Wednesday, April 21st
2021 Personal Loan Provider Reviews
SoFi
- Loan: From $5,000 to $100,000
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.
Credible
- Loan: From $1,000 to $100,000
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.
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The 15 Best Personal Loan Providers
Are You in Need of Some Cash?
Historically, borrowers have had limited options for a personal loan. You could ask a family member, a friend, or find a personal finance company that offered fixed-rate loans, typically at exobrtantly high interest rates.
Today, however, finding a personal loan brings several more options to the table. While you can still ask a family member, or get a high-rate loan from a finance company, you can also consider using a social lending network. These networks, also called peer-to-peer loans, generally have much lower overhead and as a result can offer much lower interest rates. They're facilitated by professional companies familiar with this type of lending, to simplify things for all parties.
Personal Loan Provider FAQ
Continued from above...
No matter where you borrow money from, before you get your next personal loan you should consider the following:
- BBB rating. Does the lending company have a solid history of doing good business with its customers?
- Loan size and rate. How much will the lending company offer? What interest rate do they charge their customers?
- Loan application process. When applying for your personal loan, can it be completed online? Is the lending process easy and straightforward?
TopConsumerReviews.com has reviewed and ranked the best online personal loan providers available today. We hope this information helps you find the best loan at an affordable rate that meets your needs!
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