BEST OF

76 PL Test RoundUp

(This is the Synopsis field. Copy the meta description here.)

By NerdWallet 

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

(This is the Custom Content Above Sections field. It is editable.)

This page lists all product cards currently available for Personal Loans.

PL Test RoundUp

Our pick for

Partner personal loan lenders

Avant
Get rate

on Avant's website

Avant

4.0

NerdWallet rating 
Avant

Est. APR

9.95-35.99%

Loan amount

$2,000-$35,000

Min. credit score

550
Get rate

on Avant's website


Min. credit score

550

Key facts

Avant personal loans are an option for fair- and bad-credit borrowers who need fast funding, but it lacks features that help you build credit or consolidate debt.

Pros

  • Fast funding.

  • Option to pre-qualify with a soft credit check.

  • Mobile app to manage loan.

  • Wide range of repayment term options.

  • Seven-day customer service availability.

Cons

  • May charge an origination fee.

  • No co-signed, joint or secured loans.

  • No direct payment to creditors on debt consolidation loans.

Qualifications

  • Must have a valid Social Security number.

  • Bank account must be in good standing.

  • Cannot be in active bankruptcy.

  • Minimum credit score: 550.

  • Minimum monthly net income: $1,200.

Available Term Lengths

1 to 5 years

Fees

  • Origination fee: 0% - 9.99%.

  • Late fee: Typically $25.

  • Returned payment fee: $15.

Disclaimer

Personal loan funds are generally deposited via ACH for delivery next business day if approved by 4:30 pm CT Monday-Friday. Loan amounts range from $2,000 to $35,000. APR ranges from 9.95% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee up to 9.99%. If approved, the actual loan terms that a customer qualifies for may vary based on credit determination, state law, and other factors. Minimum loan amounts vary by state. Administration fee is deducted from the loan proceeds and paid to the Lender. Any administration fee of 5% or less of the initial loan amount is not refundable. Administration fee amount in excess of 5% of the initial loan amount is refundable on a prorated basis over the remaining term of the loan when and if the loan is paid in full prior to its original maturity date. A partial prepayment does not trigger a refund of any administration fee amount. Borrower recognizes that the Administration fee is deemed part of the loan principal and is subject to the accrual of interest. Example: A $5,700 loan with an administration fee of 9.99% and an amount financed of $5,130.57, repayable in 36 monthly installments, would have an APR of 29.95% and monthly payments of $217.66. New Mexico consumer brochure (hyper linked to - https://assets.ctfassets.net/vrxttq978is8/1eS8eJhH54ycK7fhPa7hUk/bd189960ce122598d8c7551d2fb96fad/NM_Consumer_Information_Brochure_and_Loan_Rate_and_Fee_Disclosure.pdf) for common terms and definitions and regulations around rates and fees. Avant branded credit products are issued by WebBank.

Read Full Review
BestEgg
Get rate

on Best Egg's website

Best Egg

4.5

NerdWallet rating 
BestEgg

Est. APR

8.99-35.99%

Loan amount

$2,000-$50,000

Min. credit score

600
Get rate

on Best Egg's website


Min. credit score

600

Key facts

Best Egg offers personal loans for borrowers who want to consolidate debt and need cash fast.

Pros

  • Option to pre-qualify with a soft credit check.

  • Wide range of loan amounts.

  • Unsecured and secured loan options.

  • Direct payment to creditors with debt consolidation loans.

  • No late fees.

Cons

  • Origination fee.

  • No rate discounts.

  • No option to choose initial payment date.

  • No mobile app to manage loan.

Qualifications

  • Minimum credit score: 600.

  • Must be a U.S. citizen.

  • Minimum credit history: 24 months and 1 account.

  • Minimum annual income: $3,500.

  • Maximum debt-to-income ratio: 40% or 65% including mortgage.

Available Term Lengths

3 to 5 years

Fees

  • Origination fee: 0.99% - 8.99%.

Disclaimer

*Trustpilot TrustScore as of December 2022. Best Egg loans are personal loans made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender or Blue Ridge Bank, N.A., Member FDIC, Equal Housing Lender. The Best Egg Credit Card is issued exclusively by First Bank & Trust, Member FDIC, Brookings SD pursuant to a license by Visa International. Visa is a registered trademark, and the Visa logo design is a trademark of Visa International Incorporated. “Best Egg” is a trademark of Marlette Best Egg Technologies, LLC. Offers may be sent pursuant to a joint marketing agreement between Cross River Bank, Blue Ridge Bank, N.A. and/or First Bank & Trust and Marlette Marketing, LLC, a subsidiary of Best Egg, Inc. The term, amount, and APR of any loan we offer to you will depend on your credit score, income, debt payment obligations, loan amount, credit history and other factors. Your loan agreement will contain specific terms and conditions. About half of our customers get their money the next day. After successful verification, your money can be deposited in your bank account within 1-3 business days. The timing of available funds upon loan approval may vary depending upon your bank’s policies. Loan amounts range from $2,000– $50,000. Residents of Massachusetts have a minimum loan amount of $6,500 ; Ohio, $5,001; and Georgia, $3,001.  For a second Best Egg loan, your total existing Best Egg loan balances cannot exceed $100,000. Annual Percentage Rates (APRs) range from 8.99%–35.99%. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0.99%–8.99% of your loan amount, which will be deducted from any loan proceeds you receive. The origination fee on a loan term 4-years or longer will be at least 4.99%. Your loan term will impact your APR, which may be higher than our lowest advertised rate. You need a minimum 700 FICO® score and a minimum individual annual income of $100,000 to qualify for our lowest APR. For example: a 5‐year $10,000 loan with 9.99% APR has 60 scheduled monthly payments of $201.81, and a 3‐year $5,000 loan with 7.99% APR has 36 scheduled monthly payments of $155.12. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. Best Egg products are not available if you live in Iowa, Vermont, West Virginia, the District of Columbia, or U.S. Territories. TO REPORT A PROBLEM OR COMPLAINT WITH THIS LENDER, YOU MAY WRITE OR CALL– Operations Manager, Email: [email protected], Address: P.O. Box 42912, Philadelphia, PA 19101, Phone: 1-855-282-6353. This lender is licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504. To report any unresolved problems or complaints, contact the division by telephone at (505) 476-4885 or visit the website https://www.rld.nm.gov/financial-institutions/

Read Full Review
Discover
Get rate

on Discover's website

Discover® Personal Loans

5.0

NerdWallet rating 
Discover

Est. APR

7.99-24.99%

Loan amount

$2,500-$40,000

Min. credit score

660
Get rate

on Discover's website


Min. credit score

660

Key facts

With competitive rates and no orgination fees, Discover personal loans are good options for borrowers with good and excellent credit.

