Personal Loans for 2025: Check rates with no impact to your FICO® Score*

Whether you’re looking to eliminate debt or access cash fast, find personal loans matched to you.

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Personal Loans for 2025: Check rates with no impact to your FICO<sup>®</sup> Score*

Get a better rate

Save money on interest by finding a lower rate.

Use funds however you need

Fund home improvement projects, cover emergency expenses and more.

Consolidate debt

Combine your debts into one manageable payment.

*Credit score calculated based on FICO® Score 8 model. Your lender or insurer may use a different FICO® Score than FICO® Score 8, or another type of credit score altogether. Learn more.

Based on FICO® Score 8 model. Offers and approval not guaranteed. Eligibility requirements and terms apply. Subject to credit check which may impact your credit scores. Offers not available in all states. See licenses and disclosures.

Partner loan offers

OppLoans logo.
Est. APR160.00%
Term9 - 24 mo
Loan amount$500 - $4,000
SoFi logo.
Est. APR8.99 - 29.99%
Term24 - 84 mo
Loan amount$5,000 - $100,000
Prosper logo.
Est. APR8.99 - 35.99%
Term24 - 60 mo
Loan amount$2,000 - $50,000
LendingClub logo.
Est. APR8.91 - 35.99%
Term24 - 60 mo
Loan amount$1,000 - $40,000
BHG Financial logo.
Est. APR10.26 - 25.31%
Term60 - 120 mo
Loan amount$20,000 - $200,000
Avant logo.
Est. APR9.95 - 35.95%
Term24 - 60 mo
Loan amount$2,000 - $35,000
Achieve logo.
Est. APR8.99 - 29.99%
Term24 - 60 mo
Loan amount$15,000 - $50,000
Upgrade logo.
Est. APR9.99 - 35.99%
Term36 - 60 mo
Loan amount$1,000 - $50,000
Reprise Financial logo.
Est. APR9.99 - 35.99%
Term36 - 60 mo
Loan amount$1,000 - $35,000
LendingPoint logo.
Est. APR7.99 - 35.99%
Term24 - 48 mo
Loan amount$2,000 - $30,000
Universal Credit logo.
Est. APR11.69 - 35.99%
Term36 - 60 mo
Loan amount$1,000 - $50,000
Happy Money logo.
Est. APR8.99 - 17.49%
Term24 - 60 mo
Loan amount$5,000 - $40,000
Reach Financial logo.
Est. APR7.99 - 35.99%
Term24 - 60 mo
Loan amount$5,000 - $40,000
Splash Financial logo.
Est. APR9.99 - 17.99%
Term36 - 72 mo
Loan amount$5,000 - $50,000
Best Egg logo.
Est. APR5.99 - 35.99%
Term36 - 60 mo
Loan amount$2,000 - $50,000
OneMain Financial logo.
Est. APR18.00 - 35.99%
Term36 - 60 mo
Loan amount$1,500 - $20,000
Upstart logo.
Est. APR7.80 - 35.99%
Term36 - 60 mo
Loan amount$1,000 - $50,000

No offers available

We couldn’t find any loans matching those filters, but we can still match you with other savings options and offers.

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How to find your best personal loan

1

Know your FICO® Score

It plays a big role in the personal loans you’re likely to qualify for, and the rates and terms you might get.

2

Compare loan options

Determine how much you’ll need, then look for a low APR and monthly payment that fits your budget.

3

Look for extra benefits

Consider lender-specific perks, like getting a reduced interest rate if you set up autopay.

4

Get pre-qualified

Once you find a personal loan to apply for, pre-qualifying first can tell you if you’re likely to be approved.

Start with your FICO® ScoreΘ and loan offers matched to your credit profile.

Get started for free

ΘCredit score calculated based on FICO® Score 8 model. Your lender or insurer may use a different FICO® Score than FICO® Score 8, or another type of credit score altogether. Learn more.

Top picks from our partners

Best for Large Amounts: SoFi

SoFi logo.

Recommended FICO® ScoreΘ

Good - Exceptional

Est. APR8.99 - 29.99%
Term24 - 84 mo
Loan amount$5,000 - $100,000

Why we picked it

With a $100,000 limit, SoFi personal loans are best suited for those who need to borrow more than what most other lenders are willing to offer. The minimum loan amount is $5,000, and you can repay the loan over two to seven years.

There are no-fee options available. Pay a one-time fee for a lower interest rate. You can even get same-day funding, depending on when your loan is approved. The lender's interest rates are competitive with low fixed rates.

  • Personal Loans with low fixed rates
  • Borrow up to $100,000
  • No Origination Fees Required, No Prepayment Penalties, and No Late or Overdraft Fees
  • Simple online application with live support 7 days a week
  • Apply Now

Fixed rates from 8.99% APR to 29.99% APR. APR reflects the 0.25% autopay discount and a 0.25% direct deposit discount. SoFi Platform personal loans are made either by SoFi Bank, N.A. or , Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. SoFi may receive compensation if you take out a loan originated by Cross River Bank. These rate ranges are current as of 3/06/23 and are subject to change without notice. Not all rates and amounts available in all states. See SoFi Personal Loan eligibility details at https://www.sofi.com/eligibility-criteria/#eligibility-personal. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors.

Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 9.99% of your loan amount for Cross River Bank originated loans which will be deducted from any loan proceeds you receive and for SoFi Bank originated loans have an origination fee of 0%-7%, will be deducted from any loan proceeds you receive.

Autopay: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi.

Direct Deposit Discount: To be eligible to potentially receive an additional (0.25%) interest rate reduction for setting up direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A. or eligible cash management account offered by SoFi Securities, LLC (“Direct Deposit Account”), you must have an open Direct Deposit Account within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled payroll direct deposits of at least $1,000/month to a Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion. This discount will be lost during periods in which SoFi determines you have turned off direct deposits to your Direct Deposit Account. You are not required to enroll in direct deposits to receive a Loan.

  • Large loan amounts

  • Offers prequalification

  • Same-day funding

  • Doesn't disclose a minimum credit score

  • High minimum loan amount

Best for Fast Funding: LendingPoint

LendingPoint logo.

Recommended FICO® ScoreΘ

Good

Est. APR7.99 - 35.99%
Term24 - 48 mo
Loan amount$2,000 - $30,000

Why we picked it

LendingPoint is an online lender that offers fast funding on loans for borrowers with fair credit. Your funds can be available in as quick as the next business day after approval. Loan sizes range from $2,000 to $30,000 and you can repay the loan in two to six years.

  • Personal loans from $2,000 to $25,000
  • Rates from 15.49% to 35.99% APR with no prepayment penalties
  • Check your rate for free without impacting your credit score
  • Qualified customers receive offers in three simple steps, and funds in as little as 24 hours if approved
  • Simple and Secure - quick online application
  • LendingPoint's customer success representatives are available online or by phone 24/7, just call 888-969-0959
  • Terms from 24 - 48 months

Loan approval is not guaranteed. Actual loan offers and loan amounts, terms and annual percentage rates ("APR") may vary based upon LendingPoint's proprietary scoring and underwriting system's review of your credit, financial condition, other factors, and supporting documents or information you provide. Origination or other fees from 0% to 6% may apply depending upon your state of residence. Upon LendingPoint's final underwriting approval to fund a loan, said funds are often sent via ACH the next non-holiday business day. LendingPoint makes loan offers from $2,000 to $25,000, at rates ranging from a low of 15.49% APR to a high of 35.99% APR, with terms from 24 to 48 months. The loan offer(s) shown reflect a 28 day payment cycle which is being offered as a courtesy as many of our customer are paid on a biweekly schedule and thus this may better align the loan payment dates with our customer's actual income receipt schedule. We also offer monthly and bi-monthly pay schedules.

