Looking for more information on personal loans?
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Posted on18 Jan 2020
Posted on27 Dec 2019
Posted on23 Dec 2019
Looking for the best personal loans online?
We can help you decide.
There are a lot of reasons why you might want to apply for a personal loan. While one person might need a personal loan to buy a car, another might take one out for renovating a home or making a consolidating debt. There are many personal loans and cash loans available, so, how do you find the best one for you?
Request now the personal loan right for you!
Advertiser DisclosureThe offers that appear on this site are from companies from which betterloanblog might receive compensation. While our site does not include all available financial offers, we’re proud that the guidance we offer and the information we provide are objective, independent and free. Reasonable efforts are made to maintain accurate information. However, all personal loans information is presented without warranty. When you click on the " Request Now " button you should review the terms and conditions on the lender's web site.Featured best personal loan
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Better Loan Blog
Our take: Online marketplace to find you a personal loan offer that matches your needs Show moreCredit Score Loan Size/Amount Loan Term APR Origination Fee All can apply $100 - $15,000 1 - 60 5.99% - 35.99% Varies by lender Credit ScoreAll can applyLoan Size/Amount$100 - $15,000Loan Term1 - 60APR5.99% - 35.99%Origination FeeVaries by lenderOur take: Online marketplace to find you a personal loan offer that matches your needsShow more
What is the best personal loan?
There is no single answer to that question. The best personal loan is the one that meets your needs and circumstances. However, there is a way to find the best personal loan for you. This guide will take you through what you need to know to find the best personal loan companies for you!.
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Align
Our take: Flexible loan terms focused on customers with fair credit, repayment directly from your income Show moreCredit Score Loan Size/Amount Loan Term APR Origination Fee 600 - 700 $1,500 - $12,500 24 - 60 37.00% - 94.00% 0.00% Credit Score600 - 700Loan Size/Amount$1,500 - $12,500Loan Term24 - 60APR37.00% - 94.00%Origination Fee0.00%Our take: Flexible loan terms focused on customers with fair credit, repayment directly from your incomeShow more -
Credit Score Loan Size/Amount Loan Term APR Origination Fee 580 - 740 $2,000 - $35,000 24 - 60 9.95% - 35.99% 0.95% - 4.75% Credit Score580 - 740Loan Size/Amount$2,000 - $35,000Loan Term24 - 60APR9.95% - 35.99%Origination Fee0.95% - 4.75%Our take: Loans primarily focused on debt consolidation with reasonable ratesShow more -
Better Loan Blog
Our take: Online marketplace to find you a personal loan offer that matches your needs Show moreCredit Score Loan Size/Amount Loan Term APR Origination Fee All can apply $100 - $15,000 1 - 60 5.99% - 35.99% Varies by lender Credit ScoreAll can applyLoan Size/Amount$100 - $15,000Loan Term1 - 60APR5.99% - 35.99%Origination FeeVaries by lenderOur take: Online marketplace to find you a personal loan offer that matches your needsShow more -
Credit Score Loan Size/Amount Loan Term APR Origination Fee 500 - 640 $300 - $3,500 6 - 24 89.00% - 449.00% 0.00% Credit Score500 - 640Loan Size/Amount$300 - $3,500Loan Term6 - 24APR89.00% - 449.00%Origination Fee0.00%Our take: PayDay lender with high interest rates operating in 22 statesShow more -
Earnest
Our take: Looks at your full financial history to make lending decisions, so good option to build credit Show moreCredit Score Loan Size/Amount Loan Term APR Origination Fee 700 - 850 $2,000 - $50,000 24 - 60 5.25% - 12.99% 0.00% Credit Score700 - 850Loan Size/Amount$2,000 - $50,000Loan Term24 - 60APR5.25% - 12.99%Origination Fee0.00%Our take: Looks at your full financial history to make lending decisions, so good option to build creditShow more -
FIG Loans
