Do personal loans go into your bank account?

Personal loans usually go into your bank account. The vast majority of personal loans are directly deposited into the borrower’s bank account, and many lenders offer interest rate discounts for borrowers who set up automatic payments using their bank information. However, some personal lenders allow for funds to be distributed directly to credit card issuers and other recipients, instead of the borrower having to wait to receive them and then allocating them.