  • Accessibility for fair-credit borrowers

  • Quick loan funding

  • Prequalification with no hard credit check

  • Potentially high interest rate

  • May charge an origination fee

  • Not available in Nevada or West Virginia

Best Personal Loan for Excellent Credit: Prosper

Prosper logo.

Recommended FICO® ScoreΘ

Poor - Exceptional

Est. APR8.99 - 35.99%
Term24 - 60 mo
Loan amount$2,000 - $50,000

Why we picked it

Prosper is a peer-to-peer lending system that connects borrowers with investors and collects a fee for its service. A Prosper personal loan can be as small as $2,000 and go up to $50,000. Repayment terms range from 24, 36, 48 or 60 months and there's no prepayment penalty. It can take one to three business days for your funds to become available after approval.

While there's no application fee, you'll need to account for an origination fee. Prosper loans also don't have a grace period, so interest starts accruing right away.

  • More than $25 billion loans funded
  • Join America's first personal loan marketplace with over 1 million members
  • Next Day Funding - In as Little as One Business Day**
  • Get fixed monthly payments with no prepayment penalties

APRs presented are estimated and were created based upon information entered by the consumer and through analysis of information publicly available at Prosper.com. The estimated APR presented does not bind Prosper. The range of APRs available through Prosper is 8.99% to 35.99%. Only borrowers with excellent credit qualify for the lowest rate available. Your actual APR depends upon credit score, Prosper Rating, loan amount, loan term, credit usage and history. All loans are subject to credit review and approval. All personal loans made by WebBank. **You may receive your funds one business day after your acceptance of the loan offer, completion of all necessary verification steps and final approval. One business day funding is also dependent on your bank’s ability to quickly process the transaction.

For example, a three-year $10,000 personal loan would have an interest rate of 9.38% and a 9.99% origination fee for an annual percentage rate (APR) of 16.74% APR. You would receive $9,001.00 and make 36 scheduled monthly payments of $319.77. A five-year $10,000 personal loan would have an interest rate of 11.14% and a 9.99% origination fee with a 15.84% APR. You would receive $9,001.00 and make 60 scheduled monthly payments of $218.12. Origination fees vary between 1% and 9.99%. Personal loan APRs through Prosper range from 8.99% to 35.99%, with the lowest rates for the most creditworthy borrowers. Eligibility for personal loans up to $50,000 depends on the information provided by the applicant in the application form. Eligibility for personal loans is not guaranteed, and requires that a sufficient number of investors commit funds to your account and that you meet credit and other conditions. Refer to Borrower Registration Agreement for details and all terms and conditions. All personal loans made by WebBank.

  • Completely online process

  • Can apply with a cosigner

  • Clear qualification requirements

  • Has an origination fee

  • High maximum interest rate

  • No grace period

Best for Small Amounts: Upgrade

Upgrade logo.

Recommended FICO® ScoreΘ

Good - Exceptional

Est. APR9.99 - 35.99%
Term36 - 60 mo
Loan amount$1,000 - $50,000

Why we picked it

An Upgrade personal loan can be as small as $1,000, making it worth considering if your borrowing needs are too low for other lenders' minimums. Upgrade's loan limit is $50,000, and you can pay back the debt over two to seven years. Funding can occur as soon as the day after approval.

One major drawback to Upgrade is its origination fee, which is deducted from the loan proceeds. The lender's interest rates are competitive but can be high if your credit is less than stellar.

  • Affordable loans from $10,000 - $50,000 with low fixed rates that will never change, affordable monthly payments, and no prepayment penalties
  • Quick online application -- get pre-approved in just minutes
  • Checking your rate won't impact your credit score
  • Review multiple loan options so you can pick the amount and term that fits your budget and timeline
  • With automatic payments and a customizable due date, managing your account is easy and you'll be able to circle the date on your calendar when you'll be debt free

Personal loans made through Upgrade feature Annual Percentage Rates (APRs) of 9.99%-35.99%. All personal loans have a 1.85% to 9.99% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 24 to 84 months. For example, if you receive a $10,000 loan with a 36-month term and a 17.59% APR (which includes a 13.94% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $341.48. Over the life of the loan, your payments would total $12,293.46. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. Personal loans issued by Upgrade's bank partners. Information on Upgrade's bank partners can be found at https://www.upgrade.com/bank-partners/.

