Best Secured Personal Loans of December 2024

• Pros:
  • Fast and convenient service
  • Works in all 50 states
  • Personal loans for any purpose
• Cons:
  • No direct loans

CashUSA offers quick personal loans. If a lender makes you a loan offer, you will have an opportunity to review the offer before deciding to accept it. In most cases, your funds can be deposited directly into your bank account via electronic fund transfer in as little as 1 business day.

CashUSA personal loans range between $500 to $10,000. The APR range is from 5.99% to 35.99%.

Whether you need to consolidate debt, remodel your home, or take a vacation, a personal loan may be a viable option.

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• Pros:
  • Fast application and approval
• Cons:
  • Origination fee
  • High APR

Merrick Bank offers personal loans from $2,500 to $12,500. There is also a 5% origination fee.

Receive your funds as soon as the next business day after approval.

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• Pros:
  • No fees
  • Fast approval and funding
  • Rate discount for autopay
• Cons:
  • Only available in 15 U.S. states
  • Credit score of 780 or higher
  • Collateral Needed

The Annual Percentage Rate of Keybank personal loans ranges between 4.99% to 15.32%.

The APR may vary based on the state of residence. The APR charged by KeyBank across Key's footprint (OH, IN, MI, PA, NY, MA, CT, VT, ME, CO, ID, UT, WA, OR, AK) includes a 0.25% discount for electing to have the monthly payment automatically deducted from a KeyBank checking or savings account.

The loan amount ranges from $5,000 to $50,000.

• Pros:
  • Autopay discount
  • No origination fee or prepayment penalty
• Cons:
  • No co-signers permitted

Fifth Third Bank offers fast and convenient secured personal loan.

The Bank offers loans from $2,000 to $500,000.

The APR range is from 5.14% to 8.64%. Loan terms are available for 12 or 60 months.

The Bank charges a late fee, but only if you do not pay after the 10-day grace period. The actual fee is not disclosed.