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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 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 6.99% - 35.99% APR1
Loan amounts from $1,000 to $200,000
Checking rates won’t affect your credit score
Compare Top Personal Loan Lenders
Top Lenders
Compare personal loan rates from top lenders for October 2024
LightStream Personal Loans
Note that unlike most lenders, Lightstream does not let you prequalify. Nor does it provide a contact phone number next to its customer service hours on its website.
Prepayment penalty: None
Unsuccessful payment fee: None
Minimum Credit Score: 700
Origination Fee: None
Check processing fee: None
Do they allow a cosigner: No
Late fee: None
Time to fund: As soon as the same business day
Best for: Best home improvement loans
Upstart Personal Loans
Trustpilot gives Upstart 4.9 stars, which is the highest of all lenders we reviewed.
Prepayment penalty: None
Unsuccessful payment fee: $15
Minimum Credit Score: 620
Origination Fee: 0% to 12%
Check processing fee: None
Do they allow a cosigner: No
Late fee: 5% of late payment or $15 (whichever is greater)
Time to fund: As soon as 1 - 3 business days
Best for: Fast personal loans for all credit types
Splash Financial Personal Loans
Rates are competitive, but borrowers with excellent credit may find lower APRs elsewhere. Splash is not an option for borrowers with bad credit.
Prepayment penalty: None
Unsuccessful payment fee: Varies by lender
Minimum Credit Score: 700
Origination Fee: 3.99% to 7.49%
Check processing fee: None
Do they allow a cosigner: No
Late fee: Varies by lender
Time to fund: Funding in as little as one business day for eligible applicants
Best for: Quick loans for good credit
Discover Personal Loans
Funds are available as soon as the next business day after loan approval.
Prepayment penalty: None
Unsuccessful payment fee: None
Minimum Credit Score: 660
Origination Fee: None
Check processing fee: None
Do they allow a cosigner: No
Late fee: $39
Time to fund: Funds can be sent as soon as the next business day after acceptance
Best for: No origination fees (and low rates)
SoFi Personal Loans
The main catch is that you need to qualify for a loan with SoFi, which can be hard to do if you don't have good credit. You also won't be able to apply with a cosigner, since SoFi doesn't accept cosigners; nor does it offer secured personal loans.
Prepayment penalty: None
Unsuccessful payment fee: None
Minimum Credit Score: Does not disclose
Origination Fee: 0% - 7%
Check processing fee: None
Do they allow a cosigner: No
Late fee: None
Time to fund: Typically within a few days, given approval and bank account verification
Best for: Personal loans for excellent credit
Best Egg Personal Loans
Note that if you successfully prequalify with Best Egg, you may be more likely to be approved for the loan relative to other lenders you prequalify with. Based on Credible data, borrowers who chose to apply for a loan with Best Egg were more than twice as likely to be approved (relative to most other Credible partners).
Prepayment penalty: None
Unsuccessful payment fee: $15
Minimum Credit Score: 600
Origination Fee: 0.99% to 9.99%
Check processing fee: $7
Do they allow a cosigner: No
Late fee: $15
Time to fund: As soon as 1 - 3 business days after successful verification
Best for: High Close Rates if Pre-approved
Prosper Personal Loans
Prepayment penalty: None
Unsuccessful payment fee: $15
Minimum Credit Score: 640
Origination Fee: 1% to 9.99%
Check processing fee: $5 or 5% of the payment (whichever is lower)
Do they allow a cosigner: Yes
Late fee: 5% of late payment or $15 (whichever is greater)
Time to fund: 1 business day following acceptance of loan offer, completion of all necessary verification steps and final approval. One business day is also dependent on your bank’s ability to quickly process the transaction.
Best for: Best peer-to-peer lender
LendingClub Personal Loans
While prequalification is not a guarantee that you'll be approved for a loan, LendingClub does a better job than most other Credible partner lenders at approving applicants that have successfully prequalified. In other words, you're less likely to have your application declined once you apply (if you've already prequalified). LendingClub may charge an origination fee between 3% and 8%.
Prepayment penalty: None
Unsuccessful payment fee: $15
Minimum Credit Score: 660
Origination Fee: 3% to 8%
Check processing fee: $7
Do they allow a cosigner: No, but co-borrowers allowed
Late fee: 5% of late payment or $15 (whichever is greater)
Time to fund: One business day
Best for: Online experience
Avant Personal Loans
Prepayment penalty: None
Unsuccessful payment fee: $15
Minimum Credit Score: 550
Origination Fee: 0.95% to 9.99%
Check processing fee: None
Do they allow a cosigner: No
Late fee: $25
Time to fund: As soon as the next business day (if approved by 4:30 p.m. CT on a weekday)
Best for: All credit types
Upgrade Personal Loans
However, Upgrade does charge an origination fee of 1.85% to 9.99%. You must have a FICO score of at least 600 and a minimum income of $25,000 annually to qualify.
