You’re our first priority.
Every time.
We believe everyone should be able to make financial decisions with confidence. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free.
So how do we make money? Our partners compensate us. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. Here is a list of our partners.
10 Excellent Personal Loans of 2022
Compare online personal loans for good and bad credit, debt consolidation, home improvement, fast funding and from banks. The greatest personal loan helps you reach a financial goal, whether it’s paying off high-interest debt or funding a large expense. Annual percentage rates generally range from 6% to 35.99%; the loan with the lowest rate is the least expensive — and usually the best choice. But other features, including no fees, soft credit checks and whether lenders directly pay creditors if you’re consolidating debt, set some loans apart.
Compare online personal loans for good and bad credit, debt consolidation, home improvement, fast funding and from banks. The greatest personal loan helps you reach a financial goal, whether it’s paying off high-interest debt or funding a large expense. Annual percentage rates generally range from 6% to 35.99%; the loan with the lowest rate is the least expensive — and usually the best choice. But other features, including no fees, soft credit checks and whether lenders directly pay creditors if you’re consolidating debt, set some loans apart.
Excellent Personal Loans From Our Partners
Lender | NerdWallet Rating NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service. | Est. APR | Loan amount | Min. credit score | Learn More |
---|---|---|---|---|---|
![]() SoFi Get rate on SoFi's website | Excellent for Personal loans for excellent credit | 6.99- Fixed rates from 6.99% APR to 22.28% APR reflect the 0.25% autopay discount and a 0.25% direct deposit discount. SoFi rate ranges are current as of 5/12/22 and are subject to change without notice. Not all rates and amounts available in all states. See Personal Loan eligibility details. 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 above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors. See APR examples and terms. 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. | $5,000- | 680 | Get rate on SoFi's website |
Upstart Get rate on Upstart's website | Excellent for Personal loans for bad credit + Personal loans for fast funding | 5.40- Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Minimum loan amounts vary by state: GA ($3,100), HI ($2,100), MA ($7,000), NM ($5,100), OH ($6,000).This offer is conditioned on final approval based on our consideration and verification of financial and non-financial information. Rate and loan amount are subject to change based upon information received in your full application. This offer may be accepted only by the person identified in this offer, who is old enough to legally enter into contract for the extension of credit, a US citizen or permanent resident, and a current resident of the US. Duplicate offers are void. Closing your loan is contingent on your meeting our eligibility requirements, our verification of your information, and your agreement to the terms and conditions on the www.upstart.com website.The full range of available rates varies by state. The average 5-year loan offered across all lenders using the Upstart platform will have an APR of 21.4% and 60 monthly payments of $24.62 per $1,000 borrowed. For example, the total cost of a $10,000 loan would be $14,775 including a $582 origination fee. APR is calculated based on 5-year rates offered in the last 1 month. There is no down payment 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. If you accept your loan by 5pm EST (not including weekends or holidays), you will receive your funds the next business day. Loans used to fund education related expenses are subject to a 3 business day wait period between loan acceptance and funding in accordance with federal law. | $1,000- | None | Get rate on Upstart's website |
Upgrade Get rate on Upgrade's website | Excellent for Personal loans for fair credit + Co-signed and joint loans | 5.44- Personal loans made through Upgrade feature APRs of 5.44%-35.47%. All personal loans have a 2.9% to 8% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. For example, if you receive a $10,000 loan with a 36-month term and a 17.98% APR (which includes a 14.32% 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 $343.33. Over the life of the loan, your payments would total $12,359.97. 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 lending partners. Information on Upgrade's lending partners can be found at https://www.upgrade.com/lending-partners/. Accept your loan offer and your funds will be sent to your bank or designated account within one (1) business day of clearing necessary verifications. Availability of the funds is dependent on how quickly your bank processes the transaction. From the time of approval, funds should be available within four (4) business days. Funds sent directly to pay off your creditors may take up to 2 weeks to clear, depending on the creditor. | $1,000- | 560 | Get rate on Upgrade's website |
Best Egg Get rate on Best Egg's website | Excellent for Personal loans for fair or good credit | 5.99- *Trustpilot TrustScore as of June 2020. Best Egg personal loans, including the Best Egg Secured Loan, are made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender or Blue Ridge Bank, a Nationally Chartered Bank, Member FDIC, Equal Housing Lender. “Best Egg” is a trademark of Marlette Holdings, Inc., a Delaware corporation. All uses of “Best Egg” refer to “the Best Egg personal loan”, “the Best Egg Secured Loan”, and/or “Best Egg on behalf of Cross River Bank or Blue Ridge Bank, as originator of the Best Egg personal loan,” as applicable. 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 ; New Mexico and Ohio, $5,000; and Georgia, $3,000. For a second Best Egg loan, your total existing Best Egg loan balances cannot exceed $50,000. Annual Percentage Rates (APRs) range from 5.99%–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%–5.99% 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. 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. | $2,000- | 600 | Get rate on Best Egg's website |
Prosper Get rate on Prosper's website | Excellent for Personal loans for fair or good credit | 7.95- For example, a three-year $10,000 personal loan would have an interest rate of 11.74% and a 5.00% origination fee for an annual percentage rate (APR) of 15.34% APR. You would receive $9,500 and make 36 scheduled monthly payments of $330.90. A five-year $10,000 personal loan would have an interest rate of 11.99% and a 5.00% origination fee with a 14.27% APR. You would receive $9,500 and make 60 scheduled monthly payments of $222.39. Origination fees vary between 2.41%-5%. Personal loan APRs through Prosper range from 7.95% to 35.99%, with the lowest rates for the most creditworthy borrowers. Eligibility for personal loans up to $40,000 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, Member FDIC. | $2,000- | 600 | Get rate on Prosper's website |
LightStream Get rate on LightStream's website | Excellent for Personal loans for good credit + Personal loans for home improvement + Personal loans for fast funding | 4.99- 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 $25,000 loan at 4.98% APR with a term of 20 years would result in 240 monthly payments of $164.71. Some additional conditions and limitations apply. Advertised rates and terms are subject to change without notice. Truist Bank is an Equal Housing Lender. © 2022 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. | $5,000- Loan example: A four-year, $20,000 loan with a 13.9% APR would cost $546 in monthly payments. You’d pay $6,208 in total interest on that loan. | 660 | Get rate on LightStream's website |
Avant Get rate on Avant's website | Excellent for Personal loans for fair or good credit | 9.95- A $5,700 loan with an administration fee of 4.75% and an amount financed of $5,429.25, repayable in 36 monthly installments, would have an APR of 29.95% and monthly payments of $230.33. Minimum loan amounts may vary by state. If approved, the actual rate and loan amount that a customer qualifies for may vary based on credit determination and other factors. An administration fee of up to 4.75% will be deducted from the loan proceeds. Avant branded credit products are issued by Webbank, member FDIC | $2,000- | 550 | Get rate on Avant's website |
![]() LendingPoint Get rate on LendingPoint's website | Excellent for Personal loans for fast application and approval | 7.99- 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; 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 from 0% to 6% 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 60 months. Georgia loans have a minimum $3,500 loan amount. For a well-qualified customer, a $10,000 loan for a period of 48 months with an APR of 23.72% and origination fee of 6% will have a payment of $324.48 per month. (Actual terms and rate depend on credit history, income, and other factors.) Customers may have the option to deduct the origination fee from the disbursed loan amount if desired. The total amount due is the total amount of the loan you will have paid after you have made all payments as scheduled. | $2,000- | 600 | Get rate on LendingPoint's website |
LendingClub Get rate on LendingClub's website | Excellent for fair-credit borrowers looking to consolidate debt or finance large purchase | 6.34- A representative example of loan payment terms is as follows: you receive a loan of $13,411 for a term of 36 months, with an interest rate of 12.16% and a 5.30% origination fee of $711, for an APR of 15.99%. In this example, you will receive $12,700 and will make 36 monthly payments of $446.46. Loan amounts range from $1,000 to $40,000 and loan term lengths are 36 months or 60 months. Some amounts and term lengths may be unavailable in certain states. APR ranges from 7.04% to 35.89% and is determined at the time of application. Origination fee ranges from 3% to 6% of the loan amount. Lowest APR is available to borrowers with excellent credit. Advertised rates and fees are valid as of 7/1/21 and are subject to change without notice. Loans are made by LendingClub Bank, N.A., Member FDIC (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Loans are subject to credit approval and sufficient investor commitment before they can be funded or issued. Certain information that we subsequently obtain as part of the application process (including but not limited to information in your consumer report, your income, the loan amount that your request, the purpose of your loan, and qualifying debt) will be considered and could affect your ability to obtain a loan from us. Loan closing is contingent on accepting all required agreements and disclosures at Lendingclub.com. “LendingClub” is a trademark of LendingClub Bank. | $1,000- | 600 | Get rate on LendingClub's website |
Happy Money Get rate on Happy Money's website | Excellent for Personal loans for good credit + Personal loans for credit card debt consolidation | 5.99- This does not constitute an actual commitment to lend or an offer to extend credit. Upon submitting a loan application, you may be asked to provide additional documents to enable us to verify your income, assets, and financial condition. Your interest rate and terms for which you are approved will be shown to you as part of the online application process. Most applicants will receive a variety of loan offerings to choose from, with varying loan amounts and interest rates. Borrower subject to a loan origination fee, which is deducted from the loan proceeds. Refer to full borrower agreement for all terms, conditions and requirements. | $5,000- | 600 | Get rate on Happy Money's website |
Excellent for
Personal loans for excellent credit

on SoFi's website
SoFi
5.0
NerdWallet rating
Est. APR
6.99-Fixed rates from 6.99% APR to 22.28% APR reflect the 0.25% autopay discount and a 0.25% direct deposit discount. SoFi rate ranges are current as of 5/12/22 and are subject to change without notice. Not all rates and amounts available in all states. See Personal Loan eligibility details. 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 above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors. See APR examples and terms. 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.
