Compare Personal Loan Companies 2024

Best Overall Choice:

1

our #1 pick

Credible

(2,693 reviews)

Credible

Credible

Best rate guarantee*
• Max Loan: $200,000
• APR: 6.94% - 35.99%
• Loan Terms: 12-120 months

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Over 891 people chose Credible today

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Credible Highlights

• Click "GET MY RATE" to find your unique personal loan rate on Credible's site, secured with 256-bit encryption


• Personalized rates from up to 16 vetted lenders in 2 minutes, ranging from 6.94% - 35.99% APR, all for free


• Credible is best for those who value dedicated customer service throughout the loan process

• Credible will give you $200 bonus if you close with a better rate elsewhere*


• Outstanding customer service to help with your loan requests


• No impact to your credit score to check personalized rates ⓘ

*See Credible’s site for full Terms & Conditions on the personal loans “best rate guarantee” deal. ⓘ Requesting prequalified rates on Credible is free and doesn't affect your credit score. However, applying for or closing a loan will involve a hard credit pull that impacts your credit score and closing a loan will result in costs to you.

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What Can I use a Personal Loan For?

Personal loans can be used for almost anything! Some of the most popular uses include:

• Credit card debt consolidation
• Major purchase
• Home improvements and renovations
• Pay for a wedding
• New boat, RV, or other item that typically doesn’t have financing
• Medical bills
• Virtually any other reason

About Personal Loans

One of the most common misconceptions about personal loans is that getting a loan will harm your credit score.

Simply put, this is NOT true! Personal loans will actually improve your credit score (even if it’s in the good/excellent range) with on-time payments. In fact, this is one of the many benefits of a personal loan.

What to Look for in a Personal Loan

When finalizing your personal loan, you will typically be presented with multiple offers from different lenders and banks. Make sure you pick the offer that works best for your financial situation.

Representative Loan Example

A representative loan example: if you receive a $10,000 loan with a 36-month term and a 17.98% APR (which includes a 14.32% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $343.33. Over the life of the loan, your payments would total $12,359.97.

Longer term loans tend to have slightly higher interest rates. Whereas, loans over shorter periods of time, like just 1 year, tend to have the lowest interest rates, but will typically see higher monthly payments.

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