Best Personal Loans for Excellent Credit in September 2024

Whether you’re looking to pay off credit card debt with a lower interest rate or need some help covering your medical bills, Achieve offers personal loans at $5,000 to $50,000. With this lender, you may receive your funds within one to three days after you’re approved.

A personal loan with Achieve comes with a competitive APR starting at 8.99%, depending on your credit score, with payback terms of 24 to 60 months. Achieve personal loans also come with an origination fee of 1.99% - 6.99% of the loan amount.

Read our Achieve personal loan review.

If you want an Achieve personal loan, you’ll need to meet the lender’s borrowing requirements:

• Minimum credit score: 620
• Minimum loan-to-income ratio of 40%
• 45% maximum debt-to-income ratio
• At least two years of credit experience
• No delinquencies on current debt
• No bankruptcy filings in the last two years
• Can’t live in Colorado, Connecticut, Hawaii, Kansas, Maine, North Dakota, Vermont, West Virginia, Wisconsin or Wyoming

Best Egg offers personal loans between $2,000 and $50,000. To qualify for Best Egg’s lowest APR, you’ll need a minimum credit score of 600 and an individual annual income of at least $100,000.

Keep in mind, however, that Best Egg does charge an origination fee (0.99% - 9.99%) that will come out of the total amount of your loan. If you’re approved for a Best Egg personal loan, it may take anywhere from one to three business days for your funds to be deposited.

If you’re approved for a Best Egg personal loan, it may take anywhere from one to three business days for your funds to be deposited.

You can use a Best Egg personal loan for a variety of purposes, including the following:

• Debt consolidation
• Credit card refinancing
• Medical debt
• Home improvement projects
• Moving expenses
• Vacations
• Taxes
• Large expenses (eg. adoption fees, weddings)

You cannot use a Best Egg loan to cover college expenses or purchase securities.

Read our Best Egg personal loan review.

To qualify for a Best Egg personal loan, you’ll need to meet these requirements:

• Minimum credit score: 600
• Must be a U.S. citizen or permanent resident living in the U.S.
• Must not live in Iowa, Vermont, West Virginia, District of Columbia or any U.S. territories

Even people who have high credit scores can find themselves with credit card debt. Happy Money is an online lender that offers personal loans specifically (and only) to help borrowers pay off credit card debt.

You can borrow between $5,000 to $40,000 with a minimum APR of 11.72%. Unfortunately, this lender sometimes charges an origination fee (1.50% - 5.50%).

You might have an excellent credit rating that beats Happy Money’s minimum requirement of 640, but it still requires a debt-to-income ratio of 50% or less. You need a good credit history of at least three years and no current delinquencies.

Read our Happy Money personal loan review.

Happy Money provides clear eligibility requirements as to how you can qualify for a loan:

• Minimum credit score: 640
• Zero current delinquencies on your credit profile
• Must be U.S. citizen or permanent resident
• Can’t live in Massachusetts or Nevada

LendingClub is an online marketplace where consumers can borrow anywhere from $1,000 to $40,000. This lender also allows you to apply with a co-borrower — a feature not all lenders offer. Another unique perk is that LendingClub also allows you to use your personal loan funds for business costs, something that many other lenders prohibit.

When taking out a personal loan with LendingClub, keep in mind that it may take several days for your loan to be deposited into your account. This lender also charges an origination fee of 3.00% - 8.00%, whereas many other lenders skip this type of fee.

Read our LendingClub personal loan review.

LendingClub doesn’t offer many specifics when it comes to getting a personal loan, but you will have to meet the following criteria:

• Minimum credit score: 600
• Be a U.S. citizen or permanent resident
• Be at least 18 years old
• Have a verifiable bank account

LightStream provides unsecured personal loans between $5,000 and $100,000 for consumers with excellent credit. However, this lender does not offer prequalification services — meaning, to see your rates you’ll have to submit to a hard credit pull which will impact your credit score.

Low interest rates are great for those who have excellent credit scores, but keep in mind that the interest rate quote it gives you is for its autopay program. If you don’t use it, you’ll have to add 0.50 percentage point to your quoted rate.

Besides your stellar credit score, you must also have a healthy credit history with major credit cards and some sort of other debt, such as a mortgage or car payment. You also need a bit of savings, too, whether you keep it in stocks or bonds or a savings account.

Read our LightStream personal loan review.