Loan amount
$5,000-Min. credit score
680on SoFi's website
4,418 people visited as of Apr 14th, 2022
Min. credit score
680
Key facts
SoFi offers online personal loans with consumer-friendly features for good- and excellent-credit borrowers.
Pros
No fees.
Offers co-sign loan options.
Offers 0.25 percentage point rate discount for setting up autopay.
Offers unemployment protection.
Provides mobile app to manage your loan.
Cons
No secured or joint loan option.
High minimum loan amount.
Qualifications
Must legally be an adult in your state.
Must be a U.S. citizen, permanent resident or visa holder.
Must be employed, have sufficient income or have an offer of employment to start within the next 90 days.
Total Cost of Loan
A 24-month, 5.0k loan at 6.99% will cost a total of $10453.50 excluding lender fees
Available Term Lengths
2 to 7 years
Fees
Origination fee: None.
Late fee: None.
Disclaimer
Fixed rates from 6.99% APR to 22.28% APR reflect the 0.25% autopay discount and a 0.25% direct deposit discount. SoFi rate ranges are current as of 5/12/22 and are subject to change without notice. Not all rates and amounts available in all states. See Personal Loan eligibility details. 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 above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors. See APR examples and terms. 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.
Excellent for
Personal loans for bad credit + Personal loans for fast funding
on Upstart's website
Upstart
4.5
NerdWallet ratingEst. APR
5.40-Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Minimum loan amounts vary by state: GA ($3,100), HI ($2,100), MA ($7,000), NM ($5,100), OH ($6,000).This offer is conditioned on final approval based on our consideration and verification of financial and non-financial information. Rate and loan amount are subject to change based upon information received in your full application. This offer may be accepted only by the person identified in this offer, who is old enough to legally enter into contract for the extension of credit, a US citizen or permanent resident, and a current resident of the US. Duplicate offers are void. Closing your loan is contingent on your meeting our eligibility requirements, our verification of your information, and your agreement to the terms and conditions on the www.upstart.com website.The full range of available rates varies by state. The average 5-year loan offered across all lenders using the Upstart platform will have an APR of 21.4% and 60 monthly payments of $24.62 per $1,000 borrowed. For example, the total cost of a $10,000 loan would be $14,775 including a $582 origination fee. APR is calculated based on 5-year rates offered in the last 1 month. There is no down payment 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. If you accept your loan by 5pm EST (not including weekends or holidays), you will receive your funds the next business day. Loans used to fund education related expenses are subject to a 3 business day wait period between loan acceptance and funding in accordance with federal law.
Loan amount
$1,000-Min. credit score
Noneon Upstart's website
11,560 people visited as of Apr 14th, 2022
Min. credit score
None
Key facts
Upstart is a good option for those who have short credit histories and promising financial futures.
Pros
Accepts borrowers new to credit.
Able to fund loans within one business day.
Offers direct payment to creditors with some debt consolidation loans.
Allows borrowers to choose and change payment date.
Cons
Borrowers can choose from only two repayment term options.
Charges origination fee.
No mobile app to manage the loan.
Qualifications
Minimum credit score: None.
Minimum credit history: None, this lending platform accepts borrowers with credit history too limited to produce a FICO score.
