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Best personal loans of September 2022

These are the top 10 personal loans you can find right now.

This article was reviewed by Brad Stevens, a member of the Finder Editorial Review Board and 30-year veteran of the credit industry who specializes in rehabilitating struggling banks.

Our team has reviewed over 120 personal loan providers, including banks, credit unions, online loan providers and connection services. We combed through all of them to find the best personal loans in 2022, and provide updates every month.

When choosing the best personal loans, we consider each lender’s rates and fees, terms and loan amounts, funding speed and borrower perks. We also look at customer reviews on the Better Business Bureau and Trustpilot, and we ran our own user testing with borrowers to find out what's most important to them.

We update review these lenders each month and change the list if we believe another lender offers a better option. In October 2021, we replaced Alliant Credit Union with SoFi as our pick for good credit — SoFi's rates are more competitive for that credit range.

9 best personal loans

Best for excellent credit: LightStream

LightStream personal loans

Finder rating 4.83 / 5

If you have excellent credit, LightStream could be a great deal. It has some of the most competitive rates available — and if you get a better offer from another lender that meets certain criteria, it may counter with a lower offer. While LightStream specializes in home improvement loans, though it could be a good option for any use, as long as you meet its tight credit standards. But since checking your rate will affect your credit, it's best to save this lender for when you've built up a strong, positive credit history.

  • Available in all states

Best for good credit: SoFi

SoFi personal loans

Finder rating 4.45 / 5

SoFi may be best known for its student loan refinancing option, but it also offers a wide range of personal loans — qualified borrowers may be approved for up to $100,000. It offers competitive rates, accepts coapplicants and has no fees. And perks like career coaching and personalized financial assistance are what really set SoFi apart from other lenders.

  • Not available in: Mississippi

Best for Fair Credit: Upstart

Upstart personal loans

Finder rating 4.15 / 5

Your credit score isn't the only factor this alternative lender takes into account when evaluating your application. In fact, your work experience and level of education will make more of an impact on your potential rates and terms. And it's fast — sometimes as soon as one business day after approval.

  • Not available in: West Virginia

Best for bad credit: OneMain

OneMain Financial personal loans

Finder rating 3.4 / 5

While OneMain Financial's interest rates are higher than typical personal loan providers, its APR range is still less than you'd find working with a short-term lender. Same-day funding is available to eligible applicants. And you may be able to get a better interest rate by securing your loan with collateral.

  • Not available in: Alaska, Arkansas, California, Connecticut, Massachusetts, Michigan, Rhode Island, Vermont

Best for comparing rates: Monevo

Monevo personal loans

Finder rating 4.4 / 5

This comparison service has lenders in its network that accept borrowers with credit scores as low as 450. And Monevo is upfront about all of the lenders in its network, and some have rates as low as 1.99% for borrowers with strong creditworthiness. Checking your rates also won't affect your credit.

  • Available in all states

Best for peer-funded loans: Prosper

Prosper personal loans

Finder rating 3.42 / 5

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.

  • Not available in: Iowa, North Dakota, West Virginia

Best for applying with a cosigner: Laurel Road

Laurel Road personal loans

Finder rating 4.2 / 5

Laurel Road is one of the only lenders that accepts cosigners — someone who can help you meet eligibility requirements when you can’t on your own. This can help you take advantage of its competitive APRs and perks, like its $300 referral bonus and special rates for healthcare professionals.

  • Available in all states

Best for debt consolidation: Discover

Discover personal loans

Finder rating 4 / 5

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.

  • Available in all states

Best for a fast turnaround: Rocket Loans

Rocket Loans personal loans

Finder rating 3.85 / 5

This online lender is one of the few that can fund your loan as soon as the same business day. And you don’t need to have perfect credit to qualify. But its starting APR is relatively high at 5.97%. And you might have to pay an origination fee of up to 6%.

  • Not available in: Iowa, Nevada

How to choose the best personal loan for you

Shopping around and comparing offers can get you a great deal. Here are a few tips as you begin your search for the best personal loan.

