Best Personal Loan Companies – Take Control of Your Finances Now

Whether you need a loan to consolidate debt, pay for an unexpected expense, or simply splurge on something fantastic, taking out a personal loan can be simple, fast, and inexpensive. Here are the top 10 best personal loan companies I tested and ranked: 1. Best overall: Credible 2. Best for comparing loans: LendingTree 3. Best for low credit: Fiona 4. Best for covering large expenses: Upgrade 5. Best for flexibility: Marcus 6. Best for competitive rates: LoansUnder36 7. Best for quick funds: 5KFUNDS 8. Best for loans with great terms: Monevo 9. Best for debt consolidation: SoFi 10. Best for bad credit: Pick a Lender
Best Personal Loan Companies – Take Control of Your Finances Now

Whether you need a loan to consolidate debt, pay for an unexpected expense, or simply splurge on something fantastic, taking out a personal loan can be simple, fast, and inexpensive. Here are the top 10 best personal loan companies I tested and ranked: 1. Best overall: Credible 2. Best for comparing loans: LendingTree 3. Best for low credit: Fiona 4. Best for covering large expenses: Upgrade 5. Best for flexibility: Marcus 6. Best for competitive rates: LoansUnder36 7. Best for quick funds: 5KFUNDS 8. Best for loans with great terms: Monevo 9. Best for debt consolidation: SoFi 10. Best for bad credit: Pick a Lender



Debt consolidation for those with good credit

Credible Review

Credible is a free online personal loan brokerage service perfect for anyone with a high credit rating looking to …
  • Best ForDebt consolidation for those with good credit
  • APR3.49%-35.99%
  • Minimum Credit Score680

Credible allows potential borrowers to compare rates from multiple lenders in only 2 minutes, without affecting your credit score. Simply enter a loan amount from $1,000 to $100,000 and fill in some details about what you need, such as the loan purpose, what level of education you’ve completed, employment status, approximate earnings and credit score, your name and date of birth. This information will get you a personalized rate, not a ballpark figure. The higher your credit, the better your rates will be. 

Credible vets it’s lenders, offering you rates from up to 11 lenders for debt consolidation, or what it calls “loans for life,” like moving costs, weddings, vacations and other financial goals. You’ll find loans you qualify for, complete your application online, and close your loan. Once you sign the documents, relax. The funds will get deposited into your account. Credible has an “excellent” (5 star) rating on Trustpilot, and offers lenders for almost any financial need, including debt consolidation, credit card refinancing, home improvement, bad credit loans, private student loans and student loan refinancing. With a client success team that’s always ready to help and is only a call, email or chat away, Credible can confidently call itself one of the best personal loan providers on the market.

  • No fees
  • Low APRs
  • Responses in minutes
  • Huge range of loan amounts
  • Higher credit scores required
  • No credit unions


Comparing a variety of loan options

LendingTree Review

LendingTree lets borrowers take advantage of the competition between personal loan lenders to access better terms, …
  • Best ForComparing a variety of loan options
  • APR3.49% – 35.99%
  • Minimum Credit ScoreNone

LendingTree is another successful loan marketplace, advertising only 3 steps to your best loan. The first step is answering a few questions about the kind of loan you’ll need and how you’ll use it. LendingTree then submits your request to its huge lender network. Within seconds, you’ll see the lender’s offers competing for your business. Next, you’ll compare and browse through the offers, looking at loan terms, interest rates and any terms, conditions or additional fees. There’s absolutely no fees from LendingTree itself, and no markup on your loan. 

You can compare offers side-by-side, talk with loan officers from individual lenders, or just apply online with one easy application. There are tons of educational resources too, so you can check your credit score, figure out your estimated monthly payments and learn more about loan vocabulary and know-how. LendingTree even has its own app, which will show you your credit score, suggest improvements, and stay on the lookout for lower rates for your personal loan options.

