16 Personal Loans for Weddings: Financing Your Marriage

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While weddings tend to be joyous affairs, they can also be very expensive — the average cost for a wedding reception in 2021 was $22,500, according to The Knot.

If you don’t have this much cash on hand, a wedding loan could help you cover the cost.

Here’s what you should know about wedding loans and where to find them:

• 16 best lenders for weddings
• How to qualify for a wedding loan
• How to get the lowest interest rate on a wedding loan
• Do banks or credit unions give loans for weddings?
• Wedding loan costs
• Wedding loan pros and cons
• Alternatives to wedding loans
• Is a wedding loan right for me?

16 best lenders for weddings

A wedding loan is a type of personal loan used to cover wedding costs. If you’re considering this type of loan, it’s important to compare as many lenders as possible to find the right low interest personal loan for you.

Here are Credible’s partner lenders that offer personal loans for weddings:

Lender	Fixed rates	Loan amounts	Min. credit score	Loan terms (years)	Cosigners allowed?
Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. View details	9.95% - 35.99% APR	$2,000 to $35,000**	550	2, 3, 4, 5*	No
Fixed APR: 9.95% - 35.99% APR Variable APR: N/A Min. credit score: 550 Loan amount: $2,000 to $35,000** Loan terms (years): 2, 3, 4, 5* Time to fund: As soon as the next business day (if approved by 4:30 p.m. CT on a weekday) Fees: Origination fee Discounts: Autopay Eligibility: Available in all states except CO, IA, HI, VT, NV NY, WV Customer service: Phone, email Soft credit check: Yes Loan servicer: Avant Loan Uses: Debt consolidation, emergency expense, life event, home improvement, and other purposes Min. Income: $1,200 monthly
Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. View details	7.99% - 15.19% APR	$10,000 to $50,000	700	3, 4, 5, 6	No
Fixed APR: 7.99% - 15.19% APR Variable APR: N/A Min. credit score: 700 Loan amount: $10,000 to $50,000 Loan terms (years): 3 to 6 Time to fund: Next business day Fees: No prepayment penalty Discounts: None Eligibility: Available in all 50 states Customer service: Phone Soft credit check: Yes Min. Income: Does not disclose Loan Uses: Debt consolidation, home improvement, self-employment, and other purposes
Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. View details	8.99% - 35.99% APR	$5,000 to $35,000	600	3, 5	No
Fixed APR: 8.99% - 35.99% APR Variable APR: N/A Min. credit score: 600 Loan amount: $2,000 to $50,000 Loan terms (years): 2, 3, 4, 5 Time to fund: As soon as 1 to 3 business days after successful verification Fees: Origination fee Discounts: None Eligibility: Available in all states except DC, IA, VT, and WV Customer service: Phone Soft credit check: Yes Loan servicer: Best Egg and Blue Ridge Bank Min. Income: None Loan Uses: Credit card refinancing, debt consolidation, home improvement, and other purposes
Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. View details	6.99% - 24.99% APR	$2,500 to $35,000	660	3, 4, 5, 6, 7	No
Fixed APR: 6.99% - 24.99% APR Min. credit score: 660 Loan amount: $2,500 to $35,000 Loan terms (years): 3, 4, 5, 6, 7 Time to fund: As soon as the next business day after acceptance Fees: Late fee Discounts: None Eligibility:  Available in all 50 states Customer service: Phone Soft credit check: Yes Loan Uses: Auto repair, credit card refinancing, debt consolidation, home remodel or repair, major purchase, medical expenses, taxes, vacation, and wedding
Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. View details	7.99% - 29.99% APR	$10,000 to $50,000	Not disclosed by lender	2, 3, 4, 5	Yes
Fixed APR: 7.99% - 29.99% APR Min. credit score: Does not disclose Loan amount: $10,000 to $50,000 Loan terms (years): 2, 3, 4, 5 Time to fund: If approved, funds sent within 24-72 hours† Fees: Origination fee Discounts: No Eligibility: Available in all states except CO, CT, HI, KS, NH, NY, ND, OR, VT, WV, WI, and WY Customer service: Phone Soft credit check: Yes Min. Income: None Loan Uses: Debt consolidation, home improvement, wedding, travel, medical expenses, and other purposes
Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. View details	8.3% - 36.0% APR	$1,000 to $40,000	600	3, 5	Yes
Fixed APR: 8.3% - 36.0% APR Min. credit score: 600 Loan amount: $1,000 to $40,000 Loan terms (years): 3, 5 Time to fund: Usually takes about 2 days† Fees: Origination fee Discounts: None Eligibility: Available in all 50 states Customer service: Phone, email Soft credit check: Yes Loan servicer: LendingClub Bank Min. Income: None Loan Uses: Debt consolidation, paying off credit cards, home improvement, pool loans, vacations, and other purposes
Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. View details	7.99% - 35.99% APR	$2,000 to $36,500	580	2, 3, 4, 5, 6	No
Fixed APR: 7.99% - 35.99% APR Min. credit score: 580 Loan amount: $2,000 to $36,500 Loan terms (years): 2, 3, 4, 5, 6 Time to fund: As soon as the next business day Fees: Origination fee Discounts: Autopay Eligibility: Available in all states except NV and WV Customer service: Phone, email Soft credit check: Yes Min. Income: $20,000 Loan Uses: Home improvement, consolidate debt, credit card refinancing, relocate, make a large purchase, and other purposes
Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. View details	5.99% - 22.49% APR	$5,000 to $100,000	660	2, 3, 4, 5, 6, 7 (up to 12 years for home improvement loans)	Yes
Fixed APR: 5.99% - 22.49% APR Min. credit score: 660 Loan amount: $5,000 to $100,000 Loan terms (years): 2, 3, 4, 5, 6, 7* Time to fund: As soon as the same business day Fees: None Discounts: Autopay Eligibility: Available in all states except RI and VT Customer service: Phone, email Soft credit check: No Loan servicer: LightStream Min. Income: Does not disclose Loan Uses: Credit card refinancing, debt consolidation, home improvement, and other purposes
Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. View details	6.99% - 24.99% APR1	$3,500 to $40,0002	660 (TransUnion FICO®️ Score 9)	3, 4, 5, 6, 7	No
Fixed APR: 6.99% - 24.99% APR1 Min. credit score: 660 (TransUnion FICO®️ Score 9) Loan amount: $3,500 to $40,0002 Loan terms (years): 3, 4, 5, 6 Time to fund: Many Marcus customers receive funds in as little as three days Fees: None Discounts: Autopay Eligibility: Available in all 50 states Customer service: Phone Soft credit check: Yes Loan servicer: Goldman Sachs Min. Income: $30,000 Loan Uses: Credit card refinancing, debt consolidation, home improvement, major purchase, and other purposes
Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. View details	18.0% - 35.99% APR	$1,500 to $20,000	None	2, 3, 4, 5	Yes
Fixed APR: 18.0% - 35.99% APR Min. credit score: None Loan amount: $1,500 to $20,000 Loan terms (years): 2, 3, 4, 5 Time to fund: As soon as the same day, but usually requires a visit to a branch office Fees: Origination fee Discounts: None Eligibility: Must have photo I.D. issued by U.S. federal, state or local government Customer service: Phone, email Soft credit check: Yes Min. Income: Does not disclose
Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. View details	7.74% - 17.99% APR	$600 to $50,000 (depending on loan term)	660	1, 2, 3, 4, 5	No
Fixed APR: 7.74% - 17.99% APR Min. credit score: 660 Loan amount: $600 to $50,000* Loan terms (years): 1, 2, 3, 4, 5 Time to fund: 2 to 4 business days after verification Fees: None Discounts: None Eligibility: Does not disclose Customer service: Phone, email Soft credit check: No Min. Income: Does not disclose Loan Uses: Debt consolidation, home improvement, transportation, medical, dental, life events
Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. View details	6.99% - 35.99% APR	$2,000 to $50,000	640	2, 3, 4, 5	No
Fixed APR: 6.99% - 35.99% APR Min. credit score: 640 Loan amount: $2,000 to $50,000 Loan terms (years): 2, 3, 4, 5 Time to fund: As soon as one business day Fees: Origination fee Discounts: None Eligibility: Available in all states except IA, ND, WV Customer service: Phone, email Soft credit check: Yes Min. Income: None Loan Uses: Debt consolidation, home improvement, vehicles, small business, new baby expenses, and other purposes
Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. View details	7.99% - 23.43% APR10	$5,000 to $100,000	Does not disclose	2, 3, 4, 5, 6, 7	Yes
Fixed APR: 7.99% - 23.43% APR10 Min. credit score: Does not disclose Loan amount: $5,000 to $100,000 Loan terms (years): 2, 3, 4, 5, 6, 7 Time to fund: 3 business days Fees: None Discounts: Autopay Eligibility: Available in all states except MS Customer service: Phone, email Soft credit check: Yes Min. Income: Does not disclose Loan Uses: Solely for personal, family, or household uses
Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. View details	11.69% - 35.93% APR7	$1,000 to $50,000	560	3 to 5 years 8	No
Fixed APR: 11.69% - 35.93% APR7 Min. credit score: 560 Loan amount: $1,000 to $50,000 Loan terms: 3 to 5 years 8 Time to fund: Within one day, once approved9 Loan types: Debt consolidation, pay off credit cards, home improvements, unexpected expenses, home and auto repairs, weddings, and other major purchases Fees: Origination fee Discounts: Autopay Eligibility: A U.S. citizen or permanent resident; not available in DC, SC, WV Customer service: Phone, email Soft credit check: Yes
Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. View details	7.96% - 35.97% APR	$1,000 to $50,000	560	2, 3, 5, 6	No
Fixed APR: 7.96% - 35.97% APR Min. credit score: 560 Loan amount: $1,000 to $50,000* Loan terms (years): 2, 3, 5, 6 Time to fund: Within a day of clearing necessary verifications Fees: Origination fee Discounts: Autopay Eligibility: Available in all states except West Virginia Customer service: Email Soft credit check: Yes Min. Income: Does not disclose Loan Uses: Debt consolidation, credit card refinancing, home improvement, and other purposes
Credible Rating Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology. View details	5.4% - 35.99% APR4	$1,000 to $50,0005	580	3 to 5 years4	No
Fixed APR: 5.4% - 35.99% APR4 Min. credit score: 580 Loan amount: $1,000 to $50,0005 Loan terms (years): 3 to 5 years4 Time to fund: As fast as 1 business day6 Fees: Origination fee Discounts: None Eligibility: Available in all 50 states Customer service: Phone, email Soft credit check: Yes Min. Income: $12,000 Loan Uses: Payoff credit cards, consolidate debt, take a course or bootcamp, relocate, make a large purchase, and other purposes
Compare rates from these lenders without affecting your credit score. 100% free! Compare Now Trustpilot
All APRs reflect autopay and loyalty discounts where available | LightStream disclosure | 10SoFi Disclosures | Read more about Rates and Terms

Learn More: How to Check If a Personal Loan Company Is Legitimate

How to qualify for a wedding loan

To find a wedding loan that works for you, follow these four steps:

1. Consider how much money you’ll need. After you’ve talked to vendors and gotten quotes, come up with a complete budget for your wedding. Once you have a total, think about how much money you, your partner, and your families can contribute to the cost. The remaining balance is how much of a loan you might need.
2. Check your credit score. When you apply for a loan, the lender will review your credit to determine your creditworthiness — so it’s a good idea to check your credit beforehand to see where you stand. You can use a site like AnnualCreditReport.com to review your credit reports for free. If you find any errors, dispute them with the appropriate credit bureaus to potentially boost your credit score.
3. Have documents ready. Lenders will want to verify your income as well as see what other debt you might already have. Be prepared to provide documentation that shows this, such as tax returns, pay stubs, or bank statements.
4. Prequalify for a loan if possible. Many lenders allow borrowers to see their personalized rates with only a soft credit check that won’t affect their credit — for example, you can check your prequalified rates from Credible’s partner lenders with no impact on your credit.

How to get the lowest interest rate on a wedding loan

There are a few strategies that could help you find a good rate on a wedding loan, including:

• Improve your credit score. To get the lowest interest rate possible on a wedding loan, work on boosting your credit score. Pay all of your bills on time and pay down any debt you may have to improve your credit score.
• Shop around. It’s a good idea to compare offers from multiple personal loan lenders to get the best rates. Many of them will let you prequalify with just a soft credit inquiry, which has no effect on your credit score.
• Add a cosigner. If you have trouble getting approved for a loan, or if the interest rate is too high, ask a friend or relative with good credit and a stable income to cosign the loan with you. A cosigner is responsible for making payments on the loan if you fall behind, lessening the risk to the lender. Having one boosts your chances of getting approved and scoring a low interest rate.

If you decide to take out a personal loan, remember to compare as many lenders as you can to find the right loan for you. Credible makes this easy — you can compare your prequalified rates from multiple lenders in two minutes.

Do banks or credit unions give loans for weddings?

Yes, you might be able to get a personal loan for a wedding from a traditional bank or credit union.

• Banks: Not all banks offer personal loans, but some do. Keep in mind that banks sometimes have more stringent requirements compared to other types of lenders. If you already have an account with a bank, you might have an easier time qualifying with them for a personal loan — this might also score you a loyalty rate discount.
• Credit unions: Because credit unions are nonprofit organizations, they tend to have lower rates compared to banks. Keep in mind that while you typically don’t have to be a credit union member to apply for a loan, you’ll have to join if you are approved and want to accept the loan. The eligibility criteria to become a member will vary by credit union but in many cases, but requirements often include living in a certain area, working in a specific field, or joining an associated organization.

Check Out: Everything You Need to Know About Financing an Engagement Ring

Wedding loan costs

Several factors impact the cost of a wedding loan, including your interest rate and repayment term. In general, borrowers with good credit will get lower interest rates compared to borrowers with bad credit. Additionally, choosing a shorter repayment term could help you get a better rate.

If you decide to take out a personal loan to cover your wedding costs, be sure to consider how much that loan will cost you over time. This way, you can prepare for any added expenses. Use our personal loan calculator below to estimate how much you’ll pay for a loan before you borrow.

Learn More: Where to Get a $20,000 Personal Loan Fast

Wedding loan pros and cons

Here are a few pros and cons of wedding loans to consider before you borrow:

Pros	Cons
Quick access to cash Lower interest rates than credit cards Long repayment terms available Range of loan amounts available	Could keep you in debt longer Fewer options available for bad credit Might come with fees Could encourage overspending

Pros

• Quick access to cash: The time to fund for a personal loan is typically one week — though some lenders will fund loans as soon as the same or next business day after approval. You can then use your funds for almost any personal expense that comes up with your wedding.
• Lower interest rates than credit cards: Personal loan interest rates are usually lower compared to credit card rates. This can make a personal loan a less expensive option.
• Long repayment terms: Some lenders offer long-term personal loans with terms as long as seven years. This can help keep your monthly payments more affordable. Just remember that choosing a longer term means you’ll pay more in interest over time.
• Range of loan amounts available: With a personal loan, you can typically borrow $600 up to $100,000 or more, depending on the lender. This could offer greater flexibility when it comes to covering the costs for your dream wedding — for example, paying for an expensive venue or longer guest list.

Cons

• Could keep you in debt longer: Depending on the repayment term you choose, you could be paying for your wedding for several years. This might lead you to put off other financial goals, such as saving for retirement or buying a home.
• Fewer options available for bad credit: You’ll typically need good to excellent credit to qualify for a personal loan. While some lenders offer personal loans for bad credit, these typically come with higher interest rates compared to good credit loans — which means you’ll pay more in interest over time.
• Might come with fees: Depending on the lender, you might have to pay origination or other fees, which can add to your overall cost. Keep in mind, though, that if you take out a personal loan with one of Credible’s partner lenders, you won’t have to worry about prepayment penalties.
• Could encourage overspending: You might be able to borrow up to $100,000 or more with a personal loan. While this could be helpful for covering all of your expenses, it might tempt some borrowers to spend more than they really need to.

Check Out: How to Get a $50,000 Personal Loan Fast

Alternatives to wedding loans

While wedding loans might be a good option in some cases, they aren’t right for everyone. Here are a couple of alternatives to consider:

• High-yield savings account: With a high-yield savings account, you can generally earn more in interest on your savings compared to standard savings accounts. However, keep in mind that you’ll likely need to spend some significant time saving before you’ll have the funds you need, which could delay your wedding plans.
• Credit card: Another option is to use a credit card to cover your wedding costs. Unlike a personal loan, a credit card lets you repeatedly draw on and pay off your credit line. Additionally, some cards offer a 0% APR introductory period, which means you could avoid paying interest if you repay your balance before this period ends. However, if you can’t pay off the card in time, you could be stuck with some hefty interest charges.

Here’s a quick glance at how a personal loan stacks up to a credit card:

	Personal loan	Credit card
Average APR	Varies	16.15% APR (as of April 2021)
Loan amounts	$600 to $100,000 (with Credible partner lenders)	Up to $500,000 (depending on your credit and the company)
Terms	1 to 7 years (depending on lender)	N/A (revolving line of credit)
Benefits	Lower interest rates than credit cards Fast funding	Repeated access to credit line Some cards come with 0% APR introductory period

Is a wedding loan right for me?

Personal loans can be a quick way to access the cash that you need for a wedding and allow you to spread your repayment out over one to seven years, depending on the lender. However, they aren’t the right choice for everyone.

If you decide to take out a personal loan for your wedding, remember to consider as many lenders as possible to find the right loan for you.

Below you’ll find Credible’s partner lenders that offer wedding loans. You can compare your prequalified rates from each of them in just two minutes — without affecting your credit.