Minimum gross income: $12,000.
Employment: Full-time job, full-time job offer starting in 6 months, a regular part-time job, or another source of regular income.
Must have U.S. residential street address where borrower resides (unless military personnel on active duty).
Must be at least 18 years old.
Valid email account required.
Personal bank account with U.S. routing number required.
Total Cost of Loan
A 36-month, 1.0k loan at 5.4% will cost a total of $2288.59 excluding lender fees
Available Term Lengths
3 to 5 years
Fees
Origination fee: 0% - 8%.
Late fee: 5% of past due amount or $15, whichever is greater.
Disclaimer
Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Minimum loan amounts vary by state: GA ($3,100), HI ($2,100), MA ($7,000), NM ($5,100), OH ($6,000).This offer is conditioned on final approval based on our consideration and verification of financial and non-financial information. Rate and loan amount are subject to change based upon information received in your full application. This offer may be accepted only by the person identified in this offer, who is old enough to legally enter into contract for the extension of credit, a US citizen or permanent resident, and a current resident of the US. Duplicate offers are void. Closing your loan is contingent on your meeting our eligibility requirements, our verification of your information, and your agreement to the terms and conditions on the www.upstart.com website.The full range of available rates varies by state. The average 5-year loan offered across all lenders using the Upstart platform will have an APR of 21.4% and 60 monthly payments of $24.62 per $1,000 borrowed. For example, the total cost of a $10,000 loan would be $14,775 including a $582 origination fee. APR is calculated based on 5-year rates offered in the last 1 month. There is no down payment 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. If you accept your loan by 5pm EST (not including weekends or holidays), you will receive your funds the next business day. Loans used to fund education related expenses are subject to a 3 business day wait period between loan acceptance and funding in accordance with federal law.
Excellent for
Personal loans for fair credit + Co-signed and joint loans
on Upgrade's website
Upgrade
5.0
NerdWallet ratingEst. APR
5.44-Personal loans made through Upgrade feature APRs of 5.44%-35.47%. All personal loans have a 2.9% to 8% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. For example, if you receive a $10,000 loan with a 36-month term and a 17.98% APR (which includes a 14.32% 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 $343.33. Over the life of the loan, your payments would total $12,359.97. 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 lending partners. Information on Upgrade's lending partners can be found at https://www.upgrade.com/lending-partners/. Accept your loan offer and your funds will be sent to your bank or designated account within one (1) business day of clearing necessary verifications. Availability of the funds is dependent on how quickly your bank processes the transaction. From the time of approval, funds should be available within four (4) business days. Funds sent directly to pay off your creditors may take up to 2 weeks to clear, depending on the creditor.
Loan amount
$1,000-Min. credit score
560on Upgrade's website
6,475 people visited as of Apr 14th, 2022
Min. credit score
560
Key facts
Upgrade offers personal loans plus credit-building tools; you'll need strong cash flow to qualify.
Pros
Allows secured and joint loans.
Offers a wide range of repayment terms.
Offers 0.5 percentage point rate discount for setting up autopay.
Offers significant rate discount for checking account customers.
Offers rate discount with direct payment to creditors on debt consolidation loans.
Cons
Charges origination fee.
No co-signed loan option.
Qualifications
Minimum credit score: 560; borrower average is 678.
Minimum annual income: None; borrower average is $78,000.
Minimum number of accounts on credit history: Two accounts.
Maximum debt-to-income ratio: Less than or equal to 75%, including mortgage and calculating in your new personal loan.
Total Cost of Loan
A 24-month, 1.0k loan at 5.44% will cost a total of $1814.49 excluding lender fees
Available Term Lengths
2 to 7 years
Fees
Origination fee: 2.9% to 8%.
Disclaimer
Personal loans made through Upgrade feature APRs of 5.44%-35.47%. All personal loans have a 2.9% to 8% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. For example, if you receive a $10,000 loan with a 36-month term and a 17.98% APR (which includes a 14.32% 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 $343.33. Over the life of the loan, your payments would total $12,359.97. 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 lending partners. Information on Upgrade's lending partners can be found at https://www.upgrade.com/lending-partners/. Accept your loan offer and your funds will be sent to your bank or designated account within one (1) business day of clearing necessary verifications. Availability of the funds is dependent on how quickly your bank processes the transaction. From the time of approval, funds should be available within four (4) business days. Funds sent directly to pay off your creditors may take up to 2 weeks to clear, depending on the creditor.
