Persional Loan Usa America

5 of the Best Personal Loan Companies in USA America

A personal loan is a loan taken out for a short period of time, usually between two and five years. The length of time is fixed and does not fluctuate, unlike a credit card or line of credit.

Most personal loan amounts are between $1,000 and $100,000, depending on your need and creditworthiness. Each bank has its own set of limitations on how much and how long you can borrow for a personal loan.

Personal loans are typically unsecured, which means there is no collateral, such as a car or house backing the loan.

Different types of lenders offer personal loans, including traditional brick-and-mortar banks and online-only lenders. They serve borrowers with varying credit scores, income levels and other requirements.

This guide explains how you can evaluate online lenders for personal loans. If you’re looking for a loan, you can find the right lender for your credit history and income, desired interest rate, loan amount and use, and co-signer requirement. Choosing the right lender and terms can save you thousands of dollars.

What Are the Best Personal Loan Companies of 2020?


Each consumer has distinct needs, and many lenders specialize in areas designed to meet them. Recommendations are based on eligibility requirements, interest rates and features that make these loans good matches for different types of consumers.

         Leader                                                     Fixed Rate

  1. axos bank                                                 6.49 -29.99 APR
  • Rates: 6.49% – 29.99% APR
  • Loan terms (years): 1, 2, 3, 4, 5
  • Loan amount: $5,000 to $35,000
  • Fees: No prepayment penalty
  • Discounts: None
  • Eligibility: Available in all 50 states
  • Min. income: Does not disclose
  • Customer service: Phone
  • Soft credit check: Yes
  • Min. credit score: 740
  • Time to get funds: Next business day
  • Loan uses: Debt consolidation, home improvement, and other purposes
  1. 2 Light Stream                                            3.49 – 19.99 APR 
  • Rates: 3.49% – 19.99% APR
  • Loan terms (years): 2, 3, 4, 5, 6, 7 (up to 12 years for home improvement loans)
  • Loan amount: $5,000 to $100,000
  • Fees: None
  • Discounts: Autopay
  • Eligibility: Available in all states except RI and VT
  • Min. income: Does not disclose
  • Customer service: Phone, email
  • Soft credit check: No
  • Min. credit score: 660
  • Time to get funds: As soon as the same business day
  • Loan uses: Credit card refinancing, debt consolidation, home improvement, and other purposes
  1. 3 Marcus                                                      6.99 – 19.99 APR   
  • Rates: 6.99% – 19.99% APR1
  • Loan terms (years): 3, 4, 5, 6, 7
  • Loan amount: $3,500 to $40,0002
  • Fees: None
  • Discounts: None
  • Eligibility: Available in all states except MD
  • Min. income: $30,000
  • Customer service: Phone
  • Soft credit check: Yes
  • Min. credit score: 660
  • Time to get funds: Many Marcus customers receive funds in as little as five days
  • Loan uses: Credit card refinancing, debt consolidation, home improvement, and other purposes
  1. 4 Prosper                                                    6.95% – 35.99% APR
  • Rates: 6.95% – 35.99% APR
  • Loan terms (years): 3, 5
  • Loan amount: $2,000 to $40,000
  • Fees: Origination fee
  • Discounts: None
  • Eligibility: Available in all states except IA, ND, WV
  • Min. income: None
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Min. credit score: 640
  • Time to get funds: On average, within 5 days of accepting your offer
  • Loan uses: Debt consolidation, home improvement, vehicles, small business, new baby expenses, and other purposes
  1. 5  Sofi                                                          5.99% – 17.53% APR
  • Rates: 5.99% – 17.53% APR
  • Loan terms (years): 2, 3, 4, 5, 6, 7
  • Loan amount: $5,000 to $100,000
  • Fees: None
  • Discounts: Autopay
  • Eligibility: Available in all states except MS
  • Min. income: Does not disclose
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Min. credit score: Does not disclose
  • Time to get funds: 3 business days
  • Loan uses: Solely for personal, family, or household uses

 

4 Comments

    jainmayank8397
  • Financial engagements are typically multifaceted, solving for specific of digital marketing answer moving challenges while buildings ongoing client capabilities. Into addition into defining new roles but helping d

      jainmayank8397
    • Life is good. Here we are in the last couple months of summer with its warm weather, family activities, getting

  • jainmayank8397
  • client capabilities. Into addition into defining new roles but helping develop employees’ skills

  • jainmayank8397
  • Life is good. Here we are in the last couple months of summer with its warm weather, family activities, getting ready for the children.

Comments are closed.