Skip to Main Content
Invest Rate Icon
AdvisorMatch

Get matched with a vetted financial advisor in less than 5 minutes.

Best personal loans for good credit in June 2025

Updated Jun 04, 2025

What to know first: The best personal loans for good credit generally come with competitive APRs for borrowers with FICO credit scores between 670.

Check your personalized rates

  • Checkmark Compare rates in less than 2 minutes
  • Checkmark Checking will not impact your credit score
In 2024 we secured personal loans or alternative offers for 99% of our users
Why choose Bankrate?

Filter results

Close X
|
Best for rate matching
PERSONAL LOAN
LightStream
4.5
6.49- 25.29%
* with AutoPay
Min credit score
695
$307
Loan amount
$5k-$100k
See offersArrow Right
See details
|
Best for small loan amounts
PERSONAL LOAN
LendingClub
4.7
7.90- 35.99%
Min credit score
600
$313
Loan amount
$1k-$50k
See offersArrow Right
See details
Best for unique secured loans
PERSONAL LOAN
Best Egg
4.6
6.99- 35.99%
Min credit score
600
$309
Loan amount
$2k-$50k
See offersArrow Right
See details
Best for repaying credit cards
PERSONAL LOAN
Happy Money
4.5
8.95- 29.99%
Min credit score
640
$318
Loan amount
$5k-$40k
See offersArrow Right
See details
Best for peer-to-peer lending
PERSONAL LOAN
Prosper
4.5
8.99- 35.99%
Min credit score
600
$318
Loan amount
$2k-$50k
See offersArrow Right
on Bankrate
See details
|
Best for smaller low-fee loans
PERSONAL LOAN
Discover
4.8
7.99- 24.99%
Min credit score
660
$314
Loan amount
$2.5k-$40k
See offersArrow Right
See details
|
Best for large loans
PERSONAL LOAN
SoFi
4.7
8.99- 29.49%
with all discounts
Min credit score
Not disclosed
$318
Loan amount
$5k-$100k
See offersArrow Right
See details
Best for fast funding
PERSONAL LOAN
Rocket Loans
4.3
8.01- 29.99%
with Autopay
Min credit score
Not disclosed
$314
Loan amount
$2k-$45k
Read our reviewArrow Right
on Bankrate
See details
Bankrate logo

Why choose Bankrate?

Backed by over 40 years of experience, our team at Bankrate strives to help you make the right decisions for any financial situation.

Lock

Your security comes first

Bankrate protects your data from end to end, so you stay safe whether you're browsing articles or prequalifying for a loan.

Loan

We partner with the best

Get connected with personalized lender options tailored to your needs, no matter where you are in your financial journey, whether you're browsing articles or prequalifying.
Book

No outside influence

We uphold editorial integrity by providing the information that is best for our readers and their wallets, not ours. Our staff writers have a wide range of experience, education and certifications to give you unbiased information you need to make important borrowing decisions.

A closer look at the best good credit loan lenders

We’ve taken a deep dive into each featured lender so you can get the full picture of why each lender is the best in its category. Where available, we’ve also included data from real Bankrate users to help you determine which lender best matches your lending plans.

LightStream: Bankrate award winner for best home improvement loan

Rating: 4.5 stars out of 5
4.5
Est. APR
6.49%–25.29%
Loan amount
$5k–$100k
Min credit score
695
Loan term
2-20 yrs
Origination fee
None
Pros
  • Low maximum APR
  • Same day funding
  • High loan amounts available
Cons
  • No option to prequalify
  • High minimum loan amount
  • Bad credit borrowers won’t qualify
WHO'S IT FOR:

LightStream only lends to good and excellent credit borrowers, offering personal loans for almost any type of need and a rate-beat program that could provide up to a 0.10 percent discount on other offers. 

LendingClub: Bankrate award winner for best in an emergency

Rating: 4.7 stars out of 5
4.7
Est. APR
7.90%–35.99%
Loan amount
Up to $50,000
Min credit score
600
Loan term
2-7 yrs
Origination fee
0%-8%
Pros
  • Add a co-borrower to pay off debt together
  • Flexible loan terms for short and longer repayment plans
  • Direct payment to creditors saves the time and hassle of doing it yourself
Cons
  • High origination fees reduce the amount you'll have toward debt payoff
  • Limited maximum loan amount means you can't consolidate higher amounts
  • Unlike competitors, no autopsy discount
WHO'S IT FOR:

Borrowers who are looking to fund a smaller purchase or project can also enjoy such benefits as free credit monitoring, cash back regards and access to LendingClub's exclusive TopUp Loan.

