Your loan terms are not guaranteed and are subject to our verification and review process. You may be asked to provide additional documents to enable us to verify your income and your identity. To be offered the lowest rates, you may be required to have some of your funds sent directly to pay off existing debt(s). This rate shown includes an Autopay APR reduction of 0.5%. Autopay enrollment is optional and by enrolling, your payments will be automatically deducted from your bank account. The APR includes the yearly interest rate and a loan origination fee, which is deducted from the loan proceeds. Late payments and other fees may increase the cost of your fixed rate loan. Please refer to Upgrade's Terms of Use and Borrower Agreement for terms, conditions and requirements. Upgrade is a financial technology company, not a bank. Personal loans are issued by Upgrade's bank partners: https://www.upgrade.com/bank-partners/.
† After acceptance, your funds will be sent within one (1) business day of clearing necessary verifications. Funds availability is dependent upon your bank’s transaction processing time and may take up to 2 weeks if sent directly to third party creditors.
Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates at the time of application and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, income, and other factors. If SoFi is unable to offer you a loan but matches you
for a loan with a participating bank, then your rate may be outside the range of rates listed above. Rates and Terms are subject to change at any time without notice. SoFi Personal Loans can be used for any lawful personal, family, or household purposes and may not be used for post-secondary education expenses. Minimum
loan amount is $5,000. The average of SoFi Personal Loans funded in 2024 was around $33K. Information current as of 02/23/26. SoFi Personal Loans originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org). See SoFi.com/legal for state-specific license details. See SoFi.com/eligibility for details
and state restrictions.
Fixed rates from 8.74% APR to 35.49% APR. APR reflect the 0.25% autopay interest rate discount and a 0.25% SoFi Plus interest rate discount.
SoFi Platform personal loans are made either by SoFi Bank, N.A. or , Cross River Bank, a New Jersey State Chartered Commercial Bank, operating from its Delaware branch, Member FDIC, Equal Housing Lender. SoFi may receive compensation if
you take out a loan originated by Cross River Bank. These rate ranges are current as of 02/23/26 and are subject to change without notice. Not all rates and amounts available in all states. See SoFi Personal Loan eligibility details at
https://www.sofi.com/eligibility-criteria/#eligibility-personal. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed above and will depend on a
variety of factors, including evaluation of your credit worthiness, income, and other factors.
Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 9.99% of your loan amount for Cross River Bank originated loans which will be deducted from
any loan proceeds you receive and for SoFi Bank originated loans have an origination fee of 0%-7%, will be deducted from any loan proceeds you receive.
Autopay: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for
periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi.
SoFi Plus Discount: SoFi Plus members are eligible for an interest rate reduction of 0.25% on a Personal Loan. To be eligible for the discount, you must meet the SoFi Plus eligibility criteria within 31 days of the funding of your loan. For complete SoFi Plus eligibility, please see the SoFi Plus terms. When you enroll in SoFi Plus, the
discount will lower the interest rate that applies to your loan only during periods in which you are enrolled in SoFi Plus. The discount will be removed during periods in which SoFi determines you are not enrolled in SoFi Plus. Each time your loan is re-amortized, your monthly payment amount will change based upon the interest
rate that was in place. SoFi reserves the right to change or terminate this offer for unenrolled participants at any time. You are not required to enroll in SoFi Plus to be eligible for Loan approval.
Partner Disclosures
You must complete a loan application and continue to meet any criteria used to select you for a loan offer. Not all applicants are approved. Loan approval and actual loan terms depend on applicant’s state of residence and ability to meet OneMain Financial credit standards such as a responsible credit history, sufficient income after monthly expenses, and if applicable, availability of eligible collateral. Not all approved applicants qualify for larger loan amounts, lower APRs, or the most favorable loan terms. For example, larger loan amounts typically require a first lien on a motor vehicle that is no more than ten years old, meets our value requirements, and is titled in applicant’s name with valid insurance. APRs are generally higher on loans not secured by a vehicle. Example Loan: A $6,000 loan with a 24.99% APR that is repayable in 60 monthly installments would have monthly payments of $176.07. OneMain charges origination fees allowed by law. Depending on the state where the loan is opened, the origination fee may be either a flat amount or a percentage of the loan amount. Flat fees vary by state, ranging from $25 to $500. Percentage-based fees vary by state, ranging from 1% to 10% of the loan amount subject to certain state limits on the fee amount. For information about these fees and minimum and maximum loan sizes available in certain states, visit omf.com/loanfees. Current OneMain Customers: Loan offers presented to a consumer assume the individual has no active loan with OneMain or one of its affiliates. If a customer applies for a new loan offer, a OneMain representative will discuss available options. Active-duty military, their spouse or dependents covered by the Military Lending Act (MLA) may not pledge any vehicle as collateral. If you are covered by the MLA, you are not eligible for secured loans. Loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z such as college, university or vocational expense; for any business or commercial purpose; to purchase cryptocurrency assets, securities, derivatives or other speculative investments; or for gambling or illegal purposes. Time to Fund Loans: Funding within one hour after loan closing through SpeedFunds® must be disbursed to a bank-issued debit card. Disbursement by check or ACH may take up to 1-2 business days after closing.
Partner Disclosures
Terms presented, including APR and monthly payment amount, are estimated and created
based on information entered by you and through analysis of historical data on loans through
Prosper. Your eligibility for a loan and actual terms depend on the information you provide in
your application, and other variables including, but not limited to, your credit score, Prosper
Rating, loan amount, loan term, employment and income details, credit usage and history.
Eligibility for personal loans up to $50,000 depends on a number of factors, including (but not
limited to) your financial history, credit score, monthly income, and monthly expenses.
Eligibility for personal loans is not guaranteed, and requires sufficient investor commitments to
fund. Your monthly payment amount may be different in the final month of your loan.
Personal loans through Prosper have an annual percentage rate (“APR”) of 8.99% to 35.99%,
terms between two and five years, and an origination fee from 1% to 9.99%. For example, a
three-year $10,000 personal loan with an interest rate of 16.66% and a 8.99% origination fee
results in a 23.53% APR. You would receive $9,101.00 and make 36 scheduled monthly
payments of $354.84. A five-year $10,000 personal loan with an interest rate of 18.73% and a
8.99% origination fee results in a 23.26% APR. You would receive $9,101.00 and make 60
scheduled monthly payments of $257.92. The average APR for loans with a 3-year term funded
between January 1, 2025, and June 30, 2025, was 23.53%.
Whether you are eligible for a specific APR or loan term will depend on a number of factors,
including (but not limited to) your current credit rating and information you provide in your
application. The lowest rates are for the most creditworthy applicants. Your actual rate may
differ.
