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Best personal loans in December 2023

Written by Amanda Push | Edited by Katie Lowery | Reviewed December 4, 2023

How Does LendingTree Get Paid?

User ratings	APR range	Loan terms	Loan amounts	Min. credit score	Best for...
(16,141) User Ratings & Reviews Ratings and reviews are from real consumers who have used the lending partner’s services.	6.40% - 35.99%	36 and 60 months	$1,000 - $50,000	300	Building credit	View Personalized Offers
(3,635) User Ratings & Reviews Ratings and reviews are from real consumers who have used the lending partner’s services.	6.99% - 35.99%	24 to 60 months	$2,000 - $50,000	560	Applicants with low credit scores	View Personalized Offers
(1,593) User Ratings & Reviews Ratings and reviews are from real consumers who have used the lending partner’s services.	7.99% - 24.99%	36 to 84 months	$5,000 - $40,000	720	No origination fees	View Personalized Offers
(222) User Ratings & Reviews Ratings and reviews are from real consumers who have used the lending partner’s services.	7.49% - 25.49% *with autopay	24 to 144 months	$5,000 - $100,000	Not specified	Applicants with excellent credit	View Personalized Offers
(5,011) User Ratings & Reviews Ratings and reviews are from real consumers who have used the lending partner’s services.	8.99% - 35.99%	24 to 60 months	$5,000 - $50,000	620	Same day credit approval	View Personalized Offers
(1,952) User Ratings & Reviews Ratings and reviews are from real consumers who have used the lending partner’s services.	7.99% - 35.99%	24 to 72 months	$2,000 - $36,500	660	Mid-sized expenses	View Personalized Offers
(14) User Ratings & Reviews Ratings and reviews are from real consumers who have used the lending partner’s services.	8.49% - 17.99%	12 to 60 months	$600 - $50,000	700	Small loan amounts	View Personalized Offers
(2,154) User Ratings & Reviews Ratings and reviews are from real consumers who have used the lending partner’s services.	8.49% - 35.99% *with autopay	24 to 84 months	$1,000 - $50,000	580	Flexible loan term durations	View Personalized Offers
(96) User Ratings & Reviews Ratings and reviews are from real consumers who have used the lending partner’s services.	8.99% - 25.81% *with discounts	24 to 84 months	$5,000 - $100,000	680	Overall experience	View Personalized Offers
(2,422) User Ratings & Reviews Ratings and reviews are from real consumers who have used the lending partner’s services.	8.99% - 35.99%	36 to 60 months	$2,000 - $50,000	600	Secured and unsecured loan options	View Personalized Offers
(6,627) User Ratings & Reviews Ratings and reviews are from real consumers who have used the lending partner’s services.	9.57% - 35.99%	24 to 60 months	$1,000 - $40,000	600	Applying with a co-borrower	View Personalized Offers
(2,682) User Ratings & Reviews Ratings and reviews are from real consumers who have used the lending partner’s services.	9.95% - 35.95%	12 to 60 months	$2,000 - $35,000	580	Fast loan funding	View Personalized Offers
(152) User Ratings & Reviews Ratings and reviews are from real consumers who have used the lending partner’s services.	11.72% - 24.67%	24 to 60 months	$5,000 - $40,000	640	Refinancing credit card debt	View Personalized Offers
(23) User Ratings & Reviews Ratings and reviews are from real consumers who have used the lending partner’s services.	11.96% - 24.91%	36 to 120 months	$20,000 - $200,000	660	Large loan amounts	View Personalized Offers
(14) User Ratings & Reviews Ratings and reviews are from real consumers who have used the lending partner’s services.	14.10% - 35.99%	24 to 60 months	$3,500 - $40,000	680	Consolidating debt	View Personalized Offers

Read more about how we chose our picks for best personal loan lenders.

What do people think about LendingTree?

Shereen Cantu

Super quick and easy. I signed up and applied for a loan Friday and money was in my account Tuesday morning. Probably would’ve been sooner if not for the weekend. This will help me so much in consolidating a few bills while being a lower payment per month. 😊

Gary Morris

I was very apprehensive at first going online to search for a loan. But with LendingTree everything went smoothly and all the paperwork was very simple to fill out. Thank you very much for helping us out!

Jean Conroy

This was the most enjoyable loan application and finalization I have ever been exposed to. Great company. I was in a bind and they came thru with flying colors and extremely quickly. Website was easy to follow as were the instructions and emails.

Vince Hawkins

I was able to close the deal at home on my cellphone. I felt comfortable and my shopping was guided for me. So easy. Thanks

Lavone Dickson

It was quick and easy. The loan person was clear and very informative. Everything went exactly the way she said it would. THANK YOU!

Personal loan lenders at a glance

Best for building credit


APR range	6.40% - 35.99%
Loan amounts	$1,000 - $50,000
Term (months)	36 and 60
Origination fee	0.00% - 12.00%
Min. credit score	300

Pros	Cons
Competitive interest rates (starting at 6.40%) May receive funds in one business day May work with low-credit borrowers	High maximum interest rate (35.99%) Limited repayment terms (36 and 60 months) Charges origination fees (0.00% - 12.00%)

Pros

Cons

Competitive interest rates (starting at 6.40%)

May receive funds in one business day

May work with low-credit borrowers

High maximum interest rate (35.99%)

Limited repayment terms (36 and 60 months)

Charges origination fees (0.00% - 12.00%)

What to know

Upstart is a worthwhile option for applicants with thin or not-great credit files. It sometimes stamps approval for borrowers who are credit invisible or don’t have long enough credit histories to have a credit score. If you want to add to your credit report, you can use a personal loan to build credit — as long as you consistently make your payments on time. However, you may get stuck with an origination fee of up to 12.00% — much higher than what other lenders charge. Plus, Upstart only offers two repayment duration terms: 36 and 60 months. Certain states have higher minimum borrowing amounts; for example, borrowers in Massachusetts must borrow a minimum of $7,000.

Eligibility requirements

To receive a personal loan from Upstart, you’ll need to fit the following criteria:

Be a U.S. citizen or permanent resident living in the U.S.
Be at least 18 years old
Have a consistent income such as a full-time job or one that starts in six months

Best for applicants with low credit scores


APR range	6.99% - 35.99%
Loan amounts	$2,000 - $50,000
Term (months)	24 to 60
Origination fee	1.00% - 7.99%
Min. credit score	560

Pros	Cons
Allows for co-applicants Flexible loan amounts ($2,000 - $50,000) No prepayment penalties	Charges an origination fee (1.00% - 7.99%) Funding may take up to three days Not available in Iowa or West Virginia

Pros

Cons

Allows for co-applicants

Flexible loan amounts ($2,000 - $50,000)

No prepayment penalties

Charges an origination fee (1.00% - 7.99%)

Funding may take up to three days

Not available in Iowa or West Virginia

What to know

With a straightforward “check your rate” option, Prosper is worth consideration among borrowers who don’t have excellent credit and want to use a co-borrower. While this lender can provide funding within one business day, it can take up to three, depending on your bank. You may also have to pay a 1.00% - 7.99% origination fee when taking out a Prosper personal loan. Read our full Prosper review.

Eligibility requirements

To receive a personal loan from Prosper, you and your co-applicant (if you have one) will need to meet the following eligibility requirements:

Be a U.S. citizen
Have a personal bank account
Have a Social Security number
Can’t live in Iowa or West Virginia

Best for no origination fees


APR range	7.99% - 24.99%
Loan amounts	$5,000 - $40,000
Term (months)	36 to 84
Origination fee	No origination fee
Min. credit score	720

Pros	Cons
Funding within one business day after loan acceptance Competitive interest rates No origination fees	Low maximum borrowing amount Borrowers with low credit may not qualify Doesn’t offer joint applications

Pros

Cons

Funding within one business day after loan acceptance

Competitive interest rates

No origination fees

Low maximum borrowing amount

Borrowers with low credit may not qualify

Doesn’t offer joint applications

What to know

If you are looking to consolidate debt, you may find that Discover offers lower rates than your credit cards or other personal loan lenders. Discover can also pay your original creditors directly if you take out a debt consolidation loan. You can get your loan within one business day of closing and avoid paying an origination fee. However, Discover personal loans only go up to $40,000 — so if you’re looking for a large personal loan, you may want to look at lenders that offer higher amounts. Read our full Discover review.

