Marcus by Goldman Sachs No Longer Offers New Personal Loans

Marcus no longer offers new personal loans. Explore alternative loans from banks, online lenders and credit unions.
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Marcus stopped offering new personal loans in January 2023. The company said then it will continue to service existing loans.

Marcus previously offered personal loans ranging from $3,500 to $40,000 for borrowers with good to excellent credit (690 credit score or higher). Its loans offered features like direct payment to creditors, a rate discount for autopay and a payment deferral option.

If you still need a personal loan, consider alternative loan options from other banks, online lenders and credit unions.

Alternatives to Marcus by Goldman Sachs personal loans


Banks typically provide competitive rates on personal loans to borrowers with good and excellent credit. Some banks require you to be an existing customer in order to apply for a personal loan.

» COMPARE: Best bank loans

PNC Bank: PNC offers personal loans ranging from $1,000 to $35,000 for borrowers in all 50 states and Washington, D.C. You don’t need to be an existing customer to apply, but non-customers may have to visit a branch to close a loan. PNC also offers an autopay discount and flexible repayment options.

Wells Fargo: Wells Fargo personal loans come in a wide range of amounts — from $3,000 to $100,000 — so they’re easily customizable for most loan purposes. Existing customers can pre-qualify online with a soft credit check, but new customers may need to visit a branch to apply. Wells Fargo’s personal loans are available in all 50 states and Washington, D.C.

See if you pre-qualify for a personal loan – without affecting your credit score
Just answer a few questions to get personalized rate estimates from multiple lenders.

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Online lenders

Online lenders promise convenient applications and fast funding. These loans are available to borrowers across the credit spectrum.

SoFi: SoFi personal loans are available to borrowers with good and excellent credit and come in amounts from $5,000 to $100,000. The lender offers services like hardship programs.

LightStream: LightStream, an online arm of Truist Bank, offers online personal loans with low rates and zero fees. This includes no origination fee, which is hard to find among online lenders. It offers loans up to $100,000 and can send funds within one business day.

Upgrade: Upgrade is a particularly good option for debt consolidation — the lender will send loan funds to creditors and give a rate discount for this option. It offers joint and secured loan options and free credit score monitoring.

NerdWallet rating 
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Est. APR


Est. APR


Est. APR


Loan term

2 to 7 years

Loan term

2 to 7 years

Loan term

3 to 7 years

Loan amount


Loan amount


Loan amount


Min. credit score


Min. credit score


Min. credit score


Credit unions

Credit unions may offer easier qualification and lower rates than banks or online lenders. To apply for a loan at a credit union, you first need to become a member.

PenFed: PenFed is known for serving military members, but anyone can join by funding a savings account with a $5 minimum. You’ll need good to excellent credit to qualify.

First Tech: First Tech serves tech companies and their employees with personal loans ranging from $500 to $50,000 and repayment terms between two and seven years. It requires a 660 minimum credit score and offers co-signed and joint loan options.

How to compare personal loans

The best way to compare personal loan lenders is by pre-qualifying. Pre-qualifying lets you check your potential rate, loan amount and term without risking a hard credit check, which can temporarily knock a few points off your credit score.

Many lenders offer pre-qualification, though it's particularly common among online lenders. NerdWallet lets you pre-qualify with online lenders with no risk to your credit score.

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