Personal Loans - Best offers 2019
Personal loans for borrowers with average credit. Whether you’re looking to buy a new car, pay down some high-interest credit card debt or finance some home repairs, there’s a good chance you’ll need to apply for some financing during the course of your lifetime. Learn how to get the best deal on your next car and what you want to avoid when shopping for one. Find out the ins and outs of payday loans and the pitfalls to avoid when getting one.
LendingClub Personal loans
Loan Amount
up to $40,000
Loan Term
3 to 5 years
Min credit score
640+
LendingClub has funded loans in excess of $26.5 billion since it began operations in 2006, and it’s one of the largest online credit marketplaces in the world. As LendingClub operates online, it can offer competitive products and services. LendingClub offers products such as personal loans, business loans and financing for elective medical procedures.
or
Payoff Personal loans
Loan Amount
up to $35,000
Est. APR*
5.99% to 22.99%
Loan Term
2 - 5 years
Min credit score
590
Payoff provides fixed-rate debt consolidation loans to borrowers solely for the purpose of paying off credit card debt. Average amount of debt borrowers pay off is $18,000. When you borrow through Payoff, you can expect one-on-one assistance and a customer support team eager to answer questions.
or
Jora Personal loans
Loan Amount
$500 - $2,600
Loan Term
Up to 30 months
Min credit score
610
Loan Security
Unsecured
Jora Credit is a Lender that operates under the state specific rules for the states that it services. They are committed to the lending of responsible credit products to eligible applicants in need of emergency credit.
or
LendingPoint Personal loans
Loan Amount
$2,000 - $25,000
Est. APR*
from 15.49%
Loan Term
2 - 5 years
LendingPoint offers personal loans that can be used for business startups. Do you have fair personal credit? And if you start your application early enough, you may be able to receive your loan funds without having to wait days for turnaround.
or
What APR rate you have to expect?
Rates vary from lender to lender and depend heavily on your credit history and ability to repay, but here is what interest rates on personal loans on average:
Excellent
SCORE RANGE: 720 - 850
ESTIMATED APR: 13.9%
Good
SCORE RANGE: 690 - 719
ESTIMATED APR: 18.0%
Average
SCORE RANGE: 630 - 689
ESTIMATED APR: 21.8%
Bad
SCORE RANGE: 300 - 629
ESTIMATED APR: 27.2%
MoneyLion Personal loans
Loan Amount
$1,000 - $35,000
Est. APR*
5.99% - 30%
Loan Term
1 - 3 years
MoneyLion is a New York-based lender. It uses a proprietary risk assessment model and decision-making algorithms to provide credit products and data-driven recommendations tailored to each borrower’s financial circumstances. It is a “one-stop” shop, so to speak, that allows you to apply for loans, get money management and plan for long-term goals.
or
Trusted Personal loans
Loan Amount
$200 - $40,000
Est. APR*
4.99-35.99%
Interest Rate Type
Fixed
Min credit score
600
TrustedPersonalLoans.com is a connection service that compares your application against the eligibility criteria of its affiliate lenders, saving you time. And since it has such a high loan amount, you may be able to get the money you need to pay for any expense that comes up.
or
HonestLoans Personal loans
Loan Amount
$400 - $2,500
Loan Term
Varies by lender
Turnaround Time
1 business day
HonestLoans is an online lender-connection service that works to connect you with lenders that may be able to meet your needs. You specify the criteria you’re interested in, and HonestLoans searches its network of lenders based on those specifications.
or
Opploans Personal loans
Loan Amount
$1,000 - $4,000
Loan Term
up to 36 months
Turnaround Time
1 business day
You Deserve Better than a Payday Loan. Apply online for a bad credit installment loan up to $4000 with no hard credit check. Fast. Flexible. Fair. 5-star rated. With lower rates and more personal service, OppLoans is your home for safer, more affordable borrowing.
or
Upstart Personal loans
Loan Amount
$1,000 - $50,000
Est. APR*
8.89% - 35.99%
Loan Term
3 - 5 years
Min credit score
610
Upstart provides quick loans funded within one day, except for loans for educational expenses, which are subject to a three-day waiting period. Upstart is a peer-to-peer lending company that looks at more than just credit score to determine if you qualify for a loan.
or
MoneyKey Personal loans
Loan Amount
$150 - $2,600
Loan Term
Varies by State
Turnaround Time
1 Business Day
MoneyKey offers payday loans, installment loans, and lines of credit to consumers who are typically unable to qualify for loans at traditional financial Institutions. Fast and convenient application process. No pre-payment penalty.
or
Prosper Personal loans
Loan Amount
$2,000 - $40,000
Est. APR*
6.95% - 35.99%
Interest Rate Type
Fixed
Min credit score
640
Prosper provides unsecured personal loans that can be used for nearly any purpose, including debt consolidation and home improvements. You can apply directly on Prosper’s website, submitting information including your employment status, income and monthly housing payment.
or
Upgrade Personal loans
Loan Amount
$1,000 - $50,000
Est. APR*
7.99% - 35.89%
Loan Term
3 - 5 years
Min credit score
620
Upgrade is an online lending marketplace. It allows applicants to apply for a loan, get their application assessed and receive funds delivered online, free from the time-intensive and overwhelming application processes used by traditional lenders.
or
LendingTree Personal loans
Loan Amount
$1,000 - $50,000
Est. APR*
varies by lender
Loan Term
1 - 5 years
Min credit score
600
LendingTree works by connecting you with one or more of the trusted lenders in its network. These loans come from top quality lenders, not from payday loan providers. The website also provides online tools, such as financial calculators and loan tutorials.
or
What types of personal loans are there?
Personal loans can help you out when you have an expense coming up but don’t have enough money on hand to cover the original cost.
Fixed-rate term loans
A term loan that comes with a set interest rate that never changes throughout the life of the loan. Fixed-rates have predictable monthly payments but can sometimes be more costly than a variable rate loan.
Variable-rate term loans
A term loan that comes with an interest rate that is subject to change while you’re repaying your loan. Monthly payments can be more difficult to predict but it could potentially go lower than fixed rates.
Secured loans
A term loan that you back with collateral such as your home, car or savings account. Lenders see a secured loan option as less of a risk, so they often come with lower interest rates.
Personal lines of credit
Get access to a revolving amount of funds - similar to a credit card but with a higher limit and lower expenses. This option comes with great for funding projects that might come with unexpected expenses.
Car loans
Many loan companies offer auto loans to buy a new or used vehicle or refinance your current loan. Car loans are typically secured by your vehicle and require a down payment.