  • Low loan amounts

  • Offers prequalification

  • Quick funding

  • High origination fee

  • Doesn't disclose a minimum credit score

Best for Debt Consolidation: Happy Money

Happy Money logo.

Recommended FICO® ScoreΘ

Fair - Exceptional

Est. APR8.99 - 17.49%
Term24 - 60 mo
Loan amount$5,000 - $40,000

Why we picked it

Offered by Happy Money, the Payoff personal loan is specifically designed for credit card debt consolidation. Loans range from $5,000 to $40,000, with repayment terms from two to five years.

Borrowers are charged an origination fee depending the your loan amount, repayment term and their creditworthiness. There are no other fees on the loan, however. Funding typically takes between two and five business days, but if you want Happy Money to make a direct payment to your credit card issuers, it can take longer.

  • 8.99% - 17.49% APR
  • Quickly check your rate without affecting your credit score
  • No prepayment, late, or check-processing fees

This offer does not constitute a commitment to lend or an offer to extend credit. Upon submitting a loan application, you may be asked to provide additional documents to verify your identity, income, assets, or financial condition. The rate and terms you may be approved for will be shown to you during the application process. Loans subject to an origination fee, which is deducted from the loan proceeds. Refer to full borrower agreement for all terms, conditions and requirements. Only loans applied for and issued on or after January 23, 2023, are covered under the TruStageTM Payment Guard Insurance Policy. Please refer to the certificate of insurance, provided to you with your loan origination documents, for terms and conditions of the coverage. Some exclusions apply. Claims must be submitted for review and approval to CUMIS Specialty Insurance Company, Inc. TruStageTM Payment Guard Insurance is underwritten by CUMIS Specialty Insurance Company, Inc and not by Happy Money. CUMIS Specialty Insurance Company, our excess and surplus lines carrier, underwrites coverages that are not available in the admitted market. Product and features may vary and not be available in all states.  Certain eligibility requirements, conditions, and exclusions may apply.  Please refer to the Group Policy for a full explanation of the terms. The insurance offered is not a deposit, and is not federally insured, sold or guaranteed by any financial institution. Corporate Headquarters 5910 Mineral Point Road, Madison, WI 53705.

  • Can make a direct payment to your credit card issuer

  • Available for borrowers with credit scores as low as 550

  • Offers prequalification

  • High minimum loan amount

  • Charges an origination fee

  • Borrowers can't use loan funds for anything other than credit card consolidation

Advertiser Disclosure: The offers that appear on this site are from third party companies ("our partners") from which Experian Consumer Services receives compensation. This compensation may impact how, where, and in what order the products appear on this site. The offers on the site do not represent all available financial services, companies, or products.

Credit scores are used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any offer.

Offer pros and cons are determined by our editorial team, based on independent research. The banks, lenders, and credit card companies are not responsible for any content posted on this site and do not endorse or guarantee any reviews.

*For complete information, see the offer terms and conditions on the issuer or partner’s website. Once you click apply you will be directed to the issuer or partner’s website where you may review the terms and conditions of the offer before applying. We show a summary, not the full legal terms – and before applying you should understand the full terms of the offer as stated by the issuer or partner itself. While Experian Consumer Services uses reasonable efforts to present the most accurate information, all offer information is presented without warranty.

Frequently asked questions

A personal loan is a type of installment loan offered by banks, credit unions and online lenders. While personal loans are accessible to borrowers across the credit spectrum, terms can vary depending on the lender and your creditworthiness. Some lenders may offer longer loan terms for certain uses, and others may charge higher APRs for borrowers who have bad credit. Personal loans are typically unsecured, which means you don't have to put up collateral to get approved. However, some lenders may also offer secured personal loans with lower interest rates.

