A personal loan can provide you with a solution to your financial problems. Whether you need money for an unforeseen emergency or to pay utility, medical or credit card bills, or to pay educational expenses, a personal loan can help. But it is a big decision that requires you to consider many factors. You’ll want to consider the reason you are seeking a personal loan, your goals, your income and assets, your existing debts, and your ability to repay the loan. Additionally, there are other top factors to consider when choosing a personal loan.