How We Get Paid

We want this to be a “win-win” situation. So we only want to get paid if we bring you value in the form of finding a personal finance option that works for you. Not by selling your data. Credible receives compensation by the lender if you finish the loan process and a loan is disbursed. The amount of our compensation does not impact how and where lenders appear on our site, and Credible charges you no fees of any sort. Some lenders may take traffic sources into account when offering credit terms.

Personal Loans

How We Get Paid

We want this to be a “win-win” situation. So we only want to get paid if we bring you value in the form of finding a personal finance option that works for you. Not by selling your data. Credible receives compensation by the lender if you finish the loan process and a loan is disbursed. The amount of our compensation does not impact how and where lenders appear on our site, and Credible charges you no fees of any sort. Some lenders may take traffic sources into account when offering credit terms.

Personal loans from top lenders. All in one place.

  • Rates from 2.49% - 35.99% APR*

  • Loan amounts from $600 to $100,000

Checking rates won’t affect your credit

LenderRates from (APR)Loan termLoan amountCheck Rates

Rates from (APR)

9.95-35.99%

Loan term

2 - 5 years

Check Rates
Avant Details
Prepayment penalty: NoneUnsuccessful payment fee: $15
Origination fee: 0.95% to 4.75%Check processing fee: None
Late fee: $25Time to fund: As soon as the next business day (if approved by 4:30 p.m. CT on a weekday)
Credible Lender Review
Avant Personal Loans Review

Rates from (APR)

6.49-29.99%

Loan term

1 - 5 years

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Axos Details
Prepayment penalty: NoneUnsuccessful payment fee: None
Origination fee: 0% to 2%Check processing fee: None
Late fee: $15Time to fund: As soon as the next business day after successful verification
Credible Lender Review
Axos Personal Loans Review

Rates from (APR)

5.99-29.99%

Loan term

3, 5 years

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Best Egg Details
Prepayment penalty: NoneUnsuccessful payment fee: $15
Origination fee: 0.99% to 5.99%Check processing fee: $7
Late fee: $15Time to fund: As soon as 1 - 3 business days after successful verification
Credible Lender Review
Best Egg Personal Loans Review

Rates from (APR)

7.99-29.99%

Loan term

2 - 5 years

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FreedomPlus Details
Prepayment penalty: NoneUnsuccessful payment fee: None
Origination fee: 1.99% to 4.99%Check processing fee: $15
Late fee: 5% of late payment or $15 (whichever is greater)Time to fund: As soon as 2 business days
Credible Lender Review
FreedomPlus Personal Loans Review

Rates from (APR)

10.68-35.89%

Loan term

3, 5 years

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LendingClub Details
Prepayment penalty: NoneUnsuccessful payment fee: $15
Origination fee: 1% to 6%Check processing fee: $7
Late fee: 5% of late payment or $15 (whichever is greater)Time to fund: Usually takes about 7 days
Credible Lender Review
LendingClub Personal Loans Review

Rates from (APR)

15.49-35.99%

Loan term

2 - 5 years

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LendingPoint Details
Prepayment penalty: NoneUnsuccessful payment fee: None
Origination fee: 0% to 6%Check processing fee: None
Late fee: $30Time to fund: As soon as the next business day
Credible Lender Review
LendingPoint Personal Loans Review

Rates from (APR)

2.49-19.99%

Loan term

2 - 7 years

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LightStream Details
Prepayment penalty: NoneUnsuccessful payment fee: None
Origination fee: NoneCheck processing fee: None
Late fee: NoneTime to fund: As soon as the same business day
Credible Lender Review
LightStream Personal Loans Review

Rates from (APR)

6.99-19.99%

Loan term

3 - 6 years

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Marcus by Goldman Sachs Details
Prepayment penalty: NoneUnsuccessful payment fee: None
Origination fee: NoneCheck processing fee: None
Late fee: NoneTime to fund: Many Marcus customers receive funds in as few as three days.
Credible Lender Review
Marcus by Goldman Sachs Personal Loans Review

Rates from (APR)

18.00-35.99%

Loan term

2 - 5 years

Check Rates
OneMain Financial Details
Prepayment penalty: NoneUnsuccessful payment fee: $10 to $50
Origination fee: $25 to $400Check processing fee: None
Late fee: $5 - $30Time to fund: As soon as 1 - 2 days after acceptance
Credible Lender Review
OneMain Financial Personal Loans Review

Rates from (APR)

