Best Personal Loans for Good Credit in March 2024

Low-interest personal loans for good credit

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How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
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Best personal loans for good credit

Written by Amanda Push | Edited by Jessica Sain-Baird and Xiomara Martinez-White | Updated February 28, 2024
How Does LendingTree Get Paid?
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
LenderUser ratingsBest for…APR rangeLoan termsLoan amountsMinimum credit score
Achieve logo
(5,097)
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Ratings and reviews are from real consumers who have used the lending partner’s services.

Interest rate discounts8.99% - 35.99%24 to 60 months$5,000 to $50,000620See Personalized Results
Best Egg logo
(2,468)
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Ratings and reviews are from real consumers who have used the lending partner’s services.

Borrowers with high incomes8.99% - 35.99%36 to 60 months$2,000 to $50,000600See Personalized Results
Discover logo
(1,593)
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Ratings and reviews are from real consumers who have used the lending partner’s services.

Borrowers with low incomes7.99% - 24.99% months$2,500 to $40,000720See Personalized Results
LendingPoint logo
(1,952)
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Ratings and reviews are from real consumers who have used the lending partner’s services.

Smaller loan amounts7.99% - 35.99%24 to 72 months$2,000 to $36,500660See Personalized Results
LightStream logo
(246)
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Ratings and reviews are from real consumers who have used the lending partner’s services.

Loan length flexibility7.49% - 25.49% (with discounts)24 to 144 months$5,000 to $100,000Not specifiedSee Personalized Results
(14)
User Ratings & Reviews rating-reviews-tooltip-icon

Ratings and reviews are from real consumers who have used the lending partner’s services.

Loan amount flexibility7.99% - 17.99%12 to 60 months$600 to $50,000700See Personalized Results
Prosper logo
(3,637)
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Ratings and reviews are from real consumers who have used the lending partner’s services.

Joint applications8.99% - 35.99%24 to 60 months$2,000 to $50,000560See Personalized Results
Reach Financial logo
(14)
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Ratings and reviews are from real consumers who have used the lending partner’s services.

Refinancing debt5.99% - 35.99%24 to 60 months$3,500 to $40,0000See Personalized Results
SoFi logo
(8,004)
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Ratings and reviews are from real consumers who have used the lending partner’s services.

Same-day funding8.99% - 29.99% (with discounts)24 to 84 months$5,000 to $100,000680See Personalized Results
Upstart logo
(16,293)
User Ratings & Reviews rating-reviews-tooltip-icon

Ratings and reviews are from real consumers who have used the lending partner’s services.

Loan use flexibility7.80% - 35.99%36 and 60 months$1,000 to $50,000300See Personalized Results
Read more about how we chose our picks for the best personal loans for good credit.

 

See Your Personalized Rates

Top lenders for good credit personal loans

Achieve logo

Archieve: Best for interest rate discounts

APR range8.99% - 35.99%
Loan amounts$5,000 to $50,000
Loan terms24 to 60 months
Origination fee1.99% - 6.99%
Minimum credit score620
ProsCons

 Co-borrowers can apply

 Interest rate discounts available

 May get funds within 24 hours

 Charges origination fees

 High minimum loan amount

 Can take three days to get loan

See Your Personalized Results

Best Egg logo

Best Egg: Best for borrowers with high incomes

APR range8.99% - 35.99%
Loan amounts$2,000 to $50,000
Loan terms36 to 60 months
Origination fee0.99% - 8.99%
Minimum credit score600
ProsCons

 Offers direct payment to old lenders

 Offers secured and unsecured loans

 About half of customers are paid in one day

 Charges an origination fee

 High income needed for lowest rates

 Funding can take up to three days

See Your Personalized Results

Discover logo

Discover: Best for borrowers with low incomes

APR range7.99% - 24.99%
Loan amounts$2,500 to $40,000
Loan terms36 to 84 months
Origination feeNo origination fee
Minimum credit score720
ProsCons

 No fees upfront

 Long loan terms

 Low maximum APR

 No option for co-applicant

 May charge $39 late fee

 Low maximum borrowing amount

See Your Personalized Results

LendingPoint logo

LendingPoint: Best for smaller loan amounts

APR range7.99% - 35.99%
Loan amounts$2,000 to $36,500
Loan terms24 to 72 months
Origination feeUp to 10%
Minimum credit score660
ProsCons