Best Egg: Best for low rates on smaller loans

Rating: 4.6 stars out of 5
4.6
Est. APR
6.99%–35.99%
Loan amount
$2k–$50k
Min credit score
600
Loan term
3-5 yrs
Origination fee
0.99%-9.99%
Pros
  • Lower rates for loans secured by home fixtures or your vehicle
  • Low minimum rates for qualified borrowers
  • Low minimum credit score
Cons
  • High origination fees
  • Fewer repayment options
  • Higher minimum loan amount
WHO'S IT FOR:

Best Egg has some of the lowest rates, so good credit borrowers may get lower rates than at other lenders. Best Egg's unique secured loan option could ensure a more affordable payment.

Happy Money: Best for credit card debt consolidation

Rating: 4.5 stars out of 5
4.5
Est. APR
8.95%–29.99%
Loan amount
$5k–$40k
Min credit score
640
Loan term
2-5 yrs
Origination fee
0.25%-10%
Pros
  • Specialized debt consolidation loan
  • Lower maximum APR than other lenders
  • Loan management tools on member portal and app
Cons
  • High minimum credit score
  • Longer funding turnaround
  • Can only be used for credit card debt consolidation
WHO'S IT FOR:

If you're looking to pay off high-interest credit debt and improve your score even more, Happy Money's Payoff Loan may be a good option. As a bonus, Happy Money will send payments directly to your creditors, so you don’t have to. 

Prosper: Best for peer-to-peer lending

Rating: 4.5 stars out of 5
4.5
Est. APR
8.99%–35.99%
Loan amount
$2k–$50k
Min credit score
600
Loan term
2-5 yrs
Origination fee
1%-9.99%
Pros
  • Joint applications allowed
  • Fair credit-focused
  • Payment date flexibility
Cons
  • Origination fee
  • High maximum interest rate
  • No rate discounts
WHO'S IT FOR:

Prosper is a peer-to-peer lender that  shares your loan application with multiple individual lenders. This may help you qualify for lower rates, but it often leads to slightly slower funding times.

Discover: Bankrate award winner for borrowers with excellent credit

Rating: 4.8 stars out of 5
4.8
Est. APR
7.99%–24.99%
Loan amount
$2.5k–$40k
Min credit score
660
Loan term
3-7 yrs
Origination fee
None
Pros
  • Option to pay creditors directly
  • Low fees
  • Prequalification offered
Cons
  • Can't be used on a Discover card
  • No discounts
  • No joint applications
WHO'S IT FOR:

If you want to avoid fees, Discover is a good choice — it is one of the few lenders that doesn't charge an origination fee. Discover also offers an 84-month maximum term that can help keep your payment low. 

SoFi: Bankrate award winner for best online lender

Rating: 4.7 stars out of 5
4.7
Est. APR
8.99%–29.49%
Loan amount
$5k–$100k
Min credit score
Not specified
Loan term
2-7 yrs
Origination fee
Optional fee up to 7%
Pros
  • Higher loan limits
  • Co-borrowers allowed
  • Same-day funding
Cons
  • High credit score minimum
  • No co-signer option
  • High minimum loan amount
WHO'S IT FOR:

Not all personal loan lenders offer loans up to $100,000, but SoFi does. If you need a big loan for a big purchase or project, SoFi may be able to fund it.

Rocket Loans: Best for fast funding

Rating: 4.3 stars out of 5
4.3
Est. APR
8.01%–29.99%
Loan amount
$2k–$45k
Min credit score
Not specified
Loan term
3-5 yrs
Origination fee
Up to 9%
Pros
  • Same-day approval
  • Quick funding
  • Easy online application
Cons
  • High origination fees
  • Limited repayment options
  • Not available in all states
WHO'S IT FOR:

Rocket Loans offers same-day approval and funding, making it ideal if you need funds quickly. However, it has one of the higher origination fees on our list of good credit lenders.

Calculate your loan payment

Use Bankrate's calculator to find the most affordable terms and see how much you benefit from lower rates because of your good credit score. By putting in the loan amount, loan term and interest rate, you can calculate your loan payment and compare estimates. 

Loan Calculator

Estimated monthly payment
$92.22
Total loan amount paid
$5,000.00
Total interest paid
$592.91
Total cost of loan
$5,592.91
Principal amount
Total interest paid

How to compare personal loan lenders for good credit

Get prequalified with at least three lenders to better compare your personal loan options and determine the best one for your financial goals. When comparing lenders, keep an eye on your interest rate, repayment options and other factors.

