Debt consolidation
Some borrowers use personal loans to combine qualifying debts into a single installment payment.
PERSONAL LOAN OPTIONS
Explore a personal loan option that fits your needs.
Whether you're planning a project, managing an unexpected expense, or looking to consolidate qualifying debt, LumoLoans gives you a simple online starting point for exploring available personal loan options.
A request does not guarantee approval, an offer, or specific loan terms.
PERSONAL LOANOPTIONS
Loan amountVaries
APRVaries
RepaymentVaries
EligibilityProvider criteria
Actual amounts, rates, fees and terms depend on the applicable provider and individual circumstances.
Important: LumoLoans does not guarantee that you will receive a loan offer. If an offer is available, carefully review its APR, fees, repayment schedule, total cost, and other terms before accepting it.
COMMON USES
Personal loans can cover many qualifying needs.
The permitted use of loan proceeds can vary by provider. Common personal-loan purposes may include:
Home projects
Depending on the provider, funds may be used for eligible repairs, improvements, or renovations.
Vehicle expenses
Personal loans may help with qualifying repairs or other transportation-related expenses.
Medical costs
Available options may be used for eligible healthcare or medical expenses.
Unexpected expenses
A personal loan may be considered for certain unexpected personal expenses.
Other personal needs
Explore whether an available option may be suitable for another qualifying personal need.
HOW PERSONAL LOANS WORK
Understand the cost before you borrow.
A personal loan generally involves receiving a fixed amount and repaying it over an agreed period, usually through scheduled payments. The exact structure depends on the provider and the offer you receive.
APRThe annual percentage rate reflects the cost of borrowing and can include applicable fees.
TermThe repayment period determines how long you make scheduled payments.
Total costLook beyond the payment amount and understand the total amount you will repay.
BEFORE ACCEPTING
Compare the complete offer.
- APR and interest rate
- Origination or other applicable fees
- Loan amount and net proceeds
- Monthly payment
- Repayment term
- Total amount to be repaid
- Late-payment or other applicable charges
ELIGIBILITY
What may be considered?
Eligibility requirements vary. Information that may be considered can include:
Identity & contact
Basic personal and contact details may be required.
Income & employment
Income and employment information may be used to assess eligibility.
Financial profile
Applicable financial and credit-related criteria can vary by provider.
State requirements
Availability and requirements may differ based on where you live.
PERSONAL LOAN QUESTIONS
Before you start.
Knowing what to expect can make the process easier.
See all FAQs →Will I definitely be approved?+
No. Approval is not guaranteed and depends on applicable provider requirements and individual circumstances.
Are rates the same for everyone?+
No. Rates and other terms may vary based on the provider, eligibility criteria, and individual circumstances.
Should I compare the APR or monthly payment?+
Consider both, but also review the repayment term, fees, and total amount you will repay.
Do I have to accept an offer?+
No. If you receive an offer, review its terms and decide whether it meets your needs before accepting it.
START ONLINE
Ready to explore your options?
Begin with a few basic questions. It only takes a few steps to get started.