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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 when we help you find the best product from one of our lending partners. 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 when we help you find the best product from one of our lending partners. 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 7.49% - 35.99% APR1

  • Loan amounts from $600 to $200,000

Checking rates won’t affect your credit score

Best Rate Guarantee
Close with a better rate than you prequalify for on Credible and get a $200 gift card.Terms Apply.

Compare Top Personal Loan Lenders

Top Lenders

Compare personal loan rates from top lenders for March 2024

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2 - 5 years

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2 - 5 years

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3 - 10 years

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Loan term

3 - 7 years

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2 - 5 years

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2 - 5 years

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2 - 7 years

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2 - 5 years

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2 - 5 years

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2 - 7 years

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3 - 5 years

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3, 5, or 7 years

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Loan term

2 - 7 years

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Loan term

3, 5 years

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Loan term

1 - 5 years

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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.

Credible’s rating criteria incorporates 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.

Calculate your savings with Credible

Use our debt consolidation calculator to see how different terms and interest rates can change what you pay over time.

1. Enter your current loan details

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2. Choose a rate to compare

Our lender rates vary from 7.49% to 35.99% APR1

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3. Check the results

With an interest rate of 12.00% over 5 years, you will pay per month and in interest over the lifetime of your loan.

Total interest:

New Loan

Current Loan

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Monthly payment:

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Current Loan

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Checking rates won’t affect your credit score. Calculator results are for illustrative purposes only.

EASY, SIMPLE, FREE

Why Credible?

rates

Shop top lenders in one easy place

Whether you want to consolidate debt or cover an unexpected expense, Credible makes it easy to find a personal loan that works best for you.

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It’s your data, your decision

Checking rates on Credible is 100% free. We earn money by helping you find the best product — not by selling your data.

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We’re unbiased and transparent

We don’t get paid to rank products higher, and we don’t hide fees. You’ll know exactly what your cost breakdown is before selecting a lender.

Our process

How to get a personal loan online with Credible

Checking rates won’t affect your credit score

Why Trust Credible

Through its marketplace, Credible helps you shop around for personal loans without cost or commitment. We earn money when we help you find the best product, not by selling your data. The blog content we create is deeply researched to help you make an informed decision that’s right for you — our partner lenders have no editorial control over the articles we publish. Check out our blog here.

Our Impact

We're making a difference

With Credible, you can save money while enjoying a simple, intuitive personal loan shopping process.

in 2023 We helped over

69,600 people

save money on their loans

We've saved our customers

over $63 million

in interest on their loans

For all your goals

Get a personal loan for all your financial needs

Our lender partners support personal loans for many different loan purposes. They offer low interest rates and a variety of loan amounts and loan terms to help you meet your personal and financial goals.

Loan goals

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
Loan goals

Home Improvement

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

Home Improvement Loans
Loan goals

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
Loan goals

Bad Credit Loans

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

Bad Credit Loans
Loan goals

Auto Loans

In the market for a car? Compare auto loans from multiple lenders in just two minutes.

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Just need money? Get started now.

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Personal Loans FAQs

Editorial disclosure: Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to here as "Credible."

A personal loan is usually an unsecured loan that you can get from a bank, credit union, or online lender. You can use a personal loan for virtually anything, including paying for a vacation, wedding, home improvements, or consolidating debt. Interest rates are typically fixed, which means your payments won’t change for the life of the loan. Repayment terms range from a few months to over 10 years. Loan amounts are available from under $1,000 to over $100,000, depending on your credit, the loan’s purpose, and the lender.

To get a personal loan, you’ll generally need a reliable source of income, a credit score and credit history, and a debt-to-income ratio (DTI) under 36%. Different lenders have different requirements, however. For example, some lenders consider applicants with fair, and bad credit, while others only consider applicants with good credit.

Personal loan rates are impacted by the current interest rate environment, plus individual factors like your credit score, income, and debt. You can prequalify with multiple lenders to get an idea of the personal loan rates you’ll qualify for. Prequalification doesn’t hurt your credit and isn’t an offer of credit; but once you apply for a loan, your score may temporarily drop by a few points.

The table below shows the approximate APR for personal loans by credit score:

Credit score

Average APR 3-year loan

Average APR 5-year loan

780+

13.55%

19.10%

720-779

16.78%

22.66%

680-719

21.85%

24.64%

640-679

27.24%

28.30%

600-639

30.21%

29.31%

0-599

32.22%

31.08%

Pros:

Cons:

  • Potentially high annual percentage rates (APRs)

  • Approval may be difficult for fair- and bad-credit borrowers

  • Debt may be unnecessary

  • High fees on some loans, such as origination fees

Personal loan uses cover a wide range of purposes, such as consolidating debt, paying for home renovations, going on vacation, or moving. Not all lenders approve loans for all purposes — you have to declare what you want to use the loan funds for when you apply. Personal loans often can’t be used to pay for tuition, a down payment on a home, or for business expenses.

To compare personal loans, start by figuring out how much money you need, what you need it for, and the repayment period you want. You can use a personal loan calculator to estimate monthly payments based on different loan amounts and repayment terms. Next, prequalify with multiple lenders that offer the terms you need. Compare APRs, fees (an upfront origination fee will reduce the amount of money you receive), and available discounts to choose the best personal loan for your situation.

Personal loans impact your credit score in a few different ways. When you apply for a personal loan, the lender will conduct a hard inquiry, which may lower your score by a few points for up to a year. However, adding a personal loan to your credit mix could increase your score if you make payments on time and pay off the loan in full. If you get a personal oan to consolidate credit card debt, your score could increase significantly because your credit utilization will drop once you pay off your cards. Just be sure to keep the cards open and make timely payments on the loan.

While a personal loan can be a great way to get much-needed funds, it may not always be the best option. Personal loan alternatives include:

  • Home equity loan

  • Home equity line of credit (HELOC)

  • Credit cards

  • Personal line of credit
  • Cash-out refinance (home or car)

  • Cash-value life insurance loan

  • 401(k) loan
  • Borrow money from friends and family

The best choice will depend on what you can qualify for, what’s available, and what you intend to use the loan funds for.

Yes, you can refinance a personal loan. If your credit score has improved, for example, you may be able to qualify for a personal loan at a lower rate than the one you currently have. Check your credit regularly, and if you see your score increase, prequalify with multiple lenders to find out if you should refinance. If interest rates drop, you might also be able to refinance at a lower rate.

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