Personal loans for good credit: the best of January 2022

SoFi

Ideal for good credit and large loan amounts

4.99-19.63%

Fixed rates ranging from 4.99% APR to 19.63% APR include an automatic payment discount of 0.25% and a direct deposit discount of 0.25%. The SoFi rate brackets are in effect on XX / XX / XX and are subject to change based on market conditions and borrower eligibility. SoFi personal loans are not available to MS residents. Additional state restrictions may apply. Your actual rate will be within the range of rates shown and will depend on the term you choose, your credit rating, income, and a variety of other factors. The lowest rates reserved for the most solvent borrowers. Auto Payment Discount: SoFi’s 0.25% Auto Payment interest rate reduction requires you to agree to make monthly payments of principal and interest through an automatic monthly deduction from an account. savings, checks or other account. The benefit will cease and be forfeited for periods in which you do not pay by direct debit from a savings, chequing, or SoFi Money account. Autopay is not required to receive a loan from SoFi. Direct Deposit Discount: To get an additional 0.25% APR direct deposit discount, you must: (1) set up automatic payment with SoFi Money within 20 days of your loan funding, AND (2) Set up direct payroll deposits of at least $ 1,000 / mo to SoFi Money within 35 days of funding your loan. If you do not set up automatic payment with SoFi Money within 20 days of funding your loan, AND set up direct payroll deposits to SoFi Money within 35 days of funding your loan, you will not be eligible for this additional direct deposit of 0.25%. reduction. Once qualified, you will receive this additional 0.25% direct deposit discount during the periods in which you have activated direct deposits of at least $ 1,000 / month with your SoFi Money account. This additional direct deposit discount will be forfeited during the periods in which you have disabled direct deposits for your SoFi Money account. You don’t have to sign up for automatic payment or direct deposits to receive a loan from SoFi. The reduction in the direct deposit rate excludes members of the SoFi Money® promotional $ 100 direct deposit program. SoFi Money® is a cash management account, which is a brokerage product, offered by SoFi Securities LLC. FINRA member[HYPERLINK https://www.finra.org/]/ SIPC[HYPERLINK https://www.sipc.org/]. Neither SoFi nor its subsidiaries are a bank. SoFi Money debit card issued by The Bancorp Bank.

$ 5,000 to $ 100,000

680

To pay

To pay

Best for Good Credit and Credit Card Consolidation

5.99-24.99%

This does not constitute an actual commitment to lend or an offer to extend credit. When submitting a loan application, you may be asked to provide additional documents to enable us to verify your income, assets and financial situation. Your interest rate and the terms for which you are approved will be shown to you as part of the online application process. Most applicants will receive a variety of loan offers to choose from, with varying loan amounts and interest rates. Borrower subject to a loan origination fee, which is deducted from the loan proceeds. Refer to the entire borrower agreement for all terms, conditions and requirements.

$ 5,000 – $ 40,000

600

Marcus by Goldman Sachs

Marcus by Goldman Sachs

on the Goldman Sachs website

Best for Good credit and flexible payments

6.99-19.99%

The terms of your loan are not guaranteed and are subject to our verification of your identity and credit information. To get a loan, you need to submit additional documents including an application that may affect your credit score. The availability of a loan offer and the terms of your actual offer will vary due to a number of factors, including the purpose of your loan and our assessment of your creditworthiness. Rates will vary depending on many factors, such as your creditworthiness (for example, your credit rating and credit history) and the length of your loan (for example, 36-month loan rates are usually lower than mortgage rates. 72 month loans). The maximum loan amount may vary depending on the purpose of your loan, your income and your creditworthiness. Your verifiable income should support your ability to repay your loan. Marcus by Goldman Sachs is a trademark of Goldman Sachs Bank USA and all loans are issued by Goldman Sachs Bank USA, Salt Lake City branch. Applications are subject to additional general conditions. Receive an APR reduction of 0.25% when you sign up for AutoPay. This reduction will not be applied if AutoPay is not in effect. Once enrolled, more of your monthly payment will go toward your principal loan amount and less interest will accrue on your loan, which can result in a smaller final payment. See the loan agreement for more details.

$ 3,500 to $ 40,000

660

600 minimum VantageScore® 3.0 and 660 minimum FICO® 9.0.

on the Goldman Sachs website

Lightstream

LightStream

Best for Good Credit and Low Rates

4.49-20.49%

The terms of your loan, including the APR, may differ depending on the purpose of the loan, amount, term, and your credit profile. AutoPay 0.50% points discount is only available if selected prior to loan funding. Rates without AutoPay will be 0.50% higher. To get a loan, you must complete an application on LightStream.com which may affect your credit score. Subject to credit approval. Conditions and limitations apply. The prices and conditions advertised are subject to change without notice. Example Payment: Monthly loan payments of $ 10,000 at 6.14% APR with a term of 3 years would result in 36 monthly payments of $ 304.85. Truist Bank is an equal housing lender. © 2021 Truist Financial Corporation. SunTrust, Truist, LightStream, the LightStream logo, and the SunTrust logo are service marks of Truist Financial Corporation. All other trademarks are the property of their respective owners. Loan services provided by Truist Bank.

$ 5,000 to $ 100,000

Loan example: A four-year, $ 20,000 loan with an APR of 13.9% would cost $ 546 in monthly installments. You would pay $ 6,208 in total interest on this loan.

660

Best egg

Best egg

Best for Good Credit and Secured Loan

4.99-35.99%

* Trustpilot Octoberscore as of June 2020. Best Egg personal loans, including the Best Egg Secured Loan, are made by Cross River Bank, a licensed commercial bank in the State of New Jersey, member of the FDIC, Equal Housing Lender or Blue Ridge Bank, a nationally chartered bank, FDIC Member, Equal Housing Lender. “Best Egg” is a trademark of Marlette Holdings, Inc., a Delaware corporation. All uses of “Best Egg” refer to “the Best Egg Personal Loan”, “the Best Egg Secured Loan” and / or “Best Egg on behalf of Cross River Bank or Blue Ridge Bank, as the originator of the loan. Staff Best Egg ”, as applicable. The duration, amount and APR of any loan we offer you will depend on your credit score, income, debt payment obligations, loan amount, credit history and other factors. . Your loan agreement will contain specific terms and conditions. About half of our customers get their money the next day. After successful verification, your money can be deposited into your bank account within 1-3 business days. The time when available funds are available during loan approval may vary depending on your bank’s policies. Loan amounts range from $ 2,000 to $ 50,000. Massachusetts residents have a minimum loan amount of $ 6,500; New Mexico and Ohio, $ 5,000; and Georgia, $ 3,000. For a second Best Egg loan, your total existing Best Egg loan balances cannot exceed $ 50,000. Annual percentage rates (APRs) range from 4.99% to 35.99%. The APR is the cost of credit as an annual rate and reflects both your interest rate and an origination charge of 0.99% to 5.99% of your loan amount, which will be deducted from the proceeds of the loan. loan you receive. The origination fee on a loan with a term of 4 years or more will be at least 4.99%. The length of your loan will impact your APR, which may be higher than our lowest advertised rate. You need a minimum FICO® score of 700 and a minimum individual annual income of $ 100,000 to qualify for our lowest APR. To help the government fight the financing of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What it means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identification documents.

$ 2,000 to $ 50,000

600

Personal loan figure

Personal loan figure

on the secure NerdWallet site

Best for Good Credit and Fast Financing

5.75-22.94%

This APR includes an automatic payment discount.

$ 5,000 to $ 50,000

680

See my rates

on the secure NerdWallet site

Stephen V. Lee