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.
Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. 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- or excellent-credit borrowers — those with credit scores 690 and above — typically have low interest rates. Many come with perks like free credit monitoring and hardship assistance programs. Generally, the better your credit, the wider pick of lenders you have.
Here are the top lenders offering personal loans for borrowers with good credit.
LendingClub: Best for small loan amounts.
Achieve: Best for multiple rate discounts.
Happy Money: Best for credit card consolidation.
First Tech: Best for joint loans.
LightStream: Best for fast funding.
SoFi: Best for high loan amounts.
Discover: Best for low rates.
Best Egg: Best for secured loans.
Personal Loans for Good Credit: Best
Lender | NerdWallet Rating | Est. APR | Loan amount | Min. credit score | Learn more |
|---|---|---|---|---|---|
5.0 /5 | 8.99-29.99% | $5,000-$100,000 | None | Get rateon SoFi's websiteon SoFi's website | |
5.0 /5 | 7.99-24.99% | $2,500-$40,000 | 660 | Get rateon Discover's websiteon Discover's website | |
4.5 /5 | 6.99-25.49% | $5,000-$100,000 | 660 | Get rateon LightStream's websiteon LightStream's website | |
4.5 /5 | 8.99-35.99% | $2,000-$50,000 | 600 | Get rateon Best Egg's websiteon Best Egg's website | |
4.5 /5 | 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 See my rateson NerdWallet's secure websiteon NerdWallet's secure website | 5.0 /5 | 8.99-18.00% | $500-$50,000 | 660 | See my rateson NerdWallet's secure websiteon NerdWallet's secure website |
4.5 /5 | 8.98-35.99% | $1,000-$40,000 | 600 | See my rateson NerdWallet's secure websiteon NerdWallet's secure website | |
4.5 /5 | 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
LendingClub personal loans are a solid option for good-credit borrowers looking to consolidate debt and build their credit.
- 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.
- Origination fee.
- 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.
- Origination fee: 3% to 8%.
- Late fee: 5% of payment or $15 after 15-day grace period.
Our pick for
Good credit and multiple rate discounts
Achieve Personal Loans
8.99-35.99%
$5,000-$50,000
620
- Option to pre-qualify with a soft credit check.
- Multiple rate discounts.
- Direct payment to creditors with debt consolidation loans.
- Joint loan options.
- Charges origination fee.
- Not available in all states.
- No mobile app to manage loan.
- High minimum loan amount.
- 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.
- Origination fee: 1.99% - 6.99%.
Our pick for
Good credit and credit card consolidation
Payoff offers loans and ongoing support to help good-credit borrowers pay off credit card debt.
- Pre-qualify with soft credit check.
- Direct payment to creditors with debt consolidation loans.
- Fast funding.
- Hardship program.
- Origination fee.
- No rate discount.
- No joint, co-sign or secured loan options.
- No option to choose initial payment date.
- 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.
- Origination fee: 1.5% to 5%.
Our pick for
Good credit and joint loans
First Tech Credit Union Personal Loan
8.99-18.00%
$500-$50,000
660
First Tech’s personal loans are a sound option for members who want a customizable loan with fast funding.
- 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.
- 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.
- 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.
- Late fee: $25.
Our pick for
Good credit and fast funding
LightStream targets strong-credit borrowers with no fees and low rates that vary based on loan purpose.
- No fees.
- Rate discount for autopay.
- Long repayment terms on home improvement loans.
- Rate Beat program and Experience Guarantee.
- 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.
- 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.
- Origination fee: None.
- Late fee: None.
Our pick for
Good credit and high loan amounts
SoFi Personal Loan
8.99-29.99%
$5,000-$100,000
None
SoFi is a strong option for good-credit consumers, offering low rates, no fees and flexible payments.
- Joint loan option.
- Multiple rate discounts.
- Mobile app to manage loan.
- No option to choose initial payment date.
- High minimum loan amount.
- 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.
- Origination fee: 0% to 7%.
- Late fee: None.
Our pick for
Good credit and low rates
Discover® Personal Loans
7.99-24.99%
$2,500-$40,000
660
Discover’s online experience, strong customer support and borrower perks make it a top lender for good- and excellent-credit applicants.
- No origination fee.
- Option to pre-qualify with a soft credit check.
- Fast funding.
- Mobile app to manage loan.
- May charge late fee.
- No co-sign or joint loan option.
- No rate discount.
- 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.
- Origination fee: None.
- Late fee: $39.
Our pick for
Good credit and secured loans
Best Egg is worth considering for borrowers looking for a secured loan or to consolidate debt, but the loans come with an origination fee.
- 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.
- Origination fee.
- No rate discounts.
- No option to choose initial payment date.
- No mobile app to manage loan.
- 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.
- Origination fee: 0.99% - 8.99%.
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. | 12.37%. |
Good | 690-719. | 14.88%. |
Fair | 630-689. | 18.40%. |
Bad | 300-629. | 21.93%. |
Source: Average rates are based on aggregate, anonymized offer data from users who pre-qualified through NerdWallet from April 1, 2024, through April 30, 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%.
» MORE: Compare best personal loan rates
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.
» MORE: Best online loans
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.
» MORE: Best bank loans
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.
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.
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
- What is a good credit score for a personal loan?
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.
- How do I get a personal loan with good 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.
