Best of

Personal Loans for Good Credit: Best of 2024

The best personal loans for good credit have low fixed interest rates and flexible features. Compare loan offers from multiple lenders before you choose.

By
Ronita Choudhuri-Wade
Apr 2, 2024

Many or all of the products featured here are from our partners who compensate us. This may influence 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.

Personal Loans for Good Credit: Best

Lender
NerdWallet Rating
Est. APR
Loan amount
Min. credit score
Learn more
SoFi

SoFi Personal Loan

Get rateon SoFi's websiteon SoFi's website
Best for Good credit and high loan amounts

8.99-29.99%

$5,000-$100,000

None

Get rateon SoFi's websiteon SoFi's website
Lightstream

LightStream

Get rateon LightStream's websiteon LightStream's website
4.5
/5
Best for Good credit and fast funding

7.99-25.49%

$5,000-$100,000

660

Get rateon LightStream's websiteon LightStream's website
Discover

Discover® Personal Loans

Get rateon Discover's websiteon Discover's website
5.0
/5
Best for Good credit and low rates

7.99-24.99%

$2,500-$40,000

660

Get rateon Discover's websiteon Discover's website
BestEgg

Best Egg

Get rateon Best Egg's websiteon Best Egg's website
4.5
/5
Best for Good credit and secured loans

8.99-35.99%

$2,000-$50,000

600

Get rateon Best Egg's websiteon Best Egg's website
Achieve

Achieve Personal Loans

See my rateson NerdWallet's secure websiteon NerdWallet's secure website
4.5
/5
Best for Good credit and multiple rate discounts

8.99-35.99%

$5,000-$50,000

620

See my rateson NerdWallet's secure websiteon NerdWallet's secure website
First Tech Credit Union Personal Loan

First Tech Credit Union Personal Loan

See my rateson NerdWallet's secure websiteon NerdWallet's secure website
5.0
/5
Best for Good credit and joint loans

8.99-18.00%

$500-$50,000

660

See my rateson NerdWallet's secure websiteon NerdWallet's secure website
Lending Club

LendingClub

See my rateson NerdWallet's secure websiteon NerdWallet's secure website
4.5
/5
Best for Good credit and small loan amounts

8.98-35.99%

$1,000-$40,000

600

See my rateson NerdWallet's secure websiteon NerdWallet's secure website
Happy Money

Happy Money

See my rateson NerdWallet's secure websiteon NerdWallet's secure website
4.5
/5
Best for Good credit and credit card consolidation

11.72-17.99%

$5,000-$40,000

640

See my rateson NerdWallet's secure websiteon NerdWallet's secure website

Our pick for

Good credit and small loan amounts

Lending Club
See my rateson NerdWallet's secure websiteon NerdWallet's secure website
Lending Club

LendingClub

4.5
Est. APR

8.98-35.99%

Loan amount

$1,000-$40,000

Min. credit score

600

See my rateson NerdWallet's secure websiteon NerdWallet's secure website
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 Lengths2 to 5 years
Fees
  • Origination fee: 3% to 8%.
  • Late fee: 5% of payment or $15 after 15-day grace period.
DisclaimerBetween 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.

Our pick for

Good credit and multiple rate discounts

Achieve
See my rateson NerdWallet's secure websiteon NerdWallet's secure website
Achieve

Achieve Personal Loans

Est. APR

8.99-35.99%

Loan amount

$5,000-$50,000

Min. credit score

620

See my rateson NerdWallet's secure websiteon NerdWallet's secure website
Key factsAchieve 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 Lengths2 to 5 years
Fees
  • Origination fee: 1.99% - 6.99%.
DisclaimerPersonal 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.

Our pick for

Good credit and credit card consolidation

Happy Money
See my rateson NerdWallet's secure websiteon NerdWallet's secure website
Happy Money

Happy Money

Est. APR

11.72-17.99%

Loan amount

$5,000-$40,000

Min. credit score

640

See my rateson NerdWallet's secure websiteon NerdWallet's secure website
Key facts

Payoff offers loans and ongoing support to help good-credit borrowers pay off 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 Lengths2 to 5 years
Fees
  • Origination fee: 1.5% to 5%.
DisclaimerThis 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.

Our pick for

Good credit and joint loans

First Tech Credit Union Personal Loan
See my rateson NerdWallet's secure websiteon NerdWallet's secure website
First Tech Credit Union Personal Loan

First Tech Credit Union Personal Loan

Est. APR

8.99-18.00%

Loan amount

$500-$50,000

Min. credit score

660

See my rateson NerdWallet's secure websiteon NerdWallet's secure website
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 Lengths2 to 7 years
Fees
  • Late fee: $25.

Our pick for

Good credit and fast funding

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 Lengths2 to 7 years
Fees
  • Origination fee: None.
  • Late fee: None.
DisclaimerRates 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.

Our pick for

Good credit and high loan amounts

SoFi
Get rateon SoFi's websiteon SoFi's website
SoFi

SoFi Personal Loan

Est. APR

8.99-29.99%

Loan amount

$5,000-$100,000

Min. credit score

None

Get rateon SoFi's websiteon SoFi's website
Key facts

SoFi is a strong option for good-credit consumers, offering low rates, no fees and flexible payments.