Prepayment penalty: None
Unsuccessful payment fee: $10
Minimum Credit Score: 600
Origination Fee: 1.85% to 9.99%
Check processing fee: None
Do they allow a cosigner: No
Late fee: $10
Time to fund: Within a day of clearing necessary verifications
Best for: Fair credit
Rates from (APR)
11.69-35.99%
Loan term
3, 5, or 7 years
Loan amount
Up to $50,000
View Details
Universal Credit Personal Loans
Note that rates and fees can be relatively high — you may pay an origination fee from 5.25% to 9.99%, and APRs start at 11.69%. If you get a loan with a high interest rate, consider refinancing your personal loan at a lower rate once you've improved your credit score.
Prepayment penalty: None
Unsuccessful payment fee: $10
Minimum Credit Score: 560
Origination Fee: 5.25% - 9.99%
Check processing fee: None
Do they allow a cosigner: No
Late fee: $10
Time to fund: As soon as 1 business day after acceptance
Best for: Debt consolidation loans for bad credit
Happy Money Personal Loans
You should be prepared to wait a few days to get your money, as funding can take three to five days once approved. And loans aren't available in Massachusetts or Nevada. Happy Money has an A+ rating with the BBB and is ideal for debt consolidation and credit card consolidation loans.
Prepayment penalty: None
Unsuccessful payment fee: None
Minimum Credit Score: 640
Origination Fee: 2% to 5%
Check processing fee: None
Do they allow a cosigner: No
Late fee: None
Time to fund: As soon as 2 - 5 business days after verification
Best for: Consolidating credit card debt
BHG Financial Personal Loans
Loan amounts start at $20,000, so look elsewhere for small loans. And BHG charges a modest origination fee between 3% and 4%, depending on your financial profile. Loan funds are available within five to 14 days of loan approval. Note that you can't prequalify with BHG.
Prepayment penalty: None
Unsuccessful payment fee: Up to $20
Minimum Credit Score: 660
Origination Fee: 3% to 4%
Check processing fee: None
Do they allow a cosigner: Yes
Late fee: Between 5-15 days late, borrower may be charged 5.00% of the outstanding payment or $40 whichever is less.
Time to fund: Funding in as few as 5 days
Best for: Large personal loans
Zable Personal Loans
Its origination fees range from 5% to 9%, however, and it does not offer discounts, secured loans, nor the option to add a cosigner to your application. Zable also currently does not offer loans in 21 states.
Prepayment penalty: None
Unsuccessful payment fee: None
Minimum Credit Score: 600
Origination Fee: 5% to 9%
Check processing fee: None
Do they allow a cosigner: No
Late fee: None
Time to fund: As soon as the same business day if approved by 3:30pm Eastern Time
Best for: Short-term loans and same day funding
Rates from (APR)
13.00-29.99%
Loan term
3, 4, or 5 years
Loan amount
Up to $50,000
View Details
LendingUSA Personal Loans
Just note that you may be charged an origination fee, and loans aren’t available nationwide. If applying via Credible, you should have a minimum FICO score of 660 to qualify.
Prepayment penalty: None
Unsuccessful payment fee: Yes
Minimum Credit Score: 660
Origination Fee: 5%
Check processing fee: None
Do they allow a cosigner: No
Late fee: Yes
Time to fund: 1-3 business days
Best for: Interest-free merchant financing
Reach Financial Personal Loans
It's a good choice for debt consolidation and credit card refinancing, but borrowers with excellent credit may not find the lowest rates with Reach. The company also charges more fees than some of its competitors and doesn't offer direct pay or autopay discounts. If you need a 7-year term loan, you'll need to look elsewhere. Reach personal loans are not available in all states.
Prepayment penalty: None
Unsuccessful payment fee: $25
Minimum Credit Score: 640
Origination Fee: 4% to 8%
Check processing fee: None
Do they allow a cosigner: No
Late fee: $15
Time to fund: 90% funded within a day
Best for: Fast funding and fair credit
OneMain Financial Personal Loans
Rates are higher than competitors and OneMain charges origination fees as either a flat fee up to $500, or a percentage from 1% to 10% (depending on your state of residence). Note that even if you prequalify for a personal loan with OneMain, getting approved isn't a given. According to internal Credible data, OneMain had one of the lowest rates of loan approval after prequalification among partner lenders.
Prepayment penalty: None
Unsuccessful payment fee: $10 to $50
Minimum Credit Score: 540
Origination Fee: $25 to $500
Check processing fee: None
Do they allow a cosigner: Yes
Late fee: $5 - $30
Time to fund: As soon as 1 - 2 days after acceptance
Best for: Bad credit personal loans
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.