Excellent for
Personal loans for fair or good credit
on Best Egg's website
Best Egg
4.5
NerdWallet ratingEst. APR
5.99-*Trustpilot TrustScore as of June 2020. Best Egg personal loans, including the Best Egg Secured Loan, are made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender or Blue Ridge Bank, a Nationally Chartered Bank, Member FDIC, Equal Housing Lender. “Best Egg” is a trademark of Marlette Holdings, Inc., a Delaware corporation. All uses of “Best Egg” refer to “the Best Egg personal loan”, “the Best Egg Secured Loan”, and/or “Best Egg on behalf of Cross River Bank or Blue Ridge Bank, as originator of the Best Egg personal loan,” as applicable. 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 ; New Mexico and Ohio, $5,000; and Georgia, $3,000. For a second Best Egg loan, your total existing Best Egg loan balances cannot exceed $50,000. Annual Percentage Rates (APRs) range from 5.99%–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%–5.99% 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. 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.
Loan amount
$2,000-Min. credit score
600on Best Egg's website
1,569 people visited as of Apr 14th, 2022
Min. credit score
600
Key facts
Best Egg offers personal loans for borrowers who want to consolidate debt and need cash fast.
Pros
Offers wide range of loan amounts.
Provides secured loan option for homeowners.
Offers direct payment to creditors with debt consolidation loans.
Cons
Charges origination fee.
No rate discount for autopay.
Qualifications
Minimum credit score: 600; borrower average is 700.
Minimum credit history: 3 years and 3 accounts.
Minimum income requirement is $3,500; borrower average is $80,000. Borrower must have enough cash flow to cover current financial obligations.
Minimum debt-to-income ratio: 40% or 65% including a mortgage; borrower average is 40%.
Employment: Must provide proof of income; part-time employees are eligible.
Must provide valid U.S. address and Social Security number.
Total Cost of Loan
A 24-month, 2.0k loan at 5.99% will cost a total of $3821.06 excluding lender fees
Available Term Lengths
2 to 5 years
Fees
Origination fee: 0.99% - 5.99%.
Return fee: $15 if payments are not processed.
Disclaimer
*Trustpilot TrustScore as of June 2020. Best Egg personal loans, including the Best Egg Secured Loan, are made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender or Blue Ridge Bank, a Nationally Chartered Bank, Member FDIC, Equal Housing Lender. “Best Egg” is a trademark of Marlette Holdings, Inc., a Delaware corporation. All uses of “Best Egg” refer to “the Best Egg personal loan”, “the Best Egg Secured Loan”, and/or “Best Egg on behalf of Cross River Bank or Blue Ridge Bank, as originator of the Best Egg personal loan,” as applicable. 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 ; New Mexico and Ohio, $5,000; and Georgia, $3,000. For a second Best Egg loan, your total existing Best Egg loan balances cannot exceed $50,000. Annual Percentage Rates (APRs) range from 5.99%–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%–5.99% 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. 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.
on Prosper's website
Prosper
3.5
NerdWallet ratingEst. APR
7.95-For example, a three-year $10,000 personal loan would have an interest rate of 11.74% and a 5.00% origination fee for an annual percentage rate (APR) of 15.34% APR. You would receive $9,500 and make 36 scheduled monthly payments of $330.90. A five-year $10,000 personal loan would have an interest rate of 11.99% and a 5.00% origination fee with a 14.27% APR. You would receive $9,500 and make 60 scheduled monthly payments of $222.39. Origination fees vary between 2.41%-5%. Personal loan APRs through Prosper range from 7.95% to 35.99%, with the lowest rates for the most creditworthy borrowers. Eligibility for personal loans up to $40,000 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, Member FDIC.
Loan amount
$2,000-Min. credit score
600on Prosper's website
Min. credit score
600
Key facts
Peer-to-peer lender Prosper has rates and fees that compare to other lenders for good-credit borrowers.
Pros
Option to change your payment date.
Offers joint loan.
Offers wide range of loan amounts.
Cons
No rate discount for autopay.
Funding time can be longer than many lenders.
Charges origination and late fees.
Borrowers can choose from only two repayment term options.
Qualifications
Minimum credit score: 600; borrower average is 722.
Minimum credit history: 2 years.
Minimum income: No minimum income requirement; borrower average is $106,000.
Maximum debt-to-income ratio: 50% (excluding mortgage); borrower average is 17.67%, including monthly housing payment.
