Best Personal Loans 2025

SoFi offers personal loans ranging from $5,000 to $100,000, with repayment terms of two to seven years. They don't charge any fees, and loans are available in all states.

SoFi assesses factors such as overall cash flow and credit history. To qualify, the borrower must be of the age of majority in their state and have a verifiable source of income. Users still pay interest, with APR as low as 8.99%.

To apply for a SoFi personal loan, applicants must be at least 18 years old, a U.S. citizen, permanent resident or non-permanent resident.

SoFi also allows users to apply with a co-applicant.

PenFed Credit Union offers unsecured personal loans ranging from as low as $600 to $50,000. The maximum length for a loan is 60 months and the APR ranges from 7.74% to 17.99%. You don't have to become a member of the credit union in order to apply for a loan. However, if a loan is approved, you will need to become a member in order to access the funds.

A borrower must be of the age of majority in their state, have a verifiable source of income, and have good to excellent credit (or a creditworthy co-borrower).

Lending Club offers loans ranging from $1,000 to $40,000, with APR ranging from a reasonable 6.34% to a more steep 35.89%.

The maximum loan term is five years, and borrowers pay interest on a monthly basis. The origination fee will be between 3% and 6% of the loan amount. After the borrower sends a request for a loan, the company offers an APR inline with your credit score, credit history and income. Borrowers then typically receive funds within 42 hours via direct deposit.

LightStream loans range from $5,000 to $100,000 and can have terms between two and 12 years, depending on the loan's purpose. Lightstream only approves users with a “good to excellent” FICO score.

Although there isn’t a specific credit score required, "good to excellent" generally translates to 650 and up.

LightStream also examines debt-to-income ratio and payment history. If approved, you can get an APR ranging from 7.99% to 25.99%.

Prospective borrowers must submit an application and undergo a hard credit check.

Best Egg offers personal loans ranging from $2,000 to $35,000 (up to $50,000 with special offers) with simple interest calculated on the outstanding principal balance only. There is a one-time origination fee included in the principal loan amount, and a $15 returned payment fee if the payment does not get processed.

Upstart is a lending platform that was founded in 2012 by a group of former Google employees. The company is headquartered in California and is licensed to operate in all 50 states in the US.

The company's founders wanted to bring a fresh perspective to the lending industry, using technology such as AI to make the loan approval process more efficient.

Upstart looks beyond traditional credit scores and looks at factors such as education and job history when determining a borrower's risk. This allows Upstart to offer loans to borrowers who may not qualify for traditional bank loans.

Upgrade offers personal loans ranging from $1,000 to $50,000, with origination fees between 1.85% and 8.99%. There are also no prepayment penalty fees.

To qualify for a loan, applicants must meet a minimum credit score of 620, have at least $1,000 in free cash flow each month, and have a debt-to-income ratio of around 40%.

While Upgrade personal loans are generally unsecured the company may offer eligible applicants a secured loan to make it easier to qualify for a lower rate.

Co-applicants who meet the minimum credit score requirements are allowed, but co-signers are not accepted.

Revered Goldman Sachs launched this product in 2016, which offers loans ranging from $3,500 to $40,000. You can get a 0.25% APR discount on your loan if you sign up with Autopay. Marcus also offers a one-month payment deferral once you go 12 consecutive months with regular payments. With this option your loan is extended one month, but you won’t owe anything for the deferred month.

Headquartered in California, Achieve (formerly Freedom Plus) offers personal loans ranging from $1,000 to $100,000, offering competitive interest rates, which can vary based on a borrower's creditworthiness. The loans are unsecured, meaning that borrowers do not have to provide collateral to secure the loan. Loans come with repayment terms ranging from 24 to 60 months.

Also, Freedom Plus doesn’t charge prepayment penalties, which means that borrowers can pay off their loans faster, without facing fees.

LendingPoint offers personal loans from $2,000 to $36,500 with terms ranging from 24 to 60 months. They don't require a minimum credit score, but they do conduct a soft pull of your credit to see what you qualify for. If you continue with an application, they'll conduct a hard inquiry, which will show up on your credit report.

