Personal Loans for Good Credit: Best of 2025
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The best personal loans for good-credit borrowers have low rates, plus perks like flexible payment options and free credit monitoring. Here are the top lenders offering loans for borrowers with good credit.
Personal Loans for Good Credit: Best From Our Partners
Best for
good credit and joint loans
LendingClub
7.90-35.99%
$1,000-$60,000
600
View details Close details
LendingClub personal loans are a solid option for good-credit borrowers looking to consolidate debt and build their credit.
- Option to pre-qualify with a soft credit check.
- Direct payment to creditors with debt consolidation loans.
- Same- or next-day funding.
- Has a joint loan option.
- Options to choose and change your payment date.
- Charges an origination fee.
- Minimum credit score: 600
- Maximum debt-to-income ratio: 40%.
- Must be at least 18 (or the age of majority in AL, MS or NE).
- Must be a U.S. citizen, provide a Social Security number and provide proof of residency.
- Must have a valid U.S. bank account, government-issued photo ID and email address.
- Must provide proof of employment or income.
- Origination fee: 0% to 8%.
- Late fee: $15 or 5% of the unpaid amount, whichever is greater.
- Insufficient funds fee: $15.
Best for
good credit and fast funding
Rocket Loans
8.01-29.99%
$2,000-$45,000
640
View details Close details
- Low starting APR.
- Multiple rate discounts.
- Pre-qualifying shows a wide range of information about the potential loan.
- Same- or next-day funding.
- Wide range of loan amounts.
- Charges an origination fee.
- Only two repayment term options.
- No secured, co-signed or joint loan options.
- No direct payment to creditors with debt consolidation loans.
- No mobile app to manage loan.
- Minimum credit score: 640.
- Minimum annual gross income: $24,000.
- Maximum debt-to-income ratio: 40% or 70% including a mortgage.
- Minimum credit history: 2 years.
- Must be at least 18 years old.
- Must be a U.S. resident living in one of the states where the lender does business.
- Must have a valid U.S. bank account.
- Must provide a Social Security number, valid email address, proof of residency and proof of employment or income.
- Origination fee: Up to 9.99%.
- Late fee: $15.
- Returned check fee: $15.
Best for
good credit and home improvement loans
LightStream
6.49-24.89%
$5,000-$100,000
660
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LightStream targets strong-credit borrowers with no fees and low rates that vary based on loan purpose.
- Competitive APRs.
- Rate discounts available.
- No fees.
- Large loans available with long repayment terms.
- ·Same-day funding.
- Limited ability to pre-qualify with a soft credit check.
- High minimum loan amount.
- No direct payment to creditors with debt consolidation loans.
- No mobile app to manage loan.
- Minimum credit score: 660.
- Maximum debt-to-income ratio: 55%.
- Must provide a Social Security number.
- Must have a valid email address and U.S. bank account.
- Origination fee: None.
- Late fee: None.
Best for
good credit and high loan amounts
SoFi Personal Loan
8.99-35.49%
$5,000-$100,000
None
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SoFi is a strong option for good-credit consumers, offering low rates, no fees and flexible payments.
- Multiple rate discounts.
- Large loans available.
- Has a joint loan option.
- Hardship assistance or program for borrowers in need.
- No option to choose initial payment date.
- High minimum loan amount.
- Must be at least 18 years old in most states.
- Must be a U.S. citizen, permanent or non-permanent resident, including DACA recipients and asylum seekers.
- Must be employed, have sufficient income from another source, or have an offer of employment to start within the next 90 days.
- Origination fee: 0% to 7%.
- Late fee: None.
Best for
good credit and secured loans
Best Egg
6.99-35.99%
$2,000-$50,000
600
View details Close details
- Wide range of loan amounts.
- Secured loan options.
- Direct payment to creditors with debt consolidation loans.
- Fast funding.
- Free credit score monitoring.
- Charges an origination fee.
- No co-signed or joint loan options.
- Minimum credit score: 600.
- Maximum debt-to-income ratio: 70%, including mortgage payments.
- Minimum credit history: 3 years and 1 open account.
- Must provide a Social Security number, a valid U.S. bank account and proof of employment or income.
- Must not have any previous bankruptcies.
- Must be a U.S. citizen and at least 18 years of age.
- Cannot live in Iowa, Vermont, West Virginia or Washington, D.C.
- Origination fee: 0.99% - 9.99%.
NerdWallet's guide to good-credit personal loans
Most personal loans are unsecured, which means lenders evaluate applicants' ability to repay by considering factors like credit score rather than relying on collateral. A good credit score (from the mid-600s to mid-700s) often means lower annual percentage rates (APRs) and more favorable loan terms.
Here’s what makes our picks for the best personal loans for good credit stand out:
LendingClub: Best good-credit loans for co-borrowers
LendingClub offers joint personal loans for applicants financing a shared expense. Adding a co-borrower with excellent credit or a higher income may help you qualify for a lower rate or larger loan amount.
Rocket Loans: Best good-credit loans for fast funding
Rocket Loans can approve a personal loan application the same day you submit. When you pre-qualify, the lender lets you instantly preview loan offers. Once you select a loan offer and formally apply, Rocket Loans provides approval decisions within minutes. If you sign the loan documents by 1 p.m. ET on a business day, the funds will be sent to your bank account that day.
Reach: Best good-credit loans for debt consolidation
Reach Financial provides personal loans solely for the purpose of consolidating credit cards or other debts. If approved for a loan, Reach pays your creditors directly, saving you that step in the debt consolidation process. The lender can send electronic payments the same day the loan is approved or overnight checks if electronic payments aren’t an option.
First Tech: Best good-credit loans for small loan amounts
The minimum loan amount for a First Tech personal loan is $500, making it suitable for small expenses, such as a minor home or car repair. Most personal loan amounts start at or above $1,000.