No bankruptcies filed within the past year.
At least three open accounts on credit report.
Must be at least 18 years old.
Must provide Social Security number and a U.S. bank account.
Total Cost of Loan
A 36-month, 2.0k loan at 7.95% will cost a total of $6113.28 excluding lender fees
Available Term Lengths
3 to 5 years
Fees
Origination fee: 2.41 to 5%.
Late fee: $15 or 5% of unpaid amount (whichever is greater).
Insufficient funds fee: $15.
Disclaimer
For example, a three-year $10,000 personal loan would have an interest rate of 11.74% and a 5.00% origination fee for an annual percentage rate (APR) of 15.34% APR. You would receive $9,500 and make 36 scheduled monthly payments of $330.90. A five-year $10,000 personal loan would have an interest rate of 11.99% and a 5.00% origination fee with a 14.27% APR. You would receive $9,500 and make 60 scheduled monthly payments of $222.39. Origination fees vary between 2.41%-5%. Personal loan APRs through Prosper range from 7.95% to 35.99%, with the lowest rates for the most creditworthy borrowers. Eligibility for personal loans up to $40,000 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, Member FDIC.
Excellent for
Personal loans for good credit + Personal loans for home improvement + Personal loans for fast funding
on LightStream's website
LightStream
5.0
NerdWallet ratingEst. APR
4.99-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 $25,000 loan at 4.98% APR with a term of 20 years would result in 240 monthly payments of $164.71. Some additional conditions and limitations apply. Advertised rates and terms are subject to change without notice. Truist Bank is an Equal Housing Lender. © 2022 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.
Loan amount
$5,000-Loan example: A four-year, $20,000 loan with a 13.9% APR would cost $546 in monthly payments. You’d pay $6,208 in total interest on that loan.
Min. credit score
660on LightStream's website
4,811 people visited as of Apr 14th, 2022
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.
Competitive rates among online lenders.
Offers 0.5 percentage point rate discount for setting up autopay.
Special features including rate beat program and satisfaction guarantee.
Cons
No option to pre-qualify on its website.
Requires several years of credit history.
Does not offer direct payment to creditors with debt consolidation loans.
Qualifications
Minimum credit score: 660.
Several years of credit history.
Multiple account types within your credit history, like credit cards, a car loan or other installment loan and a mortgage.
Strong payment history with few or no delinquencies.
Investments, retirement savings or other evidence of an ability to save money.
Enough income to pay existing debts and a new LightStream loan.
Total Cost of Loan
A 24-month, 5.0k loan at 4.99% will cost a total of $8688.05 excluding lender fees
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 $25,000 loan at 4.98% APR with a term of 20 years would result in 240 monthly payments of $164.71. Some additional conditions and limitations apply. Advertised rates and terms are subject to change without notice. Truist Bank is an Equal Housing Lender. © 2022 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.
Excellent for
Personal loans for fair or good credit
on Avant's website
Avant
3.5
NerdWallet ratingEst. APR
9.95-A $5,700 loan with an administration fee of 4.75% and an amount financed of $5,429.25, repayable in 36 monthly installments, would have an APR of 29.95% and monthly payments of $230.33. Minimum loan amounts may vary by state. If approved, the actual rate and loan amount that a customer qualifies for may vary based on credit determination and other factors. An administration fee of up to 4.75% will be deducted from the loan proceeds. Avant branded credit products are issued by Webbank, member FDIC
Loan amount
$2,000-Min. credit score
550on Avant's website
Min. credit score
550
Key facts
Avant's low starting rates make it a good option for borrowers with low credit scores and income.
Pros
Able to fund loans the next business day.
Option to change your payment date.
Soft credit check with pre-qualification.
Cons
Charges an origination fee.
Does not offer direct payment to creditors with debt consolidation loans.
No joint, co-signed or secured loan option.
Qualifications
Minimum credit score of 550.
Total Cost of Loan
A 24-month, 2.0k loan at 9.95% will cost a total of $5322.28 excluding lender fees
Available Term Lengths
2 to 5 years
Fees
Administrative fee: Up to 4.75%.
Late fee: $25 (most states).
Unsuccessful payment fee: $15 (most states).
