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Personal Loans

Personal loans can make sense for debt consolidation, home improvement, or large planned expenses — particularly when the APR is lower than your existing revolving debt. Rates vary significantly based on credit score and income. Pre-qualification tools let you check estimated rates with a soft pull that won't affect your credit score.

Current featured offer

SoFi

Personal Loan — No Fees

Current Pick

Promotional value

8.99%–25.81% APR · No Origination Fee

SoFi offers personal loans with no origination fee, no prepayment penalty, and same-day funding in many cases. Loan amounts range from $5,000 to $100,000. Rates are fixed; discounted rate available with autopay enrollment.

To qualify

  • Good to excellent credit score (typically 680+)
  • Verifiable income and employment
  • Pre-qualify with a soft credit pull

APR Range

8.99%–25.81% (fixed)

Origination Fee

$0

Loan Amount

$5,000–$100,000

Term

2–7 years

Updated May 2026
no origination feeno prepayment penaltysame-day fundingautopay discount
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More personal loans offers

LightStream (Truist)

Personal Loan — Rate Beat Program

6.99%–25.99% APR · Rate Beat Guarantee

LightStream offers competitive rates across loan purposes and will beat any qualifying competitor's rate by 0.10 percentage points. No fees, large loan amounts up to $100,000, and terms up to 12 years. Best rates typically for home improvement and vehicle loans.

APR Range: 6.99%–25.99% (fixed)Origination Fee: $0Loan Amount: $5,000–$100,000
rate beat guaranteeno feeslarge loan amounts
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Marcus by Goldman Sachs

Personal Loan

6.99%–29.99% APR · No Fees

Marcus by Goldman Sachs personal loans have no fees of any kind — no origination, no late fee, no prepayment penalty. On-time payment for 12 consecutive months unlocks a one-month payment deferral option.

APR Range: 6.99%–29.99% (fixed)Origination Fee: $0Loan Amount: $3,500–$40,000
truly no feespayment deferral optionGoldman Sachs backed
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LendingClub

Personal Loan

8.98%–35.99% APR · Fast Funding

LendingClub personal loans work well for debt consolidation — the bank can pay creditors directly. Origination fees apply (3%–8%), so factor this into the effective cost. Direct payments to existing creditors available.

APR Range: 8.98%–35.99% (fixed)Origination Fee: 3%–8% of loan amountLoan Amount: $1,000–$40,000
debt consolidationdirect creditor paymentbroad eligibility
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What to check before applying

  • Use pre-qualification to compare rates without a hard inquiry
  • Factor origination fees into the effective APR, not just the stated rate
  • Check prepayment penalty terms if you plan to pay off early
  • Confirm funding timeline — some lenders fund same-day, others take 3–5 business days
  • Understand what "autopay discount" requires and whether it can be revoked

Frequently asked questions

What personal loan APR can I expect with good credit?

Borrowers with excellent credit (760+ FICO) typically qualify for personal loan APRs in the 7–12% range from top online lenders like SoFi, LightStream, and Marcus by Goldman Sachs. Fair-credit borrowers (580–669) may see rates of 18–28%. Use pre-qualification tools (soft pull only) to check offers from multiple lenders without affecting your score.

What is an origination fee on a personal loan?

An origination fee is a one-time charge deducted from the loan proceeds or added to the balance, typically 1–8% of the loan amount. SoFi and LightStream charge no origination fees. LendingClub charges 3–8%. Always calculate the effective APR including the origination fee when comparing lenders — the stated APR should already include it per federal Truth in Lending rules.

Can I use a personal loan to consolidate credit card debt?

Yes, debt consolidation is one of the most common personal loan uses. If you're paying 20–29% APR on credit card balances and qualify for a personal loan at 10–15%, the interest savings can be significant. Ensure the loan term doesn't extend your payoff period so far that total interest paid increases despite the lower rate.