Angelica Leicht is a personal finance editor focused on distilling complex financial topics into smart, relatable insights. With nearly two decades of experience in digital journalism, Angelica has covered everything from interest rate fluctuations and ...

A secured personal loan may be a good option if you don't have great credit but want a competitive interest rate. These are the best options today.

Personal loans and home equity loans are popular ways to fund home improvement projects, debt consolidation and other large fixed expenses. Generally, home equity loans are larger and come with lower interest rates and monthly costs than a personal loan.

Rates on personal loans declined last week, giving qualified borrowers a chance to secure a decent interest rate and finance a project, purchase or even unexpected bills. For borrowers with a credit score of at least 720 who prequalified on Credible.

When it comes to personal loan terms, the shorter your loan term, the more you'll save on interest and the faster you'll free up space in your budget.

Secured personal loans can be easier to qualify for, but you risk your collateral if you miss payments