 Fast funding timeline

 Flexible repayment terms

 Low minimum borrowing limit

 Charges origination fee

 No option to add co-applicant

 Low maximum borrowing limit

See Your Personalized Results

LightStream logo

LightStream: Best for loan length flexibility

APR range7.49% - 25.49% (with autopay)
Loan amounts$5,000 to $100,000
Loan terms24 to 144 months
Origination feeNo origination fee
Minimum credit scoreNot specified
ProsCons

 Loan terms from 24 to 144 months

 Doesn’t charge any fees

 Same-day funding available

 No option to prequalify

 High minimum loan amount

 Strict credit requirements

See Your Personalized Results

PenFed logo

PenFed: Best for loan amount flexibility

APR range7.99% - 17.99%
Loan amounts$600 to $50,000
Loan terms12 to 60 months
Origination feeNone
Minimum credit score700
ProsCons

 No origination fees

 APR below 18%

 Anyone can become a member

 Loans exclusive to members

 Must provide $5 deposit

 Unclear borrowing requirements

See Your Personalized Results

Prosper logo

Prosper: Best for joint applications

APR range8.99% - 35.99%
Loan amounts$2,000 to $50,000
Loan terms24 to 60 months
Origination fee1.00% - 7.99%
Minimum credit score560
ProsCons

 Can get funds in one business day

 Option to add a co-borrower

 Option to change your due date

 Charges an origination fee

 Funding can take up to three days

 No autopay discounts

See Your Personalized Results

Reach Financial logo

Reach: Best for refinancing debt

APR range5.99% - 35.99%
Loan amounts$3,500 to $40,000
Loan terms24 to 60 months
Origination fee0.00% - 8.00%
Minimum credit score0
ProsCons

 Offers access to free credit score

 Funds available within 24 hours

 Competitive APRs

 May charge an origination fee

 Can’t use a co-applicant

 Loan use limited to refinancing debt

See Your Personalized Results

SoFi logo

SoFi: Best for same-day funding

APR range8.99% - 29.99% (with autopay)
Loan amounts$5,000 to $100,000
Loan terms24 to 84 months
Origination fee0.00% - 7.00%
Minimum credit score680
ProsCons

 Same-day funding available

 Origination fee not required

 Offers unemployment protections

 No physical branches you can visit

 High minimum loan amount

 Lower rates may come with a fee

See Your Personalized Results

Upstart logo

Upstart: Best for lowest APRs

APR range7.80% - 35.99%
Loan amounts$1,000 to $50,000
Loan terms36 and 60 months
Origination fee0.00% - 12.00%
Minimum credit score300
ProsCons

 Minimum APR of just 7.80%

 May get funds in one business day

 Funds can be used for student debt

 Origination fee up to 0.00% - 12.00%

 No option for co-applicant

 Terms limited to 36 and 60 months

See Your Personalized Results

How to choose a personal loan for good credit

Good credit is generally defined as having a credit score of 670 to 739 with FICO or 700 to 749 with VantageScore. Any scores above that may be labeled as “very good” or “excellent.”

If you have a good credit score and are shopping for a personal loan, these are the factors you’ll need to consider when comparing lenders:

  • APR: A loan’s annual percentage rate (APR) is the amount you’ll be charged for a personal loan — this includes interest rate and fees. The better your credit, the lower your APR will likely be. One of the most common personal loan fees you’ll come across is an origination fee, a one-time administrative fee that is typically taken out of your loan amount.
  • Loan length: The length of your loan can influence both your monthly payments and APR. If you have a long-term loan, you’ll have smaller monthly payments but may pay more in interest. If the length of your loan is short, you’ll have higher monthly payments but your APR may be lower.
  • Borrowing amount: The larger the amount you want to borrow is, the stricter the requirements may be. In particular, your lender may require an excellent credit score and high income.
  • Requirements: Aside from your credit score, personal loan lenders also consider factors like your income, residency and debt-to-income ratio (DTI). Be sure to check with a potential lender if you meet their basic requirements before applying.
  • Unique features: Some lenders may offer unique perks like interest rate discounts and unemployment protection. Another feature to look for are no-fee personal loans.
  • Lender reputation: Be sure to research a lender before signing a loan agreement with them. In particular, be sure to check for regulatory action from the Federal Trade Commission (FTC) and Consumer Protection Bureau (CFPB). You can also check the CFPB complaint database.

What are good credit personal loan rates?

If you have a good credit score, it’s likely that you’ll qualify for a lower APR. According to LendingTree’s personal loan statistics, the average APR for a person with a credit score between 660 to 679 is currently 32.06%. Here’s the following average personal loan APR based on credit score.

