4.8
BestGuide's Rating
- Borrow anywhere from $1,000 to $60,000
- Over 5 million members nationwide
- Payment plans that fit your budget with fixed monthly payments
4.7
BestGuide's Rating
- Consolidate debt with rates as low as 6.25% APR
- Person Loan funds sent in 1-3 business days
- Borrow up to $50k with a fixed rate loan
4.7
BestGuide's Rating
- All credit types accepted, apply in minutes
- SSL-secured form & trusted lender network
- APRs from 5.99% to 195%, terms vary by lender
4
Upstart
This company is not rated by BestGuide
- Similar to: Achieve Personal Loans
- Founded: 2012
- Headquarters: San Mateo, CA
5
LightStream
This company is not rated by BestGuide
- Similar to: Achieve Personal Loans
- Founded: 2013
- Headquarters: Charlotte, NC
Top Personal Loan Companies by Features and Benefits
- Best overall: LendingClub »
- Best for consolidation: Achieve Personal Loans »
- Best for good credit: Best Rated Loan »
- Best Customer Experience: Best Rated Loan »
- Best for Low Rates: Achieve Personal Loans »
- Best Discounts: LendingClub »
- Best for Small Loans: Best Rated Loan »
Frequently Asked Questions
Question:
What credit score is needed for a personal loan?
Answer:
To qualify for a personal loan, borrowers generally need a minimum credit score of at least 580 — though certain lenders have even lower requirements than that. However, your chances of getting a low interest personal loan rate are much higher if you have a “very good” or “excellent” credit score of 740 and above.
Ask an expert: Best Rated Loan »
Question:
Is it better to close the credit card with personal loan?
Answer:
Debt consolidation doesn't automatically close your credit card accounts. But if keeping an account open tempts you to rack up more charges, then it might be a good idea to close the account. However, you might damage your credit scores by closing the account.
Ask an expert: Achieve Personal Loans »
Question:
Is a personal loan a fixed loan?
Answer:
The good news for borrowers is that personal loans are fixed-rate loans, meaning the interest rate remains unchanged from origination to pay-off. Borrowers with a fixed-rate personal loan will not see changes to their interest rate or monthly payments when the Fed raises or lowers rates.
Ask an expert: LendingClub »
Question:
How much debt is too much to consolidate?
Answer:
Debt consolidation is a good idea if monthly debt payments don't exceed 50% of your monthly gross income, and you have enough cash flow to cover debt payments.
Ask an expert: Achieve Personal Loans »
BEST OVERALL
Achieve Personal Loans
BOTTOM LINE:
Consolidate debt with rates as low as 6.25% APR
BEST VALUE
LendingClub
BOTTOM LINE:
Borrow anywhere from $1,000 to $60,000
TOP PICK
Best Rated Loan
BOTTOM LINE:
All credit types accepted, apply in minutes