Best Unsecured Personal Loans

You can borrow between $5,000 and $100,000 from Lightstream and have your money as soon as the same day. Terms range from 24 to 240 months, depending on the type of loan you choose, and APRs range from 3.49% to 19.99%, which includes an Autopay discount. There are no fees on Lightstream loans, including late fees. The lender doesn’t disclose minimum income requirements or a minimum credit score, but you’ll need good or excellent credit to apply. That means you’ll need several years of credit history with a variety of account types and few or no delinquencies. You’ll also need stable and sufficient income.

You can borrow between $5,000 and $100,000 from SoFi and repay the loan over 24 to 84 months. APRs vary from 6.49% with all discounts to 21.78% and there are no fees to worry about. Funding can happen as quickly as the same day. While SoFi doesn’t disclose minimum income or credit score requirements, several third-party sources in addition to SoFi’s blog mention that a credit score in the high 600’s is typically needed for a personal loan from SoFi.

Upgrade offers personal unsecured loans in amounts ranging from $1,000 to $50,000 with flexible repayment terms from 24 to 84 months. APRs start at just 5.94% with all discounts but go up to 35.97%. There’s an origination fee of between 2.9% and 8% of the loan amount and a late fee of up to $10. Funds are available the next business day. Upgrade doesn’t specify a minimum credit score or minimum income requirements, but the lender will evaluate your individual income along with your co-borrower’s income should you choose to apply with one. You’ll likely need fair credit to be approved, but you can check your rate without hurting your score.

Oportun offers loans without collateral in amounts ranging from $300 to $10,000. Terms vary by state but range from 12 to 48 months, and APRs vary from 7.99% to 35.99%. There is an origination fee that will depend on your state, and the lender charges a late payment fee and returned check fee. There are no minimum credit score or income requirements, and people with bad credit are invited to apply. Most applicants receive their funding the same day.

You can borrow between $1,000 and $50,000 from Upstart and repay the loan in 36 or 60 months. APRs vary depending on the lending partner but are capped at 35.99%. Depending on your creditworthiness, you may also be charged an origination fee of up to 8%. There’s also a late payment fee costing the greater of $15 or 5% of the past due amount. To qualify, you must have a minimum credit score of 300 or insufficient history to generate a score. You also can’t have a debt-to-income ratio of more than 50% (45% in some states), but there are no specific minimum income requirements.

With AmOne, one simple application gets you access to loan offers from multiple lenders. You can borrow between $1,000 and $50,000 with APRs ranging from 2.49% to 35.99%, depending on the lender. Some lenders on the platform may charge an origination fee or other fees. Terms of up to 72 months are available. AmOne doesn’t specify a minimum credit score, but notes that there are products for borrowers with scores as low as 500. There’s also no minimum income requirement to use the platform.

With Rocket Loans, if you sign your loan documents by 1:00 pm ET on a business day, the funds will be transferred into your bank account on the same day. You can borrow between $2,000 and $45,000 with APRs ranging from 5.97% with Autopay to a maximum of 29.99%. There’s a 1% to 6% origination fee that will be deducted from the loan proceeds. In addition, Rocket Loans charges late fees and return check fees. You can choose a 36 or 60-month term. Rocket Loans does not disclose a minimum credit score but notes that you’ll typically need a score between 600 and 700 for approval. While Rocket Loans evaluates your income, there’s no specific minimum requirement.

PenFed offers loan amounts between $600 and $50,000 with terms ranging from 12 to 60 months. APRs vary from 5.49% to 17.99%, and there are no origination fees or early payoff penalties. You may be charged a late fee of $29 for each late payment, however. PenFed funds are available within 48 hours after accepting your loan offer. PenFed doesn’t disclose minimum income or credit score requirements, but several sources report that you’ll need good credit to work with the credit union. Applying with a co-borrower may increase your chances of approval.

Marcus by Goldman Sachs offers loans from $2,000 to $45,000 with no fees of any kind. There are no origination fees, prepayment fees, or even late fees. APRs range from 6.99% to 19.99% and terms range from 36 to 72 months, with nine specific options. Marcus doesn’t have minimum income or credit score requirements, but we don’t recommend applying unless you have good credit. Once you sign and accept your loan offer, it will take one to four business days to receive your funds.

Discover offers loans between $2,500 and $35,000 with flexible terms ranging from 36 to 84 months. Fixed APRs range from 5.99% to 24.99% and there is no origination fee. You won’t have to worry about prepayment penalties, either, but there is a $39 late payment fee. Discover’s debt consolidation loans can’t be used for educational purposes or to pay off a secured loan or directly pay a Discover credit card. To be eligible for a loan from Discover, you need at least $25,000 in annual income. While Discover doesn’t disclose a minimum credit score, several sources report that you’ll need good credit to be approved.