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Credible personal loans review

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Loans up to $100,000 — but from a limited selection of lenders.

finder.com’s rating: 4.34 / 5.0

★★★★★

Bottom line: Credible is best for busy customers looking for high loan amounts who don’t mind comparing offers from a more limited selection of lenders than they might find elsewhere.

$100,000

Max. Loan Amount

2.49% to 35.99%

APR

Fair to excellent credit

Min. Credit Score

Details

Product NameCredible personal loans
Min. Loan Amount$1,000
Max. Loan Amount$100,000
APR2.49% to 35.99%
Interest Rate TypeFixed
Min. Credit ScoreFair to excellent credit
Loan Term2 to 7 years
Turnaround TimeAs soon as 1 business day
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Pros

  • One form to view multiple offers
  • Best Rate Guarantee
  • Low potential APR of 2.49%

Cons

  • Limited selection of lenders
  • May receive multiple marketing calls and emails from lenders
  • Some affiliate lenders charge fees to borrow

Expert review

Aliyyah Camp

Review by


Aliyyah Camp is a writer and personal finance blogger who helps readers compare personal, student, car and business loans. Aliyyah earned a BA in communication from the University of Pennsylvania and is based in New York, where she enjoys movies and running outdoors.

Expert review

Credible is ideal if you want to compare several personalized loan offers at once, and avoid some of the stress of hunting for a good loan. Its network of lenders work with a broad range of credit scores and offer high amounts with competitive rates. It’s also relatively fast — you might receive your funds in one to two business days after approval.

But it can be somewhat limiting because of the small size of its network. And former users have complained of multiple phones calls from lenders after providing their contact information.

Credible rates, fees and terms

Credible doesn’t charge a fee for its service. The lenders in its network fund loans between $1,000 to $100,000, and APR ranges anywhere from 4.99% to a high 35.99%. Terms vary widely, so the cost to borrow will depend on the lender you choose to go with.

You can use the calculator below to estimate your monthly payment to be sure the lenders you’re connected to are affordable for your budget.

Monthly repayments calculator

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How Credible compares to other providers

Different connection services can get you different results. Here’s how two of Credible’s top competitors stack up when it comes to the types of loans its partners offer and requirements.

How to qualify

Credible doesn’t list exact requirements on its website, but you will need to meet these basic requirements to qualify with a lender in its network:

  • At least 18 years old
  • Active checking account
  • US citizen or permanent resident

Credible reviews and complaints

BBB accredited Yes
BBB rating A+
BBB customer reviews 2 out of 5 stars, based on 1 customer reviews
Trustpilot Score 4.7 out of 5 stars, based on 3,988 customer reviews
Customer reviews verified as of 12 October 2020

Customers are mostly pleased with how easy it was to find great rates using Credible’s service. But some are unhappy with how many phone calls they received after providing their contact information — a common complaint for online marketplaces and connection services.

Case study: Rhys’ experience

Rhys Subitch
Loans Editor

Credible really helped save my bacon. I put off doing my taxes to deal with moving and was hit with the unfortunate surprise that I needed to pay $1,500 more than was originally estimated. Given it was less than a week before tax day, I quickly started sorting through my options and came to the decision that a personal loan would be the easiest to deal with.

To avoid taking even more time checking if I prequalified for a personal loan one lender at a time, I used Credible. It’s how I found a loan in the right amount, at a rate I could manage and with a lender that doesn’t charge early payoff fees. I applied for the loan the same night, was approved and saw the funds hit my account two days later.

How it works

To get connected with a personal loan provider through Credible, you have to fill out a short online form and create an account.

After you do this, Credible scans its network of lenders to find any loan you may qualify for. If you’re connected, you’ll be redirected to the lender’s website to finalize your application and learn your approval status. If not, Credible may suggest a partner lender that you could still qualify for.

What sets it apart?

Credible’s simple interface makes it easier than other similar marketplaces to prequalify with multiple lenders at once and make a quick comparison. It’s best for when you’re in a time crunch or otherwise don’t have access to a loan from your bank — which might be less expensive but can take weeks to fund. And if you manage to find a better deal elsewhere, you could qualify for $200 through its best rate guarantee program.

Want to explore other options? Compare more connection services and consider a direct lender before making your final decision.

Frequently asked questions

See other personal loan options

Data updated regularly
Name Product Filter Values APR Min. Credit Score Max. Loan Amount
Best Egg personal loans
5.99% to 29.99%
600
$50,000
A prime online lending platform with multiple repayment methods.
Credible personal loans
2.49% to 35.99%
Fair to excellent credit
$100,000
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%
None
$100,000
Quickly compare multiple online lenders with competitive rates depending on your credit.
Fiona personal loans
4.99% to 35.99%
Good
$100,000
Get loan offers from multiple lenders at once without affecting your credit score.
Upstart personal loans
8.27% to 35.99%
580 or 600 depending on state of residence
$50,000
This service looks beyond your credit score to get you a competitive-rate personal loan.
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We analyze top personal loan providers and rate them one to five stars based on factors that are most important to you. These factors include: rates and fees, customer reviews, loan amounts, loan processing and borrower experience.

Read the full methodology of how we rate personal loan providers.

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