Pros

  • No origination fee.

  • Option to pre-qualify with a soft credit check.

  • Fast funding.

  • Mobile app to manage loan.

Cons

  • May charge late fee.

  • No co-sign or joint loan option.

  • No rate discount.

Qualifications

  • Minimum credit score: 660.

  • Must be at least 18 years old.

  • Must have a valid U.S. Social Security number.

  • Minimum individual or household annual income of $25,000.

  • Must have an active email address.

Available Term Lengths

3 to 7 years

Fees

  • Origination fee: None.

  • Late fee: $39.

Disclaimer

This is not a commitment to lend from Discover Personal Loans. Your APR will be between 7.99% and 24.99% based on creditworthiness at time of application for loan terms of 36-84 months. For example, if you get approved for a $15,000 loan at 13.99% APR for a term of 72 months, you'll pay just $309 per month. You must have a minimum individual or household annual income of $25,000, be over 18 years of age, and have a valid US SSN to be considered for a Discover personal loan. Loan approval is subject to confirmation that your income, debt-to-income ratio, credit history and application information meet all requirements. Our lowest rates are available to consumers with the best credit. Many factors are used to determine your rate, such as your credit history, application information and the term you select. State restrictions may apply. A Discover personal loan is intended for personal use and cannot be used to pay for post-secondary education, to pay off a secured loan, or to directly pay off a Discover credit card. If your application is approved, we will send funds after you accept the loan. Your bank or creditor may take more days to process the funds. Discover makes loans without regard to race, color, religion, national origin, sex, disability, or familial status.

Read Full Review
Earnest
See my rates

on NerdWallet's secure website

Earnest Personal Loan

5.0

NerdWallet rating 
Earnest

Est. APR

5.99-17.24%

Loan amount

$5,000-$75,000

Min. credit score

680
See my rates

on NerdWallet's secure website


Min. credit score

680

Key facts

Earnest is a good option if you're new to credit and responsible with money. Offers low rates and no fees.

Pros

  • No fees.

  • Flexible payments.

Cons

  • No co-sign or secured loan options.

  • Requires permission to scan checking account.

Qualifications

  • Minimum credit score: 680.

  • Proof of consistent income.

  • No open collections accounts.

  • Live in the District of Columbia or a state other than Alabama, Delaware, Kentucky, Nevada or Rhode Island.

Available Term Lengths

3 to 5 years

Fees

  • Origination fee: None.

  • Late fee: None.

Disclaimer

To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application. Earnest offers personal loans with fixed interest rates between 6.99% APR and 18.24% APR for three, four, or five year terms. Earnest rate ranges are current as of 07/03/2019 and are subject to change based on market conditions and borrower eligibility. The information provided on this page is updated as of 07/03/19. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 303 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, e-mail us at [email protected], or call 888-601-2801 for more information on our personal loan product.

Read Full Review
Achieve
See my rates

on NerdWallet's secure website

Achieve Personal Loans

4.5

NerdWallet rating 
Achieve

Est. APR

8.99-35.99%

Loan amount

$5,000-$50,000

Min. credit score

620
See my rates

on NerdWallet's secure website


Min. credit score

620

Key facts

Achieve is a strong option for debt consolidation loans. Borrowers can have funds paid directly to creditors and benefit from multiple rate discounts.

Pros

  • Option to pre-qualify with a soft credit check.

  • Multiple rate discounts.

  • Direct payment to creditors with debt consolidation loans.

  • Joint loan options.

Cons

  • Charges origination fee.

  • Not available in all states.

  • No mobile app to manage loan.

  • High minimum loan amount.

Qualifications

  • Minimum credit score: 620; borrower average is 700.

  • Maximum debt-to-income ratio: 45% excluding mortgage.

  • Minimum income: None; borrowers' average household income is $110,000.

  • Minimum credit history: 3 years and 2 accounts.

  • No active delinquencies and no bankruptcy in the last 24 months.

Available Term Lengths

2 to 5 years

Fees

  • Origination fee: 1.99% - 6.99%.

Disclaimer

Personal loans available through Achieve.com (NMLS #138464) or Achieve Personal Loans (NMLS ID #227977) are made by Cross River Bank, a New Jersey State Chartered Commercial Bank, or Pathward®, N.A., Equal Housing Lenders. Loan applications are subject to credit review, underwriting criteria and approval. Loans are not available in all states and available loan terms/fees may vary by state. Loan amounts range from $5,000 to $50,000. APRs range from 8.99% to 35.99% and include applicable origination fees that vary from 1.99% to 6.99%. Repayment periods range from 24 to 60 months. Example loan: four-year $20,000 loan with an origination fee of 6.99%, a rate of 15.49%, and corresponding APR of 19.54%, would have an estimated monthly payment of $561.60 and a total cost of $26,956.80. To qualify for a 8.99% APR loan, a borrower will need excellent credit, a loan amount less than $12,000.00, and a term of 24 months. Adding a co-borrower with sufficient income; using at least eighty-five percent (85%) of the loan proceeds to pay off qualifying existing debt directly; or showing proof of sufficient retirement savings, could also help you qualify for lower rates. Funding time periods are estimates and can vary for each loan request. Same day decisions assume a completed application with all required supporting documentation submitted early enough on a day that our offices are open. Achieve Personal Loans loan consultants' hours are Monday-Friday 6am-8pm AZ time, and Saturday-Sunday 7am-4pm AZ time.

Read Full Review
Lending Club
See my rates

on NerdWallet's secure website

LendingClub

4.5

NerdWallet rating 
Lending Club

Est. APR

8.98-35.99%

Loan amount

$1,000-$40,000

Min. credit score

600
See my rates

on NerdWallet's secure website


Min. credit score

600

Key facts

LendingClub personal loans are a solid option for good-credit borrowers looking to consolidate debt and build their credit.

Pros

  • Joint loan option.

  • Direct payment to creditors with debt consolidation loans.

  • Option to pre-qualify with a soft credit check.

  • Option to change your payment date.

Cons

  • Origination fee.

  • No mobile app to manage loan.

Qualifications

  • Minimum credit score: 600; average borrower score is above 700.

  • Minimum income: None; lender requires proof of income. Borrower average is $100,000 per year.

