Personal Loans news and trends

Chime Adds ‘Instant Loans’ for Preapproved Members to Banking App
Loans // March 21, 2025

Chime has launched a product called Instant Loans that enables preapproved Chime members who receive direct deposits to their Chime Checking Account to access three-month installment loans of up to $500. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

SoFi Lands $5 Billion to Expand Loan Platform Business
Investments // March 13, 2025

SoFi has finalized an agreement with Blue Owl Capital worth at least $5 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Interest Rate Caps Threaten Credit Access and FinTech Partnerships
Bank Regulation // March 03, 2025

There have been pockets of momentum to curb interest rates charged for balances credit cards and for loans extended by FinTechs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

SoFi Announces $697 Million Loan Secularization
Loans // March 03, 2025

SoFi says it has closed a $697.6 million secularization of loan platform business volume. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Interviews & Exclusives
52% of Consumers Use Credit for Groceries

February 03, 2025
Credit products are changing, with personal loans, embedded finance, and buy now, pay later (BNPL) gaining traction. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree […]

When There Is No FICO: AI and ML Transform Emerging Market Lending

December 05, 2023
Artificial intelligence (AI) and machine learning (ML) are no longer emerging technologies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Earnings Season Shows Card Delinquencies ‘Normalizing,’ but What Comes Next?

October 27, 2023
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Inflation Increased Credit Card Spending for More Than Half of High-Spending Consumers

August 29, 2023
Nearly 200 million in the United States hold at least one bank-issued credit card — a financial tool which has come in handy as inflation and higher costs continue to...

Quick Reads
Upstart Seeks Regulatory Blessing to Become a Bank

March 11, 2026
Digital lender Upstart has become the latest U.S. FinTech seeking a banking charter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications […]

Chime Adds ‘Instant Loans’ for Preapproved Members to Banking App

March 21, 2025
Chime has launched a product called Instant Loans that enables preapproved Chime members who receive direct deposits to their Chime Checking Account to access three-month installment loans of up to $500....

SoFi Lands $5 Billion to Expand Loan Platform Business

March 13, 2025
SoFi has finalized an agreement with Blue Owl Capital worth at least $5 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

SoFi Announces $697 Million Loan Secularization

March 03, 2025
SoFi says it has closed a $697.6 million secularization of loan platform business volume. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...