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Earnest personal loans review

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Put your financial security to work and get low rates.

Earnest specializes in loans meant for those with an extensive — and positive — credit history. It offers competitive rates and large loan amounts. But you’ll need to qualify, and the short loan terms might make your monthly payments difficult to manage.


Max. Loan Amount

5.99% to 17.24%



Min. Credit Score


Product NameEarnest Personal Loans
Min. Loan Amount$5,000
Max. Loan Amount$75,000
APR5.99% to 17.24%
Interest Rate TypeFixed
Min. Credit Score660
Minimum Loan Term3 years
Maximum Loan Term5 years
Turnaround Time1 to 2 business days
Go to Earnest's website

An Earnest personal loan might be best if…

  • You have good credit. You need a 680 credit score just to meet its minimum requirements — and it doesn’t take cosigners.
  • You have a steady job. Earnest considers your work history — and education — when you apply for a loan.
  • You have an emergency fund. You must have enough money to cover at least two months of expenses to qualify.

What makes Earnest personal loans unique?

Personal loans from Earnest are reserved for those who have a firm grasp on their finances. The good side of rigorous qualifications is that there’s less risk associated with the borrowers. That means if you get in, the rates could be lower than you might see with other lenders.

Earnest streamlines its application process to make the experience easier on you, with a complete in-house team to take care of questions or problems you might face.

What are Earnest personal loans?

You can borrow between $5,000 to $75,000, with APRs ranging from 5.99% to 17.24%. Terms can be 3 years to 5 years. You’ll also likely see the funds hit your account just 1 to 2 days after signing the agreement.

Earnest provides unsecured loans for pretty much any legitimate purpose. Whether it’s furthering your career or paying for your big day, you can likely use the funds from an Earnest personal loan to finance it.

Its loans are unsecured, so you don’t have to worry about fussy collateral paperwork. You also might be able to take out a loan even if you aren’t a permanent resident of the US.

Compare Earnest to other top online lenders

Updated November 14th, 2019
Name Product Filter Values APR Min. Credit Score Max. Loan Amount
3.84% to 35.99%
Good to excellent credit
Get loan offers from multiple lenders at once without affecting your credit score.
5.95% to 35.99%
Fair to excellent credit
Get personalized rates in minutes and then choose a loan offer from several top online lenders.
6.98% to 35.89%
Affordable loans with two simple repayment terms and no prepayment penalties.
3.99% to 35.99%
Quickly compare multiple online lenders with competitive rates depending on your credit.
6.49% to 17.99%
With over 80 years of lending experience, this credit union offers personal loans for a variety of expenses.
34% to 155% (Varies by state)
Check eligibility in minutes and get a personalized quote without affecting your credit score.
6.95% to 35.89%
A peer-to-peer lender offering fair rates based on your credit score.
3.84% to 35.99%
Get connected to competitive loan offers instantly from top online consumer lenders.
5.99% to 17.88%
No fees. Multiple member perks such as community events and career coaching.

Compare up to 4 providers

What are the benefits of Earnest personal loans?

  • Low rates. Being choosy has its advantages. In this case, it results in interest rates that are competitive when compared to other lenders, even some banks.
  • Service from application to payoff. Earnest hosts a team that’s completely in-house. Reliable service means an easier time getting answers and smoothing out any bumps along the road.
  • Repayment tailored to you. Data-driven underwriting allows Earnest to help fit a loan to your budget. You’re also able to increase your payments and make extra ones at any time from your online dashboard or its mobile app.
  • No fees. This one is exactly what it says on the tin: no origination or early repayment fees as well as no fees for your method or means of repayment.
  • Easy-to-use app. You can make adjustments to your loan and keep track of your repayments by downloading the Earnest App.

What to watch out for

Offering exclusive rates and no fees comes at a cost. But you’ll want to keep an eye on a few factors when comparing Earnest to other lenders.

  • Exclusive. A strength and a weakness — with stringent requirements come great rates, but also lower acceptance for those without near-perfect histories. Earnest recommends having enough savings to pay for at least one month of expenses.
  • Not available everywhere. Earnest doesn’t offer loans to those living in Delaware, Kentucky or Nevada.
  • Limited term options. Your monthly payment may be higher because of Earnest’s shorter terms. But while this may put more strain on your budget, it could result in you paying less interest when compared to loans with longer terms.
  • Processing time. It currently takes three to four days for Earnest to process personal loan requests. If you’re in a hurry to get funding, you may want to consider other options.
  • Limited uses. Need help paying for college? Starting a business. Buy real estate? You can’t use an Earnest loan for any of these purposes.
  • No cosigners. Earnest doesn’t allow borrowers to apply with a cosigner on any of its loans.

Am I eligible?

Before you apply with Earnest, make sure you meet the minimum requirements.

  • 680+ credit score
  • Proof of consistent income
  • Live in any state except Delaware, Kentucky or Nevada
  • US citizen or 10-year permanent resident
  • 18+ years old

The lender also specifies guidelines that range from increasing bank account balances to not getting regularly dinged for late, overdraft or nonsufficient funds fees.

What do I need to apply?

Visit Earnest’s website and then click Get Your Loan. From there, you’ll complete the details of why you want the loan and how much you’re requesting. You’ll also supply information about your education, employment, financial and personal details.

Remember that when you submit your application, you will undergo a hard credit pull. If you’re approved and accept the offer, you could get funded in as little as one to two business days.

I got the Earnest personal loan. Now what?

You’ve proved your creditworthiness and financial acumen with a funded loan. Now it’s time to keep on that trend of careful money management.

When you agreed to take the loan, you should have been asked if you’d wanted to enroll in autopay. If you didn’t set it up but want to now, you can enroll through your Earnest online account.

Just go look under your Loan Details and select Enroll in Autopay. You can change your autopay schedule for payments every two weeks, rather than monthly.

Bottom line

Get rewarded for your steadfast dedication to fiscal responsibility with low rates on the loans you need through Earnest. However, shorter repayment terms and strict requirements may mean that Earnest isn’t right for you. You can always compare other lenders to find a better fit if needed.

Frequently asked questions

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  1. Default Gravatar
    October 12, 2018

    Hello ! Can I get a loan of 5,000 dollar and to pay it back in 1 year?

    • Default Gravatar
      October 12, 2018

      Hi Lorein,

      Thanks for leaving a question on finder.

      You may be eligible for a 5000$ loan and pay it back in minimum 3 years loan term up to 5 years with Earnest. Unfortunately, 1 year is not an option but you can still discuss with them if it’s possible. Before you apply with Earnest, make sure you meet the minimum requirements.

      1. You must be at least 18 years old.
      2. You must be an American citizen; permanent resident of the US; have a TN, E, O or H1B Visa; or have an F1 Visa and a 17- or 24–month STEM OPT/EAD.
      3. You must not reside in Alabama, Delaware, Kentucky, Nevada or Rhode Island.

      The website also specifies guidelines that range from increasing bank account balances to not getting regularly dinged for late, overdraft or non-sufficient funds fees. To apply for a loan with them, please go to their website.

      Please send me a message if you need anything else. :)


  2. Default Gravatar
    July 3, 2018

    I have bad credit but make decent money and need a loan. is this a possibility?

    • Default Gravatar
      July 4, 2018

      Hi Ricky,

      Thanks for leaving a question on finder.

      For Earnest Personal loan, you will need credit score of at least 660 to be eligible. If you are looking for a personal loan even with bad credit, you can click HERE.


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