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Personal Loans for Good Credit: Best for March 2019

Feb. 28, 2019
Loans, Personal Loans
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Borrowers with good credit — generally considered a credit score of 690 to 719 — typically find favorable interest rates on most unsecured personal loans, which can be used to consolidate credit card debt, make home improvements or cover another large expense. Those with excellent credit scores, 720 and above, can get the best rates and features like flexible terms, whether they’re from a bank or online lender.

Our selection of online lenders for good and excellent credit is listed below.

Personal loans for good credit: Laurel Road, LendingClub and Prosper

Laurel Road, LendingClub and Prosper are solid choices for good credit borrowers. Laurel Road stands out for no origination fee.

5.0 NerdWallet rating

• APR: 8.01% - 16.30% (with autopay).

• Loan amount: $1,000 - $45,000.

• Loan terms: 3 to 5 years.

• Minimum credit score: 700.

• Time to funding: 5 business days.

• Fees: No origination fee; late fee is the lesser of 5% of payment or $28.

Read our review.

Check Rate Click to pre-qualify on NerdWallet.
4.0 NerdWallet rating

• APR: 6.95% - 35.89%.

• Loan amount: $1,000 - $40,000.

• Loan terms: 3 or 5 years.

• Minimum credit score: 600; borrowers average 699.

• Time to funding: In as few as 3 days.

• Fees: Origination fee of 1% - 6% of loan amount; fees for late payment, unsuccessful payment and personal check use.

Read our review.

Check Rate Click to pre-qualify on NerdWallet.
3.5 NerdWallet rating

•APR: 6.95% - 35.99%

•Loan amount: $2,000 - $40,000

•Loan terms: 3 or 5 years

•Minimum credit score: 640; borrowers average 710

•Time to funding: 1 to 3 days after approval

•Fees: Origination fee of 2.4% - 5% of loan amount; fees for late payment and unsuccessful payment

Read our review

Check Rate Click to pre-qualify on NerdWallet.

Personal loans for excellent credit: LightStream, Marcus and SoFi

LightStream, Marcus and SoFi are online lenders geared toward borrowers who have stellar credit, offering features like low fees, high loan amounts and flexible terms.

5.0 NerdWallet rating

• APR: 3.99% - 16.99% (with autopay).

• Loan amount: $5,000 - $100,000.

• Loan terms: 2 to 7 years.

• Minimum credit score: 660.

• Time to funding: As soon as the same day.

• Fees: None.

Read our review.

Check Rate Click to pre-qualify on NerdWallet.
5.0 NerdWallet rating

• APR: 5.99% - 28.99%.

• Loan amount: $3,500 - $40,000.

• Loan terms: 3 to 6 years.

• Minimum credit score: 660.

• Time to funding: Usually 2 days.

• Fees: None.

Read our review.

Check rate Click to pre-qualify on NerdWallet.
5.0 NerdWallet rating

• APR: 5.74% - 16.99% (with autopay)

• Loan amount: $5,000 - $100,000.

• Loan terms: 2 to 7 years.

• Minimum credit score: 680.

• Time to funding: Typically 7 days.

• Fees: No origination fees, late fees or overdraft fees.

Read our review.

Check rate Click to pre-qualify on NerdWallet.
.

» MORE: Personal loans for excellent credit

Personal loans for debt consolidation: Best Egg, Discover and Payoff

Best Egg, Discover and Payoff offer features and tools to help you pay off debt and stay debt-free.

4.0 NerdWallet rating

•APR: 5.99% - 29.99%

•Loan amount: $2,000 - $35,000

•Loan terms: 3 or 5 years

•Minimum credit score: 640; average is 700

•Time to funding: As fast as one day

•Fees: Origination fee of 0.99% - 5.99% of loan amount, late fee of $15

Read our review

Check Rate Click to pre-qualify on NerdWallet.
4.5 NerdWallet rating

• APR: 6.99% - 24.99%.

