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Compare 3-year personal loans

Get a competitive rate and pay your loan off quickly — but watch out for high monthly payments.

Name Product Filter Values APR Min. credit score Loan amount
Best Egg personal loans
Finder Score: 3.8 / 5: ★★★★★
Best Egg personal loans
8.99% to 35.99%
$2,000 to $50,000
Fast and easy personal loan application process. See options first without affecting your credit score.
Upstart personal loans
Finder Score: 4.2 / 5: ★★★★★
Upstart personal loans
7.80% to 35.99%
$1,000 to $50,000
This service looks beyond your credit score to get you a competitive-rate personal loan.
SoFi personal loans
Finder Score: 4.4 / 5: ★★★★★
SoFi personal loans
8.99% to 29.99% fixed APR
$5,000 to $100,000
A highly-rated lender with competitive rates, high loan amounts and no required fees.
Finder Score: 4 / 5: ★★★★★
8.49% to 35.99%
$1,000 to $50,000
Check your rates with this online lender without impacting your credit score.
LendingPoint personal loans
Finder Score: 3.3 / 5: ★★★★★
LendingPoint personal loans
7.99% to 35.99%
$2,000 to $36,500
Get a personal loan with reasonable rates even if you have a fair credit score in the 600s.
Happy Money
Finder Score: 3.8 / 5: ★★★★★
Happy Money
11.72% to 24.50%
$5,000 to $40,000
Pay down your debt with a fixed APR and predictable monthly payments.

How do three-year personal loans work?

A three-year personal loan is a loan that you repay with regular monthly payments over 36 months, plus interest and fees. Three years is one of the most common term lengths for a personal loan.

Most lenders also offer five-year terms as well. And almost all personal loans come with fixed rates, which mean you’ll have the same payment each month.

Can I qualify for a three-year personal loan?

You can qualify for a three-year term if you show the lender you have in your budget for the monthly payment. This can range from under $100 to over $3,000 in some cases.

If the monthly payment on a three-year loan is too high for your budget, your lender might suggest a longer term. With personal loans, you can often make extra payments with no penalty — so even if you qualify for a five- or seven-year term, you can still pay it off over three years.

What types of loans can I get with a three-year term?

Three-year fixed rate loans can be used for various purposes. There are a few different types available including:

  • Secured personal loans. If you’re considering a secured personal loan, you can typically use the equity in your home, money in a savings account or any other valued asset — fine art or jewelry — as security for the loan.
  • Unsecured personal loans. This type of loan requires no secured asset and can be used for nearly anything from under $100 to consolidating debt to making a large purchase.
  • Car loans. When buying a new or used car you’ll find various options for three-year fixed loans. And because it’s secured by what you’re purchasing, you should be able to get a good rate.

How to compare my three-year loans

If you’re certain that a three-year loan is right for you, the next step is to compare all of your options to get the best deal possible. Here are features to look out for when comparing:

  • Interest rate. You’ll be locked into this interest rate for three years, so be sure it’s competitive. Secured loans tend to have better rates than unsecured loans — but keep in mind that you’re risking an asset if you fail to make payments on a secured loan.
  • Upfront and ongoing fees. Are there any application or origination fees? Will you be charged monthly or annual fees? Always calculate the true cost of the loan by incorporating interest rates and fees or looking at the annual percentage rate (APR).
  • Other fees. Find out before you apply if your loan will attract fees for making additional payments or repaying the loan ahead of time.
  • Eligibility. Factors vary by lender, but a few things that may be taken into consideration are your credit history, debt-to-income ratio, annual income and employment.

How much does a three-year loan cost?

The cost of a three-year loan depends on the loan amount and APR. Here’s how much your estimated monthly payment could be on a three-year loan with different loan amounts and interest rates:

Loan amount 5% APR 10% APR 15% APR 20% APR




































Calculate the cost of a three-year loan

Use our calculator to see how much a three-year loan might cost each month and in total interest based on different loan amounts, interest rates and fees.

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Pros and cons to consider before applying


  • You can lock in a competitive rate
  • Shorter loan terms help save on the total cost of the loan
  • Three-year terms are available at almost all lenders


  • Monthly payments can be high for large loan amounts
  • Some lenders charge a fee to pay back your loan early
  • You might not qualify if you don’t have consistent cash flow

Compare even more options with our guide to personal loans.

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Written by


Anna Serio was a lead editor at Finder, specializing in consumer and business financing. A trusted lending expert and former certified commercial loan officer, Anna's written and edited more than 1,000 articles on Finder to help Americans strengthen their financial literacy. Her expertise and analysis on personal, student, business and car loans has been featured in publications like Business Insider, CNBC and Nasdaq, and has appeared on NBC and KADN. Anna holds an MA in Middle Eastern studies from the American University of Beirut and a BA in Creative Writing from Macaulay Honors College at Hunter College, CUNY. See full bio

Anna's expertise
Anna has written 251 Finder guides across topics including:
  • Personal, business, student and car loans
  • Building credit
  • Paying off debt

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