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Personal loans for good credit tend to come with competitive interest rates and fair terms. Generally speaking, borrowers with a FICO score over 740 are considered to have very good credit, while borrowers with scores between 670 and 739 have good credit. If your credit score is good enough to qualify and you want to borrow a fixed amount of money with a fixed monthly payment and a fixed interest rate, personal loans for good credit may be exactly what you need.
Those with more favorable credit may receive perks like low interest rates and high borrowing limits. Such features are not usually available to those with fair or poor credit.
To select the top personal loan lenders, Bankrate considered factors that help consumers decide whether a lender is a good fit for them, such as credit requirements and minimum APRs. We sought lenders with low fees and a range of loan amounts for borrowers with varying budgets and credit profiles. We also looked for conveniences like online applications and fast funding.
In addition, the lenders featured here were evaluated for notable features like customer discounts and flexible repayment options.
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*Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your 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 .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 $25,000 loan at 5.74% APR with a term of 12 years would result in 144 monthly payments of $240.61. Truist Bank is an Equal Housing Lender. Copyright 2021 Truist Financial Corporation. SunTrust, Truist, LightStream, the LightStream logo, and the SunTrust logo are service marks of Truist Financial Corporation. All other trademarks are the property of their respective owners. Lending services provided by Truist Bank.
Personal loans up to $50,000 with low fixed rates that will never change
Affordable monthly payments that fit your budget and no prepayment penalties
Fast funding, money is sent to your bank account within a day of clearing any verifications
No obligation and no impact to your credit score when you check your rate
Use your loan through Upgrade to pay on high interest credit cards, make a large purchase, finish that home improvement project, or almost any life event!
Personal loans made through Upgrade feature APRs of 5.94%-35.97%. All personal loans have a 2.9% to 8% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 24 to 84 months. For example, if you receive a $10,000 loan with a 36-month term and a 17.98% APR (which includes a 14.32% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $343.33. Over the life of the loan, your payments would total $12,359.97. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. Personal loans issued by Upgrade's lending partners. Information on Upgrade's lending partners can be found at https://www.upgrade.com/lending-partners/.
**Accept your loan offer and your funds will be sent to your bank or designated account within one (1) business day of clearing necessary verifications. Availability of the funds is dependent on how quickly your bank processes the transaction. From the time of approval, funds sent directly to you should be available within four (4) business days. Funds sent directly to pay off your creditors may take up to 2 weeks to clear, depending on the creditor.
Get a personal loan up to $50,000 with a fixed APR from 4.99% to 29.99%,Get money in as little as one business day, upon approval and verification,Join more than 450,000 customers at a trusted company with an A+ BBB rating,Use it for almost anything: consolidate debt or other unexpected expenses
DISCLOSURE UPDATE AS OF 07.2021
Trustpilot TrustScore as of June 2020.
Best Egg personal loans, including the Best Egg Secured Loan, are made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender or Blue Ridge Bank, a Nationally Chartered Bank, Member FDIC, Equal Housing Lender. "Best Egg" is a trademark of Marlette Holdings, Inc., a Delaware corporation. All uses of "Best Egg" refer to "the Best Egg personal loan", "the Best Egg Secured Loan", and/or "Best Egg on behalf of Cross River Bank or Blue Ridge Bank, as originator of the Best Egg personal loan," as applicable.
The term, amount, and APR of any loan we offer to you will depend on your credit score, income, debt payment obligations, loan amount, credit history and other factors. Your loan agreement will contain specific terms and conditions. About half of our customers get their money the next day. After successful verification, your money can be deposited in your bank account within 1-3 business days. The timing of available funds upon loan approval may vary depending upon your bank's policies. Loan amounts range from $2,000 - $50,000. Residents of Massachusetts have a minimum loan amount of $6,500; New Mexico and Ohio, $5,000; and Georgia, $3,000. For a second Best Egg loan, your total existing Best Egg loan balances cannot exceed $50,000. Annual Percentage Rates (APRs) range from 4.99% - 35.99%. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0.99% - 5.99% of your loan amount, which will be deducted from any loan proceeds you receive. The origination fee on a loan term 4-years or longer will be at least 4.99%. Your loan term will impact your APR, which may be higher than our lowest advertised rate.
