Personal Loans

Millennials Focus on Mental Health as Student Loan Repayments Loom
September 18, 2023

As the October resumption of federal student loan repayments approaches, the financial strain of repaying these loans is expected to have a significant impact on millennials’ overall well-being, particularly on their mental health. In the July “Consumer Inflation Sentiment Report: Back to School Means Back...

Personal Loans
Nubank Launches Personal Loans for Customers in Mexico
September 05, 2023

Latin American FinTech Nubank says it will begin offering personal loans to customers in Mexico. The new product, announced Tuesday (Sept. 5), will roll out in the days ahead for a group of employees who will test the product before it is released to the general public.  Iván Canales,...

Personal Loans
FinTech Upgrade Expands Services to Include Consumer Auto Loans
August 30, 2023

Upgrade is expanding its services to include consumer auto loans. To kickstart its auto lending business, the San Francisco-based FinTech company will initially make its offering available to a group of 30 car dealers in California and Oregon, Bloomberg reported Wednesday (Aug. 30). It plans to target a...

Personal Loans
Fewer Loans and Higher Rates the New Norm for Less-Than-Prime Borrowers
February 15, 2023

For less than prime borrowers, personal loans are harder to come by. Recent earnings results from platform lenders show that demand for personals loans is relatively buoyant as would-be-borrowers seek options through which they can consolidate credit card debt or finance their vehicles. But the...

Personal Loans
Personal Loan App Provider Ranking Sees New Leader MoneyLion Roar to Top
June 13, 2022

There’s only one change of position in PYMNTS’ latest Provider Ranking of Personal Loan apps, but it’s a big one — there’s a new leader. Last month’s leader and runner-up have traded positions this time around. Other than that, the remaining five contenders hold the...

Personal Loans
SBI Launches Real-Time Xpress Credit Loans on India’s YONO App
May 23, 2022

The State Bank of India (SBI) has announced that its personal loan product for salaried customers, called Real-Time Xpress Credit (RTXC), will be available through its YONO bank app, a report from IBS Intelligence said Monday (May 23). Customers will be able to access RTXC...

Personal Loans
Lender Upstart Will Move Excess Loans From Balance Sheet
May 19, 2022

FinTech lender Upstart said it will not keep loans on its balance sheet that financial institutions have no interest in purchasing. As The Wall Street Journal reported Thursday (May 19), the decision by the San Mateo, California-based company reverses its move earlier this year to...

Personal Loans
New Personal Loan Provider Ranking Breaks Its Composure With Two Big Changes
March 09, 2022

Never a lull at PYMNTS’ Provider Ranking Research Facility and Café, deep in a hidden mountain fortress the location of which cannot be disclosed at this time. Or at any time. Clue: It’s hidden. While there, we sip coffee through masks (Halloween, not HEPA, at...

Personal Loans
First National Bank of Omaha Leverages AI Platform to Scale Personal Loan Program
December 08, 2021

First National Bank of Omaha (FNBO) has broadened its collaborative effort with artificial intelligence (AI) lending platform Upstart to expand access to its personal loan program, according to a Wednesday (Dec. 8) press release.  The expansion follows a successful pilot program with Upstart in 2019....