Best personal loans in November 2019

Find the best choice for your personal needs starting at 3.84% APR.

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When searching for the best personal loan, the most important factor is you. Even if you have great credit, compare your options carefully before settling on a lender. It could make the difference between a decent personal loan and the best one for you.

11 best personal loans

Our methodology

When choosing the best personal loans, we considered each lender’s rates, fees, terms, borrowing amounts, funding speed and borrower perks. We also looked at customer reviews on the Better Business Bureau and Trustpilot, as well as running user research with six borrowers to find out what was most important to them.

In September 2019, we added our picks for the best debt consolidation and home improvement loans — two popular uses for personal loans. We revised our list of top providers in November, 2019.

SoFi: Best overall

finder.com’s rating: 4.6 / 5.0

★★★★★

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 career coaching and personalized financial assistance are what really set SoFi apart from other lenders.

Product NameSoFi Personal Loan Fixed Rate (with Autopay)
Min. Loan Amount$5,000
Max. Loan Amount$100,000
APR5.99% to 17.88%
Interest Rate TypeFixed
Min. Credit Score680
Late Fee$0
Minimum Loan Term2 years
Maximum Loan Term7 years
Turnaround TimeVaries

Pros

  • Low rates
  • No fees

Cons

  • Can take a week to get your loan
Go to SoFi's site

LightStream: Best for excellent credit

finder.com’s rating: 4.6 / 5.0

★★★★★

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.

Product NameLightStream Personal Loans
Min. Loan Amount$5,000
Max. Loan Amount$100,000
APRCompetitive
Interest Rate TypeFixed
Min. Credit ScoreGood to excellent credit
Minimum Loan Term2 years
Maximum Loan Term7 years
Turnaround TimeVaries
Pros
  • Competitive rates
  • Fast turnaround

Cons

  • Higher rates for longer terms
Go to Lightstream's site

Laurel Road: Best for good credit

finder.com’s rating: 4.4 / 5.0

★★★★★

Formerly known as DRB, Laurel Road lender offers no-fee personal loans at competitive rates. While its APRs might start higher than some other lenders, its low maximum rate is what makes it a great deal if you have good credit. Other perks, like its 0.25% discount for using autopay, $300 cash bonus for referring a friend and special terms for doctors, dentists and medical residents.

Product NameLaurel Road Personal Loans
Min. Loan Amount$1,000
Max. Loan Amount$45,000
APR8.01% to 16.30%
Interest Rate TypeFixed
Min. Credit Score680
Minimum Loan Term3 years
Maximum Loan Term5 years

Pros

  • No origination fee
  • Special deals for doctors and dentists

Cons

  • Higher APR for longer terms
Go to Laurel Road Loans's site

LendingPoint: Best for fair credit

finder.com’s rating: 3.8 / 5.0

★★★★★

LendingPoint personal loans are available even if you have fair credit — though its rates might be higher than options available to good credit borrowers. It offers personal loans deposited on debit cards, which means you can get your money as fast as the same day, rather than the next day. You can also pay off your loan using a debit card, rather than having to wait for bank transfer.

Product NameLendingPoint Personal Loans
Min. Loan Amount$2,000
Max. Loan Amount$25,000
APR15.49% to 35.99%
Interest Rate TypeFixed
Min. Credit Score600
Minimum Loan Term2 years
Maximum Loan Term4 years
Turnaround TimeNext business day after approval and document verification

Pros

  • You can qualify with fair credit

Cons

  • High rates
  • Unpredictable due dates
Go to LendingPoint's site

NetCredit: Best for bad credit

finder.com’s rating: 3.4 / 5.0

★★★★★

NetCredit might come with high rates and terms, but it can be a good option for borrowers with low credit scores. Unlike many other lenders in the non-prime market, it offers the opportunity to rebuild your credit and flexibility with when you repay your loan.

While many sites pick Avant as the best provider for bad credit, we prefer NetCredit because it doesn’t have any credit requirements and comes with minimal fees. Just make sure you live in an eligible state.

