Best personal loans for good credit in June 2025

Best for small loan amounts

PERSONAL LOAN

4.7

7.90- 35.99%

Min credit score

600

$313

Loan amount

$1k-$50k

Best for unique secured loans

PERSONAL LOAN

4.6

6.99- 35.99%

Min credit score

600

$309

Loan amount

$2k-$50k

Best for repaying credit cards

PERSONAL LOAN

4.5

8.95- 29.99%

Min credit score

640

$318

Loan amount

$5k-$40k

Best for peer-to-peer lending

PERSONAL LOAN

4.5

8.99- 35.99%

Min credit score

600

$318

Loan amount

$2k-$50k

on Bankrate

Best for smaller low-fee loans

PERSONAL LOAN

4.8

7.99- 24.99%

Min credit score

660

$314

Loan amount

$2.5k-$40k

Best for large loans

PERSONAL LOAN

4.7

8.99- 29.49%

with all discounts

Min credit score

Not disclosed

$318

Loan amount

$5k-$100k

Best for fast funding

PERSONAL LOAN

4.3

8.01- 29.99%

with Autopay

Min credit score

Not disclosed

$314

Loan amount

$2k-$45k

Read our review

on Bankrate

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On This Page

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.

4.5

Read Bankrate's Expert LightStream Review

Overview: LightStream is an online lender owned by Truist Bank. The company prides itself on its customer experience and even offers a $100 satisfaction guarantee. It also has the widest range of repayment terms, a high loan amount maximum and one of the lower minimum APRs of our featured lenders.

Est. APR

6.49%–25.29%

Loan amount

$5k–$100k

Min credit score

695

Loan term

2-20 yrs

Origination fee

None

Pros

Winner of Bankrate Award for best home improvement loan
High loan amount maximum and no fees
Offers a rate-matching program

Cons

High credit score minimum
No online prequalification
High minimum loan amount

Pros

Cons

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.

Established in 2012

Available in all 50 states

Online application

Rate Beat program
Loan experience guarantee

Mobile app

No fees

Known qualification requirements

Good-to-excellent credit profile

Several years of mixed credit

Assets or savings

Earn a stable, sufficient income

Few reported delinquencies

Fees

None

Time to receive funds

Same day if approved by 2:30 p.m. ET, Monday through Friday
Truist Bank is an Equal Housing Lender. © 2025 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.

4.7

Read Bankrate's Expert LendingClub Review

Overview: Headquartered in San Francisco, California, LendingClub started as a peer-to-peer company, and has since evolved into a loan marketplace and bank. Personal, business, auto and medical loans are all available through LendingClub, along with a range of checking and savings products.

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

Pros

Cons

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.

Established in 2007

Available in all 50 states

Online applications
Low minimum loan amount

Referral program

15-day grace period

Known qualification requirements

U.S. citizen or permanent resident

At least 18 years old

Valid email address

Valid bank account

Fees

Origination fee of 3% to 8%

Late payment fee of $15 or 5%, whichever is greater

$15 insufficient funds fee

Time to receive funds

Up to 4 days, or 2 weeks if sent directly to creditors
(1) Checking a rate through us generates a soft credit inquiry on a person’s credit report, which is visible only to that person. A hard credit inquiry, which is visible to that person and others, and which may affect that person’s credit score, only appears on the person’s credit report if and when a loan is issued to the person. Credit eligibility is not guaranteed. APR and other credit terms depend upon credit score and other key financing characteristics, including but not limited to the amount financed, loan term length, and credit usage and history.

(2) Between October 1, 2024 to December 31, 2024, Personal Loans issued by LendingClub Bank were funded within 22 hours after loan approval, on average. 57% of Personal Loans issued by LendingClub Bank during the same period were funded within 24 hours after loan approval. Loan approval, and the time it takes to issue a credit decision, are not guaranteed and individual results vary based on creditworthiness and other factors, including but not limited to investor demand.

A representative example of payment terms for a Personal Loan is as follows: a borrower receives a loan of $19,389 for a term of 36 months, with an interest rate of 11.75% and a 6.00% origination fee of $1,163 for an APR of 16.10%. In this example, the borrower will receive $18,226 and will make 36 monthly payments of $642. Loan amounts range from $1,000 to $40,000 and loan term lengths range from 24 months to 72 months. Some amounts, rates, and term lengths may be unavailable in certain states.

For Personal Loans, APR ranges from 7.90% to 35.99% and origination fee ranges from 0.00% to 8.00% of the loan amount. APRs and origination fees are determined at the time of application. Lowest APR is available to borrowers with excellent credit. Advertised rates and fees are valid as of Jan 9, 2025 and are subject to change without notice.

Unless otherwise specified, loans are made by LendingClub Bank, N.A., Member FDIC (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. LendingClub Bank is not an affiliate of Bankrate and is not responsible for the products and services provided by Bankrate.

Loans are subject to credit approval and sufficient investor commitment. If a credit union is selected to invest in the loan, credit union membership will be required. Certain information that LendingClub Bank subsequently obtains as part of the application process (including but not limited to information in your consumer report, your income, the loan amount that you request, the purpose of your loan, and qualifying debt) will be considered and could affect your ability to obtain a loan. Loan closing is contingent on accepting all required agreements and disclosures at Lendingclub.com.

