Marcus by Goldman Sachs Personal Loan Alternatives

Marcus no longer offers new personal loans. Explore alternative loans from banks, online lenders and credit unions.

Written by

other

Updated May 27, 2026

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.


NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account factors we consider to be consumer-friendly, including impact to credit score, rates and fees, customer experience and responsible lending practices.	NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account factors we consider to be consumer-friendly, including impact to credit score, rates and fees, customer experience and responsible lending practices.	NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account factors we consider to be consumer-friendly, including impact to credit score, rates and fees, customer experience and responsible lending practices.
See my rates	See my rates	See my rates
Est. APR 6.99-35.49%⁠ With all discounts. Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status, be residing in the U.S., and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates at the time of application and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, income, and other factors. If SoFi is unable to offer you a loan but matches you for a loan with a participating bank, then your rate may be outside the range of rates listed above. Rates and Terms are subject to change at any time without notice. SoFi Personal Loans can be used for any lawful personal, family, or household purposes and may not be used for post-secondary education expenses. Minimum loan amount is $5,000. The average of SoFi Personal Loans funded in 2024 was around $33K. Information current as of 06/03/26. SoFi Personal Loans originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org). See SoFi.com/legal for state-specific license details. See SoFi.com/eligibility for details and state restrictions. Fixed rates from 6.99% APR to 35.49% APR. APR reflect the 0.25% autopay interest rate discount and a 0.25% member rate discount. SoFi Platform personal loans are made either by SoFi Bank, N.A. or , Cross River Bank, a New Jersey State Chartered Commercial Bank, operating from its Delaware branch, Member FDIC, Equal Housing Lender. SoFi may receive compensation if you take out a loan originated by Cross River Bank. These rate ranges are current as of 06/03/26 and are subject to change without notice. Not all rates and amounts available in all states. See SoFi Personal Loan eligibility details at https://www.sofi.com/eligibilitycriteria/#eligibility-personal. 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. SoFi Platform personal loans are made either by SoFi Bank, N.A. or , Cross River Bank, a New Jersey State Chartered Commercial Bank, operating from its Delaware branch, Member FDIC, Equal Housing Lender. SoFi may receive compensation if you take out a loan originated by Cross River Bank. These rate ranges are current as of 06/03/26 and are subject to change without notice. Not all rates and amounts available in all states. See SoFi Personal Loan eligibility details at https://www.sofi.com/eligibility-criteria/#eligibility-personal. 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. 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 9.99% of your loan amount for Cross River Bank originated loans which will be deducted from any loan proceeds you receive and for SoFi Bank originated loans have an origination fee of 0%-7%, 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. Member Rate Discount: To be eligible for an additional 0.25% interest rate reduction on a Personal Loan, you must, within 31 days of loan funding, either (1) meet SoFi Plus eligibility criteria, (2) receive an Eligible Direct Deposit into a SoFi Checking or Savings account, or (3) receive at least $5,000 in Qualifying Deposits into a SoFi Checking or Savings account. You must continue to meet at least one of the above eligibility criteria every 31 days to maintain the discount. See the SoFi Plus terms for details on SoFi Plus subscription. For more details on Eligible Direct Deposit or Qualifying Deposits, please see https://www.sofi.com/legal/banking-rate-sheet. Once you become eligible during the initial period, the discount will be removed or reinstated depending on whether the criteria have been met. Each time your loan is re-amortized, your monthly payment amount will change based upon the interest rate that was in place. SoFi reserves the right to modify or terminate this offer at any time for unenrolled participants. You are not required to meet these criteria to be approved for a loan.	Est. APR 6.49-24.89%⁠ Rates quoted are with AutoPay.	Est. APR 7.74-35.99%
Loan term 2 to 7 years	Loan term 2 to 7 years⁠ 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.	Loan term 2 to 7 years
Loan amount $5,000-$100,000	Loan amount $5,000-$100,000⁠ 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.	Loan amount $1,000-$50,000
Min. credit score None	Min. credit score 660	Min. credit score 600

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.

» MORE: How to get a credit union personal loan

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.

Explore more on

NerdWallet’s Picks for the Best Personal Loans Personal Loan Calculators Personal Loan Reviews

You're our first priority.
Every time.

Marcus by Goldman Sachs Personal Loan Alternatives