Personal Loan Rates: Compare Top Lenders for 2025

Over 10M borrowers served and $65B funded through our marketplace

Wonderful experience

My first experience and it was absolutely wonderful. The application process was so easy, I got approved within minutes!

Iroper

Takes the stress out...

This is the site that takes the stress out of applying for a loan..They do all all the work and you get to just do the signing of the loan...Stress free is always a blessing

Amy L.

Approved!

I got approved for a loan with bad credit, I've applied many places but was turned down it made my year Thank you!!!

Paula C.

Approved?!?! YES!!!

I've tried several sites that would take the information that never even got to an application process. It was infuriating! With y'all, it was one shot! I was actually able to get a personal loan!

Bonnie M.

It was simple and easy...

I believe that they actually try each and every way to get you a loan!

Jasmine M.

I really enjoyed how helpful n...

I really enjoyed how helpful nerdwallet was in helping me find my best loan offer.

Jacob

Quick and easy...

Very fast response on loan qualifications and they help every step of the way.

William W.

I love NerdWallet!

I got a quick loan!

Craig H.

Best Personal Loan Lenders of September 2025

Rates updated as of September 16, 2025

Best for borrowers with good to excellent credit

2025 NerdWallet award winner

NerdWallet rating

4.5

Est. APR

8.99 - 35.49%

Loan amount

$5K - $100K

Min. credit score

None

Loan term

2 to 7 years

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Our take on SoFi Personal Loan

SoFi offers large online personal loans with consumer-friendly features for good- and excellent-credit borrowers. Read our review of SoFi Personal Loan

Best for home improvement loans

2025 NerdWallet award winner

NerdWallet rating

4.5

Est. APR

6.49 - 24.89%

Loan amount

$5K - $100K

Min. credit score

660

Loan term

2 to 7 years

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Our take on LightStream

LightStream is a solid option for good- and excellent-credit borrowers, with no fees and a promise to beat competitors’ rates. Read our review of LightStream

Best for joint personal loans

2025 NerdWallet award winner

NerdWallet rating

5.0

Est. APR

7.90 - 35.99%

Loan amount

$1K - $60K

Min. credit score

600

Loan term

2 to 7 years

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Our take on LendingClub

A LendingClub personal loan is a standout option for qualified borrowers who want to pay off debt with flexible terms. Read our review of LendingClub

Best for borrowers with bad to fair credit

2025 NerdWallet award winner

NerdWallet rating

5.0

Est. APR

7.99 - 35.99%

Loan amount

$1K - $50K

Min. credit score

600

Loan term

2 to 7 years

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Our take on Upgrade

Upgrade accepts lower credit scores than similar lenders, and it offers multiple rate discounts for its personal loans. Read our review of Upgrade

Best for secured personal loans

NerdWallet rating

4.5

Est. APR

6.99 - 35.99%

Loan amount

$2K - $50K

Min. credit score

600

Loan term

3 to 5 years

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Our take on Best Egg

Best Egg is worth considering for borrowers looking for a secured loan or to consolidate debt. Read our review of Best Egg

Best for borrowers with short credit histories

NerdWallet rating

4.5

Est. APR

6.70 - 35.99%

Loan amount

$1K - $75K

Min. credit score

None

Loan term

3 to 5 years

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Our take on Upstart

Upstart personal loans offer fast funding and may be an option for borrowers with low credit scores or thin credit histories. Upstart is a solid financing choice for large purchases. Read our review of Upstart

How we chose the best personal loans

Our team of consumer lending experts follows an objective and robust methodology to rate lenders and pick the best.

30+

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.

60+

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 30 financial technology companies and financial institutions. We collect over 60 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.

See how much you can save with a personal loan

AmountEst. APRMonthly paymentInterest (5 years)

High interest credit card

Amount

$40,000

Est. APR

21.91%

Monthly payment

$1,102.71

Interest (5 years)

$26,162.64

Personal loan

Amount

$40,000

Est. APR

16.32%

Monthly payment

$979.54

Interest (5 years)

$18,772.19

Estimated savings

$7,390

28%less!

*All loan information is presented without warranty, and the estimated APR and other terms are not binding in any way. Lenders provide loans with a range of APRs depending on borrowers' credit and other factors. Keep in mind that only borrowers with excellent credit will qualify for the lowest rate available. Your actual APR will depend on factors like credit score, requested loan amount, loan term, and credit history. All loans are subject to credit review and approval.