Disclaimer
A $5,700 loan with an administration fee of 4.75% and an amount financed of $5,429.25, repayable in 36 monthly installments, would have an APR of 29.95% and monthly payments of $230.33. Minimum loan amounts may vary by state. If approved, the actual rate and loan amount that a customer qualifies for may vary based on credit determination and other factors. An administration fee of up to 4.75% will be deducted from the loan proceeds. Avant branded credit products are issued by Webbank, member FDIC
Excellent for
Personal loans for fast application and approval

on LendingPoint's website
LendingPoint
4.0
NerdWallet rating
Est. APR
7.99-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; 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 from 0% to 6% 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 60 months. Georgia loans have a minimum $3,500 loan amount. For a well-qualified customer, a $10,000 loan for a period of 48 months with an APR of 23.72% and origination fee of 6% will have a payment of $324.48 per month. (Actual terms and rate depend on credit history, income, and other factors.) Customers may have the option to deduct the origination fee from the disbursed loan amount if desired. The total amount due is the total amount of the loan you will have paid after you have made all payments as scheduled.
Loan amount
$2,000-Min. credit score
600on LendingPoint's website
1,749 people visited as of Apr 14th, 2022
Min. credit score
600
Key facts
LendingPoint accepts low credit scores and has flexible payments. Rates are high but comparable to competitors.
Pros
Soft credit check with pre-qualification.
Option to choose and change your payment date.
Can fund a loan the business day after approval.
Cons
No co-signed, joint or secured loan option.
Rates are high compared to other bad-credit lenders.
Reports payments to two of the three major credit bureaus.
Does not offer direct payment to creditors with debt consolidation loans.
Qualifications
Minimum credit score of 600; average is 673.
Minimum income of $40,000; average customer earns $80,000.
Debt-to-income ratio of less than 50%, not including mortgage; average customer's ratio is 13%.
Total Cost of Loan
A 24-month, 2.0k loan at 7.99% will cost a total of $4555.14 excluding lender fees
Available Term Lengths
2 to 4 years
Fees
Origination fee: 0% - 6%.
Late fee: $30 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; 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 from 0% to 6% 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 60 months. Georgia loans have a minimum $3,500 loan amount. For a well-qualified customer, a $10,000 loan for a period of 48 months with an APR of 23.72% and origination fee of 6% will have a payment of $324.48 per month. (Actual terms and rate depend on credit history, income, and other factors.) Customers may have the option to deduct the origination fee from the disbursed loan amount if desired. The total amount due is the total amount of the loan you will have paid after you have made all payments as scheduled.
Excellent for
fair-credit borrowers looking to consolidate debt or finance large purchase
on LendingClub's website
LendingClub
5.0
NerdWallet ratingEst. APR
6.34-A representative example of loan payment terms is as follows: you receive a loan of $13,411 for a term of 36 months, with an interest rate of 12.16% and a 5.30% origination fee of $711, for an APR of 15.99%. In this example, you will receive $12,700 and will make 36 monthly payments of $446.46. Loan amounts range from $1,000 to $40,000 and loan term lengths are 36 months or 60 months. Some amounts and term lengths may be unavailable in certain states. APR ranges from 7.04% to 35.89% and is determined at the time of application. Origination fee ranges from 3% to 6% of the loan amount. Lowest APR is available to borrowers with excellent credit. Advertised rates and fees are valid as of 7/1/21 and are subject to change without notice. Loans are made by LendingClub Bank, N.A., Member FDIC (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Loans are subject to credit approval and sufficient investor commitment before they can be funded or issued. Certain information that we subsequently obtain as part of the application process (including but not limited to information in your consumer report, your income, the loan amount that your request, the purpose of your loan, and qualifying debt) will be considered and could affect your ability to obtain a loan from us. Loan closing is contingent on accepting all required agreements and disclosures at Lendingclub.com. “LendingClub” is a trademark of LendingClub Bank.
Loan amount
$1,000-Min. credit score
600on LendingClub's website
673 people visited as of Apr 14th, 2022
Min. credit score
600
Key facts
LendingClub is a pioneer of peer-to-peer lending and a good option if you want to consolidate your debt.
Pros
Offers joint loan options.
Offers direct payment to creditors with debt consolidation loans.
Soft credit check with pre-qualification.
Option to change the payment date.
Cons
Borrowers can choose from two repayment term options only.
Charges an origination fee.
Qualifications
Minimum credit score: 600.
Maximum DTI: 60%; 40% for joint applicants.
Minimum credit history: More than 18 months.
Minimum number of accounts on credit report: Two revolving accounts.
Monthly income after paying other debts and living expenses should be enough to cover the new personal loan payments.
