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The 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.

Wednesday, April 14th

2021 Personal Loan Provider Reviews

SoFi Review TopConsumerReviews.com Best-In-Class Blue Ribbon Award 5 Star Rating

SoFi

5 Star Rating TopConsumerReviews.com Best-In-Class Blue Ribbon Award

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 Review 4.5 Star Rating

Upstart

4.5 Star Rating

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 Review 4.5 Star Rating

LendingTree

4.5 Star Rating

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 Review 4 Star Rating

Credible

4 Star Rating

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 Review 4 Star Rating

LendingClub

4 Star Rating

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 Review 4 Star Rating

Avant

4 Star Rating

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 Review 4 Star Rating

100 Lenders

4 Star Rating

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 Review 3.5 Star Rating

Prosper

3.5 Star Rating

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 Review 3.5 Star Rating

Even

3.5 Star Rating

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 Review 3.5 Star Rating

NetCredit

3.5 Star Rating

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 Review 3.5 Star Rating

Personal Loans

3.5 Star Rating

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 Review 3.5 Star Rating

OneMain Financial

3.5 Star Rating

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 Review 2 Star Rating

LifeLoans

2 Star Rating

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 Review 1 Star Rating

Leap Credit

1 Star Rating

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 Review 1 Star Rating

Better Loans Mutual

1 Star Rating

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.

Compare the Best Reviews

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!

The Best Personal Loan Providers Compare Personal Loan Providers Compare Personal Loan Provider Reviews What are the best Personal Loan Providers Best Personal Loan Provider Reviews

Personal Loan Provider FAQ

Any way you like! Personal loans typically don't come with restrictions on how they're used. Paying off high-interest credit cards, splurging on a luxury item you've always wanted, taking a much-needed family vacation: you can use your personal loan for all of that and more.
Most banks and credit unions offer personal loans, but your financial institution might not offer the most competitive rates. There are many lesser-known sources that want to earn your business with lower APRs and more personalized attention over the life of the loan.
That depends on a number of factors, such as your credit history and income. It's definitely worth shopping around, just like you would when buying a car or other big-ticket item. Consider using a service that allows you to get loan offers from multiple lenders with a single application: that will make it more likely that you'll get the best possible rate and terms on your personal loan.
When you're making an initial inquiry to see if you qualify for a personal loan, it usually involves a "soft pull" on your credit - verifying your identity, credit score, and current debts. That will not lower your credit score. However, if you take the next step and apply for a specific loan, expect that your credit score may dip a (but only temporarily).
Most lenders allow you to complete the process online, from beginning to end. That's a big perk for people who can't get to a brick-and-mortar bank during regular business hours.
Personal loans are available in amounts ranging from $100 to $100,000. Before you get too excited and start planning how you'll spend the money, keep in mind that the amount you'll actually be approved for depends on your financial situation. The higher your credit score and the lower your outstanding debts, the more likely it is that you will qualify for a bigger loan.
The application process can be extremely fast: some lenders can approve your loan in just a few minutes. Once you accept a personal loan offer, most providers will direct deposit the funds within 1-5 business days.
As with any kind of loan, it's important to keep track of the details: don't borrow more money than you can comfortably repay, make on-time payments every month, and communicate with your lender if unforeseen circumstances arise (e.g. unemployment, natural disaster, disability) and you need forbearance or other accommodations. It's also wise to check out the reputation of the lender: reviews from previous clients and a rating from the Better Business Bureau can be very informative as you decide which provider to use for your personal loan.

Compare Personal Loan Providers

Select any 2 Personal Loan Providers to compare them head to head

best-personal-loans
  • SoFi
  • Upstart
  • LendingTree
  • Credible
  • LendingClub
  • Avant
  • 100 Lenders
  • Prosper
  • Even
  • NetCredit
  • Personal Loans
  • OneMain Financial
  • LifeLoans
  • Leap Credit
  • Better Loans Mutual
SoFi vs Upstart SoFi vs LendingTree SoFi vs Credible SoFi vs LendingClub SoFi vs Avant SoFi vs 100 Lenders SoFi vs Prosper SoFi vs Even SoFi vs NetCredit SoFi vs Personal Loans SoFi vs OneMain Financial SoFi vs LifeLoans SoFi vs Leap Credit SoFi vs Better Loans Mutual Upstart vs LendingTree Upstart vs Credible Upstart vs LendingClub Upstart vs Avant Upstart vs 100 Lenders Upstart vs Prosper Upstart vs Even Upstart vs NetCredit Upstart vs Personal Loans Upstart vs OneMain Financial Upstart vs LifeLoans Upstart vs Leap Credit Upstart vs Better Loans Mutual LendingTree vs Credible LendingTree vs LendingClub LendingTree vs Avant LendingTree vs 100 Lenders LendingTree vs Prosper LendingTree vs Even LendingTree vs NetCredit LendingTree vs Personal Loans LendingTree vs OneMain Financial LendingTree vs LifeLoans LendingTree vs Leap Credit LendingTree vs Better Loans Mutual Credible vs LendingClub Credible vs Avant Credible vs 100 Lenders Credible vs Prosper Credible vs Even Credible vs NetCredit Credible vs Personal Loans Credible vs OneMain Financial Credible vs LifeLoans Credible vs Leap Credit Credible vs Better Loans Mutual LendingClub vs Avant LendingClub vs 100 Lenders LendingClub vs Prosper LendingClub vs Even LendingClub vs NetCredit LendingClub vs Personal Loans LendingClub vs OneMain Financial LendingClub vs LifeLoans LendingClub vs Leap Credit LendingClub vs Better Loans Mutual Avant vs 100 Lenders Avant vs Prosper Avant vs Even Avant vs NetCredit Avant vs Personal Loans Avant vs OneMain Financial Avant vs LifeLoans Avant vs Leap Credit Avant vs Better Loans Mutual 100 Lenders vs Prosper 100 Lenders vs Even 100 Lenders vs NetCredit 100 Lenders vs Personal Loans 100 Lenders vs OneMain Financial 100 Lenders vs LifeLoans 100 Lenders vs Leap Credit 100 Lenders vs Better Loans Mutual Prosper vs Even Prosper vs NetCredit Prosper vs Personal Loans Prosper vs OneMain Financial Prosper vs LifeLoans Prosper vs Leap Credit Prosper vs Better Loans Mutual Even vs NetCredit Even vs Personal Loans Even vs OneMain Financial Even vs LifeLoans Even vs Leap Credit Even vs Better Loans Mutual NetCredit vs Personal Loans NetCredit vs OneMain Financial NetCredit vs LifeLoans NetCredit vs Leap Credit NetCredit vs Better Loans Mutual Personal Loans vs OneMain Financial Personal Loans vs LifeLoans Personal Loans vs Leap Credit Personal Loans vs Better Loans Mutual OneMain Financial vs LifeLoans OneMain Financial vs Leap Credit OneMain Financial vs Better Loans Mutual LifeLoans vs Leap Credit LifeLoans vs Better Loans Mutual Leap Credit vs Better Loans Mutual
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