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Best Personal Loans for Excellent Credit

Someone with excellent credit may need a personal loan for a number of different reasons. According to the FICO scale which ranges from 300 to 850, excellent credit is defined as 800 or above. However, other scales consider anything over 780 to be excellent.

Loans for Excellent Credit
Allison Bethell
Written by:Allison Bethell
Real Estate Expert
Best Personal Loans for Excellent Credit

Many or all of the products featured here are from our partners who compensate us. This may affect which companies we write about and where the company appears on a page. However, any analyses, or reviews expressed in this article are those of the author’s alone, and have not been approved or endorsed by any partner.

Personal loans with excellent credit may be needed to cover a variety of expenses or pay off high-interest debt. You may need the funds to pay for a wedding, a vacation, home repairs, hospital bills, or for an emergency. Personal loan rates for excellent credit tend to be lower than credit card rates, so some borrowers will choose to take out a loan instead of using their credit card. Some of the advantages of the best personal loans for excellent credit are that rates are lower, terms are more favorable, and borrowers are more likely to qualify for a higher loan amount. Our team of financial experts reviewed and ranked more than 30 online lenders to help get you funded.

Best Personal Loans for Excellent Credit

Top Picks for Best Personal Loans for Excellent Credit

Best Personal Loans for Excellent Credit in 2023 - Full Overview

Best Overall

Credible - Best for Loan Marketplace

2.49% to 35.99%
Loan Amount
Min. Credit Score
Key Features
  • Uses a soft pull that doesn’t affect credit
  • Multiple loan products available
  • Minimum credit score600
  • No application or disbursement fees
Pros & Cons
  • High loan limit: Up to $100,000
  • Compare loans: In one place
  • Save money: By shopping around
  • Loan rates vary by lender
  • Loan qualifications vary by lender
  • Terms and features also vary

Credible is a loan marketplace that works with multiple reputable lenders including Discover and Rocket Loans. It offers personal loans from $600 up to $100,000 and is designed to save the borrower time and money by comparing and loan shopping all on one easy to use platform. You can get a pre qualified rate within two minutes.


Main Features

Loan limits for personal loans for excellent credit tend to go up to $100,000. A minimum credit score of 620 is required to qualify for a loan at Credible. Rates, terms, and other qualification criteria vary by lender, loan amount, and loan type. However, interest rates usually fall between 3.49% - 35.99% which is a big range.

If you’re looking for a loan marketplace, then Credible is a great place to check out. You can learn more about personal loans, compare rates and fees, and choose the loan that is best tailored to your needs. Loan amounts also go up to $100,000 which is higher than most other personal loan limits.

Upgrade - Best for Custom Loan Options

5.94% to 35.97%
Loan Amount
Min. Credit Score
Not disclosed
Key Features
  • Funding as soon as the next day
  • Can be approved with fair credit
  • Variety of discounts on rates
Pros & Cons
  • Large loan range: $1,000 - $50,000
  • Loan examples: Understand your loan
  • Helpful info: On personal loans on site
  • Not tailored: To excellent credit
  • Origination fee: On each loan
  • Other fees: Late fees charged

Upgrade is a financial technology company that offers personal loans and rewards checking accounts to its customers. It was founded to offer borrowers a better alternative to traditional banks. It operates online and offers personal loans for debt consolidation, emergencies, home repairs, and more. You can get a discount if you enroll in autopay or use one of their checking accounts.


Main Features

Upgrade offers personal loans to borrowers with bad credit all the way up to borrowers with excellent credit. The minimum credit score requirement is 500. Loan amounts range from $1,000 to $50,000 which is ideal if you want to make a small purchase or need to pay for an expensive repair. Loan terms typically range from two to seven years and rates range from 5.94% - 35.97%.

Upgrade is the ideal option if you are looking for a personal loan that can be customized to your individual needs. You can choose the loan product that is best for you and the company offers a free loan schedule so you can set up a monthly budget and know what it will look like when you’re halfway through paying off the loan. Keep in mind that Upgrade does work with borrowers of all credit levels, so may not have premium products exclusively for borrowers with high credit scores.

Prosper - Best for Flexibility

7.95% to 35.99%
Loan Amount
Min. Credit Score
Key Features
  • Lower credit score requirements
  • Quick and easy application process
  • More freedom of loan uses
  • Interest rates are fixed
Pros & Cons
  • No prepayment penalties
  • Soft-pull: Won’t affect credit score
  • Fast rate estimate: Within 2 minutes
  • Origination fees are charged
  • Need investors: To fund the loans
  • Site issues: Slow to load pages

Prosper is designed for borrowers to meet their financial goals and find peace of mind. It’s a peer-to-peer lending site where borrowers can borrow and investors can lend money. The site is easy to navigate and has helpful tools and information on personal loans, what they are, and how and when to apply for one. The company is centered around giving the borrowers flexibility. You can pay at your own pace with fixed rates and 3 or 5 year loan terms. Their application process is fast and you can get a rate estimate and projected monthly payment within two minutes.


