Ally personal loan alternatives
Banks
- Credit scores accepted: Good to excellent.
- APR range: Average 11.57% at commercial banks for a two-year loan.
- Loan amounts: $1,000 to $100,000.
Online lenders
- Credit scores accepted: Bad to excellent.
- APR range: 6% to 36%.
- Loan amounts: $300 to $100,000.
 |  |
|---|---|
| See my rates | See my rates |
Est. APR7.99-35.99% | Est. APR7.90-35.99% |
Loan term2 to 7 years | Loan term2 to 6 years |
Loan amount$1,000-$50,000 | Loan amount$1,000-$50,000 |
Min. credit score580 | Min. credit score600 |
Credit unions
- Credit scores accepted: Bad to excellent.
- APR range: Average 10.74% at credit unions for a 36-month unsecured loan.
- Loan amounts: $250to $100,000.
Other Ally Bank reviews
- Vehicle loans and auto loan refinancing.
Methodology
How we chose the best personal loans
Our team of consumer lending experts follow an objective and robust methodology to rate lenders and pick the best.
35+
Lenders reviewed
We review over 35 lenders, including major banks, top credit unions, leading digital platforms, and high interest installment lenders operating across multiple states.
25+
Categories assessed
Each lender is evaluated across five weighted categories and 27 subcategories, covering affordability, eligibility, consumer experience, flexibility, and application process.
70+
Data points analyzed
Our team tracks and reassesses hundreds of data points annually, including APR ranges, fees, credit requirements, and borrower tools, ensuring up to date, accurate comparisons.
Star rating categories
We evaluate more categories than competitors and carefully weigh how each factor impacts your experience.
NerdWallet’s review process evaluates and rates personal loan products from more than 35 financial technology companies and financial institutions. We collect over 70 data points and cross-check company websites, earnings reports and other public documents to confirm product details. We may also go through a lender’s pre-qualification flow and follow up with company representatives. NerdWallet writers and editors conduct a full fact check and update annually, but also make updates throughout the year as necessary.
Our star ratings award points to lenders that offer consumer-friendly features, including: soft credit checks to pre-qualify, competitive interest rates and no fees, transparency of rates and terms, flexible payment options, fast funding times, accessible customer service, reporting of payments to credit bureaus and financial education. Our ratings award fewer points to lenders with practices that may make a loan difficult to repay on time, such as charging high annual percentage rates (above 36%), underwriting that does not adequately assess consumers’ ability to repay and lack of credit-building help. We also consider regulatory actions filed by agencies like the Consumer Financial Protection Bureau. We weigh these factors based on our assessment of which are the most important to consumers and how meaningfully they impact consumers’ experiences.
NerdWallet does not receive compensation for our star ratings. Read more about our ratings methodologies for personal loans and our editorial guidelines.
