Best Personal Loan Rates 2020

Personal loans offer loans from $100 to $100,000. Their APR vary between 5.99% to 35.99%,and it’s counted based on your credit score. Terms vary between 1 month to 10 years. Personal loans are offered by online lenders, banks and credit unions.

ElitePersonalFinance found the best personal loans 2020!

Bad Credit

People with bad credit can get a personal loan! Stay away from payday loans!

The expected APR on a personal loan will be higher. On average it should be about 15% to 35.99%, which means 5 - 10 times cheaper than payday loans! Securitization of a loan or adding a cosigner could lead to easier approval, higher amount and lower APR. Review our list of personal loans for bad credit >>

Really Bad Credit !!!

Alternative payday loans offer $100 to $5,000 for people with really bad credit. They are no credit check loans. They are 5 – 10 times cheaper than payday loans. Review our list of alternative payday loans >>

ElitePersonalFinance also created a special list of loans for people with really bad credit. There we included many options. Some of them could be more expensive. Use it only if you have no other options. Review our list of loans for really bad credit >>

Fair Credit

People with fair credit can get a personal loan. The expected ARP should bebetween 10% to 15%. Securitization of a loan or adding a cosigner could lead to easier approval, higher amount and lower APR. Review our list of personal loans for fair credit >>

Good Credit

People with good credit have many options: online lenders, banks, credit unions. People with good credit enjoy the best APRs of 5.99% to 10%. Some people even can be approved for as low as 3%, if their credit score is perfect. Review our list of personal loans for good credit >>

Debt Consolidation

If you have many loans, now it’s the time to consider debt consolidation. Well planned debt consolidation could lead to cheaper rates and better terms. Not well planned debt consolidation could lead that you topay many extra fees. Review our list of debt consolidation loans >>

In case someone can’t be approved for a personal loan, payday loans should NOT be your next step!!! There are many other options.

3700 Reviews
Amount

$1,000 - $100,000

Min Credit Score 0

but 620 is Recommended

APR

4.99 - 35.99%

Approval

1 Day

Terms

12 - 120 months

Get started

Chosen 37100 times

Loan Comparison Site
More Information
Customer type:
All
Borrow up to:
100,000 $
Low credit score:

Weekend payout:

Credit check:
Soft
Age:
18
From 3700 Reviews
Interest Costs
Flexibility Terms
Website Functionality
Support Service

There are plenty of services in the marketplace, however, SuperMoney is the best! This company works with thousands of loan companies, lenders credit unions and so on, so finding you a loan will be easy. And they work different. Instead of getting your personal details and sending is to list of their lenders, like other companies do, SuperMoney will ask you to complete their form one time and directly list you offers that are available to you. There is a big difference because you directly get personalized offers based on your financial situation and your personal information is not send to list of lenders, like other sites do. After that, you can pick the best for you. Click offer details below each and you will find all of the information you need to know regarding APRs, repayment terms and fees. Best of all, the service is completely free and requires no obligation.

2901 Reviews
Amount

$1,000 – $100,000

Min Credit Score 0

but 620 is Recommended

APR

4.99 - 35.99%

Approval

1 Day

Terms

12 - 120 months

Get started

Chosen 20431 times

Loan Comparison Site
More Information
Customer type:
All
Borrow up to:
100,000 $
Low credit score:

Weekend payout:

Credit check:
Soft
Age:
18
From 2901 Reviews
Interest Costs
Flexibility Terms
Website Functionality
Support Service

Offering a $200 credit if you find a better rate from another competitor, Credible has no hidden fees and offers pre-qualified rates in as little as two minutes. Loans range from $1,000 to $35,000, but if you have bad credit, you’ll likely qualify for $5,000 or less. Its APRs range from 5.34% to 35.99% and you can repay the funds in as little as 61 days to upwards of 10 years. Keep in mind though, Credible places a lot of emphasis on your debt-to-income ratio and you also need to show the lender you have steady income.

Pros:
  • Free to use and no hidden fees.
  • Fair APRs ranging from 5.34% to 35.99%.
  • Receive rates in as little as 2 minutes.
Cons:
  • Loan origination fees range from 0% to 8%.
  • Loan amounts on your debt-to-income ratio.
Best for: Unsecured Personal Loans
1890 Reviews
Amount

$2,000 - $40,000

Min Credit Score

640

APR

6.95% - 35.99%

Approval

1 - 3 Days

Terms

36 - 60 months

Get started

Chosen 12269 times

Customer type:
All
Borrow up to:
40,000 $
Low credit score:

Weekend payout:

Credit check:
Soft
Age:
18
From 1890 Reviews
Interest Costs
Flexibility Terms
Website Functionality
Support Service
2690 Reviews
Amount