  • Maximum DTI: 40%.

  • Minimum credit history: 36 months and two accounts.

Available Term Lengths

2 to 5 years

Fees

  • Origination fee: 3% to 8%.

  • Late fee: 5% of payment or $15 after 15-day grace period.

Disclaimer

Between October 1, 2023 to December 31, 2023, Personal Loans issued by LendingClub Bank were funded within 65 hours after loan approval, on average. 24% of Personal Loans issued by LendingClub Bank during the same period were funded within 24 hours after loan approval. Loan approval, and the time it takes to issue a credit decision, are not guaranteed and individual results vary based on creditworthiness and other factors, including but not limited to investor demand. A representative example of payment terms for a Personal Loan is as follows: a borrower receives a loan of $19,169 for a term of 36 months, with an interest rate of 10.49% and a 6.00% origination fee of $1,150 for an APR of 14.81%. In this example, the borrower will receive $18,019 and will make 36 monthly payments of $623. Loan amounts range from $1,000 to $40,000 and loan term lengths range from 24 months to 60 months. Some amounts, rates, and term lengths may be unavailable in certain states. For Personal Loans, APR ranges from 8.98% to 35.99% and origination fee ranges from 3.00% to 8.00% of the loan amount. APRs and origination fees are determined at the time of application. Lowest APR is available to borrowers with excellent credit. Advertised rates and fees are valid as of March 8, 2024 and are subject to change without notice. Unless otherwise specified, credit products are provided by LendingClub Bank, N.A., Member FDIC, Equal Housing Lender (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Only deposit products are FDIC-insured. LendingClub Bank is not an affiliate of NerdWallet and is not responsible for the products and services provided by NerdWallet. Credit products are subject to credit approval and may be subject to sufficient investor commitment. If a credit union is selected to invest in the loan, credit union membership will be required. Certain information that LendingClub Bank subsequently obtains as part of the application process (including but not limited to information in your consumer report, your income, the loan amount that you request, the purpose of your loan, and qualifying debt) will be considered and could affect your ability to obtain a loan. Loan closing is contingent on accepting all required agreements and disclosures at Lendingclub.com. “LendingClub” and the “LC” symbol are trademarks of LendingClub Bank. 2024 LendingClub Bank. All rights reserved.

Read Full Review
LendingPoint
See my rates

on NerdWallet's secure website

LendingPoint

4.5

NerdWallet rating 
LendingPoint

Est. APR

7.99-35.99%

Loan amount

$2,000-$36,500

Min. credit score

660
See my rates

on NerdWallet's secure website


Min. credit score

660

Key facts

LendingPoint personal loans are a solid borrowing option for fair- and bad-credit borrowers. They are funded quickly and have some flexible features.

Pros

  • Soft credit check to pre-qualify.

  • Fast funding.

  • Offers mobile app to manage loan payments.

  • Option to change your payment date.

  • Free credit score access.

Cons

  • May charge an origination fee.

  • Reports payments to two of the three major credit bureaus.

  • No joint, co-signed or secured loans.

  • Does not directly pay creditors with debt consolidation loans.

Qualifications

  • Must be a U.S. citizen and at least 18 years old in most states.

  • Must have a Social Security number and personal bank account.

  • Minimum credit score: 660. This lender uses FICO score version 9 and VantageScore version 3.

  • Minimum credit history: 6 months.

  • Minimum annual income: $35,000. This lender accepts income from employment, alimony, retirement, child support and Social Security payments.

  • Maximum debt-to-income ratio: 50%, not including mortgage.

Available Term Lengths

2 to 6 years

Fees

  • Origination fee: 0% to 10%.

  • Late fee: 5% of payment or $30, depending on the state, after 15-day grace period.

Disclaimer

Applications submitted on this website may be funded by one of several lenders, including: FinWise Bank, a Utah-chartered bank, Member FDIC; Coastal Community Bank, Member FDIC; Midland States Bank, Member FDIC; and LendingPoint, a licensed lender in certain states. 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 up to 10% may apply depending upon your state of residence. Upon final underwriting approval to fund a loan, said funds are often sent via ACH the next non-holiday business day. Loans are offered from $2,000 to $36,500, at rates ranging from 7.99% to 35.99% APR, with terms from 24 to 72 months. Minimum loan amounts apply in Georgia, $3,500; Colorado, $3,001; and Hawaii, $2,000. For a well-qualified customer, a requested loan of $10,000 serviced by LendingPoint over a period of 48 months that has an APR of 26.59% with an origination fee of 10% may have a payment of $340.52 per month. (Actual terms and rate depend on credit history, income, and other factors.) The total amount due under the loan terms provided is $16,345.12 and the disbursal amount is $10,000. In the example provided, the total financed amount is increased to receive the full requested loan amount after the origination fee is deducted. The total amount due is the total amount of the loan you will have paid after you have made all payments as scheduled.

Read Full Review
Lightstream
Get rate

on LightStream's website

LightStream

4.5

NerdWallet rating 
Lightstream

Est. APR

6.99-25.49%

Loan amount

$5,000-$100,000

Min. credit score

660
Get rate

on LightStream's website


Min. credit score

660

Key facts

LightStream targets strong-credit borrowers with no fees and low rates that vary based on loan purpose.

Pros

  • No fees.

  • Rate discount for autopay.

  • Long repayment terms on home improvement loans.

  • Rate Beat program and Experience Guarantee.

Cons

  • No option to pre-qualify with a soft credit check on its website.

  • No direct payment to creditors with debt consolidation loans.

  • High minimum loan amount.

Qualifications

  • Must be a U.S. citizen or permanent resident.

  • Must be at least 18 years old.

  • Minimum credit score: 660.

  • Must have several years of credit history with multiple account types and few or no delinquencies.

  • Must have assets like retirement, investment and savings accounts.

Available Term Lengths

2 to 7 years

Fees

  • Origination fee: None.

  • Late fee: None.

Disclaimer

Rates quoted are with AutoPay. Your loan terms are not guaranteed and may vary based on loan purpose, length of loan, loan amount, credit history and payment method (AutoPay or Invoice). AutoPay discount is only available when selected prior to loan funding. Rates without AutoPay are 0.50% points higher. To obtain a loan, you must complete an application on LightStream.com which may affect your credit score. You may be required to verify income, identity and other stated application information. Payment example: Monthly payments for a $10,000 loan at 7.99% APR with a term of 5 years would result in 60 monthly payments of $202.72. Some additional conditions and limitations apply. Advertised rates and terms are subject to change without notice. Truist Bank is an Equal Housing Lender. © 2024 Truist Financial Corporation. Truist, LightStream, and the LightStream logo are service marks of Truist Financial Corporation. All other trademarks are the property of their respective owners. Lending services provided by Truist Bank.