“LendingClub” is a trademark of LendingClub Bank.

4.6

Read Bankrate's Expert Best Egg Review

Overview: Founded in 2014 and headquartered in Wilmington, Delaware, Best Egg has made a name for itself as a reputable and affordable personal loan solution. Best Egg has funded over 1.1 million loans.

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

Low minimum credit score
No prepayment penalty
Quick funding

Cons

Origination fee
Late fee
Risk of losing collateral on secured loans

Pros

Cons

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.

Established in 2014

Available in 47 states

Online application

Flexible approval model
Quick application and approval

Secured loan option

Financial Health program

Known qualification requirements

U.S. citizen or permanent resident

Legal age in state to accept loan

Personal checking account with routing number

Valid email

Physical address in qualifying state
Fees

Origination fee of 0.99% to 8.99%

$15 late payment fee

$15 returned payment fee
Time to receive funds

Next business day after approval

*Trustpilot TrustScore as of June 2024. Best Egg loans are personal loans made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender or Blue Ridge Bank, N.A., Member FDIC, Equal Housing Lender. The Best Egg Credit Card is issued exclusively by First Bank & Trust, Member FDIC, Brookings SD pursuant to a license by Visa International. Visa is a registered trademark, and the Visa logo design is a trademark of Visa International Incorporated. “Best Egg” is a trademark of Best Egg Technologies, LLC. Offers may be sent pursuant to a joint marketing agreement between Cross River Bank, Blue Ridge Bank, N.A. and/or First Bank & Trust and Marlette Marketing, LLC, a subsidiary of Best Egg, Inc. The term, amount, and APR of any loan we offer to you will depend on your credit score, income, debt payment obligations, loan amount, credit history and other factors. Your loan agreement will contain specific terms and conditions. About half of our customers get their money the next day. After successful verification, your money can be deposited in your bank account within 1-3 business days. The timing of available funds upon loan approval may vary depending upon your bank’s policies. Loan amounts range from $2,000– $50,000. Residents of Massachusetts have a minimum loan amount of $6,500; Ohio, $5,001; and Georgia, $3,001. For a second Best Egg loan, your total existing Best Egg loan balances cannot exceed $100,000. Annual Percentage Rates (APRs) range from 6.99%–35.99%. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0.99%–9.99% of your loan amount, which will be deducted from any loan proceeds you receive. The origination fee on a loan term 4-years or longer will be at least 4.99%. Your loan term will impact your APR, which may be higher than our lowest advertised rate. You need a minimum 700 FICO® score and a minimum individual annual income of $100,000 to qualify for our lowest APR. For example: a 5‐year $10,000 loan with 9.99% APR has 60 scheduled monthly payments of $201.81, and a 3‐year $5,000 loan with 6.99% APR has 36 scheduled monthly payments of $152.83. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. Best Egg products are not available if you live in Iowa, Vermont, West Virginia, the District of Columbia, or U.S. Territories. TO REPORT A PROBLEM OR COMPLAINT WITH THIS LENDER, YOU MAY WRITE OR CALL– Operations Manager, Email: crtresolutions@bestegg.com, Address: P.O. Box 42912, Philadelphia, PA 19101, Phone: 1-855-282-6353. This lender is licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504. To report any unresolved problems or complaints, contact the division by telephone at (505) 476-4885 or visit the website https://www.rld.nm.gov/financial-institutions

4.5

Read Bankrate's Expert Happy Money Review

Overview: Happy Money is the only lender in the good credit space to specialize in debt consolidation. The financial wellness-focused lender offers one loan — the Payoff Loan — specifically dedicated to consolidating high-interest credit card debt.

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

Option to change payment date
Free monthly FICO updates
5 days a week customer service

Cons

Origination fee
Requires at least three years of credit history
Only one loan at a time

Pros

Cons

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.

Established in 2009

Available in 48 states

Online application

Prequalification
Low credit minimum

Flexible loan terms

No hidden fees

Known qualification requirements

No delinquencies on current debts

Have at least three years of credit history

Not reside in Iowa, Massachusetts or Nevada

Fees

Origination fee of up to 5.5%

Time to receive funds

Funds are sent within 3 to 6 business days after approval

This offer does not constitute a commitment to lend or an offer to extend credit. Upon submitting a loan application, you may be asked to provide additional documents to verify your identity, income, assets, or financial condition. The rate and terms you may be approved for will be shown to you during the application process. Loans subject to an origination fee, which is deducted from the loan proceeds. Refer to full borrower agreement for all terms, conditions and requirements. Only loans applied for and issued on or after January 23, 2023, are covered under the TruStage™ Payment Guard Insurance Policy. Please refer to the certificate of insurance, provided to you with your loan origination documents, for terms and conditions of the coverage. Some exclusions apply. Claims must be submitted for review and approval to CUMIS Specialty Insurance Company, Inc. TruStage™ Payment Guard Insurance is underwritten by CUMIS Specialty Insurance Company, Inc and not by Happy Money. CUMIS Specialty Insurance Company, our excess and surplus lines carrier, underwrites coverages that are not available in the admitted market. Product and features may vary and not be available in all states. Certain eligibility requirements, conditions, and exclusions may apply. Please refer to the Group Policy for a full explanation of the terms. The insurance offered is not a deposit, and is not federally insured, sold or guaranteed by any financial institution. Corporate Headquarters 5910 Mineral Point Road, Madison, WI 53705.