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 Lengths2 to 7 years
Fees
  • Origination fee: 0% to 7%.
  • Late fee: None.
DisclaimerFixed 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.

Our pick for

Good credit and low rates

Discover
Get rateon Discover's websiteon Discover's website
Discover

Discover® Personal Loans

Est. APR

7.99-24.99%

Loan amount

$2,500-$40,000

Min. credit score

660

Get rateon Discover's websiteon Discover's website
Key facts

Discover’s online experience, strong customer support and borrower perks make it a top lender for good- and excellent-credit applicants.

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 Lengths3 to 7 years
Fees
  • Origination fee: None.
  • Late fee: $39.
DisclaimerThis 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.

Our pick for

Good credit and secured loans

BestEgg
Get rateon Best Egg's websiteon Best Egg's website
BestEgg

Best Egg

Est. APR

8.99-35.99%

Loan amount

$2,000-$50,000

Min. credit score

600

Get rateon Best Egg's websiteon Best Egg's website
Key facts

Best Egg is worth considering for borrowers looking for a secured loan or to consolidate debt, but the loans come with an origination fee.

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 Lengths3 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/

NerdWallet's guide to good-credit personal loans

A good credit score often means lower annual percentage rates and more favorable terms on personal loans. Most loans are unsecured, meaning you don't have to put up collateral like your car or savings; instead, lenders evaluate applicants' ability to repay by considering factors like credit, debt and income.

This guide will help you compare and choose the best personal loans for good credit.

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 either good or excellent credit, it pays to shop for the best combination of low rates and fees. Most online 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 for home improvements, and rates can vary based on the loan purpose.

Loan term: Personal loans generally have terms 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 your debt, some lenders will send your loan proceeds directly to your creditors, saving you an important step in paying off debt.

Additional benefits: Take advantage of benefits like free credit score monitoring and financial planning resources that your lender may offer.

What are rates on good-credit loans?

The APR you receive on a personal loan depends significantly on your credit score. The better your score, the lower your rate and the less interest you'll pay over the life of the loan.

The interest rate also affects your total monthly payment. Use our personal loan calculator to estimate your monthly payments based on your credit score.

Here is what interest rates on personal loans look like, on average:

Borrower credit rating

Score range

Estimated APR

Excellent

720-850.

12.64%

Good

690-719.

14.84%

Fair

630-689.

18.69%.

Bad

300-629.

21.74%.

Source: Average rates are based on aggregate, anonymized offer data from users who pre-qualified through NerdWallet from March 1, 2024, through March 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 will let 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.

Credit unions

Local or 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.

Next step: Pre-qualify for a personal loan

You can pre-qualify on NerdWallet and compare offers from lenders that partner with us. Pre-qualifying will not affect your credit score.

PRE-QUALIFY ON NERDWALLET

Last updated on April 2, 2024

Methodology

NerdWallet’s review process evaluates and rates personal loan products from more than 35 technology companies and financial institutions. We collect over 50 data points from each lender and cross-check company websites, earnings reports and other public documents to confirm product details. We may also go through a lender’s pre-qualification flow and follow up with company representatives. NerdWallet writers and editors conduct a full fact check and update annually, but also make updates throughout the year as necessary.

Our star ratings award points to lenders that offer consumer-friendly features, including: soft credit checks to pre-qualify, competitive interest rates and no fees, transparency of rates and terms, flexible payment options, fast funding times, accessible customer service, reporting of payments to credit bureaus and financial education. Our ratings award fewer points to lenders with practices that may make a loan difficult to repay on time, such as charging high annual percentage rates (above 36%), underwriting that does not adequately assess consumers’ ability to repay and lack of credit-building help. We also consider regulatory actions filed by agencies like the Consumer Financial Protection Bureau. We weigh these factors based on our assessment of which are the most important to consumers and how meaningfully they impact consumers’ experiences.

NerdWallet does not receive compensation for our star ratings. Read more about our ratings methodologies for personal loans and our editorial guidelines.

To recap our selections...

NerdWallet's Personal Loans for Good Credit: Best of 2024

  • LendingClub: Best for Good credit and small loan amounts
  • Achieve Personal Loans: Best for Good credit and multiple rate discounts
  • Happy Money: Best for Good credit and credit card consolidation
  • First Tech Credit Union Personal Loan: Best for Good credit and joint loans
  • LightStream: Best for Good credit and fast funding
  • SoFi Personal Loan: Best for Good credit and high loan amounts
  • Discover® Personal Loans: Best for Good credit and low rates
  • Best Egg: Best for Good credit and secured loans

Frequently asked questions

  • Good credit scores on the FICO credit scale are between 690 and 719. 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 and excellent credit.

  • Lenders favor borrowers with good and excellent credit scores (above 689). Lenders also consider your debt-to-income ratio on a loan application. When you're ready to apply for a personal loan, compare multiple lenders and pre-qualify to make sure you're getting the best rates and terms available.

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