9 Best Personal Loan Companies of 2019

Find Out Here Best Lenders for Your Personal Loan



You can take a personal loan for any financial assistance — like credit card, debt consolidation, home renovation or extension, covering temporary business expenditures, and more. The advantage of preferring personal loans over credit cards is that interest rates on personal loans are typically lower than credit cards. Now, the question is where to find the best lender for the personal loan.  As many lenders offer a personal loan, it is sensible to compare the rates, terms, and features from multiple lenders (including online lenders) to find the best personal loan lenders. Let’s have a look at the best personal loan lenders, along with the eligibility requirements and level of service provided by each of them.
8 Best Personal Loan Companies of 2019

We prepared a list of the most trusted and reputable personal loan lenders to help you take a wise decision.

1. Afinoz

Headquartered in San Ramon, California Afinoz is a reputed online financial marketplace for loans and investment products. Initially, the company started its operation in the India and now has expanded to the USA territory. The company has made quite a name for itself in the Indian Territory, with its unparalleled and unmatched services to millions of satisfied customers. 

Website: Afinoz

Headquarter: San Ramon, California.

Type: LLC

Specialties: Banking and financial products – Personal , Mortgage& Business Loan, Free Credit Score, Credit Card, Mutual Fund, and Insurance services.



2. Avant Personal loan

Its personal loans are designed to borrowers with low credit scores who need money to debt consolidation or for essential expenses. The notable features of Avant personal loan are as under.
  • Loan amount range
    $2,000 - $35,000
    APR Range
    9.95% - 35.99%
    Loan length range
    24 - 60 months
    Administration fee range
    0.00% - 4.75%
    Min credit score
    580
    Eligibility
  • Applicant must be a resident in the U.S. with a valid security number
  • Must have a physical address


Why you should choose Avant personal loan
  • Low minimum credit score
  • No prepayment fees
  • Refinancing option

2. Best Egg Personal Loan

Best Egg offers a wide range of personal loans to fulfill your various needs. Avail it for debt consolidation, home renovation and other expenses that are immediate. The prominent features of Best Egg personal loan are as under.
Loan amount range
$2,000 - $35,000
APR Range
5.99% - 29.99%
Loan length range
36 - 60 months
Origination fee range
0.99% - 5.99%
Min credit score
640
Eligibility
  • Applicant must be a U.S. citizen or permanent resident alien
  • He or she can’t be a resident of IA, VT, or WV


Why you should choose Best Egg personal loan

  • Low rate for good credit
  • Fastest loan application process

3. FreedomPlus Personal Loan

FreedomPlus is an online lender that offers personal loans for a variety of purposes, including debt consolidation, home renovation, medical expenses, travel, wedding, and other purposes. Some notable features of Freedom Plus personal loan are as under.
Loan amount range
$10,000 - $40,000
APR Range
5.99% - 29.99%
Loan length range
24 - 60 months
Origination fee range
0.0% - 5.0%
Min credit score
640
Eligibility
  • Must be a resident in the U.S. with a valid social security number
  • Required documents include verified income and bank account, valid ID and your signature


Why you should choose a personal loan from FreedomPlus
  • No hidden charges
  • No prepayment fees
  • Your rate  will never increase

5. LendingClub Personal Loan
LendingClub is one of the biggest marketplace lenders and known as a top option for personal loan borrowers. LendingClub can be the best option for you if you have a good credit score, high income, low debt-to-income ratio, and long credit history. Its notable features are:
Loan amount range
$10,000 - $40,000
APR Range
6.16% - 35.89%
Loan length range
36 - 60 months
Origination fee range
1.0% - 6.0%
Min credit score
600
Eligibility
  • Must be a U.S. Citizen or resident Alien with a valid social security number, physical address, residing in the U.S.
  • Required documents include verified income and bank account, photo ID and your signature
Why you should choose LendingClub personal loan
  • Fixed monthly payments
  • Low, fixed interest rates
  • No prepayment penalties
LightStream Personal Loan
LightStream offers one of the highest borrowing amounts with competitive interest rates and no origination fees on a personal loan. Some prominent features are as under:
Loan amount range
$5,000 - $100,000
APR Range
3.34% - 16.99%
Loan length range
24 - 84 months; up to 12 years for home improvements
Origination fee range
None
Min credit score
660
Eligibility
  • Must reside in the U.S.


Why you should choose LendingClub personal loan
  • Lowest interest rate
  • No origination fee
  • Highest amounts
6. Marcus by Goldman Sachs Personal Loan
Marcus is an online lender owned by Goldman Sachs that offers debt consolidation loan to the individuals with good credit score. Some prominent features of Marcus personal loan are as under:
Loan amount range
$3,500 - $40,000
APR Range
6.99% - 24.99%
Loan length range
36 - 72 months
Origination fee range
None
Min credit score
660+
Eligibility
  • Must be a U.S. citizen or resident Alien with a valid social security number  and physical address

  • Borrower should not reside in MD


Why you should choose Marcus personal loan
  • Competitive interest rates
  • No origination, prepayment  and late fees
  • Flexible loan terms

Payoff Personal Loan
Payoff offers a personal loan as ‘The Payoff Loan’ designed primarily to pay off credit card debts. The approval process is quite easy. All you need is a 640 credit score and a debt-to-income ratio below 50%. Features and rates of Payoff personal loan are as under.
Loan amount range
$5,000 - $35,000
APR Range
5.99% - 24.99%
Loan length range
24 - 60 months
Origination fee range
0% - 5%
Min credit score
640+
Eligibility
  • Must be a U.S. citizen or resident Alien with a valid social security number  and physical address

  • Borrower can't reside in DC, DE, IA, LA, MA, MD, MI, MN, MS, NC, NE, NV, OH, OK, VA, VT, WA, WI, or WV


Why you should choose Payoff personal loan
  • Lower interest rates
  • Payment flexibility
  • Throughout financial guidance
7. Prosper Personal Loan
Prosper is the first peer-to-peer lending marketplace in the United State. Its marketplace is backed by prominent investors like Sequoia Capital, Francisco Partners, Institutional Venture Partners, and Credit Suisse NEXT Fund. Prosper loan rates and terms are as under.
Loan amount range
$2,000 - $40,000
APR Range
6.95% - 35.99%
Loan length range
36 - 60 months
Origination fee range
2.4% - 5%
Min credit score
640+
Eligibility
  • Must be a U.S. citizen with social security number  and bank account

  • You qualify for a loan based on your credit history


8. Upgrade Personal Loan
Upgrade pioneered online lending to operate at a lower cost and deliver better banking experience than conventional banks. Features and rates of Upgrade personal loan are as under.
 
Loan amount range
$1,000 - $50,000
APR Range
6.99% - 35.97%
Loan length range
36 - 60 months
Origination fee range
1.0% - 6%
Min credit score
620+
Eligibility
  • Minimum monthly free cash flow: $800

  • Not available for borrowers from: Maryland, Vermont or West Virginia, Colorado, Connecticut, Iowa.


Why you should get upgrade personal loan?
  • Fast funding
  • Low fixed rates
  • No prepayment fees
  • Affordable monthly payment
9. Upstart Personal Loan
Upstart offers loans to new borrowers having promising college degrees and financial futures and average-credit borrowers. Some features of Upstart Personal Loan are as under.
Loan amount range
$1,000 - $50,000
APR Range
7.98% - 35.99%
Loan length range
36 - 60 months
Origination fee range
0.0% - 8.0%
Min credit score
620+
Eligibility
  • Must be a U.S. citizen or permanent resident with social security number and bank account with a routing transit number
  • Must have a full time job or another source of regular income



Rates and terms may vary for each individual customer and his or her unique financial situation. Generally, rates and terms depend on various factors, including applicant's employment history, credit history, loan repayment history, and many other factors.