Personal Loans

Popular personal loan options

Consolidate debt, finance a large purchase, or cover medical expenses with a fixed-rate personal loan. Let us help you find and compare some of the best personal loan options in the market. Submit an application with one of our lending partners in a matter of minutes!

RATES FROM (APR)

4.99% – 35.97%

LOAN TERM

1 – 7 Years

LOAN AMOUNT

$1,000 to $100,000

Splash Financial – Personal Loan

Splash Financial offers fixed-rate, low APR personal loans through its extended network of lending partners. They typically lend to individuals who seek loans for debt consolidation or to finance major purchases. 

Pros

  • Competitive rates and flexible loan terms
  • Great option for borrowers who need larger loan amounts
  • Check multiple offers from their network of lenders
  • Approved loans are typically funded in 24-48 hours

Cons

  • Some lending partners may charge origination fees
  • May encounter restrictions based on loan purpose

RATES FROM (APR)

4.99% – 19.99%*

LOAN TERM

2 – 7 Years

LOAN AMOUNT

$5,000 to $100,000

LightStream – Personal Loan

LightStream offers industry-leading rates on personal loans for home improvement, debt consolidation, and other purposes. With a significant discount for borrowers who set up auto-pay, LightStream is perfect for individuals who want a low-APR, fixed-rate personal loan to get some work done on the house or consolidate higher interest debt.

Pros

  • No origination fees, prepayment fees, or late fees
  • Specialized loans for home improvement, debt consolidation, medical emergencies, weddings, and other intended purposes
  • Rate discount of 0.50% after you set up auto-pay*
  • Receive your funds as early as today1
  • Approved loans can be transferred to your account on a later date (up to 90 days later for home improvement and 30 days for all others)

Cons

  • Minimum loan amount is higher than other lenders
  • No option to get a pre-approval

RATES FROM (APR)

5.35% – 35.99%

LOAN TERM

3 – 5 Years

LOAN AMOUNT

$1,000 to $50,000

Upstart – Personal Loan

Upstart provides personal loans with clear terms, quick funding, and a hassle-free online loan experience. Whether you are looking to consolidate debt, cover medical expenses, fund home improvement projects, or pay for a move, wedding, or vacation, Upstart is able to present multiple offers and help you find the best personal loan for your needs.

Pros

  • No prepayment fees or penalties
  • Specialized loans for different intended uses
  • Get multiple offers from Upstart’s network of banking partners
  • Approved loans are typically funded in 1-2 business days

Cons

  • Loan terms are limited to 3 to 5 years

RATES FROM (APR)

5.74% – 21.78%

LOAN TERM

2 – 7 Years

LOAN AMOUNT

$5,000 to $100,000

SoFi – Personal Loan

SoFi offers flexible personal loans for a wide variety of intended uses. With a seamless online application, live customer support, unemployment protection, and other unique benefits, SoFi is a great place to shop for a low APR personal loan.

Pros

  • Great option for borrowers who need larger loan amounts
  • No origination, pre-payment, or hidden fees
  • Live customer support 7 days a week
  • Approved loans can be funded as quickly as the same day

Cons

  • Higher minimum loan amount than most lenders

RATES FROM (APR)

5.99% – 24.99%

LOAN TERM

2 – 5 Years

LOAN AMOUNT

$5,000 to $40,000

Payoff – Personal Loan

Payoff (now a part of Happy Money) offers specialized personal loans to help individuals consolidate high-interest credit card debt. With low fixed rates and a simple application process, The Payoff Loan is a great fit for people who want to pay off their credit card balances quicker and save money on interest.

Pros

  • Great option for borrowers with high-APR credit card debt
  • No application fees, early or extra payment fees, late fees, check processing fees, returned check fees, or annual fees
  • Member Advocates offer customer support 7 days a week
  • Monitor payments, track progress, and contact support through their convenient Member Portal

Cons

  • The Payoff Loan can only be used to consolidate credit card debt
  • May charge an origination fee between 0% and 5%

RATES FROM (APR)

6.95% – 35.97%

LOAN TERM

2 – 7 Years

LOAN AMOUNT

$1,000 to $50,000

Upgrade – Personal Loan

Upgrade offers personal loans for credit card refinancing, debt consolidation, home improvement, and major purchases. With its simple application process and option to review multiple loan offers, Upgrade is a great place to start your search for a personal loan.

