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CircleBack Lending personal loan alternatives

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This peer-to-peer lender is no more. Find out where you might want to look instead.

CircleBack Lending was an online peer-to-peer lender that provided personal loans to borrowers with good to excellent credit. It offered a simple application with funding as fast as the next business day. It also had rave reviews on Trustpilot before it shuttered its virtual doors in 2016. Here are five lenders you might want to look into instead.

Credible Personal Loans

Our top pick: Credible

Quickly get personal loan offers from top online lenders.

  • Minimum Loan Amount: $1,000
  • Maximum Loan Amount: $100,000
  • Loan Terms: 2–7 years
  • One simple form
  • Must have good to excellent credit

    Why doesn’t CircleBack Lending offer personal loans anymore?

    CircleBack Lending stopped offering personal loans in October 2016 after the peer-to-peer platform ran out of funding. Media reported that it had lost more money than expected after several customers defaulted on their personal loans.

    Since it shuttered, CircleBack Lending took down its website, though some customers have reported making repayments by auto debit or over the phone.

    Don't confuse CircleBack Lending with CircleBackLending.net

    While the online peer-to-peer lender might have closed, an online short-term loan connection service with a similar name — CircleBackLending.net — is still around. Though it offers personal loans that might seem similar, its bread and butter are payday loans.

    Short-term loans are designed for poor-credit borrowers who need emergency funds and often come with high rates. A loan from CircleBackLending.net might not be the best choice if you’re looking for the type of loan that CircleBack Lending offered.

    5 CircleBack Lending alternatives

    Looking for something like the personal loans CircleBack Lending offered? Check out these five providers.

    1. Best for peer-to-peer loans: LendingClub

    • Loan amounts: $1,000 to $40,000
    • APR range: 6.95% to 35.89%
    • Loan terms: 3 to 5 years
    • Eligibility: US citizen or permanent resident, verifiable bank account, steady source of income, be 18+ years old.

    LendingClub is another pioneering peer-to-peer lender that offers personal loans for borrowers with excellent credit. It’s also one of the few peer-to-peer platforms that allows you to apply with a cosigner if you can’t qualify for a competitive rate on your own.

    Its loans aren’t available to residents of Iowa, and it’s also not fast — it can take as long as a week for investors to disburse your funds.

    2. Best for career support: SoFi

    • Loan amounts: $5,000 to $100,000
    • APR range: Fixed rates: 6.99% to 14.87% with autopay; variable rates: 6.26% to 13.99% with autopay
    • Loan terms: 3 to 7 years
    • Eligibility: At least 18 years old, US citizen or permanent resident.

    You might have heard of SoFi’s student loan refinancing. But this direct online lender also offers personal loans built for borrowers with good or excellent credit building their careers. On top of offering competitive rates and no fees, SoFi borrowers can take advantage of several perks, including career coaching and an entrepreneur program. SoFi personal loans aren’t available to residents of Mississippi, and rates and loan amounts may vary by state.

    3. Best for borrowers with strong finances: Earnest

    • Loan amounts: $5,000 to $75,000
    • APR range: 6.99%–14.24%
    • Loan terms: 3–5 years
    • Eligibility: At least 18 years old, US citizen or permanent resident, credit score of at least 680, consistent source of income

    Earnest is an online direct lender that offers personal loans to customers with strong personal finances. While you need at least good credit to get approved, Earnest also takes into consideration factors like your employment and savings history.

    Earnest personal loans aren’t available to residents of Alabama, Delaware, Kentucky, Nevada or Rhode Island. The lender also doesn’t allow borrowers to check their rates based on a soft credit pull that won’t affect their credit score.

    4. Best for seamless prequalification process: Upgrade

    • Loan amounts: $1,000 to $50,000
    • APR range: 6.99% to 35.97%
    • Loan terms: 3 to 5 years
    • Eligibility: At least 18 years old, US citizen or permanent resident, verifiable bank account, valid email address

    Upgrade is an online marketplace that offers personal loans and lines of credit. Its prequalification process is quick and easy, and you can typically get funding as soon as the next business day. You can also track your credit score through its free online credit monitoring tools to get alerts and tips on how to keep your credit healthy.

    Its personal loans aren’t available to residents of Connecticut, Colorado, Iowa, Maryland, Vermont or West Virginia, and loan amounts may vary by state.

    5. Best for debt consolidation: Marcus by Goldman Sachs

    • Loan amounts: $3,500 to $40,000
    • APR range: 6.99% to 24.99%
    • Loan terms: 3 to 6 years
    • Eligibility: Age of majority in your state, valid Social Security number or taxpayer ID, valid US bank account

    Marcus by Goldman Sachs is another online direct lender that provides personal financing to borrowers with good to excellent credit. It specializes in debt consolidation by offering fixed rates and a deferment perk, though borrowers can use its loans for any legitimate purpose.

    Like SoFi, Marcus doesn’t charge any fees and rewards customers who’ve made a year of on-time payments with a chance to apply for interest-free deferment. It also offers a discount to servicemembers, with rates starting as low as 4%. Its personal loans aren’t available to residents of Maryland.

    Compare more personal loan providers

    Rates last updated November 18th, 2018

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    Unfortunately, none of the personal loan providers offer loans for that credit score. If you are in urgent need of a small loan, you might want to consider a short term loan.
    Name Product Product Description Min. Credit Score Max. Loan Amount APR
    Monevo Personal Loans
    Quickly compare multiple online lenders with competitive rates depending on your credit score.
    550
    $100,000
    3.34% to 35.99%. (fixed)
    Credible Personal Loans
    Get personalized rates in minutes and then choose a loan offer from several top online lenders.
    Good to excellent credit
    $100,000
    4.99%–36% (fixed)
    LendingClub Personal Loan
    A peer-to-peer lender offering fair rates based on your credit score.
    660
    $40,000
    6.95% to 35.89% (fixed)
    SoFi Personal Loan Fixed Rate (with Autopay)
    No fees. Multiple member perks such as community events and career coaching.
    680
    $100,000
    6.99% to 14.87% (fixed)
    NetCredit Personal Loan
    Check eligibility in minutes and get a personalized quote without affecting your credit score.
    550
    $10,000
    34%–155% (Varies by state) (fixed)
    Marcus by Goldman Sachs Personal Loans
    Consolidate your debt or pay off large expenses with competitive rates and no fees.
    Good to excellent credit
    $40,000
    6.99% to 24.99% (fixed)
    Even Financial Personal Loans
    Get connected to competitive loan offers instantly from top online consumer lenders.
    580
    $100,000
    4.99%–35.99% (fixed)
    Avant
    Conveniently check your loan options without affecting your credit score.
    580
    $35,000
    9.95%–35.99% (fixed)
    OneMain Financial Personal and Auto Loans
    An established online and in-store lender with quick turnaround times. Poor credit is OK.
    Varies
    $30,000
    16.05%–35.99%* (fixed)

    Compare up to 4 providers

    Bottom line

    CircleBack Lending might not offer personal loans anymore, but that doesn’t mean you’re out of similar options. Not sure you want to go with any of these lenders? Check out our personal loans guide to compare even more personal loan providers and learn how it all works.

    Frequently asked questions

    Anna Serio

    Anna Serio is a staff writer untangling everything you need to know about personal loans, including student, car and business loans. She spent five years living in Beirut, where she was a news editor for The Daily Star and hung out with a lot of cats. She loves to eat, travel and save money.

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    US Personal Loans Offers

    Important Information*
    Credible Personal Loans

    Get personalized rates in minutes and then choose a loan offer from several top online lenders.

    Monevo Personal Loans

    Quickly compare multiple online lenders with competitive rates depending on your credit score.

    LendingClub Personal Loan

    A peer-to-peer lender offering fair rates based on your credit score.

    SoFi Personal Loan Fixed Rate (with Autopay)

    No fees. Multiple member perks such as community events and career coaching.

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    US Personal Loans Offers

    Important Information*
    Credible Personal Loans

    Get personalized rates in minutes and then choose a loan offer from several top online lenders.

    Monevo Personal Loans

    Quickly compare multiple online lenders with competitive rates depending on your credit score.

    LendingClub Personal Loan

    A peer-to-peer lender offering fair rates based on your credit score.

    SoFi Personal Loan Fixed Rate (with Autopay)

    No fees. Multiple member perks such as community events and career coaching.

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