Personal loans have fixed annual percentage rates, generally between 6% and 36%. The loan with the lowest rate is the least expensive — and usually the best choice. Other features, including no fees, soft credit checks and direct payments to creditors if you’re consolidating debt, set some loans apart.
We always recommend you know your credit score and compare personal loans from multiple lenders before making a choice. Here are our picks for the best personal loans:
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LightStream: Best for home improvement loans.
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SoFi: Best for good to excellent credit.
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Marcus by Goldman Sachs: Best for bank loans.
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Upgrade: Best for fair credit.
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Upstart: Best for short credit history.
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Universal Credit: Best for bad credit.
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Happy Money: Best for credit card consolidation.
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Discover: Best for debt consolidation.
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Best Egg: Best for secured loans.
Why trust NerdWallet? NerdWallet’s editorial team has reviewed more than 35 personal loan providers and compared them to select the best personal loans. We chose these lenders based on features like star ratings, APR ranges, loan amounts and minimum required credit scores.
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