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.
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.
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.
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.