Discover your personal loan options


Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

Our top-rated options for personal loans

Best for good credit: SoFi personal loans

Finder Rating: 4.3 / 5 ★★★★★
SoFi personal loans logo
Min. Credit Score
680
Starting APR
5.99%
Loan Amount
$100,000
Min. Loan Amount $5,000
Max. Loan Amount $100,000
APR 5.99% to 18.28%
Interest Rate Type Fixed
Min. Credit Score 680
Minimum Loan Term 24 months
Maximum Loan Term 84 months
Turnaround Time Up to 30 days
Pros
  • Competitive APRs from 5.99% to 18.82%
  • Loans up to $100,000
  • No fees — not even late fees
  • Career training and networking events available
  • Optional banking system
Cons
  • Loans start at $5,000
  • Good to excellent credit required

SoFi may be best known for its student loan refinancing option, but it also offers a wide range of personal loans — and qualified borrowers may be approved for up to $100,000. It offers competitive rates, accepts coapplicants and has no fees. But perks like career coaching and personalized financial assistance are what really set SoFi apart from other lenders.
Disclaimer
Fixed rates from 5.99% APR to 18.28% APR (with AutoPay). SoFi rate ranges are current as of October 5, 2020 and are subject to change without notice. Not all rates and amounts available in all states. See Personal Loan eligibility details. Not all applicants qualify for the lowest rate. If approved for a loan, to qualify for the lowest rate, you must have a responsible financial history and meet other conditions. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors. See APR examples and terms. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.

Best for excellent credit: LightStream personal loans

Finder Rating: 4.83 / 5 ★★★★★
LightStream personal loans logo
Min. Credit Score
670
Starting APR
Varies
Loan Amount
$100,000
Min. Loan Amount $5,000
Max. Loan Amount $100,000
APR Varies
Interest Rate Type Fixed
Min. Credit Score 670
Minimum Loan Term 24 months
Maximum Loan Term 84 months
Turnaround Time Varies
Pros
  • Highly competitive rates
  • Rate Beat Program
  • May be able to get your funds the same day
  • No origination fee
Cons
  • No customer service phone number
  • No preapproval process
  • Large minimum loan amount of $5,000

LightStream offers one of the best deals around — if you have excellent credit. It has some of the most competitive rates to begin with. And if you get a better offer from another lender, it might beat that rate by 0.1%, as long as the APR meets certain terms and conditions.
Disclaimer
All loans are subject to credit approval by LightStream.

Truist Bank is an Equal Housing Lender. © 2020 Truist Financial Corporation. SunTrust, Truist, LightStream, the LightStream logo, and the SunTrust logo are service marks of Truist Financial Corporation. All other trademarks are the property of their respective owners. Lending services provided by Truist Bank.

Best for bad credit: Monevo personal loans

Finder Rating: 4.4 / 5 ★★★★★
Monevo personal loans logo
Min. Credit Score
None
Starting APR
3.49%
Loan Amount
$100,000
Min. Loan Amount $500
Max. Loan Amount $100,000
APR 3.49% to 35.99%
Interest Rate Type Fixed
Minimum Loan Term 3 months
Maximum Loan Term 144 months
Turnaround Time Varies by lender
Pros
  • No obligation offers
  • Quick online decision
  • Award-winning service
Cons
  • High potential APR
  • Might have to field phone calls and emails from partner lenders

While it’s a comparison service, Monevo has lenders in its network that accept borrowers with credit scores as low as 450. But don’t expect to qualify for its larger loan amounts — your loan options may be limited to smaller amounts with rates set at the high maximum APR of 35.99%. However, Monevo can be a good choice if you’re looking for a lender to help build your credit and haven’t had luck hunting down one that will work with a low score.

