Personal loan costs may be lower than credit cards right now, but that's not the only factor you should weigh.

CNBC Select looked at key factors like loan amounts, interest rates and term lengths to pick the best lenders for small loans.

Last week, personal loan rates increased. But you can still snag a reasonable rate, whether you’re looking to finance a home remodeling project, deal with unexpected bills or temporarily improve your cash flow.

Secured personal loans can be easier to qualify for, but you risk your collateral if you miss payments

A personal loan can help spread out the cost of big-ticket items, consolidate debt or allow you to make cozy home upgrades over time. Consider making budgeting more manageable with a personal loan. Take a moment to answer a few questions and discover what personalized loan offers may be available to you.

Before you consolidate any amount of debt, it's important to do the math and determine how much your costs will be.

Finding a personal loan can be more difficult if you have poor credit, and you might pay higher interest costs

With excellent credit, you will have access to various personal loans that offer competitive rates and fees. Read this guide to find the best loan for you.