You need a minimum 700 FICO® score and a minimum individual annual income of $100,000 to qualify for our lowest APR. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Low fixed rates (with AutoPay) and no origination fees
Checking your rate will not affect your credit score
Simple online application and live customer support
Fixed rates from 5.99% APR to 19.63% APR (with AutoPay). SoFi rate ranges are current as of July 30, 2021 and are subject to change without notice. Not all rates and amounts available in all states. See Personal Loan eligibility details. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors. See APR examples and terms. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.
No Fees. Ever. We don't deduct a sign-up fee from your loan amount.
Loans from $3,500 to $40,000 and fixed rates from 6.99% to 19.99% APR. Only the most creditworthy applications qualify for the largest loan amounts and lowest rates.
Discount when enrolled in Autopay
You may be required to have some of your funds sent directly to creditors to pay down certain types of unsecured debt
Your loan terms are not guaranteed and are subject to our verification of your identity and credit information. To obtain a loan, you must submit additional documentation including an application that may affect your credit score. The availability of a loan offer and the terms of your actual offer will vary due to a number of factors, including your loan purpose and our evaluation of your creditworthiness. Rates will vary based on many factors, such as your creditworthiness (for example, credit score and credit history) and the length of your loan (for example, rates for 36 month loans are generally lower than rates for 72 month loans). Your maximum loan amount may vary depending on your loan purpose, income and creditworthiness. Your verifiable income must support your ability to repay your loan. Marcus by Goldman Sachs is a brand of Goldman Sachs Bank USA and all loans are issued by Goldman Sachs Bank USA, Salt Lake City Branch. Applications are subject to additional terms and conditions.
Receive an APR reduction when you enroll in AutoPay. This reduction will not be applied if AutoPay is not in effect. When enrolled, a larger portion of your monthly payment will be applied to your principal loan amount and less interest will accrue on your loan, which may result in a smaller final payment. See loan agreement for details.
Join America's largest personal loan marketplace with over 3 million members
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Select your offer and verify your information so LendingClub can look for your investors. If your loan is funded, you could have your money in just a few days!
A representative example of loan payment terms is as follows: you receive a loan of $13,411 for a term of 36 months, with an interest rate of 12.16% and a 5.30% origination fee of $711, for an APR of 15.99%. In this example, you will receive $12,700 and will make 36 monthly payments of $446.46. Loan amounts range from $1,000 to $40,000 and loan term lengths are 36 months or 60 months. Some amounts and term lengths may be unavailable in certain states. APR ranges from 7.04% to 35.89% and is determined at the time of application. Origination fee ranges from 3% to 6% of the loan amount. Lowest APR is available to borrowers with excellent credit. Advertised rates are subject to change without notice.
Loans are made by LendingClub Bank, N.A., Member FDIC ("LendingClub Bank"), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Loans are subject to credit approval and sufficient investor commitment before they can be funded or issued. Certain information that we subsequently obtain as part of the application process (including but not limited to information in your consumer report, your income, the loan amount that your request, the purpose of your loan, and qualifying debt) will be considered and could affect your ability to obtain a loan from us. Loan closing is contingent on accepting all required agreements and disclosures at Lendingclub.com. "LendingClub" is a trademark of LendingClub Bank.
9 out of 10 customers would recommend Prosper to friends or family*
Co-borrower option available. Applying with a co-borrower could help improve your rates
Get your money in as few as 3 business days, your monthly payment stays the same
For example, a three-year $10,000 personal loan would have an interest rate of 11.74% and a 5.00% origination fee for an annual percentage rate (APR) of 15.34% APR. You would receive $9,500 and make 36 scheduled monthly payments of $330.90. A five-year $10,000 personal loan would have an interest rate of 11.99% and a 5.00% origination fee with a 14.27% APR. You would receive $9,500 and make 60 scheduled monthly payments of $222.39. Origination fees vary between 2.41%-5%. Personal loan APRs through Prosper range from 7.95% to 35.99%, with the lowest rates for the most creditworthy borrowers.
Eligibility for personal loans up to $40,000 depends on the information provided by the applicant in the application form. Eligibility for personal loans is not guaranteed, and requires that a sufficient number of investors commit funds to your account and that you meet credit and other conditions. Refer to Borrower Registration Agreement for details and all terms and conditions. All personal loans made by WebBank, Member FDIC.
