Last Updated September 2023
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DESCRIPTION
LendingClub offers personal loans for people looking to consolidate their debt, small business owner...
FEATURES
- Most Convenient for - People with average credit, those who want to consolidate debt
- Interest rates - Range 8.46% - 20.74%. For prime borrowers and 15.54% - 30.99% for Near prime borrowers
- Loan Amounts - Up to $40,000
- Funding time - Loans processed within a week
- Repayment Period - Three to Five years
Pros
- It has the option of joint loan options
- It offers direct payment to creditors with debt consolidation loans
- Can change the loan payment date
- Can access loans of $1,000 and more
- Borrowers can qualify with fair to excellent credit
DESCRIPTION
Credible is a loan service that allows borrowers to check different lenders for various loans, inclu...
FEATURES
- Most Convenient for - people looking to compare different loans
- Interest rates - Between 2.49% and 35.99%
- Loan Amounts - $1,000 to $100,000
- Funding time - Three weeks
- Credit score - 600
Pros
- Has over one hundred lenders
- It does not affect credit score
- Free to access and use
- Option of co-signed loans available
DESCRIPTION
Figure is a lender that specializes in offering home equity lines of credit (HELOCs). In as little a...
FEATURES
- Most Convenient for - Borrowers looking for home equity loans
- Interest rates - Starting at 3.00% APR (with autopay and Credit Union Membership)
- Loan Amounts - $15,000 to $250,000
- Funding time - Five days
- Repayment Period - 620
Pros
- It has high loan limits of up to $250,000
- It does not charge appraisal fees, annual maintenance fees, or prepayment penalties
- Competitive interest rates
- Funding is fast, and you can get the loan in five days
DESCRIPTION
SoFi, short for social finance, is a financial management service best known for offering student lo...
FEATURES
- Most Convenient for - Students loans refinancing
- Interest rates - between 4.99% to 18.13% (with autopay)
- Loan Amounts - $5,000 to $100,000
- Funding time - Six to Fifteen business days
- Repayment Period - 680
Pros
- Can start investing with any amount
- No fees charged for account or trading and EFT and low fees to own funds
- Access to Certified Financial Planners at no extra charge
- Cryptocurrency trading available
- Flexible loan terms
- Fully digital, which is convenient
DESCRIPTION
LendingTree is designed to help you compare different financial services and loans, including mortga...
FEATURES
- Most Convenient for - Borrowers who need to compare various loan products
- Interest rates - 7.04% to 35.89%
- Loan Amounts - $1,000 to $40,000
- Funding time - 1 business day
- Credit score - 560 - 750
Pros
- Free sign-up
- Comparing lending offers does not affect credit
- Can access appropriate loans based on your need
- Have joint borrower option
- No prepayment penalty
DESCRIPTION
If you're in search of versatile personal loan options that cater to a range of financial requiremen...
FEATURES
- Best For - Individuals seeking flexible personal loan solutions to meet diverse financial needs
- Rating - 4.4/5
Pros
- Diverse range of personal loan options, accommodating various financial situations
- Transparent terms and competitive interest rates
- Efficient online application process
- Responsive customer support
- Flexible repayment plans
Personal loans are available from different lenders, including traditional banks, online lending platforms, and credit unions. You can use them to help bridge the gap in your budget and take care of expenses such as renovation projects. You can also use personal loans to consolidate your debt because their interest rate is lower than credit cards.
Advertisers and marketers have flooded this internet with tons of Personal Loans that claim to be the best. It can be hard to know which one is the best out of all those options. This article will give you a list of 9 Personal Loans so you can make an educated decision before choosing what’s right for you.