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Compare fixed-rate personal loans

Find funding with predictable repayments that fit your budget.

Name Product Filter Values APR Min. credit score Loan amount
Best Egg personal loans
Finder Rating: 3.8 / 5: ★★★★★
Best Egg personal loans
8.99% to 35.99%
640
$2,000 to $50,000
Fast and easy personal loan application process. See options first without affecting your credit score.
LightStream personal loans
Finder Rating: 4.83 / 5: ★★★★★
LightStream personal loans
7.49% to 25.49%
Good to excellent credit
$5,000 to $100,000
Borrow up to $100,000 with low rates and no fees.
PenFed Credit Union personal loans
Finder Rating: 3.6 / 5: ★★★★★
PenFed Credit Union personal loans
7.99% to 17.99%
580
$600 to $50,000
With over 80 years of lending experience, this credit union offers personal loans for a variety of expenses.
Upstart personal loans
Finder Rating: 4.15 / 5: ★★★★★
Upstart personal loans
6.40% to 35.99%
300
$1,000 to $50,000
This service looks beyond your credit score to get you a competitive-rate personal loan.
Credible personal loans
Finder Rating: 4.3 / 5: ★★★★★
Credible personal loans
4.60% to 35.99%
Fair to excellent credit
$600 to $100,000
Get personalized prequalified rates in minutes and then choose an offer from a selection of top online lenders.
First Premier Lending
Not rated yet
First Premier Lending
5.99% to 35.99%
All credit types
$100 to $20,000
Short-Term Loans to Fit Your Needs
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Most personal loans come with fixed interest rates, which give you the same monthly repayments over the course of your loan. These can start just under 4% APR in some cases — though you generally need an excellent credit score of over 760 to qualify for that rate.

To find the right fixed-rate loan for you, also look at factors like requirements, available amounts and terms when comparing lenders.

How do fixed-rate personal loans work?

Fixed-rate loans come with rates that usually range from 4% to 36% APR, and stay the same while you repay the loan. With an online lender, you can usually borrow between $1,000 and $50,000 with terms from two to five years.

The rates, terms and loan amounts you can qualify for depend on factors like your credit score, income and debts. For the absolute lowest rates and highest loan amounts, you typically need a credit score of around 760 and a debt-to-income ratio (DTI) of 20% or lower.

What other factors should I consider?

Comparing interest rates alone won’t necessarily help you find a loan that’s the perfect fit for your particular situation. Take these factors into account before you pick a lender.

  • Requirements. Make sure you qualify before you apply. Lenders often require a good credit score of around 660, steady income and a DTI below 43% — though there are options for other credit score and DTI ranges.
  • Loan amounts. Go into your comparison knowing exactly how much you need to borrow and look for a lender offering that amount.
  • Loan term. Your term is how long you have to repay the loan — and how long you’ll be in debt.
  • Monthly repayments. Figure out how much you can comfortably pay each month and try to find a loan with fixed rates and terms that you can afford.
  • Collateral. Fixed-rate can be secured or unsecured. Backing your loan with collateral can help you qualify for higher amounts and lower rates, but you risk losing what you secure the loan with.
  • Prepayment penalties. Fixed-rate personal loans sometimes come with fees for paying your loan back early — though it’s uncommon.
  • Origination fees. Some lenders charge this flat fee, which you pay on closing, usually between 1% and 5%.

What to avoid

  • Extra-long terms. A long term can lower your monthly cost — but it means there’s more time for interest to add up.
  • High monthly repayments. A fixed rate makes it easy to figure out how much your loan will cost you. Use a calculator to make sure a loan offer fits your budget.
  • Not factoring in the origination fee. Lenders often deduct the origination fee from the funds before you get your loan — you could end up with less than you need if you don’t factor it in.
  • Not reading the fine print. Go over your loan contract so you’re aware of all fees, due dates and conditions.

How to apply for a fixed-rate loan

  1. Shop around. Use the table on this page to compare different fixed-rate personal loans — and read reviews so you know what you’re getting into.
  2. Prequalify. Many online lenders allow you to check the rates and terms you might qualify for by filling out a quick online form with basic information. Typically this doesn’t affect your credit.
  3. Apply and submit documents. After you compare offers and decide on a lender, follow the instructions to submit documents and additional information.
  4. Review and sign the contract. Make sure you understand the terms and conditions of your loan and how repayments work before you sign the contract.
  5. Wait for your funds. Typically you can get your loan as soon as the day after you send in your documents, though it varies depending on the lender.

How can I use a fixed-rate personal loan?

Personal loans that come with a fixed interest rate can be suitable to help you finance a wide range of different purposes, including:

Compare fixed rate loans now

Pros and cons of fixed-rate loans

  • Monthly repayments stay the same
  • No risk of interest rate increasing
  • Most lenders offer fixed-rate loans
  • Can be higher than variable rates
  • Not as flexible as other types of credit
  • Lowest rates excellent credit of 760 or higher

Compare fixed rate loans with different repayment terms

There are many different types of loans and some may be better for your individual situation than others. Compare these options.

Frequently asked questions

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