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Varo personal loan alternatives

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

Varo’s personal loan program was limited in scope, but because the online fintech bank has moved away from lending, these are the best alternatives to its former offers.

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.


Online lenders with banking options

$5,000 to $100,000

7.99% to 23.43%

2 years to 7 years

Rocket Loans

Quick funding for loans under $25,000

$2,000 to $45,000

5.97% to 29.99%

3 years to 5 years


Comparing a wide range of lenders

$250 to $250,000

3.49% to 35.99%

2 years to 12 years

Compare more personal loan providers

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

1 – 7 of 7

Name Product Filter Values APR Min. Credit Score Loan Amount
Best Egg personal loans
7.99% to 35.99%
$2,000 to $50,000
A prime online lending platform with multiple repayment methods.
Credible personal loans
3.99% to 35.99%
Fair to excellent credit
$600 to $100,000
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
4.98% – 35.99%
Poor to excellent credit
$1,500 to $100,000
FreedomPlus personal loans
7.99% to 29.99%
$5,000 to $50,000
Consolidate debt and more with these low-interest loans. Cosigners welcome.
Upstart personal loans
5.6% to 35.99%
$1,000 to $50,000
This service looks beyond your credit score to get you a competitive-rate personal loan.
Upgrade personal loans
7.46% to 35.97%
$1,000 to $50,000
Affordable loans with two simple repayment terms and no prepayment penalties.
SoFi personal loans
7.99% to 23.43%
$5,000 to $100,000
A highly-rated lender with competitive rates, high loan amounts and no fees.

Compare up to 4 providers

Does Varo offer similar loans?

As of October 2020, Varo doesn’t offer any other loan options. 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 Fiona 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.

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