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Best Personal Loans for Good Credit

A personal loan for good credit is a loan where the borrower has what is considered a ‘good’ credit (FICO) score which generally falls between 670 and 739. These types of loans are typically used to consolidate high-interest debt, pay for an unforeseen emergency, or fund a large purchase.

Best Personal Loans for Good Credit
Allison Bethell
Real Estate Expert

There are many scenarios why someone with good credit may need a personal loan. The loan may be used to pay off debt, repay a friend, fix an emergency, or even fund a side business. If you have a higher FICO score, your loan terms and rates will be more favorable and you will have options when it comes to choosing the best loans for good credit.

Our team of financial experts reviewed and ranked more than 30 online lenders to help you get funded. They reviewed the rates, features, and terms of the personal loan companies for good credit. They considered soft pull personal loans and researched the best place to get a personal loan with good credit.

Our Top Picks Best Personal Loans for Good Credit

upstart review
  • Loans can be funded in one busines day
  • Prequalification with a soft credit check
  • Accepts borrowers with fair credit
Min. Credit Score
Min. Credit Score 600+
Loan Amounts
Loan Amounts $1K-$50K
Est. APR
Loan Repayments 36-60 months
  • Funding as soon as the next day
  • Can be approved with fair credit
  • Variety of discounts on rates
Min. Credit Score
Min. Credit Score Not disclosed
Loan Amounts
Loan Amount $1K-$50K
Est. APR
Loan Repayment 24 to 84 months
  • Low interest rates
  • No origination fees
  • You can apply with a co-borrower
Min. Credit Score
Min. Credit Score Not disclosed
Loan Amounts
Loan Amount $600-$50K
Est. APR
Loan Repayment 1-5 years

How to Choose the Best Personal Loan for Good Credit?

When choosing the best personal loans for good credit, there are so many things to consider. Fortunately, your credit is good, which gives you more options. However, you still want to get the best deal, so want to know the ins and outs of each lender and the loans they offer.

When choosing the best loans, our experts used these parameters to rank the lenders and they place considerable importance on the following factors:

  • Loan Features: You want to know as much as possible about the features of the loans, so you can compare them to other loans that are offered. Consider the length of the loan, also known as the term. Terms are generally shorter for personal loans than they are if you were getting an auto loan or a home loan. Also, know the loan minimums and maximums and make sure your needs fit within their available range.
  • Interest rates and fees - Again, you want to get the best deal possible, so you will want to know about all fees, and what your rate will be, so you can compare it to what other loans are offering. Typically, the higher your credit score, the lower your rate will be. Non collateral loans like personal loans do have higher rates than those that require collateral because there is more risk involved.
  • Application process - Find out about the application process before you’re in the midst of it. How invasive is it? Does it require a soft-pull or a hard-pull on your credit score? Have all necessary paperwork ready, and find out not just how long the application process takes, but also how long it takes to fund the loan. If you need to pay for an emergency situation tomorrow, a loan that funds weeks later won’t be helpful.
  • Qualification requirements - Know what the qualification requirements are upfront so you don’t waste your time applying if you know you don’t meet them. Find out what the minimum credit score requirement is, if there is a membership requirement, which may be the case with a loan from a credit union, and find out if co-signers or joint applications are allowed.
  • Customer support - If you’re a night owl, and customer support doesn’t offer any type of night time support, you may want to consider other lenders. Find out what their hours are, if they offer live support, what channels of support are provided, and if there are supplemental tools, webinars, and information on personal loans that may be helpful.
  • Online user reviews - It’s important to check out reviews on independent review sites like Trustpilot to see what real customers have to say about the company and the loan specifically. Look for overarching trends and take heed to a lot of negative comments about the same issue.
  • Perks and Bonuses - Consider specified service offerings like payment flexibility, advertising transparency, and advanced technology. What does the lender offer you that their competitors may not?

