Personal loans for every situation

Need A Personal Loan? We Can Help With That

While a lot of people encounter a need for personal loans at some point, they aren’t always easy to get. Banks are less willing to lend them, for the reason that there isn’t much in the way of collateral. Think about it – if a mortgage loan or car loan is defaulted on, the property can be repossessed and sold to cover the bank’s loss. Personal loans, on the other hand, are only secured by the promise to repay. As a result, borrowers have to turn to other sources to fill the demand. When you need a personal loan you can turn to friends and family at times, which doesn’t always work out very well, or other types of lenders – such as online personal loan lenders.

Tailored To Your Needs

Personal Money Network can help you get the personal loans online that fit your individual needs. There are short term loans available for $100 to $1000, or if need be, larger loans with installment payment plans from $1,000 to $2,500 are also available. Borrowers may also be able to qualify for larger loans should they be necessary, with up to $25,000 available for qualifying borrowers, with interest rates as low as 6 percent available on larger loans.

The great thing about borrowing through Personal Money Network is that Personal Money Network is not a lender, but rather a service that gathers multiple lenders to offer you the best available loan for your needs.

The Costs

Any loan such as personal loans, payday loans or other short term loans, carry costs of some kind.


Some short term loans available from the network of lenders Personal Money Network partners with can carry high interest rates when expressed as annualized percentage rates or APR. Fees are assessed as a rate per $100 dollars lent, usually between $15 to $40 per $100 in loan principal; expressed as APR, this amounts to 547.5% to 999.45% based on a two-week repayment period. However, loans for larger amounts carry lower fee rates, lowering the effective APR. By comparison, a $46 reconnect fee from a utility company on a $100 bill amounts to 1,203% APR; a $32 returned check fee on a $100 bounced check amounts to 2,336%.

Credit Impact:

Loan lenders may or may not rely on credit scores obtained from the three main credit rating and reporting bureaus – Equifax, Transunion and Experian. A borrower’s chance of obtaining a loan from any loan partnering with Personal Money Network may not be affected by such scores. However, the decision to obtain such scores are solely the purview and privilege of the loan lender in question, as are said loan lender’s submission to such agencies the borrower’s request for the loan, payments, and prior history with that or other lenders.

Collection Practices:

Should a borrower default on a loan or loan payment, internal collection efforts will be made, typically by reaching out by phone, in order to establish a repayment plan that takes the borrower’s ability to repay into account. However, should these efforts fail, a third party may be brought in to collect the loan balance as the funds were lent in good faith.

Loans Available

A number of loan products are available from the lenders that partner with Personal Money Network. Payday loans, short term loans or cash advances are just a few of popular loan products available. Personal Money Network can also offer lenders to provide installment loans, personal loans and unsecured loans.

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* Number of days for repayment is determined by local law. See our Terms of Use & Disclaimer.


Short term loans, online payday loans and cash advances are short term loans that are meant to be repaid in a short amount of time. Typical loan terms for this class of loans, as well as small personal loans, is two weeks. Fees are typically $15 to $40 per $100 lent. Lenders are capable of wiring the funds straight to a borrower’s bank account via direct deposit, so there’s no need to wait for a check to come in the post.

However, should larger amounts and longer repayment terms be needed, those are available as well. Personal loans and installment loans with multiple payment plans over longer terms are available, with loan amounts of $1,000 to $2,500 being available for qualifying borrowers. A larger loan amount may result in a credit check, though bad credit scores won’t necessarily disqualify prospective borrowers. Borrowers should, however, only borrow what they can responsibly afford to repay.

Unsecured loans and personal loans in amounts larger than $2,500 are also available. Unsecured loans up to $25,000 can be borrowed through Personal Money Network’s access to peer-to-peer lending. Peer-to-peer lending has become more popular in recent years, as one borrows from individuals willing to lend to others. Credit ratings, however, become more intrinsically involved, as borrowers will likely want to scrutinize a potential borrower. However, the rates available may be much lower than APR for cash advances from some credit cards, and unlike credit card companies, you can pay off the loan instead of having to accrue interest on the advance while paying off the rest of your balance.

Safe and Secure

Personal Money Network fastidiously hews to industry standard levels of security, by employing stringent encryption as well as taking great care in the sharing of information. The security of your information is a top priority, and we only partner with lenders who share the same values. Since there are no upfront fees, you can walk away at any point in the loan process without any obligation until you agree to the loan.

If a personal loan online through Personal Money Network sounds like the loan for you, then why not get started right now? Apply Today!

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