  • Large marketplace with a range of loans
  • No fees for connecting you with lenders
  • Excellent educational resources
  • Too many companies will contact you
  • No involvement beyond matching you with lenders


Quick one-page application

Upgrade Review

Upgrade offers personal loans of up to $50,000 for a range of purposes such as paying off credit card debt, …
  • Best ForCovering large expenses
  • APR7.99% – 35.97%
  • Minimum Credit Score620

Personal loans made through Upgrade feature APRs of 7.99%-35.97%. All personal loans have a 2.9% to 8% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. For example, if you receive a $10,000 loan with a 36-month term and a 17.98% APR (which includes a 14.32% 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 $343.33. Over the life of the loan, your payments would total $12,359.97. 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 lending partners. Information on Upgrade’s lending partners can be found at lending-partners

  • Quick online application
  • Pre-approval in minutes
  • Credit health tracker available
  • 6% origination fee
  • Applicants required to have $1,000 cash flow


Credit card debt, home improvements

SoFi Review

SoFi’s low interest rates and dedication to customer education make it a top choice when it comes to getting a …
  • Best ForCredit card debt, home improvements
  • APR5.99% – 20.25% (with AutoPay)
  • Minimum Credit Score680

SoFi is known as the community lender. It offers a feel-good borrowing experience, and it really does try its best to break the stigma of the ruthless, corporate, financial institution trying to take the consumers for everything they’ve got. Instead, SoFi has done away with fees, includes borrower-friendly clauses, and even creates social networking events for its community members. Yes, SoFi is definitely breaking a lot of stereotypes.

But how do its personal loans fair against the competition? Well, SoFi offers APRs as low as 5.99% (using autopay). A nice amount, but what’s really attractive about these loans is that they come fee-free. There is no origination, no closing fees, no prepayment penalties, and not even late fees, making this one of the most appealing options for anyone on a tight budget.

SoFi caters to a higher credit score, but it also adds a personal touch with things like unemployment protection. This will freeze your loan if you ever find yourself out of a job. SoFi will even go so far as to try to help you find a new job. Talk about offering a helping hand!

  • No fees
  • High loan amounts
  • Unemployment protection
  • Not good for poor credit
  • Not available in Mississippi


Borrowers with low credit

Fiona Loan Review: A Personal Loans Marketplace

Fiona is an online marketplace for lenders and borrowers that works with brands in the alternative lending …
  • Best ForBorrowers with low credit
  • APR4.99% – 35.99%
  • Minimum Credit Score580

Fiona is a personal loans marketplace that can help you save both time and money. You can filter loan offers by credit rating (the higher the better), zip code, loan purpose, and loan amount, and choose from the top offers listed almost instantly. You’ll get matched with personalized offers in less than 60 seconds from top providers. Choose the offer with terms you like, and if approved, you’ll get the funds or your new account right away. It’s super safe and secure with 256-bit encryption, a higher standard of security than many banks. 

Not sure what your credit score is? Fiona will connect you to FreeScore360 to get reports from all 3 credit bureaus. You can apply for loans, credit cards, or savings accounts. Take an unsecure or collateral loan to refinance your credit card debt, consolidate debt, or finance a life event. Fiona has lenders in it’s network for almost any credit score, so no need to be scared off if your credit is poor. The service is 100% free, and a loan inquiry through Fiona will not affect your credit score. Any information you submitted to Fiona’s quote application will be shared with the lender you choose, so you shouldn’t need to fill in repeated details to your loan application. Fiona welcomes questions and comments on its “contact us” page.

  • One application for many lenders
  • No negative impact on credit
  • You’ll get contacted with many offers
  • Limited number of lenders


The most flexibility

Marcus by Goldman Sachs Review

Marcus, a new personal loan provider by Goldman Sachs, offers loans that are fee-free and can be tailored to suit …
  • Best ForThe most flexibility
  • APR6.99% – 19.99%
  • Minimum Credit Score660

Additionally, Marcus has some impressive loan terms. For one thing, you can defer a payment after making 12 or more consecutive payments on time. That means you can simply skip a payment one month without any consequences. This is very generous and not something you’ll find with other lenders. Take advantage of the free online tools Marcus provides as well to keep tabs on your loan, calculate your monthly payments, and figure out your best options.