If you have a robust credit history and an excellent credit score, you may qualify for a LightStream loan. Here is the criteria you’ll need to meet:

• Good to excellent credit
• At least five years of credit experience
• Owned assets such as retirement and savings accounts
• Good debt-to-income ratio
• Good payment history with no past delinquencies

Like PenFed Credit Union (see below), Navy Federal Credit Union offers a wide range of loan amounts to choose from, their lowest being just $250. However, you’ll need to become a member of the credit union in order to receive your loan.

While you won’t have to pay an origination fee when you take out a Navy Federal personal loan, this lender does not offer soft credit inquiries, so checking your rates may cause your credit score to dip slightly.

Read our Navy Federal Credit Union personal loan review.

Navy Federal Credit Union only offers loans to those with military connections, including the following:

• Active duty or retired members of the armed forces
• Active duty members of the armed forces
• Delayed Entry Program
• DoD Officer Candidate/ROTC
• DoD Reservists
• Veterans, retirees and annuitants
• Household or family member of any of the above

With loans ranging from $600 to $50,000, PenFed Credit Union offers one of the lowest minimum personal loan amounts on this list. Paired with its quick funding timeline of one to two business days and low rates, this lender may be an attractive option for some consumers.

While you won’t have to worry about any origination fees with a PenFed personal loan, this lender does charge a late fee of $29 if you’re more than five days late on your payment. You don’t have to become a PenFed member in order to apply for a loan, but if you choose to proceed with the personal loan, you will have to become a member of the credit union.

Read our PenFed Credit Union personal loan review.

You must become a PenFed Credit Union member to receive your personal loan. Members must open a PenFed savings account with a $5 deposit.

With a low to medium loan amount range of $1,000 to $35,000 and the option to apply with a co-borrower, PNC Bank may be a competitive option for borrowers with excellent credit scores. This lender also has among one of the most flexible loan terms on this list, ranging from 6 to 60 months.

However, PNC Bank is vague about some of its eligibility requirements as well as how long it may take for borrowers to receive their loan funds, while other lenders are more transparent. The availability and terms of PNC Bank personal loans are also limited on where you live.

Read our PNC Bank personal loan review.

PNC Bank does not provide much information when it comes to qualifying for a personal loan. The lender will likely consider factors such as your credit score, payment history and debt-to-income ratio during the application process.

Rocket Loans offers personal loans ranging from $2,000 to $45,000 with terms of 36 or 60 months. The company is part of Quicken Loans and is the sister company to Rocket Mortgage. The APR with Rocket Loans depends on your credit score, monthly income and debt-to-income ratio, among other things, but it starts at 9.116%.

Keep in mind that if you take out a Rocket Loans personal loan, you’ll have to pay an origination fee that will come out of the total amount of the funds you receive. Rocket Loans also charges a $15 per occurrence late fee and a $15 Automated Clearing House (ACH) return or returned check fee per occasion.

Read our Rocket Loans personal loan review.

Rocket Loans requires that you not only be at least 18 years old, but that you also meet the following requirements:

• Minimum credit score: 640
• Must be a U.S. citizen
• Minimum annual income of $24,000
• Must not live in Iowa, Nevada or West Virginia

SoFi is an online lender that offers many perks to borrowers that meet their minimum credit score requirement of 680 (among other criteria). Similar to LightStream, SoFi has one of the most flexible loan amounts consumers can borrow.

Another perk to like about SoFi is its lack of required fees — borrowers don’t have to pay origination, prepayment or even late fees. However, you may consider accepting an optional origination fee in exchange for a lower APR. Plus, if you sign up for autopay or direct deposit, you can receive a 0.25% rate discount for each.

Read our SoFi personal loan review.

SoFi lists clear eligibility requirements, including the following:

• Minimum credit score: 680
• Must be employed or have an employment offer to start within 90 days (if unemployed, you must verify your income from other sources)
• Must not be a resident of Mississippi
• Must be a U.S. citizen, permanent resident or non-permanent resident (including Deferred Action for Childhood Arrivals (DACA) program recipients and asylum-seekers) with a current immigration status

As one of the largest banking institutions in the U.S., Wells Fargo is among the few lenders on this list with physical locations. It offers a wide range of loan amounts to choose from ($3,000 to $100,000) and some borrowers with excellent credit may be able to borrow up to six figures.

Borrowers who go through Wells Fargo can skip out on paying an origination fee and receive a 0.25% discount if you have a Wells Fargo checking account and sign up for autopay. On the other hand, borrowers should keep in mind that you won’t be able to prequalify and the minimum loan amount is high.

Read our Wells Fargo personal loan review.

Wells Fargo doesn’t offer many specifics when it comes to consumers qualifying for a personal loan. It does state, however, that it only offers personal loans to current Wells Fargo customers.