Our take: Loans for those with bad credit, but focused on responsible lending to help rebuild credit Show moreCredit Score Loan Size/Amount Loan Term APR Origination Fee 300 - 840 $300 - $500 4 - 12 36.00% - 190.00% 0.00% Credit Score300 - 840Loan Size/Amount$300 - $500Loan Term4 - 12APR36.00% - 190.00%Origination Fee0.00%Our take: Loans for those with bad credit, but focused on responsible lending to help rebuild creditShow more -
iLoan
Our take: Online lender owned by OneMain Financial, focused on bad to fair credit customers Show moreCredit Score Loan Size/Amount Loan Term APR Origination Fee 540 - 640 $2,550 - $25,000 36 - 60 17.60% - 35.99% 0.00% - 5.00% Credit Score540 - 640Loan Size/Amount$2,550 - $25,000Loan Term36 - 60APR17.60% - 35.99%Origination Fee0.00% - 5.00%Our take: Online lender owned by OneMain Financial, focused on bad to fair credit customersShow more -
Jora Credit
Our take: Good alternative to payday loans for customers with bad credit scores Show moreCredit Score Loan Size/Amount Loan Term APR Origination Fee 450 - 740 $500 - $12.600 1 - 30 186% - 349% 0,5% - 5% Credit Score450 - 740Loan Size/Amount$500 - $12.600Loan Term1 - 30APR186% - 349%Origination Fee0,5% - 5%Our take: Good alternative to payday loans for customers with bad credit scoresShow more -
Credit Score Loan Size/Amount Loan Term APR Origination Fee 560 - 700 $100 - $1,000 4 - 6 26.00% - 365.00% 0.00% Credit Score560 - 700Loan Size/Amount$100 - $1,000Loan Term4 - 6APR26.00% - 365.00%Origination Fee0.00%Our take: Peer-to-peer lender focused on bad credit customersShow more -
LendingClub
Our take: Solid Peer-to-peer lender with slightly less difficult eligibility requirements than others Show moreCredit Score Loan Size/Amount Loan Term APR Origination Fee 600 - 850 $1,000 - $40,000 36 - 60 5.99% - 35.89% 1.00% - 6.00% Credit Score600 - 850Loan Size/Amount$1,000 - $40,000Loan Term36 - 60APR5.99% - 35.89%Origination Fee1.00% - 6.00%Our take: Solid Peer-to-peer lender with slightly less difficult eligibility requirements than othersShow more -
LendingPoint
Our take: Considers more than just credit score, so may enable bad credit customers to qualify Show moreCredit Score Loan Size/Amount Loan Term APR Origination Fee 590 - 720 $2,000 - $25,000 24 - 48 15.49% - 34.99% 0.00% - 6.00% Credit Score590 - 720Loan Size/Amount$2,000 - $25,000Loan Term24 - 48APR15.49% - 34.99%Origination Fee0.00% - 6.00%Our take: Considers more than just credit score, so may enable bad credit customers to qualifyShow more -
Credit Score Loan Size/Amount Loan Term APR Origination Fee 300 - 640 $100 - $2,500 3 - 12 99.00% - 450.00% 0.00% Credit Score300 - 640Loan Size/Amount$100 - $2,500Loan Term3 - 12APR99.00% - 450.00%Origination Fee0.00%Our take: Loans for bad credit customers, slightly better terms than payday loans.Show more -
LightStream
Our take: Tougher requirements than some other lenders, but with some of the best rates in the market Show moreCredit Score Loan Size/Amount Loan Term APR Origination Fee 680 - 850 $5,000 - $100,000 24 - 84 5.99% - 14.74% 0.00% Credit Score680 - 850Loan Size/Amount$5,000 - $100,000Loan Term24 - 84APR5.99% - 14.74%Origination Fee0.00%Our take: Tougher requirements than some other lenders, but with some of the best rates in the marketShow more -
Marcus
Our take: Online lender owned by Goldman Sachs, with no fees and soft credit check only option Show moreCredit Score Loan Size/Amount Loan Term APR Origination Fee 640 - 850 $3,500 - $30,000 36 - 72 6.99% - 24.99% 0.00% Credit Score640 - 850Loan Size/Amount$3,500 - $30,000Loan Term36 - 72APR6.99% - 24.99%Origination Fee0.00%Our take: Online lender owned by Goldman Sachs, with no fees and soft credit check only optionShow more -
Credit Score Loan Size/Amount Loan Term APR Origination Fee 560 - 720 $1,000 - $35,000 1 - 36 7.00% - 200.00% 0.00% - 6.00% Credit Score560 - 720Loan Size/Amount$1,000 - $35,000Loan Term1 - 36APR7.00% - 200.00%Origination Fee0.00% - 6.00%Our take: Multiple loan product for fair to good credit ratingsShow more -
NetCredit
