Why doesn’t Varo offer personal loans?
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.
3 alternatives to Varo personal 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 | 8.99% 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 |
|
Compare more personal loan providers
Select your credit score and state to see other top personal loan options.
Does Varo offer similar loans?
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.
Bottom line
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.
More guides on Finder
-
Liberty First Lending Review: Be Wary of Bait & Switch
A review of Liberty First Lending, a company that offers debt settlement services and possibly loans.
-
Does Bank of America offer personal loans? No – Here Are 5 Alternatives
See whether Bank of America fits your loan needs. The bank offers a variety of loans with a simple online application and discounts for existing customers.
-
CoffeeBreakLoans Review: Is It Legit?
Connect with lenders offering loans for all credit types, but lack of customer support and reviews could be a deal-breaker.
-
Achieve Personal Loans Review: Good for Co-Applicants
Get loans with unique rate reductions and options for debt consolidation, even with lower credit.
-
Does PayPal let you borrow money with a personal loan?
6 options to finance online shopping, borrow small amounts or compare lenders fast.
-
Loans like Best Egg
Find lenders similar to Best Egg for low-interest personal loans.
-
Does Capital One do personal loans? Not anymore, but here are 4 alternatives
The four best alternatives when you’re looking to borrow from a lender similar to Capital One.
-
How much money do you need to make to get a personal loan?
Your income is a crucial factor in determining how much you can borrow and if you’re even eligible. Find out exactly what you need to know before you apply.
-
Get a $1,500 loan
If you need cash for an emergency or to last you until payday, a $1,500 short-term loan could help — but with potential drawbacks.
-
Get a $1,000 Loan in 24 Hours
If you’re in need of $1,000 for an emergency, start a comparison of these bad credit lenders offering quick, unsecured $1,000 loans.
Ask a question