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Varo personal loan alternatives

Last updated:  

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.

Lender Best for … Loan amount APR Loan term
SoFi Online lenders with banking options $1,000 to $100,000 5.99% to 18.53% 24 to 84 months
Get your rate
Rocket Loans Quick funding for loans under $25,000 $2,000 to $45,000 7.16% to 29.99% 36 to 60 months Read review
Fiona Comparing a wide range of lenders $1,000 to $100,000 4.99% to 35.99% 24 to 72 months
Get your rate

Compare more personal loan providers

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

Data indicated here is updated regularly
Name Product Filter Values APR Min. Credit Score Max. Loan Amount
Credible personal loans
4.99% to 35.99%
Fair to excellent credit
$100,000
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
Monevo personal loans
3.49% to 35.99%
None
$100,000
Quickly compare multiple online lenders with competitive rates depending on your credit.
Fiona personal loans
4.99% to 35.99%
Good
$100,000
Get loan offers from multiple lenders at once without affecting your credit score.
LendingTree personal loans
Starting from 2.49%
Good to excellent credit
$50,000
Receive up to five loan offers in just minutes through LendingTree's simple online form.
SoFi personal loans
5.99% to 18.28%
680
$100,000
A highly-rated lender with competitive rates, high loan amounts and no fees.
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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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