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Is There a Minimum I Can Borrow for a Personal Loan?

May 31, 2016

Not all loans have to be for huge sums. If you find yourself saddled with an unexpected or emergency expense, a small personal loan might be the right solution to get you over the cash hump.

A small loan of $1,000 or less might seem like too little to borrow, but sometimes that’s all you need to make it through to the next paycheck. If your credit card is nearly maxed out and you don’t want to put another dime’s worth of expenses on it, a personal loan can pay for an emergency airline ticket, holiday shopping expenses, groceries or any other miscellaneous expenses that pop up over the course of a couple weeks.

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