Pros

  • No pre-payment fees
  • Option to change payment date to work best around your budget
  • Live customer support 7 days a week
  • Approved loans are typically funded in 1 business day

Cons

  • All loans have a 1.85% to 8% origination fee

RATES FROM (APR)

7.15% – 17.99%

LOAN TERM

3 – 6 Years

LOAN AMOUNT

$5,000 to $50,000

Axos Bank – Personal Loan

Axos Bank offers personal loans for debt consolidation, home improvements, large expenses, special occasions, and more. With flexible lending criteria, preliminary offers having no impact on credit score, and other great benefits, Axos Bank can help you get the right personal loan for your needs.

Pros

  • No pre-payment fees
  • Move payment due date up to 10-days out from the original date
  • Dedicated customer service team to assist with applications
  • Approved loans are typically funded within 2 days of acceptance

Cons

  • All loans have a 1% to 2% origination fee
  • Higher minimum loan amount than most lenders

RATES FROM (APR)

59% – 160%

LOAN TERM

9 – 18 Months

LOAN AMOUNT

$500 to $4,000

OppLoans – Installment Loan

OppLoans provides smaller, short-term installment loans to help borrowers tackle bills like car repairs, home repairs, rent, surprise medical expenses, and travel expenses. With personalized service and fast funding, OppLoans can help you cover short-term cash flow needs and expenses.

Pros

  • No origination fees or prepayment penalties
  • Lower rates than most Payday Loans 
  • Great loan advocate team to help with applications and payoff
  • Approved loans are typically funded in 1 business day

Cons

  • Lower loan amounts than most personal loans
  • Rates may vary by state

Frequently Asked Questions

A personal loan is a type of installment loan that can be used for a wide variety of purposes, with a fixed repayment window and monthly payment. When a loan is disbursed, borrowers will receive a one-time payment of cash from their lender and will then be responsible for paying that amount (plus interest) in regular monthly installments over the life of the loan.

 

Unlike auto loans and mortgages, personal loans are not typically secured by any kind of collateral and provide a great short to mid-term financing option to borrowers with different needs. 

Personal loans are very flexible and can be used for a variety of purposes. Most people use personal loans to consolidate debt (including credit card debt), finance large purchases, cover medical expenses, pay for short-term obligations, and more. However, it is important to note that approved loan purposes can also vary from lender to lender. It is always a good idea to check lender eligibility requirements and approved loan purposes before making a decision.

Some lenders will disclose their minimum credit score and income requirements, as well as other factors that affect eligibility. However, with so many factors that can affect a credit application, it's hard to know whether you will qualify based on that alone.

 

The two most important factors considered in your personal loan application will be (1) your credit score or history, and (2) your income. Lenders may request additional information to help verify your identity, income, and other relevant details included in your loan application.

If you are simply checking your rate, a lender may just run a soft inquiry on your credit to give you more precise rate information or a pre-approval; this will not affect your credit score. 

 

However, if you are submitting a personal loan application, the lender will more than likely run a hard inquiry on your credit, which will certainly impact your credit score. Usually, this only lowers your credit score by a few points, but other factors like the number of credit inquiries, overall debt balances, and other items reported in your credit profile may impact it further. On-time payments will help you build credit and strengthen your credit profile.

Lenders may charge an origination fee - which covers the processing, administrative, and underwriting fees involved in the lending process - and can vary from lender to lender. Origination, and other, fees are typically disclosed in the loan terms.

 

For a full list of applicable fees (including late fees, prepayment fees, etc.), please contact your lender directly.

Most lenders allow borrowers to pay off their loans early with no prepayment penalty. Others may not allow it at all or opt to charge a prepayment penalty, as disclosed in the loan terms. You should always confirm your repayment terms with your lender before proceeding with an early payoff.

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