Personal loans can help you cover emergencies, pay off debt, or fund big projects like home improvements. But with so many lenders in the United States, finding the right one can be confusing.
In this guide, we list some of the best personal loan companies in the USA, based on their interest rates, approval speed, customer service, and overall value.
1. SoFi – Best for No Fees and Member Perks
Key Features:
- Loan amounts: $5,000 to $100,000
- APR: 8.99% – 25.81% (with AutoPay)
- No origination fees, late fees, or prepayment penalties
- Unemployment protection and free financial advice
Why It’s Great:
SoFi stands out because it doesn’t charge any fees. It also offers career coaching and financial planning tools to help you stay on track. This is ideal for professionals or borrowers who want more than just a loan.
2. LightStream – Best for Low Interest Rates
Key Features:
- Loan amounts: $5,000 to $100,000
- APR: 7.49% – 25.49% (with AutoPay)
- Same-day funding available
- No fees
Why It’s Great:
LightStream is a division of Truist Bank and is known for low rates, especially for borrowers with good credit. It’s perfect if you need a large loan and want to save on interest.
3. Marcus by Goldman Sachs – Best for Debt Consolidation
Key Features:
- Loan amounts: $3,500 to $40,000
- APR: 6.99% – 24.99%
- No fees at all
- Custom payment options
Why It’s Great:
Marcus is a reliable choice for consolidating debt. With flexible payment dates and zero fees, it’s great for managing existing credit card balances or loans.
4. Upstart – Best for Fair or Limited Credit
Key Features:
- Loan amounts: $1,000 to $50,000
- APR: 7.8% – 35.99%
- Fast online approval, even with lower credit scores
- Approval based on education and job history, not just credit
Why It’s Great:
Upstart uses artificial intelligence to look beyond your credit score. It’s one of the best options for younger borrowers or those with a thin credit history.
5. Avant – Best for Bad Credit
Key Features:
- Loan amounts: $2,000 to $35,000
- APR: 9.95% – 35.99%
- Works with credit scores as low as 580
- Fast approval and funding
Why It’s Great:
Avant is one of the few trusted lenders that help people with bad or average credit. It offers flexible terms and quick access to money in emergencies.
6. Discover Personal Loans – Best for Customer Service
Key Features:
- Loan amounts: $2,500 to $40,000
- APR: 7.99% – 24.99%
- No origination or prepayment fees
- 30-day money-back guarantee
Why It’s Great:
Discover is a well-known brand that offers personal loans with great customer support. If you change your mind, you can return the loan within 30 days at no cost.
7. Best Egg – Best for Quick Funding
Key Features:
- Loan amounts: $2,000 to $50,000
- APR: 8.99% – 35.99%
- Same-day or next-day funding
- Best for fast approvals
Why It’s Great:
Best Egg is a great choice if you need money quickly. It works well for one-time expenses like car repairs or medical bills and offers easy online applications.
Tips for Choosing the Right Loan Company
- Check your credit score – Your score will affect your loan terms.
- Compare interest rates – A lower APR means lower total costs.
- Look for hidden fees – Avoid lenders with high origination or late payment fees.
- Read reviews – Customer service matters, especially during repayment.
- Choose the right loan term – Longer terms have lower monthly payments, but more interest over time.
Final Thoughts
There’s no one-size-fits-all answer when it comes to personal loans. The best loan company for you depends on your credit score, financial needs, and how fast you need the money.
Always compare several lenders before applying. The companies listed above are among the most trusted and popular in the U.S., offering solid options whether you have excellent credit or are just starting to build it.
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