Read Full Review
OneMain
Get rate

on OneMain Financial's website

OneMain Financial

3.5

NerdWallet rating 
OneMain

Est. APR

18.00-35.99%

Loan amount

$1,500-$20,000

Min. credit score

None
Get rate

on OneMain Financial's website


Min. credit score

None

Key facts

OneMain prioritizes a borrower’s ability to repay on a loan application. Rates are high, but this lender provides fast funding to borrowers with low credit scores.

Pros

  • Option to choose and change your payment date.

  • Joint and secured loans.

  • Fast funding.

  • Direct payment to creditors on debt consolidation loans.

Cons

  • Rates are high compared to other lenders.

  • Charges origination fee.

  • No rate discounts.

  • Limited loan amounts.

Qualifications

  • Must have a taxpayer identification number.

  • Must be 18 or older in most states.

  • Minimum credit score: None.

  • Minimum credit history: None; this lender prefers some minimal credit history.

  • Minimum number of accounts on credit report: 1 active account.

  • Minimum income: None, but borrowers must have sufficient disposable income to make the monthly loan payment. This lender accepts income from employment, alimony, retirement, child support and Social Security payments.

Available Term Lengths

2 to 5 years

Fees

  • Origination fee: $25 to $500 or 1% to 10% of the loan amount.

  • Late fee: $5 to $30 or 1.5% to 15% of your monthly payment.

  • Non-sufficient funds fee: $10 to $50.

Disclaimer

Not all applicants will be approved. Loan approval and actual loan terms depend on your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral) and your state of residence. If approved, not all applicants will qualify for larger loan amounts or most favorable loan terms. Larger loan amounts require a first lien on a motor vehicle no more than ten years old, that meets our value requirements, titled in your name with valid insurance. APRs are generally higher on loans not secured by a vehicle. Highly-qualified applicants may be offered higher loan amounts and/or lower APRs than those shown above. OneMain charges origination fees where allowed by law. Depending on the state where you open your loan, the origination fee may be either a flat amount or a percentage of your loan amount. Flat fee amounts vary by state, ranging from $25 to $500. Percentage-based fees vary by state ranging from 1% to 10% of your loan amount subject to certain state limits on the fee amount. Visit omf.com/loanfees for more information. Loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z such as college, university or vocational expense; for any business or commercial purpose; to purchase cryptocurrency assets, securities, derivatives or other speculative investments; or for gambling or illegal purposes. Borrowers in these states are subject to these minimum loan sizes: Alabama: $2,100. California: $3,000. Georgia: $3,100. North Dakota: $2,000. Ohio: $2,000. Virginia: $2,600. Borrowers in these states are subject to these maximum loan sizes: North Carolina: $11,000 for unsecured loans to all customers, $11,000 for secured loans to present customers. Maine: $7,000. Mississippi: $12,000. West Virginia: $13,500. Loans to purchase a motor vehicle or powersports equipment from select Maine, Mississippi, and North Carolina dealerships are not subject to these maximum loan sizes. Example Loan: A $6,000 loan with a 24.99% APR that is repayable in 60 monthly installments would have monthly payments of $176.07. Time to Fund Loans: Funding within one hour after closing through SpeedFunds must be disbursed to a bank-issued debit card. Disbursement by check or ACH may take up to 1-2 business days after loan closing.

Read Full Review
Happy Money
See my rates

on NerdWallet's secure website

Happy Money

4.5

NerdWallet rating 
Happy Money

Est. APR

11.72-17.99%

Loan amount

$5,000-$40,000

Min. credit score

640
See my rates

on NerdWallet's secure website


Min. credit score

640

Key facts

Happy Money offers loans and ongoing support to help fair- and good-credit borrowers consolidate credit card debt.

Pros

  • Pre-qualify with soft credit check.

  • Direct payment to creditors with debt consolidation loans.

  • Fast funding.

  • Hardship program.

Cons

  • Origination fee.

  • No rate discount.

  • No joint, co-sign or secured loan options.

  • No option to choose initial payment date.

Qualifications

  • Must be a U.S. citizen or permanent resident.

  • Must have a valid Social Security number.

  • Minimum credit score: 640.

  • Minimum credit history: 6 years and 2 accounts.

  • Maximum debt-to-income ratio: 55%.

  • No bankruptcies filed in past two years.

Available Term Lengths

2 to 5 years

Fees

  • Origination fee: 1.5% to 5%.

Disclaimer

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 10, 2024, are covered under the TruStage™ 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. TruStage™ 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.

Read Full Review
Prosper
See my rates

on NerdWallet's secure website

Prosper

4.5

NerdWallet rating 
Prosper

Est. APR

8.99-35.99%

Loan amount

$2,000-$50,000

Min. credit score

560
See my rates

on NerdWallet's secure website


Min. credit score

560

Key facts

Prosper accepts borrowers across the credit spectrum and offers competitive rates and fees, plus instant approval.

Pros

  • Instant approval.

  • Joint loan option.

  • Hardship program for borrowers in need.

  • Mobile app to manage loan.

Cons

  • No rate discount.

  • Charges origination and late fees.

  • No direct payment to creditors with debt consolidation loans.

Qualifications

  • Minimum credit score: 560; borrower average is 710.

  • Minimum income: No minimum requirement; borrower average is $122,000.

  • Maximum debt-to-income ratio: 50% (excluding mortgage); borrower average is 41% (including mortgage).

  • Must be at least 18 years old.

  • Must provide Social Security number and a U.S. bank account.

Available Term Lengths

2 to 5 years

Fees

  • Origination fee: 1% to 5%.

  • Late fee: 5% of monthly payment or $15, whichever is greater.

  • Insufficient funds fee: $15.

  • Pay by mail fee: $5.

Disclaimer

For example, a three-year $10,000 personal loan would have an interest rate of 9.88% and a 6.99% origination fee for an annual percentage rate (APR) of 14.93% APR. You would receive $9,301 and make 36 scheduled monthly payments of $322.11. A five-year $10,000 personal loan would have an interest rate of 11.64% and a 7.99% origination fee with a 15.36% APR. You would receive $9,201 and make 60 scheduled monthly payments of $220.63. Origination fees vary between 1% and 7.99%. 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.

