Find the Best Personal Loans in Las Vegas, NV

How to choose a personal loan company in Las Vegas

Borrowers use personal loans in Las Vegas to lower credit card balances, pay medical bills, remodel a home, finance a move, get married or take a vacation. They’re popular because the interest rates are generally lower than on credit cards, and you can pay the loan back over an extended period.

There are different types of personal loans in Las Vegas:

• Unsecured loans do not require the borrower to put up collateral but carry higher rates than a secured loan.
• Secured loans require the borrower to collateralize the loan with an asset, like a car; interest rates are typically lower.
• Personal lines of credit lend the borrower cash on an as-needed basis.
• Co-sign loans have the guarantee of another borrower who is responsible for repaying the loan if the borrower defaults.
• Debt consolidation loans combine multiple loans into a single monthly payment at a lower interest rate.

If you’re looking for a personal loan in Las Vegas, you’ll find no shortage of places to apply. Online lenders, banks and credit unions are all competing for borrowers.

Each type of lender will look at your credit score to determine whether to lend to you, how much to offer and what interest rate to charge. Check your credit report before applying to make sure it doesn’t have errors that can adversely affect your qualifications.

Once you’re ready to apply, have these items handy:

• Government-issued ID
• Social Security number
• Proof of income (e.g., pay stub)
• Proof of address (e.g., utility bill)

Compare offers from different lenders before making a decision. Make sure you review all costs associated with the loan — not just interest, but also charges like an application fee, origination fee or prepayment penalty. After you sign for the loan, your funds will be ready for use as soon as the same day.