If you need money to meet basic expenses, fund your wedding or take a vacation, you’ve probably considered getting a personal loan. A personal loan is a loan where you don’t put up any collateral, such as your house or your car, that the lender can repossess if you default. Because the lender has no guarantee for the loan other than your own reputation, you’ll have a higher interest rate than you would with a collateralized loan.

Personal loans are one way of financing that stuff you want or need, which just doesn’t really fit your budget. Whether you need to bridge a financial gap or just want to buy something without dipping into your savings, getting a low-cost loan can help.