$1,000 – $35,000

Min Credit Score

580

APR

5.99% – 35.99%

Approval

< 1 Day

Terms

90 Days – 72 Months

Get started

Chosen 25087 times

Customer type:
All
Borrow up to:
35,000 $
Low credit score:

Weekend payout:

Credit check:
Soft
Age:
18
From 2690 Reviews
Interest Costs
Flexibility Terms
Website Functionality
Support Service

PersonalLoans offers unsecured loans ranging from $1,000 to $35,000, and because the company only requires a minimum credit score of 580, PersonalLoans is a great place to obtain a bad credit loan. Its APRs range from 5.99% to 35.99%, but to qualify, you need to have some form of recurring income. It can be full-time employment, self-employment, regular disability or Social Security benefits. Keep in mind though, loans are not available to residents in Arkansas, Georgia or New York.

Pros:
  • Low credit score requirements of 580.
  • Low income requirement of $1,000.
  • Bad credit is ok.
  • Highest amount allowed is $35,000.
  • Available in many states.
Cons:
  • People with really bad credit can’t apply.
  • You can’t have an account with a late payment for longer than 60 days or a recent bankruptcy.
  • You can’t have any recent charge-offs or late payments.
Best for: Bad Credit
2089 Reviews
Amount

$1,000 – $35,000

Min Credit Score

0

APR

5.99% – 35.99%

Approval

< 1 Day

Terms

2 – 5 Years

Get started

Chosen 20903 times

Co Signer Loan
More Information
Customer type:
All
Borrow up to:
35,000 $
Low credit score:

Weekend payout:

Credit check:
Soft
Age:
18
From 2089 Reviews
Interest Costs
Flexibility Terms
Website Functionality
Support Service

Offering loans to borrowers of all credit scores, SignatureLoan provides reliable financing in as little as five minutes. Loans range from $1,000 to $35,000, but large amounts are usually only accessible to those with high credit scores. Its APRs range from 5.99% to 35.99%, but loans are not available to residents in the state of Maine. As well, you must have a minimum monthly income of $1,100 to qualify. The application process is quick and easy, and through its e-signature feature, you can even receive funding without mailing in any physical paperwork.

Pros:
  • Low credit score requirements of 0.
  • Bad credit is ok.
  • Highest amount allowed is $35,000.
Cons:
  • People with really bad credit can’t apply.
  • Risk to lose your partnership.
Best for Co-signer Loans
2409 Reviews
Amount

$1,000 – $50,000

Min Credit Score

500

APR

3.99% – 35.99%

Approval

< 1 Day

Terms

1 – 5 Years

Get started

Chosen 21687 times

Highest Amount for Bad Credit
More Information
Customer type:
All
Borrow up to:
50,000 $
Low credit score:

Weekend payout:

Credit check:
Soft
Age:
18
From 2409 Reviews
Interest Costs
Flexibility Terms
Website Functionality
Support Service

With over 10 billion in loans provided, LendingTree is one of the largest online personal loan companies in the marketplace today! Since LendingTree offers unsecured loan to borrowers with credit scores as low as 500, it’s a great place to apply if you have extremely bad credit. You can borrow up to $50,000 but if you’re credit is poor, the amount you receive will be less. As well, its APRs range from 3.99% to 35.99%, but if you have bad credit, expect an APR near the top-end of the range.

Pros:
  • As one of the largest online loan companies, LendingTree is a name you can trust.
  • APRs range from 3.99% to 35.99%.
  • Low credit score requirements (500 minimum).
  • 1-day approval process.
Cons:
  • Some people with extremely bad credit won’t be approved.
  • A loan origination fee of 0-3% can apply.
Best for: Unsecured Personal Loans
3000 Reviews
Amount

$1,000 – $50,000

Min Credit Score

600

APR

6.98% – 35.89%

Approval

< 1 Day

Terms

3 - 5 Years

Get started

Chosen 21000 times

Customer type:
All
Borrow up to:
50,000 $
Low credit score:

Weekend payout:

Credit check:
Soft
Age:
18
From 3000 Reviews
Interest Costs
Flexibility Terms
Website Functionality
Support Service
Upgrade Disclaimer:

Personal loans made through Upgrade feature APRs of 6.98%-35.89%. All personal loans have a 1.5% to 6% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. For example, if you receive a $10,000 loan with a 36-month term and a 17.98% APR (which includes a 14.32% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $343.33. Over the life of the loan, your payments would total $12,359.97. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. Personal loans issued by Upgrade's lending partners. Information on Upgrade's lending partners can be found at https://www.upgrade.com/lending-partners/.

