DollarGeek Presents:

Best Personal Loans - November 2022

DollarGeek's goal is to help you make the best financial decisions. To help us do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations or ratings.

Compare personal loan lenders and get the cash you need. With an unsecured personal loan you can cover large purchases that range from consolidating credit card debt to paying for some home renovations. Online lending platforms, traditional banks, and credit unions offer these loans, making it easy to apply online—without having to go to a branch. 

It is also possible to obtain a personal loan within a few business days, so you don’t have to wait long. In addition to low interest rates, flexible loan amounts and repayment terms, and limited fees, the best personal loans are easy to qualify for.

Showing 1-6 of 6 accounts
OVERALL RATING:
(4)
on Upgrade's secure website

Estimated APR

7.46% - 35.97%

varies on credit

Max Loan Amount

$35,000

Min Credit Score

620

Rate Range:

7.46% - 35.97%

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Perks
Fees
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OVERALL RATING:
(4)
on Upstart's secure site

Estimated APR

4.37% - 35.99%

varies on credit

Max Loan Amount

$50,000

Min Credit Score

620

Rate Range:

4.37% - 35.99%

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Perks
Fees
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OVERALL RATING:
(4)
on Payoff's secure site

Estimated APR

5.99% - 24.99%

varies on credit

Max Loan Amount

$35,000

Min Credit Score

640

Rate Range:

5.99% - 24.99%

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Perks
Fees
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OVERALL RATING:
(3.5)
on LendingPoint's secure site

Estimated APR

7.99% - 35.99%

varies on credit

Max Loan Amount

$24,935

Min Credit Score

600

Rate Range:

7.99% - 35.99%

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Perks
Fees
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OVERALL RATING:
(5)
on SoFi's secure site

Estimated APR

7.99% - 23.43%

varies on credit

Max Loan Amount

$100,000

Min Credit Score

680

Rate Range:

7.99% - 23.43%

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Perks
Fees
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OVERALL RATING:
(5)
on Earnest's secure site

Estimated APR

5.99% - 17.24%

varies on credit

Max Loan Amount

$75,000

Min Credit Score

680

Rate Range:

5.99% - 17.24%

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Perks
Fees
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What Is A Personal Loan?

A personal loan is a type of lump-sum financing that borrowers can obtain through a traditional bank, credit union or online lender, and which can be used for a variety of purposes.

Medical bills, auto repairs, home improvement projects, and debt consolidation are among the most common uses of personal loans.

The average repayment term is between two and seven years, and the interest rate is typically as low as 3% for high-qualification borrowers.

What Do People Take Personal Loans Out For?

The most commonly, personal loans are used to cover the following expenses:

Home improvement: If you plan to perform home improvements or repairs in the near future, consider taking out a personal loan to help finance the costs. Personal loans can also help you pay for unexpected home repairs or maintenance.

Moving: A personal loan can help you finance moving costs if you do not have cash on hand.

Emergency loan: An emergency loan can be used to cover unexpected expenses like medical bills, funeral costs, car repairs, and anything else that requires immediate attention.

Debt consolidation: It is possible to consolidate high-interest debt with personal loans, which may save you money on interest, and simplify your payments at the same time.

Auto loan: You can also get a car loan with your personal loan, even though auto loans are the most common way to finance a vehicle. While personal loans tend to charge higher interest rates than traditional auto loans, they have fewer restrictions on what kinds of cars you can buy.

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LOOKING FOR A Business loan?

Small business loans can be important options for business owners. Before choosing the right business financing product, make sure to learn more about the different options available from online lenders. These options include invoice-based financing, business lines of credit, and SBA loans.

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LOOKING FOR A CREDIT CARD?

From travel and cash back to balance transfers and business credit cards, DollarGeek’s team has spent countless hours analyzing and researching the best credit cards. 

Compare the best credit cards and offers today.