Best personal loans for good credit in February 2026

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Use Bankrate's calculator to find the most affordable terms and see how much you benefit from lower rates because of your good credit score. By putting in the loan amount, loan term and interest rate, you can calculate your loan payment and compare estimates. 

How to compare personal loan lenders for good credit

Get prequalified with at least three lenders to better compare your personal loan options and determine the best one for your financial goals. When comparing lenders, keep an eye on your interest rate, repayment options and other factors.

• Interest rates: The lowest advertised personal loan rate is never guaranteed — even with good credit — so compare quotes by prequalifying when you can.
• Loan amounts: If you need a loan for something small, like a minor car repair, you'll want to make sure the lender offers low loan amounts. On the flip side, if you need a large loan, make sure the lender's maximum loan amount covers your needs.
• Repayment options: A good personal loan lender usually offers multiple repayment terms. Choose shorter terms for quicker payoffs if you can swing the higher payment or longer terms if you need to keep the payment as low as possible.
• Unique features: Keep an eye out for lenders with any unique perks like price matches or autopay discounts. Also, watch for restrictions on how you can use funds or penalties for paying off the balance early.
• Customer service: Check each lender's customer service options, particularly if you prefer in-person service to online chat or phone banks.

Pros and cons of good credit personal loans

Good credit personal loans come with the usual benefits, including quick funding and lower rates than credit cards. But there are some drawbacks to be mindful of as well. Before borrowing, consider the pros and cons of personal loans.

How to get personal loans for good credit

Applying for a good credit personal loan involves knowing your finances, getting prequalified and comparing offers before submitting a full application.

1. Check your credit: Before applying, check your credit score and report to know exactly which lenders — and what interest rates — you could qualify for. You'll also be able to flag and correct any errors that could be affecting your score.
2. Shop around: It’s never ideal to settle for the first personal loan option you find. Do some research to identify personal loans from traditional banks, credit unions and online lenders that meet your needs. Bankrate has gathered information on this page and created personal loan lender reviews to help you shop and compare all in one place.
3. Get prequalified: Get prequalified online with at least three lenders to view potential loan offers without impacting your credit score.
4. Compare loan offers: When comparing your options, be mindful of the interest rates, loan terms, fees and funding times each lender offers. Also, take note of any perks, like autopay discounts.
5. Gather your documents: Most lenders will request several documents to verify your identity and financial information. Collect a copy of your government-issued ID, proof of address, most recent pay stubs or bank statements and information about your employer.
6. Apply for a loan: Complete the final application and send over the documentation the lender requests to make a lending decision. Many lenders provide same-day or next-day lending decisions, and some offer rapid funding options.

Next steps for getting a personal loan with good credit

Doing your research on personal loans is the best way to make an informed decision on which loan product to get. It also helps ensure a smoother application process.

How we made our picks for the best good credit lenders

To select the best personal loans, Bankrate’s team of experts evaluated over 40 lenders. Each lender was ranked using a meticulous 20-point system, focusing on four categories: