The loans desk

Borrowing money, without the marketing.

Personal loans are a useful tool — for consolidating credit-card debt, financing a one-time home project, or smoothing a major expense. They're also one of the categories where the difference between the best lender and the worst can quietly cost you $4,000. Here are the lenders worth a pre-qualification soft pull.

Best APRs (Excellent credit)
  1. 1LightStream6.99% – 24.99%
  2. 2SoFi Loans7.99% – 23.43%
  3. 3Marcus8.49% – 22.99%
  4. 4Upstart7.80% – 35.99%
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Top rankings

Three lists by purpose.

All-purpose

Best Personal Loans

Our flagship list — six lenders compared on APR range, funding speed and origination-fee discipline.

Consolidation

Best for Debt Consolidation

Lenders that pay your credit cards directly — and the math behind whether consolidation is actually worth it for you.

Sub-680

Best Loans for Bad Credit

Where to look if your FICO is below 680 — and the warning signs of predatory pricing to avoid.

Lender reviews

Six lenders, applied to.

Head-to-heads

Lender versus lender.

LightStream vs SoFi

The two strongest options for excellent-credit borrowers — different temperaments, similar pricing.

SoFi vs Marcus

Two no-fee lenders with surprisingly different underwriting flavours.

Upstart vs LendingClub

For borrowers with mid-range credit — where flexibility matters more than headline APR.

Loans 101

Read these before you apply.

Reader questions

Loans, plainly answered.

Does pre-qualifying for a loan hurt my credit?
Most pre-qualifications use a soft pull and don't affect your score. The hard inquiry only happens when you formally apply. Always pre-qualify with multiple lenders before submitting an actual application.
What's an origination fee?
A one-time fee, usually 1–8% of the loan amount, deducted from the loan proceeds before they reach you. A loan with no origination fee may have a slightly higher APR but is often the better deal — always compare the total cost over the loan's life.
How long does it take to get the money?
For most online lenders in our top list, funds hit your account in 1–3 business days after approval. LightStream and SoFi can fund same-day in some cases.
Is a personal loan better than a 0% credit card?
For balances you'll fully pay off inside the 0% window (typically 15–21 months), the credit card wins. For balances that won't be cleared by then, the personal loan's fixed APR and shorter payoff timeline almost always wins — and protects you from the deferred-interest trap on some card promotions.

Borrow with eyes open.

Compare APRs across our top six lenders — most readers find a better rate than the first quote they were given.