  • Interest rates: The lowest advertised personal loan rate is never guaranteed — even with good credit — so compare quotes by prequalifying when you can.
  • Loan amounts: If you need a loan for something small, like a minor car repair, you'll want to make sure the lender offers low loan amounts. On the flip side, if you need a large loan, make sure the lender's maximum loan amount covers your needs.
  • Repayment options: A good personal loan lender usually offers multiple repayment terms. Choose shorter terms for quicker payoffs if you can swing the higher payment or longer terms if you need to keep the payment as low as possible.
  • Unique features: Keep an eye out for lenders with any unique perks like price matches or autopay discounts. Also, watch for restrictions on how you can use funds or penalties for paying off the balance early.
  • Customer service: Check each lender's customer service options, particularly if you prefer in-person service to online chat or phone banks.

What is a personal loan for good credit?

A good credit personal loan is an unsecured installment loan for borrowers with FICO scores between 670 and 739. The average FICO score in the U.S. is 715 as of April 2025.

Personal loans for good credit usually come with more flexible terms and better interest rates than loans for fair or poor credit borrowers. A good credit score likely won’t qualify you for the lender’s minimum APR — those rates apply to excellent credit borrowers. However, you have a higher chance of securing a personal loan interest rate around the current average of 12.65 percent as of June 4, 2025. That’s significantly lower than the current 20.12 percent average rate for credit cards.

Good credit can also help you qualify for personal loans with higher loan amounts or debt-to-income (DTI) ratios than fair or bad credit borrowers. Lenders are also more likely to approve you for a longer term since you have a history of managing your debt responsibly.

Pros and cons of good credit personal loans

Good credit personal loans come with the usual benefits, including quick funding and lower rates than credit cards. But there are some drawbacks to be mindful of as well. Before borrowing, consider the pros and cons of personal loans.

Green circle with a checkmark inside

Pros

  • Predictable monthly payments.
  • Lower rates that most credit cards.
  • Can be used for almost anything.
  • Credit can improve after consolidating revolving debt.
Red circle with an X inside

Cons

  • Potential origination fees.
  • Less flexibility in payment, like with credit cards.
  • Could result in damaged credit.
  • Shorter terms than secured loans.
Bankrate logo
BANKRATE EXPERT FAQ

Can you build even better credit with a personal loan?


Bankrate Expert Contributor, Student Loans

Credit scores are based on the mix of credit types and your performance in making the monthly payments on time. If you are late with a payment or miss a payment, it can ruin an otherwise good credit score, regardless of the type of debt. Adding a personal loan can improve your credit mix, helping improve your credit score. A personal loan may also offer lower payments that are more predictable and affordable, helping you manage your debt better. A personal loan can also help you pay down your debt, which can improve your credit score by reducing your debt-to-income ratio.

How to get personal loans for good credit

Applying for a good credit personal loan involves knowing your finances, getting prequalified and comparing offers before submitting a full application.

  1. Check your credit: Before applying, check your credit score and report to know exactly which lenders — and what interest rates — you could qualify for. You'll also be able to flag and correct any errors that could be affecting your score.
  2. Shop around: It’s never ideal to settle for the first personal loan option you find. Do some research to identify personal loans from traditional banks, credit unions and online lenders that meet your needs. Bankrate has gathered information on this page and created personal loan lender reviews to help you shop and compare all in one place.
  3. Get prequalified: Get prequalified online with at least three lenders to view potential loan offers without impacting your credit score.
  4. Compare loan offers: When comparing your options, be mindful of the interest rates, loan terms, fees and funding times each lender offers. Also, take note of any perks, like autopay discounts.
  5. Gather your documents: Most lenders will request several documents to verify your identity and financial information. Collect a copy of your government-issued ID, proof of address, most recent pay stubs or bank statements and information about your employer.
  6. Apply for a loan: Complete the final application and send over the documentation the lender requests to make a lending decision. Many lenders provide same-day or next-day lending decisions, and some offer rapid funding options.

Frequently asked questions about good credit loans

How we made our picks for the best good credit lenders

Bankrate's trusted personal loans industry expertise

48

years in business

45

lenders reviewed

20

loan features weighed

900

data points collected

To select the best personal loans, Bankrate’s team of experts evaluated over 40 lenders. Each lender was ranked using a meticulous 20-point system, focusing on four categories: