Compare personal loan brokers

Take the hassle and stress out of finding a personal loan by using a broker.

Finding a personal loan can take a lot of time, effort and stress. By using a personal loan broker, you save time searching around for a loan. A broker can help you find the option that is best suited to your situation and requirements, and you’ll also have the benefit of filling out a single initial form rather than visiting multiple websites and repeating the process.

Personal loan brokers can also be of significant help for those with complicated situations or less-than-perfect credit history because the broker works to find a lender to fit your unique needs.

Even Financial Personal Loans

Even Financial Personal Loans

Quickly get connected to the best personal loan offer from top online lenders.

  • Minimum Credit Score Needed: 580
  • APRs as low as: 4.99%
  • Minimum Loan Amount: $1,000
  • Maximum Loan Amount: $100,000
  • Simple online application process
  • Free loan connection service

    How do personal loan brokers work?

    Personal loan brokers, also called lender connection services, work in a similar way to mortgage brokers: they help you find a good deal on your loan.

    Personal loan brokers can help you with the full range of personal loans offered by lenders. Whether you’re renovating your home or refinancing student loans, a personal loan broker can assist you with finding a suitable loan.

    Personal loan brokers search for a loan within their lending network, which is simply the group of lenders that they deal with. Once they’ve found a lender willing to approve your application, the broker will present you the offer. You may have to finalize the offer with the lender directly, though some brokers are able to facilitate that portion of the process as well.

    Most personal loan brokers operate solely online, so you can fill out your application and get a loan offer from the comfort of your home.

    Compare personal loan brokers

    Rates last updated December 12th, 2017
    Name Product Minimum Credit Score Max. Loan Amount APR Product Description
    Even Financial Personal Loans
    580
    $100,000
    From 4.99% (fixed)
    Get connected to competitive loan offers instantly from top online consumer lenders.
    CompareFirst Personal Loans
    580
    $100,000
    From 2.99% (fixed)
    An easy-to-use loan connection service geared toward introducing first-time borrowers to affordable personal loans.
    LendingTree Personal Loan
    640
    $35,000
    From (fixed)
    Receive up to five loan offers in just minutes through LendingTree's simple online application process.
    Zippyloan Personal Loans
    Varies by lender
    $15,000
    From (variable)
    Apply with Zippyloan to be considered by over 100 lenders, all offering multiple loan options to suit your needs.

    Compare up to 4 providers

    Why should I consider a personal loan broker?

    These lender connection services can offer you convenience. Instead of filling out multiple applications on a bunch of different lenders’ websites, you fill out one application and receive offers through the broker, saving you time.

    They can find you the best loan option for your unique circumstances. They may be particularly useful if you have trouble meeting the standard eligibility criteria at larger financial institutions. This is because brokers tend to have a better understanding of different lending requirements of various lenders, so they won’t recommend products that you are likely to be rejected for.

    Personal loan brokers get commissions when you’re approved for a loan, so it’s in their best interest to connect you with lenders who are likely to approve you.

    How are personal loan brokers and direct lenders different?

    Personal loan brokersDirect lenders
    Application processOne application to be connected to multiple lenders. Takes about 10 minutes to apply.One application for one lender. Takes around 10 minutes to apply for each individual lender.
    Types of feesEither no fee or an origination fee for the loan-connection service, on top of plus fees the lender charges.Varies by lender. Fees can include application, origination, prepayment and late fees.
    Safety of your informationMost websites are SSL-encrypted, but brokers sometimes share your contact information with multiple lenders.Websites are also SSL-encrypted. They don’t share your information with anyone — employees usually have restricted access.
    Typical minimum qualificationsAge of majority (usually 18), good credit, proof of income, US citizen or permanent resident.Also age of majority, strong credit, verifiable income, US citizen or green card-holder

    How to find a good personal loan broker

    • Loans offered. Make sure the broker you are considering offers the type of loan that you require.
    • Type of interest. Most brokers offer fixed interest loans only. If you’re interested in variable interest loans, be sure to look for that information on the broker’s website before applying.
    • Loan conditions. Can you pay the loan off early or make additional repayments? Make sure you can access these benefits without having to pay a fee.
    • Lender network. This is the group of lenders from which your broker will choose a loan. The bigger the network, the greater the chance of you getting the best deal available.
    • How they work. Some brokers operate almost entirely online, whereas others use the more traditional phone, fax and mail. Make sure you’re comfortable with whichever system your broker uses.
    • Funding time. Brokers have different speeds at which they are able to approve and fund your loan. If you are in a hurry, an online-based broker should be able to approve your loan faster than a paper-based one.
    • Customer service. You may be dealing with the broker for the term of your loan, so make sure you are happy with the level of service they provide. Call them to see how long it takes to get an answer and find out what kind of support they offer.

    What to avoid with personal loan brokers

    • A small lender network. The more lenders your broker has access to, the better your chance of getting the best loan available. Make sure your broker compares a large range of options, otherwise you might as well just do it yourself.
    • Commissions. There isn’t anything wrong with a broker being paid a commission, just be sure of what the commissions are and how they affect the broker’s recommendations. Less honest brokers might push lenders that pay them higher, rather than the ones that offer the best option for you.
    • Fees and charges. Understand the fees and charges you’ll have to pay. Ensure they are all clearly explained to you before you commit to your broker and the loan.
    • Scams. Reputable personal loan brokers don’t charge a fee for you to apply. Be wary of other warning signs like an unsecure website that doesn’t have “https” in the URL or a company without a physical address.

    Frequently asked questions about personal loan brokers

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    2 Responses

    1. Default Gravatar
      MukulOctober 6, 2017

      A phone call came to me that they will provide me mortage loan on my insurance policy first make a policy is it ok or not

      • Staff
        DanielleOctober 7, 2017Staff

        Hi Mukul,

        Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.

        We won’t be able to tell which would be the best option for you since it would depend on your personal situation and circumstance. However, a broker can help you find the option that is best suited to your situation and requirements, and you’ll also have the benefit of filling out a single initial form rather than visiting multiple websites and repeating the process. You may review and compare the offers available on the table above. Once you have selected one, you may proceed by clicking the green “Go to Site” button.

        I hope this helps.

        Cheers,
        Danielle

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