Total Cost of Loan
A 36-month, 1.0k loan at 6.34% will cost a total of $2562.70 excluding lender fees
Available Term Lengths
3 to 5 years
Fees
Origination fee: 2% to 6%.
Late fee: Greater of $15 or 5% of payment after 15-day grace period.
Disclaimer
A representative example of loan payment terms is as follows: you receive a loan of $13,411 for a term of 36 months, with an interest rate of 12.16% and a 5.30% origination fee of $711, for an APR of 15.99%. In this example, you will receive $12,700 and will make 36 monthly payments of $446.46. Loan amounts range from $1,000 to $40,000 and loan term lengths are 36 months or 60 months. Some amounts and term lengths may be unavailable in certain states. APR ranges from 7.04% to 35.89% and is determined at the time of application. Origination fee ranges from 3% to 6% of the loan amount. Lowest APR is available to borrowers with excellent credit. Advertised rates and fees are valid as of 7/1/21 and are subject to change without notice. Loans are made by LendingClub Bank, N.A., Member FDIC (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Loans are subject to credit approval and sufficient investor commitment before they can be funded or issued. Certain information that we subsequently obtain as part of the application process (including but not limited to information in your consumer report, your income, the loan amount that your request, the purpose of your loan, and qualifying debt) will be considered and could affect your ability to obtain a loan from us. Loan closing is contingent on accepting all required agreements and disclosures at Lendingclub.com. “LendingClub” is a trademark of LendingClub Bank.
Excellent for
Personal loans for good credit + Personal loans for credit card debt consolidation
on Happy Money's website
Happy Money
4.5
NerdWallet ratingEst. APR
5.99-This does not constitute an actual commitment to lend or an offer to extend credit. Upon submitting a loan application, you may be asked to provide additional documents to enable us to verify your income, assets, and financial condition. Your interest rate and terms for which you are approved will be shown to you as part of the online application process. Most applicants will receive a variety of loan offerings to choose from, with varying loan amounts and interest rates. Borrower subject to a loan origination fee, which is deducted from the loan proceeds. Refer to full borrower agreement for all terms, conditions and requirements.
Loan amount
$5,000-Min. credit score
600on Happy Money's website
Min. credit score
600
Key facts
Happy Money offers loans and ongoing support to help fair- and good-credit borrowers consolidate credit card debt.
Pros
Competitive rates among online lenders.
Offers direct payment to creditors.
Reports payments to all three major credit bureaus.
No prepayment or late fees.
Cons
Charges origination fee.
No rate discount for autopay.
Requires several years of credit history.
Qualifications
Minimum credit score: 600.
Minimum credit history: Three years.
At least two open accounts on credit report.
Maximum debt-to-income ratio: 50% (excluding mortgage).
Free cash flow: At least $1,000.
Zero credit delinquencies.
Must be able to provide income verification.
No bankruptcies filed within the past two years.
Must provide Social Security number.
Total Cost of Loan
A 24-month, 5.0k loan at 5.99% will cost a total of $9552.65 excluding lender fees
Available Term Lengths
2 to 5 years
Fees
Origination fee: 0%-5%.
Disclaimer
This does not constitute an actual commitment to lend or an offer to extend credit. Upon submitting a loan application, you may be asked to provide additional documents to enable us to verify your income, assets, and financial condition. Your interest rate and terms for which you are approved will be shown to you as part of the online application process. Most applicants will receive a variety of loan offerings to choose from, with varying loan amounts and interest rates. Borrower subject to a loan origination fee, which is deducted from the loan proceeds. Refer to full borrower agreement for all terms, conditions and requirements.
To recap our selections...
NerdWallet's Excellent Personal Loans of 2022
- SoFi: Excellent for Personal loans for excellent credit
- Upstart: Excellent for Personal loans for bad credit + Personal loans for fast funding
- Upgrade: Excellent for Personal loans for fair credit + Co-signed and joint loans
- Best Egg: Excellent for Personal loans for fair or good credit
- Prosper: Excellent for Personal loans for fair or good credit
- LightStream: Excellent for Personal loans for good credit + Personal loans for home improvement + Personal loans for fast funding
- Avant: Excellent for Personal loans for fair or good credit
- LendingPoint: Excellent for Personal loans for fast application and approval
- LendingClub: Excellent for fair-credit borrowers looking to consolidate debt or finance large purchase
- Happy Money: Excellent for Personal loans for good credit + Personal loans for credit card debt consolidation