You may receive your funds one business day following your acceptance of the loan offer,
completion of all necessary verification steps and final approval. One business day funding is
also dependent on your bank’s transaction processing speed.
All personal loans made by WebBank.
Partner Disclosures
This offer is representative of what may be available to you; you may see additional options or slightly different terms once you continue the application process on the NetCredit website. You may be asked to provide additional documents regarding your income, identity and bank account. All NetCredit loans and lines of credit are underwritten, approved and funded by either NetCredit or one of its lending partner banks. Visit https://netcredit.com/lending-partners for more information. All loans and lines of credit are serviced by NetCredit. For Lines of Credit, a 10% Cash Advance Fee will be deducted from the amount of each Cash Advance, and each billing period a Statement Balance Fee of $0 - $650 will apply based on your Cash Advance Balance. Each Billing Cycle, your Minimum Payment will include a portion of your Cash Advance Balance plus the Statement Balance Fee. The minimum Cash Advance varies by state. Please see Terms of Use, Rates & Terms and Borrower Agreements for all terms, conditions and requirements.
KS residents: NetCredit Loan Services, LLC, License No. SL.0026603.
Partner Disclosures
*Available APRs range from 6.35% to 14.90%*, which includes the payment of a higher origination fee in exchange for a reduced interest rate, which is not available to all applicants or in all states. (the advertised APR includes a combined 0.25% discount for opting into a credit union membership (0%) and enrolling in autopay (0.25%) as well as payment of higher origination fee in exchange for a reduced rate, which is not available to all applicants or in all states). The lowest APRs are only available to the most qualified applicants, depending on credit profile and the state where the property is located, and those who also select five year loan terms; APRs will be higher for other applicants and those who select longer loan terms. As representative example, for a borrower with a 60% CLTV and a 740 credit score who is eligible for and chooses to pay a 4.99% origination fee in exchange for a
reduced APR on a five-year Figure Home Equity Line with an initial draw amount of $50,000 would have
a fixed annual percentage rate (APR) of 7.70%. The total loan amount would be $53,850.
Alternatively, a borrower with the same credit profile who pays a 3.99% origination fee would have an
APR of 7.80% and a total loan amount of $51,995. Your actual rate will depend on many factors such
as your credit, combined loan-to-value ratio, loan term, occupancy status, and whether you are eligible
for and choose to pay a higher origination fee in exchange for a lower rate. Rates change frequently so
your exact APR will depend on the date you apply. APRs for home equity lines of credit do not include
costs other than interest. You will be responsible for an origination fee of up to 4.99% of your initial draw,
depending on the state in which your property is located and your credit profile. You may also be
responsible for paying the costs of valuation if an AVM is not available for your property ($180), manual
notarization if your county doesn’t permit eNotary ($380), and recording fees ($0 - $315) and recording
taxes, which vary by state and county ($0-$1,400 per one hundred thousand dollars borrowed). Property
insurance is required as a condition of the loan and flood insurance may be required if your property is
located in a flood zone.
Partner Disclosures
Your loan terms are not guaranteed and are subject to our verification and review process. You may be asked to provide additional documents to enable us to verify your income and your identity. To be offered the lowest rates, you may be required to have some of your funds sent directly to pay off existing debt(s). This rate shown includes an Autopay APR reduction of 0.5%. Autopay enrollment is optional and by enrolling, your payments will be automatically deducted from your bank account. The APR includes the yearly interest rate and a loan origination fee, which is deducted from the loan proceeds. Late payments or other fees may increase the cost of your fixed rate loan. Please refer to Universal Credit's Terms of Use and Borrower Agreement for terms, conditions and requirements. Upgrade is a financial technology company, not a bank. Personal loans are issued by Universal Credit's bank partners: https://www.universal-credit.com/bank-partners/.
Partner Disclosures
The full range of available rates varies by state. A representative example of payment terms for a Personal Loan is as follows: a borrower receives a loan of $10,000 for a term of 60 months, with an interest rate of 21.58% and a 9.84% origination fee of $984, for an APR of 26.82%. In this example, the borrower will receive $9016 and will make 60 monthly payments of $275. APR is calculated based on 5-year rates offered in December 2023. There is no downpayment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved. While most loans through Upstart are unsecured, certain lenders may place a lien on other accounts you hold with the same institution. There may be an option to secure your personal loan through Upstart with your vehicle, which will require a lien to be placed on the vehicle. It is important to review your promissory note for these details before accepting your loan.
Partner Disclosures
Reprise Financial branded credit products are originated by WebBank in select states. To qualify for this offer you must apply and continue to meet the criteria used to select you for this offer. Your loan terms and loan approval depend on your credit history, proof of sufficient income to pay your bills (including this loan), banking history, and, for certain applicants, your ability to provide sufficient collateral. The loan offer amount is inclusive of the amount financed and any applicable fees. Loan fees (including origination fees) differ by state. Loans terms typically range from 36 to 60 months with Annual Percentage Rates (APRs) between 9.99 to 35.99%. The minimum loan amount in GA is $3,500. The minimum loan amount in OH is $5,000. In all other states, the minimum loan amount is $2,500. Loan proceeds may not be used to finance gambling, illegal activity, commercial activity, or post-secondary educational expenses as defined by Regulation Z. If your loan is funded by 3pm CST (not including weekends or holidays) you will receive your funds the next business day. Interest on your loan will begin to accrue the first business day after your loan funds. Both unsecured and loans secured by your vehicle are provided. Not all applicants will qualify for unsecured loans. Loans secured by an automobile may not be available to borrowers covered by the Military Lending Act. If you apply for a loan, Reprise Financial will contact you on the phone number provided to discuss the application and your submission of an application affirms your consent to be contacted by Reprise Financial, including through an automated telephone dialing system. Example Loan: A $9,000 personal loan with a 25% APR that is repayable in 48 monthly installments would have monthly payments of $298.73.
Partner Disclosures
A representative example of payment terms for a Personal Loan is as follows: a borrower receives a loan of $19,658 for a term of 36 months, with an interest rate of 13.24% and a 6.00% origination fee of $1,179 for an APR of 17.63%. In this example, the borrower will receive $18,479 and will make 36 monthly payments of $665. Loan amounts range from $1,000 to $60,000 and loan term lengths range from 24 months to 84 months. Some amounts, rates, and term lengths may be unavailable in certain states.
For Personal Loans, APR ranges from 6.53% to 35.99% and origination fee ranges from 0.00% to 8.00% of the loan amount. APRs and origination fees are determined at the time of application. The lowest APR may be available to borrowers with excellent credit, subject to additional factors including, but not limited to, loan amount, loan term, and sufficient investor commitment. Advertised rates and fees are valid as of January 7, 2026 and are subject to change without notice.
Loans are made by LendingClub Bank, N.A., Equal Housing Lender (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. LendingClub Bank is not an affiliate of this platform, which is an unrelated third party (“third party”). LendingClub Bank is not responsible for any products and services provided by this third party and may receive compensation if you visit the third party’s websites or use any of its products or services. Credit eligibility is not guaranteed. Loans are subject to credit approval and may be subject to sufficient investor commitment. Credit union membership may be required. Certain information that LendingClub Bank subsequently obtains as part of the application process (including but not limited to information in your consumer report, your income, the loan amount that your request, the purpose of your loan, and qualifying debt) will be considered and could affect your ability to obtain a loan. Loan closing is contingent on accepting all required agreements and disclosures. “LendingClub” and the “LC” symbol are trademarks of LendingClub Bank.
Partner Disclosures
*Approval is subject to Income and identity verification; fraud, credit, and bank account checks; and state law restriction. Credit checks include whether unsecured personal loans were found to be obtained within the past 90 days from this loan application. Bank accounts must have a positive balance on the information provided at the time of application and are subject to review. Not all applicants will qualify. When you check your rate, we check your credit report. This initial (soft) inquiry will not affect your credit score. If you proceed with your application, we do another (hard) credit inquiry that may impact your credit score. This offer is conditioned upon your submission of a complete application, and our final approval based on our consideration and verification of financial and non-financial information. This offer may be accepted only by the person identified in this offer, who is old enough to legally enter into contract for the extension of credit, and resides in the US. Zendable, LLC and Zable loans are made by Cross River Bank, Members FDIC, Equal Housing Opportunity Lenders. All uses of "Zable" refer to "the Zable personal loan" and/or "Zable on behalf of Cross River Bank, as originator of the Zable personal loan," as applicable. This is not a deposit product.
Partner Disclosures
Terms and Conditions apply. Please note the loan amount, as this may be a counteroffer of the original loan amount requested. Rates displayed may include a direct pay discount. With Direct Pay, the loan proceeds are paid directly to your credit card accounts. If you do not enroll in direct pay, your rate may increase.
Splash reserves the right to modify or discontinue products and benefits at any time without notice. Rates and terms are subject to change at any point prior to application submission. Your prequalified rate is based on information you provided. All final offers require verified credit information which could impact your qualified rate. Not all applicants qualify for the lowest rate. The information you provide to us is an inquiry to determine whether Splash's lending partners can make you a loan offer. If approved, your actual rate will be within a range of rates and will depend on a variety of factors, including credit score, credit usage history, loan term, and other factors. Please be advised that a lending partner who has an available loan offer for you may conduct another soft credit pull as part of its application review process.
Splash marketplace loans offer rates between 10.59% to 26.76% APR as of March 16, 2026. Our lowest rate may include a 0.25% autopay discount for the shortest loan term. Personal loans offered through the Splash network have an origination fee of 3.29-7.99%, which may be deducted from the loan proceeds. Lowest rates may require autopay and may require paying off a portion of existing debt directly. The autopay reduction will not be applied if autopay is not in effect. See loan agreement for details. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available.
Repayment examples are for illustrative purposes only. Personal loan repayment example: If you are approved for a $10,000 loan with a 36-month term and a fixed APR of 17.98% (which includes a 14.32% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a monthly payment of $343.33. Not all rates and amounts available in all states. Residents of Massachusetts have a minimum loan amount of $6,000; New Mexico and Ohio, $5,000; residents of Georgia have a minimum loan amount of $3,001. There is no fee or penalty for repaying a loan early. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan.
Personal loans are solely for personal, family, or household purposes and are not permitted to be used to purchase or refinance the purchase of real estate, securities or other investments. Personal loans may not be used for business purposes, to finance post-secondary education expenses, for short-term bridge financing or any illegal purpose.
Partner Disclosures
Founded in 1999 and recognized as one of the most trusted and experienced online banks in the industry, delivers exceptional value and personalized service to our customers.\nWe offer unsecured personal loans between $5,000 to $50,000\nTerms range from 36 to 72 months with no collateral requirements\nApply online in minutes and receive a loan offer within seconds of a click of a button\nUpon acceptance of our offer, we can fund in as little as 24 hours\nExperienced loan specialists available to answer all your questions and guide you through our quick and easy process
To choose our picks, we looked at thousands of verified reviews, loan requirements and rates. The results: Best Egg stands out as the best personal loan company in 2026. Upgrade is a good choice for low rates, Achieve is the best option for large loans, NetCredit is great if you only need a small personal loan and AmONE stands out for lender matching and comparison.
Why trust ConsumerAffairs?
Our recommendations are based on what reviewers say.
4,859,481 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.
To select our top picks, we looked at top-rated loan companies and compared their annual percentage rates (APRs), terms, fees and customer reviews. Our picks may be Authorized Partners that compensate us. This does not affect our recommendations or evaluations. Read our full methodology for more details on how we picked the best personal loan companies.
Your loan terms are not guaranteed and are subject to our verification and review process. You may be asked to provide additional documents to enable us to verify your income and your identity. To be offered the lowest rates, you may be required to have some of your funds sent directly to pay off existing debt(s). This rate shown includes an Autopay APR reduction of 0.5%. Autopay enrollment is optional and by enrolling, your payments will be automatically deducted from your bank account. The APR includes the yearly interest rate and a loan origination fee, which is deducted from the loan proceeds. Late payments and other fees may increase the cost of your fixed rate loan. Please refer to Upgrade's Terms of Use and Borrower Agreement for terms, conditions and requirements. Upgrade is a financial technology company, not a bank. Personal loans are issued by Upgrade's bank partners: https://www.upgrade.com/bank-partners/.
† After acceptance, your funds will be sent within one (1) business day of clearing necessary verifications. Funds availability is dependent upon your bank’s transaction processing time and may take up to 2 weeks if sent directly to third party creditors.
Personal loans available through Achieve.com (NMLS #138464) or Achieve Personal Loans (NMLS ID #227977) are made by Cross River Bank, a New Jersey State Chartered Commercial Bank, or Pathward®, N.A., Equal Housing Lenders. Loan applications are subject to credit review, underwriting criteria and approval. Loans are not available in all states and available loan terms/fees may vary by state. Loan amounts range from $5,000 to $50,000. APRs range from 8.99 to 35.99% and include applicable origination fees that vary from 1.99% to 6.99%. The origination fee is deducted from the loan proceeds. Repayment periods range from 24 to 60 months. Example loan: four-year $20,000 loan with an origination fee of 6.99%, a rate of 15.49%, and corresponding APR of 19.54%, would have an estimated monthly payment of $561.60 and a total cost of $26,956.80. To qualify for a 8.99% APR loan, a borrower will need excellent credit, a loan amount less than $12,000.00, and a term of 24 months. Adding a co-borrower with sufficient income; using at least eighty-five percent (85%) of the loan proceeds to pay off qualifying existing debt directly; or showing proof of sufficient retirement savings, could also help you qualify for lower rates. Funding time periods are estimates and can vary for each loan request. Same day decisions assume a completed application with all required supporting documentation submitted early enough on a day that our offices are open. Achieve Personal Loans loan consultants' hours are Monday-Friday 6am-8pm AZ time, and Saturday-Sunday 7am-4pm AZ time.