Competitive rates from 9.95% - 35.99% APR and terms from 24 to 60 months
Checking your loan options has no impact to your credit score.
Fast Decisions, see your loan options in minutes
Funding as soon as next business day
*A $5,700 loan with an administration fee of 4.75% and an amount financed of $5,429.25, repayable in 36 monthly installments, would have an APR of 29.95% and monthly payments of $230.33. Minimum loan amounts may vary by state. If approved, the actual rate and loan amount that a customer qualifies for may vary based on credit determination and other factors. An administration fee of up to 4.75% will be deducted from the loan proceeds. Avant branded credit products are issued by Webbank, member FDIC.
Checking your loan offer wonât affect your credit score
Loans funded quickly, as soon as next business day
Personal information is secured and protected
*Actual loan offers and loan amounts, terms and annual percentage rates ("APR") may vary based upon LendingPoint's proprietary scoring and underwriting system's review of your credit, financial condition, other factors, and supporting documents or information you provide. Origination or other fees from 0% to 6% may apply depending upon your state of residence. Upon final underwriting approval to fund a loan, said funds are often sent via ACH the next non-holiday business day. Loans are offered from $2,000 to $25,000, at rates ranging from a low of 15.49% APR to a high of 35.99% APR, with terms from 24 to 60 months.
Personal and auto loans from $1,500-$20,000 (GA minimum $1,500 existing customers for new loans $3100 for others)
A quick decision on your loan request
Clear loan terms with no hidden fees and no prepayment penalties
Apply online, by phone or at your local branch.
Not all applicants will qualify for larger loan amounts or most favorable loan terms. Loan approval and actual loan terms depend on your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). Larger loan amounts require a first lien on a motor vehicle no more than ten years old, that meets our value requirements, titled in your name with valid insurance. Maximum annual percentage rate (APR) is 35.99%, subject to state restrictions. APRs are generally higher on loans not secured by a vehicle. Depending on the state where you open your loan, the origination fee may be either a flat amount or a percentage of your loan amount. Flat fee amounts vary by state, ranging from $25 to $300. Percentage-based fees vary by state ranging from 1% to 10% of your loan amount subject to certain state limits on the fee amount. Active duty military, their spouse or dependents covered under the Military Lending Act may not pledge any vehicle as collateral for a loan. OneMain loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPBâs Regulation Z, such as college, university or vocational expenses; for any business or commercial purpose; to purchase securities; or for gambling or illegal purposes.
Borrowers in these states are subject to these minimum loan sizes: Alabama: $2,100. California: $3,000. Georgia: Unless you are a present customer, $3,100 minimum loan amount. Ohio: $2,000. Virginia: $2,600.
Borrowers (other than present customers) in these states are subject to these maximum unsecured loan sizes: North Carolina: $7,500. New York: $20,000. An unsecured loan is a loan which does not require you to provide collateral (such as a motor vehicle) to the lender.
Figureâs mission is to create innovative financial solutions for our customers. We build products that offer unprecedented speed and ease, powered by blockchain technology. We continue to expand a comprehensive set of offerings that align with member needs throughout the course of their financial lives. We understand that financial lives are complex. It involves saving, spending and borrowing all at the same time, and we help you Figure it out.
We understand that financial lives are complex. It involves saving, spending and borrowing all at the same time, and we help you Figure it out.
This is not an offer of credit; this is an invitation to apply. To obtain a loan, you must submit additional documentation including an application that will require hard credit pull, which may affect your credit score. Approval of your application is subject to verification of your identity and credit information. Rates change frequently so your exact rate will depend on the date you apply. You will be responsible for an origination fee of up to 3.00% of your loan amount, depending on the state in which you reside. Loan terms and fees are also subject to change. Figure Lending LLC dba Figure is an equal opportunity lender. NMLS # 1717824.
Stilt is a mission-driven fintech company focused on providing credit to international students, immigrants and the underserved. We build products to improve financial inclusion and democratize access to the credit through providing accessible and reasonable personal loans.
Immigrants, international students, other visa
holders and those underserved by the traditional banking system often encounter many struggles while trying to build credit, apply for personal loans and build their financial future. Stiltâs services allow them to take a step forward in their path to financial health by applying for a personal loan with a unique qualifying process like Stiltâs.