5.99-24.99%

Loan term

2 - 5 years

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Payoff Details
Prepayment penalty: NoneUnsuccessful payment fee: None
Origination fee: 2% to 5%Check processing fee: None
Late fee: NoneTime to fund: As soon as 2 - 5 business days after verification
Credible Lender Review
Payoff Personal Loans Review

Rates from (APR)

5.99-17.99%

Loan term

1 - 5 years

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PenFed Details
Prepayment penalty: NoneUnsuccessful payment fee: $30
Origination fee: NoneCheck processing fee: None
Late fee: $29Time to fund: Typically 2 business days after verification
Credible Lender Review
PenFed Personal Loans Review

Rates from (APR)

6.95-35.99%

Loan term

3, 5 years

Check Rates
Prosper Details
Prepayment penalty: NoneUnsuccessful payment fee: $15
Origination fee: 2.4% to 5%Check processing fee: $15
Late fee: 5% of late payment or $15 (whichever is greater)Time to fund: On average, within 5 days of accepting your offer
Credible Lender Review
Prosper Personal Loans Review

Rates from (APR)

5.99-18.83%

Loan term

2 - 7 years

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SoFi Details
Prepayment penalty: NoneUnsuccessful payment fee: None
Origination fee: NoneCheck processing fee: None
Late fee: NoneTime to fund: Typically within a few days, given approval and bank account verification
Credible Lender Review
SoFi Personal Loans Review

Rates from (APR)

8.93-35.93%

Loan term

3, 5 years

Check Rates
Universal Credit Details
Prepayment penalty: NoneUnsuccessful payment fee: $10
Origination fee: 4.25% - 8%Check processing fee: None
Late fee: $10Time to fund: As soon as 1 business day after acceptance
Credible Lender Review
Universal Credit Personal Loans Review

Rates from (APR)

5.94-35.97%

Loan term

3, 5 years

Check Rates
Upgrade Details
Prepayment penalty: NoneUnsuccessful payment fee: $10
Origination fee: 2.9% to 8%Check processing fee: None
Late fee: $10Time to fund: Within a day of clearing necessary verifications
Credible Lender Review
Upgrade Personal Loans Review

Rates from (APR)

6.46-35.99%

Loan term

3, 5 years

Check Rates
Upstart Details
Prepayment penalty: NoneUnsuccessful payment fee: $15
Origination fee: 0% to 8%Check processing fee: None
Late fee: 5% of late payment or $15 (whichever is greater)Time to fund: As soon as 1 - 3 business days
Credible Lender Review
Upstart Personal Loans Review
Advertiser Disclosure
The rates that appear are from companies which Credible receives compensation. This compensation does not impact how or where products appear within the table. The rates and information shown do not include all financial service providers or all of the displayed lender's available services and product offerings.

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Loan amounts from $600 to $100,000

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How Credible works

Compare personal loan rates from top lenders

We're here to simplify how you look for personal loans. Instead of checking your rate on each lender's website, we let you do that all in one place.

Checking rates won’t affect your credit

WHAT CUSTOMERS SAY

We're Credible. It's in our name, literally.

trustpilot 5 stars

Adrianne compared personal loans with low rates

Credible was awesome as I was able to look at personal loan rates from multiple lenders at once, and was able to find the one that worked best for me.

See review on Trustpilot
trustpilot 5 stars

Tiffany was able to consolidate her debt

I was looking to consolidate my debt and lessen the amount of my monthly payments. I was able to [reduce my] monthly payments with a loan at a lower interest rate than what I had. I also was quickly approved and there were no hassles or glitches in the process. Thank you for a smooth and seamless experience.

See review on Trustpilot
trustpilot 5 stars

Greg found outstanding, competitive rates

Outstanding, competitive rates. It let me shop different vendors without having to go to multiple sources and provide my info. I will be saving a ton on interest over the course of the loan and pay down my debt quicker!

See review on Trustpilot

For all your goals

Get a personal loan for all your financial needs

Our lenders support personal loans for many different reasons.

Debt Consolidation

Pay off high-interest debt by combining it all into a single loan and payment at a lower interest rate.

Debt Consolidation Loans

Home Improvement

Finance a home improvement project from major repairs to a remodel or addition.

Home Improvement Loans

Credit Card Refinancing

Refinance high-interest credit debt by combining it all into one loan and payment at a lower interest rate.

Credit Card Refinancing Loans

Bad Credit Loans

Loans for those who may have credit difficulties (like poor credit or a thin credit history).

Bad Credit Loans

Just need money? Get started now.