This offer is representative of what may be available to you; you may see additional options or slightly different terms once you continue the application process on the NetCredit website. You may be asked to provide additional documents regarding your income, identity and bank account. All NetCredit loans and lines of credit are underwritten, approved and funded by either NetCredit or one of its lending partner banks. Visit https://netcredit.com/lending-partners for more information. All loans and lines of credit are serviced by NetCredit. For Lines of Credit, a 10% Cash Advance Fee will be deducted from the amount of each Cash Advance, and each billing period a Statement Balance Fee of $0 - $650 will apply based on your Cash Advance Balance. Each Billing Cycle, your Minimum Payment will include a portion of your Cash Advance Balance plus the Statement Balance Fee. The minimum Cash Advance varies by state. Please see Terms of Use, Rates & Terms and Borrower Agreements for all terms, conditions and requirements.
KS residents: NetCredit Loan Services, LLC, License No. SL.0026603.
Before picking a lender, make sure you review all the loan features to decide what’s best for you. Once you’ve evaluated your options, the next step is to start the application process. While lenders' processes may vary slightly, the steps to getting a personal loan are typically the same across the board.
Key insights
Different lenders cater to different needs. Consider minimum and maximum loan amounts, credit score requirements and repayment terms when choosing a lender.
A personal loan is a type of consumer loan. Personal loans are also sometimes called installment loans because you get a lump sum of money upfront and pay it back in regular installments over a predetermined period. Repayment terms can be anywhere from a few months for short-term loans, to over five years for long-term loans.
What can I use a personal loan for?
Personal loans can be used for a wide range of purchases. You can also use them to pay down or consolidate others debts. Some lenders restrict personal loan usage — e.g., you might not be able to use them for college tuition or a mortgage down payment.
However, most lenders will allow personal loans to be used for:
You can get a personal loan from a bank, credit union, online lender or other financial institution. Some lenders only work with borrowers if they have a good credit score. Others have more flexible requirements but charge higher interest rates. The added costs mean you end up paying more over time.
The majority of personal loans are unsecured, which means they’re not backed by collateral. This is why creditworthiness is a determining factor for approval. Secured personal loans are backed by collateral, like your car or savings, which the lender can repossess if you default.
How personal loans work
When you get a personal loan, you borrow money and pay it back over time in monthly payments until you’ve repaid the entire amount. Personal loans are installment loans. Added interest and other fees mean you’ll pay back a little more than you borrowed — this is the cost of borrowing and how lenders make money.
Here are the costs you can expect to pay when borrowing a personal loan:
Principal balance: The total amount that you borrow from the lender and the amount used to calculate your interest charges.
Origination fee: Typically 1% to 10% of the principal balance and is either tacked onto or deducted from your loan amount.
Late fees: If you miss a monthly payment, the lender will likely tack on a fee to your balance.
APR: This is the main cost of borrowing and usually ranges from 6.99% to 35.99%. It’s calculated with your remaining principal balance, how long your repayment terms are and other fees.
Interest rate: Different from the APR, the interest rate dictates how much your lender will add onto your balance each month until you pay off the loan. It doesn’t include fees.
Credit score: Most lenders require a minimum credit score of 600 to 660. A higher score not only increases your chances of approval but may also help you secure a lower interest rate. Some lenders offer tiered rates based on credit ranges, so improving your credit score before applying could lead to significant savings over the life of the loan.
Income: Lenders want to see that you have a steady income and can afford the monthly payments. This can include income from a full-time job, part-time work, freelancing or even retirement or government benefits. You’ll likely need to provide proof of income, such as recent pay stubs, tax returns or bank statements.
Debt-to-income ratio: This is a measure of how much of your monthly income goes toward debt payments. Lenders typically prefer a debt-to-income ratio of 40% or lower, but some may accept higher ratios depending on other financial factors. A lower ratio signals to lenders that you have enough room in your budget to comfortably take on additional debt.
Relationship requirements: Certain banks only lend to existing customers who have had accounts for a specified amount of time. These institutions may offer better rates or more flexible terms to loyal customers. If you already bank with a lender that offers personal loans, it’s worth asking whether they have any perks or streamlined application processes for long-standing account holders.
Additional documentation: Some lenders may ask for more documents, like a government-issued ID, proof of address or references. Having these ready can help you move through the application process more quickly.
Interest rates on personal loans vary widely depending on your credit score, income, debt-to-income (DTI) ratio and the lender's terms. Generally, personal loan rates range from around 8% to 36%.
When it comes to interest rates, lower is better. The lowest rates lenders advertise are for the ideal borrower — one with excellent credit, high income and low debt. A good interest rate will be one near a lender’s advertised rate.
Below is a general breakdown of typical personal loan APRs by credit score (as of publishing).
Credit score
Typical APR range
Excellent (720 to 850)
6.99% to 10.99%
Good (690 to 719)
9.99% to 15.49%
Fair (630 to 689)
14.24% to 19.99%
Poor (300 to 629)
20.99% to 35.99%
How to get a better interest rate
If you’re unhappy with the rate you were given, you can improve your credit by paying off existing debt, reducing your credit utilization and making timely payments. These steps may help you qualify for a better rate in the future.
You can also improve your chances of securing a lower interest rate by shopping around and comparing offers from multiple lenders. Some lenders may offer better rates if you apply with a co-signer who has stronger credit or if you opt for a shorter loan term. Additionally, some banks and credit unions may give discounts to existing customers or those who set up automatic payments. Taking the time to explore these options can help you lock in a more favorable rate and save money over the life of your loan.
A good APR for a personal loan is typically at or below the lender’s advertised range for borrowers with strong credit. For many borrowers, that means a rate in the single digits or low teens, depending on market conditions and credit profile.
How to find the best personal loan companies
Before you apply for a personal loan, check your credit score. The better your score is, the more likely you are to qualify for a lower rate. It might save you money to fix your credit before taking out a personal loan, though this is not a fast process.
Once you know your score, shop around and compare loan offers for your credit range. Here are five tips for comparing different lenders to help you get the best rate and terms.
1. Research the lender
Remember that if an offer sounds too good to be true, it likely is. Before you apply for a loan, make sure the company is legitimate by verifying that it’s licensed in your state and reviewing its rate and fee disclosure. You’ll also want to find out if the lender allows you to check your rate with a soft or hard credit check.
“Lenders who cannot explain all the loan details, upfront fees, rates, etc., will likely have hidden excessive fees,” said Fred Winchar, president of Max Cash. He also recommends avoiding lenders that promise guaranteed approvals or rush you through the loan process.
Typically, origination fees range between 2% and 6% on a personal loan, but some companies charge up to 10%. A handful of lenders, however, waive origination, closing and prepayment fees entirely. We suggest avoiding lenders that charge prepayment fees that make it difficult to pay off your loan early.
Reading different lender reviews will give you a sense of what to expect from different lenders. Keep an eye out for multiple reviews that mention high-pressure sales tactics and unexpected charges or fees.
Keep in mind that you will also likely find negative reviews by people who are simply annoyed that they were denied. This information may not be relevant to you.
3. Compare loan offers
The rate you get depends on how the lender evaluates your creditworthiness. That’s why applicants with bad credit rarely get the lowest rate advertised.
“As you decide [your loan term], leave a little room for other unexpected expenses that could set you financially off balance,” said Winchar.
Generally, the interest rate on your loan depends on your:
Credit history and score
DTI ratio
Income and employment information
Lender
Size of the loan
Length of repayment term
Consider the APR (vs. interest rate) when calculating your total loan cost. The APR provides a fuller picture of total costs over time.
You want to consider the total cost of the loan; to do that, look at the APR, which includes fees. Also, check the options for term lengths and the monthly payment amount to make sure it fits in your budget.
4. Apply for the loan
You can apply for a personal loan at your local financial institution or through an online lender; most lenders have online loan applications to make the process faster. The application will ask you questions about yourself, your finances and what you plan to do with the loan. Have these documents ready when you apply:
Government-issued ID
Social Security number
Income verification (pay stubs, W-2s or bank statements)
Proof of residence (utility bill, rental agreement, mortgage statement)
Bank account information (routing number, account number)
Once you submit your application, expect a hard pull on your credit, which can temporarily decrease your credit score. Once your application is approved, you will have a chance to view and approve your rate and repayment terms.
How prequalification and soft credit pulls work
When shopping and comparing personal loans, you can get prequalified through most lenders with a soft credit check. Instead of a hard pull on your credit, where the lender checks your full credit report, it’s a soft pull, which only gives an overview of payment history and accounts.
With this information from a soft credit check, the personal loan company can give you estimated rates and monthly payment amounts for what it’s willing to lend to you. Prequalification isn’t a guarantee of approval, but it will give you an idea of how much you may get approved for and with what terms.
Before taking out a personal loan, consider the following steps to ensure you’re making the best financial decision and getting the best loan possible:
Assess your financial situation: Ensure you truly need a loan and that it aligns with your financial goals. Check your credit score and review your debt-to-income ratio.
Improve your credit score: A better score can lead to lower interest rates and better terms.
Compare multiple lenders: Shop around for the best rates and terms available for your credit profile.
Understand the total cost: Look at APRs and fees to determine the overall expense of the loan.
Create a repayment plan: Make sure you can afford the monthly payments and have a plan to pay off the debt responsibly.
If you can’t get approved for a personal loan or you think a personal loan isn’t right for your situation, consider these alternatives.
Credit unions
Credit unions typically have membership requirements, but once you have a checking or savings account with one, your options for finding the best personal loan open up. Depending on the credit union, you may have personal loan options with better terms, easier eligibility requirements and fewer fees.
If you have bad credit, a credit union may have credit-builder loans available to help you get the funding you need and improve your score over time.
Credit cards
Depending on how much funding you need, a 0% intro APR credit card could be the best alternative. These cards let you make purchases or transfer high-interest debt and pay it off over time without interest charges. Compare intro APR lengths of different credit card offers to find one that gives you ample time to take advantage of the intro period.
Budget accordingly to pay off what you charge to the card before the end of the intro APR period so you aren’t left with a balance that accrues interest.
Home equity loans
Home equity loans (HELOANs) let you tap into the difference between your home’s value and your mortgage balance. With a HELOAN, you borrow on that difference and pay it off over time. Because the house is the loan’s collateral, interest rates are usually lower and terms can be longer.
The risk is that if you can’t pay off a HELOAN, the lender can initiate foreclosure and take ownership of your home. Be sure that you can make the monthly payments.
FAQ
How long does it take to get a personal loan?
How long the application process takes varies by lender. Most lenders make it easy to get started online, showing your prequalification rate in minutes. Some lenders approve borrowers and distribute funds on the same day, while others can take multiple days.
Can you refinance a personal loan?
You can refinance a personal loan, similarly to how you can refinance a car loan, student loan or home loan. Refinancing allows you to replace your current loan with one that has more favorable terms.
How many personal loans can you have at once?
It’s possible to have multiple loans from the same lender or across different lenders. A lender might require you to wait several months before applying for a new loan. Having an existing personal loan can affect your eligibility for another loan.
Yes, it’s possible to get a personal loan with bad credit, but it may come with higher interest rates and less favorable terms. Lenders use your credit score to assess risk, so a lower score can signal that you're more likely to miss payments. As a result, you may be offered a smaller loan amount or a higher annual percentage rate (APR).
Are online lenders safe?
Many online lenders are safe and legitimate, but it’s important to verify that the company is licensed in your state and has clear rate and fee disclosures. Look for secure websites, transparent terms and recent customer reviews. Avoid lenders that guarantee approval or pressure you to act quickly.
Can I get a personal loan with no origination fee?
Yes, some lenders do not charge origination fees. However, these loans may have slightly higher interest rates to offset the lack of upfront fees. Always compare the APR to understand the total cost of the loan.
How do personal loan rates compare to credit cards?
Personal loan rates are often lower than standard credit card APRs, especially for borrowers with good or excellent credit. Unlike credit cards, personal loans have fixed repayment terms and predictable monthly payments. Credit cards may offer 0% introductory APR periods, which can be cheaper if you pay off the balance before the promotion ends.
Get expert advice on personal loans
When are personal loans a good option for achieving financial goals?
Elaine Luther
Professor, business management, Point Park University
Even the best planners will encounter situations where they need additional funds beyond current savings, including emergency funds. The reasons for obtaining personal loans can be sorted into two categories: needs and wants. Both reasons might be valid, but the bar to go into debt for a want might be higher than for a need. Borrowers should closely evaluate those reasons before making a final decision.
Associate professor, marketing, University of Central Florida
It all starts with assessing your financial situation. Borrowers need to determine how much they can afford to borrow and repay each month without straining their finances. They also need to check their credit score to understand what loan terms they might qualify for. Then they can use loan comparison tools. For example, online loan calculators can be utilized to compare different loan offers based on a borrower’s financial situation.