To qualify for a LendingPoint loan, you must be at least 18 years old, have a government-issued photo ID, a social security number, a minimum annual income of $35,000 from employment or retirement, have a personal banking account, and not live in Nevada or West Virginia.

Unlike some traditional lenders who require a high credit score, OneMain doesn't have a minimum FICO score requirement.

They also offer a personal touch to the lending process by requiring all users to meet with a loan specialist either in person or over the phone. With loan amounts ranging from $1,500 to $20,000, and terms ranging from 24 to 60 months, OneMain has some flexibility to fit a variety of financing needs. However, it's worth noting that their APR range is quite wide, starting at 18.00% and going up to 35.99%.

Avant is a lending platform that offers personal loans and credit cards in most states, with loan minimums starting at $2,000 and terms ranging from 24 to 60 months. Avant partners with WebBank to offer access to personal loans for middle-income near prime & prime borrowers with fair credit scores as low as 580. However, the minimum APRs are reserved for high-qualified applicants. Avant personal loans are available in all states except Hawaii, Iowa, Maine, New York, Vermont, West Virginia, and Puerto Rico.

Happy Money's Payoff Personal Loans offer a streamlined solution for consolidating credit card debt. With low fixed interest rates and customizable repayment terms, this product can help borrowers save money on interest.

One of the standout features of this product is its transparency. Happy Money's commitment to no hidden fees, as well as the dedicated support of Member Advocates, make it easier for borrowers to feel in control of their finances. Overall, this product offers a reliable and accessible option for anyone looking for debt relief and financial stability.

BHG, formerly Bankers Healthcare Group, is a financial services company that offers personal loans ranging from $20,000 to $200,000, with repayment terms from 12 to 84 months.

The company is known for excellent customer service and loan applications are simple and straightforward. It often takes 10 minutes or less to apply and approvals take about 24 hours. Funding happens in about five days. There’s no extra fees or lockout periods for paying back the loan early, which adds extra flexibility for borrowers.

Prosper adds more of a personal touch to the lending game. The platform claims to be the U.S.’s first peer-to-peer personal loan lending platform, meaning that the loan is coming from investors. There isn’t a hard credit limit set, but the company advises that you likely won’t qualify if your score is below 600.

NetCredit is a good option for borrowers with fair to poor credit who need quick access to funds. The company offers flexible repayment options, no hidden fees, and fast funding. NetCredit also reports your payment activity to major credit bureaus, which could help to boost your credit score if you pay on time. However, NetCredit offers relatively high APRs when compared to many other personal loan lenders.

Mariner Finance offers personal loans ranging from $1,000 to $25,000, with repayment terms ranging from 12 to 60 months.

One of the biggest advantages of Mariner Finance's personal loans is their flexibility and accessibility. They take into account a borrower's credit history and income when determining loan eligibility. This means that individuals with less-than-perfect credit scores can still qualify for a loan. Additionally, Mariner Finance offers same-day funding for approved loans, which is a great option for those who need funds quickly.

OppLoans is an alternative lending option that provides online instalment loans. The application process is straightforward, and borrowers can apply for loans ranging from $500 to $4,000. OppLoans does not charge origination fees or prepayment penalties. Plus, the company reports payments to all three major credit bureaus, which can help borrowers build their credit score.

If you have fair to poor credit and need a short-term financing option, OppLoans could be a good choice. With flexible repayment options and no hidden fees, it's definitely worth considering if you need some quick cash.

Universal Credit is a great option for those with a lower credit score, offering personal loans ranging from $1,000 to $50,000. You only need a minimum credit score of 560 to get a loan from Universal Credit, with terms being between three and five years.

The company offers some discount options for lenders. Those who use their loans to consolidate their debt and those who set up AutoPay can get a lower rate.

One of the more unique features of Fig Loans is that they report to the three major credit bureaus, which can help customers establish or improve their credit scores. There is also a Credit Builder savings account, which allows you to deposit funds and receive them back at the end of the year.

To apply for a Fig Loans personal loan, customers can visit the company's website and fill out an online application and then receive funds the next business day.

Fig Loans is a great option for customers who need quick and easy access to funds and want to improve their credit scores.