LightStream: Best good-credit loans for home improvement
LightStream offers extended loan terms of up to 20 years for home improvement loans of $25,000 or more. The lender provides loans of up to $100,000, which can fund a major home renovation project.
SoFi: Best good-credit loans for high loan amounts
The maximum loan amount for a SoFi personal loan is $100,000, which can cover a wide variety of borrowing needs. Many personal loans lenders cap borrowing to $50,000 or less.
Best Egg: Best good-credit secured loans
Best Egg allows borrowers to secure their loans — and potentially get a lower rate — with a vehicle or permanent fixtures in their homes.
What are rates on good-credit loans?
Good-credit borrowers tend to get lower APRs on personal loans compared to fair- or bad-credit borrowers. A lower rate means you’ll pay less interest over the life of the loan.
The rate also affects your monthly payment. Use our personal loan calculator to estimate your monthly payments based on interest rate.
Here is what personal loan rates look like, on average:
Borrower credit rating | Score range | Estimated APR |
|---|---|---|
Excellent | 720-850. | 11.81%. |
Good | 690-719. | 14.48%. |
Fair | 630-689. | 17.93%. |
Bad | 300-629. | 21.65%. |
Source: Average rates are based on aggregate, anonymized offer data from users who pre-qualified through NerdWallet from January 1, 2024, through December 31, 2024. Rates are estimates only and not specific to any lender. The lowest credit scores — usually below 500 — are unlikely to qualify. Information in this table applies only to lenders with maximum APRs below 36%.
Where to get a personal loan with good credit
Good-credit borrowers can get a personal loan from online lenders, credit unions or banks.
Online lenders
An online lender lets you pre-qualify, apply and manage the loan from your computer or phone. Good- and excellent-credit borrowers tend to get the best rates and features, so pre-qualifying with multiple lenders and comparing offers is a good idea.
» MORE: Best online loans
Credit unions
Local and national credit unions may offer lower interest rates and more flexible terms than other lenders. You typically have to be a member to borrow from a credit union.
Banks
Banks offer personal loans to existing account holders, often at low rates. Bank customers can also benefit from rate discounts and a streamlined online application process.
» MORE: Best bank loans
How to choose a personal loan
A good credit score could get you loan offers from multiple lenders. Consider these factors to choose the right loan for your plans:
Compare rates across lenders: If you’re someone with good credit, it pays to shop around for the best combination of low rates and fees. Many lenders let you pre-qualify to check rates without affecting your credit.
Loan amount: The amount of money you could receive with a personal loan ranges from about $1,000 to $50,000, though some lenders offer up to $100,000. The amount you request from a lender may factor into their decision to qualify you, so carefully consider how much you need.
Loan purpose: A benefit of personal loans is you can use the money for almost any reason. Common uses are to pay off high-interest credit cards or finance home improvements, and rates can vary based on the loan purpose.
Loan term: Personal loan repayment terms are generally from two to seven years, though some lenders offer extended terms for specific purposes like home improvement. A shorter loan term means you'll pay less total interest on the loan. A longer term lowers your monthly payments.
Loan features: Some lenders have mobile apps where you can track your loan and manage monthly payments. Others offer flexible payment schedules or payment assistance programs. If you’re consolidating debt, some lenders will send loan proceeds directly to your creditors, saving you an important step.
Additional benefits: Take advantage of benefits a lender may offer such as free credit score monitoring and financial planning resources.
How does a personal loan affect your credit?
Though pre-qualifying for a personal loan typically won’t hurt your credit score, a lender will conduct a hard credit check when you formally apply, which can cause your score to drop a few points.
However, payment history represents 35% of an individual’s credit score, according to the credit scoring company FICO. Making on-time loan payments can build your score, while a missed payment can cause your score to drop by as much as 100 points.
If you don’t have other forms of installment credit, such as a student loan or auto loan, getting a personal loan may add to your credit mix, which makes up about 10% of your score, according to FICO.
Alternatives to personal loans for good-credit borrowers
While a good credit score may qualify you for low personal loan rates, consider alternatives to ensure you’re getting the best deal.
Zero-interest credit card: A 0% APR credit card lets you borrow at no cost, as long you pay the card’s balance within the introductory period — typically 15 to 21 months. Most zero-interest cards require good or excellent credit.
Personal line of credit: A personal line of credit functions like a mix between a personal loan and a credit card. During the “draw” period, you borrow against your credit limit as needed, make payments and can borrow more as your balance replenishes. Your monthly payments and interest costs are based on your outstanding balance. Once the draw period ends, you’ll make monthly payments until the balance is repaid.
Home equity financing: With a home equity loan or home equity line of credit, you can borrow against your home’s equity, which is its value minus what you owe on it. Equity financing options usually have lower rates and longer repayment terms than personal loans. Your home is collateral for this type of financing, meaning if you default, the lender could take your property.
Last updated on August 6, 2025
Methodology
To recap our selections...
NerdWallet's Personal Loans for Good Credit: Best of 2025- LendingClub: Excellent for good credit and joint loans
- Rocket Loans: Excellent for good credit and fast funding
- LightStream: Excellent for good credit and home improvement loans
- SoFi Personal Loan: Excellent for good credit and high loan amounts
- Best Egg: Excellent for good credit and secured loans
Frequently asked questions
Good credit scores range from the mid-600s to mid-700s. The credit score you need for a personal loan can vary by lender and the reason you're borrowing. The best personal loan rates and terms are reserved for those with good or excellent credit.
Lenders favor borrowers with good or excellent credit scores (mid-600s or higher). Lenders also consider your debt-to-income ratio on a loan application. When you're ready to apply for a personal loan, pre-qualify and compare offers from multiple lenders to make sure you're getting the best rates and terms available.