Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure

PayPal personal loan alternatives

3 options to finance online shopping, borrow small amounts or compare lenders fast.

PayPal might make shopping online easier — and even has a few online financing options for regular customers. But it doesn't offer personal loans. Luckily, there are a few alternatives for when you want to borrow for a one-time purchase.

Why doesn't PayPal offer personal loans?

PayPal has never offered personal loans, though the online payment system does offer other types of financing to individuals and businesses. These include a line of credit and cash rewards cards for regular shoppers. And small business owners can take out working capital financing and small business loans.

3 alternatives to PayPal personal loans

PayPal might not offer a one-time financing option to shoppers, but there are a few similar providers to consider instead.

Best for online shopping: Affirm

Affirm financing

Affirm is an online lender with a twist: It only offers financing directly through partner stores. You can apply for a loan while you’re checking out online and pay it back over 3, 6 or 12 months. You don’t need to have good credit to qualify, and the application just takes a few minutes — similar to many PayPal products.

  • Not available in: Iowa, West Virginia
Loan AmountUp to $17,500
APRUp to 30%
Interest Rate TypeFixed
Maximum Loan Term1 year

Best for instant, small-dollar financing: MoneyLion PLUS

MoneyLion Credit Builder Plus personal loans

3.9 / 5

When you need to borrow a small amount of cash but want to take control of your finances, MoneyLion PLUS might be what you’re looking for. You need to become a MoneyLion PLUS member to get a loan from this online platform, but once you’re in you can access cash in seconds. You’ll also receive a free investment account, checking account and credit monitoring.
Membership costs $29 a month. But you can earn that back by opening your app every day — MoneyLion will deposit $1 into your investment account each day you log in.

  • Not available in: Colorado, Connecticut, New York, Vermont, West Virginia
Loan AmountUp to $1,000
APR5.99% to 29.99%
Interest Rate TypeFixed
Min. Credit ScoreAll credit scores accepted
Minimum Loan Term1 year

Best for finding a good deal: Monevo

Monevo personal loans

4.4 / 5

Go to site

on Monevo's secure site

This online connection service could be a good choice if you want to compare multiple options fast — especially if you’re looking for a larger loan amount or don’t have the strongest credit. This award-winning platform is highly automated, which has its benefits and drawbacks. While it’s fast, there’s no customer service line to reach if you have any questions.

  • Available in all states
Loan Amount$500 to $100,000
APR1.99% to 35.99%
Interest Rate TypeFixed
Min. Credit ScoreNone
Turnaround TimeVaries by lender
Maximum Loan Term12 years
Minimum Loan Term0.5 years

Does PayPal offer similar loans?

While it doesn’t offer loans for regular shoppers, it does have several other financing products you might want to consider:

How do PayPal’s personal and business services work?

Compare more personal loans providers

Name Product Filter Values APR Min. Credit Score Loan Amount
Credible personal loans
2.49% to 35.99%
Fair to excellent credit
$600 to $100,000
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
Best Egg personal loans
5.99% to 35.99%
$2,000 to $50,000
A prime online lending platform with multiple repayment methods.
PenFed Credit Union personal loans
4.99% to 17.99%
$600 to $25,000
With over 80 years of lending experience, this credit union offers personal loans for a variety of expenses.
SoFi personal loans
5.74 to 20.28%
$5,000 to $100,000
A highly-rated lender with competitive rates, high loan amounts and no fees.
Monevo personal loans
1.99% to 35.99%
$500 to $100,000
Quickly compare multiple online lenders with competitive rates depending on your credit.

Compare up to 4 providers

Bottom line

PayPal might not offer personal loans. But between its other products and alternative online lenders, you have a slew of financing options to help meet your needs.

Compare even more lenders with our guide to personal loans.

Frequently asked questions

More guides on Finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site