8 Loans Like SoFi®: Competitors & Alternatives for Personal Loans (2026)

LightStream offers even lower rates than SoFi®, with no fees on loans from $5,000 to $100,000. It's also one of the fastest lenders out there — you can receive your funds as soon as the same day you're approved in some cases. But look for another option if you want to replicate the member perks that SoFi® offers, such as investing accounts. LightStream almost exclusively offers personal loans. It's also one of the few online lenders that doesn't allow you to check your rate without affecting your credit. This makes it a better choice for borrowers with near-perfect credit and steady income.

• Not available in: Iowa, West Virginia

• Why we like it

  LightStream offers even lower rates than SoFi®, with no fees on loans from $5,000 to $100,000. It's also one of the fastest lenders out there — you can receive your funds as soon as the same day you're approved in some cases. But look for another option if you want to replicate the member perks that SoFi® offers, such as investing accounts. LightStream almost exclusively offers personal loans. It's also one of the few online lenders that doesn't allow you to check your rate without affecting your credit. This makes it a better choice for borrowers with near-perfect credit and steady income.

• Pros and cons

  Pros

  • Low rates starting at 9.99%
  • No fees
  • Long terms for low monthly payments

  Cons

  • No prequalification
  • Requires good to excellent credit
  • Only offers loans to most customers

• More details

  Loan amount	$5,000 to $100,000
  APR	Varies by loan purpose
  Interest Rate Type	Fixed
  Min. credit score	Good to excellent credit
  Turnaround Time	As soon as same day
  Loan Term	Up to 20 years for home improvement; 2–7 years for most other purposes

• Partner terms and conditions

  Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Lowest rates require excellent credit. At least 27% of approved applicants applying for the lowest rate qualified for the lowest rate available based on data from 10/01/2024 to 12/31/2024. Rate is quoted with AutoPay discount. AutoPay discount is only available prior to loan funding. Rates without AutoPay are 0.50% points higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice.
  
  Payment example: Monthly payments for a $25,000 loan at 6.49% APR with a term of 3 years would result in 36 monthly payments of $766.11.
  
  Maximum APR for a LightStream loan is 25.79%. Loan terms range from 24 - 240 months depending on the loan type.

This newer online lender considers things like your education when considering you for its unsecured, fixed-rate loans. This makes it a great option for borrowers with fair credit scores due to a short credit history. But the lender charges an origination fee of up to 12% of your loan amount and can have a high APR compared to SoFi®. Still, it could be a good option for building your credit history to the point where you can qualify for a SoFi® loan.

• Not available in: Connecticut, Iowa, Maine, Maryland, Nevada, New York, Oklahoma, Oregon, West Virginia

• Why we like it

  This newer online lender considers things like your education when considering you for its unsecured, fixed-rate loans. This makes it a great option for borrowers with fair credit scores due to a short credit history. But the lender charges an origination fee of up to 12% of your loan amount and can have a high APR compared to SoFi®. Still, it could be a good option for building your credit history to the point where you can qualify for a SoFi® loan.

• Pros and cons

  Pros

  • No minimum credit score
  • Education and career factor into your rate
  • No prepayment fees

  Cons

  • High origination fees of up to 12%
  • High rates compared to SoFi

• More details

  Loan amount	$1,000 to $75,000
  APR	6.30%–35.99% (includes any origination fee)
  Interest Rate Type	Fixed
  Min. credit score	300
  Turnaround Time	As soon as the next business day
  Loan Term	3 or 5 years

OneMain may be a good choice if you're looking for a loan like SoFi® but have bad credit. While rates start at a high 11.99%, it's lower than most bad credit alternatives, which easily top 100% APR. It also offers the option to secure your loan with collateral to lower your rate.

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

• Why we like it

  OneMain may be a good choice if you're looking for a loan like SoFi® but have bad credit. While rates start at a high 11.99%, it's lower than most bad credit alternatives, which easily top 100% APR. It also offers the option to secure your loan with collateral to lower your rate.

• Pros and cons

  Pros

  • Offers both secured and unsecured loans
  • Allows joint applications
  • Considers poor credit applicants

  Cons

  • Higher APRs than competing lenders
  • Origination fees vary by state
  • High starting APR

• More details

  Loan amount	$1,500 to $30,000
  APR	11.99% to 35.99%
  Interest Rate Type	Fixed
  Min. credit score	Not specified
  Turnaround Time	As soon as one hour
  Loan Term	24 – 60 months

• Partner terms and conditions

  You must complete a loan application and continue to meet any criteria used to select you for a loan offer. Not all applicants are approved. Loan approval and actual loan terms depend on applicant’s state of residence and ability to meet OneMain Financial credit standards such as a responsible credit history, sufficient income after monthly expenses, and if applicable, availability of eligible collateral.  
   
  Not all approved applicants qualify for larger loan amounts, lower APRs, or the most favorable loan terms. For example, larger loan amounts typically require a first lien on a motor vehicle that is no more than ten years old, meets our value requirements, and is titled in applicant’s name with valid insurance. APRs are generally higher on loans not secured by a vehicle. Example Loan: A $6,000 loan with a 24.99% APR that is repayable in 60 monthly installments would have monthly payments of $176.07.
   
