Best Personal Loan Companies for 2020

Personal loans can be used to finance large purchases, consolidate debt, and more. Compare the best personal loan offers from top-rated lending partners and find rates and conditions that work for you.

Best For MULTIPLE OFFERS


Finance made friendly, loans made simple

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  • Min. Credit Score: 580
  • APR: 3.84% – 35.99%
  • Term: 24 – 84 Months
  • Loans up to $100,000
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best for debt consolidation


Compare personalized offers

  • Min. Credit Score: 540
  • APR: 3.99% – 35.99%
  • Term: 3 – 180 Months
  • Loans up to $100,000
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Get Your Personalized Loan in 3 Easy Steps

1

COMPARE TOP LENDERS

View and compare our top lenders. Choose the loan that works for you and complete your application.

2

FIND YOUR RATE

Get pre-qualified online with no hidden fees and no obligation.

3

SIGN ELECTRONICALLY AND RECEIVE YOUR FUNDS

Sign your documents and funds are deposited to your account.

Best for Student Loan Refinancing

Save thousands on your student loans.
You could save money each month—
or pay off your loan faster.



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  • Loan Amount: $1,000 – $100,000
  • APR: 3.84% – 35.99%
  • Loan Term: 24-84 months
  • Min. Credit Score: 620
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Find The Best Loan For You

Personal Loans can be a great alternative to credit cards for large or unexpected expenses. Fast & easy online applications make it simple to get a loan today!

While we’ve listed our top picks above, you may want to consider a loan from one of these other top lenders.




Get approved within minutes

  • Loan Amount: $2,000 – $35,000
  • APR: 9.95% – 35.99%
  • Loan Term: 24 – 60 months
  • Min. Credit Score: 600
  • Administration fee up to 4.75%
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Lots of local branches

  • Loan Amount: $1,500 – $20,000
  • APR: 18.00% – 35.99%
  • Loan Term: 24 – 60 months
  • Min. Credit Score: 450
  • Origination fee varies by state
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Clear fee structure

  • Loan Amount: $5,000 – $35,000
  • APR: 5.99% – 24.99%
  • Loan Term: 24 – 60 months
  • Min. Credit Score: 640
  • Origination fee: up to 5.00%
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Now let us help you. Get started today.

Get started in an online marketplace that provides borrowers with competitive, personalized loan offers from multiple, vetted lenders in real time.

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More on Personal Loans

Compared to the complexity of credit cards, personal loans are much simpler products. You borrow a fixed amount of money for a fixed period of time. In most cases, the interest rate is also fixed. You know the interest rate before you sign the dotted line, and the proceeds are given to you in cash. Personal loans are becoming increasingly popular, because online personal loan companies are making the application process much simpler.

What is a personal loan?

A personal loan is money borrowed from a bank, credit union or online lender that you pay back in fixed monthly installments, typically over two to five years, along with interest. The annual percentage rates on loans from mainstream lenders can range from 5% to 35.99%.

Most 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 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.

For example, if you borrow $5,000 on a 36 month repayment term and at a 10% APR, the monthly repayment will be $161.34. Total repayment will be $5,808.24. Total interest paid will be $808.24.

Compare rates from multiple lenders before choosing. The loan with the lowest APR is the least expensive — and therefore, usually the best choice.