Small loan

Personal loans can be used to fund home renovation projects. These short-term loans are versatile and can be utilized for various expenses, including home improvements. You also generally have a wide range of lenders to compare and choose from because many lenders, both traditional and digital, are offering these loans.

Generally speaking, there are two types of small loans you could look into.

Secured loans require an asset (typically a vehicle or real estate property) to secure the loan, providing some assurance to the lender if you’re unable to pay back your loan. In these instances, the lender may then seize the asset security on the loan to recover their losses.

Unsecured personal loans, by comparison, don’t require collateral. Lenders may even offer this type of loan to individuals with less-than-stellar credit scores.

Lenders may also consider factors like your employment status, income, and debt-to-income ratio more thoroughly to gauge your creditworthiness for such loans.

At MONEYME Finance, we’re an online service that helps you find clear and practical solutions to a loan. Because we’re completely online, we can help you get connected with potential lenders quickly. Simply fill out a short application form and let our smart technology do the rest of the loan comparison work for you.

Whether you’re tackling home improvements or managing unexpected costs, our technology-driven service offers a convenient and trustworthy first step toward a loan solution suited to your needs. Your financial empowerment is our mission, and we at MONEYME stand by you every step of the way. 

Generally speaking, students could have access to small online loans, whether it’s for educational expenses, accommodation, or living costs. As most students typically do not have strong credit scores, an installment loan may also be ideal for building credit.

But it’s important to note that students still have to meet the requirements to be able to get a small loan. Each lender has its own requirements, but the general criteria include being at least eighteen years old, having a valid checking or savings account with direct deposit, and having a regular income of at least $1,000 every month.

We understand the unique challenges students face in finding loans. That’s why we aim to simplify the process through our technology-led service. With MONEYME, you could narrow down your search for a loan offer to just a few minutes and a few clicks.

The minimum credit score required for a fast loan can vary widely between different lenders, as they typically evaluate credit scores as part of the loan approval process.

When it comes to personal loans, some lenders may focus on a minimum credit score, while others focus on overall financial health. While your credit score is undoubtedly important, it’s not always the main factor considered by lenders; your income, employment status, debt-to-income ratio, and other financial factors could also play a significant role.

This is why MONEYME’s online service is open to a wide range of borrowers, from those with excellent credit scores to those without any credit histories (like students) and everyone in between. We understand that your credit score is not always the complete picture of your financial situation, and we’re committed to helping you connect to lenders who may be open to helping customers with varied credit histories. 

Whether you’re looking for a student loan, a home renovation loan, or some other type of loan, we at MONEYME have made it our mission to make your search as simple as possible.