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

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

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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.

Get personal loan offers based on your credit profile

Partner loan offers

OppLoans logo.
Est. APR160.00%
Term9 - 24 mo
Loan amount$500 - $4,000
LendingPoint logo.
Est. APR7.99 - 35.99%
Term24 - 48 mo
Loan amount$2,000 - $30,000
Achieve logo.
Est. APR8.99 - 29.99%
Term24 - 60 mo
Loan amount$15,000 - $50,000
Splash Financial logo.
Est. APR9.98 - 17.99%
Term36 - 72 mo
Loan amount$5,000 - $50,000
Avant logo.
Est. APR9.95 - 35.95%
Term24 - 60 mo
Loan amount$2,000 - $35,000
LendingClub Bank logo.
Est. APR7.90 - 35.99%
Term24 - 60 mo
Loan amount$1,000 - $60,000
SoFi logo.
Est. APR8.99 - 29.99%
Term24 - 84 mo
Loan amount$5,000 - $100,000
Best Egg logo.
Est. APR5.99 - 35.99%
Term36 - 60 mo
Loan amount$2,000 - $50,000
Prosper logo.
Est. APR8.99 - 35.99%
Term24 - 60 mo
Loan amount$2,000 - $50,000
BHG Financial logo.
Est. APR9.96 - 26.79%
Term60 - 120 mo
Loan amount$20,000 - $250,000
Upgrade logo.
Est. APR7.99 - 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
Reprise Financial logo.
Est. APR9.99 - 35.99%
Term36 - 60 mo
Loan amount$1,000 - $35,000
OneMain Financial logo.
Est. APR18.00 - 35.99%
Term36 - 60 mo
Loan amount$1,500 - $20,000
Reach Financial logo.
Est. APR7.99 - 35.99%
Term24 - 60 mo
Loan amount$5,000 - $40,000
Upstart logo.
Est. APR6.70 - 35.99%
Term36 - 60 mo
Loan amount$1,000 - $50,000
Universal Credit logo.
Est. APR11.69 - 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® Score and loan offers matched to your credit profile.

Get started for free

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
  • 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

Fair - 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.

  • Loans from $2,000 to $36,500 and no prepayment penalties
  • Rates from 7.99% to 35.99% APR
  • Check your rate without impacting your credit score
  • Simple online application
  • Funds available as soon as the next business day upon approval
  • LendingPoint's innovative technology allows them to understand the individual creditworthiness of every applicant
  • Terms from 24 - 72 months
  • Fixed monthly payment and simple interest
  • LendingPoint has thousands of five-star reviews on Trustpilot
  • LendingPoint has an A+ rating from the Better Business Bureau
  • 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
  • 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. APR7.99 - 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 personal loan through Upgrade is easy and will give you a clear payoff date
  • 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
  • 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

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.

Learn more about personal loans