Our reviewers evaluate products and services based on unbiased research. Top Consumer Reviews may earn money when you click on a link. Learn more about our process.
Friday, December 9th
Upstart features extensive artificial intelligence to improve access to credit for borrowers of all types. Looking beyond your credit score makes it more likely you'll be approved for your loan. Thousands of people have used this platform to get personal loans very quickly once approved. For their innovative approach to lending, competitive interest rates, and high customer satisfaction, Upstart earns our highest rating.
LendingClub used to crowdfund all of their personal loans through investors. But, after undergoing some changes, their lending is now structured more like a regular bank. They offer fixed-rate loans with repayment terms of at least 36 months, and recent customer feedback is very positive. You should have a good experience if you choose to get a personal loan here, but we're holding back a higher recommendation while they continue proving out their new structure.
With inflation on the rise and an endless list of possibilities for unexpected expenses - car repairs, visits to the ER, and broken appliances, to name a few - it's no wonder that an increasing number of people are applying for personal loans.
Sound familiar? If you find yourself in need of some cash, you've probably considered borrowing from a friend or relative - but there's no guarantee that your loved ones are in a position to help, and who really wants to ask? Fortunately, you've got options that don't involve an awkward conversation with people you know. There are many lenders that specialize in personal loans ranging from $500 to as much as $100,000, with simple application processes that can be completed 100% online.
What's the catch? There isn't one, as long as you choose your lender carefully. Some providers of personal loans charge excessively high interest rates and offer shorter-than-average terms, making it harder for you to pay it back on time. On the other hand, most reputable sources of personal loans are completely transparent with their interest rates, give repayment terms of up to five years, and won't charge you any fees if you're able to pay off your loan earlier than anticipated.
How can you determine which lender is the best choice for your personal loan? That largely depends on your individual circumstances, but there are several factors to keep in mind as you consider your options. They include the following:
TopConsumerReviews.com has reviewed and ranked the best providers of personal loans available today. We're confident that this information will help you get the money you need, deposited quickly and at the lowest possible rates!
Select any 2 Personal Loans to compare them head to head
Personal loan interest rates continue trending down for 3- and 5-year ...
Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were lower for both 3- and 5-year fixed-rate loans compared to the previous seven days. For ...
Mon, 05 Dec 2022