Traditional banks, credit unions, and online lenders offer personal loans, usually varying between $1,000 and $50,000. Some lenders even provide loans up to $100,000. A WorkingCapital survey indicates that over 70% of Americans opt for loans under $20,000. Additionally, the process is swift, with many personal loans being disbursed in just a few business days, ensuring quick access to the funds you require.
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BEST FOR A RANGE OF REPAYMENT TERMS
On Avant's Website
On Avant's Website
580
9.95% to 35.99%
$2,000 to $35,000
BEST FOR LOANS AS LOW AS $1,000
On Upstart's Website
On Upstart's Website
300
5.20% to 35.99%
$1,000 to $50,000
BEST FOR NO INTEREST IF REPAID WITHIN 30 DAYS
On Discover's Website
On Discover's Website
660
7.99% to 24.99%
$2,500 to $40,000
BEST FOR COMPARING MULTIPLE OFFERS
On Universal Credit's Website
On Universal Credit's Website
580
11.69% to 35.99%
$1,000 to $50,000
BEST FOR BAD CREDIT
On Upgrade's Website
On Upgrade's Website
580
8.49% to 35.99%
$1,000 to $50,000
BEST FOR FAST FUNDING & BELOW-AVERAGE CREDIT
On LendingPoint's Website
On LendingPoint's Website
600
7.99% to 35.99%
$2,000 to $36,500
BEST FOR LOW INTEREST RATES
On LightStream's Website
On LightStream's Website
660
7.99% to 25.49%
$5,000 to $100,000
BEST OVERALL PERSONAL LOAN
On Sofi's Website
On Sofi's Website
650
8.99% to 25.81%
$5,000 to $100,000
| Company | Best For | Minimum Credit Score | APR | Loan Amount |
|---|---|---|---|---|
Avant |
Best for a range of repayment terms | 580 | 9.95% to 35.99% | $2,000 to $35,000 |
Upstart |
Best for loans as low as $1,000 | 300 | 5.20% to 35.99% | $1,000 to $50,000 |
Discover |
Best for no interest if repaid within 30 days | 660 | 7.99% to 24.99% | $2,500 to $40,000 |
Universal Credit |
Best for comparing multiple offers | 580 | 11.69% to 35.99% | $1,000 to $50,000 |
Upgrade |
Best for bad credit | 580 | 8.49% to 35.99% | $1,000 to $50,000 |
LendingPoint |
Best for fast funding & below-average credit | 600 | 7.99% to 35.99% | $2,000 to $36,500 |
LightStream |
Best for low interest rates | 660 | 7.99% to 25.49% | $5,000 to $100,000 |
Sofi |
Best overall personal loan | 650 | 8.99% to 25.81% | $5,000 to $100,000 |
As of November 20, 2023, the information provided on personal loan rates and details is current. We frequently update these details, but it’s important to note that the annual percentage rates (APRs) and specific loan features might have changed since the last revision of this page. Remember, certain rates and terms may be exclusively offered by lenders for specific loan objectives. Before submitting your application, make sure to verify the available APRs and loan specifics for your intended loan purpose with your lender.
Consider these tips when comparing personal loans:
