Trying to figure out how to get the best personal loan online?

We can help you decide.

Find the best personal loan for you

There are a lot of reasons why you might want to apply for a personal loan. While one person might need a personal loan to buy a car, another might take one out for renovating a home or making a consolidating debt. There are many personal loans available, so, how do you find the best one for you?
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Featured

  • OppLoans

    Lender: OppLoans
    Our take: Lender focused on poor credit, based out of Chicago currently offering loans in 29 states Show more
    Lender: OppLoans
    Credit ScoreLoan Size/AmountLoan TermAPROrigination Fee
    350 - 600$500 - $50009 - 2459,00% - 199,00%0,00% - 3,00%
    Credit Score350 - 600
    Loan Size/Amount$500 - $5000
    Loan Term9 - 24
    APR59,00% - 199,00%
    Origination Fee0,00% - 3,00%

What is the best personal loan?

There is no single answer to that question. The best personal loan is the one that meets your needs and circumstances. However, there is a way to find the best personal loan for you. This guide will take you through what you need to know.

  • Align

    Lender: Align
    Our take: Flexible loan terms focused on customers with fair credit, repayment directly from your income Show more
    Lender: Align
    Credit ScoreLoan Size/AmountLoan TermAPROrigination Fee
    600 - 700$1500 - $1250024 - 6037,00% - 94,00%0,00%
    Credit Score600 - 700
    Loan Size/Amount$1500 - $12500
    Loan Term24 - 60
    APR37,00% - 94,00%
    Origination Fee0,00%
  • Avant

    Lender: Avant
    Our take: Loans primarily focused on debt consolidation with reasonable rates Show more
    Lender: Avant
    Credit ScoreLoan Size/AmountLoan TermAPROrigination Fee
    580 - 740$2000 - $3500024 - 609,95% - 35,99%0,95% - 4,75%
    Credit Score580 - 740
    Loan Size/Amount$2000 - $35000
    Loan Term24 - 60
    APR9,95% - 35,99%
    Origination Fee0,95% - 4,75%
  • CashNet USA

    Lender: CashNet USA
    Our take: PayDay lender with high interest rates operating in 22 states Show more
    Lender: CashNet USA
    Credit ScoreLoan Size/AmountLoan TermAPROrigination Fee
    500 - 640$300 - $35006 - 2489,00% - 449,00%0,00%
    Credit Score500 - 640
    Loan Size/Amount$300 - $3500
    Loan Term6 - 24
    APR89,00% - 449,00%
    Origination Fee0,00%
  • Earnest

    Lender: Earnest
    Our take: Looks at your full financial history to make lending decisions, so good option to build credit Show more
    Lender: Earnest
    Credit ScoreLoan Size/AmountLoan TermAPROrigination Fee
    700 - 850$2000 - $5000024 - 605,25% - 12,99%0,00%
    Credit Score700 - 850
    Loan Size/Amount$2000 - $50000
    Loan Term24 - 60
    APR5,25% - 12,99%
    Origination Fee0,00%
  • FIG Loans

    Lender: FIG Loans
    Our take: Loans for those with bad credit, but focused on responsible lending to help rebuild credit Show more
    Lender: FIG Loans
    Credit ScoreLoan Size/AmountLoan TermAPROrigination Fee
    300 - 840$300 - $5004 - 1236,00% - 190,00%0,00%
    Credit Score300 - 840
    Loan Size/Amount$300 - $500
    Loan Term4 - 12
    APR36,00% - 190,00%
    Origination Fee0,00%
  • iLoan

    Lender: iLoan
    Our take: Online lender owned by OneMain Financial, focused on bad to fair credit customers Show more
    Lender: iLoan
    Credit ScoreLoan Size/AmountLoan TermAPROrigination Fee
    540 - 640$2550 - $2500036 - 6017,60% - 35,99%0,00% - 5,00%
    Credit Score540 - 640
    Loan Size/Amount$2550 - $25000
    Loan Term36 - 60
    APR17,60% - 35,99%
    Origination Fee0,00% - 5,00%
  • LendFu

    Lender: LendFu
    Our take: Peer-to-peer lender focused on bad credit customers Show more
    Lender: LendFu
    Credit ScoreLoan Size/AmountLoan TermAPROrigination Fee
    560 - 700$100 - $10004 - 626,00% - 365,00%0,00%
    Credit Score560 - 700
    Loan Size/Amount$100 - $1000
    Loan Term4 - 6
    APR26,00% - 365,00%
    Origination Fee0,00%
  • LendingClub

    Lender: LendingClub
    Our take: Solid Peer-to-peer lender with slightly less difficult eligibility requirements than others Show more
    Lender: LendingClub
    Credit ScoreLoan Size/AmountLoan TermAPROrigination Fee
    600 - 850$1000 - $4000036 - 605,99% - 35,891,00% - 6,00%
    Credit Score600 - 850
    Loan Size/Amount$1000 - $40000
    Loan Term36 - 60
    APR5,99% - 35,89
    Origination Fee1,00% - 6,00%
  • LendingPoint