Product NameNetCredit Personal Loans
Min. Loan Amount$1,000
Max. Loan Amount$10,000
APR34% to 155% (Varies by state)
Interest Rate TypeFixed
Min. Credit ScoreNo minimum
Minimum Loan Term0.5 years
Maximum Loan Term5 years
Turnaround Time1 to 3 business days

Pros

  • No origination fee
  • Builds your credit

Cons

  • High APR
  • Only available in 15 states
Go to NetCredit's site

Marcus by Goldman Sachs: Best for home improvements

finder.com’s rating: 4.0 / 5.0

★★★★★

Marcus offers a general use unsecured personal loans, making them a good alternative to financing that uses your house as collateral like home equity loans. Its loan amounts fit right in the range of most home improvement costs, doesn’t charge any fees and allows you to defer repayments without having to pay extra interest.

Product NameMarcus by Goldman Sachs Personal Loans
Min. Loan Amount$3,500
Max. Loan Amount$40,000
APR6.99% to 28.99%
NY resident rates: 6.99% to 24.99%
Interest Rate TypeFixed
Min. Credit ScoreGood to excellent credit
Minimum Loan Term3 years
Maximum Loan Term6 years

Pros

  • Rewards on-time repayments
  • Discount for service members

Cons

  • Hard to qualify if you’re self-employed
Go to Marcus by Goldman Sachs's site

Discover: Best for debt consolidation

finder.com’s rating: 4.0 / 5.0

★★★★★

This online lender will disburse the funds directly to your creditors if you sign up for debt consolidation. But its low maximum amount might not make it ideal for debts above $35,000.

While other sites often pick Payoff as their top choice for debt consolidation, we chose Discover because it works with more than just credit card debt. Some sites also picked Marcus, but we preferred Discover’s lower rates, longer terms and perks like its 30-day return period.

Product NameDiscover Personal Loans
Min. Loan Amount$2,500
Max. Loan Amount$35,000
APR6.99% to 24.99%
Interest Rate TypeVariable
Min. Credit ScoreVaries
Minimum Loan Term3 years
Maximum Loan Term7 years
Turnaround Time1 to 7 days

Pros

  • No origination fee
  • 30-day return period

Cons

  • High maximum APR
  • High late fees

Read review

LendingClub: Best for fast, peer-funded loans

finder.com’s rating: 3.8 / 5.0

★★★★★

LendingClub is an award-winning peer-to-peer lender that connects borrowers with investors. It offers a risk-free quote of the rates you might qualify for so you can easily compare your offer with other lenders. And if you prefer dealing with one lender for all of your borrowing needs, LendingClub also offers car loans and financing for small businesses.

Product NameLendingClub Personal Loan
Min. Loan Amount$1,000
Max. Loan Amount$40,000
APR6.95% to 35.89%
Interest Rate TypeFixed
Min. Credit Score640
Minimum Loan Term3 years
Maximum Loan Term5 years
Turnaround TimeAs few as 3 days

Pros

  • Accepts cosigners

Cons

  • Long turnaround time
  • Not available in West Virginia or Iowa
Go to Lending Club's site

Best Egg: Best for loans with a fast turnaround

finder.com’s rating: 4.8 / 5.0

★★★★★

Best Egg may have one of the lowest maximum amounts, but it makes up for it with speed. It’s one of the fastest personal loan platforms out there, with turnaround in as little as one day.

Product NameBest Egg Personal Loans
Min. Loan Amount$2,000
Max. Loan Amount$35,000
APR5.99% to 29.99%
Interest Rate TypeFixed
Min. Credit Score640 FICO®
Origination Fee0.99% to 5.99%
Late Fee$15
Minimum Loan Term3 years
Maximum Loan Term5 years
Turnaround TimeAs few as 1 business day(s)

Pros

  • Transparent website
  • Excellent customer reviews

Cons

  • Not available in Iowa, Vermont or West Virginia
Go to Best Egg's site

Even Financial: Best for comparing rates from different lenders

finder.com’s rating: 3.8 / 5.0

★★★★★

While Even Financial isn’t a direct lender, it can cut down on the time you spend comparing lenders. By filling out a quick, risk-free online form, you can get potential rate quotes from up to five lenders at once. And unlike many of the other lenders on this list, you only need a score of 580 to potentially qualify for a personal loan.

Product NameEven Financial Personal Loans
Min. Loan Amount$1,000
Max. Loan Amount$100,000
APR3.84% to 35.99%
Interest Rate TypeFixed
Min. Credit Score550
Minimum Loan Term2 years
Maximum Loan Term7 years
Turnaround TimeVaries

Pros

  • High borrowing amounts
  • Long terms

Cons

  • Limited to its network of providers
Go to Even Financial, Inc.'s site

Upgrade: Best for applying with a cosigner

finder.com’s rating: 4.4 / 5.0

★★★★★

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 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.

