Personal Loan
When a personal loan beats an auto refi
If your auto rate is already strong, refinancing your car probably won't move the needle. A personal loan is usually the better lever when the goal is paying down higher-interest debt or freeing up cash.
A personal loan may make sense if…
- •You're carrying credit card balances at 20%+ APR you'd like to consolidate.
- •You need a lump sum for a planned expense and want a fixed payoff schedule.
- •Your credit profile is strong — borrowers in the top tiers typically qualify for the best personal-loan rates available.
Personal loans are unsecured, so rates run higher than auto loans for the same borrower. The tradeoff is that you can use the funds for almost anything — and for someone replacing high-interest credit card debt, the math usually works out strongly in your favor.
Personal loan prequalification — coming soon
We're building a prequalification flow that matches you with personal-loan lenders using a soft credit pull. In the meantime, the guides below walk through what to look for before you apply.