Top 10 Places to Get a Personal Loan Online

Economic times have been difficult for most of us. It is often difficult to make the salary spread from one pay period to the next. When an unexpected event blows your budget for the month, you may wonder what to do to fill the void. One solution is to take out a personal loan online to help you through the tough times. It is essential to avoid predatory loan providers so as not to pay hundreds of percentage points on small loans. If you need to take out a personal loan online, it is essential to compare interest rates and contact the financial company that offers the most competitive rates. Most people with decent credit scores can save by comparing. Even if you have bad credit, but are employed, there is a loan for you. Here are the top 10 places to get a personal loan online.

10. Achieved

  • Rating: 4.5
  • Minimum credit score: None
  • APR: 5.39-35.99%

Nerd Wallet recommends Upstart for people with bad or no credit. Upstart offers online personal loans from $1,000 to $50,000. It is one of the best options for applicants with a short credit history. This is good for borrowers trying to build their credit. Upon approval, funds may be available within one business day. You can also use this company to consolidate your debts or send direct payment to creditors. You can also choose the repayment date for your loans or change the repayment date. The company charges an assembly fee. You must have a minimum gross income of $12,000 with full-time or part-time employment for 6 months or other regular income. You must be a resident of the United States with a valid mailing address, bank account, and valid email address. Loan terms vary from 3 to 5 years. At 36 months a 5.39% loan will cost you €2,285.74 for €1,000.

9. Lending Club

  • Rating: 4.5
  • Minimum credit score: 600 or higher (good to fair)
  • APR: 6.34-35.89%

Lending Club offers online personal loans to applicants with a credit score of 600 or higher. Loans range from $1,000 to $40,000. The company does a soft credit check when you pre-qualify and offers joint loan options if you have a co-signer. You can change the payment date to the most convenient due date. The company charges a set-up fee and you have two options of repayment duration. Lending Club is a reputable finance company with high ratings in the online personal loan industry.

8. Flow of light

  • Rating: 5.0
  • Minimum credit score: 660 or higher (good or excellent credit)
  • APR: 4.99-19.99%

Lightstream offers loans from $5,000 to $100,000 to people with good or excellent credit. The advantages of Lightstream loans are low interest rates with 0.5% discount for automatic payments and no fees. On the other hand, you must have a credit history of several years with no prequalification option on the website. It does not offer direct payment to creditors for consolidation loans. It is one of the best and cheapest loans for applicants with good to excellent credit.

7. Loan Point

  • Rating: 4.0
  • Minimum credit score: 600 or more
  • AVR: 7.99-35.99%

Lending Point is an online personal loan choice that is recommended for applicants with bad credit who need funds quickly. The interest rate is based on your credit score. The company offers loans ranging from $2,000 to $36,500. They do a credit check after pre-qualification and offer the option to change your payment due date. Funds may appear in your account one day after your loan is approved. The APR is high, so it’s not the best option for applicants with good to excellent credit. It is best for borrowers with bad credit or limited credit history. This company does not participate in co-signed or joint loans.

6. Find out

  • Rating: 4.3
  • Minimum Credit Score: Not listed on website
  • AVR: 5.99-24.99%

Investopedia recommends Find out as the best online personal loan provider for debt consolidation. The APR is reasonable compared to other online personal loans and you can receive your funds as soon as a day after approval. The company provides loans from $2,500 to $35,000. They advertise that the apps have no impact on your credit rating, so we assume they have no influence on your credit rating. They do not charge origination fees or administrative fees and they send payments to creditors on your behalf or deposit funds in your bank account. Loan terms range from 36 to 84 months.

5. Upgrade

  • Rating: 4.3
  • Minimum credit score: 550
  • APR: 5.94-35.97%

Upgrade is a lender that provides personal loans online to people with bad credit, who have a minimum credit score of 55 or higher. Loan amounts range from $1,000 to $50,000. The APR is based on your credit score. The company charges an origination fee of between 2.9 and 8% of the loan amount, but offers discounts for automatic payment. They also offer direct payment to creditors. Most loan funds are released within a day of loan approval.

4. Rocket Loans

  • Rating: 4.2
  • Minimum credit score: 580
  • AVR: 5.97-29.99%

Rocket Loans offers loans to applicants with a secure monthly source of income and a minimum credit score of 580. Loans of $2,000 to $45,000 are available, with most loan funds approved being released on same day. Rocket Loans are available to applicants in most states. The company charges origination fees of between 1 and 6% of the loan and does not send funds directly to creditors. They don’t offer a co-signer or joint program, but they are one of the fastest lending companies for those with bad to excellent credit.

3. Loans below 36%

  • Rating: 4.8
  • Minimum credit score: None
  • AVR: 5.99-35.99%

Loans Under 36% is a lending company that provides online personal loans to people with bad credit, limited credit history or those with excellent credit at competitive rates. The loans offered are based on personal income and can be up to $35,000. Borrowers can choose from loan terms between 3 to 72 month repayment plans, depending on the loan amount.

2. Loan Tree

  • Rating: 4.6
  • Minimum credit score: 350
  • APR: 2.49-35.55%

Top 10 Personal Loans recommends Lending Tree as one of the best loan providers compared to the sea of ​​lenders in the financial market. They are a lender that helps borrowers with bad to excellent credit, offering the most competitive rates based on credit history. Borrowers can choose from loan amounts up to $50,000 based on personal income with loan terms from 12 to 144 months. The company offers online personal loans to eligible individuals.

1. Credible

  • Rating: 4.9
  • Minimum credit score: 600
  • APR: 3.49-35.99%

Credible offers loans up to $100,000 for applicants with a stable source of income and a minimum credit score of 600 or higher. Submit a request to receive multiple offers from lenders. Loan terms range from 12 to 84 months. Interest rates are competitive and best for those with excellent credit ratings. Loans taken out through Credible do not affect your credit score. The application process is simple and upon approval, funds are released within 24 hours.

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