Associate professor, accounting, North Carolina Agricultural and Technical State University
Personal loans are an excellent tool to consolidate credit card debt. Rates should be lower, and you will be able to choose a defined loan period. However, adding a personal loan to your debt is only a good option if you have the willpower not to use the credit cards you paid off. The best alternative for most people is to close the high interest credit card account and forgo obtaining additional credit cards.
Associate professor, accounting, The University of Rhode Island
Personal loans are not always the best option for all financial situations, however here are some instances when they may be effective:
Consolidating High Interest Debt: Personal loans are especially effective when you have a number of high interest credit cards. Consolidating the credit card debt into a single payment could reduce the overall burden on your budget and result in paying off the debt earlier than if left on the credit cards.
Financing Major Expenses: Personal loans can help cover significant expenses like medical bills, home improvements or other large purchases. If you can’t afford to pay up front, borrowing through a personal loan can help spread out the cost.
What are the best practices for using personal loans responsibly?
Scott Boylan
Professor, accounting, Washington & Lee University
Personal loans must be repaid on time. Failure to do so will hurt your credit score and could prevent you from getting a mortgage or car loan in the future. If you take out a personal loan, it is essential to have a plan to repay it.
It is more responsible to use personal loans for necessary purchases than for discretionary ones. Using a personal loan to pay for a major car repair will allow you to continue to use your vehicle for work. Replacing a broken furnace or water heater is necessary to properly maintain your home. In contrast, if you want to take a fancy vacation or add an expensive guitar to your collection, it might be better to postpone the transaction until you have saved enough to cover the cost without going into debt.
Professor, business management, Point Park University
Beyond evaluating the purpose of the personal loan, borrowers should also fully understand the cost of those loans. In addition, they should research to see if they have other options. There are three main options for obtaining additional funds: credit cards, personal loans, and secured or collateral loans.
Another reasonable option is to explore part-time jobs or other side hustle options to provide additional funds. In some cases, those jobs could be at places where you could use the employee discounts to help you afford projects like new appliances or other home improvement expenditures. Some of these options might require more research than others, but in most cases, borrowers should take the time to explore their options. As part of a good financial plan, it might be a good idea to explore these options even before a specific need arises.
Associate professor, accounting, The University of Rhode Island
Borrow Only What You Need: Remember the budget that you created to determine an affordable monthly payment and stick to it!
Make Timely Payments: This is especially important if you are trying to build or improve your credit.
Take Out One Personal Loan: Taking out multiple personal loans could defeat the purpose of the loan. Pay off one loan at a time before taking out another one (if at all).
How can borrowers repay personal loans while staying financially stable?
Scott Boylan
Professor, accounting, Washington & Lee University
Being able to repay a new personal loan boils down to cash flow. One way to generate cash to repay a loan is to earn more income. For example, you could take a second job or a side hustle.
Another way to increase cash flow is by spending less, which starts with setting a budget. Understand how much you currently spend and look for areas in which you can cut back. If you currently are saving, you could temporarily reduce your savings to cover the monthly payments on the debt. If you rent, consider downsizing to a smaller or more modest apartment when your lease expires. If that isn’t feasible, or if it’s too disruptive, you could cancel subscriptions, dine out less frequently, postpone trips or defer other discretionary purchases. If you find yourself wanting a new outfit, recreational gear or tech toy, make a list and wait a month or two. Then review the list to see whether you still really want what’s on it. Finally, if you are already in debt, you can improve your cash flow by refinancing at a lower rate. Alternatively, you could stretch out the payments, but that is more expensive in the long run.
Assistant professor, accounting, North Dakota State University
Budget, budget, budget! If we want to be financially stable, have money for what we want to do and retire at a reasonable age, we must budget and track our money to ensure we follow that budget. That means we don’t borrow money unless it is a part of our financial plan.
Any personal loans we take must have a well-thought-out purpose. They must give us something we need that we cannot or will not wait for, and they must fit within our budget, so we know we can comfortably make that monthly payment. We must always leave room in our budget for unexpected costs.
Associate professor, accounting, The University of Rhode Island
Devise a Repayment Plan: This plan should be in alignment with your original budget. Stick with the plan to achieve your financial goals.
Start an Emergency Fund: Everyone should have at least 3-6 months of savings that they can tap into for emergencies. Recall the flexibility that you built into your budget.
Adhere to Your Budget: This might mean tightening your belt a bit but remember the long-term plan. A little sacrifice can lead you to achieving your financial goals.
Professor, business management, Point Park University
The most important thing to do is to clearly identify and prioritize all debt repayments. Failure to do this could impact your finances for many years to come.
One way to do this is to identify additional revenue options. Having a part-time job or other side hustle is always a good idea. It helps to have a backup plan. Another strategy is to identify discretionary spending where savings could be made. More consideration should be given to practicing delayed gratification.
How can borrowers determine if a personal loan aligns with their budget?
James Clifton
Assistant professor, accounting, North Dakota State University
I can afford the loan if I have room in my monthly budget. That means I need to prepare a monthly budget to find this answer. A monthly budget tells us how much money we have coming in, how much money is going out and how much money is left at the end of the month.
We can better afford the loan if we can reduce the loan costs, which include any origination fees and the interest rate.
Associate professor, accounting, The University of Rhode Island
Before taking out a personal loan, borrowers need to determine if their budget allows for repayment and how the loan fits into their long-term financial plan. The following are some guidelines:
Review Your Income and Expenses: Before taking out a loan, review your monthly income and expenses. This exercise not only sheds light on your budget but will help determine an affordable monthly payment, if at all.
Compare Loan Terms: The terms are the interest rate, repayment period and fees. For example, a loan with a longer repayment term might have lower monthly payments, however, that often means you’ll be paying more interest over time. Weigh the loan options to see which best suits your budget.
Consider the Unexpected: One cannot predict future changes to income and expense, so be sure that you still have flexibility in your budget to accommodate these changes.
Professor, business management, Point Park University
Having a budget is an essential step in achieving financial responsibility. Knowing how you are spending your money is the first step in planning and controlling it. It will also help you start saving for the long- and short-term emergencies that might arise.
One important metric to track is how much debt you are carrying and what monthly payments are associated with that debt. This is what lenders will use to decide whether they will approve a loan. The level of debt will also be used to determine the total amount that will be loaned and what interest rate will be charged. Other factors impacting a personal loan decision are employment stability, credit scores and loan purpose.
Information in this guide is general in nature and is intended for informational purposes only; it is not legal, health, investment or tax advice. ConsumerAffairs.com makes no representation as to the accuracy of the information provided and assumes no liability for any damages or loss arising from its use.
Methodology
To determine our five top picks, including our pick for the best overall personal loan company, we used a weighted scoring system that took into account both reviews about each company from ConsumerAffairs users and specific company offerings we researched.