    Lender: LendingPoint
    Our take: Considers more than just credit score, so may enable bad credit customers to qualify Show more
    Lender: LendingPoint
    Credit ScoreLoan Size/AmountLoan TermAPROrigination Fee
    590 - 720$2000 - $2500024 - 4815,49% - 34,99%0,00% - 6,00%
    Credit Score590 - 720
    Loan Size/Amount$2000 - $25000
    Loan Term24 - 48
    APR15,49% - 34,99%
    Origination Fee0,00% - 6,00%
  • Lift

    Lender: Lift
    Our take: Loans for bad credit customers, slightly better terms than payday loans. Show more
    Lender: Lift
    Credit ScoreLoan Size/AmountLoan TermAPROrigination Fee
    300 - 640$100 - $25003 - 1299,00% - 450,00%0,00%
    Credit Score300 - 640
    Loan Size/Amount$100 - $2500
    Loan Term3 - 12
    APR99,00% - 450,00%
    Origination Fee0,00%
  • LightStream

    Lender: LightStream
    Our take: Tougher requirements than some other lenders, but with some of the best rates in the market Show more
    Lender: LightStream
    Credit ScoreLoan Size/AmountLoan TermAPROrigination Fee
    680 - 850$5000 - $10000024 - 845,99% - 14,74%0,00%
    Credit Score680 - 850
    Loan Size/Amount$5000 - $100000
    Loan Term24 - 84
    APR5,99% - 14,74%
    Origination Fee0,00%
  • Marcus

    Lender: Marcus
    Our take: Online lender owned by Goldman Sachs, with no fees and soft credit check only option Show more
    Lender: Marcus
    Credit ScoreLoan Size/AmountLoan TermAPROrigination Fee
    640 - 850$3500 - $3000036 - 726,99% - 24,99%0,00%
    Credit Score640 - 850
    Loan Size/Amount$3500 - $30000
    Loan Term36 - 72
    APR6,99% - 24,99%
    Origination Fee0,00%
  • MoneyLion

    Lender: MoneyLion
    Our take: Multiple loan product for fair to good credit ratings Show more
    Lender: MoneyLion
    Credit ScoreLoan Size/AmountLoan TermAPROrigination Fee
    560 - 720$1000 - $350001 - 367,00% - 200,00%0,00% - 6,00%
    Credit Score560 - 720
    Loan Size/Amount$1000 - $35000
    Loan Term1 - 36
    APR7,00% - 200,00%
    Origination Fee0,00% - 6,00%
  • NetCredit

    Lender: NetCredit
    Our take: Offers fixed rate loans at a variety of rates, including to those with poor credit Show more
    Lender: NetCredit
    Credit ScoreLoan Size/AmountLoan TermAPROrigination Fee
    500 - 700$1000 - $100006 - 6034,00% - 150,00%34,00% - 150,00%
    Credit Score500 - 700
    Loan Size/Amount$1000 - $10000
    Loan Term6 - 60
    APR34,00% - 150,00%
    Origination Fee34,00% - 150,00%
  • One Main Financial

    Lender: One Main Financial
    Our take: Primarily online lender with offices in many US states Show more
    Lender: One Main Financial
    Credit ScoreLoan Size/AmountLoan TermAPROrigination Fee
    540 - 640$1500 - $2500024 - 6016,00% - 36,00%1,00% - 5,00%
    Credit Score540 - 640
    Loan Size/Amount$1500 - $25000
    Loan Term24 - 60
    APR16,00% - 36,00%
    Origination Fee1,00% - 5,00%
  • OppLoans

    Lender: OppLoans
    Our take: Lender focused on poor credit, based out of Chicago currently offering loans in 29 states Show more
    Lender: OppLoans
    Credit ScoreLoan Size/AmountLoan TermAPROrigination Fee
    350 - 600$500 - $50009 - 2459,00% - 199,00%0,00% - 3,00%
    Credit Score350 - 600
    Loan Size/Amount$500 - $5000
    Loan Term9 - 24
    APR59,00% - 199,00%
    Origination Fee0,00% - 3,00%
  • Payoff

    Lender: Payoff
    Our take: Loans focused on consolidating credit card debt, for customers with fair credit Show more
    Lender: Payoff
    Loan Size/AmountLoan TermAPROrigination Fee
    $5000 - $3500024 - 608,00% - 25,002,00% - 5,00%
    Loan Size/Amount$5000 - $35000
    Loan Term24 - 60
    APR8,00% - 25,00
    Origination Fee2,00% - 5,00%
  • Prosper

    Lender: Prosper
    Our take: Peer-to-peer lender that gets listed on their platform to receive funding Show more
    Lender: Prosper
    Credit ScoreLoan Size/AmountLoan TermAPROrigination Fee
    640 - 850$2000 - $3500036 - 605,99% - 35,99%1,00% - 5,00%
    Credit Score640 - 850
    Loan Size/Amount$2000 - $35000
    Loan Term36 - 60
    APR5,99% - 35,99%
    Origination Fee1,00% - 5,00%
  • Rise

