Personal lending is seeing a surge in popularity for those looking to access quick funding – nearly 1 in 4 borrowers last year took out loans to specifically fund home improvements.
For those questioning the ins and outs of obtaining a personal loan, Interest.com created 2020 infographic and survey give valuable insights into the nature of borrowing. They collected data on nearly 4,000 Americans to consider the most commonly borrowed loan amounts, the types of loans, and their popularity, as well as the most frequently used lenders making loan acquisition possible. This way, readers considering a personal loan as a means of funding home renovations or remodeling during this time know what to expect before they agree to borrow.
