Marcus stopped offering new personal loans in January 2023. The company said then it will continue to service existing loans.
Marcus previously offered personal loans ranging from $3,500 to $40,000 for borrowers with good to excellent credit (690 credit score or higher). Its loans offered features like direct payment to creditors, a rate discount for autopay and a payment deferral option.
If you still need a personal loan, consider alternative loan options from other banks, online lenders and credit unions.
Alternatives to Marcus personal loans
Banks
Banks typically provide competitive rates on personal loans to borrowers with good and excellent credit. Some banks require you to be an existing customer in order to apply for a personal loan.
» COMPARE: Best bank loans
U.S. Bank: U.S. Bank offers personal loans ranging from $1,000 to $50,000 for customers in all 50 states and Washington, D.C. You don’t need to be an existing customer to apply, but loan amounts and terms differ for non-customers. U.S. Bank also offers small personal loans starting at $100.
Wells Fargo: Wells Fargo personal loans come in a wide range of amounts — from $3,000 to $100,000 — so they’re easily customizable for most loan purposes. It also offers a separate small loan starting at $250. You must be an established customer to qualify for Well Fargo's personal loans.
Online lenders
Online lenders promise convenient applications and fast funding. These loans are available to borrowers across the credit spectrum.
» COMPARE: Best online personal loans
SoFi: SoFi personal loans are available to borrowers with good and excellent credit and come in amounts from $5,000 to $100,000. The lender offers services like hardship programs.
LightStream: LightStream, an online arm of Truist Bank, offers online personal loans with low rates and zero fees. This includes no origination fee, which is hard to find among online lenders. It offers loans up to $100,000 and can send funds within one business day.
Upgrade: Upgrade is a particularly good option for debt consolidation — the lender will send loan funds to creditors and give a rate discount for this option. It offers joint and secured loan options and free credit score monitoring.
 |  |
|---|---|
| See my rates | See my rates |
Est. APR7.74-35.49% | Est. APR6.49-24.89% |
Loan term2 to 7 years | Loan term2 to 7 years |
Loan amount$5,000-$100,000 | Loan amount$5,000-$100,000 |
Min. credit scoreNone | Min. credit score660 |
Credit unions
Credit unions may offer easier qualification and lower rates than banks or online lenders. To apply for a loan at a credit union, you first need to become a member.
PenFed: PenFed is known for serving military members, but anyone can join by funding a savings account with a $5 minimum. You’ll need good to excellent credit to qualify.
First Tech: First Tech serves tech companies and their employees with personal loans ranging from $500 to $50,000 and repayment terms between six months and seven years. It offers co-signed and joint loan options.
How to compare personal loans
The best way to compare personal loan lenders is by pre-qualifying. Pre-qualifying lets you check your potential rate, loan amount and term without risking a hard credit check, which can temporarily knock a few points off your credit score.
Many lenders offer pre-qualification, though it's particularly common among online lenders. NerdWallet lets you pre-qualify with online lenders with no risk to your credit score.
