Loans
Personal Loans Student Loan Refinance Auto Refinance Mortgages Mortgage Refinance
Credit CardsSavingsCredit Score
Learn
Learn

>

Articles

Personal Loans are a Great Way to Budget for Large Expenses

Personal Loans are a Great Way to Budget for Large Expenses
Fiona Staff1/17/2020

For some people, covering a large expense means setting up a payment plan that could extend for multiple months, if not years. In those instances, personal loans can help potential borrowers fund large transactions with transparent fixed terms. 


See Fiona to get matched with personal loan offers that meet your needs. 

GET OFFERS


By taking out a personal loan, borrowers can obtain the funds they need up front, and then repay the lender on terms that match their month-to-month budget. Below are three typical large expenses where a personal loan can come in handy.

Events

Life is full of celebrations. Weddings, anniversaries and graduation parties are just some of the milestones that mark our passage through life. When people can’t afford every expense in their event budget upfront, a personal loan can be useful for covering a bulk cost. This allows the borrower to fund a major, time-sensitive expense (e.g., reserving the event space) right away, which they can then pay off in smaller, monthly installments over time.

Travel

Travel can be expensive and difficult to budget due to unforeseen expenses. Having said that, planning a dream vacation doesn’t have to be out of reach for those who can’t pay for the entire trip upfront. A personal loan can help a borrower cover costly payments like air travel and hotels, while allowing them to use savings to budget their day-to-day expenses.


Explore personal loan options with Fiona, and plan your dream vacation today.


Home Renovation

For most homeowners, their equity is their greatest source of collateral. Taking out a personal loan to pay for home renovations can help protect or increase the equity by raising the house’s property value. 

Bottom Line

Personal loans can be a great financial tool to help people cover expenses they wouldn’t otherwise be able to afford. For those in need of a personal loan, Fiona matches you with offers that align with your financial circumstances.


You might also be interested in

More Topics
Large Purchase Illustration
Large Purchase

Disclaimer: The material provided on this site is not intended to provide legal, investment, or financial advice or to indicate the suitability of any Even Financial product or service to your unique circumstances. For specific advice about your unique circumstances, you may wish to consult a qualified professional. Any information or statistical data sourced by Even Financial through hyperlinks, from third-party websites, are provided for informational purposes only. While Even Financial finds these sources to be accurate, it does not endorse or guarantee any third-party content.