  • Nail down your priority before shopping around. Do you care the most about rates? Monthly repayments? Overall loan cost? Consider what matters the most to you and start comparing lenders based on that feature.
  • Check that you’re eligible before you apply. Even if you have excellent credit and a high income, you might not be eligible for every loan. Some lenders don’t operate in every state, while others won’t work with self-employed applicants. If you’re not sure what the requirements are, reach out to the lender’s customer service team and ask.
  • Use a repayment calculator to compare costs. Comparing interest rates is a good way to get a quick idea of which loan is the least expensive — as long as they have the same terms. When you’ve narrowed down your choices, use our calculator to find out how much each option might cost you in the short and long term.
  • Read customer reviews to get an idea of the quality of customer service you can expect with a lender. Take reviews with a grain of salt — people typically don’t go to the Better Business Bureau or Trustpilot when they’re satisfied with a product. But if you notice a pattern of complaints, that could be a red flag.

Score better rates by improving your credit

No matter where your score sits, improving your credit is a simple way to decrease the cost of borrowing. Improve your score quickly by:

  • Paying down the balances of some of your credit cards
  • Correcting late payments
  • Signing up for Experian Boost to list your phone and utility bills on your credit report

When a lender sees you have a good handle on your finances, it’s that much more likely to approve you for a lower interest rate and higher loan amount on your next personal loan.

Best personal loan rates and summary



Excellent credit


Some of the lowest rates available for excellent credit borrowers and loans as high as $100,000


7.99% – 23.43%

Good credit


An extensive benefits program for borrowers, including unemployment protection as well as financial and career advice.


5.6% – 35.99%

Fair credit


Funding in as little as one business day and an underwriting process that considers your education and career.

OneMain Financial

18% – 35.99%

Bad credit


Less expensive than a short-term lender but still considers credit scores as low as 300.


1.99% – 35.99%

Comparing rates


An award-winning service that helps you compare multiple options, even if your credit score is as low as 450.

Laurel Road

7% – 24.25%

Applying with a cosigner


This is one of the only lenders that accepts cosigners — not coborrowers or coapplicants.


5.99% – 24.99%

Debt consolidation


Consolidate multiple types of debt with a loan that gets paid directly to your creditors — and comes with a 30-day return policy.


7.95% – 35.99%

Peer-funded loans


A high minimum debt-to-income ratio and relatively short turnaround time compared to other P2P lenders.

Rocket Loans

5.97% – 29.99%

Loans with a fast turnaround


A turnaround as fast as the same business day with a relatively low credit score cutoff of 640.

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.

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Alternatives to taking out a personal loan

Taking out a personal loan isn’t always the right move — consider these alternatives before filling out that application.

  • Home equity loans or lines of credit are ideal if you need to borrow money to make home repairs or other renovations that could increase your home’s value. Since these loans use your home as collateral, they tend to have lower rates than a personal loan.
  • Credit cards have APRs that are typically higher than your traditional unsecured personal loan, but the convenience can help you cover an emergency expense faster than most personal loans.
  • Pay advance apps are ideal if you only need to borrow a few hundred dollars or don’t have the credit to qualify for a traditional personal loan. You can gain access to your paycheck early — usually for a small membership fee or optional tip.
  • Crypto loans allow you to tap into the value of cryptocurrency you already own without having to pay capital gains. There are few requirements beyond owning cryptocurrency. But there's a higher risk of default than other secured loans, thanks to the volatility of cryptocurrency.

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.

Compare even more personal loans

1 – 5 of 5
Name Product Filter Values APR Min. Credit Score Loan Amount
Best Egg personal loans
7.99% to 35.99%
$2,000 to $50,000
A prime online lending platform with multiple repayment methods.
Credible personal loans
3.99% 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.
Upstart personal loans
5.6% 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
7.99% to 23.43%
$5,000 to $100,000
A highly-rated lender with competitive rates, high loan amounts and no fees.
LendingClub personal loans
6.34% to 35.89%
$1,000 to $40,000
A peer-to-peer lender offering fair rates based on your credit score.

Compare up to 4 providers

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