4.5

Read Bankrate's Expert Prosper Review

Overview: Prosper is a personal loan pioneer. When it launched in 2005, it became the first firm to enter the peer-to-peer lending arena. After nearly 20 years, Prosper has helped over 1.4 million borrowers access loans.

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

Low minimum credit score
Option to change payment date
No prepayment penalty

Cons

Origination fee
High APR cap
No discount available

Pros

Cons

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.

Established in 2005

Available in 48 states

Online and phone applications

No prepayment penalties
Financial tools and resources

Large portfolio of loan options

Prequalification available

Known qualification requirements

Recorded income greater than $0

Resident of qualifying state

At least 18 years old

First-time borrowers: Debt-to-income ratio no greater than 50%

Co-borrowers: Minimum credit score of 600

Co-borrowers: No bankruptcy filings in last 12 months

Co-borrowers: At least one open credit account

Fees

Origination fee between 1% and 9.99%

Late payment fee of $15 or 5%, whichever is greater

Check fee of $5 or 5%, whichever is less

$15 insufficient funds fee

Time to receive funds

Next business day after approval
For example, a three-year $10,000 personal loan would have an interest rate of 9.88% and a 7.99% origination fee for an annual percentage rate (APR) of 15.70% APR. You would receive $9,201 and make 36 scheduled monthly payments of $322.11. A five-year $10,000 personal loan would have an interest rate of 11.64% and a 7.99% origination fee with a 15.36% APR. You would receive $9,201 and make 60 scheduled monthly payments of $220.63. Origination fees vary between 1% and 9.99%. Personal loan APRs through Prosper range from 8.99% to 35.99%, with the lowest rates for the most creditworthy borrowers. Eligibility for personal loans up to $50,000 depends on the information provided by the applicant in the application form. Eligibility for personal loans is not guaranteed, and requires that a sufficient number of investors commit funds to your account and that you meet credit and other conditions. Refer to Borrower Registration Agreement for details and all terms and conditions. All personal loans made by WebBank.

4.8

Read Bankrate's Expert Discover Review

Overview: Discover is a well-known financial institution with a wide reach that provides a variety of services. Its personal loan product has one of the lowest minimum rates of the good credit lenders we reviewed and doesn’t charge origination or prepayment fees.

Est. APR

7.99%–24.99%

Loan amount

$2.5k–$40k

Min credit score

660

Loan term

3-7 yrs

Origination fee

None

Pros

Fast funding
Flexible terms
No upfront fees

Cons

No discounts
No joint applications
No in-person applications

Pros

Cons

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.

Established in 1985

Started offering personal loans in 2007

Online or in-person application

Available in all 50 states
Credit score tracking

No origination fees

Next-day funding available

Known qualification requirements

Minimum household income of $25,000
Fees

Possible late payment fee
Time to receive funds

Next business day after approval

Lowest rates include interest-only repayment discount and a .25% interest rate reduction for automatic payment.

4.7

Read Bankrate's Expert SoFi Review

Overview: SoFi was established in 2011 by Stanford business school students and is now among the most recognized lenders in the personal lending space. It offers one of the most comprehensive — if not the most comprehensive — portfolio of member benefits on the market. Among other perks, it offers financial planning services and access to premium discounts.

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

Mobile app and seven-day-a-week customer service
Loan amounts as high as $100k
Joint applications allowed

Cons

High minimum loan amount
Minimum credit score not disclosed
Optional fees up to 7 percent

Pros

Cons

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.

Established in 2011

Available in all 50 states

Online application

No mandatory fees
Same-day funding available

Prequalification offered

Member discounts and benefits

Known qualification requirements

Be a resident of one of the serviced states

Fees

Optional fees

Time to receive funds

Same-day funding available if approved by 7 p.m. ET

Fixed rates from 8.99% APR to 29.99%APR reflect the 0.25% autopay interest rate discount and a 0.25% direct deposit interest rate discount. SoFi rate ranges are current as of 02/06/2024and are subject to change without notice. The average of SoFi Personal Loans funded in 2022 was around $30K. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed and will depend on the term you select, evaluation of your creditworthiness, income, and a variety of other factors.
Loan amounts range from $5,000–$100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0%-7%, which will be deducted from any loan proceeds you receive.
Autopay: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi.
Direct Deposit Discount: To be eligible to potentially receive an additional (0.25%) interest rate reduction for setting up direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A. or eligible cash management account offered by SoFi Securities, LLC (“Direct Deposit Account”), you must have an open Direct Deposit Account within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled payroll direct deposits of at least $1,000/month to a Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion. This discount will be lost during periods in which SoFi determines you have turned off direct deposits to your Direct Deposit Account. You are not required to enroll in direct deposits to receive a Loan.

4.3