Stilt is focused on improving financial inclusion and access to credit at reasonable rates.
Stilt loans are originated by Stilt Inc., NMLS#1641523. Terms and conditions apply. To qualify for a Stilt loan you must reside in an eligible state and meet Stiltâs underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have excellent credit, a responsible financial history and meet other conditions Stilt requires. Rates and terms are subject to change at anytime without notice and are subject to state restrictions. Not all amounts and rates are available in all states. To check rates and terms Stilt may be able offer you a soft credit inquiry that will be made. This soft inquiry will not affect your credit score. However, if you choose to accept a Stilt loan offer, a hard inquiry from one or more of the consumer reporting agencies will be required. A hard inquiry may affect your credit score. There will be an origination fee charged for the loans for up to 8% of the loan amount. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, repayment ability, income and other factors. All applications are subject to additional terms and conditions. If you could receive a $10,000 loan with a term of 18 months with an APR of 13.00%, the monthly payment will be $614.48. No down payment is required. The minimum loan amount in $6,001 in MA, $3,001 in GA and $10,001 in CA.
Take just two minutes to answer questions about yourself and the loan you need. This service is free, and it won't affect your credit score.
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The Bankrate guide to choosing the right personal loan with good credit
Why trust Bankrate?
At Bankrate, our mission is to empower you to make smarter financial decisions. We’ve been comparing and surveying financial institutions for more than 40 years to help you find the right products for your situation. Our award-winning editorial team follows strict guidelines to ensure the content is not influenced by advertisers. Additionally, our content is thoroughly reported and vigorously edited to ensure accuracy.
If you have good credit, you should be able to find a loan offer with competitive interest rates and fair terms. While you likely won’t receive the absolute lowest APR, shopping around will help you find a lender that meets your needs.
Loan details presented here are current as of the publication date. Check the lenders’ websites for more current information. The lenders listed here are selected based on factors such as credit requirements, APR, loan amounts and fees. If you’re on the hunt for a good-credit personal loan, start your research here. To learn more, read our methodology section.
Best personal loans for good credit in September 2021
Min. Credit Score
High borrowing limits
5.99%–19.63% (with autopay)
Personal loans without any fees
Marcus by Goldman Sachs
6.99%–19.99% (with autopay)
Borrowing money from other investors
Borrowers who can qualify for the best rates
2.49%–19.99% (with autopay)
5.97%–29.99% (with autopay)
Borrowers with “okay” credit
A range of repayment terms
Borrowers who want to price shop
2.49%–35.99% (with autopay)
Borrowers who want other factors considered in their applications
Starting at 4.99%
Varies by location
Borrowers who want to consolidate credit card debt
Average personal loan interest rates by credit rating
Average personal loan interest rates depend on the borrower's credit score, ranging from as low as 10.3 percent for a borrower with excellent credit to as high as 32 percent for a borrower with poor credit.
Overview: SoFi may be best known for its popular student loan refinancing products, but this lender also offers personal loans for good credit. Interest rates start at just 5.99 percent APR.
Perks: If you lose your job while you’re repaying your loan, SoFi offers a program that can temporarily pause your payments for up to 12 months. (Interest will still accrue during that time and be added to your principal balance, so you can choose to make interest-only payments). SoFi loans also come with no origination fees and no prepayment fees.
What to watch out for: SoFi loans may be slightly slower to arrive than loans from other companies. SoFi claims that you can receive the funds "within a few days," while other lenders boast next-day funding.
Why SoFi is the best for high borrowing limits: You may be able to borrow up to $100,000 if you qualify; many lenders cap personal loans around $40,000 or $50,000.
Impact on good-credit borrowers: Both SoFi's minimum and maximum rates are on the low end for personal loans, so you're likely to find a competitive interest rate regardless of where you fall on the good-credit spectrum.
Overview: Marcus by Goldman Sachs is an online lender that offers personal loans to consumers with good credit. Interest rates start at 6.99 percent APR for those who can qualify.
Perks: Marcus by Goldman Sachs offers a 0.25 percent discount when you enroll in autopay, and you can receive your loan funds in as few as three days once you’re approved. Another unique benefit is Marcus' on-time-payment reward, which allows you to skip one payment if needed for every 12 months of consecutive payments.