  OneMain charges origination fees allowed by law. Depending on the state where the loan is opened, the origination fee may be either a flat amount or a percentage of the loan amount. Flat fees vary by state, ranging from $25 to $500. Percentage-based fees vary by state, ranging from 1% to 10% of the loan amount subject to certain state limits on the fee amount. For information about these fees and minimum and maximum loan sizes available in certain states, visit omf.com/loanfees.
   
  Current OneMain Customers:  Loan offers presented to a consumer assume the individual has no active loan with OneMain or one of its affiliates.  If a customer applies for a new loan offer, a OneMain representative will discuss available options.
   
  Active-duty military, their spouse or dependents covered by the Military Lending Act (MLA) may not pledge any vehicle as collateral.  If you are covered by the MLA, you are not eligible for secured loans.
   
  Loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z such as college, university or vocational expense; for any business or commercial purpose; to purchase cryptocurrency assets, securities, derivatives or other speculative investments; or for gambling or illegal purposes.
   
  Time to Fund Loans: Funding within one hour after loan closing through SpeedFunds® must be disbursed to a bank-issued debit card. Disbursement by check or ACH may take up to 1-2 business days after closing.

Best Egg may have slightly higher rates and fees than SoFi, but it's one of the few online lenders with positive reviews across the board. It's consistently received high ratings on review sites such as the Better Business Bureau (BBB), Trustpilot, and Credit Karma. Customer experience at SoFi appears to be more mixed — especially if you look at the high volume of complaints filed against it on the BBB. Best Egg also accepts some fair credit borrowers, making it a good alternative for those who can't qualify for a SoFi loan.

• Not available in: Iowa, Vermont, West Virginia

• Why we like it

  Best Egg may have slightly higher rates and fees than SoFi, but it's one of the few online lenders with positive reviews across the board. It's consistently received high ratings on review sites such as the Better Business Bureau (BBB), Trustpilot, and Credit Karma. Customer experience at SoFi appears to be more mixed — especially if you look at the high volume of complaints filed against it on the BBB. Best Egg also accepts some fair credit borrowers, making it a good alternative for those who can't qualify for a SoFi loan.

• Pros and cons

  Pros

  • Positive customer reviews
  • Accepts fair credit
  • Loans start at $2,000

  Cons

  • High APRs from 6.99% to 35.99%
  • Origination fee of 0.99% to 9.99%
  • No loans over $50,000

• More details

  Loan amount	$2,000 to $50,000
  APR	6.99% to 35.99%
  Interest Rate Type	Fixed
  Min. credit score	640
  Turnaround Time	As soon as the next business day
  Loan Term	36 to 60 months (unsecured); 60 to 84 months (home-secured)

• Partner terms and conditions

  *Trustpilot TrustScore as of April 2025. Best Egg loans are personal loans made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender, Column N.A., Member FDIC, Equal Housing Lender, or Blue Ridge Bank, N.A., Member FDIC, Equal Housing Lender. The term, amount, and APR of any loan we offer to you will depend on your credit score, income, debt payment obligations, loan amount, credit history and other factors. Your loan agreement will contain specific terms and conditions. About half of our customers get their money the next day. After successful verification, your money can be deposited in your bank account within 1-3 business days. The timing of available funds upon loan approval may vary depending upon your bank’s policies. Loan amounts range from $2,000– $50,000. Residents of Massachusetts have a minimum loan amount of $6,500 ; Ohio, $5,001; and Georgia, $3,001. For a second Best Egg loan, your total existing Best Egg loan balances cannot exceed $100,000. Annual Percentage Rates (APRs) range from 6.99%–35.99%. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0.99%– 9.99% of your loan amount, which will be deducted from any loan proceeds you receive. The origination fee on a loan term 4-years or longer will be at least 4.99%. Your loan term will impact your APR, which may be higher than our lowest advertised rate. You need a minimum 700 FICO® score and a minimum individual annual income of $100,000 to qualify for our lowest APR. For example: a 5‐year $10,000 loan with 9.99% APR has 60 scheduled monthly payments of $201.81, and a 3‐year $5,000 loan with 7.99% APR has 36 scheduled monthly payments of $155.12. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. Best Egg products are not available if you live in Iowa, Vermont, West Virginia, the District of Columbia, or U.S. Territories. TO REPORT A PROBLEM OR COMPLAINT WITH THIS LENDER, YOU MAY WRITE OR CALL– Operations Manager, Email: crt-resolutions@bestegg.com, Address: P.O. Box 42912, Philadelphia, PA 19101, Phone: 1-855-282-6353. This lender is licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504. To report any unresolved problems or complaints, contact the division by telephone at (505) 476-4885 or visit the website https://www.rld.nm.gov/financial-institutions/

Formerly known as FreedomPlus, Achieve can be a great option for those who want to share the responsibility of the loan with a spouse, relative or anyone else. While there's an origination fee of up to 8.99%, APRs are similar to what SoFi offers borrowers after relationship discounts. Plus, Achieve offers a rate discount of up to 5.5% for borrowers who apply with a co-borrower. Solo borrowers can also qualify for a debt consolidation discount of up to 6% on their rate if they have the loan sent directly to creditors.

• Available in: Alabama, Alaska, Arizona, Arkansas, California, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington

• Why we like it

  Formerly known as FreedomPlus, Achieve can be a great option for those who want to share the responsibility of the loan with a spouse, relative or anyone else. While there's an origination fee of up to 8.99%, APRs are similar to what SoFi offers borrowers after relationship discounts. Plus, Achieve offers a rate discount of up to 5.5% for borrowers who apply with a co-borrower. Solo borrowers can also qualify for a debt consolidation discount of up to 6% on their rate if they have the loan sent directly to creditors.

• Pros and cons

  Pros

  • Joint applicant discount
  • Debt consolidation discount
  • Similar rates as SoFi

  Cons

  • Origination fee
  • Limited state availability
  • No autopay discount

• More details

  Loan amount	$5,000 to $50,000
  APR	6.25% to 35.99%
  Interest Rate Type	Fixed
  Min. credit score	640
  Turnaround Time	As soon as same business day
  Loan Term	24 to 60 months

• Not available in: Iowa, Kentucky, Massachusetts, Michigan, Montana, Virginia, West Virginia

• Why we like it

  Avant offers personal loans to borrowers who can't qualify for a SoFi loan, including the self-employed, who often find it hard to prove a stable income. Get funds deposited into your account as soon as the next business day, but you'll pay higher interest and fees.

• Pros and cons

  Pros

  • Quick approval and funding
  • Pay no fee for early repayment
  • Reports to the three major credit bureaus to help build your credit

  Cons

  • Maximum loan amount varies by state
  • May not be available in all states
  • Potentially high origination fees if approved

• More details

  Loan amount	$2,000 to $35,000
  APR	9.95% to 35.99%
  Interest Rate Type	Fixed
  Min. credit score	550
  Turnaround Time	As soon as the next business day
  Loan Term	24 to 60 months

• Partner terms and conditions

  Personal loans from $2,000–$35,000. If approved, the actual loan amount, term, and APR that a customer qualifies for may vary based on credit determination and other factors. Avant branded credit products are issued by WebBank, member FDIC.

Upgrade can be a good alternative if SoFi's minimum loan amount is too high for your needs. It's one of the few personal loan providers that offers loans as low as $1,000 — though loans stop at $50,000. It also accepts credit scores as low as 580. The trade-off is higher rates and an origination fee that ranges from 1.85% to 9.99%.

• Not available in: Colorado, Iowa, Maryland, Vermont, West Virginia

• Why we like it

  Upgrade can be a good alternative if SoFi's minimum loan amount is too high for your needs. It's one of the few personal loan providers that offers loans as low as $1,000 — though loans stop at $50,000. It also accepts credit scores as low as 580. The trade-off is higher rates and an origination fee that ranges from 1.85% to 9.99%.

• Pros and cons

  Pros

  • Low loan amounts
  • Accepts fair credit
  • Free credit monitoring

  Cons

  • High origination fee
  • Higher APRs than SoFi

• More details

  Loan amount	$1,000 to $50,000
  APR	7.74% to 35.99% (includes origination fee)
  Interest Rate Type	Fixed
  Min. credit score	580
  Turnaround Time	1 to 4 business days
  Loan Term	2 to 7 years

• Partner terms and conditions

  Personal loans made through Upgrade feature Annual Percentage Rates (APRs) of 7.99%-35.99%. All personal loans have a 1.85% to 9.99% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 24 to 84 months. For example, if you receive a $10,000 loan with a 36-month term and a 17.59% APR (which includes a 13.94% 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 $341.48. Over the life of the loan, your payments would total $12,293.46. 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 Upgrade's bank partners. Information on Upgrade's bank partners can be found at https://www.upgrade.com/bank-partners/.

A peer-to-peer lender, Prosper could get you up to $50,000 to consolidate your debt, start a business, improve your home and more, even if your credit is less than stellar. But you'll wait five business days or longer for your loan to be funded, even after approval.

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

• Why we like it

  A peer-to-peer lender, Prosper could get you up to $50,000 to consolidate your debt, start a business, improve your home and more, even if your credit is less than stellar. But you'll wait five business days or longer for your loan to be funded, even after approval.

• Pros and cons

  Pros

  • Offers loans for a variety of purposes
  • Low starting APRs
  • Simple terms of 3 years or 5 years

  Cons

  • Loans capped at $50,000
  • Offers only 2 fixed term lengths
  • Longer turnaround time than SoFi

• More details

  Loan amount	$2,000 to $50,000
  APR	8.99% to 35.99%
  Interest Rate Type	Fixed
  Min. credit score	640
  Turnaround Time	As soon as 1 business day
  Loan Term	2 to 5 years