Our take: Offers fixed rate loans at a variety of rates, including to those with poor credit Show moreCredit Score Loan Size/Amount Loan Term APR Origination Fee 500 - 700 $1,000 - $10,000 6 - 60 34.00% - 150.00% 34.00% - 150.00% Credit Score500 - 700Loan Size/Amount$1,000 - $10,000Loan Term6 - 60APR34.00% - 150.00%Origination Fee34.00% - 150.00%Our take: Offers fixed rate loans at a variety of rates, including to those with poor creditShow more -
Credit Score Loan Size/Amount Loan Term APR Origination Fee 540 - 640 $1,500 - $25,000 24 - 60 16.00% - 36.00% 1.00% - 5.00% Credit Score540 - 640Loan Size/Amount$1,500 - $25,000Loan Term24 - 60APR16.00% - 36.00%Origination Fee1.00% - 5.00%Our take: Primarily online lender with offices in many US statesShow more -
OppLoans
Our take: Lender focused on poor credit, based out of Chicago currently offering loans in 29 states Show moreCredit Score Loan Size/Amount Loan Term APR Origination Fee 350 - 600 $500 - $5,000 9 - 24 59.00% - 199.00% 0.00% - 3.00% Credit Score350 - 600Loan Size/Amount$500 - $5,000Loan Term9 - 24APR59.00% - 199.00%Origination Fee0.00% - 3.00%Our take: Lender focused on poor credit, based out of Chicago currently offering loans in 29 statesShow more -
Payoff
Our take: Loans focused on consolidating credit card debt, for customers with fair credit Show moreLoan Size/Amount Loan Term APR Origination Fee $5,000 - $35,000 24 - 60 8.00% - 25.00% 2.00% - 5.00% Loan Size/Amount$5,000 - $35,000Loan Term24 - 60APR8.00% - 25.00%Origination Fee2.00% - 5.00%Our take: Loans focused on consolidating credit card debt, for customers with fair creditShow more -
Pioneer Military Loans
Our take: Military-focused lender with long history of working with service members. Show moreCredit Score Loan Size/Amount Loan Term APR All can apply $500 - $10,000 12 - 48 10.00% - 36.00% Credit ScoreAll can applyLoan Size/Amount$500 - $10,000Loan Term12 - 48APR10.00% - 36.00%Our take: Military-focused lender with long history of working with service members.Show more -
Prosper
Our take: Peer-to-peer lender that gets listed on their platform to receive funding Show moreCredit Score Loan Size/Amount Loan Term APR Origination Fee 640 - 850 $2,000 - $35,000 36 - 60 5.99% - 35.99% 1.00% - 5.00% Credit Score640 - 850Loan Size/Amount$2,000 - $35,000Loan Term36 - 60APR5.99% - 35.99%Origination Fee1.00% - 5.00%Our take: Peer-to-peer lender that gets listed on their platform to receive fundingShow more -
Rise
Our take: Loans for those with bad credit, but focused on responsible lending to help rebuild credit Show moreCredit Score Loan Size/Amount Loan Term APR Origination Fee 300 - 650 $300 - $5,000 4 - 26 36.00% - 299.00% 0.00% Credit Score300 - 650Loan Size/Amount$300 - $5,000Loan Term4 - 26APR36.00% - 299.00%Origination Fee0.00%Our take: Loans for those with bad credit, but focused on responsible lending to help rebuild creditShow more -
RocketLoans
Our take: Personal loans for good credit customers, focused on online applications Show moreCredit Score Loan Size/Amount Loan Term APR Origination Fee 640 - 850 $2,000 - $35,000 36 - 60 5.98% - 28.99% 1.00% - 6.00% Credit Score640 - 850Loan Size/Amount$2,000 - $35,000Loan Term36 - 60APR5.98% - 28.99%Origination Fee1.00% - 6.00%Our take: Personal loans for good credit customers, focused on online applicationsShow more -
SoFi
Our take: Tougher requirements than some other lenders, but with some of the best rates in the market Show moreCredit Score Loan Size/Amount Loan Term APR Origination Fee 660 - 850 $5,000 - $100,000 36 - 84 4.98% - 14.49% 0.00% Credit Score660 - 850Loan Size/Amount$5,000 - $100,000Loan Term36 - 84APR4.98% - 14.49%Origination Fee0.00%Our take: Tougher requirements than some other lenders, but with some of the best rates in the marketShow more -
Upgrade
Our take: Newer lender in the market, with slightly higher loan limits than other lenders Show moreCredit Score Loan Size/Amount Loan Term APR Origination Fee 620 - 850 $1,000 - $50,000 36 - 60 5.96% - 35.97% 1.00% - 6.00% Credit Score620 - 850Loan Size/Amount$1,000 - $50,000Loan Term36 - 60APR5.96% - 35.97%Origination Fee1.00% - 6.00%Our take: Newer lender in the market, with slightly higher loan limits than other lendersShow more -
