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Compare 3-year fixed rate personal loans

Take your next financial step and pay it off with a competitive fixed-rate loan.


Whether it be money to refurnish your home, buy a used car or just some extra cash to fund a big vacation, you could consider a three-year term loan. Find out how these loans work, how much they cost and how to compare them.

Top personal loans with three-year repayment terms

Data indicated here is updated regularly
Name Product Loan Term Requirements
LendingClub personal loans
3 to 5 years
US citizen or permanent resident, verifiable bank account, steady source of income, ages 18+.
Prosper personal loans
3 or 5 years
Must be 18+ years old, an American citizen or US permanent resident and have a 640+ credit score, not a resident of Iowa or West Virginia.
SoFi personal loans
24 to 84 months
Ages 18+, US citizen or permanent resident
Even Financial personal loans
2 to 7 years
Minimum credit score of 550, American citizen or permanent resident, At least 21 years old

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How do three-year personal loans work?

A three-year personal loan is one you repay with regular monthly payments over 36 months. When you apply for a fixed-rate personal loan, the rate applied to your loan when you sign the contract remains the same throughout the entire loan term. Many lenders offer personal loans with a fixed rate term of three years. Another common repayment term is five years.

These loans can be secured or unsecured and fees and restrictions differ depending on the lender. You may be subject to early repayment fees or fees for making additional repayments.

What types of loans can I get with a three-year term?

Three-year fixed rate loans can be used for various purposes and there are a few different types available including:

  • Secured personal loans. If you’re considering a secured personal loan, think about using the equity in your home, money in a savings account or any other valued asset — fine art or jewelry — as security for the loan.
  • Unsecured personal loans. This type of loan requires no secured asset and can be used for nearly anything from consolidating debt to making a large purchase.
  • Car loans. When buying a new or used car you’ll find various options for three-year fixed loans. For example, if the loan is secured you should be able to lock in a more competitive rate.

How can I compare my three-year fixed rate options?

If you’re certain that a three-year fixed rate loan is right for you, the next step is to compare all of your options to get the best deal possible. Here are some features to look out for when comparing:

  • Interest rate. You’ll be locked into this interest rate for three years, so be sure it’s competitive. Also, secured loans tend to have better rates than unsecured loans — keep in mind that you’re risking an asset if you fail to make payments on a secured loan.
  • Upfront and ongoing fees. Are there any application or origination fees? Will you be charged monthly or annual fees? Always calculate the true cost of the loan by incorporating interest rates and fees.
  • Other fees. Find out before you apply if your loan will attract fees for making additional payments or repaying the loan ahead of time.
  • Eligibility. Factors vary by lender, but a few things that may be taken into consideration are your credit history, debt-to-income ratio, annual income and employment.

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How much will I pay with a three-year fixed rate loan?

In order to budget properly, you’ll have to examine how much your loan will cost you depending on different interest rates and the amount you plan on borrowing. Here’s how much your estimated monthly payment could be on a three-year loan with different loan amounts and interest rates:

Loan amount 5% APR 10% APR 15% APR 20% APR
$5,000 $149.85 $161.34 $173.33 $185.82
$10,000 $299.71 $322.67 $346.65 $371.64
$15,000 $449.56 $484.01 $519.98 $557.45
$20,000 $599.42 $645.34 $693.31 $743.27

Pros and cons to consider before applying


  • You can lock in a competitive rate.
  • Shorter loan terms can help keep your repayments low depending on how much you borrow.
  • A wide range of lenders offer three-year fixed rate personal loans, so you have many loans to compare.


  • If market conditions improve, you won’t benefit from lowered repayments like you would with a variable rate loan.
  • You may pay a fee to pay back your loan early or make additional repayments.
  • If your situation changes and you need to switch to a loan with a longer loan term, you’ll typically pay a fee.

Compare more personal loan options

Data indicated here is updated regularly
Name Product Filter Values APR Min. Credit Score Max. Loan Amount
Credible personal loans
4.99% to 35.99%
Fair to excellent credit
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
Monevo personal loans
3.49% to 35.99%
Quickly compare multiple online lenders with competitive rates depending on your credit.
Fiona personal loans
4.99% to 35.99%
Get loan offers from multiple lenders at once without affecting your credit score.
LendingTree personal loans
Starting from 2.49%
Good to excellent credit
Receive up to five loan offers in just minutes through LendingTree's simple online form.
SoFi personal loans
5.99% to 18.28%
A highly-rated lender with competitive rates, high loan amounts and no fees.
NetCredit personal loans
34% to 155%
No minimum
Check eligibility in minutes and get a personalized quote without affecting your credit score.
LightStream personal loans
Good to excellent credit
Borrow up to $100,000 with low rates and no fees.
Even Financial personal loans
4.99% to 35.99%
Get connected to competitive loan offers instantly from top online consumer lenders.

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