Read Full Review
RocketLoans
Get rate

on Rocket Loans' website

Rocket Loans

4.0

NerdWallet rating 
RocketLoans

Est. APR

9.12-29.99%

Loan amount

$2,000-$45,000

Min. credit score

640
Get rate

on Rocket Loans' website


Min. credit score

640

Key facts

Rocket Loans offers fast funding for online personal loans to borrowers with fair and good credit, but it lacks some key features.

Pros

  • Option to pre-qualify with a soft credit check.

  • Rate discount for autopay.

  • Fast funding.

  • Wide range of loan amounts.

Cons

  • Charges origination fee.

  • No direct payment to creditors with debt consolidation personal loans.

  • Only two repayment term options.

  • No co-sign or joint loan option.

Qualifications

  • Minimum credit score: 640.

  • Must be a U.S. resident.

  • Must be at least 18 years old in most states.

Available Term Lengths

3 to 5 years

Fees

  • Origination fee: 2.98% to 9.34%.

  • Late fee: $15.

  • Unsuccessful payment fee: $15.

Disclaimer

All personal loans are made by Cross River Bank, a New Jersey state chartered commercial bank, Member FDIC, Equal Housing Lender. All loans are unsecured, fully amortizing personal loans. Eligibility for a loan is not guaranteed. Please refer to our Disclosures and Licenses page for state-required disclosures, licenses, and lending restrictions. Borrower must be a U.S. citizen or permanent U.S. resident alien at least 18 years of age. All loan applications are subject to credit review and approval. Offered loan terms depend upon your credit profile, requested amount, requested loan term, credit usage, credit history and other factors. Not all borrowers receive the lowest interest rate. To qualify for the lowest rate, you must have excellent credit, meet certain conditions, and select autopay. Rates and Terms are subject to change at any time without notice. Please refer to www.RocketLoans.com and our Terms of Use for additional terms and conditions.

Read Full Review
SoFi
Get rate

on SoFi's website

SoFi Personal Loan

5.0

NerdWallet rating 
SoFi

Est. APR

8.99-29.99%

Loan amount

$5,000-$100,000

Min. credit score

None
Get rate

on SoFi's website


Min. credit score

None

Key facts

SoFi offers online personal loans with consumer-friendly features for good- and excellent-credit borrowers.

Pros

  • Joint loan option.

  • Multiple rate discounts.

  • Mobile app to manage loan.

Cons

  • No option to choose initial payment date.

  • High minimum loan amount.

Qualifications

  • Must legally be an adult in your state.

  • Must be a U.S. citizen, permanent resident or non-permanent resident with valid documentation.

  • Must be employed, have sufficient income or have an offer of employment to start within 90 days.

Available Term Lengths

2 to 7 years

Fees

  • Origination fee: 0% to 7%.

  • Late fee: None.

Disclaimer

Fixed rates from 8.99% APR to 29.99% APR reflect the 0.25% autopay interest rate discount and a 0.25% direct deposit interest rate discount. SoFi rate ranges are current as of 02/06/2024 and are subject to change without notice. The average of SoFi Personal Loans funded in 2022 was around $30K. 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 and will depend on the term you select, evaluation of your creditworthiness, income, and a variety of 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 0%-7%, which 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.

Read Full Review
Upgrade
Get rate

on Upgrade's website

Upgrade

5.0

NerdWallet rating 
Upgrade

Est. APR

8.49-35.99%

Loan amount

$1,000-$50,000

Min. credit score

560
Get rate

on Upgrade's website


Min. credit score

560

Key facts

Upgrade personal loans offer multiple rate discounts and direct payment to creditors. A low minimum credit score requirement makes the perks stand out even more.

Pros

  • Secured and joint loans.

  • Multiple rate discounts.

  • Mobile app to manage loan payments.

  • Direct payment to creditors with debt consolidation loans.

  • Long repayment terms on home improvement loans.

Cons

  • Origination fee.

  • No option to choose your payment date.

Qualifications

  • Minimum credit score: 560.

  • Minimum number of accounts on credit history: One account.

  • Maximum debt-to-income ratio: 75%, including the loan you're applying for.

  • Minimum length of credit history: Two years.

  • Minimum income requirement: None. Lender accepts income from alimony, retirement, child support, Social Security and other sources.

Available Term Lengths

3 to 7 years

Fees

  • Origination fee: 1.85% to 9.99%.

  • Late Fee: $10.

  • Failed payment fee: $10.

Disclaimer

Personal loans made through Upgrade feature Annual Percentage Rates (APRs) of 8.49%-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/.

Read Full Review
Upstart
Get rate

on Upstart's website

Upstart

4.5

NerdWallet rating 
Upstart

Est. APR

7.80-35.99%

Loan amount

$1,000-$50,000

Min. credit score

None
Get rate

on Upstart's website


Min. credit score

None

Key facts

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.

Pros

  • Accepts borrowers new to credit.

  • Fast funding.

  • Option to change your payment date.

  • Option to pre-qualify with a soft credit check.

  • Seven-day customer service availability.

Cons

  • May charge origination fee.

  • No joint, co-signed or secured loans.

  • No mobile app to manage loan.

  • Only two repayment term options.

Qualifications

  • Must be a U.S. citizen or permanent resident.

  • Must be at least 18 in most states.

  • Must have a valid email address and Social Security number.

  • Must have a bank account at a financial institution with a routing number.

  • No bankruptcies in the last 12 months.

  • No current delinquent accounts.

  • Minimum credit score: None.

  • Minimum annual income: $12,000; this lender accepts income from employment, alimony, retirement, child support, Social Security, rentals, trusts, pensions, disability and scholarships.

  • Must have a full-time job or be starting a full-time job within six months.

Available Term Lengths

3 to 5 years

Fees

  • Origination fee: 0% to 12%.

  • Late fee: 5% of past due amount or $15, whichever is greater.

  • Returned check fee: $15.

Disclaimer

The full range of available rates varies by state. A representative example of payment terms for a Personal Loan is as follows: a borrower receives a loan of $10,000 for a term of 60 months, with an interest rate of 21.58% and a 9.84% origination fee of $984, for an APR of 26.82%. In this example, the borrower will receive $9016 and will make 60 monthly payments of $275. APR is calculated based on 5-year rates offered in December 2023. There is no downpayment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.

