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Best personal loans for good credit in September 2022

As of September 24, 2022
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Bankrate analyzes the best personal loans for borrowers with good credit. We consider the interest rates, terms and features each lender has to offer. We also evaluate alternatives to personal loans, current rates and other information to help you decide if a personal loan is the right move for you. 
 
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. 
 
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.
 
The best personal loan interest rates currently range from about 3 percent to 36 percent. The actual rate you receive depends on multiple factors, including your credit score, annual income and debt-to-income ratio. Consider the interest rate you qualify for, as well as additional features before choosing a lender.
 
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4.6

Bankrate Score
APR from

5.73%*

with Autopay
Loan Amount

$5k- $100k*

Term: 2-6 yr*
Min. Credit

Not disclosed

Apply on partner site

4.8

Bankrate Score
APR from

7.46- 35.97%

with AutoPay
Loan Amount

$1k- $50k

Term: 2-7 yr
Min. Credit

Not disclosed

Check rate with Bankrate

4.6

Bankrate Score
APR from

5.99%

3 or 5 year term
Loan Amount

$2k- $50k

Term: 3-5 yr
Min. Credit

Not disclosed

Check rate with Bankrate

4.6

Bankrate Score
APR from

7.99- 23.43%

with AutoPay
Loan Amount

$5k- $100k

Term: 2-7 yr
Min. Credit

Not disclosed

Check rate with Bankrate

4.6

Bankrate Score
APR from

5.99- 24.99%

Loan Amount

$5k- $40k

Term: 2-5 yr
Min. Credit

Not disclosed

Check rate with Bankrate

4.8

Bankrate Score
APR from

6.99- 24.99%

Loan Amount

$3.5k- $40k

Term: 3-6 yr
Min. Credit

Not disclosed

Check rate with Bankrate

4.4

Bankrate Score
APR from

6.99- 35.99%

Loan Amount

$2k- $50k

Term: 2-5 yr
Min. Credit

Not disclosed

Check rate with Bankrate

4.4

Bankrate Score
APR from

7.99- 35.99%

Loan Amount

$2k- $37k

Term: 2-5 yr
Min. Credit

Not disclosed

Check rate with Bankrate

4.3

Bankrate Score
APR from

8.30- 36.00%

Loan Amount

$1k- $40k

Term: 3-5 yr
Min. Credit

Not disclosed

Check rate with Bankrate

4.5

Bankrate Score
APR from

9.95- 35.95%

Loan Amount

$2k- $35k

Term: 2-5 yr
Min. Credit

Not disclosed

Check rate with Bankrate

3.8

Bankrate Score
APR from

18.00- 35.99%

Loan Amount

$1.5k- $20k

Term: 2-5 yr
Min. Credit

None

Check rate with Bankrate

4.3

Bankrate Score
APR from

34.00- 155.00%

Loan Amount

$1k- $10k

Term: 0.5-5 yr
Min. Credit

Not disclosed

Check rate with Bankrate

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.

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.
CREDIT BAND CREDIT SCORE RANGE AVERAGE PERSONAL LOAN INTEREST RATE
Excellent Credit 720–850 10.3%–12.5%
Good Credit 690–719 13.5%–15.5%
Average Credit 630–689 17.8%–19.9%
Bad Credit 300–629 28.5%–32%

Best personal loans for good credit in September 2022

BEST FOR LENDER APR RANGE MIN CREDIT SOCRE LOAN AMOUNT
High borrowing limits SoFi 7.99%-23.43% (with autopay) 680 $5,000–$100,000
Personal loans without any fees Marcus by Goldman Sachs 6.99%–24.99% (with autopay) Not specified $3,500–$40,000
Borrowing money from other investors LendingClub 8.30%–36.00% 600 $1,000–$40,000
Borrowers who can qualify for the best rates LightStream 5.73%–19.99% (with autopay) Not specified $5,000–$100,000
Joint loans Prosper 6.99%–35.99% 640 $2,000–$50,000
Fast funding Rocket Loans 7.727%–29.99% (with autopay) Not specified $2,000–$45,000
Borrowers with “okay” credit Best Egg 5.99%–35.99% 700 $2,000–$50,000
A range of repayment terms Discover 5.99%–24.99% 660 $2,500–$35,000
Borrowers who want to price shop Credible 4.49%–35.99% (with autopay) Varies $600–$100,000
Borrowers who want other factors considered in their applications Earnest Starting at 3.49% Varies $1,000–$100,000
Rate discounts Citizens Bank Varies by location Not specified $5,000–$15,000
Borrowers who want to consolidate credit card debt Happy Money (Payoff) 5.99%–24.99% 640 $5,000–$40,000

Best for high borrowing limits

Min. credit score:
Not disclosed
Fixed APR From:
7.99% –23.43%
Loan amount:
$5,000–$100,000
Term lengths:
2 to 7 years
Min. annual income:
$30,000
Overview: SoFi offers personal loans from $5,000 to $100,000 with loan terms from 24 to 84 months and APRs starting at 7.99 percent.
Why SoFi is 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.

Best for personal loans without any fees

Min. credit score:
Not disclosed
Fixed APR From:
6.99% –24.99%
Loan amount:
$3,500–$40,000
Term lengths:
3 to 6 years
Min. annual income:
$35,000
Overview: Marcus by Goldman Sachs offers personal loans from $3,500 to $40,000 with loan terms from 36 to 72 months and APRs starting at 6.99 percent. 
Why Marcus by Goldman Sachs is best for personal loans without any fees: These loans come without any fees, so you won't have to worry about origination fees or even late fees.

Best for borrowing money from other investors

Min. credit score:
Not disclosed
Fixed APR From:
8.3% –36%
Loan amount:
$1,000–$40,000
Term lengths:
3 to 5 years
Min. annual income:
$0
Overview: LendingClub is a peer-to-peer lending platform that offers personal loans from $1,000 to $40,000. APRs start at 8.30 percent and borrowers can choose a loan term of 3 or 5 years. 
Why LendingClub is 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.

Best for borrowers who can qualify for the best rates

Min. credit score:
Not disclosed
Fixed APR From:
5.73%
Loan amount:
$5,000–$100,000
Term lengths:
2 to 6 years
Min. annual income:
$50,000
Overview: LightStream offers personal loans from $5,000 to $100,000 with loan terms from 24 to 84 months and APRs starting at 5.73 percent. 
Why LightStream is 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.

Best for joint loans

Min. credit score:
Not disclosed
Fixed APR From:
6.99% –35.99%
Loan amount:
$2,000–$50,000
Term lengths:
2 to 5 years
Min. annual income:
$0
Overview: Prosper is a peer-to-peer lending platform offering personal loans from $2,000 to $50,000. APRs start at 6.99 percent and borrowers can choose a loan term from 24 to 60 months. 
Why Prosper is 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.

Best for borrowers with “okay” credit

Min. credit score:
Not disclosed
Fixed APR From:
5.99%
Loan amount:
$2,000–$50,000
Term lengths:
3 to 5 years
Min. annual income:
$0
Overview: Best Egg offers personal loans from $2,000 to $50,000 with loan terms from 36 to 60 months and APRs starting at 5.99 percent.
Why Best Egg is best for borrowers with “okay” credit: Best Egg personal loans require a minimum credit score of 700, making it an accessible option for borrowers on the lower end of good credit. 

Best for a range of repayment terms

Min. credit score:
660
Fixed APR From:
5.99% –24.99%
Loan amount:
$2,500–$35,000
Term lengths:
3 to 7 years
Min. annual income:
$25,000
Overview: Discover offers personal loans from $2,500 to $35,000 with loan terms from 36 to 84 months and APRs starting at 5.99 percent. 
Why Discover is 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. 

Best for borrowers who want other factors considered in their applications

Min. credit score:
Not disclosed
Fixed APR From:
3.22% –12.78%
Loan amount:
$1,000–$350,000
Term lengths:
5 to 20 years
Min. annual income:
$35,000
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.
Why Earnest is 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. 

Best for rate discounts

Min. credit score:
Not disclosed
Fixed APR From:
4.24% –9.93%
Loan amount:
$1,000–$350,000
Term lengths:
5 to 15 years
Min. annual income:
$12,000
Overview: Citizens Bank offers personal loans from $5,000 to $15,000 with loan terms from 3 to 5 years. APRs vary by location.
Why Citizens Bank is 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. 

Best for borrowers who want to consolidate credit card debt

Min. credit score:
Not disclosed
Fixed APR From:
5.99% –24.99%
Loan amount:
$5,000–$40,000
Term lengths:
2 to 5 years
Min. annual income:
$30,000
Overview: Payoff offers personal loans from $5,000 to $40,000 with loan terms from 2 to 5 years and APRs starting at 5.99 percent. 
Why Payoff is 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. 

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.

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.

Frequently asked questions about good credit loans

Methodology

To select the top personal loan lenders for good credit borrowers, 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.