Of the shown loan purposes, most users got a personal loan for debt or credit card consolidation, followed by home improvement and medical.
Data shown excludes users who selected auto, business expansion, education, IRS tax debt, new business and other as their loan purpose.
Source: Loan purposes are based on aggregate, anonymized data from users who requested a loan through NerdWallet's lender marketplace from July 1, 2023, through Sept. 30, 2023.