Read Full Review
Laurel Road Personal Loan
See my rates

on NerdWallet's secure website

Laurel Road Personal Loan

4.0

NerdWallet rating 
Laurel Road Personal Loan

Est. APR

9.49-24.25%

Loan amount

$5,000-$45,000

Min. credit score

660
See my rates

on NerdWallet's secure website


Min. credit score

660

Key facts

Laurel Road offers medium to large online loans with an autopay discount and minimal fees.

Pros

  • Co-sign loan option.

  • No origination fee.

  • Rate discount for autopay.

Cons

  • Late fee.

  • High minimum loan amount.

Qualifications

  • Must be a U.S. citizen or permanent resident.

Available Term Lengths

3 to 5 years

Fees

  • Origination fee: None.

  • Late fee: 5% of payment or $28 after 15 days.

  • Non-sufficient funds fee: $20.

Read Full Review
Barclays Personal Loan
See my rates

on NerdWallet's secure website

Barclays Personal Loan

4.5

NerdWallet rating 
Barclays Personal Loan

Est. APR

4.99-20.99%

Loan amount

$5,000-$35,000

Min. credit score

None
See my rates

on NerdWallet's secure website


Min. credit score

None

Key facts

Barclays is good for consolidating debt if you have strong credit. May directly pay off up to five credit cards.

Pros

  • No fees.

  • Low starting rates.

  • Offers option to directly pay creditors.

Cons

  • No refinancing option.

  • Lacks co-sign option.

Qualifications

  • Good or excellent credit.

  • Proven ability to manage credit.

Available Term Lengths

3 to 5 years

Fees

  • Origination fee: None.

  • Late fee: None.

Read Full Review
EarnIn
See my rates

on NerdWallet's secure website

EarnIn

3.5

NerdWallet rating 
EarnIn

Est. APR

N/A

Loan amount

$100-$750

Min. credit score

None
See my rates

on NerdWallet's secure website


Min. credit score

None

Key facts

EarnIn provides reasonably large advances to qualified users. It’s best for one-time emergency situations when you’re confident you can pay the app back.

Pros

  • No mandatory fees.

  • Low optional fees.

  • Potentially large advances.

Cons

  • Requires access to your bank account.

  • May require access to your location or contact you via your work email address.

  • May cause an overdraft fee if you don’t have sufficient funds.

Qualifications

  • Hourly or salaried employee.

  • Get paid by direct deposit.

  • Provide access to the checking account where your paycheck is deposited.

  • Upload a timesheet or turn on location services to let the app know you went to work.

Fees

  • $0.99 to $3.99 express fee.

  • Optional tip.

Read Full Review
Affirm
See my rates

on NerdWallet's secure website

Affirm

5.0

NerdWallet rating 
Affirm

Est. APR

N/A

Loan amount

$50-$25,000

Min. credit score

None
See my rates

on NerdWallet's secure website


Min. credit score

None

Key facts

Affirm may be among the top BNPL providers, thanks to zero fees and the availability of no-interest financing, but make sure you can afford the payments.

Pros

  • Offers zero-interest loans.

  • No fees.

  • Offers monthly financing.

  • Some loans include credit reporting.

Cons

  • May send past-due borrowers to collections.

  • Doesn’t pause account after missed payment.

Qualifications

  • Must be at least 18 years old.

  • Must be a U.S. resident.

  • Must have a Social Security number.

  • Must be able to receive texts to a U.S.-registered phone number.

Available Term Lengths

1 month to 5 years

Fees

  • No fees.

Read Full Review
American Express Personal Loan
See my rates

on NerdWallet's secure website

American Express Personal Loan

3.5

NerdWallet rating 
American Express Personal Loan

Est. APR

5.91-17.97%

Loan amount

$3,500-$40,000

Min. credit score

None
See my rates

on NerdWallet's secure website


Min. credit score

None

Key facts

American Express personal loans are a convenient choice for pre-approved cardholders, but they lack some consumer-friendly features.

Pros

  • No origination fee.

  • Can fund loans within one week.

  • Free credit score access.

Cons

  • Exclusive to pre-approved cardholders.

  • No rate discount.

  • No option to choose or change your payment date.

  • No co-sign or joint loan option.

Qualifications

  • Must be at least 18 years old.

  • Must be a U.S. citizen or permanent resident.

  • Must have pre-approval and an active American Express card.

Available Term Lengths

1 to 3 years

Fees

  • Late fee: $39.

  • Insufficient funds fee: $39.

Read Full Review
Backed
See my rates

on NerdWallet's secure website

Backed

3.0

NerdWallet rating 
Backed

Est. APR

2.90-15.99%

Loan amount

$3,000-$25,000

Min. credit score

None
See my rates

on NerdWallet's secure website


Min. credit score

None

Key facts

Backed specializes in loans for borrowers who are "backed" by a co-signer. It lends in only a few states.

Pros

  • Co-sign option.

  • Low starting rates.

  • No prepayment fee.

Cons

  • Origination fee.

  • Available in a limited number of states.

Qualifications

  • Co-signer's minimum credit score: 720.

  • Co-signer's minimum annual income: $50,000.

  • No debt-to-income ratio specified.

  • No minimum credit score.

  • No minimum annual income.

  • No debt-to-income ratio specified.

Available Term Lengths

1 to 3 years

Fees

  • Origination fee: 0.8% - 2%.

Read Full Review
Capital Good Fund
See my rates

on NerdWallet's secure website

Capital Good Fund

Not yet rated

Capital Good Fund

Est. APR

12.00-15.99%

Loan amount

$300-$50,000

Min. credit score

None
See my rates

on NerdWallet's secure website


Min. credit score

None

Key facts

Capital Good Fund is a lower-cost alternative to payday loans, with fast funding and consumer-first features.

Pros

  • Low rates on small-dollar loans.

  • Application decisions made within a couple of days.

  • Accepts bad credit and thin credit histories.

Cons

  • Available in limited number of states.

Qualifications

  • Must live in Colorado, Connecticut, Delaware, Illinois, Florida, Massachusetts, New Jersey, Rhode Island or Texas.

Available Term Lengths

1 to 7 years

Fees

  • Origination fee: None.

  • Late fee: None.

Read Full Review
Citibank
See my rates

on NerdWallet's secure website

Citibank

4.5

NerdWallet rating 
Citibank

Est. APR

10.49-19.49%

Loan amount

$2,000-$30,000

Min. credit score

720
See my rates

on NerdWallet's secure website


Min. credit score

720

Key facts

Citibank personal loans can be a good choice for Citibank customers, but you may find more flexible options elsewhere if you have strong credit.