Product NameUpgrade Personal Loans*
Min. Loan Amount$1,000
Max. Loan Amount$50,000
APR6.98% to 35.89%
Interest Rate TypeFixed
Min. Credit Score600
Origination Fee1.5% to 6%
Late Fee$10
Minimum Loan Term3 years
Maximum Loan Term5 years
Turnaround TimeAs few as 1 business day(s)

Pros

  • Quick turnaround
  • No prepayment penalty

Cons

  • Origination fee
Go to Upgrade's site

Compare the best personal loans

Updated November 22nd, 2019
Name Product Filter Values APR Min. Credit Score Max. Loan Amount
5.99% to 17.88%
680
$100,000
A highly-rated lender with competitive rates, high loan amounts and no fees.
Competitive
Good to excellent credit
$100,000
Borrow up to $100,000 with low rates and no fees.
6.95% to 35.99%
640
$40,000
Borrow only what you need for debt consolidation, home improvements and more — with APRs based on overall creditworthiness.
15.49% to 35.99%
600
$25,000
Get a personal loan with reasonable rates even if you have a fair credit score in the 600s.
34% to 155% (Varies by state)
No minimum
$10,000
Check eligibility in minutes and get a personalized quote without affecting your credit score.
6.95% to 35.89%
640
$40,000
A peer-to-peer lender offering fair rates based on your credit score.
5.99% to 29.99%
640 FICO®
$35,000
A prime lender with multiple repayment methods.
3.84% to 35.99%
550
$100,000
Get connected to competitive loan offers instantly from top online consumer lenders.
8.01% to 16.30%
680
$45,000
Get a personal loan with no application or origination fees and a rate discount for autopay.
6.99% to 24.99%
Varies
$35,000
Apply with this big-name provider for personal loans to consolidate debt, fund your vacation or wedding and more.

Compare up to 4 providers

Best personal loan rates

LenderAPR
5.99% to 17.88%
Competitive
8.01% to 16.30%
15.49% to 35.99%
34% to 155% (Varies by state)
6.99% to 28.99%
NY resident rates: 6.99% to 24.99%
6.99% to 24.99%
6.95% to 35.89%
5.99% to 29.99%
3.84% to 35.99%
6.98% to 35.89%

Personal loans by lender type

How much will my loan cost?

How much your loan costs depends on the rates, terms and how much you borrow. Use this calculator to get an estimate of your monthly repayment and the total cost of your loan by entering the APR, loan amount and term.

Ask these questions to find the best personal loan

Comparing lenders is the best way to get a good deal. Ask yourself these questions if you’re not sure where to start:

Read more about personal loans

Bottom line

At the end of the day, the best personal loan depends on your needs and your finances. There are a number of loan types and lenders to cover pretty much any situation, so do some careful research when you’re searching for a loan. Start by reading our guide to personal loans so you know where to look and how to tell when an offer really fits your needs.

Frequently asked questions

SoFi disclaimer

Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi’s underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)

Personal Loans

Fixed rates from 5.99% APR to 17.88% APR (with AutoPay). Variable rates from 6.49% APR to 14.70% APR (with AutoPay). SoFi rate ranges are current as of November 13, 2019 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, years of professional experience, income and other factors. See APR examples and terms. Interest rates on variable rate loans are capped at 14.95%. Lowest variable rate of 6.49% APR assumes current 1-month LIBOR rate of 1.81% plus 4.93% margin minus 0.25% AutoPay discount. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. 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..

All rates, terms, and figures are subject to change by the lender without notice. For the most up-to-date information, visit the lender's website directly.

SoFi unemployment protection

If you lose your job through no fault of your own, you may apply for Unemployment Protection. SoFi will suspend your monthly SoFi loan payments and provide job placement assistance during your forbearance period. Interest will continue to accrue and will be added to your principal balance at the end of each forbearance period, to the extent permitted by applicable law. Benefits are offered in three month increments, and capped at 12 months, in aggregate, over the life of the loan. To be eligible for this assistance you must provide proof that you have applied for and are eligible for unemployment compensation, and you must actively work with our Career Advisory Group to look for new employment. If the loan is co-signed the unemployment protection applies where both the borrower and cosigner lose their job and meet conditions.

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