We conducted sentence-by-sentence sentiment analysis of thousands of reviews on our site from Feb. 1, 2023, to Jan. 31, 2026 and took into account the number of reviews received in the past six months as well as the company’s response rate to reviews in the past six months. This helped us identify the aspects people care about most — and which companies reviewers were happiest with in terms of these aspects. For personal loans, these included:
Loan process
Customer service
Staff
Punctuality
Rates
We then carefully selected the most important offerings consumers should consider before choosing a lender and researched these offerings at each company. For personal loans, these features included:
Minimum and maximum loan amounts
Lowest APR
Funding time
Credit score requirements
Maximum term length
Matching service
Maximum origination fee
The company with the highest score in each category’s uniquely weighted formula was given the “Our pick for” designation. In some cases where a single company received the top score across multiple categories, the company with the second-highest score was named the winner.
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Loan amounts from $2,000 to $50,000. Select from terms between 36 and 60 months. APR ranges from 8.99% to 35.99%. Requires 600 credit score. Origination fee up to 9.99%. No prepayment penalty.
Loan amounts from $1,000 to $50,000, Payback terms of 24 to 84 months. APR from 7.74% to 35.99%. Origination fee can be up to 9.99%. 1% to 2% rewards on checking account purchases. 4.14% APY on savings accounts with $1,000+.
Loan amounts from $5,000 to $100,000. Offers a 0.5% APR discount for using automatic payments. Rate Beat program for competitor offers. Minimum credit score varies. No fees or prepayment penalties.
Loan amounts from $5,000 to $50,000. Select from 24- to 60-month terms. APR from 8.99% to 35.99%. Requires 620 credit score. Origination fee up to 6.99%. No prepayment penalty.
Loan amounts from $5,000 to $100,000. Select from two- to seven-year terms. APR from 8.74% to 35.49% with discounts included. Minimum credit score requirements vary. No fees required.
Provides personal loans from $3,500 to $40,000. Pay back the loan in fixed payments. APR from 5.99% to 35.99%, with origination fee of 2% to 8% of loan amount. Free credit score monthly. Pause payment for up to 90 days.
Online marketplace for secured and unsecured loans. Free to compare rates and quotes from lenders for mortgages, car loans, personal loans and more. Minimum credit score requirements vary. Available nationwide.
Loan amounts from $1,500 to $20,000. Select from 24-, 36-, 48- or 60-month terms. APR from 18% to 35.99%. Minimum credit score requirements vary. Origination fee up to 10%. No prepayment fee.
Loans from $2,000 to $35,000. Select from 12- to 60-month terms. APR ranges from 9.95% to 35.99%. Most customers have credit score of 600 to 700. No prepayment penalty. Administration fee up to 4.75%.
Loan amounts from $2,000 to $50,000 through peer-to-peer personal loan lending platform. Select 2-5 year term. APRs from 8.99% to 35.99%. Requires credit score of 600. Origination fee from 1%-9.99%. No prepayment penalties.
Personal and business financial services. Checking and savings account options. Lending options. Credit and debit cards. Financial advising and planning. Insurance services. Nationwide and worldwide service area.
California-based credit union offering unsecured and secured personal loans, lines of credit and credit-building loans. Low APRs. Maximum $50,000. No origination fee or prepayment penalty. Late fees are 5% or $15.
Financial services company offering unsecured personal loans in Utah and California. Loan amounts from $5,000 to $25,000. Competitive interest rates. Also handles debt relief, structured settlements and annuity purchasing.
Fast funding for personal loans up to $10,000. Lines of credit available up to $4,500. Rates range from 34% to 99.99%. Not available in all states. Origination fee, cash advance fee and late fees can apply.
Offers DebtAway Loan for debt consolidation and Reload Loan for personal use. Personal loan up to $10,000. APR up to 29.99%. No minimum credit score. Origination fee up to 5%. No prepayment fee.
Free online tools to find personal loans, debt consolidation loans, small business loans and more. Flexible credit score requirements. Maximum APRs vary by state. Available nationwide.
Provides financial services using blockchain technology. Offers home equity lines of credit (HELOCs) and plans to offer lines of credit secured by cryptocurrency. HELOCs not available in DE, HI, KY, MD, NY, TX and WV.
Offers free financial solutions and loan options for nonprime consumers. All educational tools and support are free. Loan costs vary by lender and type. Get pre-qualified without a hard credit check that affects your score.
Loan amounts from $2,000 to $36,500. Select from terms between 24 and 60 months. APR from 9.99% to 35.99%. Flexible credit score requirements. Origination fee up to 6%. No prepayment penalty.
Offers personal loans and debt consolidation loans from $1,000 to $50,000 with fixed rates. Online application and process. Check offers in minutes with no credit impact. Origination fee up to 9.99%. No prepayment penalty.
Loan amounts from $1,000 to $75,000. Select 36- or 60-month term. Estimated rates range from 6.20% to 35.99%. Minimum credit score of 620 to qualify. Origination fee up to 12%. No prepayment penalty.
Offers personal loans from $2,000 to $45,000, with repayment terms of 36 and 60 months. APRs range from 7.727% to 29.99% at publishing. Origination fee from 1% to 6%. Check your loan options without affecting your credit.
Full-service credit union for select counties in Florida. Personal loans, lines of credit and home equity loans. Technology loan for purchasing new tech. Low starting APRs. No application fee or prepayment penalty.
Loan amounts up to $15,000. Select from terms of 18, 24, 36, 48 or 60 months. Maximum APR is 21.99%. Fees vary by state. No penalty for early payoff. Limited availability.
Online marketplace for personal loans. Compiles personalized recommendations based on your application. Loan amounts from $1,000 to $50,000. Claims customers can save 20% on average. APRs, fees and terms vary with each lender.
Personal, auto and debt consolidation loans. Unsecured loans up to $8,000. Collateral requirements based on loan amounts. Maximum APRs vary by state. Not available nationwide.
Loan amounts from $3,500 to $40,000. Select from 36- to 72-month terms. APRs from 6.99% to 19.99%. Minimum credit score varies. No sign-up or prepayment fees.
Offers personal loans from $2,500 to $25,000. Secured and unsecured loans. Terms of two to five years. Next day funding available. Lends in 38 states. Online application and quotes. See estimate without hard credit pull.
Loan amounts from $1,000 to $40,000. Select from three- to five-year terms. APRs from 6.53% to 35.99%. Minimum credit score varies. Origination fee up to 8%. No prepayment fee.
Offers both unsecured and secured loans. The company was founded in 1936 and now has over 200 locations in Alabama, Illinois, Louisiana, Mississippi and Missouri. Explore locations on the company’s website.