  • Choose monthly amount and loan terms
  • Free financial tools online
  • Defer payment option
  • Can’t sign up with a cosigner
  • Not available in all states


Borrowers seeking competitive loan rates

LoansUnder36 Review

LoansUnder36 uses its network of over 100 lenders to help customers with all types of credit histories find …
  • Best ForBorrowers seeking competitive loan rates
  • APR5.99% – 35.99%
  • Minimum Credit ScoreNone

With LoansUnder36, you can get your loan as soon as the next business day, without leaving home. The online form is quick, secure, and hassle-free, and all credit types can find a loan offer. See the money in your account super quickly, and get a real solution that works for you. It works hard to ensure that all borrowers are treated fairly and with transparency and holds itself to a high standard of customer service. You can take a loan between $1,000 and $35,000, and rates are guaranteed to be no higher than 35.99%. There are flexible short term loans and multi-year terms available too, making this a flexible partner in your personal loan funding. You’re free to use the money as you see fit.

  • Single application for multiple lenders
  • Large lender network
  • Strong customer support
  • Small range of loan amounts
  • Not a direct lender
  • Website is sparse


Quick funds and low rates

5KFUNDS Review

With an extensive network of reliable lenders at its disposal, 5KFunds offers an effortless way to get a quick loan …
  • Best ForQuick funds and low rates
  • APR5.99% – 35.99%
  • Minimum Credit ScoreNone

It’s easy to get the money you need with 5kFunds. Start by filling out the simple, secure, online form. No matter what your credit history is, this form can help you find a lender that works for the loan you need. Once you’ve selected a lender and been approved, the money will get deposited right into your bank account, with no checks or trips to the bank. 5kFunds services are always completely free of charge, but some lenders will charge fees (and interest). Each lender is required to provide you with full disclosure of their loan terms upon approval. You’ll only receive quotes from responsible lenders or lending companies who are authorized to lend cash in installment loans. Simply submit your required loan amount, name, zip code and email and you’ll begin the process of getting the funds you want.

  • US-based customer service
  • Match instantly with a lender
  • Easy application
  • Only up to $35,000
  • Few educational resources


Loans with great terms

Monevo Review

Monevo is an online lending marketplace that gives borrowers access to real-time responses from lenders and loan …
  • Best ForLoans with great terms
  • APR3.49% – 35.99%
  • Minimum Credit Score580

Monevo is Europe’s largest personal loan marketplace and platform, offering award winning service that allows you to search over 30 top lenders and banks. You can get personalized offers in 60 seconds with no credit impact, and super low rates. The company allows you to find a great rate on a loan from many of the best lenders with no obligation or fee. Monevo’s smart technology presents your details to lending partners to see if there are loan offers based on your personal information. In seconds, you’ll see offers from lenders. When you’re ready to move forward with an offer, click “continue,” with no commitment. The service is absolutely free and there’s no obligation to proceed once you get a rate quote, and no impact on your credit score. Lenders will send you decisions fast, in real time, so you know what your offers will be right away.

All data is transmitted and stored with SSL encryption, and Monevo is accredited by the Online Lenders Alliance (OLA), ensuring that you’ll be treated with the highest standards of conduct and compliance with state and federal law. Monevo has helped fund over $1 billion, and has helped over 250k borrowers get funded.

  • Transparent comparison table
  • Step-by-step application
  • Fast service
  • No further FAQs
  • Many options can be overwhelming

Pick a Lender

Fast, reliable network of lenders

Pick a Lender Review

Pick a Lender makes getting a personal loan incredibly simple with its easy and quick online application and a …
  • Best ForBad credit, people who want multiple quotes
  • APR5.99% – 35.99%
  • Minimum Credit ScoreNone

Pick a Lender prides itself on getting you the best personal loan offers in under 2 minutes. With a quick online application that is made up of a few basic questions, Pick a Lender makes it easy for borrowers to find a good rate within its wide network of lenders. With years in the industry, Pick a Lender has learned that not all lenders are created equal, which is why this lending aggregator has a thorough vetting process. It includes only professional and reliable lenders within its network.

Aside from the ease of use, what people love about Pick a Lender is the speed. You can get multiple rate quotes in less than 2 minutes from filling out a single application. That’s efficient. What’s more, Pick a Lender lenders are known for fast turnaround times. Some will be able to deposit your funds within 24 hours. So for anyone who needs fast funding, Pick a Lender is a good choice.

The other benefit to working with a lending network like Pick a Lender is that it has lenders that will work with any credit score and history. So even if you have bad or fair credit, or have been rejected for a personal loan before, there’s still hope with Pick a Lender.

  • Multiple loan quotes with a single application
  • Online application
  • Answers in 2 minutes
  • Not a direct lender
  • Limited to the lenders within the network
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