Personal Loans – Table Format V2

The Money Manual’s Top Picks For Personal Loan Lenders 2024

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PERSONAL LOANS

Personal loans for debt consolidation, large purchases, or emergency expenses.

If you’re looking for a personal loan, it’s important to understand that your credit score plays a crucial role in determining your eligibility. To qualify for most, you’ll need good to excellent credit — typically a credit score in the mid 600s and up. And the better your credit score, the better your chances of getting a lower interest rate. Do your research and compare options to find a loan that fits your needs and budget.

Explore our top picks for personal loans below:

EXPLORE TOP PERSONAL LOANS

Institution

Loan Amount

APR

Loan Term

Minimum Credit Score

Learn More

Loan Amount
APR
Loan Term

$500 – $100,000
3.99% – 35.99%
6 months – 7 years

GET YOUR RATE Learn More

Experian helps you find personal loans tailored to your credit profile. Before you apply for a loan, you can also use Experian to check your FICO Score for free. If your score needs improvement, you can use the Experian Boost tool to prep it. It lets you add payment history from your everyday bills, including utilities, streaming services, and in some cases, rent, to your credit profile. If you have a good track record with these bills, adding these payments can give your FICO score the boost it needs to help you qualify for personal loans with lower rates and better terms.  

Experian Boost helps users lift their FICO Score by an average of 13 points. Keep in mind, Experian uses the FICO® Score 8 model. Your lender may use a different FICO® Score than FICO® Score 8, or another type of credit score altogether. Experian’s personal loan comparison and credit-building tool are both free to use. Exploring loan offers will not impact your credit score. 

Get Your Rate: Experian

Loan Amount
APR
Loan Term

$2,000 – $50,000
5.99% – 35.99%
1 year – 7 years

GET YOUR RATE Learn More

AmOne is an online financial marketplace that aims to match borrowers with personal loan options that best fit their needs. Loans from it lending partners cater to a wide range of needs and ambitions, including debt consolidation, home improvements, household expenses, business needs, medical expenses, vacations, moving and relocation costs, special event expenses, tax fees, baby and adoption expenses, and more.  

To get a list of offers, just fill out a short questionnaire about yourself and your loan needs. Take some time to compare rates and terms, then select the loan offer you like best and chat with an AmOne consultant to better understand your options. If you are approved for a loan, you can get access to your funds in as little as 24 hours. AmOne is free to use and won’t impact your credit score. 

Get Your Rate: AmOne

Loan Amount
APR
Loan Term

$600 – $100,000
5.40% – 35.99%
1 year – 7 years

GET YOUR RATE Learn More

With Credible, you can easily get a personalized list of loan options that you prequalify for, allowing you to compare them side-by-side. You can shop for personal loan offers from up to 17 top lenders, including Discover, LendingPoint, SoFi, and more. To date, Credible has saved customers more than $92 million in interest on loans.  

Confident in its ability to help borrowers find the best option for their needs, Credible offers a best-rate guarantee; if you’re able to get approved for a loan elsewhere at a lower rate after using Credible, they’ll give you a $200 gift card. Credible is free to use and using it to compare personal loan rates won’t affect your credit score. Exploring loan options with Credible won’t impact your credit and it’s 100% free. 

Get Your Rate: Credible

Loan Amount
APR
Loan Term

$500 – $10,000
5.99% – 35.99%
90 days – 6 years

GET YOUR RATE Learn More

Whether you have excellent credit or poor credit, CashUSA welcomes a wide range of applicants, providing an inclusive environment through its network of lenders. There is no credit score minimum for applying, and borrowers can apply for loan amounts between $500 and $10,000. If you are unable to receive a loan offer from a lender, CashUSA may send you offers for debt relief, credit repair, or other similar services for alternative assistance. If approved for a loan, you will receive your funds by the next business day.  

Dedicated to empowering borrowers with knowledge and resources, CashUSA’s website offers insightful articles, guides, and tools to help you navigate the world of personal finance and make informed decisions. 

Get Your Rate: CashUSA

Loan Amount
APR
Loan Term

$1,000 – $50,000
8.49% – 35.99%
2 years – 7 years

GET YOUR RATE Learn More

Upgrade’s simple online application process, quick decisions, and flexible repayment options make borrowing money a breeze. The lender goes the extra mile by offering rate discounts when you enroll in autopay and even provides the convenience of direct payments to your creditors for loans used for debt consolidation. Upgrade offers a soft credit pull to provide you with personal loan offers, so your credit score remains unaffected while you explore your options. 

While Upgrade does have an origination fee between 1.89% and 9.99% of the loan amount, it doesn’t charge prepayment penalties for paying off loans early. Eligibility for Upgrade loans is open to U.S. citizens, permanent residents, and immigration visa holders, except for residents of Iowa, Washington D.C., and West Virginia.

Get Your Rate: Upgrade

Loan Amount
APR
Loan Term

$500 – $100,000
6.24% – 35.99%
1 year – 12 years

GET YOUR RATE Learn More

With Bankrate’s personal loan comparison tool, you can get a list of personal loan offers you prequalify for in two minutes or less. Its network of lenders includes some of the most popular today, like Best Egg, Lending Club, and Avant, to name a few. You can explore loan offers for free and without impact on your credit score. 

Get Your Rate: Bankrate

Loan Amount
APR
Loan Term

$1,000 – $50,000
6.70% – 35.99%
3 years – 5 years

GET YOUR RATE Learn More

What sets Upstart apart from other lenders is its qualification model. While it uses common factors such as credit scores and debt-to-income ratios to determine eligibility, it also considers non-conventional factors, such as college education, job history, and place of residence. Thanks to its nuanced qualification model, Upstart says borrowers can find 43% lower rates for personal loans. 

Upstart says 99% of funds for approved loans are sent just one business day after signing. It does not charge prepayment fees, and comparing loan offers is free and does not impact your credit score. 

Get Your Rate: Upstart

$1,000
—
$50,000

8.49%
—
35.99%

2 years
—
7 years

GET YOUR RATE Learn More

Upgrade’s simple online application process, quick decisions, and flexible repayment options make borrowing money a breeze. The lender goes the extra mile by offering rate discounts when you enroll in autopay and even provides the convenience of direct payments to your creditors for loans used for debt consolidation. Upgrade offers a soft credit pull to provide you with personal loan offers, so your credit score remains unaffected while you explore your options. 

While Upgrade does have an origination fee between 1.89% and 9.99% of the loan amount, it doesn’t charge prepayment penalties for paying off loans early. Eligibility for Upgrade loans is open to U.S. citizens, permanent residents, and immigration visa holders, except for residents of Iowa, Washington D.C., and West Virginia. 

Get Your Rate: Upgrade

$500
—
$100,000

3.99%
—
35.99%

6 months
—
7 years

GET YOUR RATE Learn More

Experian helps you find personal loans tailored to your credit profile. Before you apply for a loan, you can also use Experian to check your FICO Score for free. If your score needs improvement, you can use the Experian Boost tool to prep it. It lets you add payment history from your everyday bills, including utilities, streaming services, and in some cases, rent, to your credit profile. If you have a good track record with these bills, adding these payments can give your FICO score the boost it needs to help you qualify for personal loans with lower rates and better terms.  

Experian Boost helps users lift their FICO Score by an average of 13 points. Keep in mind, Experian uses the FICO® Score 8 model. Your lender may use a different FICO® Score than FICO® Score 8, or another type of credit score altogether. Experian’s personal loan comparison and credit-building tool are both free to use. Exploring loan offers will not impact your credit score.

Get Your Rate: Experian

$2,000
—
$50,000

5.99%
—
35.99%

1 year
—
7 years

GET YOUR RATE Learn More

AmOne is an online financial marketplace that aims to match borrowers with personal loan options that best fit their needs. Loans from it lending partners cater to a wide range of needs and ambitions, including debt consolidation, home improvements, household expenses, business needs, medical expenses, vacations, moving and relocation costs, special event expenses, tax fees, baby and adoption expenses, and more.  

To get a list of offers, just fill out a short questionnaire about yourself and your loan needs. Take some time to compare rates and terms, then select the loan offer you like best and chat with an AmOne consultant to better understand your options. If you are approved for a loan, you can get access to your funds in as little as 24 hours. AmOne is free to use and won’t impact your credit score. 

Get Your Rate: AmOne

$5,000
—
$100,000

8.99%
—
25.81%

2 years
—
7 years

GET YOUR RATE Learn More

AmOne is an online financial marketplace that aims to match borrowers with personal loan options that best fit their needs. Loans from it lending partners cater to a wide range of needs and ambitions, including debt consolidation, home improvements, household expenses, business needs, medical expenses, vacations, moving and relocation costs, special event expenses, tax fees, baby and adoption expenses, and more.  

To get a list of offers, just fill out a short questionnaire about yourself and your loan needs. Take some time to compare rates and terms, then select the loan offer you like best and chat with an AmOne consultant to better understand your options. If you are approved for a loan, you can get access to your funds in as little as 24 hours. AmOne is free to use and won’t impact your credit score. 

Get Your Rate: AmOne

$500
—
$100,000

6.24%
—
35.99%

1 year
—
12 years

GET YOUR RATE Learn More

With Bankrate’s personal loan comparison tool, you can get a list of personal loan offers you prequalify for in two minutes or less. Its network of lenders includes some of the most popular today, like Best Egg, Lending Club, and Avant, to name a few. You can explore loan offers for free and without impact on your credit score. 

Get Your Rate: Bankrate

$1,000
—
$50,000

6.70%
—
35.99%

3 years
—
5 years

GET YOUR RATE Learn More

What sets Upstart apart from other lenders is its qualification model. While it uses common factors such as credit scores and debt-to-income ratios to determine eligibility, it also considers non-conventional factors, such as college education, job history, and place of residence. Thanks to its nuanced qualification model, Upstart says borrowers can find 43% lower rates for personal loans. 

Upstart says 99% of funds for approved loans are sent just one business day after signing. It does not charge prepayment fees, and comparing loan offers is free and does not impact your credit score. 

