Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

Varo personal loan alternatives

This online bank no longer offers loans — compare 3 lenders that do.

No reviews yet. Write a review

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
Go to site

Rocket Loans

Quick funding for loans under $25,000

$2,000 to $45,000 9.12% to 29.99% 3 years to 5 years
Go to site

MoneyLion

Comparing a wide range of lenders

$500 to $100,000 Varies by lender

2 to 20 years

Go to site

Compare more personal loan providers

Select your credit score and state to see other top personal loan options.

1 – 5 of 5
Name Product USFPL Filter Values APR Min. credit score Loan amount
Best Egg personal loans
Finder Score: 3.8 / 5: ★★★★★
Best Egg logo
7.99% to 35.99%
640
$2,000 to $50,000
Fast and easy personal loan application process. See options first without affecting your credit score.
Upstart personal loans
Finder Score: 4.2 / 5: ★★★★★
Bankrate logo
7.40% to 35.99%
300
$1,000 to $50,000
This service looks beyond your credit score to get you a competitive-rate personal loan.
SoFi personal loans
Finder Score: 4.4 / 5: ★★★★★
Bankrate logo
8.99% to 29.99% fixed APR
680
$5,000 to $100,000
A highly-rated lender with competitive rates, high loan amounts and no required fees.
Upgrade
Finder Score: 4 / 5: ★★★★★
Bankrate logo
9.99% to 35.99%
580
$1,000 to $50,000
Check your rates with this online lender without impacting your credit score.
LendingPoint personal loans
Finder Score: 3.3 / 5: ★★★★★
Bankrate logo
7.99% to 35.99%
Not stated
$2,000 to $36,500
Get a personal loan with reasonable rates even if you have a fair credit score in the 600s.
loading

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.

Kellye Guinan's headshot
Written by

Writer

Kellye Guinan is a freelance editor and writer, specializing in consumer lending. Her writing and analysis has been featured on Bankrate, MSN and MediaFeed. She holds degrees in anthropology and German language and literature from Middle Tennessee State University. See full bio

Kellye's expertise
Kellye has written 64 Finder guides across topics including:
  • Personal, business, student and car loans
  • Credit scores
  • Car financing
  • Debt consolidation
More resources on Finder

More guides on Finder

Ask a question

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site