Do personal loans require a cosigner?

Personal loans don’t require a cosigner, and there are some lenders that specialize in personal loans for borrowers with limited or less-than-stellar credit histories. That said, if you don’t have great credit, or if your income is borderline when it comes to justifying the loan, having a creditworthy cosigner can increase your chances of approval and can help you get a better interest rate than you would on your own.