Main Features

Prosper offers personal loans on its website that are backed by investors. The borrower qualifications include a minimum credit score of 640. Interest rates start at 7.95% and terms are three or five years. Loan amounts range from $2,000 to $40,000.

Prosper is an excellent choice for a personal loan if you want repayment flexibility, fixed rates, and monthly payments. The site offers a plethora of information on personal loans, credit cards, and other relevant financial topics.

LendingTree - Best for Additional Services

3.99% - 35.99%
Loan Amount
Min. Credit Score
Key Features
  • Considers applicants with fair credit
  • Marketplace lender
  • Offers educational resources to borrowers
Pros & Cons
  • Website: So easy and helpful
  • Additional services: mortgages and more
  • Chart: Compare loans on one page
  • Lender requirements vary
  • Large range of interest rates
  • May need to research multiple lenders

This company is an online loan marketplace that offers a variety of different loans including personal loans, auto loans, debt consolidation loans, business loans and more. Its website is comprehensive and makes it easy to compare lender qualifications and shop around for the best personal loans on one site. It has a helpful chart for personal loans for excellent credit. The chart shows what each lender is best for, their interest rate ranges, and the credit score requirements.


Main Features

LendingTree works with a lot of different lenders and allows consumers to compare their loan products in one place. Because of this, the rates, terms, and qualifications do vary. Rates for personal loans for excellent credit start at 2.49% and the loan amounts typically range from $1,000 to $50,000.

LendingTree is a well-known reputable loan marketplace that does a great job of laying out the lenders it works with and their specialities. It makes it very easy for consumers to loan shop and see which one would fit their needs and which one they would be most likely to qualify for. It’s also good if you want to get additional services such as a mortgage, auto loan, or credit card on the same site.

PenFed - Best for Small Loan Amounts

4.99% to 17.99%
Loan Amount
Min. Credit Score
Not disclosed
Key Features
  • Low interest rates
  • No origination fees
  • You can apply with a co-borrower
Pros & Cons
  • Two loan types: loan and line of credit
  • Mobile access: To your account
  • Benefits: Offered by credit union
  • Need to be a member: To receive the loan
  • Loan details: Lacking on website
  • Minimum credit score is not disclosed

PenFed offers some of the best personal loans for excellent credit. It’s a credit union that also offers a variety of other banking and financial services. Anyone can apply for a loan, but before accepting the loan, you must join the credit union. Personal loan approvals are based on overall credit profile including employment history, payment history, debt, income, and credit score.


Main Features

Rates for personal loans for excellent credit start at 4.99% at PenFed. The minimum credit score isn’t disclosed. Loan amounts go up to $50,000 and loan terms are up to 5 years. If you’re looking for a personal loan, you can also check out their other services so you can keep your bank accounts with the same company your loan is with for added convenience.

PenFed is ideal for a personal loan if you are already a member of the credit union, want to get a smaller loan amount, or if you want to take advantage of some of the perks of joining a credit union. These often include banking services, online access to your accounts, discounts to affiliated businesses, and the most competitive rates on loans and mortgages.

AmOne - Best for Comparing Loans

Loan Amount
Min. Credit Score
Key Features
  • Variety of personal and business loans
  • Fast application process
  • Loans are available for borrowers with low credit scores
Pros & Cons
  • Easy to compare: All in one place
  • Loan amount: Upto $50,000
  • Auto match: Matches you with a lender
  • Lack of loan information overall
  • Rates and terms vary: By lender
  • Varying qualifications

A great place to compare loans, AmOne is a lending platform that matches potential borrowers with lenders in their state. There are loan products for different credit tiers, so not just for borrowers with excellent credit. Applications are completed online and can be approved within just a few minutes. Funding happens as quickly as the next day on qualified loans. Personal loans can be used for paying off debt, buying a boat, medical expenses, home repairs, and more.


Main Features

AmOne is a viable option if you’re looking for a personal loan for excellent credit on a lending platform where you can check out multiple lenders and can easily compare loan products, rates, and terms. It makes loan shopping more bearable because you can do it all on the same site which saves time.

