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.

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.

- How To Get a Personal Loan with Poor Credit Score

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.