Compare lenders offering joint application personal loans |

Compare your joint application personal loan options

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Share equal responsibility for payments and get your application over the line.

Whether you’re looking to finance a car, home renovations or a vacation, there isn’t only one way to secure that financing. Applying for a personal loan as part of a joint application could help you tick more eligibility boxes than you could on your own. It’s also a way for you and your partner to assume equal financial responsibility for a large purchase.

Find out which lenders offer joint applications and how they work.

Credible Personal Loans

Our top pick: Credible

Quickly get personal loan offers from top online lenders.

  • Minimum Loan Amount: $1,000
  • Maximum Loan Amount: $50,000
  • Loan Terms: 2–5 years
  • One simple form
  • Must have good to excellent credit

    Compare lenders that allow joint applications

    Rates last updated September 21st, 2018

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    Name Product Product Description Min. Credit Score Max. Loan Amount APR
    LendingClub Personal Loan
    A peer-to-peer lender offering fair rates based on your credit score.
    6.16%–35.89% (fixed)
    FreedomPlus Personal Loans
    Consolidate debt and more with these low-interest loans. Cosigners welcome.
    4.99%–29.99% (fixed)
    OneMain Financial Personal and Auto Loans
    An established online and in-store lender with quick turnaround times. Poor credit is OK.
    16.05%–35.99%* (fixed)
    Laurel Road Personal Loans
    Get a personal loan with no application or origination fees and a rate discount for autopay.
    5.5%–11.74% (fixed)

    Compare up to 4 providers

    What other lenders offer joint applicant personal loans, and are there any conditions?

    Lender Joint applications accepted? Eligible loan types What conditions are there?
    Avant transparent-red-cross N/A N/A
    Bank of America transparent--green-tick Auto refinance Required documentation includes: W-2s (for the last 2 years); recent pay stubs (two most recent consecutive); bank statements for all financial accounts, including investments (for the last 2 months, all pages); signed personal and business tax returns (all pages and relevant schedules); a copy of most recent quarterly or year-to-date profit/loss statement (if self-employed); most recent monthly statement for any mortgage, home equity loan or line of credit (if you own a home)
    Citibank transparent-red-cross N/A N/A
    Chase Bank transparent--green-tick Auto loans You’ll need to provide personal information (including name, Social Security number, date of birth), contact information and current employment and income information for each person applying.
    LendingClub transparent--green-tick All borrowing reasons The lender will consider both of your qualifications, including but not limited to, credit scores, income, debt-to-income (DTI) ratio and credit history. You and the joint applicant will be equally responsible for repaying the loan and the lender will consider both of your qualifications in the application process.
    OneMain Financial transparent--green-tick Secured and unsecured personal loans When the income or assets of a person other than the main applicant is being used as a basis for the loan qualifications, co-applicant information must also be provided. Co-applicant information is also required if the property being used for security on a secured loan is jointly owned.
    Prosper transparent-red-cross N/A N/A
    SoFi transparent-red-cross N/A N/A
    TD Bank transparent-red-cross N/A N/A
    Upstart transparent-red-cross N/A N/A
    US Bank transparent-red-cross N/A N/A
    Wells Fargo Bank transparent--green-tick Auto loans, Home equity finance A co-applicant can be a spouse, partner, relative, family friend, or another who shares the loan responsibility with you.

    How to apply for a personal loan with a joint applicant

    You and the person you’re applying with will provide personal, employment and financial details as part of the application. This may be done in one application or in separate sections. The lender will consider the application details as a whole when considering both your eligibilities for the loan.

    4 loan features to know before you apply

    Before you start your application, there are a few things to consider:

    • If you are approved, you will assume equal responsibility for the loan with the person you are applying with. This means if either one of you becomes unable to repay, the other is still responsible for the entire repayments.
    • Both applicants will need to collectively meet the criteria for the personal loan.
    • You may be eligible for a higher loan amount when submitting a joint personal loan application. It’s important not to take on more of a loan than you need or can afford, even if you are approved for it.
    • Joint personal loans are a serious responsibility. Consider the relationship you have with the person you’re applying with and their financial situation. Is their job stable? What is their credit history like? Are they likely to default? These are the things you may need to think about when taking on the responsibility of a loan.

    What are the benefits of applying with another person?

    Joint application loans can be a viable option for several reasons:

    • Increase your chances of approval. If you are on a lower income, self-employed or just want to bolster your application, a joint personal loan can be a way to do it. The details of both applicants will considered by the lender.
    • Share an asset. If you’re planning to share the asset you’re purchasing, such as buying a car with your partner, a joint application could make more sense than one of you applying by yourself. Consider your own personal situation to decide what will work best for you.
    • Be eligible for a larger loan. You may be eligible for a larger loan if you apply with a partner. As you both agree to manage the repayments, the lender will consider the income and financial situation of both applicants when deciding how much to lend you.
    • Consolidate large debts. If you and your partner have large debts separately, you can both save by applying for a joint debt consolidation personal loan. You can split the monthly repayment according to how much debt you contributed to the loan and benefit from the reduced interest and fees.

    Find out the difference between a joint applicant and a cosigner

    Bottom line

    Joint personal loans can be a convenient option for people who want to share equal responsibility in a large purchase. It can also help bolster your application and chance of approval if you have a lower income or otherwise don’t meet all of the lender’s eligibility requirements on your own. It’s important to think about who you are entering into the agreement with, both you and their ability to manage the loan, and whether you’re taking on the right loan for the both of you.

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    2 Responses

    1. Default Gravatar
      BrendaApril 4, 2018

      Looking for a place to add a coborrower, a lot of loan companies say they accept them but when applying, there is no place for it. Can you help? Looking for 10,000 total

      • finder Customer Care
        AshApril 5, 2018Staff

        Hi Brenda,

        Thank you for reaching out to us and we are saddened about your loss.

        You may check this page for Personal Loans wherein Lenders accepts Cosigner. With having a co-signee, it will help you meet the eligibility criteria and even get better rates.

        Also, you will also read on the above page the difference between a Joint Application and Cosigner Personal Loan.

        I hope this helps.

        Please do not hesitate to reach out to us again if you have additional questions.


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