Best Personal Loans for Good Credit in 2022 - Full Overview

1.Upstart - Best for Automation

Upstart is an artificial intelligence (AI) lending platform that partners with banks to enable borrowers to borrow money with fair terms and affordable options. Unlike some of the other lenders, Upstart works with various levels of credit. Those with good credit will have access to lower rates and higher loan limits. It’s a digital lending experience that automates much of the application and loan process for personal loans. Different types of personal loans are offered including those to pay off debt, pay for home repairs, and pay medical bills.
Application: Simple and fast
Resources: Blog and FAQs
Loan Limit: Big range
State Variance: Different Loan amounts
Website: Needs more loan details
High Average APR: 24.95%

Average APRs at Upstart are 24.95% which the company is transparent about. However, interest rates do range from 5.22% to 35.99% depending on your credit and overall financial profile. There aren’t disclosed minimum credit score requirements and loan amounts range from $1,000 to $50,000. Terms are for either three or five years.

The Bottom Line

Upstart is a solid option if you want a personal loan and don’t want to have to speak to agents or go through a lengthy application process. Its average APRs are on the higher side but it has a large range of loans, so whether you only need $1,000 for an emergency or need more for a bigger project, it may be able to provide the funds.

2.Upgrade - Best for Customization Option

Upgrade is designed to offer customers alternatives to traditional banks. In addition to personal loans, they offer banking services and a low cost credit card. They aren’t specifically tailored to borrowers with high credit scores though. Their loans are for a variety of needs including major purchases, home improvements, debt consolidation, and refinancing credit cards. They offer joint loans, as well as a wide range of repayment terms. Upgrade offers discounts for setting up autopay and discounts for using their checking account services.
Fixed rate: Know and plan
Monthly payment: No weekly
Loan breakdown: Examples on site
Origination fee: charged
Late fee: charged
Not specifically for good credit

Upgrade offers personal loans for fair, good, and excellent credit. The minimum credit score requirement is 560 and loan amounts range from $1,000 to $50,000. Loan terms are from two to seven years and interest rates range from 5.94% - 35.97%.

The Bottom Line

Upgrade is worth considering if you want to be able to customize your loan. You can choose the loan offer that best helps with your financial needs and monthly budget. You can also use their website to see the loan schedule and how it will look as you pay it down. However, this lender isn’t tailored towards borrowers with good credit, so there may not be as many perks as if you went with a lender who only works with high credit score borrowers.

3.PenFed - Best for Credit Union Loan

PenFed is a credit union that offers personal loans for good credit, in addition to a host of other banking and financial services. Loans are dependent not just on credit score, but also your overall credit profile. You can apply for a loan without joining the credit union, but if the loan is approved and you accept it, you must be a credit union member.
Account access: Mobile app
One stop shop: Banking and more
Loan types: Loans and lines of credit
Membership Needed: To credit union
Credit score: Minimum not disclosed
Website: Lacking loan details

PenFed offers personal loans for good credit but the minimum credit score isn’t disclosed. The website is lacking when it comes to specific loan details. However, the starting interest rate is 4.99% and the maximum loan amount is $50,000. Loan terms go up to 60 months.

The Bottom Line

PenFed is a great option for a personal loan for good credit if you already belong to the credit union or want to join and take advantage of its other benefits such as banking services and other financial products. However, its website isn’t as high-tech as some other online lenders and membership is required in order to receive a loan from them.

4. AmOne - Best for Loan Comparisons

AmOne is a lending platform that matches consumers to various lenders in their state. It works with a variety of credit tiers, so loans aren’t specifically tailored to borrowers with good credit. You can apply for a personal loan online and have an approval within minutes and be funded as quickly as the next day. You can also choose which loan product best works for your needs, and the site makes it easy to compare different loans and lenders.
Compare: Rates and terms
Auto match: You to a lender
Customer service: U.S. based
Unknowns: Rates and terms
Lender criteria varies
Website: Lacking loan details

AmOne is a lending platform that matches loans and lenders with consumers that could benefit from them. Because it works with various different lenders, loan requirements vary greatly. Personal loans typically go up to $50,000, but rates, terms, and minimum credit scores all depend on the lender and the loan product that is offered.

The Bottom Line

AmOne is a good option if you want to quickly apply for a personal loan and want to get matched with the best options without researching lenders on different sites yourself. However, the site lacks specific loan details so you may not know the APR range or the terms until you fill out the application. The good thing is that there is live support in case you need help with the process or have any questions.

Try AmOne

5.NetCredit - Best for Small Loans

NetCredit offers small personal loans, as well as lines of credit for borrowers with varying credit scores. The company focuses on small loans that are quickly funded. The application process is simple, completed online, and if approved, loans can be funded as soon as the next day. There aren’t specific loans for good credit scores and rates vary by state. You will need to type in your state to see what the rate range will be.
Low loan minimum: Borrow a small amount
Customize: Repayment schedule
No prepayment penalty
Low loan maximum: Only up to $10,000
Rates vary: By state
Website: Lacking loan details

NetCredit offers personal loans and loans in the form of small lines of credit. Personal loan amounts range from $1,000 to $10,000 and lines of credit go up to $4,500. Terms typically range from 12 to 60 months and interest rates vary by state but can be higher than 35%. The required minimum credit score is not disclosed.

The Bottom Line

NetCredit is a viable option if you just need a small personal loan and are in a hurry. Loan limits only go up to $10,000 so it won’t help if you’re in need of a larger amount. Additionally, interest rates vary by state and can be quite high. They do have a transparency promise that explains how the loan works and all related fees before you sign it, so you know what you’re getting into which is a positive thing.

6.Figure - Best for Autopay Discount

Figure offers personal loans for good credit, but you do need to contact the company to find out their minimum credit score requirements. Some personal loans qualify for next day funding and if you want to check out other options while you’re applying for a personal loan, they also offer crypto-backed loans, mortgages, and HELOCs.
Discount for autopay: 0.25%
Fast application: Done in minutes
Payments: Options for planning
Unknowns: Minimum credit score
Website: Could be more helpful
Low loan amount: Up to $50,000

Figure offers personal loans with amounts that go up to $50,000. It offers a fast application process that is 100% online. Rates range from 5.75% to 31.44%. The company offers a 0.25% autopay discount. There are multiple fixed term options so you can choose when you will pay off your loan and see how the payment schedule will look. Next day funding is offered if your application is completed before 7:00 p.m. E.S.T. Loan terms range from 36 months to 60 months and you need to contact the company for minimum credit score requirements.

The Bottom Line

Figure is a good option if you want a personal loan for good credit that rewards you with a discount for setting up autopay. It’s also good for receiving funds quickly, and the application process is quick so you won’t waste a lot of time waiting to see if you’re approved.

7.LendingClub - Best for Paying Multiple Creditors Directly

With Lending Club’s personal loans, you can pay more than one creditor directly. This helps consolidate your debt, keep track of payments, and requires less work on your part. LendingClub is an online fintech marketplace bank that operates as the name states, like a club for lending. It has a technology driven platform designed for borrowers to pay less when borrowing and earn more when saving.
Joint loans: Available
Average rates given: 15.95% APR
Transparency: Comparisons and info given
Low loan maximum: Only $40,000
No short term loans: 36 or more months
Auto payment withdrawal: Con for some people

LendingCLub offers personal loans for good credit but has more lenient credit requirements than some other lenders. A minimum credit score of 600 is required and you can apply on their website with only a soft-credit pull. Funding can be as soon as 24 hours after your loan approval. Loan amounts range from $1,000 to $40,000 which is a good range for a small purchase or a relatively inexpensive emergency, but may not be enough for some borrowers. Interest rates range from 7.04% to 35.89% and terms range from 36 to 60 months. Loan payments are automatically withdrawn from the borrower's bank account.

The Bottom Line

LendingCLub is a great option to check out if you have good credit and need a personal loan. They are transparent with their interest rates, show you comparisons with their competitors,and even give you an average APR that most borrowers receive. Additionally, they have loans that can directly pay multiple creditors so you don’t have to do it yourself.

8.SoFi - Best for Mobile Application

SoFi only works with borrowers who have good, very good, and excellent credit scores. They do this so they can offer premium loan products with competitive rates. They offer multiple personal loans including ones for weddings, loans for family planning, home improvements, travel, and more. They have received awards for their personal loans for good credit and their site is informative with lots of information on personal loans and explanations of commonly used terms.
Website: Well laid out and informative
Apply anywhere: Mobile application
Unemployment protection: Help if you lose job
Unknown: Only range of rates til you apply
Terms: Need to contact for specifics
Credit: Borderline good credit may be a no

SoFi offers competitive rates starting at 6.99% for good credit borrowers. It offers discounts and member perks including an online community, a help center, a referral program, and discounts off affiliated services including estate planning. Loan amounts range from $5,000 to $100,000 and they offer various personal loans to meet different needs. There are no hidden fees, no prepayment penalties, and no origination fees.

The Bottom Line

SoFi offers one of the best personal loans for good credit. Its application process can be done from your phone on their mobile app, they fund quickly, and don’t charge many of the fees other lenders charge. They also offer resources to find out more about different types of loans and they give you access to member perks and discounts.

Try SoFi

9.Discover - Best for One Stop Shop

Known mostly for its credit cards, Discover also offers a host of other financial services that you can take advantage of all in the same place including checking accounts, personal loans, student loans, and home loans. They also have a help and resource center and articles on different topics that explain more about personal loans, their benefits, and requirements. You can check your rate on their site with only a soft-credit pull.
Respected company: Gives comfort
Loan specialists: U.S. based
Repayment terms: That are flexible
No short term loans: 36+ months
Specific rate: Only after you apply
Credit score: Minimum not disclosed

Discover offers personal loans for a multitude of reasons including vacation loans, home remodeling loans, wedding loans, and debt consolidation loans. They require a good credit score to get approved, but an exact score isn’t disclosed. Their rates range from 5.99% to 24.99% based on creditworthiness and the ability to pay back the loan. You can choose your monthly repayment schedule. The term options range from 36 to 84 months. There is a personal loan calculator on the site to give you a better understanding of the true cost of the loan.

The Bottom Line

Discover is a solid option if you need a personal loan and you have good credit. The company is reputable with strong user reviews, its site is easy to use, the application can be done quickly online with only a soft-credit pull, and there are helpful resources to learn more about your loan and calculate its total cost.

10.Universal Credit - Best for Fast Funding

Universal Credit offers personal loans for good credit borrowers. It has an innovative online platform where you can check your interest rate for free without affecting your credit score. Their loans can be used for a variety of purposes including debt consolidation, repairs, emergencies, and high-interest credit cards. This lender is ideal if you need your funds fast, want a soft credit pull, and mobile access to your loan.
Quick funding: As soon as one day
Predictable payments: Know and plan
Credit monitoring: Free to check progress
Unknowns: Rate unknown until you apply
Lown loan limits: Only up to $50,000
Fees: Origination fees of 4.25%+

universal credit
There are two types of loans offered by Universal Credit: personal loans and debt consolidation loans. Rates for personal loans for good credit vary and you need to contact the company directly to find out more about the loan qualifications including the minimum credit score. There are origination fees to fund the loan but no prepayment penalties if you pay the loan off early. Funding can be as fast as the next day and you can complete the application online. The maximum loan amount is $50,000 and loan terms range from 36 to 60 months.

The Bottom Line

Universal Credit offers some of the best personal loans for good credit because the loans are funded as fast as the next day. The website offers helpful information on personal loans including a help center. It also doesn’t charge prepayment penalties and has multiple loans to compare and choose from.