Upstart
Our take: Looks at more than just credit score, so good option to build credit history Show moreCredit Score Loan Size/Amount Loan Term APR Origination Fee Learn more $1000 - $50000 36 - 60 6,00% - 29,99% 0,00% - 8,00% Credit ScoreLearn moreLoan Size/Amount$1000 - $50000Loan Term36 - 60APR6,00% - 29,99%Origination Fee0,00% - 8,00%Our take: Looks at more than just credit score, so good option to build credit historyShow more
LEARN MORE ABOUT PERSONAL LOANS
An online personal loan is money borrowed from an online lender that you pay back in fixed monthly installments along with interest. (Take a look to our article about allotment loans for federal government employees)
Most online personal loans are unsecured, which means they aren’t backed by collateral. A secured loan backed by a car or house typically is cheaper, but you can lose the asset if you default on paying it back.
Unless you qualify for a 0% interest balance-transfer credit card, the rates on personal installment loans are typically cheaper than those on credit cards, and the amounts you can borrow are usually higher. If you have big balances on multiple high-interest credit cards, a personal loan can help you consolidate the debts into one payment at a lower rate. Better Loan Blog can also help you learn more about the best credit card offers through our blog online.
What rate should I expect?
Rates vary from lender to lender and depend heavily on your credit history and ability to repay. The annual percentage rates on loans can vary depending on the lender. Compare rates from multiple lenders before choosing. The loan with the lowest APR is the least expensive — and therefore, usually the best choice. Learn more about how to get a personal loan.
What are the requirements?
Almost all lenders require you to be 18 or older and a legal U.S. resident with a verifiable bank account, and not be in bankruptcy or foreclosure.
Borrowers with excellent credit and low debt-to-income ratios may qualify for interest rates at the low end of lenders’ ranges. Someone with poor or average credit may be able to get an unsecured personal loan on the strength of a steady income and low debt levels.
How to compare personal loans to find the best one for you
When you want to apply for a personal loan you should first compare multiple offerings so you can track down the right product.
Secured or unsecured?
A secured loan allows you to benefit from a lower interest rate by using the asset as security but you risk losing it if you default on the loan. This could be a good option for someone looking for a bad credit loan. On the other hand, an unsecured personal loan may come with a slightly higher interest rate but requires no security and allows you to use the funds however you need to. This would require you to have a relatively good credit score, so likely not a good option if you are looking for a personal loan no credit check.
Compare interest rates against similar loans
While you should also check the fees you will be charged, the comparison rate will give you an idea of the true cost of the no credit check loan as it is comprised of both interest and fees.
The amount you can borrow should factor into your decision.
You will not find out how much you will be approved for before you apply but lenders will have a set minimum and maximum borrowing amount. Ensure how much you want to borrow falls within these limits.
Are there restrictions on additional repayments or repaying the loan early? Are there restrictions on how you can use the loan amount?
Find out what restrictions apply with the payday loan online.
What will be the term of the loan?
Work out how much you can afford to repay and what repayment terms you will need. Then, make sure the loan you are applying for offers these terms.
Don’t take on a loan you can’t afford.
When borrowing money it is always important to use a calculator to find out what your repayments will be. If you can comfortably afford a loan don’t feel tempted to consider borrowing more in the even that you can’t afford it.
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