2540 Reviews
Amount

$2,000 – $25,000

Min Credit Score

600

APR

9.99% – 35.99%

Approval

1 – 3 Days

Terms

3 – 5 Years

Get started

Chosen 22345 times

Customer type:
All
Borrow up to:
25,000 $
Low credit score:

Weekend payout:

Credit check:
Soft
Age:
18
From 2540 Reviews
Interest Costs
Flexibility Terms
Website Functionality
Support Service

LendingPoint has APRs that range from 9.99% to 35.99% and the company offers unsecured loans that range from $2,000 to $25,000. But, to qualify, you must have an annual income of at least $20,000 and a minimum credit score of 600. You can choose between bi-weekly or monthly repayment, and the company looks at factors other than just your credit score to determine whether or not you qualify: factors like your credit history, employment status and credit card debt, Keep in mind though, loans are not available to residents in Colorado, Nevada, Maine, Maryland, Massachusetts, Connecticut, Wyoming, Wisconsin, Vermont, New York or West Virginia.

2672 Reviews
Amount

$7,500 - $40,000

Min Credit Score

680

APR

6 - 15%

Approval

1 - 7 Days

Terms

36 - 84 months

Get started

Chosen 24899 times

Customer type:
All
Borrow up to:
40,000 $
Low credit score:

Weekend payout:

Credit check:
Soft
Age:
18
From 2672 Reviews
Interest Costs
Flexibility Terms
Website Functionality
Support Service
1472 Reviews
Amount

$2,000 - $35,000

Min Credit Score

640

APR

5.99% - 29.99%

Approval

1 Day

Terms

36 - 60 months

Get started

Chosen 11059 times

Customer type:
All
Borrow up to:
35,000 $
Low credit score:

Weekend payout:

Credit check:
Soft
Age:
18
From 1472 Reviews
Interest Costs
Flexibility Terms
Website Functionality
Support Service
1226 Reviews
Amount

$3,500 - $40,000

Min Credit Score

660

APR

6.99% - 24.99%

Approval

1 - 4 Days

Terms

36 - 72 months

Get started

Chosen 10523 times

Customer type:
All
Borrow up to:
40,000 $
Low credit score:

Weekend payout:

Credit check:
Soft
Age:
18
From 1226 Reviews
Interest Costs
Flexibility Terms
Website Functionality
Support Service
1226 Reviews
Amount

-

Min Credit Score

-

APR

-

Approval

-

Terms

-

Get started

Chosen 10523 times

Customer type:
All
Borrow up to:
40,000 $
Low credit score:

Weekend payout:

Credit check:
Soft
Age:
18
From 1226 Reviews
Interest Costs
Flexibility Terms
Website Functionality
Support Service
3770 Reviews
Amount

$2,500-$35,000

Min Credit Score 660 APR

6.99-24.99%

Approval

1 Day

Terms

24 - 84 Months

Get started

Chosen 34899 times

Customer type:
All
Borrow up to:
35,000 $
Low credit score:

Weekend payout:

Credit check:
Soft
Age:
18
From 3770 Reviews
Interest Costs
Flexibility Terms
Website Functionality
Support Service
2059 Reviews
Amount

$1,000 - $45,000

Min Credit Score

660

APR

5.5 - 11.99%

Approval

1 - 5 Days

Terms

36 - 60 months

Get started

Chosen 14123 times

Customer type:
All
Borrow up to:
45,000 $
Low credit score:

Weekend payout:

Credit check:
Soft
Age:
18
From 2059 Reviews
Interest Costs
Flexibility Terms
Website Functionality
Support Service
2891 Reviews
Amount

$5,000 - $100,000

Min Credit Score

680

APR

6 - 15%

Approval

1 - 7 Days

Terms

36 - 84 months

Get started

Chosen 19761 times

Customer type:
All
Borrow up to:
100,000 $
Low credit score:

Weekend payout:

Credit check:
Soft
Age:
18
From 2891 Reviews
Interest Costs
Flexibility Terms
Website Functionality
Support Service
1956 Reviews
Amount

$5,000 - $75,000

Min Credit Score

680

APR

6.99 - 18.24%

Approval

1 - 7 Day

Terms

36 - 60 months

Get started

Chosen 2679 times

Customer type:
All
Borrow up to:
75,000 $
Low credit score:

Weekend payout:

Credit check:
Soft
Age:
18
From 1956 Reviews
Interest Costs
Flexibility Terms
Website Functionality
Support Service
1479 Reviews
Amount

$1,000 - $40,000

Min Credit Score

600

APR

6.16 - 35.89%

Approval

1 - 7 Days

Terms

36 - 60 months

Get started

Chosen 19497 times

Customer type:
All
Borrow up to:
40,000 $
Low credit score:

Weekend payout:

Credit check:
Soft
Age:
18
From 1479 Reviews
Interest Costs
Flexibility Terms
Website Functionality
Support Service