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
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 starting at 3.99% APR*
Loan amounts from $600 to $100,000
Checking rates won’t affect your credit
| Lender | Rates from (APR) | Loan term | Loan amount | Check Rates |
|---|---|---|---|---|
Rates from (APR) 9.95-35.99% | Loan term 2 - 5 years | |||
Rates from (APR) 6.49-29.99% | Loan term 1 - 5 years | |||
Rates from (APR) 5.99-29.99% | Loan term 3, 5 years | |||
Rates from (APR) 6.99-24.99% | Loan term 3 - 7 years | |||
Rates from (APR) 7.99-29.99% | Loan term 2 - 5 years | |||
See how much you could save with a personal loan at Credible
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Checking rates won’t affect your credit
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Why Credible?
Free to use, no hidden fees
Loan amounts from $600 to $100,000
Compare rates from multiple lenders
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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.
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 LoansCommonly asked questions
There's no such thing as too many questions
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 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 14, 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.
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.
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.
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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