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Get a personal loan that works for you

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.

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

Lowest est. APR
Splash Financial logo.
Est. APR7.99 - 17.97%
Term36 - 72 mo
Loan amount$5,000 - $50,000
BHG Financial logo.
Est. APR10.26 - 25.31%
Term60 - 120 mo
Loan amount$20,000 - $200,000
Upgrade logo.
Est. APR9.99 - 35.99%
Term36 - 60 mo
Loan amount$1,000 - $50,000
Prosper logo.
Est. APR8.99 - 35.99%
Term24 - 60 mo
Loan amount$2,000 - $50,000
Reach Financial logo.
Est. APR14.30 - 35.99%
Term24 - 60 mo
Loan amount$5,000 - $40,000
SoFi logo.
Est. APR8.99 - 29.99%
Term24 - 84 mo
Loan amount$5,000 - $100,000
LendingPoint logo.
Est. APR7.99 - 35.99%
Term24 - 48 mo
Loan amount$2,000 - $30,000
OppLoans logo.
Est. APR160.00%
Term9 - 24 mo
Loan amount$500 - $4,000
LendingClub logo.
Est. APR8.98 - 35.99%
Term24 - 60 mo
Loan amount$1,000 - $40,000
Avant logo.
Est. APR9.95 - 35.95%
Term24 - 60 mo
Loan amount$2,000 - $35,000
Reprise Financial logo.
Est. APR9.99 - 35.99%
Term36 - 60 mo
Loan amount$2,500 - $25,000
Best Egg logo.
Est. APR5.99 - 35.99%
Term36 - 60 mo
Loan amount$2,000 - $50,000
Happy Money logo.
Est. APR11.72 - 17.99%
Term24 - 60 mo
Loan amount$5,000 - $40,000
OneMain Financial logo.
Est. APR18.00 - 35.99%
Term36 - 60 mo
Loan amount$1,500 - $20,000
Universal Credit logo.
Est. APR11.69 - 35.99%
Term36 - 60 mo
Loan amount$1,000 - $50,000
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

Fair - 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 $1,000 - $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. APR11.72 - 17.99%
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.

  • 11.72% - 17.99% 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 that allows you to borrow a fixed amount of money from a lender and make fixed monthly payments until the term ends. Terms can range from just a few months to up to several years.

Personal loans have flexible uses. You may need a personal loan to consolidate debt, pay for a wedding, complete home improvement projects or cover emergency expenses, such as medical bills, car repairs and funeral costs.

There are several different types of personal loans and the best type for you depends on your needs. Unsecured personal loans are the most common type and don't require collateral to access money. Secured personal loans are less common but include options like credit-builder loans that allow people to build credit. Debt consolidation loans are personal loans that you use for paying off multiple debts. Two other options—payday loans and title loans—are last resorts that you should aim to avoid due to high fees and the risk of falling into a cycle of debt.

Pros:

  • Low interest rates: Personal loans are known to have lower interest rates than most credit cards, which can save you a significant amount of money.
  • Simple terms: Personal loans have fixed monthly payments, so you can easily know how much you owe every month.
  • Flexible loan amounts: You can take out a small or large personal loan, allowing you to borrow what you need.
  • No collateral needed: Since most personal loans are unsecured, you can borrow money without risking your assets.

Cons:

  • Fees: Personal loans often 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.
  • No intro 0% APRs: If you have an intro 0% APR on a credit card or always pay your balance in full, then you may wind up paying more money with a personal loan.

A good personal loan interest rate is one that's lower than the national average, which is 9.41%, according to the most recently available Experian data.

Personal loan interest rates are influenced by several factors: Your credit score, income, debt-to-income ratio and 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 low APR. Smaller loans and shorter terms can both contribute to lower interest charges.

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.

Yes, you can refinance a personal loan. To refinance your personal loan, apply for and get approved for a new loan. Once you receive the money from the new loan, you can use it to pay off your old loan.

Yes, you can get a personal loan with bad credit by comparing interest rates and fees from lenders that offer loans designed for borrowers with bad credit. That said, you won't qualify for the lowest interest rates or the best terms. It may be better to take steps to improve your credit, then apply for a personal loan when your credit score has improved.

There's no limit to the amount of personal loans you can have at one time. You can have multiple personal loans with the same lender, or you can take out several loans by using different lenders. The amount of personal loans you can take out is ultimately up to the lender's discretion.

You can get a personal loan funded anywhere from minutes to days after you're approved, depending on the lender. Online lenders are generally the fastest when it comes to disbursing personal loan funds. You can get a faster approval by making sure your application is accurate, your credit files are unlocked and getting pre-approved.

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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