How To Get A Personal Loan Word Count: 490 Summary: You have need of some money but are not sure the best way to go to get it. With so many different options, you know that there must be a good way to do it, but you aren't sure which one is best. Here are some of the options that are available to you to help you get the right personal loan. Payday Loan Probably the fastest way to get money is to get a payday loan. These are very easy to apply for and can get the money put into your checking account within 24 hours or les... Keywords: loans, personal, debt, secured, unsecured, online, compare, cheap, credit, application Article Body: You have need of some money but are not sure the best way to go to get it. With so many different options, you know that there must be a good way to do it, but you aren't sure which one is best. Here are some of the options that are available to you to help you get the right personal loan. Payday Loan Probably the fastest way to get money is to get a payday loan. These are very easy to apply for and can get the money put into your checking account within 24 hours or less. Some of them are very fast, if you need the money in a real hurry. These generally will make available up to $1,000, and some may even go higher than that. Typically, though, the interest is high - around 30%, and you need to pay it back within two weeks. There are options to double the time period, but you also will double the interest. Secured Loan This type of personal loan will provide you with the largest kind you can get. It can be used for any purpose that you want. Since it is secured, it means that you will need to offer some kind of collateral against the loan. This means either a car or a house, which are the most common. Putting security on a personal loan will also enable you, if your credit is good, to be able to get the best loan possible, as well as good terms for repayment. For the larger secured loan, in most cases, you are talking about getting a home equity loan. This is based on the equity on your home and will give you the best rates all around. If you are looking for a way to consolidate your debts, then this is the way you want to go. It will provide you with the best interest rates and will enable you to pay off your bills. Unsecured Loans There are a number of types of unsecured loans that are available. These range from larger personal loans for many thousands of dollars, to loans for business. A start-up business loan can supply your new business with about $75,000. A regular unsecured business loan could get you up to $250,000, and let you have five years to pay it back. When you go to start looking around for your personal loan, you have several ways to go. Above all, though, be sure to check around and get several offers for loans online before you sign any applications. There is a wide assortment of interest and penalties or fees that you may need to understand first. If you are getting a larger loan be sure that there are not any early payoff penalties. This is really unnecessary and you could save money on interest if you do pay it off early. There still may be, however, a minimum time that must pass before it can be paid off.