Pros

  • No fees.

  • Multiple rate discounts.

  • Wide variety of repayment term options.

  • Fast funding.

Cons

  • No co-sign or joint loan option.

  • No option to choose or change your payment date.

  • No large loan amounts.

Qualifications

  • Must be at least 18 years old (21 years of age in Puerto Rico).

  • Must meet Citi’s creditworthiness criteria.

Available Term Lengths

1 to 5 years

Fees

  • No fees.

Disclaimer

Rates as of 10‐06‐2023. Your APR may be as low as 10.49% or as high as 19.49% for the term of your loan. The lowest rate quoted assumes excellent credit, and a loan term of 36 months or shorter. Otherwise, a higher rate will apply. For example, if you borrow $10,000 for 36 months at 15.99% APR, to repay your loan you will have to make 36 monthly payments of approximately $351.52. There is a 0.5% APR discount if you enroll in automatic payments at loan origination. Additionally, existing Citigold and Citi Priority customers will receive a 0.25% discount to the interest rate. If you are in default, your APR may increase by 2.00%. No down payment is required. Rates subject to change without notice. You must be at least 18 years of age (21 years of age in Puerto Rico). Co‐applicants are not permitted. Loan proceeds cannot be used for post-secondary educational or business purposes. If you apply online, you must agree to receive the loan note and all other account disclosures provided at loan origination in an electronic format and provide your signature electronically. Credit cards issued by Citibank, N.A. or its affiliates, as well as Checking Plus and Ready Credit accounts, are not eligible for debt consolidation, and Citibank will not issue payoff checks for these accounts. If you are unsure of the issuer on the account, please visit https://www.citi.com/affiliatesproducts for a list of Citi products and affiliates

Read Full Review
Citizens Bank
See my rates

on NerdWallet's secure website

Citizens Bank

4.5

NerdWallet rating 
Citizens Bank

Est. APR

6.78-20.88%

Loan amount

$5,000-$50,000

Min. credit score

None
See my rates

on NerdWallet's secure website


Min. credit score

None

Key facts

Citizens Bank targets borrowers with good credit, offering rate discounts and a co-sign option.

Pros

  • No fees.

  • Autopay discount.

  • Co-sign option.

Cons

  • Lacks flexible payment options.

  • Does not offer direct payment to creditors.

Qualifications

  • At least 18 years old (19 in Alabama; 21 in Puerto Rico).

  • Good credit history.

  • Minimum annual income of $24,000.

Available Term Lengths

3 to 7 years

Fees

  • Origination fee: None.

Read Full Review
Finova
See my rates

on NerdWallet's secure website

Finova

Not yet rated

Finova

Est. APR

17.00-30.00%

Loan amount

$750-$5,000

Min. credit score

350
See my rates

on NerdWallet's secure website


Min. credit score

350

Key facts

Finova gives auto equity loans that require you to pledge your car as collateral.

Pros

  • Fast funding.

  • Accepts bad credit.

Cons

  • High rates and fees.

  • Available in a limited number of states.

Qualifications

  • Have a fully paid-off vehicle with proof of comprehensive and collision insurance coverage.

Available Term Lengths

1 to 2 years

Fees

  • Origination fee: None.

Read Full Review
First Tech Credit Union Personal Loan
See my rates

on NerdWallet's secure website

First Tech Credit Union Personal Loan

5.0

NerdWallet rating 
First Tech Credit Union Personal Loan

Est. APR

8.99-18.00%

Loan amount

$500-$50,000

Min. credit score

660
See my rates

on NerdWallet's secure website


Min. credit score

660

Key facts

First Tech’s personal loans are a sound option for members who want a customizable loan with fast funding.

Pros

  • Option to pre-qualify with a soft credit check.

  • Co-sign and joint loan options.

  • Wide range of loan amounts.

  • Wide range of repayment term options.

  • Fast funding.

Cons

  • Exclusive to credit union members.

  • No option to choose or change your payment date.

  • No direct payment to creditors with debt consolidation loans.

  • No rate discount.

Qualifications

  • Must be a First Tech Federal Credit Union member to apply.

  • Minimum credit score: 660.

  • Maximum debt-to-income ratio: 50%.

  • Must provide Social Security number.

  • Must provide state-issued identification, like a driver's license.

  • Must provide contact details.

Available Term Lengths

2 to 7 years

Fees

  • Late fee: $25.

Read Full Review
Greensky
See my rates

on NerdWallet's secure website

Greensky

Not yet rated

Greensky

Est. APR

24.99%

Loan amount

$0-$100,000

Min. credit score

None
See my rates

on NerdWallet's secure website


Min. credit score

None

Key facts

GreenSky offers competitive rates compared to other home improvement financing options.

Pros

  • Fast funding.

  • Potentially zero-interest financing.

  • Offers joint loan option.

Cons

  • Must work with a contractor that uses GreenSky.

  • May have to pay interest retroactively.

Qualifications

  • Recent W-2 and two recent paystubs.

  • Proof of homeownership, which may include a mortgage statement, Form 1098, property tax bill and closing statement.

  • Bank statements.

Available Term Lengths

5 to 12 years

Fees

  • Account activation fee: $39.

Read Full Review
Klarna
See my rates

on NerdWallet's secure website

Klarna

4.0

NerdWallet rating 
Klarna

Est. APR

N/A

Loan amount

N/A

Min. credit score

None
See my rates

on NerdWallet's secure website


Min. credit score

None

Key facts

Klarna's no-interest pay-in-four plan may be a good fit for BNPL users, as long as you can make the payments on time.

Pros

  • Offers zero-interest loans.

  • Includes access to rewards program.

  • Pauses account after missed payment.

  • Offers monthly financing.

Cons

  • Charges late fee.

  • No option to build credit.

  • May send past-due borrowers to collections.

Qualifications

  • Must be at least 18 years old.

  • Must be a U.S. resident.

  • Must provide a valid payment method.

  • Must be able to receive verification codes to your phone via text.

Available Term Lengths

1 to 2 months

Fees

  • $7 late fee.

Read Full Review
LendUp Installment Loan
See my rates

on NerdWallet's secure website

LendUp Installment Loan

2.0

NerdWallet rating 
LendUp Installment Loan

Est. APR

30.00-180.00%

Loan amount

$100-$400

Min. credit score

None
See my rates

on NerdWallet's secure website


Min. credit score

None

Key facts

LendUp has multiple loan options for bad-credit borrowers, but rates can be as high as payday loans.