• Achieve
• Avant
• Axos Bank
• Best Egg
• Discover
• LendingClub
• LendingPoint
• LightStream
• Marcus
• OneMain Financial
• PenFed
• Prosper
• SoFi
• Universal Credit
• Upgrade
• Upstart

Achieve

Pros

• Fast loan funding
• Adding a cosigner or showing proof of retirement savings could get you a better rate

Cons

• Must borrow at least $10,000
• Not available in Nevada

Avant

Pros

• Provides options for borrowers with poor or fair credit
• Fast loan funding

Cons

• Charges an origination fee (up to 4.75%)
• Charges late fees ($25)

Axos Bank

Pros

• Fast loan funding
• Offers other banking products

Cons

• Might be hard to qualify if you don’t have good credit
• Charges late fees ($15)

Best Egg

Pros

• Fast loan funding
• Provides options for borrowers with poor or fair credit

Cons

• Charges an origination fee (0.99% to 8.99%)
• Not available in Iowa; Vermont; Washington, D.C.; or West Virginia

Discover

Pros

• Long repayment terms available (three to seven years)
• If you decide you don’t want your Discover loan within 30 days, you can return the funds without paying interest

Cons

• Might be hard to qualify if you have bad credit
• Charges late fees ($39)

LendingClub

Pros

• Accepts cosigners
• Provides options for borrowers with poor or fair credit

Cons

• Limited repayment options
• Charges an origination fee (1% to 6%)

LendingPoint

Pros

• Provides options for borrowers with poor or fair credit
• Fast loan funding

Cons

• Not available in Nevada or West Virginia
• Charges an origination fee (0% to 8%)

LightStream

Pros

• Fast loan funding
• Offers large loan amounts ($100,000 loan maximum)

Cons

• Might be hard to qualify if you have poor credit
• Must borrow at least $5,000

Marcus

Pros

• Flexible repayment options to fit your monthly budget
• After making 12 consecutive, on-time payments, you can defer one payment interest-free

Cons

• Longer funding time compared to other lenders (five days or longer)
• Might be hard to qualify if you have poor credit

OneMain Financial

Pros

• Doesn’t require a minimum credit score
• Fast loan funding

Cons

• Larger loan amounts might require collateral
• Less competitive rates for borrowers with good credit

PenFed

Pros

• No fees
• Can apply with a cosigner

Cons

• Might be hard to qualify if you have poor or fair credit
• Sends funds through the mail instead of direct deposit

Prosper

Pros

• Competitive interest rates
• Provides options for borrowers with fair credit

Cons

• Charges origination fees (2.4% to 5%)
• Limited repayment options

SoFi

Pros

• Offers large loan amounts ($100,000 loan maximum)
• No fees

Cons

• Doesn’t disclose minimum credit requirements
• Not available in Mississippi

Universal Credit

Pros

• Provides options for borrowers with poor or fair credit
• Fast funding

Cons

• Charges origination fees from 5.25% to 8.99%
• Not available in South Carolina; Washington, D.C.; or West Virginia

Upgrade

Pros

• Fast funding
• Provides options for borrowers with poor or fair credit

Cons

• Charges origination fees (1.85% to 8.99%)
• Not available in Iowa or West Virginia

Upstart

Pros

• Works with borrowers who have little to no credit history
• Fast loan funding

Cons

• Charges origination fees (0% to 10%)
• Limited repayment options

Keep Reading: How to Get a $100,000 Personal Loan Fast

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About Rates and Terms: Rates for personal loans provided by lenders on the Credible platform range between 5.40%-35.99% APR with terms from 12 to 84 months. Rates presented include lender discounts for enrolling in autopay and loyalty programs, where applicable. Actual rates may be different from the rates advertised and/or shown and will be based on the lender’s eligibility criteria, which include factors such as credit score, loan amount, loan term, credit usage and history, and vary based on loan purpose. The lowest rates available typically require excellent credit, and for some lenders, may be reserved for specific loan purposes and/or shorter loan terms. The origination fee charged by the lenders on our platform ranges from 0% to 10%. Each lender has their own qualification criteria with respect to their autopay and loyalty discounts (e.g., some lenders require the borrower to elect autopay prior to loan funding in order to qualify for the autopay discount). All rates are determined by the lender and must be agreed upon between the borrower and the borrower’s chosen lender. For a loan of $10,000 with a three year repayment period, an interest rate of 7.99%, a $350 origination fee and an APR of 11.51%, the borrower will receive $9,650 at the time of loan funding and will make 36 monthly payments of $313.32. Assuming all on-time payments, and full performance of all terms and conditions of the loan contract and any discount programs enrolled in included in the APR/interest rate throughout the life of the loan, the borrower will pay a total of $11,279.43. As of March 12, 2019, none of the lenders on our platform require a down payment nor do they charge any prepayment penalties.

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