method to get cash.

The disadvantages:

  • The interest rate is higher than the purchase rate.
  • You might be charged an additional fee.

1.7. Private businesses

The advantages:

  • You’re already purchasing from them and get the loan on site.
  • These lenders may also offer discounts on your price or no interest for extended periods of time if you qualify.

The disadvantages when getting privates businesses:

  • You might be able to get a better deal elsewhere.
  • The person you’re dealing with is most likely not a loan expert, but a salesperson.

Personal cash loans

2. What type of the personal cash loans have the low-interest rate?

Below is a list of lenders and their interest rates


7.73% – 29.99% $1,000 – $50,000

6.28% – 15.62%1 $5,000 – $100,000
UpGrade 6.87% – 35.97%* $1,000 – $50,000
Payoff 8.00% – 25.00% $5,000 – $35,000
Freedom Plus 4.99% – 29.99% $10,000 – $35,000
Citizens Bank 5.99% – 18.99%2 $5,000 – $50,000
Lending Point 15.49% – 34.49% $2,000 – $25,000
Lending Club 5.99% – 35.89% $1,000 – $40,000
Earnest 5.49% – 18.24% $5,000 – $75,000
Avant 9.95% – 35.99% $2,000 – $35,000

Because of the development of the economy in the US, the financial services are growing with vary of loans such as home loans, car loans, personal loans… It is very easy to get the low-interest personal loans. If you are interested in this loan, you can click on the link low-interest personal loans.

The best loans for bad credit which were provided by the credit unions or any institutions have been born. In many previous articles, the readers are understood total personal loans such as Low-interest personal loans, Unsecured personal loans bad credit, Payday loans bad credit…

Hillary (Team Content) – Info Credit Free