Best for home improvements: GreenSky home improvement loans

Finder Rating: 3.9 / 5 ★★★★★
GreenSky home improvement loans logo
Min. Credit Score
640
Starting APR
3.99%
Loan Amount
$50,000
Min. Loan Amount $3,500
Max. Loan Amount $50,000
APR 3.99% to 26.99%
Interest Rate Type Fixed
Min. Credit Score 640
Minimum Loan Term 36 months
Maximum Loan Term 84 months
Pros
  • No down payment required
  • Coapplicants welcome
  • Not a credit card
  • 0% interest promotional offer
Cons
  • High potential APR
  • Spending limited to a six-month period
  • Immediate repayments

GreenSky’s sole focus is on home improvement loans, which means you’ll have a lender that understands the ups and downs of home renovations. It offers a low starting APR of just 4.99%, and borrowers with credit scores as low as 640 are eligible to apply.

But what we like best is its financing process. You get six months to spend up to your credit limit on your GreenSky payment card, which means you’ll only pay interest on the amount you end up using. And if you decide to use a professional from GreenSky’s network, you won’t pay interest on your purchases for 12 months.

Best for peer-funded loans: Prosper personal loans

Finder Rating: 3.42 / 5 ★★★★★
Prosper personal loans logo
Min. Credit Score
640
Starting APR
7.95%
Loan Amount
$40,000
Min. Loan Amount $2,000
Max. Loan Amount $40,000
APR 7.95% to 35.99%
Interest Rate Type Fixed
Min. Credit Score 640
Minimum Loan Term 36 months
Maximum Loan Term 60 months
Turnaround Time Up to five business days
Pros
  • Accepts DTI rates of up to 50%
  • Fair credit OK
  • No hard credit check for preapproval
Cons
  • High maximum APR of 35.99%
  • Origination fee starts at 2.41% to 5%
  • Turnaround may be up to 5 business days
  • You must have at least three open credit accounts to qualify

Prosper is a pioneering peer-to-peer lender that offers loans funded by investors, instead of a bank. You can qualify with a credit score of 640 and a relatively high debt-to-income ratio, making it a solid choice if you already have loans or credit cards.

You’ll have to pay an origination fee of up to 5%, however. And it can take as long as five business days to receive your loan.

Best for comparing rates: Fiona personal loans

Finder Rating: 4.25 / 5 ★★★★★
Fiona personal loans logo
Min. Credit Score
670
Starting APR
4.99%
Loan Amount
$100,000
Min. Loan Amount $1,000
Max. Loan Amount $100,000
APR 4.99% to 35.99%
Interest Rate Type Fixed
Min. Credit Score 670
Minimum Loan Term 24 months
Maximum Loan Term 84 months
Turnaround Time Varies by lender
Pros
  • Large network of lenders
  • APR starting at 4.99%
  • Loans up to $100,000
Cons
  • Good to excellent credit required
  • High maximum APR of 35.99%

While Fiona isn’t a direct lender, it can cut down on the time you spend comparing lenders. By filling out a quick online form, you can get personalized rate quotes from multiple lenders at once — without affecting your credit score. But you’ll need to be over 21 to use this service.

Best for applying with a coapplicant: Upgrade personal loans

Finder Rating: 3.98 / 5 ★★★★★
Upgrade personal loans logo
Min. Credit Score
600
Starting APR
7.99%
Loan Amount
$35,000
Min. Loan Amount $1,000
Max. Loan Amount $35,000
APR 7.99% to 35.97%
Interest Rate Type Fixed
Min. Credit Score 600
Minimum Loan Term 36 months
Maximum Loan Term 60 months
Turnaround Time Up to 5 business days
Pros
  • Flexible loan options
  • No prepayment penalty
  • Quick turnaround
Cons
  • Inflexible loan terms
  • High origination fee of up to 6%
  • Must have at least $1,000 left over after monthly expenses
  • Stricter eligibility criteria for self-employed applicants

Only a handful of personal loan providers allow you to apply with another borrower. Upgrade is one of the only providers in that group that considers both you and your cosigner’s information from the very beginning — in other cases, you don't have to qualify on your own first. The application is also quick and simple, and doesn’t rely on your credit score as much as other lenders might.
Disclaimer

Personal loans made through Upgrade feature APRs of 6.98%-35.89%. All personal loans have a 1.5% to 6% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. For example, if you receive a $10,000 loan with a 36-month term and a 17.98% APR (which includes a 14.32% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $343.33. Over the life of the loan, your payments would total $12,359.97. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. Personal loans issued by WebBank, Member FDIC.

Go to site