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1. LightStream Personal Loans
LightStream stands out for its competitive APRs and flexible terms, ranging from 24 to 144 months. They offer same-day funding for qualified applicants and have no fees, including no prepayment penalties. Their online application process is streamlined, making it easy to apply.
- APR Range: 5.99% - 23.99%
- Loan Amounts: $5,000 - $100,000
- Repayment Terms: 24 - 144 months
2. SoFi Personal Loans
SoFi offers fixed-rate personal loans with benefits such as unemployment protection and career coaching. Their no fees policy and high loan amounts make them a strong contender.
- APR Range: 6.99% - 23.43%
- Loan Amounts: $5,000 - $100,000
- Repayment Terms: 24 - 84 months
3. Marcus by Goldman Sachs
Marcus is known for its no fees, fixed rates, and generous loan amounts. They provide flexible repayment options and offer no prepayment penalties.
- APR Range: 6.99% - 24.99%
- Loan Amounts: $3,500 - $40,000
- Repayment Terms: 36 - 72 months
4. Discover Personal Loans
Discover offers fixed-rate loans with no origination fees and ample customer support. They also feature a 30-day satisfaction guarantee where you can return the loan within 30 days if you're unsatisfied.
- APR Range: 6.99% - 24.99%
- Loan Amounts: $2,500 - $35,000
- Repayment Terms: 36 - 84 months
5. Upstart
Upstart uses artificial intelligence to assess your creditworthiness, providing personal loans even to those with limited credit histories. Their APR range and quick funding make them a viable option.
- APR Range: 5.40% - 35.99%
- Loan Amounts: $1,000 - $50,000
- Repayment Terms: 36 - 60 months
6. Avant
Avant caters to those with fair credit and offers personal loans with quick approval times. Their APR range is slightly higher, but they provide flexible terms.
- APR Range: 9.95% - 35.99%
- Loan Amounts: $2,000 - $35,000
- Repayment Terms: 24 - 60 months
7. Payoff
Payoff specializes in debt consolidation and offers fixed-rate personal loans. They focus on helping borrowers improve their credit scores and achieve financial stability.
- APR Range: 5.99% - 24.99%
- Loan Amounts: $5,000 - $40,000
- Repayment Terms: 24 - 60 months
8. Best Egg
Best Egg provides personal loans with competitive rates and easy online application. They focus on debt consolidation and offer quick funding.
- APR Range: 5.99% - 29.99%
- Loan Amounts: $2,000 - $50,000
- Repayment Terms: 36 - 60 months
9. LendingClub
LendingClub offers personal loans with a peer-to-peer lending model, giving them a unique position in the market. They provide flexible terms and competitive APRs.
- APR Range: 7.04% - 35.89%
- Loan Amounts: $1,000 - $40,000
- Repayment Terms: 36 - 60 months
10. OneMain Financial
OneMain Financial offers personal loans with in-person service and a range of loan amounts. They provide secured and unsecured options with flexible terms.
- APR Range: 18.00% - 35.99%
- Loan Amounts: $1,500 - $20,000
- Repayment Terms: 24 - 60 months
Comparison Chart of Top Personal Loans in 2024
| Lender | APR Range | Loan Amounts | Repayment Terms |
|---|---|---|---|
| LightStream | 5.99% - 23.99% | $5,000 - $100,000 | 24 - 144 months |
| SoFi | 6.99% - 23.43% | $5,000 - $100,000 | 24 - 84 months |
| Marcus | 6.99% - 24.99% | $3,500 - $40,000 | 36 - 72 months |
| Discover | 6.99% - 24.99% | $2,500 - $35,000 | 36 - 84 months |
| Upstart | 5.40% - 35.99% | $1,000 - $50,000 | 36 - 60 months |
| Avant | 9.95% - 35.99% | $2,000 - $35,000 | 24 - 60 months |
| Payoff | 5.99% - 24.99% | $5,000 - $40,000 | 24 - 60 months |
| Best Egg | 5.99% - 29.99% | $2,000 - $50,000 | 36 - 60 months |
| LendingClub | 7.04% - 35.89% | $1,000 - $40,000 | 36 - 60 months |
| OneMain Financial | 18.00% - 35.99% | $1,500 - $20,000 | 24 - 60 months |
Conclusion
Choosing the right personal loan in 2024 depends on your unique financial situation and goals. Whether you need debt consolidation, home improvement funds, or emergency cash, these top lenders offer a range of options to meet your needs. Always compare APR ranges, loan amounts, and repayment terms to find the best fit for you.