Find My Rate

Checking rates won’t affect your credit

Commonly asked questions

There's no such thing as too many questions

By Jamie Young

Jamie Young is a Credible authority on personal finance. Her work has appeared on Time, CBS News, Huffington Post, Business Insider, AOL, MSN, and more.
Full bio

& Matt Carter

Matt Carter is a writer, editor and student loan authority for Credible. His work has been featured by CNBC, CNN Money, Consumer Reports, Money, USA Today, U.S. News & World Report, The New York Times, The Wall Street Journal, The Washington Post, Yahoo Finance and more.
Full bio

Updated June 15, 2021

Generally, no — personal loans are still widely available despite the COVID-19 pandemic, which could be especially valuable if you need help making ends meet. You’ll still typically need good credit and verifiable income to get approved for a loan with most lenders, including online lenders, banks, and credit unions. Keep in mind that some lenders might have more stringent requirements to ensure that borrowers can repay their loans, though.

Additionally, some lenders are offering coronavirus hardship loans that might be easier to qualify for if the pandemic has impacted your employment. These small emergency loans might come with low or even 0% interest, depending on the lender.

Read more: COVID-19 & Personal Loans

A personal loan is money you can borrow from a financial institution like a bank, credit union, or online lender. Once approved for a loan, you'll make monthly payments to pay it back in full, plus interest. The loan terms and interest rates vary based on the lender and your credit report. Typically, when you get a personal loan, it’s an unsecured loan — which means it doesn’t require collateral (like your home or car).

Read more: Different Types of Personal Loans

The annual percentage rate (APR) is what you’ll pay to borrow money. It includes not only your interest rate but any fees charged by the lender — such as origination fees.

There are two types of APR you’ll likely come across:

  • A

    fixed APR

    stays the same throughout the life of the loan. This means your monthly payment and payoff date won’t ever change.
  • A

    variable APR

    can fluctuate according to market trends. While a variable APR often starts out lower than a fixed APR, it could increase in the future — which would also cause your monthly payments to rise.

Each lender has their own set requirements to qualify for a personal loan. But the personal information they typically look for are borrowers who are 18 or older, U.S. citizens or permanent residents with a valid Social Security number, have a steady income, and those who have a good credit history.

See: Requirements to Qualify for a Personal Loan

How much you can borrow with a personal loan depends largely on your credit score as well as your debt-to-income ratio, which is the amount of your monthly income that goes to paying ongoing obligations like your rent, car payment, or credit card bills.

The upper limits for online personal loans vary by lender but typically fall in the $35,000 to $50,000 range. However, lenders on the Credible marketplace offer personal loans to qualified borrowers up to $100,000.

Estimate Your Payments: Personal Loan Calculator

Using Credible to check your rates doesn’t affect your credit score. Here’s how it works: Credible's prequalification process uses a soft credit inquiry that allows you to see personalized prequalified rates.

There is no obligation to proceed with any of the loan options presented on your dashboard, but if you see a loan option with one of our partner lenders that you'd like to proceed with, you'll be asked to authorize a hard credit check when you apply for an unsecured personal loan. A hard inquiry can impact your credit score by two to nine points, but typically by no more than five.

How To: Build Credit and Raise Your Credit Score

Find a personal loan today

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Checking rates won’t affect your credit

Once you’ve completed the loan application process, most lenders can fund your loan by the next business day (though it can take up to about a week, depending on the lender).

Generally, the shorter the loan term, the lower the interest rate offered by most loan companies. Some lenders even offer an autopay discount if you authorize your monthly loan payments to be directly withdrawn from your checking account or savings account.

Qualifying for lower rates offered by a lender is dependent on your online loan application, credit history and credit score, whether you get a short-term loan or a long-term loan, loan purpose, and other factors. The better your credit score, the better the interest rate you can qualify for.

See: Average Personal Loan Interest Rates

Yes. Fortunately, none of Credible’s partner lenders will charge for this. However, other lenders may charge a fee (called a prepayment penalty) if you decide to pay the loan off before the term is up.

Read more: Lenders Offering the Best Personal Loans

You’re typically not limited in how you can use your personal loan funds. Personal loans can help you pay down high-interest credit card debt, meet unexpected needs like medical bills, take care of a major purchase like a new refrigerator, purchase a new or used car with an auto loan, or fund home improvement projects. However, some lenders only provide fixed-rate loans for specific purposes (and some rates vary based on what you use it for), so you will be asked for the purpose of your loan.

Additional resources to help you get a personal loan:

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