Since high-end APRs are for borrowers with bad credit, applicants with good credit should obtain APRs in the 5% to 10% range. Moreover, alternative factors like your income, savings, spending habits, education, and rent history can also tilt the scale in your favor.
As a result, we hope that our reviews will make your search a little easier.
Lender: | Loan Amount: | APR: | Min. Credit Score: | Best For: |
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SoFi | $5,000 – $100,000 | 5.74% – 20.28% | 680 | No-fee personal loans |
Prosper | $2,000 – $40,000 | 7.95% – 35.99% | 640 | Obtaining multiple personal loans |
Laurel Road | $5,000 – $45,000 | 7.00% – 24.75% | 660 – 700 | Debt consolidation |
Happy Money | $5,000 – $40,000 | 5.99% – 24.99% | 550 | A stable credit history |
FreedomPlus | $7,500 – $50,000 | 7.99% – 29.99% | 620 | Debt consolidation |
Marcus by Goldman Sachs | $3,500 – $40,000 | 6.99% – 19.99% | 660 | No-fee personal loans |
Discover | $2,500 – $35,000 | 5.99% – 24.99% | 660 | Debt consolidation |
LightStream | $5,000 – $100,000 | 2.49% – 19.99% | 660 | Strong credit profiles |
Wells Fargo | $3,000 – $100,000 | 5.74% – 19.99% | 660 | Wells Fargo customers |
PNC Bank | $1,000 – $35,000 | 5.99% – 35.99% | 660 | Online and in-person service |
Pentagon Federal Credit Union | $600 – $50,000 | 4.99% – 17.99% | 650 | High DTI ratios |
TD Bank | $2,000 – $50,000 | 6.99% – 18.99% | 700 | Good to excellent credit scores |
TransformCredit | $3,000 – $7,000 | Up to 35.99% | 750 | Borrowers with cosigners |
The lending market provides you with abundant options with a good credit score. However, options also present opportunities. For example, with many lenders competing for your business, you shouldn’t settle for a good personal loan. Instead, look to find a great one.
Our review includes some of the best personal loans for good credit to aid your search. Most lenders mandate a credit score of at least 650, and annual percentage rates (APRs) are as low as 2.49%. Moreover, since applying doesn’t hurt your credit score, it’s wise to shop around and see which lender will offer the best terms.
Furthermore, our marketplace can help you obtain the best good credit personal loan in the shortest amount of time. With a few clicks, you can browse dozens of lenders willing to help.
Loan Amount: | $5,000 – $100,000 |
APR: | 5.74% – 20.28% |
Min. Credit Score: | 680 |
Approval: | 1 – 7 Days |
Terms: | 2 – 7 Years |
Fees: |
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Qualification Criteria: |
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Average Borrower Profile: |
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Best For: | No-fee personal loans |
Check rates |
SoFi can help you obtain an affordable personal loan with a fee structure that’s more attractive than many of its competitors. Like LightStream, you can borrow anywhere from $5,000 to $100,000. And SoFi’s APRs range from 5.74% to 20.28%, with terms of two to seven years. In addition, if you have a SoFi Money account or open one within 60 days of your loan application, you’ll earn a $10 bonus. Also, SoFi doesn’t have origination or late payment fees, and like Marcus by Goldman Sachs, it’s one of the few companies on our list that doesn’t levy these charges. As a result, if you’re in the market for a good credit personal loan, SoFi is an excellent place to start your search.
You need a credit score of 680 to qualify at SoFi, and the requirement is higher than most lenders on our list. Furthermore, the average SoFi borrower has a FICO Score of 753, so the lender’s underwriting standards may be stricter. However, like LightStream, applying won’t impact your credit score, so it doesn’t hurt to inquire.
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The impact of COVID-19:
SoFi’s Special Handling Team offered assistance to borrowers struggling to make their loan payments during the pandemic. If you find yourself in a similar situation, you can contact SoFi at 1-855-456-7634 to learn more about the options available.