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| Lender | User ratings | Best for... | APR range | Loan amounts | Credit required | Repayment terms | |
|---|---|---|---|---|---|---|---|
 | Quick funding | 5.99% - 35.99% | $3,500 - $40,000 | 680 | 24 to 60 months | See Personalized Results | |
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User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Borrowers with bad credit | 6.40% - 35.99% | $1,000 - $50,000 | 300 | 36 and 60 months | See Personalized Results |
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User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Peer-to-peer loans | 6.99% - 35.99% | $2,000 - $50,000 | 560 | 24 to 60 months | See Personalized Results |
 | User ratings coming soon | Current Wells Fargo customers | 7.49% - 23.34% (with discounts) | $3,000 - $100,000 | Not specified | 12 to 84 months | See Personalized Results |
 | No origination fees | 7.49% - 25.49% (with autopay) | $5,000 - $100,000 | Not specified | 24 to 144* months | See Personalized Results | |
 | Small loan amounts | 8.49% - 35.99% (with autopay) | $1,000 - $50,000 | 580 | 24 to 84 months | See Personalized Results | |
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User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Avoiding fees | 8.99% - 25.81% (with autopay) | $5,000 - $100,000 | 680 | 24 to 84 months | See Personalized Results |
 |
User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Borrowers with excellent credit | 8.99% - 35.99% | $2,000 - $50,000 | 600 | 36 to 60 months | See Personalized Results |
 |
User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Interest rate discounts | 8.99% - 35.99% | $5,000 - $50,000 | 620 | 24 to 60 months | See Personalized Results |
 |
User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Short repayment terms | 9.95% - 35.95% | $2,000 - $35,000 | 580 | 12 to 60 months | See Personalized Results |
 | Borrowers with good credit | 11.72% - 24.67% | $5,000 - $40,000 | 640 | 24 to 60 months | See Personalized Results |
4.50%
12-84 months
Up to $0
Credit union car loans tend to offer the lowest rates, and Southeast Financial Credit Union (SFCU) is no exception. Its rates are especially low on short-term car loans. If you have excellent credit, you could qualify for an APR as low as 4.50% on a 12-month term.
If you like to do business in person, though, SFCU might not be the best choice. That is, unless you live in central Tennessee. That’s where all of SFCU’s brick-and-mortar branches are located.
SFCU has a minimum credit score requirement of 600 but doesn’t offer prequalification. You’ll need to agree to a hard credit hit to see if you’re eligible. You also need to join the credit union before you can borrow.
All SFCU members must open a savings account with a deposit of at least $5. To become a member, you must meet one of the requirements below:
| User ratings | |
| APR range | 5.99% - 35.99% |
| Loan amounts | $3,500 - $40,000 |
| Loan terms | 24 to 60 months |
| Origination fee | 0.00% - 8.00% |
| Min. credit score | 680 |
| Pros | Cons |
|---|---|
Access to free monthly credit score Flexible loan amounts and terms Ability to change due date | May charge an origination fee Limited loan use High maximum APR |
Reach Financial offers personal loans specifically for debt consolidation and credit card refinancing. This lender’s 24-hour funding timeline and perk of supplying free access to your monthly credit score makes it a strong contender for consumers looking to pay off their current debts.
If you take out a Reach Financial personal loan, you may have to pay an origination fee (0% to 8%) of your loan amount. This lender’s rates can also get as high as 35.99%. Reach’s limited loan use may not be a good fit for some consumers. Read our full Reach Financial review.