While personal loans are incredibly versatile, taking on unnecessary debt can put pressure on your budget and threaten your financial security. What's more, taking on more debt than you can afford to pay off can potentially damage your credit score.

The best ways to use a personal loan responsibly involve improving your financial or living situation or avoiding more expensive debt. Here are just a few examples:

  • Debt consolidation: Using a personal loan to consolidate debt can potentially help you save money on interest and accelerate your plan to pay off high-interest debt.
  • Home renovations: If you have a home improvement project that can improve your living situation and offers a good return on your investment, a personal loan can be a good financing option.
  • Medical bills: Some medical providers offer interest-free payment plans, but if you don't have that option—or the plan comes with a steep interest rate—a personal loan can potentially make your bills more affordable.
  • Emergency expenses: If you have some unexpected expenses and don't have sufficient emergency savings, a personal loan can help you avoid more expensive financing options and give you time to get back on your feet financially.
  • Large expenses: Whether expected or unexpected, some large expenses may be difficult to delay. Potential large expenses you could cover with a personal loan include weddings, moves, funerals or even a sizable tax bill—though the IRS does offer relatively low-cost payment plans.

While you can also use a personal loan to take a vacation or pay for other unnecessary expenses, it's generally best to save up for those instead. Also, if you're thinking about using a personal loan to buy a car or pay for educational expenses, keep in mind that you can usually get better terms on an auto loan or student loan.

Some lenders may have a few restrictions. For example, you may not be able to use a personal loan to pay for educational expenses, to buy investments or to fund a business. Additionally, mortgage lenders don't usually accept personal loan funds as a down payment on a home.

As you consider whether a personal loan is right for you, it's important to understand both the pros and cons, especially how they relate to your financial situation, needs and goals.

Advantages of Personal Loans

  • Predictable repayment plan: Unlike credit cards, personal loans offer a fixed repayment plan. Once you repay the loan in full, you no longer carry that debt.
  • Flexible loan amounts: Whether you need just a few hundred dollars or tens of thousands, there are loan options available to help you accomplish your goal. And with few exceptions, you can use a personal loan for for most financial needs.
  • No collateral needed: Since most personal loans are unsecured, you can borrow money without putting your assets down as collateral.
  • Relatively low interest rates: On average, personal loans charge lower interest rates than credit cards and other short-term financing options.
  • Accessibility: Regardless of your credit situation, there may be personal lenders willing to work with you. Additionally, some lenders can fund your loan within just a day or two—in some cases, you may even qualify for same-day funding.
  • Helps build credit: Major personal lenders will typically report your monthly payments to all three credit bureaus, which can help you establish and maintain a good credit history. The key to building credit with a personal loan is making the full payment on time each month.

Disadvantages of Personal Loans

  • Potential fees: While some lenders don't charge origination fees, many do. Personal loans can have a variety of fees, which may include an application fee, origination fee and prepayment fee, that all add to the total cost of taking out a loan. Additionally, you may be charged a fee for a late payment or a returned payment due to insufficient funds.
  • Additional debt: Unless you use a personal loan to consolidate existing debt, you're adding new debt and a monthly payment to your budget. As a result, it's crucial to ensure that you can afford the obligation and that you're borrowing the money for a good reason.
  • Interest rates can be high: While the average personal loan interest rate is low compared to credit cards and other short-term loans, borrowers with less-than-stellar credit can expect higher APRs, potentially making the loan unaffordable.
  • Can damage your credit: Adding a new credit account and debt can have a temporary negative impact on your credit score. Additionally, missing a payment or defaulting on a personal loan could have a dramatic impact on your credit for several years.

Personal loan interest rates are influenced by several factors: Your credit score, income, debt-to-income ratio, the loan size and repayment term. The higher your credit score and income, the better chances you have of qualifying for the lowest personal loan interest rates. A low debt-to-income ratio can also help you secure a lower APR. Smaller loans and shorter terms can both contribute to lower interest charges.

