One fixed rate. One payment. One end date.
An unsecured personal loan for the bigger things — consolidating cards, a medical bill, a repair that can't wait. Fixed APR for the whole term, 6 to 36 months, no collateral.
The consolidation math
Three cards, three minimums, no end in sight — versus one loan with a date it's over. Adjust the numbers to match yours.
- Time to pay off
- ≈ 15 yrs
- Total interest
- $4,400
- Time to pay off
- 2 years
- Total interest
- $890
Card scenario uses a 3% declining minimum payment; your card terms differ. Loan assumes no origination fee. Illustrative only.
Pick the term that fits the payment, not the other way round
$5,000 at 19.99% APR, three ways. Longer terms lower the payment and raise the total.
No prepayment penalty on most loans — take the longer term for a safe payment and pay extra when you can.
Personal vs. installment — which one?
Choose personal when…
- You need $2,000 or more
- You're consolidating debt and want the longest runway (up to 36 months)
- You want the lowest payment and will pay extra when you can
Choose installment when…
- You need less than $2,000
- You want funding by the next business day
- Your checking account is newer than 90 days
Qualifying for $2,000 and up
No minimum score. Lenders apply a slightly higher bar for larger amounts: roughly $1,500+/month verifiable income, 3+ months of deposits, and a checking account that's at least 90 days old. Full requirements
Personal loan FAQ
What is a personal loan through Bear Loan?
An unsecured loan of $2,000 to $5,000 with a fixed APR, repaid monthly over 6 to 36 months. No collateral, and the rate stays the same for the whole term.
What can I use it for?
Almost anything personal: consolidating higher-interest debt, medical or dental bills, home repairs, moving, a wedding, or a large planned purchase. Business use is generally excluded.
What APR will I get?
Commonly 9.95% to 35.99% in our lender network. Stronger credit and income land at the low end. The exact APR is on your agreement before you sign.
Is it worth consolidating credit cards with it?
Often, if the loan's APR is lower than your cards' and you stop adding to the cards. One fixed payment with an end date usually beats minimum payments that stretch for years.
How is it different from an installment loan?
Both repay monthly at a fixed APR. Personal loans start at $2,000, run up to 36 months, and lenders apply slightly stricter income and account-history criteria; installment loans start at $500 and run up to 24 months.
Do I need good credit?
No minimum score is required to request offers. Lower scores typically mean a higher APR or a smaller amount.
How long does funding take?
Usually one to two business days after you e-sign, because lenders verify larger amounts more carefully.
Ready to consolidate or cover the big one?
$2,000 to $5,000 at a fixed APR. Soft credit check, offers in minutes.