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Turning Dreaming into Doing
With an American Express® Personal Loan

An American Express® Personal Loan can help you realize your vision so you can spend less time thinking about what-ifs and more energy on what your next step will be.

Cook up your next home improvement project.

The cabinets are in and appliances are on the way. But the countertop of your dreams is just out of reach with your original budget. An American Express Personal Loan could help you put the finishing touches into place.

Pay for the perfect wedding.

You’ve found your soul mate. Now comes the big step. From save-the-dates to booking the venue, you can get the money you need with an American Express Personal Loan to make your perfect wedding come to life.

Make moving easier.

It's time to stock up on packing supplies and hire movers. With an American Express Personal Loan, you can make your next step, whether it’s near or far, smoother.

Take the ultimate getaway.

When the perfect adventure comes along, you want to jump in with both feet. With an American Express Personal Loan, quick access to money won’t be a problem, so you can take off when opportunity comes knocking.

Personal Loans for Debt Consolidation

Take the next step toward a brighter financial future.

An American Express Personal Loan could help you consolidate your higher-interest credit card debt at a lower fixed interest rate with no origination fees or pre-payment penalties — so you can save. If approved, you can lock in a competitive interest rate and consolidate up to four credit cards into one fixed monthly payment.

Consolidating multiple credit card balances into a single monthly payment may not reduce or pay off your debt sooner in all cases. If the monthly payment on your American Express Personal Loan is lower than the combined minimum due on the cards you are consolidating, it may be due to a lower interest rate on your loan, a longer loan period, or a combination of both. American Express Personal Loans can be used to consolidate credit cards only at eligible U.S. banks (American Express Cards excluded).

Consolidate debt and save with an American Express Personal Loan.

Here’s an illustrative example of potential savings, assuming a $10,000 debt balance in both cases and the APRs and monthly payments shown below.

Compare for savings:
...with these assumptions:
Credit Card Debt1
Compare for savings:
Interest Paid
$2,824
Time to pay off debt
41 months
...with these assumptions:
APR
15.15%
Monthly Payment
$317.90
Compare for savings:
Interest Paid
$1,445
Time to pay off debt
36 months
...with these assumptions:
APR
8.98%
Monthly Payment
$317.90
$1,379 saved in interest.
1The credit card debt example assumes monthly payments of $317.90 on an existing credit card balance of $10,000 at a 15.15% APR, not including additional purchases, payments, or credits. Actual savings may vary based on your approved monthly repayment amount and the repayment period you select for your American Express Personal Loan as compared to the repayments you would have made on your credit card(s). If your required monthly credit card payment is higher than the monthly credit card payment in our example, or if your credit card APR is lower than the credit card APR used in our example, potential savings on interest will be reduced.
2The American Express Personal Loan example assumes 36 monthly payments of $317.90 on a personal loan of $10,000 at an 8.98% APR. Not all Card Members will qualify for a $10,000 loan or an 8.98% APR. Actual savings may vary based on your approved monthly repayment amount and the repayment period you select for your American Express Personal Loan as compared to the repayments you would have made on your credit card(s). Consolidating multiple credit card balances into a single monthly payment may not reduce or pay off your existing debt sooner in all cases. Longer loan periods may result in a lower monthly payment amount but more interest charged over the life of the loan.

How It Works

Personal loans with your choice of repayment period.

1

Tell us where you want us to send your loan funds and the amount you need up to your pre-approved amount.

2

Select the monthly payment option that works for you.

3

If approved, review the terms of your loan. If you accept, we’ll distribute your loan funds.

You can also quickly and easily set up automatic payments on your loan, making those fixed monthly payments even simpler for you to manage.