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As a result, they may be able to offer lower interest rates on personal loans than banks or other for-profit lenders. This means that people with less-than-perfect credit or those who do not own a home or car may still be able to qualify for an online loan.
Here are a few:. These loans often have much higher interest rates and fees than online loans or traditional loans, which can make them difficult to repay. When you apply for a personal loan at a credit union, you may be able to work with a loan officer who will take the wa time to understand your specific financial situation and help you find the right loan product.