Credit Karma Personal Loans

Credit Karma Personal Loans Reviews

Author pictureAuthor picture
Author picture
Written by
Author picture
Edited by

Our promise. We provide a buying advantage with verified reviews and unbiased editorial research.

What do you prioritize most?

About Credit Karma Personal Loans

This profile has not been claimed by the company. See reviews below to learn more or submit your own review.

Credit Karma, a brand synonymous with credit scores, does more than just help people track and improve their credit. With its personal loan marketplace, Credit Karma can help you compare personal loans from many different lenders at once, so you can make a more informed decision.

    Pros & Cons

    Pros
    • Compare multiple different loans at once
    • Quick application process
    • Low APR range
    Cons
    • Not a direct lender
    • Only compares loans up to $50,000

    Our editor’s take

    Although Credit Karma can’t loan you money, it can help you save it. In fact, Credit Karma claims that members who compare loan offers through the website save 20%, on average. For those new to personal loans, or who just want to save money, Credit Karma can help you narrow down the best deal without having to do all the legwork yourself.

    However, if you’d rather seek out and compare loan offers on your own, you might want to consider an in-person lender, like your local credit union.

    Credit Karma personal loan products

    Since Credit Karma isn’t a lender, it doesn’t offer any direct personal loans. Instead, it has a personal loan marketplace that can help you find the best loan for your financing needs.

    After submitting an application, you can receive personalized loan offers for loans from $1,000 to $50,000. Typically, these offers will include:

    • Your estimated annual percentage rate (APR)
    • Your estimated monthly payment
    • Your estimated interest and fee total
    • The loan amount you qualify for
    • The likelihood you can officially be approved by the lender for the loan

    Credit Karma personal loans rates

    Since Credit Karma works with many different personal loan lenders to find you the best loan for your needs, the APRs that you are quoted can vary with each lender. Overall, Credit Karma’s loan offers have APRs ranging from as low as 5.4% to 35.99% at the time of publishing.

    Credit Karma personal loans fees

    Credit Karma doesn’t charge any fees for you to use its service, but the lenders it works with might. Depending on the lender, personal loans offered through Credit Karma could come with fees, including origination fees and late payment fees.

    How to apply for a Credit Karma personal loan

    To apply for rate quotes through Credit Karma, you’ll need to:

    1. Make a Credit Karma account: You need a Credit Karma account before applying for your personal loan rates. To do so, you can either sign in with your Gmail account or provide some basic personal information, including your email address.
    2. Fill out the rate quote application: To complete the rate quote application, you’ll need to answer questions about the loan you need and your current finances. Credit Karma will ask you to provide details such as:
      • How much money you need
      • What the loan is for
      • Your individual pretax income
      • Your employment status
      • Your address
      • The last four digits of your Social Security number
    3. Review your rates: Credit Karma will provide you with several different loan offers, depending on which you qualify for.

    When choosing between the loan offers presented to you, keep in mind that each lender will have its own individual requirements. You’ll need to meet these requirements in order to officially qualify for the loan.

    How do Credit Karma personal loans compare?

    Although Credit Karma isn’t a direct lender, it does offer enough insight into the loans it recommends to be able to compare it to one. When measured side-by-side against Upgrade, for example, Credit Karma’s loan offerings are impressive.

    Need cash now? Use our Personal Loans Tool to lock in great offers in minutes!

    View Rates

    Credit Karma personal loans FAQ

    What is Credit Karma?

    Credit Karma is a financial website that consumers can use to track their credit scores, learn how to better their finances and find products that help them reach their financial goals. Even though it is popular, with over 100 million members, Credit Karma remains free to use.

    Is Credit Karma a direct lender?

    No, Credit Karma isn’t a direct lender. Instead, it works with lenders to recommend the best loans for you, based on information you provide to Credit Karma.

    Will using Credit Karma to find a personal loan affect my credit?

    Your credit won’t be impacted by checking your loan offers through Credit Karma. This is because Credit Karma only runs a soft pull on your credit, which doesn’t affect your score in the same way a hard pull can. 

    That said, if you do proceed with a loan offered through Credit Karma, the lender might complete a hard check, which could have an impact on your credit score.

    Is Credit Karma legit?

    Credit Karma is a legitimate fintech company that was acquired by Intuit in 2020 at a value of $8.1 billion. Originally a credit score monitoring service, it has expanded into an online marketplace for loans, credit cards, mortgages and other financial products.

    Although a legit marketplace, Credit Karma was ordered in 2023 by the Federal Trade Commission (FTC) to pay $3 million for misleading some customers with false preapprovals for credit cards. Credit Karma said at the time it disagreed with the FTC’s findings.

    Credit Karma Personal Loans Reviews

    Stars Rating

    • 0%
    • 0%
    • 0%
    • 100%
    • 0%

    Popular Mentions

      How do I know I can trust these reviews about Credit Karma, LLC by Intuit?
      • 4,482,017 reviews on ConsumerAffairs are verified.
      • We require contact information to ensure our reviewers are real.
      • We use intelligent software that helps us maintain the integrity of reviews.
      • Our moderators read all reviews to verify quality and helpfulness.
      Recent
      • Recent
      • Oldest
      • Most helpful

      A link has directed you to this review. Its location on this page may change next time you visit.

      How do I know I can trust these reviews about Credit Karma, LLC by Intuit?
      • 4,482,017 reviews on ConsumerAffairs are verified.
      • We require contact information to ensure our reviewers are real.
      • We use intelligent software that helps us maintain the integrity of reviews.
      • Our moderators read all reviews to verify quality and helpfulness.
      Page 1 Reviews 0 - 10
      Rates

      Reviewed Jan. 9, 2024

      The site does well at keeping up with most recent numbers of 2 of your scores. You will continually get offers and suggestions about different loan and card products. The problem comes when it tells you that you have an excellent or outstanding approval odds and agree to apply, to find out the interest will actually be higher or are denied right off. Take their "odds" with a grain of salt.

      What do you prioritize most?

      Loading more reviews...

      Credit Karma Personal Loans Company Information

      Company Name:
      Credit Karma, LLC by Intuit
      Website:
      www.creditkarma.com