Eloan personal loans: 2025 alternatives

Happy Money specializes in helping consumers looking to consolidate credit card debt. Personal loans range from $5,000 to $40,000 with two- to five-year terms and APRs starting at 8.95 percent. Origination fees may be as high as 10 percent of your loan amount.

However, you’ll need a credit score of at least 640 to qualify for a Happy Money loan, and you can’t use a co-borrower to improve your eligibility. It may take up to six days to receive your loan funds — much longer than competitors that offer same-day funding — and longer still if you want Happy Money to repay your creditors directly.

LightStream is a solid option if you have strong credit. The interest rates are among some of the lowest on the market, starting at just 6.49 percent, and the lender will beat any competitor’s rate by 0.1 percentage points if it’s for the same loan product and term. Even better, LightStream doesn’t charge any fees on its personal loans — not even late fees.

Borrowers also have the option to defer the loan disbursement for up to 30 days. LightStream’s personal loans can be used for nearly any purpose, including debt consolidation and adoption financing.

Best Egg offers a unique mix of traditional unsecured personal loans and secured loans backed by your vehicle or home fixtures. Perfect credit isn’t needed to qualify — the lender accepts borrowers with scores as low as 600. That said, you’ll need at least $100,000 in annual income and a credit score of 700 or better to unlock the best rate, which can be as low as 8.99 percent.

Loan amounts are between $2,000 to $50,000 with repayment periods between three and five years. You’ll pay a one-time origination fee of up to 9.99 percent, and the lender also charges returned and late payment fees. If you’re approved for a loan, funding usually occurs the same day or the next business day.