Who gives personal loans?

@cornelius.fay 

There are various types of lenders who provide personal loans. Some common sources include:

1. Banks: Traditional banks, such as Chase, Wells Fargo, or Bank of America, offer personal loans to their customers.
2. Credit unions: These are member-owned financial institutions that often offer competitive rates and flexible terms for personal loans.
3. Online lenders: Several online-only lenders, such as SoFi, Avant, or Upstart, specialize in providing personal loans with a quick application and funding process.
4. Peer-to-peer lending platforms: Platforms like LendingClub or Prosper connect individuals looking for personal loans with investors willing to lend money.
5. Non-bank financial institutions: Some non-bank entities specialize in personal loans, such as credit card companies (Discover, Capital One), payday lenders, or installment loan providers.
6. Friends and family: In certain cases, individuals may borrow from friends or family members.

It is important to shop around and compare loan rates, terms, fees, and eligibility criteria before applying for a personal loan.