Best Personal Loan Rates

Compare top personal loan lenders and find the best rates for your needs. Get pre-qualified with no impact to your credit score.

Compare rates · No credit impact · Free service

Best Personal Loans

So
#1

SoFi

Best Overall
4.8(960 reviews)

Borrowers with excellent credit

No feesUnemployment protectionCareer coaching
APR Range
8.99% - 29.99%
Loan Amount
$5,000 - $100,000
Terms
2 - 7 years
Funding Time
1-7 business days

Pros

  • No origination fees or prepayment penalties
  • Rate discount with autopay

Cons

  • Higher credit score requirements
  • Limited term options
Origination Fee
$0
Min. Credit Score
680
See Offers

No impact to credit score to check rates

Ma
#2

Marcus by Goldman Sachs

Best for No Fees
4.7(1104 reviews)

Fee-conscious borrowers

No feesFixed ratesFlexible payments
APR Range
7.99% - 24.99%
Loan Amount
$3,500 - $40,000
Terms
3 - 6 years
Funding Time
1-4 business days

Pros

  • No fees whatsoever
  • Flexible payment date

Cons

  • Lower maximum loan amounts
  • Limited term options
Origination Fee
$0
Min. Credit Score
660
See Offers

No impact to credit score to check rates

Li
#3

LightStream

Best for Fast Funding
4.6(750 reviews)

Quick funding needs

Same-day fundingLong termsRate discount
APR Range
7.49% - 25.99%
Loan Amount
$5,000 - $100,000
Terms
2 - 12 years
Funding Time
Same day

Pros

  • Same-day funding available
  • Long repayment terms up to 12 years

Cons

  • No pre-qualification
  • Excellent credit required for best rates
Origination Fee
$0
Min. Credit Score
660
See Offers

No impact to credit score to check rates

Di

Discover Personal Loans

Best for Debt Consolidation
4.5(584 reviews)

Debt consolidation

No fees30-day return policyFixed rates
APR Range
7.99% - 24.99%
Loan Amount
$2,500 - $40,000
Terms
3 - 7 years
Funding Time
1-7 business days

Pros

  • No origination fees
  • 30-day return policy

Cons

  • Lower maximum loan amounts
  • Limited availability in some states
Origination Fee
$0
Min. Credit Score
660
See Offers

No impact to credit score to check rates

Up

Upstart

Best for Fair Credit
4.3(540 reviews)

Fair credit borrowers

AI-poweredLower credit scoresFast approval
APR Range
7.80% - 35.99%
Loan Amount
$1,000 - $50,000
Terms
3 - 5 years
Funding Time
1 business day

Pros

  • Accepts lower credit scores
  • AI-powered underwriting

Cons

  • Higher APRs for some borrowers
  • Origination fees apply
Origination Fee
0% - 12%
Min. Credit Score
300
See Offers

No impact to credit score to check rates

Ro

Rocket Loans

Best Online Experience
4.2(1298 reviews)

Quick online process

Same-day fundingSimple processQuicken heritage
APR Range
7.16% - 29.99%
Loan Amount
$2,000 - $45,000
Terms
3 - 5 years
Funding Time
Same day

Pros

  • Same-day funding possible
  • Simple online application

Cons

  • Origination fees may apply
  • Higher APRs for some
Origination Fee
0% - 6%
Min. Credit Score
640
See Offers

No impact to credit score to check rates

Personal loan rates today

Personal loan rates vary based on your credit score, income, and other factors. Here's what you can expect:

7.49% - 35.99%
Typical APR range
$1,000 - $100,000
Loan amount range
2 - 12 years
Repayment terms

How to get a personal loan

1

Check your credit score

Your credit score affects your interest rate and loan approval odds. Check your score for free before applying.

2

Shop around and compare

Compare rates, terms, and fees from multiple lenders. Many offer pre-qualification with no credit impact.

3

Get pre-qualified

See potential rates and terms without affecting your credit score. This helps you understand your options.

4

Choose a lender and apply

Select the best offer and complete your full application. Have your financial documents ready.

5

Review and accept terms

Carefully review the loan terms, including the APR, monthly payment, and total cost before accepting.

6

Receive your funds

Once approved, funds are typically deposited into your bank account within 1-7 business days.

Types of personal loans

Unsecured personal loans

Don't require collateral. Approval based on creditworthiness and income. Higher rates than secured loans but no risk of losing assets.

  • No collateral required
  • Faster approval process

Secured personal loans

Backed by collateral like savings or a car. Lower rates than unsecured loans but risk losing collateral if you default.

  • Lower interest rates
  • Easier to qualify

Personal loan alternatives

OptionPersonal loan prosHELOC prosCredit card prosCredit card cons
Interest RateFixed rate and paymentMinimum payment optionNo minimum payment optionHigh interest rates
QualificationBased on credit and incomeBased on home equityEasier qualificationCan hurt credit if overused

Frequently asked questions

What credit score do I need for a personal loan?

Most lenders require a minimum credit score of 600-650, but you'll get better rates with scores above 700. Some lenders work with borrowers who have fair credit (580-669).

How much can I borrow with a personal loan?

Personal loan amounts typically range from $1,000 to $100,000, depending on the lender and your qualifications. Your income, credit score, and debt-to-income ratio will determine your loan amount.

How quickly can I get a personal loan?

Some lenders offer same-day funding, while others take 1-7 business days. Online lenders are typically faster than traditional banks. Pre-qualification can be instant.

Can I pay off a personal loan early?

Most personal loans allow early repayment without penalties, but some lenders charge prepayment fees. Check your loan terms before signing.

How we choose our best personal loan lenders

We evaluate personal loan lenders based on several key factors to help you find the best option for your needs:

  • Interest rates and fees: We compare APRs, origination fees, and other costs across lenders.
  • Loan terms and amounts: We look at repayment terms, minimum and maximum loan amounts.
  • Customer experience: We consider application process, customer service, and user reviews.
  • Funding speed: We evaluate how quickly you can receive funds after approval.