Eligibility requirements

To receive a personal loan from Discover, you’ll need to follow these requirements:

Minimum individual or household annual income of $25,000
Be a U.S. citizen or permanent resident
Verify household income and employment history
Have a verifiable bank account
Provide creditor information for debt consolidation loans

Best for applicants with excellent credit


APR range	7.49% - 25.49%* with autopay
Loan amounts	$5,000 - $100,000**
Term (months)	24 to 144*
Origination fee	No origination fee
Min. credit score	Not specified

**While LightStream offers loans up to $100,000, LendingTree marketplace customers may not receive offers at this maximum loan amount.

Pros	Cons
Doesn’t charge any fees Large maximum loan amounts ($100,000) Competitive interest rates (7.49% - 25.49%)	Doesn’t offer prequalification May not use funds for education or business purposes Those with low credit scores won’t qualify

Pros

Cons

Doesn’t charge any fees

Large maximum loan amounts ($100,000)

Competitive interest rates (7.49% - 25.49%)

Doesn’t offer prequalification

May not use funds for education or business purposes

Those with low credit scores won’t qualify

What to know

LightStream doesn’t specify its exact personal loan requirements, but it’s clear that you’ll need to have a robust credit score and history to qualify. This lender is a no-fee personal loan company that offers same-day funding. LightStream also offers a rate discount if you sign up for autopay, and backs its personal loans with a Loan Experience Guarantee. Unlike many personal loan companies, however, LightStream does not allow consumers to check if they prequalify. Instead, if you want to see your potential rates and terms, you’ll have to submit to a hard credit pull, which can cause your credit score to go down. Read our full LightStream review.

Eligibility requirements

LightStream doesn’t offer specifics on its personal loan requirements; however, you will need a high credit score to be eligible.

*Your loan terms, including APR, may differ based on loan purpose, amount, term length, and credit profile. Excellent credit is required to qualify for lowest rates. Rate is quoted with AutoPay discount. AutoPay discount is only available prior to loan funding. Rates without AutoPay are 0.50% points higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice. Payment example: Monthly payments for a $10,000 loan at 5.99% APR with a term of 3 years would result in 36 monthly payments of $304.17. Truist Bank is an Equal Housing Lender. © 2023 Truist Financial Corporation. Truist, LightStream, and the LightStream logo are service marks of Truist Financial Corporation. All other trademarks are the property of their respective owners. Lending services provided by Truist Bank.

Best for same day credit approval


APR range	8.99% - 35.99%
Loan amounts	$5,000 - $50,000
Term (months)	24 to 60
Origination fee	1.99% - 6.99%
Min. credit score	620

Pros	Cons
Competitive interest rates (8.99% - 35.99%) Same-day credit approval Offers multiple interest rate discount options	High minimum borrowing amount of $5,000 May take up to 72 hours to receive funds after approval Charges origination fee of 1.99% - 6.99%

Pros

Cons

Competitive interest rates (8.99% - 35.99%)

Same-day credit approval

Offers multiple interest rate discount options

High minimum borrowing amount of $5,000

May take up to 72 hours to receive funds after approval

Charges origination fee of 1.99% - 6.99%

What to know

Achieve is known for its same-day credit approval decisions and multiple interest rate discounts. This lender offers a discount if you have a co-borrower, retirement assets or allow Achieve to pay your creditors directly if you get a debt consolidation loan. However, this lender’s high minimum borrowing amount of $5,000 may not make it the ideal option for borrowers looking for small personal loans. You’ll also need to pay an origination fee, which can range from 1.99% to 6.99% of your loan balance. Read our full Achieve review.

