5 Top Personal Loan Lenders

5 Top Personal Loan Lenders


Loans are the best way to pay for a variety of expenses. You can pay your medical bills, weddings expenses, home improvement projects, vacations, as well as any unexpected emergencies. However, taking loans usually comes at a cost. That cost is what we know as ‘interest’, and it tends to compound!

Loans rates usually fluctuate from one provider to the next, and the most favorable low-interest loans are reserved for those with the highest credit scores.  The rate of interest is calculated as a percentage of the amount you take from the lender.

You will have to pay this rate each month to your lenders. The interest rate depends on different things like how much principal you can borrow, the duration of the loan, the loan type you choose, and its impact on your credit score.

Wells Fargo:

It is probably the largest and most famous bank in the US. Wells Fargo provides fixed-rate loans with limits between $3000 to $100000 and repayments terms from one year to 84 months. At the same time, longer-term lengths will reduce your fixed monthly payment. But when you choose the longer term lengths, you generally have to pay more interest than a loan with the least term lengths.

Wells Fargo loans boast interest rates between 5.74% and 24.24% for customers who qualify for the 0.25% relationship discount. You will have to Wells Fargo checking account and make auto payments from a Wells Fargo deposit account to qualify. Wells Fargo loans are available for existing as well as new Wells Fargo customers. Wells Fargo doesn't have a minimum credit score requirement; it is a good rule to maintain a score of at least 670 to increase your chances of getting a low-interest loan.


It provides one of the most competitive loans on the market. SoFi is founded in2011 and has extended more than $50 billion in loans and stands out for providing high loan amounts and extended loan terms. The loans are available starting from $5000 to $100000. It will make it the best option for those who want to get a large amount of money. The repayment terms range starts from two years to seven years, which makes it a great and flexible option for those with sufficient credit and annual income.

One of the most incredible things about SoFi low-interest loans is that it doesn't charge origination fees, late fees, or pay penalties. These are the stand-out features of SoFi because loan klende4rs usually charge origination or late payment fees. With low-interest loans and exclusive member benefits, SoFi's loan may be a good fit if you have good to excellent credit.

PenFed Credit Union:

A loan from PenFed Credit Union is a good option for those looking for short-term loans and low borrowing amounts. It provides fixed-rate, low-interest loans starting from $500 to $20000. PenFed loans carry rates between 6.49% and 17.99%.

These rates are based on your application and credit information. If you have higher credit scores, you can typically snag the lowest rates. Another great thing about PenFed is that it also boasts no early payoff penalty and no origination or hidden fees.


Simply put, Earnest may the best personal loan facilitator out there. We are all used to the grind of googling and searching out the best service, product, or purchase we want to buy. Earnest has partnered with Fiona, which basically allows the consumer to go to one place in order to find the best low interest loans available to them. Their search engine is easy, has no impact on your credit score, and can give you peace of mind that you found the best available offer out there.


Marcus is the subsidiary of the investment bank Goldman Sachs. It provides loans between $3500 to $40000 with repayment terms from 36 months to 72 months. Marcus is a good choice for those who need access to a small loan.

You can access APRs between 6.74% to 19.74%, including a 0.25% discount for automatic payment enrollees. The greatest feature of Marcus is that it doesn't charge sign-up and late payment fees as well as prepayment charges. Furthermore, borrowers can benefit from the platform's on-time payment reward and flexible payment dates. If you need low-interest loans, Marcus loans are a good fit for you.


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