If you want to apply for a Reach Financial personal loan, you’ll need to meet the following criteria:
| User ratings |
User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. |
| APR range | 6.40% - 35.99% |
| Loan amounts | $1,000 - $50,000 |
| Loan terms | 36 and 60 months |
| Origination fee | 0.00% - 12.00% |
| Min. credit score | 300 |
| Pros | Cons |
|---|---|
Flexible loan ranges Able to use loan funds to cover student debt May receive funds as quickly as one business day | Doesn’t offer joint applications or secured loans Limited loan repayment terms Charges an origination fee (0.00% - 12.00%) |
To get a loan from Upstart, you must be a citizen or permanent resident living in the U.S. You must have a current full-time job, a full-time job that starts within six months or another source of income.
| User ratings |
User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. |
| APR range | 6.99% - 35.99% |
| Loan amounts | $2,000 - $50,000 |
| Loan terms | 24 to 60 months |
| Origination fee | 1.00% - 7.99% |
| Min. credit score | 560 |
| Pros | Cons |
|---|---|
Offers quick funding Flexible loan amount options Peer-to-peer lending alternative to traditional lenders | Limited options for loan terms Charges an origination fee Charges late fees |
Prosper is a peer-to-peer lender that connects borrowers with investors. It offers a fast, easy, online process that lets you prequalify for offers before you submit a full application. You’ll get a fixed interest rate that won’t change over the life of your loan, but you may have to pay an origination fee ranging from 1.00% - 7.99%. Read our full Prosper review.
To receive a personal loan from Prosper, you’ll need to meet the following eligibility requirements:
| User ratings | User ratings coming soon |
| APR range | 7.49% - 23.34% (with discounts) |
| Loan amounts | $3,000 - $100,000 |
| Loan terms | 12 to 84 months |
| Origination fee | No origination fees |
| Min. credit score | Not specified |
| Pros | Cons |
|---|---|
High maximum loan amount of $100,000 Charges no origination, closing or prepayment fees May be approved within one business day | High minimum loan amount of $3,000 May charge late fees Only offers personal loans to Wells Fargo customers |
If you’re looking for a large debt consolidation loan, Wells Fargo might be able to help. It offers loans up to $100,000 and repayment terms as long as 12 to 84 months.
Wells Fargo loans don’t include any types of fees, such as origination fees, late fees and prepayment penalties. You can use its online calculator to get an idea of what repayment would look like. On top of that, consumers may receive a loan approval as quickly as one business day. Read our full Wells Fargo review.
In order to be eligible for a personal loan with Wells Fargo, you’ll need to be a current customer with this bank.
| User ratings | |
| APR range | 7.49% - 25.49%* (with autopay) |
| Loan amounts | $5,000 - $100,000* |
| Loan terms | 24 to 144 months* |
| Origination fee | No origination fee |
| Min. credit score | Not specified |
| Pros | Cons |
|---|---|
Low APR (7.49%*) Charges zero fees High maximum loan amount of $100,000 | No prequalification services High minimum loan amount of $5,000 |
LightStream emerges as the winner in several important categories. It offers one of the lowest APRs at the time of writing, with rates starting at just 7.49%. Plus, it offers large-amount loans up to $100,000 and gives you a maximum of 144 months to pay them off. However, LightStream does not offer the opportunity to get preapproved for a loan. Read our full LightStream review.
Because LightStream only approves consumers with good to excellent credit, here’s what qualities they believe fall under the “excellent credit” category:
*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 0.50% 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 $10,000 loan at 5.99% APR with a term of 3 years would result in 36 monthly payments of $304.17. © 2023 Truist Financial Corporation. Truist, LightStream, and the LightStream logo are service marks of Truist Financial Corporation. All other trademarks are the property of their respective owners. Lending services provided by Truist Bank.
| User ratings | |
| APR range | 8.49% - 35.99% (with autopay) |
| Loan amounts | $1,000 - $50,000 |
| Loan terms | 24 to 84 months |
| Origination fee | 1.85% - 9.99% |
| Min. credit score | 580 |
| Pros | Cons |
|---|---|
Flexible loan terms of 24 to 84 months Potential autopay discount May receive funds as soon as one business day | Charges an origination fee (1.85% - 9.99%) Isn’t clear on some eligibility requirements May have to pay late fees |
Upgrade is another online lender that provides debt consolidation loans up to $50,000. It also offers a relatively long repayment term of up to 84 months, but there’s no penalty for paying off your loan earlier. However, you may have to pay an origination fee (1.85% - 9.99%), and you may have to pay a late fee if you’re more than 15 days behind. Read our full Upgrade review.
