Best Personal Loan Options in the US

Whether you want to finance a car or finance your garage makeover, a personal loan maybe your best option. In this post, we will explore the best personal loan options in the country.

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By Ben Harper

Whether you want to finance a car or finance your garage makeover, a personal loan may be your best option.

Loan terms for personal loans are typically less than 12 years, and the amount is usually between $1,000-$100,000.

Best personal loan options in the US

Lending Partner APR Loan Amount
Upstart Personal Loans by SimpleDirect 9.99 - 35.99% $1k - $35k Apply Now
Avant Personal Loans by SimpleDirect 9.99 - 35.99% $2k - $35k Apply Now
SoFi Personal Loans by SimpleDirect 5.99 - 16.19% $5k - $100k Apply Now
Prosper Personal Loans by SimpleDirect 7.95 - 35.99% $1k - $35k Apply Now

In this post, we will explore the best personal loan options in the country.

Best Personal Loan Options in the US

Best personal loan options

Lending Partner APR Loan Amount
SimpleDirect Personal Loans 5.99 - 35.99% $1k - $50k Apply Now

LightStream

LightStream is SunTrust Bank’s national online consumer lending division. Online personal loans offered by LightStream allow the borrowers to borrow up to $100,000. Borrowers in most states have access to these personal loans.

General Loan Features:

  • APR: 3.49% - 16.79%
  • Min Loan Amount: $5,000
  • Max Loan Amount: $100,000
  • Minimum FICO Credit Score: 660
  • Better Business Bureau Rating: A+
  • Repayment Terms: 24-144 Months

Features:

  • Co-signers accepted
  • Offers 30+ varied loan uses
  • Loan approval up to $100,000
  • No late, origination, or prepayment fees charged.
Best Personal Loan Options in the US

Discover

Discover is mainly known for its credit cards. However, they also offer personal loans up to $35,000.

General Loan Features:

  • APR: 6.99% - 35.89%
  • Min Loan Amount: $2,500
  • Max Loan Amount: $35,000
  • Minimum FICO Credit Score: 660
  • Better Business Bureau Rating: A+
  • Repayment Terms: 36-84 Months

Features:

  • Borrowers are provided free access to the FICO credit score.
  • Only late fees charged
  • Customizable loans available from 36-84 months
Best Personal Loan Options in the US

SoFi

With SoFi, borrowers don’t need to worry about late fees, origination fees. Even better, there is no early payment penalty. This feature is why we at SimpleDirect believe SoFi is one of the most user-friendly lenders in the country.

General Loan Features:

  • APR: 5.99% - 21.11%
  • Min Loan Amount: $5,000
  • Max Loan Amount: $100,000
  • Minimum FICO Credit Score: 680
  • Better Business Bureau Rating: A
  • Repayment Terms: 24-84 Months

Features:

  • No fees
  • Complete digital experience
  • Ability to apply with a co-applicant
Best Personal Loan Options in the US

SoFi Personal Loan Options

Lending Partner APR Loan Amount
5.99 - 16.19% $5k - $100k Apply Now

Best Egg

Best Egg is best suited for high-income borrowers with a fair to excellent credit score, looking for an unsecured personal loan. Once qualified, borrowers receive funding within a day. With the entire process online, the application process is quite easy. If you are looking forward to funding major expenses or consolidating debt, this might be a good fit.

General Loan Features:

  • APR: 3.49% - 19.99%
  • Min Loan Amount: $5,000
  • Max Loan Amount: $100,000
  • Minimum FICO Credit Score: 640
  • Better Business Bureau Rating: A+
  • Repayment Terms: 24-144 Months

Features:

  • Instant Approval & Lending
  • Accessible to almost all the borrowers
  • Lower fees
Best Personal Loan Options in the US

Peerform

Peerform is a peer-to-peer lending platform connecting borrowers across the country with individual investors financing loans. If you have a credit score higher than 600, then you may qualify for loans up to $25,000.

General Loan Features:

  • APR: 5.99% - 29.99%
  • Min Loan Amount: $4,000
  • Max Loan Amount: $25,000
  • Minimum FICO Credit Score: 600
  • Better Business Bureau Rating: A+
  • Repayment Terms: Undisclosed

Features:

  • Outstanding customer service
  • Entire digital process
  • Offers loan to borrowers with a fair credit score
Best Personal Loan Options in the US

Upstart

Upstart is a popular national online lender that equips artificial intelligence in its arsenal for automating about 2/3rd of the lending decisions. If you are a borrower with a fair or excellent credit score, you can connect with investors willing to offer personal loans for up to $50,000.

Upstart Personal Loan Options

Lending Partner APR Loan Amount
Upstart Personal Loans by SimpleDirect 9.99 - 35.99% $1k - $35k Apply Now

Since its foundation in 2012, the platform has originated 500,000+ loans.

Before You Apply:

  • APR: 6.18% - 35.59%
  • Min Loan Amount: $1,000
  • Max Loan Amount: $50,000
  • Minimum FICO Credit Score: 620
  • Better Business Bureau Rating: A+
  • Repayment Terms: 36-60 Months

Features:

  • The minimum loan amount is $1,000
  • Borrowers are provided with a financial fitness dashboard, allowing them to modify the payment dates as well as view their credit score updates.
  • In some cases, it accepts some applicants with no or fair credit history.
Best Personal Loan Options in the US

Conclusion

These are some of the best personal loan options in the US that our experts at SimpleDirect have found. Our platform can help you find tailored rates in a secure and easy 1-minute application.

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Ben Harper

Ben is a personal finance writer with SimpleDirect, where he focuses on topics such as personal loans, credit cards, and offering financing.

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Best personal loan options

Lending PartnerAPRLoan Amount
Upstart Personal Loans by SimpleDirect9.99 - 35.99%$1k - $35kApply Now
Avant Personal Loans by SimpleDirect9.99 - 35.99%$2k - $35kApply Now
Sofi Personal Loans by SimpleDirect5.99 - 16.19%$5k - $100kApply Now
Prosper Personal Loans by SimpleDirect7.95 - 35.99%$1k - $35kApply Now

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