Eligibility requirements

Other than Achieve‘s minimum credit score requirement, you’ll also have to offer this lender:

Proof of income
Social Security number
Proof of identity
Employment status

Best for mid-sized expenses


APR range	7.99% - 35.99%
Loan amounts	$2,000 - $36,500
Term (months)	24 to 72
Origination fee	0.00% - 10.00%
Min. credit score	660

Pros	Cons
May receive funds within one business day of approval Flexible loan terms (24 to 72 months) No prepayment penalties	Charges an origination fee of 0.00% - 10.00% Low maximum loan amount ($36,500) Not available in Nevada or West Virginia

Pros

Cons

May receive funds within one business day of approval

Flexible loan terms (24 to 72 months)

No prepayment penalties

Charges an origination fee of 0.00% - 10.00%

Low maximum loan amount ($36,500)

Not available in Nevada or West Virginia

What to know

With more accessible eligibility requirements, LendingPoint may be best for borrowers with less-than-stellar credit who need small loans to be repaid on a faster timetable. Because of its low maximum loan amount, this lender may also be best for those looking to make small to mid-sized purchases. While there are no application or prepayment fees, you could be charged a hefty origination fee — up to 10.00% — depending on your home state. In addition, LendingPoint doesn’t offer joint or cosigner loans. Read our full LendingPoint review.

Eligibility requirements

If you want to qualify for a loan with LendingPoint, you’ll need to meet the following criteria:

Must be at least 18 years old
Must provide government-issued form of photo ID
Must have a Social Security number
Must have income of at least $40,000
Must have a verifiable personal bank account
Must not live in Nevada or West Virginia

Best for small loan amounts


APR range	8.49% - 17.99%
Loan amounts	$600 - $50,000
Term (months)	12 to 60
Origination fee	None
Min. credit score	700

Pros	Cons
Doesn’t charge origination fees Low borrowing amounts ($600) Option to apply with a co-applicant	Will need to become credit union member Charges a late payment fee Isn’t clear about some of its eligibility criteria

Pros

Cons

Doesn’t charge origination fees

Low borrowing amounts ($600)

Option to apply with a co-applicant

Will need to become credit union member

Charges a late payment fee

Isn’t clear about some of its eligibility criteria

What to know

PenFed Credit Union offers the smallest loan amounts out of our top personal loan picks. It stands out for its wide range of borrowing options as well as competitive APRs (8.49% – 17.99%) that are much lower than what some competitors offer. Further, PenFed also doesn’t nickel and dime its borrowers with application or origination fees. And while its eligibility requirements may be unclear, customers are allowed to prequalify without affecting their credit score. Read our full PenFed Credit Union review.

Eligibility requirements

PenFed isn’t transparent about several aspects of its personal loan eligibility requirements; however, this lender may look at credit score, repayment history and income.

Best for flexible loan term durations


APR range	8.49% - 35.99%* with autopay
Loan amounts	$1,000 - $50,000
Term (months)	24 to 84
Origination fee	1.85% - 9.99%
Min. credit score	580

Pros	Cons
Low credit score requirement Loan terms up to 84 months May receive funds within one business day of approval	Origination fee as high as 9.99% High maximum APR of up to 35.99%

Pros

Cons

Low credit score requirement

Loan terms up to 84 months

May receive funds within one business day of approval

Origination fee as high as 9.99%

High maximum APR of up to 35.99%

What to know

With fast funding and loan terms up to 84 months, Upgrade may be an attractive option for those looking for a quick loan with long repayment terms. This lender also has a low credit score requirement, which may make it easier for those with poor credit to qualify. Keep in mind that if you take out an Upgrade personal loan, you may have to pay an origination fee up to 9.99% of your loan amount — much higher than what some lenders may charge. Read our full Upgrade review.