Best Personal Loans for Good Credit - Main Features Table

Company Name

Est. APR

Min. credit score

Loan Amount

Loan term


5.22% - 35.99%


$1,000 - $50,000

3 or 5 years


5.94 - 35.97%


$1,000 - $50,000

2 - 7 years



Not disclosed

Up to $50,000

Up to 60 months



Not disclosed

Up to $50,000

Varies by lender


Varies by state

Not disclosed

$1,000 - $10,000

12 - 60 months


5.75% - 31.44%

Not disclosed

$5,000 - $50,000

36 - 60 months


7.04% - 35.89%


$1,000 - $40,000

36 - 60 months



Not disclosed but good credit +

$5,000 - $100,000

Contact for details


5.99% - 24.99%

Not disclosed


36 - 84 months

Universal Credit


Not disclosed

Up to $50,000

36 - 60 months

What Is a Good Credit Loan?

A good credit loan is a specialty type of loan for borrowers who have what is considered a good credit score. It’s typically offered in the form of a personal loan that doesn’t require any collateral. Instead, it’s based on the borrower’s credit profile. Rates, terms, and loan amounts vary by lender.

What Are The Good Credit Loan Rates?

Rates for good credit loans vary between lenders, loan types, and loan amounts. However, a typical APR for a personal loan with good credit is 8.99%+, for excellent credit the rate may be as low as 5.99%, and fair credit the rate increases to over 12%. If the lender offers loans for borrowers with bad credit, expect to have a rate over 15% and sometimes as high as 35%.

How Does Good Credit Affect Your Personal Loan

Good credit positively affects your personal loan in a number of ways. You will be offered low interest rates which will save you money over the life of the loan. Additionally, you may pay less in lender fees and be offered loan products that are only for well-qualified borrowers. You may also get to choose from different repayment terms and take advantage of lender specials and discounts such as one month interest free or not making your first payment for two months etc.

How to Get a Loan with Good Credit

Every lender has their own application and loan process, but typically you will complete the following steps to get one of the best personal loans with good credit:

  • Know your credit score: Check your credit score so you don’t waste time applying for loans you won’t qualify for. There are several free and subscription based sites where you can check your score easily online in just a few minutes.
  • Consider use and amount: What do you want the loan for? And how much will you need? Make sure that the lender doesn’t have loan usage restrictions and consider if the amount you need fits within their loan range.
  • Compare lenders: Look at the rates, terms, fees, and qualifications and choose the one that best fits you
  • Apply: Visit the lender’s site and fill out the application and submit all required documents
  • Decision time: If you receive an approval, you will be given the next steps. You may be required to submit more paperwork such as bank statements, pay stubs, or tax documents
  • Get funded: The lender will let you know when you will get funded and if it will be in the form of a wire or direct deposit to your bank account or a check, etc.

How to Improve Your Credit Score

There are so many tips and tricks to improve your credit score, but the best option is really just to be on top of your finances and not spend more than you can afford. Below are some specific ways to improve your credit score:

  • Pay off your credit cards: In full by the due date
  • Spend less: Try to spend less than 25% of your credit card limit. For example, if your limit is $1,000, don’t spend more than $250 on that card if you can help it
  • Make on time payments: Pay on time consistently. If your payment is more than 30 days late the creditor can report it to the credit bureau and it negatively affects your credit score.
  • File disputes: Dispute errors on your credit report
  • Report: Make sure creditors such as rent and utilities are being reported to the credit bureaus so it counts positively when you pay on time
  • Higher credit limit: Ask for a higher limit but keep your balance low so your available credit is plentiful and your credit utilization rate is low
  • Authorized User: Ask someone close to you to be an authorized user on one of their accounts. This person should have good or excellent credit and make timely payments which will positively impact your credit score
  • Pay off a large debt: This will show the credit bureau two things. One: you are responsible and can handle large debt so you will be more likely to be approved for a larger loan in the future. And two, that you pay your bills on time or early.

Other loan options for good credit

Besides personal loans for good credit, there are other options to consider. Having good credit already gives you better options than those without good credit. Some alternatives to personal loans include:

  • HELOC: This is a home equity line of credit and is a revolving line that you can draw funds from during a draw period. You only pay back what you use, but you will need to own real estate to qualify for this.
  • Traditional bank or credit union loan: Get a bank loan from the financial institution you have a relationship with. They often offer low rates and good terms for their customers. You may also be able to borrow against your own money you have in one of their accounts.
  • Family or friends: Borrow money from family or friends, but treat it like a loan, with a contract and a payback date. You don’t want to ruin a relationship over a loan.
  • Home equity loan: Essentially a second mortgage, you can borrow against the equity in your home to free up some cash. However, you will need to have enough equity in your home and meet the lender’s other criteria
  • Business loan: If you own a business, you could take out a business loan to free up some cash. Remember to read the loan criteria and make sure that it can be used for whatever you intend to use it for.
  • Cash out refinance: If you already own a home, you can take out a loan to pay off a previous loan and also get cash. You will be responsible for paying off this new larger loan.
  • Credit card advance: Some credit card companies will give you an advance where you can withdraw the money same as cash, but watch out for fees and potentially high interest rates
  • Borrow from stocks: If you have an investment portfolio, you could take the money from there and then put it back in affordable increments. You will need to wait a few days to sell shares and then have the money available


The best personal loans for good credit are offered by lenders with competitive rates, easy applications, quick funding times, and transparent fees. These loans can be used to pay off debt, fund emergencies, and for a host of other reasons. You can typically find the best loans through an online lender, a bank, or a credit union. Although most of these loans don’t require collateral, they do take your credit into high consideration, and the better your credit, the more competitive the terms will be, and the lower your interest rate will be.

Frequently Asked Questions(FAQ)

Can a personal loan help build your credit?
A personal loan can help build your credit. It may be a great way to help build or rebuild your credit if the interest rate is competitive and the fees aren’t too high. However, make sure that the lender reports to the three credit bureaus. This is an important factor when building your credit. You want to make sure that you are credited for your timely payments.
What is the best credit score for a personal loan?
There isn’t necessarily a ‘best’ credit score for a personal loan. However, the higher your credit score, the more likely you will be approved for the loan at a competitive rate and with favorable terms. 670 or higher is typically considered a good score, but this does vary from lender to lender.
What credit score is needed for a personal loan?
Some personal loans will accept borrowers who have low credit scores in the 500s, but their rates will be higher and their terms will be less favorable. Lenders want to limit their risk, and borrowers with higher credit scores usually represent lower risks. Most lenders want to see a credit score in the mid 600s or higher to feel confident that the loan will be repaid on time.
What are the easiest personal loans to get approved for?
There really isn’t one loan that is the easiest to get. Typically, loans with low loan limits like $1,000 or $2,000 are easier to get than higher loan limits. It may also be easier to get one of these personal loans if you already have a financial relationship with the company or have received and paid off a personal loan before. If you’re looking for an easy personal loan to get, consider the criteria and if you meet it. You may exceed the minimum credit score requirements, but not have a checking account, so that may not be the loan for you. ‘Easiness’ is really subjective.
What credit score is needed for a $15,000 personal loan?
The credit score needed for a $15,000 personal loan really varies between lenders and also varies based on the other criteria the borrower needs to meet. The lender may be more lenient with a credit score if something like medical bills are dragging the score down, but the borrower has a high income and years of steady employment. Typically, you will need a credit score of at least 660 to qualify for a $15,000 loan.
How to get a 200k personal loan?
It’s not impossible to get a $200,000 personal loan, but it can be difficult. Most lenders' loan limits go up to $50,000 or $100,000. In order to qualify for a higher amount, you will need to show that you can afford the monthly payments, have a strong istroy or paying debt on time, and have a high credit score.

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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.

More about me