Aside from its 580 credit score requirement, Upgrade also specifies that consumers will need to meet the following criteria:
| User ratings |
User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. |
| APR range | 8.99% - 25.81% (with autopay) |
| Loan amounts | $5,000 - $100,000* |
| Loan terms | 24 to 84 months |
| Origination fee | 0.00% - 6.00% |
| Min. credit score | 680 |
| Pros | Cons |
|---|---|
Same-day funding available Doesn’t charge any fees Allows for co-applicants | High minimum borrowing amount of $5,000 High minimum credit score requirement Not available to LendingTree customers in Vermont |
SoFi offers some of the largest loan amounts and longest repayment terms on this list of debt consolidation loan companies. You may be able to borrow up to $100,000 and choose a repayment term of up to 24 to 84 months. Plus, you don’t have to worry about being required to pay fees, including an origination fee, on your loan. Read our full SoFi review.
Other than its credit score requirement, SoFi also has requirements around employment. To be eligible, borrowers must either be:
Or:
| User ratings |
User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. |
| APR range | 8.99% - 35.99% |
| Loan amounts | $2,000 - $50,000 |
| Loan terms | 36 to 60 months |
| Origination fee | 0.99% - 8.99% |
| Min. credit score | 600 |
| Pros | Cons |
|---|---|
May receive funds as soon as the next business day Option to change your due date No prepayment penalties for paying your loan off early | Charges an origination fee of 0.99% - 8.99% High credit score requirement (600) High income requirement to receive lowest APR |
Unlike some other loan companies, Best Egg makes its credit score requirements explicit: You must have a score of at least 600 to take out a loan. Assuming you can meet this and other requirements, you could score an APR as low as 8.99% and may be able to borrow up to $50,000. Best Egg says borrowers with a credit score of at least 700 and a minimum individual annual income of $100,000 can get their lowest APR. Read our full Best Egg review.
Other than a minimum credit score of 600, Best Egg does not specify other qualification criteria, such as debt-to-income ratio or credit history. However, you will need to provide the following information during the application process:
| User ratings |
User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. |
| APR range | 8.99% - 35.99% |
| Loan amounts | $5,000 - $50,000 |
| Loan terms | 24 to 60 months |
| Origination fee | 1.99% - 6.99% |
| Min. credit score | 620 |
| Pros | Cons |
|---|---|
May receive loans within 48 hours of approval Can choose your payment due date Allows for co-applicants | Loans are not offered in all 50 states Charges an origination fee of 1.99% - 6.99% High minimum borrowing amount of ($5,000) |
Achieve is another lender worth exploring if you’re looking to borrow more than $5,000. Its loans come with an origination fee between 1.99% - 6.99%, and you can choose a repayment term of 24 to 60 months. Achieve also offers a quick funding timeline with consumers receiving their personal loan funds in as little as 48 hours after they are approved.
There are many ways to receive interest rate discounts from Achieve. You can add a qualified co-borrower with sufficient income, pay off qualifying existing debt with at least 50% of your Achieve debt consolidation loan, and prove you have significant retirement savings to earn a lower APR. Read our full Achieve review.
While Achieve isn’t exactly clear on the specifics, this lender takes the following factors into consideration when deciding whether to approve you for a loan:
| User ratings |
User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. |
| APR range | 9.95% - 35.95% |
| Loan amounts | $2,000 - $35,000 |
| Loan terms | 12 to 60 months |
| Origination fee | Up to 9.99% |
| Min. credit score | 580 |
| Pros | Cons |
|---|---|
Funding as soon as the next business day Low credit score requirements (most Avant borrowers have scores between 600 and 700) No prepayment penalty | Must pay an origination fee (Up to 9.99%) Does not allow for co-applicants Unclear about specific eligibility requirements for personal loans |
Avant offers personal loans for debt consolidation between $2,000 and $35,000, which you can pay off over the course of 12 to 60 months. Two potential downsides to consider: You might have to pay an origination fee of up to 9.99%, and you likely can’t apply with a cosigner, which could make it difficult for some consumers with low credit scores to qualify. Read our full Avant review.