    Lender: Rise
    Our take: Loans for those with bad credit, but focused on responsible lending to help rebuild credit Show more
    Lender: Rise
    Credit ScoreLoan Size/AmountLoan TermAPROrigination Fee
    300 - 650$300 - $50004 - 2636,00% - 299,00%0,00%
    Credit Score300 - 650
    Loan Size/Amount$300 - $5000
    Loan Term4 - 26
    APR36,00% - 299,00%
    Origination Fee0,00%
  • RocketLoans

    Lender: RocketLoans
    Our take: Personal loans for good credit customers, focused on online applications Show more
    Lender: RocketLoans
    Credit ScoreLoan Size/AmountLoan TermAPROrigination Fee
    640 - 850$2000 - $3500036 - 605,98% - 28,99%1,00% - 6,00%
    Credit Score640 - 850
    Loan Size/Amount$2000 - $35000
    Loan Term36 - 60
    APR5,98% - 28,99%
    Origination Fee1,00% - 6,00%
  • SoFi

    Lender: SoFi
    Our take: Tougher requirements than some other lenders, but with some of the best rates in the market Show more
    Lender: SoFi
    Credit ScoreLoan Size/AmountLoan TermAPROrigination Fee
    660 - 850$5000 - $10000036 - 844,98% - 14,49%0,00%
    Credit Score660 - 850
    Loan Size/Amount$5000 - $100000
    Loan Term36 - 84
    APR4,98% - 14,49%
    Origination Fee0,00%
  • Upgrade

    Lender: Upgrade
    Our take: Newer lender in the market, with slightly higher loan limits than other lenders Show more
    Lender: Upgrade
    Credit ScoreLoan Size/AmountLoan TermAPROrigination Fee
    620 - 850$1000 - $5000036 - 605,96% - 35,97%1,00% - 6,00%
    Credit Score620 - 850
    Loan Size/Amount$1000 - $50000
    Loan Term36 - 60
    APR5,96% - 35,97%
    Origination Fee1,00% - 6,00%
  • Upstart

    Lender: Upstart
    Our take: Looks at more than just credit score, so good option to build credit history Show more
    Lender: Upstart
    Credit ScoreLoan Size/AmountLoan TermAPROrigination Fee
    Learn more$1000 - $5000036 - 606,00% - 29,99%0,00% - 8,00%
    Credit ScoreLearn more
    Loan Size/Amount$1000 - $50000
    Loan Term36 - 60
    APR6,00% - 29,99%
    Origination Fee0,00% - 8,00%

LEARN MORE ABOUT PERSONAL LOANS

An online personal loan is money borrowed from an online lender that you pay back in fixed monthly installments along with interest.

Most online personal loans are unsecured, which means they aren’t backed by collateral. A secured loan backed by a car or house typically is cheaper, but you can lose the asset if you default on paying it back.

Unless you qualify for a 0% interest balance-transfer credit card, the rates on personal loans are typically cheaper than those on credit cards, and the amounts you can borrow are usually higher. If you have big balances on multiple high-interest credit cards, a personal loan can help you consolidate the debts into one payment at a lower rate.

What rate should I expect?

Rates vary from lender to lender and depend heavily on your credit history and ability to repay. The annual percentage rates on loans can vary depending on the lender. Compare rates from multiple lenders before choosing. The loan with the lowest APR is the least expensive — and therefore, usually the best choice. Learn more about how to get a personal loan.

What are the requirements?

Almost all lenders require you to be 18 or older and a legal U.S. resident with a verifiable bank account, and not be in bankruptcy or foreclosure.

Borrowers with excellent credit and low debt-to-income ratios may qualify for interest rates at the low end of lenders’ ranges. Someone with poor or average credit may be able to get an unsecured personal loan on the strength of a steady income and low debt levels.

How to compare personal loans to find the best one for you

When you want to apply for a personal loan you should first compare multiple offerings so you can track down the right product.

Secured or unsecured?

You will benefit from a lower interest rate by using the asset as security but you risk losing it if you default on the loan. An unsecured personal loan may come with a slightly higher interest rate but requires no security and allows you to use the funds however you need to.

Compare interest rates against similar loans

While you should also check the fees you will be charged, the comparison rate will give you an idea of the true cost of the loan as it is comprised of both interest and fees.

The amount you can borrow should factor into your decision.

You will not find out how much you will be approved for before you apply but lenders will have a set minimum and maximum borrowing amount. Ensure how much you want to borrow falls within these limits.

Are there restrictions on additional repayments or repaying the loan early? Are there restrictions on how you can use the loan amount?

Find out what restrictions apply with the loan.

What will be the term of the loan?

Work out how much you can afford to repay and what repayment terms you will need. Then, make sure the loan you are applying for offers these terms.

Don’t take on a loan you can’t afford.

When borrowing money it is always important to use a calculator to find out what your repayments will be. If you can comfortably afford a loan don’t feel tempted to consider borrowing more in the even that you can’t afford it.

More Information About Personal Loans