Credit scoreAverage APRAverage borrowing amount
720+14.80%$18,963
680-71923.48%$14,567
660-67932.06%$10,895
640-65945.00%$8,270
620-63958.69%$6,377
580-61989.33%$4,366
560-579127.20%$3,027
Less than 560165.66%$2,530

Source: LendingTree user data on closed personal loans for the third quarter of 2023.

Where to find a personal loan with good credit

The most common places to find a personal loan with good credit are banks, credit unions and online lenders. Here’s what you need to know about applying for a personal loan with each type of lender:

  • Banks: Banks tend to have lower APRs — but, often, they also come with strict requirements. However, if you’re already a customer of a bank that offers personal loans, you may have an easier time qualifying, especially if you have good credit.
  • Credit unions: Credit union personal loans are legally capped at 18% APR, and they tend to have lower interest and little to no fees in general. However, credit unions typically require that you become a member before you can access a personal loan, and some lenders have narrow criteria as to who can qualify.
  • Online lenders: Online loan lenders tend to have higher APRs than banks and credit unions; however, if you have a bad credit score, you may have an easier time getting a loan. Since online lenders do everything remotely, using this type of lender can also help streamline the process since you won’t have to visit a branch in person, unlike a bank or credit union.
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Alternatives to personal loans for good credit

Even if you have good credit, a personal loan may not be the best fit for your particular financial position. If this is the case for you, consider these alternatives to getting a personal loan.

  • Credit cards: If you have good credit, you may qualify for a credit card. This type of debt is unsecured and will likely come with variable interest rates, meaning how much you pay each month could change. A good credit score may also offer access to a 0% intro APR credit card, which comes with no interest or fees for a set promotional period.
  • Personal line of credit: This type of debt isn’t common and you’ll likely have to go through a financial institute you already have a relationship with. A personal line of credit works like a credit card, though it also comes with withdrawal and repayment periods.
  • Home equity loan: If you own a house, you may be able to access a home equity loan. This works similarly to a personal loan, except you’re borrowing against the equity you’ve built up in your home over time, with your house serving as collateral for the loan.
  • HELOC: Another way you can take advantage of equity you’ve built up in your home is to take out a home equity line of credit (HELOC). While your home will still work as collateral, unlike a home equity loan, you’ll have variable interest rates and instead of receiving a lump sum, you’ll be able to borrow against a predetermined amount.

How we chose our picks for the best personal loans for good credit

We reviewed more than 25 lenders that offer personal loans to determine the overall 10 best personal loans for good credit. To make our list, lenders must offer competitive annual percentage rates (APRs). From there, we prioritize lenders based on the following factors:

  • Accessibility: Lenders are ranked higher if their personal loans are available to more people and require fewer conditions. This may include lower credit requirements, wider geographic availability, faster funding and easier and more transparent prequalification and application processes.
  • Rates and terms: We prioritize lenders with more competitive fixed rates, fewer fees and greater options for repayment terms, loan amounts and APR discounts.
  • Repayment experience: For starters, we consider each lender’s reputation and business practices. We also favor lenders that report to all major credit bureaus, offer reliable customer service and provide any unique perks to customers, like free wealth coaching.

LendingTree reviews and fact-checks our top lender picks on a monthly basis.

Frequently asked questions

A good credit score is considered to be a FICO Score of 670 and above and a minimum of 700 with VantageScore. A good credit score can help you qualify with more lenders and access better features. If your credit score is less than ideal, you may instead need to consider lenders than offer bad credit loans.

How much you can borrow with a personal loan will depend on the lender, your credit score, your credit history, your income and how much debt you have. The more solid your credit is and the higher your income, the more you’ll likely be able to borrow. To estimate how much debt you can afford to take on, you can use a personal loan calculator to determine your potential monthly payments.

You can check your credit score using LendingTree Spring or you can check with your current bank or credit union as well as with the three credit bureaus. Keep in mind that some companies may charge you, but others offer this as a free service.

Personal loans can negatively affect your credit score when you initially take one out (since your lender will run a hard credit pull on you), but this will nly cause your FICO Score to drop by up to five points. However, if you have late payments or default on a loan, this can have a much more devastating impact on your credit.

You can improve your credit score in a variety of ways but the most influential factors are going to be making on-time payments and lowering your credit utilization rate. This is how much revolving credit you’re using versus how much you have available.