The Best Personal Loan Providers

Wednesday, April 14th

2021 Personal Loan Provider Reviews

SoFi

SoFi (pronounced "SEW-fi", as in "SOcial FInance") is one of the newest sources of personal loans on the market. Their straightforward application process, user-friendly website, and lack of fees make them a very strong contender. We were especially impressed by their unemployment protection feature, which can allow members to suspend repayments on a loan when they lose their jobs. SoFi is a great lender to consider if you're looking for a personal loan.

Upstart

Upstart is a professional and organized social lending platform focused on helping people achieve their financial goals. Their loan process is quick and efficient and considers many factors including your education, job history, and credit score. With a solid reputation for success, customers can find answers to many of their financial questions because the site clearly describes how their loans work. They also provide education for those seeking guidance for future financial endeavors.

LendingTree

While LendingTree does not fund loans itself, it does connect borrowers with a wide range of potential lenders and allows customers to negotiate directly with those lenders if they wish. Many of those lenders work with those people who have less-than-perfect credit, making LendingTree a great one-stop shop for researching the best loan for every kind of borrower.

Credible

If you'd like to compare rates across multiple lenders with a single application, Credible is a great resource for personal loans. While that kind of one-stop shopping saves you some time, you'll still need to research each lender and read your loan terms carefully. Credible has a strong reputation and gets high marks from customers. Ultimately your personal loan will be funded through a third-party lender, so you'll still need to look at your offers carefully.

LendingClub

LendingClub is a recognized leader in the social lending market, which is an alternative to traditional lender-based institutions. They're reliable and do a great job of bringing together lenders and those who want an affordable loan, anywhere from $1,000 to $40,000.

Avant

Avant's newer history as a lending platform may make them less attractive to some prospective customers. However, this online lending platform's lack of loan prepayment fees is worth noting, as well as customer service availability 7 days a week. Loans can range from $2,000-$35,000, with funding as soon as the next business day*. For borrowers looking for a fast turnaround time, Avant may be the ideal choice.

100 Lenders

100 Lenders is a service that connects borrowers with a network of financial institutions who provide personal loans. The application process is quick and basic, and numerous customer reviews praise the service received when taking out a personal loan from a 100 Lenders partner.

Prosper

Prosper provides a simple lending process and a website that's easy to navigate. Loan rates can range a little higher at Prosper but, if you are in the market for a $2,000 to $40,000 loan Prosper is worth your consideration.

Even

Even is one of several services that let you prequalify for personal loans from multiple lenders with one easy application online. This service has 10 lending partners in their network, making it possible to get up to $100,000. However, Even seems to require you to provide much more personal information to even see what you might be eligible to receive, without giving you a similar degree of details about their company or how they operate. You'll probably get better service with a higher-ranked provider of personal loans.

NetCredit

NetCredit is a subsidiary of a major financial lending company and specializes in unsecured personal loans between $1000 and $10,000. The process of completing an application is online and easy to follow. NetCredit works with customers with varying credit scores and looks at more than just credit history to either accept or deny a loan. The biggest downside to working with NetCredit is that they only currently service a handful of States.

Personal Loans

Personal Loans serves as a liaison between customers wanting personal loans and available lenders willing to assist. Customers will find three different loan types at this well-organized website along with flexible payment options and the choice to borrow up to $35,000. Our only challenge with reviewing Personal Loans was finding any substantial history or reliability information.

OneMain Financial

OneMain Financial brings to the table a strong BBB rating and a long history of doing business. However, their personal loan rates can be expensive. While OneMain is a dependable company that you can count on, you many be able to save some money with a higher ranked lender.

LifeLoans

If you're looking for a personal loan directly from a lender, LifeLoans will not be on your list. As a borrower-lender matching service, they specialize in pairing applicants with lending companies - although they can't accept applications for loans from residents of 4 states.

Leap Credit

Leap Credit offers personal loans of up to approximately $3,500 but is only authorized to operate in 10 states. However, even if you live in one of those locations, you'll probably want to avoid this lender: with interest rates of as much as 800%, hundreds of complaints from consumers, and a customer service team that's practically nonexistent, Leap Credit is one of the last places we would turn to get help in a difficult financial situation.

Better Loans Mutual

Better Loans Mutual operates as a referral service, matching prospective auto loan customers to lenders. However, with no positive reviews and a discrepancy between the information on the site and the provided toll-free number, we can't recommend that you provide them with your contact details. We recommend you look at our higher-ranked sources of personal loans.