Pros

  • No credit check required.

  • Fast funding.

  • Payment flexibility options.

Cons

  • High rates.

  • Offers a product similar to a payday loan.

  • Installment loan rates are high compared to other installment loans.

  • Available in a limited number of states.

Qualifications

  • Have a checking account that accepts ACH transfers.

  • Live in one of the states where LendUp accepts borrowers: CA, LA, MS, MO, TN, TX, WI.

Available Term Lengths

3 months to 1 year

Fees

  • Origination fee: None.

Read Full Review
Mariner
See my rates

on NerdWallet's secure website

Mariner Finance

3.0

NerdWallet rating 
Mariner

Est. APR

15.49-35.99%

Loan amount

$1,000-$25,000

Min. credit score

580
See my rates

on NerdWallet's secure website


Min. credit score

580

Key facts

Bad-credit borrowers and those with a history of bankruptcy may qualify for a personal loan from Mariner, but these loans lack consumer-friendly features that are common with most bad-credit online lenders.

Pros

  • Option to pre-qualify with a soft credit check.

  • Secured, joint and co-signed loans.

  • Mobile app to manage loan.

Cons

  • Rates are high compared to other bad-credit lenders.

  • Available in a limited number of states.

  • Reports payments to only two of the three major credit bureaus.

  • May charge origination and one-time payment fees.

Qualifications

  • Must be a U.S. citizen and at least 18 years old in most states.

  • Must have a Social Security number.

  • Minimum credit score: 580 for online applicants. No minimum score requirement for in-person applicants.

  • Minimum credit history: None. Applicants must have a credit file.

  • Minimum income: None. Mariner Finance accepts income from employment, alimony, retirement, child support and Social Security payments.

  • Maximum debt-to-income ratio: 60%.

Available Term Lengths

1 to 5 years

Fees

  • Origination fee: Varies by state.

  • Late fee: Varies by state.

  • Online payment fee: Varies by state.

  • Phone payment fee: Varies by state.

Read Full Review
Navy Federal Credit Union Personal Loan
See my rates

on NerdWallet's secure website

Navy Federal Credit Union Personal Loan

5.0

NerdWallet rating 
Navy Federal Credit Union Personal Loan

Est. APR

7.49-18.00%

Loan amount

$250-$50,000

Min. credit score

None
See my rates

on NerdWallet's secure website


Min. credit score

None

Key facts

Navy Federal personal loans may be a good fit for most members, thanks to flexible amounts, consumer-friendly features and quick funding time.

Pros

  • Wide range of loan amounts.

  • Fast funding.

  • Rate discount for some customers.

  • Co-sign, joint and secured loan options.

  • Direct payment to creditors with debt consolidation loans.

Cons

  • Exclusive to credit union members.

  • No option to pre-qualify with a soft credit check.

  • No option to choose or change your payment date.

Qualifications

  • Must be a Navy Federal Credit Union member to apply.

  • No minimum credit score requirement.

  • Must provide personal information and contact details.

  • Must provide information on income and employment.

Available Term Lengths

1 to 5 years

Fees

  • Origination fee: None.

  • Late fee: $29.

  • Returned payment fee: $29.

  • Federal Express fee: $5.65

  • Certified Mail fee: $5.83.

Read Full Review
Oportun
See my rates

on NerdWallet's secure website

Oportun

3.5

NerdWallet rating 
Oportun

Est. APR

29.00-35.95%

Loan amount

$300-$10,000

Min. credit score

None
See my rates

on NerdWallet's secure website


Min. credit score

None

Key facts

Oportun loans may be a fit for borrowers with no credit history looking to borrow a small amount of money for an emergency or income gap.

Pros

  • Option to pre-qualify with soft credit check.

  • Co-sign and limited secured loan options.

  • Accepts borrowers new to credit.

  • Small loans starting at $300.

  • Community Development Financial Institution.

Cons

  • May charge an origination fee.

  • High rates.

  • No option to change your payment date.

Qualifications

  • Minimum credit score: None.

  • At least $500 in monthly income.

  • Must have valid identification.

  • Must provide proof of income and address.

  • May require references.

  • Must be 18 years or older.

Available Term Lengths

1 to 5 years

Fees

  • Origination fee: 0% to 8%.

  • Late fee: $5 to $15 or up to 5% of loan payment.

  • Non-sufficient funds fee: Up to $15.

Disclaimer

This is an advertisement for a consumer loan, subject to credit eligibility. Not available in CO, CT, IA, MA, ME, MD, NY, WV and Washington, D.C. Loans in AZ, CA, FL, ID, IL, MO, NJ, NM, TX, UT, and WI are originated by Oportun Inc. California loans made pursuant to a California Financing Law license. NV loans originated by Oportun, LLC. In all other states, loans are originated by MetaBank, N.A., member FDIC. Terms, conditions, and state restrictions apply. See oportun.com for details.

Read Full Review
OppLoans
See my rates

on NerdWallet's secure website

OppLoans

1.5

NerdWallet rating 
OppLoans

Est. APR

160.00-179.00%

Loan amount

$500-$4,000

Min. credit score

None
See my rates

on NerdWallet's secure website


Min. credit score

None

Key facts

An option for borrowers with bad credit; due to high rates, OppLoans should only be considered as a last resort.

Pros

  • Fast funding.

  • Reports payments to the three major credit bureaus.

  • Payment due date is tied to borrowers’ pay schedules.

Cons

  • High interest rates.

  • Interest may make up more than 50% of the loan amount.

  • Does not perform a hard credit check.

  • Does not offer pre-qualification.

Qualifications

  • Minimum credit score: None disclosed.

  • Minimum monthly gross income: $1,500 in most states.

  • Must have a bank account.

  • Must have a regular source of income.

  • Must receive your paychecks through direct deposit.

Available Term Lengths

9 to 18 months

Fees

  • Fees: None.

Disclaimer

Installment loan amounts typically range from $500 to $4,000. Typical annual percentage rate (APR) is 160%. Installment loan lengths range from 9 to 18 months. Example: A $2,000 installment loan repayable in 9 monthly payments would have an APR of 160% and monthly payments of $394.58. Loan amount may vary by state, please see our Rates and Terms for additional information. This is an expensive form of credit and you should determine whether our product(s) meets your financial needs.

Read Full Review
Peerform
See my rates

on NerdWallet's secure website

Peerform

3.0

NerdWallet rating 
Peerform</