Offers online and in-person banking, loans, credit cards and retirement accounts. Easy to waive checking and savings account fees. Increased benefits as your account balance grows. Cash-back and airline mile credit cards.
Australia-based buy now, pay later app. All users start with a maximum $600 borrowing limit. Terms from six weeks to one year. No interest on pay-in-4. Up to 34.99% APR on longer terms. No origination fees. Late fees up to $8.
Mobile banking app solution. Get a spending account with no credit checks or minimum balance requirements. Membership fee is $1 per month. No overdraft fees and no ATM fees at 32,000 ATMs. Early access to direct deposit funds.
Buy now, pay later app. Interest rates from 0% to 36%, depending on creditworthiness and repayment term. Loans up to $20,000, or up to $30,000 with a down payment. Terms from eight weeks to 12 months. No fees.
Loan amounts from $1,000 to $47,500. Select from terms between 12 and 60 months. APR is from 4.99% to 29.99%. No minimum credit score. No administration fee and no prepayment penalty. Limited availability.
Offers personal loans to consolidate credit card debt. APRs are as low as 5.99%. Get one fixed monthly payment over a two- to five-year repayment term. Electronically transfers most funds within five days.
Offers buy now, pay later plans. Requires only soft credit check. Some options interest-free. APRs from 0% to 35.99%. Financing for six to 24 months. Convenient mobile app. Earn cashback. Accepted with over 700,000 merchants.
Offers buy now, pay later plans with no interest. Flexible payment options. Down payment required on most plans. Instant approval decisions with soft credit check. Charges a service fee of up to $7.49 per purchase.
Personal loans for medical expenses and home renovations. Rates, terms and loan amounts vary with participating providers. Funds sent directly to your provider. No fees required. Pre-qualification available with no credit impact.
Credit union offering personal loans up to $50,000. No origination fees or prepayment penalties. Late fees of $29. Low APRs. Only one loan option. Must be a PenFed member, but membership is open to anyone in the U.S.
Regional bank serving 11 Midwestern and Southeastern states. Secured and unsecured personal loans and lines of credit up to $500,000. Low interest rates. No closing costs or prepayment fees. Loan repayment terms up to five years.
Offers personal loans for $500 to $50,000, with repayment terms of 24 to 84 months. APRs range from 6.70% to 18.00% at publishing. No origination fees. Check your loan options without affecting your credit.
Buy now, pay later (BNPL) company. Spending limits based on income. Customers can use credit card or shop the online marketplace for purchases. Monthly fee required for credit card. No hard credit check.
Large national bank offering unsecured personal loans, home improvement loans and debt consolidation loans. Low APRs. No fees except for late fees. High maximum loan amounts but also high minimums. Terms up to 84 months.
Online personal loan lender. Fast funding for personal loans up to $35,000. Loan minimums in some states. Not available in all states. Origination fee but no prepayment penalty. Check rates online without credit impact.
Credit union offering unsecured personal loans, home improvement loans and lines of credit. Low interest rates. Fee-free. Available to residents of Washington and some Oregon and Idaho counties. Loan approvals within 24 hours.
Offers unsecured personal loans and secured loans using car titles. Unsecured loans range from $300 to $10,000, and secured loans go up to $20,000. Repayment period from 12 to 48 months. 41-state availability.
Digital lender offering short-term personal loans up to $500. No late fees. Extremely high interest rates. Easy application process with funds deposited in one hour. No credit check. Available in 21 states.
Bank-issued personal loans for military service members and their families. Low interest rates and high loan amounts. Wide range of repayment terms. Fee-free. Receive funds within two days. Autopay discount.
Offers online installment loans and lines of credit up to $5,000. Maximum APRs vary by state. Requires minimum monthly income of $1,000. Not available nationwide.
Free service that connects users with lenders for personal loans and student loan refinancing. Amounts, terms, rates and requirements vary by lender. Savings accounts, life insurance and credit card options also available.
Unsecured personal loans for existing cardholders. Loan amounts from $3,500 to $40,000. APR and repayment terms not disclosed. No origination fee or prepayment penalty. Can only apply via preapproval from your Amex account.
Loans, credit cards and lines of credit to borrowers with poor or no credit. Funds deposited in two days or less. Promises “fast and easy” process. No public information available on terms, rates or loan amounts.
Credit union serving Texas and New Mexico. Unsecured, secured and payday alternative loan options. Low rates. Terms available from six to 120 months. No application fee; other fees aren’t disclosed. Allows co-borrowers.
Fintech company offering direct personal loans and loans through banking partners. Requirements, rates and terms vary based on lender. Available nationwide.
Regional bank serving 15 states. Offers unsecured and secured personal loans and unsecured lines of credit. Minimum loan amount $2,000. No origination fees. Interest rates vary based on region. Secured loans require appointment.
Full-service bank serving the Northeast. Offers both secured and unsecured loans, as well as savings accounts, credit cards and insurance. No origination or application fees. Low APRs. Fast funding in 24 hours.
Credit union offering personal loans plus other banking services to California educators, staff and families. Unsecured loans, overdraft protection loans and payday alternative loans. Competitive APRs. Low loan minimums.
Financial technology company for credit improvement. Offers budget-friendly credit-builder loans and secured credit card for customers with bad credit. Reports to all three credit bureaus. Charges fees and interest.
Online lender marketplace. Personal loans and student loan refinancing. Terms up to 84 months on loans from $1,000 to $100,000. 650 minimum credit score. Check rates with no hit to credit. APRs ranging from 8.99% to 35.99%.
Buy now, pay later service. Use your own credit card. Spending caps based on existing credit limit. No credit check required. Added charges apply to some purchases. Financing option not available in all states.
Nationwide credit union. Offers both unsecured and secured personal loans and lines of credit. Emergency loans up to $1,000. Competitive APRs. Terms up to 84 months. No prepayment penalties. Must become a member.
Full-service digital banking platform. FDIC-insured. Technology-driven online website and mobile application. No annual or monthly maintenance fees. Personal banking. Small business and commercial banking. ATM fee reimbursement.
Offers personal loans from $2,500 to $35,000, with repayment terms of 36 to 84 months. Rates range from 6.99% to 24.99% APR at publishing. No origination fees. Check your loan options without affecting your credit.
Online marketplace for small business loans. Secured loans and lines of credit through investors. Up to $500,000 per business. Terms between six months and seven years. No prepayment penalty. Available in all 50 states.
Loan amounts from $2,000 to $100,000. Secures loans in as little as 24 hours. Call to start an application if you don’t have an eligibility ID. Check your rate without affecting your credit score. Limited availability.
Online marketplace for personal loans between $2,000 and $50,000. APR from 2.49% to 35.99%. Select from terms between 61 days and 180 months. Origination fee up to 8%.