Get Your Rate: Upstart

$600
—
$100,000

5.40%
—
35.99%

1 year
—
7 years

GET YOUR RATE Learn More

With Credible, you can easily get a personalized list of loan options that you prequalify for, allowing you to compare them side-by-side. You can shop for personal loan offers from up to 17 top lenders, including Discover, LendingPoint, SoFi, and more. To date, Credible has saved customers more than $92 million in interest on loans.  

Confident in its ability to help borrowers find the best option for their needs, Credible offers a best-rate guarantee; if you’re able to get approved for a loan elsewhere at a lower rate after using Credible, they’ll give you a $200 gift card. Credible is free to use and using it to compare personal loan rates won’t affect your credit score. Exploring loan options with Credible won’t impact your credit and it’s 100% free. 

Get Your Rate: Credible

$500
—
$10,000

5.99%
—
35.99%

90 days
—
6 years

GET YOUR RATE Learn More

Whether you have excellent credit or poor credit, CashUSA welcomes a wide range of applicants, providing an inclusive environment through its network of lenders. There is no credit score minimum for applying, and borrowers can apply for loan amounts between $500 and $10,000. If you are unable to receive a loan offer from a lender, CashUSA may send you offers for debt relief, credit repair, or other similar services for alternative assistance. If approved for a loan, you will receive your funds by the next business day.  

Dedicated to empowering borrowers with knowledge and resources, CashUSA’s website offers insightful articles, guides, and tools to help you navigate the world of personal finance and make informed decisions. 

Get Your Rate: CashUSA

GET HELP WITH YOUR CREDIT

LEARN MORE

Build Revolving Credit And Savings Simultaneously

• Build revolving credit without a credit card
• Get a $500 revolving credit line reported to Experian, Equifax, and TransUnion for 12 months
• Build utilization with monthly commitment payments, not purchases
• 100% commitment payments build savings
• Change your payment amount each pay cycle as needed for flexibility
• Every third consecutive on-time payment raises your credit limit by $100 up to $1,000
• A higher limit and lower utilization can raise your credit score if spending stays consistent
• Potential Credit Score Lift: An average of 25 points in 3 months and 70 in 12 months with on-time payments
• Fees & Interest: $99/year, no interest charges apply
• Credit Check: No hard credit check

FREQUENTLY ASKED QUESTIONS

What is a personal loan?

A personal loan is an amount of money borrowed from a financial institution that is repaid in equal, monthly payments over a set period of time, typically two to seven years. 

Personal loans are typically unsecured, which means they don’t require collateral. Lenders instead consider your credit profile, income, and debts during the loan approval process. If you fail to repay the loan, you could face fees and penalties and your credit will be negatively impacted.

What can I get a personal loan for?

A personal loan can be used for almost any purpose, which makes them the most flexible category of loans (compared with mortgages, auto loans, and student loans). 

Some lenders are more restrictive than others, but personal loans have been taken out for: 

1. Consolidating higher-interest debt (such as credit cards) 
2. Home improvement projects 
3. Weddings 
4. Travel 
5. Moving costs 
6. Adoption 
7. Fertility and other medical expenses

What interest rate can I expect?

Interest rates vary widely based on your credit score, your debt-to-income ratio, your income, and other factors like the economy. That’s why it’s advisable to check with multiple lenders to do your due diligence to make sure you’re getting the best loan offer possible. 

In general, shorter loan terms tend to have lower interest rates. Furthermore, the better your credit score and credit report, the lower the interest rate you can qualify for. Therefore, securing low-interest rates helps you save money over the duration of the loan. 

Many lenders offer a discount if you authorize your monthly loan payments to be directly withdrawn from your bank account.

What credit score do I need to secure a personal loan?

As is the case with most things involving loans, the higher your credit score, the better. However, there are loan marketplaces (like AmOne) that will help improve your credit score so you can qualify for a personal loan. 

How do I choose the best personal loan?

Do your research! Make sure you’re comparing not only the interest rates offered, but also the terms and conditions for each lender. Check things like origination fees, whether there are penalties for paying the loan back early, and other fees. The goal is to get a loan with low fees and low interest rates.

What are some benefits of personal loans?

Personal loans offer many advantages, including: 

1. Fixed interest rates: Personal loans usually have fixed interest rates, which means you’ll pay it back, at the same rate, over the life of the loan. 
2. Lower interest rates: If you’re looking to pay your credit card debt faster, consider getting a personal loan since the interest rates on personal loans tend to be lower than credit cards. 
3. Faster path to debt payoff: Depending on your credit score, you could get a lower interest rate on a personal loan, then use it to consolidate other types of debt, and pay it all off faster than you would otherwise. 
4. Cover large expenses: A personal loan can help you get what you need to pay for bigger expenses (both expected and unexpected). 
5. Typically unsecured: You don’t usually have to worry about collateral when it comes to a personal loan, which means you don’t need many assets to help you secure the cash you need. 

Which is better: a personal loan or a credit card?

Both credit cards and personal loans offer the borrower flexibility, so it really comes down to what you need. 

A personal loan gives you money right away that you’ll pay off at the same rate for a fixed amount of time, whereas a credit card gives you access to a line of credit that you can borrow from and pay off as you need to.