Personal loans and credit card loans are not same. Personal loan offers fixed interest rates and payments. Here I collect some of the best personal loan companies:
1: Lending Club
The lending club can make loans up to $40,000. It has a bit more lenient with credit scores than the other company. This company is strict on some criteria like debt-to-income data. Its APRs range is 5.99% to 35.89%.
In the 48 states, it has a business. It also takes a loan origination fee 1% to 6%. They also charge a check-processing fee. The Lending Club makes terms for three to five years. But for its creditworthy borrowers, it makes the two-year loan.
2: Wells Fargo
Wells Fargo is a long-established bank. If you have good credit, you can choose this bank for your personal loan. Its APRs is 6.25 to 19.75%. It provides loans from $3.000 to $1000, 000. This bank has no prepayment and origination fees, from 12 to 16 month its repayment terms work. It has a lacking that only its existing customers can apply online. So who lives near its branch he can take a loan from this bank.
Some people like doing business face to face. For that people, Wells Fargo provides competitive rates. It has huge branch network; it has more than 6,000 locations in the world. It has also some uncommon option which is not as like as online lenders.
3: Prosper
Prosper is liberal by its criteria. It can provide you $2,000 to $35,000 money for borrowing and its APRs are 5.99% to 35.97%. It has flexible interest rates, and it has business in 47 states. Prosper takes a week to proceed with a loan. It provides for you three to five-year repayment terms. In peer-to-peer lending, prosper is the biggest name. It inspires anyone to confident in online lending.
4: Light Stream
Light Stream provides excellent rates for creditworthy borrowers. It has currently 2.49-17.49% rates of the non-home and auto-related loan. It has no extra fees for loan origination, prepayment, or anything else. It has one lacking; it is the high threshold. They provide money for you as little as in a day. You will need stable income and assets, savings history for borrowing loan.
It has flexible terms and high borrowing limits. You can get a longer time to pay it back. It provides $5000 to $ 100,000 loans. It will provide money fast as little as a day.
5: SoFi
SoFi is popular for its student loan but it also provides personal loans. It provides $5000 to $100,000 money for the loan. They have 5.49% to 14.24% APR and 4.990 to 11.090% APR. It does not charge any extra fees. It provides three-, five-, or seven-year repayment terms. SoFi has business in 47 states. You need a high credit score to borrow loan from here. It offers some of the lower rates.
6: Earnest
Earnest is a low-cost loan provider and it is recent startup lender. It has a low rate of 4.25% to 9.25%. They can provide up to $50,000 money. This company provides one, two, and three-year loans. But they arrange repayment term with your budget. Their business is available in 36 states. It has also found in Washington, D.C.
