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  • check iconRates from 6.94% - 35.99%  APR1

  • check iconLoan amounts from $1,000 to $200,000

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Compare Top Personal Loan Lenders

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Compare personal loan rates from top lenders for February 2025

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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.
Filters$20,000 loan amount and 700-749 credit score, ordered by APR
Filters$20,000 loan amount and 700-749 credit score, ordered by APR
Lightstream
Lightstream

Rates from (APR)

6.94-25.29%4

Loan term

2 - 7 years

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Best Egg
Best Egg

Rates from (APR)

6.99-35.99%

Loan term

2 - 5 years

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Upstart
Upstart

Rates from (APR)

7.80-35.99%

Loan term

3, 5 years

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Splash Financial
Splash Financial

Rates from (APR)

7.99-17.97%

Loan term

3 - 6 years

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Lending club
Lending club

Rates from (APR)

8.91-35.99%5

Loan term

2 - 5 years

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Happy Money
Happy Money

Rates from (APR)

8.95-17.48%

Loan term

2 - 5 years

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SoFi
SoFi

Rates from (APR)

8.99-29.99%3

Loan term

2 - 7 years

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Prosper
Prosper

Rates from (APR)

8.99-35.99%

Loan term

2 - 5 years

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Rocket
Rocket

Rates from (APR)

9.12-29.99%

Loan term

3, 5 years

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Avant
Avant

Rates from (APR)

9.95-35.99%

Loan term

2 - 5 years

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Upgrade
Upgrade

Rates from (APR)

9.99-35.99%

Loan term

2 - 7 years

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BHG
BHG

Rates from (APR)

10.26-23.48%6

Loan term

3 - 10 years

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Universal credit
Universal credit

Rates from (APR)

11.69-35.99%

Loan term

3, 5, or 7 years

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LendingUSA
LendingUSA

Rates from (APR)

13.00-29.99%

Loan term

3, 4, or 5 years

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Reach
Reach

Rates from (APR)

14.30-35.99%

Loan term

2 - 5 years

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One main
One main

Rates from (APR)

18.00-35.99%

Loan term

2 - 5 years

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Personal loan interest rates

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 estimate of the personal loan rates you may qualify for.

Prequalification isn’t an offer of credit and won’t hurt your score; but once you apply for a loan, your score may temporarily drop by a few points since most lenders conduct a hard credit inquiry.

The table below shows the approximate APR for personal loans by credit score, according to Credible data:

Credit score

Average APR 3-year loan

Average APR 5-year loan

780+

12.92%

18.16%

720-779

17.07%

22.55%

680-719

22.39%

25.96%

640-679

29.04%

30.65%

600-639

31.17%

32.73%

0-599

32.12%

33.99%

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What are personal loans used for?

Personal loan uses cover a wide range of purposes. Some of the most common are:

  • Consolidating debt
  • Credit card refinancing
  • Paying for home renovations and repairs
  • Going on vacation
  • Paying medical expenses
  • Funding emergency expenses
  • Moving

But 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 generally can’t be used to pay for the following:

  • College tuition
  • A down payment on a home
  • Gambling
  • Illegal purposes

Though available with some, few lenders approve personal loans for business expenses.

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How do personal loans work?

Personal loans are a type of installment loan. You receive a lump sum of money upfront, and then repay that amount over a set period of time. Payments are typically made monthly and are most often fixed. Unlike credit cards, interest rates on personal loans are also fixed, which means your monthly payments won’t change with rising interest rates.

  • Repayment terms: Repayment terms can extend from under one year to over 10 years, depending on the lender and loan purpose. But most personal loan terms range from two to seven years.

  • Loan amounts: Loan amounts are typically available between $1,000 and $50,000, depending on the lender and what you can qualify for. But some lenders offer loan amounts up to $200,000 and extended repayment terms for specific loan uses, like home improvement.

  • Interest rates: Annual percentage rates (APRs) on personal loans run from around 7% to 36%. The rate you get depends largely on your FICO credit score, your income, and your current debt. If you have good or excellent credit, you’re most likely to qualify for the best rates; whereas, if you have fair or poor credit, the rate you qualify for may be over 30%, if you can qualify at all.

  • Fees: Some loans charge upfront fees, typically called origination fees, which are deducted from the loan amount. If a lender charges an upfront fee, it’s expressed as part of the APR, along with the interest rate. Lenders are required by the Truth in Lending Act (TILA) to display APRs over interest rates, so that borrowers can better compare overall loan costs. Fees that are avoidable, like late fees or insufficient funds fees, are not expressed in the loan’s APR.

  • Funding times: One of the biggest benefits to personal loans is how quickly they can fund relative to other loan types. If approved, most personal loan lenders can disburse funds within a few business days; some can send money as soon as the same day you apply. Applying is often lightning quick, with instant approval decisions possible, especially if you have very good credit.

Credible’s rating criteria incorporates 700 data points spanning interest rates, fees, loan terms, repayment options, customer service, eligibility, efficiency, options for poor credit and no credit, cosigner options, discounts, and more.

Read our full methodology.

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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.