Personal loan companies look at several factors to determine your eligibility and loan terms. Requirements to get a personal loan can vary widely depending on the lender.

General guidelines for what lenders typically look at when you apply:

  • Credit score: If you want to qualify for one of the best personal loans, you typically need good or excellent credit (600 and higher). Some lenders are willing to work with borrowers with fair or even poor credit, though they also typically charge higher rates and fees to compensate for the added risk. It may be better to take steps to improve your credit, then apply for a personal loan when your credit score has improved.
  • Credit history: Lenders may review your credit reports, looking at your payment history and other debts to get a full picture of your creditworthiness.
  • Income: Some lenders may require you to earn a minimum annual income to qualify for a loan. Additionally, they'll use your stated income and credit reports to calculate your debt-to-income ratio (DTI)—your total monthly debt payments divided by your gross monthly income. You'll typically need a DTI below 50% to get approved for a personal loan, but some lenders may have different maximums.
  • Collateral: If you're thinking about applying for a secured personal loan, your collateral must typically be valuable enough to cover your desired loan amount.

Yes, there are personal loans available to people with fair or poor credit. That said, having a low score can make it difficult to get approved for a loan, or limit you to loans with high rates. Comparing options from different lenders can help you find a loan with the best terms:

  • Online lenders: Some online lenders may require either a low minimum credit score or no minimum at all. Interest rates for these personal loans can be up to 36% or higher in some cases.
  • Credit unions: Some credit unions offer what's called a payday alternative loan (PAL) that comes with much more favorable terms than similar short-term loan options. Depending on the type of PAL offered, you may be able to borrow up to $2,000, which you can repay over one to 12 months. Eligibility requirements may vary by credit union and loan type.
  • Cash advance app: Also known as paycheck advance apps, these services offer short-term loans, which you'll typically repay within a couple of weeks. That said, some cash advance apps require a monthly subscription to get access to cash advances or charge fees to get access to the cash sooner. These extra fees can significantly add to your overall cost.

Pre-qualifying and checking your personal loan rates with Experian generates a soft inquiry, which won’t hurt your credit score. Completing a loan application results in a hard inquiry, which typically causes a small, temporary decline in your credit score. If your application is approved and you take out the loan, your credit score could drop a few more points, as the new credit line decreases the overall average age of your accounts and could increase your overall debt. On the other hand, a personal loan can also improve your credit and help you build a positive payment history if managed responsibly.

Personal loans are offered by a wide range of financial institutions, including traditional banks, credit unions and online lenders and platforms. To ensure you get the best personal loan for your credit situation and financial needs, it's critical that you shop around and compare offers from multiple lenders.

Here are some things to keep in mind as you research the different options.

  • APR: Go through the prequalification process with each lender to get an idea of what the loan will cost you. Even if different lenders offer a similar range of APRs, they'll typically have different processes for determining which rate to offer you.
  • Fees: When comparing personal loans, review the fees to see if there is an application fee, origination fee, pre-payment penalty, payment processing fee and late fee. These fees can cost you hundreds or thousands of dollars, so it's in your best interest to compare various personal loans. You can avoid some or all of these personal loan fees by choosing a lender that doesn't charge these fees, or by signing up for autopay, only borrowing what you need so your origination fee is low, and negotiating with your lender.
  • Repayment terms: Depending on your budget, you'll want to find a lender that offers a repayment term—and, therefore, a monthly payment—that works for you. Some lenders may offer a wide range of repayment terms, while others may only offer a couple of choices.
  • Total cost: Finding out the total cost of the personal loan will help you plan for your best options and what you can comfortably afford. To see what your total amount paid with interest could be, see our personal loan calculator.
  • Direct pay: If you're planning to use a personal loan to consolidate debt, consider lenders that offer to pay off your debts directly.
  • Rate discounts: Some personal loan lenders may offer a slightly lower interest rate if you set up automatic payments from your bank account. You may even be able to get an interest rate discount if you consolidate debt using the lender's direct pay feature.

Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the banks, lenders and credit card companies.

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