Eligibility requirements

Aside from its 580 credit score requirement, Upgrade also specifies that consumers will need to meet the following criteria:

Must be at least 18 years old
Must be a U.S. citizen, permanent resident or living in the U.S. with valid visa
Must verify your bank account
Must have a valid email

Best for overall experience


APR range	8.99% - 25.81%* with autopay
Loan amounts	$5,000 - $100,000*
Term (months)	24 to 84
Origination fee	0.00% - 6.00%
Min. credit score	680

*While SoFi offers loans up to $100,000, LendingTree marketplace customers may not receive offers at this maximum loan amount.

Pros	Cons
Doesn’t charge borrowers any required fees May receive funds same day as approval Loan amounts as high as $100,000	Those with low credit may not qualify No physical branches High minimum loan amount ($5,000)

Pros

Cons

Doesn’t charge borrowers any required fees

May receive funds same day as approval

Loan amounts as high as $100,000

Those with low credit may not qualify

No physical branches

High minimum loan amount ($5,000)

What to know

Overall, SoFi offers the most beneficial options for borrowers — these include a wide range of borrowing amounts and repayment terms, highly competitive APRs, no required fees, clear borrowing requirements and unique perks. In particular, SoFi provides an unemployment protection program that helps you stay current on your debt, and can temporarily alter your payments while you search for a job. This lender also offers same-day funding. Read our full SoFi review.

Eligibility requirements

SoFi requires that you have some kind of consistent income. Borrowers must be employed (or at least have a job offer to start within 90 days) or receive income from other sources. U.S. citizens, permanent residents and nonpermanent residents may apply.

Best for secured and unsecured loan options


APR range	8.99% - 35.99%
Loan amounts	$2,000 - $50,000
Term (months)	36 to 60
Origination fee	0.99% - 8.99%
Min. credit score	600

Pros	Cons
Competitive interest rates (8.99% - 35.99%) Flexible loan amounts of $2,000 - $50,000 Funding within 24 hours after loan approval	Not available in Iowa, Vermont, West Virginia or the District of Columbia Charges an origination fee of 0.99% - 8.99% 700 credit score and income of over $100,000 required for lowest APR

Pros

Cons

Competitive interest rates (8.99% - 35.99%)

Flexible loan amounts of $2,000 - $50,000

Funding within 24 hours after loan approval

Not available in Iowa, Vermont, West Virginia or the District of Columbia

Charges an origination fee of 0.99% - 8.99%

700 credit score and income of over $100,000 required for lowest APR

What to know

Best Egg customers can receive their personal loan funds within 24 hours after they’re approved. On top of that, this lender’s low credit score requirement may make it easier for borrowers with little or poor credit to access a personal loan. Best Egg also offers consumers the option to pick between a secured or unsecured loan. This lender does not offer loans in Iowa, Vermont, West Virginia, the District of Columbia or the U.S. territories — you should keep geographic availability in mind before you get too far along with any lender. Read our full Best Egg review.

Eligibility requirements

To qualify for a loan with Best Egg, you must meet the following requirements:

Must be a U.S. citizen or permanent resident living in the U.S.
Must be of legal age to accept a loan
Must have a verifiable personal checking account and email
Must have a physical address (no post office boxes)
Must not live in Iowa, Vermont, West Virginia, the District of Columbia, or U.S. Territories

Best for applying with a co-borrower


APR range	9.57% - 35.99%
Loan amounts	$1,000 - $40,000
Term (months)	24 to 60
Origination fee	3.00% - 8.00%
Min. credit score	600

Pros	Cons
Option to file a joint application Small loan amounts available Can pay old creditors directly with debt consolidation loans	High maximum APR of 35.99% Charges origination fee of 3.00% - 8.00% Funding can take several days

Pros

Cons

Option to file a joint application

Small loan amounts available

Can pay old creditors directly with debt consolidation loans

High maximum APR of 35.99%

Charges origination fee of 3.00% - 8.00%

Funding can take several days

What to know

This lender’s easy prequalification process makes it worth considering — but don’t be surprised to find a lower rate or origination fee elsewhere. If you have a low credit score, however, LendingClub offers the option to apply with a co-applicant, which may make it easier to qualify for a personal loan. Keep in mind that if you’re unable to repay your loan, however, your co-applicant may also be held legally responsible for the remaining balance. Read our full LendingClub review.

Eligibility requirements

To qualify for a LendingClub personal loan, you’ll need to be a U.S. citizen, permanent resident or someone living in the U.S. with a valid, long-term visa. You’ll also need to verify the following information:

Your identity
Your bank account
Your income

Best for fast loan funding


APR range	9.95% - 35.95%
Loan amounts	$2,000 - $35,000
Term (months)	12 to 60
Origination fee	Up to 4.75%
Min. credit score	580

Pros	Cons
Low minimum credit score requirement Funding within 24 hours of loan approval No prepayment penalty	May have to pay an origination fee (Up to 4.75%) Loan amounts only up to $35,000 No option to add a co-borrower or cosigner

Pros

Cons

Low minimum credit score requirement

Funding within 24 hours of loan approval

No prepayment penalty

May have to pay an origination fee (Up to 4.75%)

Loan amounts only up to $35,000

No option to add a co-borrower or cosigner

What to know

With a low minimum credit score requirement of just 580, consumers with low credit scores may qualify for an Avant personal loan. This lender offers quick funding and you can repay your loan early without worrying about being penalized. However, Avant charges origination fees — Up to 4.75% — and consumers don’t have the option to add a co-applicant if they have poor credit. Read our full Avant review.

Eligibility requirements

Aside from its credit score requirements, Avant also requires that applicants provide recent bank statements and pay stubs.

Best for consolidating debt


APR range	14.10% - 35.99%
Loan amounts	$3,500 - $40,000
Term (months)	24 to 60
Origination fee	0.00% - 8.00%
Min. credit score	680

Pros	Cons
Access to your free monthly credit score Ability to change your due date Fast funding	May charge an origination fee of up to 8.00% Limited loan use Doesn't offer joint applications

Pros

Cons

Access to your free monthly credit score

Ability to change your due date

Fast funding

May charge an origination fee of up to 8.00%

Limited loan use

Doesn't offer joint applications

What to know

Reach Financial offers personal loans specifically for debt consolidation and credit card refinancing to borrowers with good credit scores. This lender offers competitive rates and terms, free monthly access to your credit score and may fund your loan in as few as 24 hours.

Reach Financial charges origination fees that may be as high as 8% of your loan amount, and its maximum APR is higher than some competitors at 35.99%. If your credit score needs some work, Reach Financial may not be a good fit for you as this lender requires a score of at least 680 to qualify. Read our full Reach Financial review.

Eligibility requirements

To qualify for a Reach Financial personal loan, you’ll need to meet the following criteria:

Minimum credit score of 680
Minimum annual income of $20,000
Must not live in the following states: Colorado, Connecticut, Maine, Mississippi, New Jersey, Nevada, Oregon, Rhode Island, Tennessee, Utah, Vermont, West Virginia or Wyoming

Best for refinancing credit card debt


APR range	11.72% - 24.67%
Loan amounts	$5,000 - $40,000
Term (months)	24 to 60
Origination fee	0.00% - 5.00%
Min. credit score	640

Pros	Cons
Doesn’t charge application or late fees No prepayment penalties Competitive interest rates (11.72% - 24.67%)	Charges origination fee of 0.00% - 5.00% Funds can only be used for credit card refinancing Doesn’t offer joint applications

Pros

Cons

Doesn’t charge application or late fees

No prepayment penalties

Competitive interest rates (11.72% - 24.67%)

Charges origination fee of 0.00% - 5.00%

Funds can only be used for credit card refinancing

Doesn’t offer joint applications