Locating the ideal loan provider can assist you in getting the money you require at competitive rates, saving on interest and fees.
The best lenders offer loans for a range of needs and credit scores. Furthermore, they provide flexible terms so you can pay off your loan early if desired.
Best Egg
Best Egg is an online lending platform that matches borrowers with pre-qualified offers. Users fill in their personal information on the site, then view various loan offers with various rates and terms.
Best Egg’s application process is hassle-free and straightforward. All that’s required is an email address and some basic personal info to begin the application process. After submitting your information, Best Egg runs a soft credit check to assess your creditworthiness without negatively affecting your score.
Best Egg stands out among other lenders by not charging a prepayment penalty on loans paid off before their due dates. This helps borrowers save money on unnecessary interest and reduce the amount they must repay over time.
Quick Access to Cash – On average, half of Best Egg customers receive their funds within one day after being approved. After verification, the company can deposit funds directly into your bank account.
Best Egg is an effective option for debt consolidation if you have multiple high-interest credit card accounts. They can be combined into one low-interest loan with a fixed payment and debt-free date.
OneMain Financial
OneMain Financial is a popular lender that provides loans to those with below-average credit and modest incomes. Their secured loans allow borrowers to put up collateral in exchange for lower interest rates or larger loan amounts than would be available with an unsecured loan.
Borrowers can apply for a OneMain Financial loan online, but must visit an actual branch location to complete the process and sign documents. Once approved, borrowers may choose to receive their funds either by check or direct deposit.
Since 1985, OneMain Financial has been accredited with the Better Business Bureau; however, reviews regarding them are mixed across the internet.
OneMain Financial offers personal loans from $1,500 to $20,000. Their loan amounts are smaller than those provided by SoFi and LendingClub but higher than those shown on Credit Karma. Unfortunately, their APRs are high; thus many fair- and bad-credit borrowers may not qualify for them.
SoFi
SoFi has a stellar reputation for helping people manage their finances. It offers various loans and membership benefits, such as its credit insights program and free financial planning services.
SoFi offers checking accounts with competitive rates, no monthly fees and a free overdraft protection plan for qualifying customers. Plus, SoFi provides an intuitive digital experience that makes managing money effortless.
Another advantage is SoFi’s straightforward direct deposit setup process, meaning you’ll get your paycheck two days earlier, saving time and stress in the process.
SoFi also offers a wealth management service that waives its management fee for borrowers who invest using its platform. That’s an attractive offer for those looking to grow their savings and earn higher interest.
Upgrade
Upgrade is an online lender offering various products such as credit cards and personal loans. Their loan process is fast and user-friendly, earning them a good reputation among borrowers.
They provide loans ranging from $1,000 to $50,000 with flexible repayment terms. Furthermore, their low minimum credit score requirement of 560 makes them an attractive option for those with less-than-perfect credit histories.
Upgrade’s high maximum APR and origination fees make their loans more expensive than some competitors’, yet if you have fair credit it may be worth considering before making a final decision.
Like many lenders, Upgrade pre-qualifies applicants using soft inquiries that won’t affect your credit score. Once you submit a formal application, you can check its status online and chat with customer service representatives Monday through Friday from 5:00 AM to 7:00 PM (PST) via your account.
