Varo doesn’t provide any information on why it stopped offering personal loans, but it seems to now focus exclusively on its banking program. As the first fintech company to receive a national bank charter, it’s making headway in the finance industry — but this does mean you’ll need to look elsewhere for loans.
We selected three of our top lenders as alternatives to Varo. They offer similar terms and perks, and you won’t need to wait for an invitation to apply.
|
SoFi |
Online lenders with banking options |
$5,000 to $100,000 | 9.49% to 29.99% | 2 years to 7 years |
|
|
Rocket Loans |
Quick funding for loans under $25,000 |
$2,000 to $45,000 | 9.12% to 29.99% | 3 years to 5 years |
|
|
MoneyLion |
Comparing a wide range of lenders |
$500 to $100,000 | Varies by lender |
2 to 20 years |
|
Select your credit score and state to see other top personal loan options.
We currently don’t have that product, but here are others to consider:
How we picked theseThe Finder Score crunches 6+ types of personal loans across 50+ lenders. It takes into account the product’s interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate – this gives you a simple score out of 10.
As of October 2023, Varo offers cash advances, and if you have a Varo bank account but don’t want to use Varo’s cash advance you can still access cash advances that work with Varo. However, you can open a checking or savings account with it. Learn more with our review of Varo’s digital banking service.
With Varo out of the picture, SoFi, Rocket Loans and MoneyLion are three solid alternatives to its previous lending program. But before submitting an application, you should also read more about personal loans to find the right lender for your finances.
Considering a loan from Reprise Financial or OneMain Financial? Check out our side-by-side comparison first.
$50K+ personal loans exist, but most borrowers don’t know where to find them. Do you?
A review of Pennie Financial, a company that appears to be a personal loans marketplace but likely shares your information with debt settlement partners.
Legit lenders don’t offer guaranteed approval loans, but some options come pretty close if you can meet the lenient requirements to qualify.
Get personal loans fast, but be aware: loan terms may vary from what’s advertised.
Bankers Healthcare Group isn’t just for licensed healthcare workers. Compare large loans up to $200,000 with this legit online lender.
Compare 11 lenders to find one that’s a good fit for your needs.
Loan and grant opportunities for people with a felony, what you need to qualify for loans and other resources for people who were formerly incarcerated.
Secured and unsecured personal loans for credit scores below 580.
With Eloan take advantage of a convenient online application, but be wary of potential scams.