What to watch out for: Borrowing limits top out at $40,000, relatively low compared to some lenders in these rankings.
Why Marcus by Goldman Sachs is the best for personal loans without fees: These loans come without any fees, so you won't have to worry about origination fees or even late fees.
Impact on good-credit borrowers: If you want to keep the overall costs of your loan low, Marcus could be a good fit; good-credit borrowers may qualify for competitive rates.
Overview: LendingClub is a peer-to-peer lending platform, meaning you’ll borrow money from individual investors instead of from a traditional bank. However, the borrowing process is very much the same. You can borrow up to $40,000 for any reason through LendingClub.
Perks: LendingClub may be a particularly good option if your credit score is slightly below average. You can also check your rate online and without a hard inquiry on your credit report.
What to watch out for: Interest rates are higher for good-credit personal loans when compared to some other lenders on our list, with rates starting at 7.04 percent APR. Also note that you’ll pay an origination fee on your loan that is equal to 3 percent to 6 percent of your loan amount.
Why LendingClub is the best for borrowing money from other investors: LendingClub operates differently from banks, pooling money from investors to fund loans. This gives the company far more flexibility in evaluating potential borrowers’ credit.
Impact on good-credit borrowers: LendingClub doesn't have the lowest interest rates available, but it could be a viable option if your credit score is on the lower end of the good-credit band, since it also allows joint applications. Applying with another person who has excellent credit could help you qualify for LendingClub's lowest rates.
LightStream: Best for borrowers who can qualify for the best rates
Overview: LightStream offers personal loans for good credit that can be used for nearly any purpose, and it makes the online application process a breeze. You can borrow up to $100,000, and APRs start at 2.49 percent for those who qualify.
Perks: LightStream offers one of the broadest ranges of loan terms out there, with repayment periods from two to 12 years. It also offers to beat the rate of a competing lender by 0.1 percentage points.
What to watch out for: LightStream's minimum loan amount is $5,000. If you're looking for a loan below that amount, you'll have to find a different lender.
Why LightStream is the best for borrowers who can qualify for the best rates: LightStream not only has a low starting rate, but also promises to beat the rate of a competing lender by 0.1 percentage points.
Impact on good-credit borrowers: If you have extremely good credit, LightStream is likely the best lender out there in terms of low interest rates.
Overview: Prosper is a peer-to-peer lender that lets you borrow money for nearly any reason, and then pay it back with a fixed interest rate and fixed monthly payment. Interest rates start at 7.95 percent APR, and you can borrow up to $40,000 if you qualify.
Perks: Prosper lets you check your rate online and without a hard inquiry on your credit report. It also provides loan funds as soon as the next business day after you accept the loan offer and complete the verification process.
What to watch out for: Prosper charges an origination fee that can be as high as 5 percent of your loan amount, depending on your creditworthiness. Prosper also lists several eligibility requirements that may make it tough for some people to qualify: You must have a debt-to-income ratio of no more than 50 percent, at least three open trades reported on your credit report and fewer than five credit bureau inquiries within the last six months.
Why Prosper is the best for joint loans: Unlike many other personal loan lenders, Prosper allows co-borrowers on its loans, which could help your odds at approval if you're having trouble qualifying on your own.
Impact on good-credit borrowers: Even if you have good credit, some lenders impose minimum income requirements on their personal loans that could make it hard for you to qualify. While Prosper does have fairly strict eligibility requirements, it will accept any income over $0.
4.4 / 5.0
Min. Credit Score
7.95% to 35.99%
$2,000 to $40,000
3 or 5 years
Min. Annual Income
Origination fee: 2.41% to 5%; Late fee: greater of $15 or 5%; Insufficient funds fee: $15; Check fee: lesser of $5 or 5%
Overview: You can borrow up to $45,000, and interest rates start at 5.97 percent APR with autopay. Rocket Loans expedites the online application process through preapproved offers that take mere seconds.
Perks: You can get prequalified online without a hard inquiry on your credit report. While Rocket Loans doesn't specify a minimum credit score requirement on its website, borrowers report eligibility in the low to mid-600s.