AmOne is a viable option if you’re looking for a personal loan for excellent credit on a lending platform where you can check out multiple lenders and can easily compare loan products, rates, and terms. It makes loan shopping more bearable because you can do it all on the same site which saves time.
upstart review

Upstart - Best for Automation

3.09% - 35.99%
Loan Amounts
Min. Credit Score
Key Features
  • Loans can be funded in one busines day
  • Prequalification with a soft credit check
  • Accepts borrowers with fair credit
Pros & Cons
  • Range of loan amounts: $1,000 - $50,000
  • Application: Simple process online
  • Online resources: Blog and personal loan info
  • Not tailored: To excellent credit
  • Varies by state: No uniform loan specifics
  • High Average APR: 24.95%

A lending platform that uses artificial intelligence, Upstart partners with a number of different banks so borrowers can get access to the loans that fit them best and are the most affordable. Upstart doesn’t have a minimum credit score requirement, but borrowers with excellent credit have access to more loans, more competitive rates, higher loan amounts, and better terms. Upstart offers different types of personal loans that can be used for a number of things including home repairs, medical bills, and weddings.


Main Features

Rates for personal loans at Upstart typically range from 5.22% to 35.99% and the average APR is 24.95%. There isn’t a minimum credit score, but borrowers with excellent credit get access to more loans with lower rates and more favorable terms. Loan terms are 3 or 5 years and much of the loan process is automated and easy for the borrower to navigate and understand.

Upstart is a contender when you’re looking for the best personal loans for excellent credit because it has a good range of loan amounts. You can get a small loan or a larger loan. The application process is also simple and the website offers some helpful information on personal loans, commonly used terms, and the steps for applying for a personal loan.

How to Choose the Best Personal Loan for Excellent Credit?

When choosing the best personal loans for excellent credit, you will want to know the ins and outs of each loan so you can compare and contrast them, get the best deal, and choose the one that fits your financial needs and your timeline. Our experts used multiple parameters to rank the best low interest personal loans for excellent credit.

Consider the following factors:

  • Loan Features: Know the features before you apply for the loan so you know exactly what to expect and don’t get any costly surprises. Be familiar with the loan minimum and maximum amounts and make sure the amount you need to borrow fits within that parameter. Also, be familiar with the length of the loan, known as the term. The best personal loans for excellent credit have shorter terms than mortgage loans or even business loans.
  • Interest rates and fees - Some fees to consider when applying for a personal loan for excellent credit are lender origination fees, late fees, prepayment penalties, and the largest expense will be your interest rate. Rates on personal loans are higher than mortgage interest rates. However, the best personal loans for excellent credit offer lower rates and fees than loans for borrowers with less than stellar credit.
  • Application process - Can you apply online? What documents will you need to have handy? Does the initial application only require a soft-pull on your credit? Also, inquire about the funding time and how you receive the money, by wire or direct deposit etc. You have excellent credit so are at an advantage and should choose a company that has some competitive offerings.
  • Qualification requirements - Be aware of the loan qualifications so you don’t waste time applying if you don’t meet the requirements. Know what the minimum credit score and income requirements are. Some credit unions require a membership, so research that as well. Other things to think about are if they allow co-signers or joint applicants.
  • Customer support - Some companies offer live support, some are U.S. based, and others only reply via chat or email. Do your research so you know when you will be able to reach out for support and get your questions answered. Also, check out if the lender offers supplemental information and tools like informative blogs, webinars, FAQs, and help centers.
  • Online user reviews - Check out reviews on independent review sites like Trustpilot and see what other users think of the company. Take them ‘with a grain of salt’ but look at overall patterns and if there are lots of negative remarks on one topic.
  • Perks and Bonuses - Consider specified service offerings like payment flexibility, advertising transparency, and advanced technology. Can you choose your payment date and are there any perks for getting a loan with the company? For example, if you pay off the first loan, will you get a better rate on the next loan? Do you get any bonuses or discounts at referral companies?

Best Personal Loans for Excellent Credit - Main Features Table

Rocket Loans4.4
  • Est. APR - Varies
  • Min. credit score - Not disclosed 
  • Loan Amount - $2,000 -$45,000 
  • Loan Term - 3 or 5 years

What Is an Excellent Credit Loan?

An excellent credit loan is a type of personal loan that is only offered to borrowers who fall in the ‘excellent credit’ range. This usually means they have a credit score of 800 or higher. These are the least risky borrowers for the lenders to work with because their credit history is strong and they’re most likely not going to default on the loan. These loans can be used for a variety of reasons and are offered by online lenders, credit unions, and banks.

What Are the Excellent Credit Loan Rates?

The interest rate for excellent credit varies between lenders, types of loans, loan amount, and the borrower’s other qualifications such as income, debt-to-income ratio, employment history, and payment history. Competitive rates generally start around 5.99% for excellent credit, start around 8.99% for good credit, and exceed 12% for fair credit. If your credit score is bad, your rate could easily be over 15%.

How Does Excellent Credit Affect Your Personal Loan?

Having excellent credit has so many advantages when it comes to getting a personal loan. Firstly, you will be considered for loans offered by companies that only work with credit-worthy borrowers. You will also have access to the most flexible terms, the most competitive rates, and you may even be able to choose a repayment schedule. Additionally, you may qualify for a higher loan amount than someone who has less than excellent credit. Having excellent credit will save you money with a lower rate and you will be able to choose to work with whichever lender has the best loan products.