Frequently asked questions

What can I use a personal loan for?
A personal loan is money you borrow from an online lender, bank or credit union that you use to pay for almost anything. Common uses of personal loans include debt consolidation, home improvements and life events. Even when you see loans advertised as wedding, adoption or travel loans, that’s just branding — you’re still getting a personal loan.
An equally important question is: Should you get a personal loan? If you get a loan with a low rate and affordable monthly payments — and it's the cheapest option available to you — then a personal loan may be a good option for you.
What are the requirements to qualify and apply for a personal loan?
Lenders review applicants’ credit, income and debt during the loan approval process. Requirements vary, but you’ll typically need at least good credit and steady income to qualify for a lender's lowest rates. Many lenders let you pre-qualify for a personal loan to check your chances of approval with no impact to your credit score. Expect to provide your Social Security number and proof of identity, address, income and employment.
What credit score is needed for a personal loan?
There’s no universal credit score required for a personal loan, but most lenders look for scores in at least the high-500s to mid-600s (out of 850). Borrowers with higher scores usually get better rates and terms. Lenders also consider your credit history and income before making a decision. The better your credit and finances, the more likely you are to get approved and qualify for a lower interest rate and higher loan amount.
It's a good idea to check your credit before you apply for a personal loan and take steps to build your score if you can. That might include fixing errors or bumping up your credit limit on a credit card.
How much can I borrow with a personal loan?
While some lenders offer loan amounts up to $100,000 for highly qualified borrowers, the more common range is $1,000 to $50,000. Small loans can help you cover important expenses, such as a vet bill or car repair. Larger loans can be used for home improvement projects or bigger expenses.
It's best to borrow only an amount you're certain you can afford to repay over the entire term. Use our personal loan calculator to see how different loan amounts, rates and terms affect your monthly payment.
Will checking my rates affect my credit score?
Shopping around for the best rate is a good idea, but be strategic so you don’t harm your credit. Find lenders that allow you to pre-qualify for a personal loan with a soft inquiry. Pre-qualifying won’t ding your score, so you can check multiple lenders for the best terms. Time your credit applications, including credit cards and loans, roughly six months apart to avoid credit damage.
Can I qualify for a personal loan if I have bad credit?
A bad credit score doesn’t exclude you from getting a personal loan; some online lenders have low minimum credit score requirements and consider factors like your employment and education — not just your credit score. Still, check your credit report before you apply, and fix any errors that may be bringing down your score. Opting for a secured, co-signed or joint loan could strengthen your chances of getting a personal loan with bad credit.
How do I get a personal loan?
The process of getting a personal loan begins with checking your credit and taking steps to build your score if you can. At the same time, check your budget to make sure you can afford a monthly loan payment on top of your other expenses. You'll then have a better sense of what rates and terms to look for when shopping for personal loans.
Shop for personal loans from online lenders, banks and credit unions, and compare their requirements, rates and terms. Once you’ve found a few good options, get pre-qualified with those lenders so you can compare personalized offers head to head.
What interest rate can I expect in September?
Interest rates on personal loans tend to hold steady, collectively ranging from about 7% to 36% APR. Currently, average rates on personal loans are higher than rates pre-pandemic. What rate you get depends largely on your credit score, income and how much debt you already have. Borrowers with good to excellent credit scores may receive rates around 15% or lower, while those with bad credit will see rates above 20%.
How quickly can I get a personal loan?
While some lenders advertise same-day funding, expect the process — from application to funding — to take at least a couple days. Applying for a personal loan online takes minutes, and qualified borrowers may be approved the same day. After approval, many lenders can fund a personal loan within a day or two, though it could take about a week.
To speed up the process, gather documents you’ll need to apply — like your I.D., paystubs and tax returns — and promptly respond to any lender questions or requests for additional documents.
How can I be sure a loan is safe?
A small loan from a predatory lender can damage your finances and trap you in a cycle of debt. You can avoid that by knowing the red flags of unsafe loans, such as rates above 36%, short repayment terms and no credit checks. If you need money to cover an emergency, consider options that don't require borrowing, like local nonprofits and community groups that can help with necessary expenses like rent, utilities and groceries.