<ul><li>Forbes Advisor provides ratings and information on the best personal loans based on 16 data points across different categories.</li><li>Primary considerations include loan costs, loan details, eligibility, customer experience, and the application process.</li><li>Key factors in choosing a personal loan include understanding the need, checking credit, determining financial need, and shopping around for the best rates.</li><li>Pros of personal loans include fixed payments, lower rates with debt consolidation, credit building, flexibility in usage, and quick funding.</li><li>Cons of personal loans involve high interest rates, long terms affecting repayment, potential fees and charges, collateral requirements, and credit impact.</li><li>Average personal loan interest rates vary based on credit score, and alternatives to personal loans include credit cards, home equity financing, payday alternative loans, cash advance apps, and borrowing from friends or family.</li></ul>

Best Personal Loans Of 2025: Compare Top Lenders

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