What to watch out for: Rocket Loans' origination fee can be as high as 6 percent of your loan amount.
Why Rocket Loans is the best for fast funding: Rocket Loans boasts speedy personal loans, with preapproved offers within seconds and funding by the next business day, or on the same day in some cases.
Impact on good-credit borrowers: The main draw of Rocket Loans is its speed; if your credit is good enough to qualify you for one of Rocket Loans' products, you likely won't find a faster way to receive funds.
4.5 / 5.0
Min. Credit Score
5.97% to 29.99% (with autopay)
$2,000 to $45,000
36 or 60 months
Min. Annual Income
Origination fee: 1% to 6%; Late fee: $15; Returned check fee: $15
Overview: Best Egg lets you borrow up to $50,000 and has competitive rates starting at just 4.99 percent APR.
Perks: Qualified borrowers can receive funds from Best Egg in as little as one day after approval. Best Egg also doesn't charge prepayment fees, meaning you can make additional payments whenever you'd like in order to pay your loan off faster.
What to watch out for: This company charges an origination fee that can be as high as 5.99 percent of your loan amount.
Why Best Egg is the best for borrowers with “okay” credit: Best Egg’s minimum credit score is 600, which is considerably lower than the minimums for lenders that disclose their credit requirements. Other lenders on this page require credit scores of at least 640 to 680.
Impact on good-credit borrowers: High-income earners with good credit will most benefit from Best Egg's loans; the best rates go to borrowers with a minimum individual annual income of $100,000 and a minimum credit score of 700.
4.6 / 5.0
Min. Credit Score
4.99% to 35.99%
$2,000 to $50,000
3 to 5 years
Min. Annual Income
Origination fee: 0.99% to 5.99%; Late fee: $15; Returned payment fee: $15
Overview: Discover personal loans come without any origination fees. You can apply online and qualify for fixed interest rates starting at just 6.99 percent APR. Discover personal loans also come in amounts up to $35,000.
Perks: You won’t pay any up-front fees with Discover, and. Funds disbursement is also quick; you may receive your loan as soon as the next business day. If you decide that you no longer need your loan, Discover allows you to cancel the loan within 30 days without charging interest. The lender also provides its free Credit Scorecard that includes your FICO credit score and the number of recent inquiries on your credit.
What to watch out for: Discover has a lower maximum borrowing limit than some competing lenders, which means it won’t be a good option for people who need large sums of money.
Why Discover is the best for a range of repayment terms: While many lenders have only two or three options for a repayment term, Discover offers five. It lets you choose a repayment term of 36, 48, 60, 72 or 84 months if you qualify.
Impact on good-credit borrowers: Borrowers with good credit could qualify for Discover's wide range of repayment options. Because of this, you can choose the term that best suits your budget.
Credible: Best for borrowers who want to price shop
Overview: Credible is a loan aggregation website that lets you compare personal loans from multiple providers all in one place. Interest rates can start at low as 2.49 percent APR, and you may be able to borrow up to $100,000.
Perks: Credible allows you to compare multiple loan rates in one place, and you can find your rate without a hard inquiry on your credit report. It could be a good option if you are looking to save time in your process of rate shopping.
What to watch out for: Credible is a loan comparison site, so it won’t be your actual lender. As such, fees, terms and available loan amounts will vary based on the lenders you're matched with.
Why Credible is the best for borrowers who want to price shop: Credible aggregates loan providers into a list available for you to review. On this platform, you can compare the best rates and terms that work with your needs, financial situation and credit.
Impact on good-credit borrowers: With good credit, you're likely eligible for some of the lowest rates on the market. Credible can help you find the lenders that will offer you those rates, saving you time in your research.
Min. Credit Score
2.49% to 35.99% (with autopay)
$600 to $100,000
12 to 84 months
Min. Annual Income
Origination fee: 0% to 8%
Earnest: Best for people who want other factors considered in their applications
Overview: Earnest partners with Fiona, a personal loan search engine also used by several other lenders profiled on this page, in order to match you with loan offers from multiple lenders. This is an easy way to compare offers without impacting your credit score.
Perks: Earnest has always advertised the fact that it looks at more than your credit score when you apply for a personal loan. For example, it examines data such as your education level and your future earning potential. Now that Earnest works with a loan marketplace, it's possible that you'll have even more options available if you have dings in your credit history.