• Loan amount: $2,500 to $35,000.

• Loan terms: 3 to 7 years.

• Minimum credit score: 660.

• Time to funding: Next-day, up to a week.

• Fees: No origination fee. Fee for late payment.

Read our review.

Compare rates Click to compare rates on NerdWallet.
4.5 NerdWallet rating

• APR: 5.99% - 24.99%

• Loan amount: $5,000 - $35,000

• Loan terms: 2 to 5 years

• Minimum credit score: 640

• Time to funding: 1 to 7 business days

• Fees: Origination fee of 0% to 5% of loan amount. No late fee.

Read our review

Check Rate Click to pre-qualify on NerdWallet.

Personal loans for ‘thin’ credit: Upstart

It’s possible to have a good credit score but a short, or “thin,” credit history, particularly if you’re a young borrower who hasn’t established yourself financially. Online lender Upstart caters to such borrowers.

4.0 NerdWallet rating

•APR: 8.89% - 35.99%

•Loan amount: $1,000 - $50,000

•Loan terms: 3 or 5 years

•Minimum credit score: 620

•Time to funding: Next business day

•Fees: Origination fee of 0% - 8% of loan amount. Fees for late payment and unsuccessful payment

Read our review

Check Rate Click pre-qualify on NerdWallet.

10 personal loans for good credit

LenderTypical APR rangeMinimum credit scoreGet started
LendingClub
4.0 NerdWallet rating
6.95% - 35.89%600
at LendingClub
Upstart
4.0 NerdWallet rating
8.89% - 35.99%620
at Upstart
Best Egg
4.0 NerdWallet rating
5.99% - 29.99%640
at Best Egg
Payoff
4.5 NerdWallet rating
5.99% - 24.99%640
at Payoff
Prosper
3.5 NerdWallet rating
6.95% - 35.99%640
at Prosper
Discover
4.5 NerdWallet rating
6.99% - 24.99%660
on NerdWallet
LightStream
5.0 NerdWallet rating
3.99% - 16.99% (with autopay)660
at LightStream
Marcus
5.0 NerdWallet rating
5.99% - 28.99%660
at Marcus
SoFi
5.0 NerdWallet rating
5.74% - 16.99% (with autopay)680
at SoFi
Laurel Road
5.0 NerdWallet rating
8.01% - 16.30% (with autopay)700
at Laurel Road
Click “Check Rate” to pre-qualify on NerdWallet and receive personalized rates from multiple lenders.

How to choose a personal loan

Consider these factors when choosing an online lender so you get a loan you can afford:

  1. Compare rates across lenders: If you’re someone with either good or excellent credit, it pays to shop around to get the best combination of low rates and fees. Most online lenders let you check rates without affecting your credit, using a soft credit check.
  2. Loan features: Some lenders have mobile apps where you can track your loan, which is helpful if you like to have a good handle on your finances. Others offer flexible payment schedules or options to skip a payment in case of hardship. If you’re consolidating your debt, some lenders will send your loan proceeds directly to your creditors, saving you an important step in your efforts to pay off debt.
  3. Additional benefits: Take advantage of benefits like free credit score monitoring, financial education resources and career counseling that may be offered by your lender.

» MORE: 4 steps to pre-qualify for a personal loan

How much will it cost?

Use our personal loan calculator to see estimated rates and monthly payments.

Personal loans from banks

Traditional banks are another option if you have excellent credit. Most offer interest rates on par with online lenders, and if you have an existing account with the bank, you could also benefit from an easier application process and discounted rates.

PNC offers its banking customers a 0.25% discount on a personal loan if they choose to make repayments through their checking account.

Barclays is a good choice for consolidating credit card debt, as it offers low rates and the option to directly pay off balances on borrowers’ credit cards.

Wells Fargo allows existing customers to apply for personal loans online and offers comparatively high borrowing amounts that make it an option for funding home improvements.

» MORE: Top banks offering personal loans

Recap: Good credit personal loans

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