Home improvement If you have costly home repairs that can no longer be ignored, or you’re planning a small remodel, you can use a personal loan for home improvement.
Emergency funds if you suddenly get hit with high medical or funeral bills that would eat up all your savings, you can get a personal loan for emergencies.
Most lenders offering $20,000 personal loans will offer repayment periods between three and five years.
A strong credit score. For an easy loan application process, you will want a credit score that is considered “good” (690-719).