What to watch out for: Earnest doesn't offer loans itself; through Fiona, it matches you with lenders. This means that your available terms, loan amounts and APRs will vary by lender.
Why Earnest is the best for borrowers who want other factors considered in their applications: Instead of making an approval decision based only on your credit history and income, Earnest will consider other aspects of your financial situation, such as a consistent contribution to a savings account.
Impact on good-credit borrowers: Like Credible, Earnest is a good way to compare offers from multiple providers. A good credit score will help you qualify for the broadest loan repayment options and the highest loan amounts.
Overview: You can borrow between $5,000 and $15,000 if you qualify, and APRs vary by location.
Perks: Citizens Bank personal loans don’t have any fees, which helps keep the cost of borrowing down.
What to watch out for: Citizens Bank's loan amounts are extremely limited; you can borrow only $5,000 to $15,000, which may not be enough for some projects. Additionally, you currently cannot apply for a loan online.
Why Citizens Bank is the best for rate discounts: Citizens Bank loans may be particularly attractive for borrowers who already have a relationship with the bank. In addition to a 0.25 percentage point discount for automatic payments, borrowers are eligible for a 0.25 percentage point discount if they have a qualifying account with Citizens Bank.
Impact on good-credit borrowers: If you have good credit and you already have a relationship with Citizens Bank, it could be a lender worth pursuing. Not only will having a relationship with the bank earn you discounts, but it may also help to manage all of your finances in one place.
Min. Credit Score
Varies by location
$5,000 to $15,000
3 to 5 years
Min. Annual Income
Payoff: Best for borrowers who want to consolidate credit card debt
Overview: Payoff offers personal loans that are specifically for consumers who want to consolidate and pay off high-interest credit card debt. These loans offer fixed rates that start at 5.99 percent APR, and you can borrow up to $40,000.
Perks: These loans don’t charge any prepayment fees, application fees or late fees. Payoff is also committed to the empowerment of its members; it provides free monthly FICO score updates and personalized quarterly check-ins during the first year of your loan.
What to watch out for: An origination fee of up to 5 percent can apply, which includes closing costs and maintenance fees. Additionally, Payoff personal loans can only be used to consolidate or pay off credit card debt, so their utility is slightly limited.
Why Payoff is the best for borrowers who want to consolidate credit card debt: Loan amounts range from $5,000 to $40,000, enough to cover large amounts of credit card debt. Payoff doesn’t charge a prepayment penalty, and the company’s member benefits are meant to encourage borrowers to pay extra on their loans to get out of debt faster.
Impact on good-credit borrowers: Even borrowers with good credit likely have room to improve their credit scores. Payoff's free monthly FICO score update is a great perk to help you track your score as you pay your loan off.
A personal loan for good credit is a low-interest loan that offers fair terms. Qualifying for one of these loans typically requires a strong credit history and a reliable source of income, although lenders may list additional requirements.
What is a good credit score to get a loan?
In general, lenders consider anything above a 670 FICO credit score to be "good" credit, although "very good" credit scores are above 740 and "excellent" credit scores are above 800. You're likely to be approved for a loan with a good credit score, and the higher your score, the lower your rates will be.
How to get a good-credit loan
Loans with low APRs and fair terms are attainable if you keep your finances and credit score in good shape. For the best chances at qualifying for a good-credit loan, keep these tips in mind:
Shop around with multiple lenders: All lenders use your personal information differently to calculate your APR. They may also have different definitions of "good" credit, so a score of 680 may net you a lower rate with one lender than with another.
Apply for preapproval whenever possible: Many lenders give you the option to apply for preapproval online. This process allows you to see if you qualify for a loan with a lender without that lender doing a hard credit check — meaning your credit score won't be hurt in the process.
Pay down debt: One of the best ways to improve your credit score in order to get a good-credit loan is to start paying off debt. Having a low debt-to-income (DTI) ratio boosts your credit score, and lenders may also calculate your DTI ratio to determine which APRs and loan terms you qualify for.
Check your credit score: Some lenders disclose their minimum credit scores or the average scores of their borrowers, and knowing your credit score can help you determine if a lender is the right fit for you. You can purchase your credit score from one of the three major credit bureaus — TransUnion, Experian and Equifax — or check with your existing financial institutions to see if any provide scores for free.
