Who provides personal loans?

@matteo.zboncak 

Several types of financial institutions and lenders provide personal loans, including:

1. Banks: Traditional banks, such as Wells Fargo, Bank of America, and Chase, often offer personal loans to their customers. These loans may require a good credit history.
2. Credit Unions: Credit unions, which are member-owned financial cooperatives, also provide personal loans. They generally have more favorable terms and rates compared to traditional banks.
3. Online Lenders: Fintech companies and online lenders like SoFi, LendingClub, and Avant offer personal loans through online platforms. These lenders often provide quick approvals and fund disbursement.
4. Peer-to-Peer Lending Platforms: Peer-to-peer lending platforms, such as Prosper and Upstart, connect borrowers directly with individual investors who fund their loans. These platforms often provide competitive rates and terms.
5. Payday Lenders: Payday lenders offer short-term, high-interest personal loans, often to borrowers with poor credit. However, payday loans typically come with predatory terms and should be a last-resort option.
6. Family and Friends: In some cases, individuals may borrow personal loans from family or friends. Although this can be an informal arrangement, it's important to establish clear terms and repayment plans to avoid potential conflicts.

It's important to compare loan offers from various lenders to find the best terms and rates that suit your needs and creditworthiness.