Other loan features, including no fees, rate discounts and mobile apps may set some personal loan lenders apart. We always recommend you compare personal loans from multiple lenders before making a choice.
Top 5 US Best Personal Loan Lenders of 2024
1. SoFi Personal Loan
- Loan amount. $5K-$100K
- Key Facts: SoFi is a strong option for good-credit consumers and offers low rates, no fees and flexible payments.
- Qualifications:
- Must legally be an adult in your state.
- Must be a U.S. citizen, permanent resident or non-permanent resident with valid documentation.
- Must be employed, have sufficient income or have an offer of employment to start within 90 days.
2. LightStream
- Loan amount: $5K-$100
- Key Facts: LightStream targets strong-credit borrowers for loans with no fees and low rates that vary based on loan purpose.
- Qualifications:
- Minimum credit score: 660, but can vary depending on the loan purpose and amount.
- Maximum debt-to-income ratio: 50%.
- Minimum credit history: 3 years.
- Income sources accepted: Employment, retirement, rental income, alimony, child support, Social Security payments and disability benefits.
- Must be a U.S. citizen or permanent resident who is at least 18 years old and has a U.S. bank account.
3. Happy Money
- Loan amount: $5K-$40K
- Key Facts: Happy Money offers loans plus ongoing support to help good-credit borrowers consolidate credit card debt.
- Qualifications:
- Must be a U.S. citizen or permanent resident.
- Must have a valid Social Security number.
- Minimum credit score: 640.
- Minimum credit history: 6 years and 2 accounts.
- Maximum debt-to-income ratio: 55%.
- No bankruptcies filed in past two years.
4. Upstart
- Loan amount: $1K-$50K
- Key Facts: Upstart is a good option for those who have short credit histories and promising financial futures.
- Qualifications:
- Must be a U.S. citizen or permanent resident living in the U.S.
- Must be at least 18 years old in most states.
- Must have a valid email address and Social Security number.
- Must have a full- or part-time job, a full-time job offer starting within six months or another source of regular income.
5. Upgrade
- Loan amount: $1K-$50K
- Key Facts: Upgrade offers personal loans plus credit-building tools; you’ll need strong cash flow to qualify.
- Qualifications:
- Minimum credit score: 580.
- Minimum number of accounts on credit history: One account.
- Maximum debt-to-income ratio: 75%, including mortgage payments.
- Minimum length of credit history: Two years.
- Minimum income requirement: None. Lender accepts income from alimony, retirement, child support, Social Security, disability benefits and other sources.