How to Get a Loan with Excellent Credit

The following are the basic steps needed to get a loan with excellent credit:

  • Know your credit score: Check your credit score upfront, there are many free sites to check it and monitor it, use one of those so you know what you’re working with. There are three credit bureaus: Experian, Equifax, and Transunion and you should know what each of your scores are.
  • Loan purpose: What do you need the loan for? Really think about if a personal loan is the ebay option and how quickly you need the loan. Also, know approximately how much you need to borrow. This will save you time when researching companies that might not be able to fund the loan quickly enough or may not offer the loan amount you need.
  • Research and compare lenders: Start with the financial institution you do business with and see what they offer, check out the lenders on our list, and see which company seems like the best fit. Compare the rates, terms, qualifications, and application processes of each lender.
  • Apply: Most applications can be done online. Go through the application process and have your identification and documents ready. You may need tax returns and bank statements from the past couple of years.
  • Approval or Denial: If you’re approved, the lender will give you the next steps to follow which will most likely include submitting any additional paperwork, signing the loan documents, and setting up the repayment schedule.
  • Funding: This is the best part! You get your money. Typically, the lender will tell you how long funding will take and will then send a wire to your account, give you a check, or make a direct deposit into your bank account.

Pros and Cons of a Personal Loan for Excellent Credit

As is the case with any loan, there are both pros and cons when it comes to personal loans for excellent credit.


  • Rates: Typically lower than credit cards
  • Fast funding: Sometimes as soon as the next day
  • Ease of stress: Get the money and stress less
  • Qualification: Easier to qualify with excellent credit


  • Another Bill: More debt
  • Debt to Income Ratio: Now increased with this new loan
  • Credit: Another credit inquiry and trade line on your credit report
  • Payment: Need to remember to pay unless it’s automated


The best personal loans for excellent credit are offered by reputable lenders that provide loan transparency, available customer service representatives, competitive interest rates, an easy application process, and flexible terms. These 720 credit score personal loans (sometimes what personal loans for great and excellent credit are referred to) can be found through online lenders, banks, credit unions, and other financial institutions. These loans are used for varying reasons including paying off debt, consolidating debt, paying for emergencies, home repairs, starting a small business, and even paying for a wedding or a dream vacation.

Frequently Asked Questions(FAQ)

Can a personal loan hurt my excellent credit score?
A personal loan can have negative and positive effects on your credit score. Once you apply for the loan, the lender will check your credit which may drop a few points off your credit score. This is considered a credit inquiry and is a hard credit pull.

Additionally, adding more debt can negatively affect your debt-to-income ratio, which may make it harder to get approved for another purchase such as a car, until you pay off the loan. However, a personal loan, if paid on time, can add a positive trade line, and can boost your credit score, especially when you finish paying the loan off.
What Is Considered an Excellent Credit Score?
As we mentioned earlier in the article, a FICO score ranges from 300 to 850 and anything over 800 is considered an excellent score. However, this isn’t set in stone, some lenders consider anything over 780 an excellent credit score. Just know that the higher your credit score, the better off you will be when applying for any type of loan.
What Can I Use My Personal Loan For?
Check the lender guidelines to see if there is anything that you are prohibited from using your loan for. This usually isn’t the case with personal loans, but some lenders may say you can’t use the money to fund a high-risk business. Otherwise, you can use the loan for whatever you want/need the money for within reason. Personal loans are often used for emergencies, medical bills, paying off debt, once in a lifetime vacations, weddings, and even educational purposes.
Where can I get a personal loan?
You can get a personal loan at any of the lenders that we mentioned. You can also check out other online lenders, a bank or a credit union. It’s best to start off asking the financial institution that you do business with first because they know your financial history and they typically offer the best rates and terms to their customers.
How big of a loan can you get with excellent credit?
You will qualify for a bigger loan if you have excellent credit, but the actual size also depends on the lender’s maximum loan amount, and if you can repay the loan. You will need to show strong financials and proof of income, as well as on time payments to get a large loan. Loan limits vary by lender but personal loans rarely exceed $50,000 unless some type of collateral is given.
Can I get a loan with a 750 credit score?
Yes, you should be able to get a loan with a 750 credit score. This is considered a ‘good’ or ‘very good’ score. Assuming that you meet all of the other borrower qualifications, you shouldn’t have a problem getting a loan. The other qualifications may include things like income, employment, and payment history, as well as how much debt you currently have.

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About the Author

Allison Bethell

Allison Bethell

Real Estate Expert

Allison Bethell is a content writer, real estate investor, small business owner, and consultant. She has a B.A. from Villanova University in Sociology and Business. She also holds several graduate certificates in early childhood development, screenwriting, and contract law.

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