How to choose a good-credit lender
As you compare the lenders we’ve outlined in our rankings, there are several factors you should consider. For example:
How much you need to borrow: Whether you’re looking to pay for a car repair or a kitchen remodel, make sure the lender offers the loan amount you need. Some offer loans as small as $600, and some offer as much as $100,000.
How long you need to repay your loan: Choosing a lender with loan terms as short as one year could help you get out of debt faster, but choosing one that offers terms of five year or longer could help you get low monthly payments.
Whether your credit score qualifies you for the lowest APR: The best advertised rates go to borrowers with excellent credit and sufficient income. Unless you fit that profile, you’re unlikely to secure the minimum APR and the loan will cost you more in interest.
Whether you can check your rate online before applying: Prequalification uses a soft pull on your credit, which doesn’t hurt your credit. Lenders that offer prequalification will show you the loan rates and terms you might qualify for without requiring a completed application.
Any of the lenders on this page could provide the best personal loan for your needs. However, you should compare all of your options to ensure that you wind up with the right loan amount and the lowest interest rate you can qualify for. Also make sure you check for fees like origination fees, prepayment fees, late fees and application fees.
Using a personal loan calculator also lets you estimate your monthly payment, which can help you figure out how to fit your new loan into your existing monthly budget. The best loans for good credit provide the cash you need at a price you can afford.
How much will it cost to take out a loan?
As soon as you receive funds from your personal loan, you'll enter the repayment period, during which you'll make regular payments that include both the principal (the amount of your loan) and interest (an additional amount calculated based on your APR).
Your APR is determined based on things like your credit score and income. Generally, the higher your credit score, the lower your APR and the less interest you'll pay over the life of your loan.
Other loans you can get with good credit
A personal loan isn't the right fit for everyone. A few other loans for good credit include:
Home equity loan: Using the equity in your home, you can take out a sizable loan with a potentially lower interest rate. The downside is that the loan is secured by your home, putting you at risk of foreclosure if you fail to keep up with payments.
Home equity line of credit (HELOC): Like a home equity loan, a HELOC lets you use your home to secure a loan based on your home equity. The difference is that a HELOC does not give you loan funds up front; instead, you can draw from your credit line as needed.
Personal line of credit: A personal line of credit is similar to a credit card, but you may be able to get a lower interest rate if you have good credit. These are a good alternative to a personal loan if you need to manage ongoing expenses rather than one large expense.
Zero-interest credit card: If you feel confident that you can pay back your expenses quickly, a credit card with a 0 percent introductory rate may be a good option. This way, you can borrow money and pay it back over 12 to 18 months without having to pay additional interest.
Can a personal loan help build your credit?
A personal loan may improve your credit score if you manage it responsibly. If you make on-time payments, it can help your credit score in a few ways:
Payment history: Your credit score takes into account how often you make timely payments on credit accounts.
Credit utilization ratio: If you use your personal loan to pay off other types of debt, you may be able to decrease the overall amount of credit you're using, which helps your score.
Credit mix: One way to improve your credit score is to hold a diverse mix of credit types, such as credit cards, auto loans and personal loans.
Tips to improve your credit score
Even if you have good credit, putting in a little work to raise your credit score could save you money on your loan. Use these tips to boost your score:
Look for errors on your reports. You can access one free annual credit report each from Experian, TransUnion and Equifax (weekly reports are free through April 2022). Regularly examining your reports can help you catch any errors and make sure you aren't being penalized for a financial misstep you didn't make.
Make on-time payments. One of the best ways to improve your credit score is to make timely payments on all of your bills. If you're having trouble remembering to make payments, see if any of your lenders offer autopay.
Pay down debt. Pay off as much debt as you can before applying for a loan. This will not only improve your credit score, but also lower your debt-to-income ratio, which many lenders take into account.
Avoid opening new accounts. It's good to have a diverse credit mix, but it's best to avoid opening too many new accounts within a short time frame, as each application will run a hard check on your credit, lowering your score slightly.
Don't close old accounts. Credit scoring agencies take a close look at the age of your existing accounts. Even if you have an old credit card that you no longer use, keeping it open could be beneficial for your score.