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Best Personal Loans for August 2025

We compared personal loans based on APRs, funding time, and more to identify the best options for borrowers

Author
By Emily Batdorf

Written by

Emily Batdorf

Emily Batdorf is a personal finance expert specializing in banking, lending, credit cards, and budgeting. Her work has been featured by the New York Post and MSN.

Edited by Meredith Mangan

Written by

Meredith Mangan

Meredith Mangan is a senior editor at Credible. She has more than 18 years of experience in finance and is an expert on personal loans.

Updated August 21, 2025

Compare personal loan rates of August 2025

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In each article, Credible will identify if the lender is a partner lender. If the lender is described as a partner or partner lender, Credible receives compensation from the lender. Compensation will not impact how or where products appear on the Credible platform when requesting prequalified rates and loans. Not all lenders participate in the Credible marketplace. Any opinions, analyses, reviews, or recommendations expressed in these articles are those of Credible (and the author) alone and have not been reviewed, approved, or otherwise endorsed by any lender or other provider.

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Best for personal loans, overall

Lightstream

Rates from (APR)

6.49-25.29%4

Loan term

2 - 7 years

Loan amount

Up to $100,000

Best for loan prequalification

Upstart

Rates from (APR)

6.60-35.99%

Loan term

3, 5 years

Loan amount

Up to $75,000

Best for homeowners

Best Egg

Rates from (APR)

6.99-35.99%

Loan term

2 - 5 years

Loan amount

Up to $50,000

Best for lowest interest rates for most credit scores

Lending club

Rates from (APR)

7.90-35.99%5

Loan term

2 - 7 years

Loan amount

Up to $60,000

Best for fair credit debt consolidation loans

Happy Money

Rates from (APR)

7.95-29.99%

Loan term

2 - 5 years

Loan amount

Up to $40,000

Best for Low Rates for Good Credit

Splash Financial

Rates from (APR)

7.99-17.97%

Loan term

3 - 6 years

Loan amount

Up to $50,000

Best for customer satisfaction

Citibank

Rates from (APR)

7.99-19.49%7

Loan term

1 - 5 years

Loan amount

Up to $30,000

Best for No origination fee loans for fair and good credit

Jenius Bank

Rates from (APR)

7.99-23.49%

Loan term

3 - 6 years

Loan amount

Up to $50,000

Best for Credit-Builders

Lending point

Rates from (APR)

7.99-35.99%

Loan term

2 - 5 years

Loan amount

Up to $25,000

Best for debt consolidation loans for good credit

Reach

Rates from (APR)

7.99-35.99%

Loan term

2 - 5 years

Loan amount

Up to $40,000

Best for low income and secured loans

Upgrade

Rates from (APR)

7.99-35.99%

Loan term

2 - 7 years

Loan amount

Up to $50,000

Best for online bank loans

SoFi

Rates from (APR)

8.99-35.49%3

Loan term

2 - 7 years

Loan amount

$5,000 - $100,000

Best for P2P lending

Prosper

Rates from (APR)

8.99-35.99%

Loan term

2 - 5 years

Loan amount

Up to $50,000

Best for very good credit

Rocket

Rates from (APR)

9.12-29.99%

Loan term

3, 5 years

Loan amount

Up to $45,000

Best for fast bad-credit loans

Avant

Rates from (APR)

9.95-35.99%

Loan term

2 - 5 years

Loan amount

Up to $35,000

Best for large debt consolidation loans

BHG

Rates from (APR)

9.96-23.48%6

Loan term

3 - 10 years

Loan amount

Up to $250,000

Best for low rates on bad-credit loans

RepriseFinancial

Rates from (APR)

9.99-35.99%

Loan term

3 - 5 years

Loan amount

Up to $25,000

Best for fast loans for fair credit

Universal credit

Rates from (APR)

11.69-35.99%

Loan term

3, 5, or 7 years

Loan amount

Up to $50,000

Best for large loans for bad credit

One main

Rates from (APR)

18.00-35.99%

Loan term

2 - 5 years

Loan amount

Up to $20,000

A personal loan can help you consolidate debt or pay for major expenses like medical bills, car repairs, a wedding, or a family vacation. There are few restrictions on what you can use one for. And unlike a home equity loan, most are unsecured, which means you don't need collateral. As a result, personal loan interest rates can range widely, depending on your credit, from around 6% on the low end to around 36% on the high end. 

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