*Borrowers who qualify for personal loans offered through the Credible marketplace typically receive funds within one to five business days.

Unsecured Loans

Unsecured loans offer fast funding without collateral. They can be right for consumers who need to fund a large purchase.

Debt Consolidation Loans

A debt consolidation loan could help you consolidate debt for a lower interest rate and enjoy a simplified repayment plan. They can be a good option for consumers who qualify.

1. Credible – Rates for personal loans provided by Credible range from 4.60% to 35.99% APR with repayment terms from 24 to 84 months. We picked Credible as the best personal loan provider for 2023 because it’s a free and easy way for consumers to compare personal loan rates and their costs using reputable lenders that have been vetted and screened.
2. Above Lending – Rates for personal loans provided by Above Lending range from 4.90% to 35.99% APR with repayment terms from 4 to 84 months.
3. Prosper – Rates for personal loans provided by Prosper range from 7.95% to 35.99% APR with repayment terms from 36 to 60 months.
4. LendingClub – Rates for personal loans provided by LendingClub range from 6.34% to 35.89% APR with repayment terms from 36 to 60 months.
5. Upgrade – Rates for personal loans provided by Upgrade range from 6.55% to 35.97% APR with repayment terms from 24 to 84 months.

Personal loan offers provided from the lenders on this page will have a rate no higher than 35.99%, with repayment terms ranging from 4 to 84 months. Actual rate depends on credit score, loan term, and other factors. Please visit the lender’s website for a representative example of the total cost of the loan, including all applicable fees.

A representative loan example: For a $10,000 personal loan with a 36 month repayment term, 18.49% APR (including a 5% origination fee), you would receive $9,500 and your required monthly payments would be $346.65. Over the life of the loan, you would pay back a total of $12,479.52. The APR for your loan may be higher or lower than this amount. Actual rate depends on credit score, loan term, and other factors. Please visit the lender’s website for a representative example of the total cost of the loan, including all applicable fees.

What is the best online personal loan company?

The best personal loan company varies from person to person, depending on their specific loan purpose, credit score, and financial circumstances.

For individuals with poor credit, Prosper and Upgrade offer personal loans accessible with credit scores as low as 550 to 560, making them ideal choices. Conversely, applicants with good to excellent credit may find personal loans from Above Lending and Credible more suitable.

There isn’t a single universal best lender for every personal loan. As a result, we’ve chosen Credible as our top-rated option for personal loans. Credible stands out because they offer a diversified array of personal loans from the most reputable lenders, making personal loans available to individuals with credit scores ranging from poor to excellent.

Moreover, Credible partners with lenders who leverage artificial intelligence and other cutting-edge methods to assess borrowers, significantly improving the chances of loan approval. This ensures that consumers are connected with the most suitable loan options based on their individual circumstances. Credible’s reputation stands tall too, owned by Fox Corporation, a well-established and trustworthy organization.

What Is Considered Fair Credit? Fair credit is typically defined as having a FICO® Score ranging from 580 to 669 or a VantageScore® score between 601 and 660.

FICO, which stands for The Fair Isaac Corporation, is the scoring system used by 90% of lenders to assess loan eligibility. In the remaining 10% of cases, lenders may use your VantageScore to make credit approval decisions.

What are the Best Personal Loans for Fair Credit?

For those with fair credit, Credible and LendingClub are excellent options for personal loans.

Credible is a website where you can easily compare loan rates without any impact on your credit score, and it won’t cost you a dime to use their services. They are compensated by lenders only if your loan application gets approved.

For fair credit applicants, Credible allows you to compare personal loan rates from Avant, Best Egg, Discover, Happy Money, LendingClub, LendingPoint, LightStream, OneMain Financial, PenFed Credit Union, Universal Credit, Upgrade, and Upstart, all in one go. Interest rates for personal loans with fair credit start at 4.6% with Upstart and can go up to 35.99%.

Why is LendingClub a Top Personal Loan Choice?

LendingClub offers fair credit personal loans with rates starting at 9.57% and going up to 35.99%, with a 3-5 year term. You can borrow up to $40,000 through LendingClub personal loans, and checking rates won’t affect your credit score, just like with Credible.

LendingClub also has outstanding reviews and credentials, including an A+ rating from the BBB and an average customer review rating of over 4.5/5 stars based on more than 2,400 customer reviews.

LendingClub, as the largest online bank specializing in personal loans, benefits from reduced operational costs associated with its online presence. This enables them to offer loans with competitive interest rates. Check out our LendingClub review.