Low-interest personal loans for good credit
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How Does LendingTree Get Paid?
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
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Written by Amanda Push | Edited by Jessica Sain-Baird and Xiomara Martinez-White | Updated May 29, 2024
Best personal loans for good credit
How Does LendingTree Get Paid?
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
How Does LendingTree Get Paid?
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
| Lender | User ratings | Best for… | APR range | Loan terms | Loan amounts | Minimum credit score | |
|---|---|---|---|---|---|---|---|
(5,222) User Ratings & Reviews Ratings and reviews are from real consumers who have used the lending partner’s services. | Interest rate discounts | 8.99% - 35.99% | 24 to 60 months | $5,000 to $50,000 | 620 | See Personalized Results | |
(2,546) User Ratings & Reviews Ratings and reviews are from real consumers who have used the lending partner’s services. | Borrowers with high incomes | 8.99% - 35.99% | 36 to 60 months | $2,000 to $50,000 | 600 | See Personalized Results | |
(1,593) User Ratings & Reviews Ratings and reviews are from real consumers who have used the lending partner’s services. | Excellent customer service | 7.99% - 24.99% | 36 to 84 months | $2,500 to $40,000 | 720 | See Personalized Results | |
(1,952) User Ratings & Reviews Ratings and reviews are from real consumers who have used the lending partner’s services. | Smaller loan amounts | 7.99% - 35.99% | 24 to 72 months | $1,000 to $36,500 | 660 | See Personalized Results | |
(308) User Ratings & Reviews Ratings and reviews are from real consumers who have used the lending partner’s services. | Loan length flexibility | 6.99% - 25.49% (with discounts) | 24 to 84 months | $5,000 to $100,000 | Not specified | See Personalized Results | |
(14) User Ratings & Reviews Ratings and reviews are from real consumers who have used the lending partner’s services. | Loan amount flexibility | 8.99% - 17.99% | 12 to 60 months | $600 to $50,000 | 760 | See Personalized Results | |
(3,639) User Ratings & Reviews Ratings and reviews are from real consumers who have used the lending partner’s services. | Joint applications | 8.99% - 35.99% | 24 to 60 months | $2,000 to $50,000 | 560 | See Personalized Results | |
(14) User Ratings & Reviews Ratings and reviews are from real consumers who have used the lending partner’s services. | Refinancing debt | 5.99% - 35.99% | 24 to 60 months | $3,500 to $40,000 | Not specified | See Personalized Results | |
(97) User Ratings & Reviews Ratings and reviews are from real consumers who have used the lending partner’s services. | Same-day funding | 8.99% - 29.99% (with discounts) Pricing DisclosureFixed rates from 8.99% APR to 29.99% APR reflect the 0.25% autopay interest rate discount and a 0.25% direct deposit interest rate discount. SoFi rate ranges are current as of 02/06/2024 and are subject to change without notice. The average of SoFi Personal Loans funded in 2022 was around $30K. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed and will depend on the term you select, evaluation of your creditworthiness, income, and a variety of other factors. Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0%-7%, which will be deducted from any loan proceeds you receive. Autopay: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi. Direct Deposit Discount: To be eligible to potentially receive an additional (0.25%) interest rate reduction for setting up direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A. or eligible cash management account offered by SoFi Securities, LLC (“Direct Deposit Account”), you must have an open Direct Deposit Account within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled payroll direct deposits of at least $1,000/month to a Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion. This discount will be lost during periods in which SoFi determines you have turned off direct deposits to your Direct Deposit Account. You are not required to enroll in direct deposits to receive a Loan. | 24 to 84 months | $5,000 to $100,000 | 680 | See Personalized Results | |
(16,543) User Ratings & Reviews Ratings and reviews are from real consumers who have used the lending partner’s services. | Loan use flexibility | 7.80% - 35.99% | 36 and 60 months | $1,000 to $50,000 | 300 | See Personalized Results |
Read more about how we chose our picks for the best personal loans for good credit.
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Top lenders for good credit personal loans
Achieve: Best for interest rate discounts
| APR range | 8.99% - 35.99% |
| Loan amounts | $5,000 to $50,000 |
| Loan terms | 24 to 60 months |
| Origination fee | 1.99% - 6.99% |
| Minimum credit score | 620 |
| Pros | Cons |
|---|---|
Co-borrowers can apply Interest rate discounts available May get funds within 24 hours | Charges origination fees High minimum loan amount Can take three days to get loan |
Achieve offers possible interest rate discounts if you do any of the following: add a qualified co-borrower, show proof of “sufficient” retirement funds or allow Achieve to use at least 50% of the loan to pay off your qualifying existing debt directly (when consolidating debt). Keep in mind, it can take up to three days to get your loan funds and you’ll pay an origination fee ranging from 1.99% - 6.99%, which comes out of your borrowed amount. To learn more, read our full Achieve personal loan review.
Aside from having a credit score of 620 or higher, Achieve doesn’t provide many details on how to qualify for a personal loan. This lender will also consider other factors, including your credit history, income and debt-to-income ratio.
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Best Egg: Best for borrowers with high incomes
| APR range | 8.99% - 35.99% |
| Loan amounts | $2,000 to $50,000 |
| Loan terms | 36 to 60 months |
| Origination fee | 0.99% - 8.99% |
| Minimum credit score | 600 |
| Pros | Cons |
|---|---|
Offers direct payment to old lenders Offers secured and unsecured loans About half of customers are paid in one day | Charges an origination fee High income needed for lowest rates Funding can take up to three days |
Best Egg only offers its lowest rates to consumers who have a minimum income of $100,000 and a credit score of at least 700. And while you can get your money within one business day, it can also take up to three business days before you see your loan funds. Best Egg’s income requirements, however, may mean that those with lower income may not receive Best Egg’s lowest rates. You’ll also have to pay an origination fee that can get as high as 0.99% - 8.99%. To learn more, read our full Best Egg personal loan review.
To get a Best Egg personal loan, you’ll need a minimum credit score of 580, must be a U.S. citizen or permanent resident and have a personal checking account and physical address. You also can’t live in the following areas:
- Iowa
- Vermont
- West Virginia
- District of Columbia
- U.S. territories
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Discover: Best for excellent customer service
| APR range | 7.99% - 24.99% |
| Loan amounts | $2,500 to $40,000 |
| Loan terms | 36 to 84 months |
| Origination fee | No origination fee |
| Minimum credit score | 720 |
| Pros | Cons |
|---|---|
No fees upfront Long loan terms Low maximum APR | No option for co-applicant May charge $39 late fee Low maximum borrowing amount |
Discover offers multiple repayment assistance options that can help keep you on track if you hit a financial hardship. Plus, its customer service department is based in the U.S. This lender has also earned high markers from LendingTree users, according to reviews.
Unfortunately, if you want to qualify for lower rates, Discover doesn’t allow you to apply with a co-borrower. Plus, with a loan limit of $40,000, you may find larger amounts elsewhere. To learn more, read our full Discover personal loan review.
To qualify for a Discover personal loan, you’ll need to meet the following criteria:
- Minimum 720 credit score
- Minimum household annual income of $40,000
- Have a Social Security number
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LendingPoint: Best for smaller loan amounts
| APR range | 7.99% - 35.99% |
| Loan amounts | $1,000 to $36,500 |
| Loan terms | 24 to 72 months |
| Origination fee | Up to 10% |
| Minimum credit score | 660 |
| Pros | Cons |
|---|---|
Fast funding timeline Flexible repayment terms Low minimum borrowing limit | Charges origination fee No option to add co-applicant Low maximum borrowing limit |
Because LendingPoint has a maximum borrowing limit of $36,500, this lender may be best for consumers who are looking to make small- to mid-sized purchases. Once they’ve closed on their loan, LendingPoint borrowers may receive their money within one business day. However, if you take out a LendingPoint loan, you may have to budget for a one-time origination fee that’ll be taken out of the amount you borrow. You also won’t be able to apply with a co-borrower. To learn more, read our full LendingPoint personal loan review.
Here’s what you need to know about qualifying for a LendingPoint personal loan:
- 660 minimum credit score
- Minimum annual income of $40,000
- Can’t live in Nevada or West Virginia
- Have a Social Security number
- Have a personal bank account
- Provide a government-issued ID
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LightStream: Best for loan length flexibility
| APR range | 6.99% - 25.49% (with autopay) |
| Loan amounts | $5,000 to $100,000 |
| Loan terms | 24 to 84 months |
| Origination fee | No origination fee |
| Minimum credit score | Not specified |
| Pros | Cons |
|---|---|
Loan terms from 24 to 84 months Doesn’t charge any fees Same-day funding available | No option to prequalify High minimum loan amount Strict credit requirements |
With loan lengths ranging from 24 to 84 months, LightStream offers one of the longest borrowing terms on the market. Not only that, but customers can also borrow up to $100,000 and get funds the same day they apply — plus, they won’t have to worry about any fees. Keep in mind that a good credit score won’t automatically qualify you for a LightStream loan — you’ll also need a solid credit background and to meet other criteria. Unfortunately, LightStream won’t allow you to prequalify, so you’ll have to go through a hard credit pull to see what they may offer. To learn more, read our full LightStream personal loan review.
LightStream only considers applicants with good-to-excellent credit scores. This lender will also consider factors, like your debt-to-income ratio, assets, credit background and payment history.
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PenFed: Best for loan amount flexibility
| APR range | 8.99% - 17.99% |
| Loan amounts | $600 to $50,000 |
| Loan terms | 12 to 60 months |
| Origination fee | None |
| Minimum credit score | 760 |
| Pros | Cons |
|---|---|
No origination fees APR below 18% Anyone can become a member | Loans exclusive to members Must provide $5 deposit Unclear borrowing requirements |
While many lenders only offer personal loans as small as $1,000 to $2,000, PenFed Credit Union offers funds as small as $600 and as high as $50,000. This loan amount flexibility provides consumers with more options, and they won’t have to worry about origination fees, either. You won’t need to be a member to apply for a PenFed loan, but you will need to become one if you choose to follow through with the application. But while anyone can become a member, PenFed’s lending criteria for its personal loans is unclear. To learn more, read our full PenFed personal loan review.
Other than a 760 credit score and a required membership, PenFed doesn’t provide much clarity as to what it specifically looks for in a borrower. Still, as far as membership goes, anyone can become a member as long as they open a PenFed savings account with a $5 deposit.
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Prosper: Best for joint applications
| APR range | 8.99% - 35.99% |
| Loan amounts | $2,000 to $50,000 |
| Loan terms | 24 to 60 months |
| Origination fee | 1.00% - 9.99% |
| Minimum credit score | 560 |
| Pros | Cons |
|---|---|
Can get funds in one business day Option to add a co-borrower Option to change your due date | Charges an origination fee Funding can take up to three days No autopay discounts |
If you want to up your chances of getting approved or scoring a lower interest rate, Prosper allows you to add a co-borrower to your personal loan application. But it can take anywhere from one to three business days for Prosper to fund your personal loan, so you may not get your money quickly if that’s what you’re looking for in a lender. Be sure to also budget for a one-time origination fee — Prosper’s origination fee ranges from 1.00% - 9.99% of your borrowing amount. To learn more, read our full Prosper personal loan review.
Prosper dictates that you’ll need to meet the following requirements to access a personal loan:
- 560 minimum credit score
- Be a U.S. resident
- Not live in Iowa or West Virginia
- Have a Social Security number
- Have a U.S. bank account
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Reach: Best for refinancing debt
| APR range | 5.99% - 35.99% |
| Loan amounts | $3,500 to $40,000 |
| Loan terms | 24 to 60 months |
| Origination fee | 0.00% - 8.00% |
| Minimum credit score | Not specified |
| Pros | Cons |
|---|---|
Offers access to free credit score Funds available within 24 hours Competitive APRs | May charge an origination fee Can’t use a co-applicant Loan use limited to refinancing debt |
It’s important to know before you apply that Reach Financial personal loans can only be used for debt consolidation or refinancing credit cards. While this may not work for borrowers who need a personal loan for other purposes, consumers who are looking to refinance their debt may receive lower APRs than what they’re currently paying. Reach funds may be available within 24 hours of closing on your loan and you’ll also have the unique perk of getting free access to your credit score. To learn more, read our full Reach Financial personal loan review.
Reach Financial borrowers will need at least a $20,000 annual income. In addition, you can’t reside in the following states: Colorado, Connecticut, Maine, Mississippi, New Jersey, Nevada, Oregon, Rhode Island, Tennessee, Utah, Vermont, West Virginia or Wyoming.
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SoFi: Best for same-day funding
| APR range | 8.99% - 29.99% (with discounts) Pricing DisclosureFixed rates from 8.99% APR to 29.99% APR reflect the 0.25% autopay interest rate discount and a 0.25% direct deposit interest rate discount. SoFi rate ranges are current as of 02/06/2024 and are subject to change without notice. The average of SoFi Personal Loans funded in 2022 was around $30K. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed and will depend on the term you select, evaluation of your creditworthiness, income, and a variety of other factors. Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0%-7%, which will be deducted from any loan proceeds you receive. Autopay: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi. Direct Deposit Discount: To be eligible to potentially receive an additional (0.25%) interest rate reduction for setting up direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A. or eligible cash management account offered by SoFi Securities, LLC (“Direct Deposit Account”), you must have an open Direct Deposit Account within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled payroll direct deposits of at least $1,000/month to a Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion. This discount will be lost during periods in which SoFi determines you have turned off direct deposits to your Direct Deposit Account. You are not required to enroll in direct deposits to receive a Loan. |
| Loan amounts | $5,000 to $100,000 |
| Loan terms | 24 to 84 months |
| Origination fee | 0.00% - 7.00% (optional) |
| Minimum credit score | 680 |
| Pros | Cons |
|---|---|
Same-day funding available Origination fee not required Offers mobile app for loan management | No physical branches you can visit High minimum loan amount Lower rates may come with a fee |
While most lenders take at least a day to fund your loan, SoFi can supply your money the same day you sign your agreement. On top of that, you could get an APR discount for signing up for autopay.
If you want to qualify for lower rates, SoFi charges a 0.00% - 7.00% origination fee. However, this fee isn’t required and you can get a loan without one. To learn more, read our full SoFi personal loan review.
To qualify for a SoFi personal loan, you’ll need to check the following requirements:
- 680 minimum credit score
- Must be a a United States citizen, eligible permanent resident or nonpermanent resident
- Must be employed, have an employment offer to start in the next 90 days or another source of income
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Upstart: Best for lowest APRs
| APR range | 7.80% - 35.99% |
| Loan amounts | $1,000 to $50,000 |
| Loan terms | 36 and 60 months |
| Origination fee | 0.00% - 12.00% |
| Minimum credit score | 300 |
| Pros | Cons |
|---|---|
Minimum APR of just 7.80% May get funds in one business day Funds can be used for student debt | Origination fee up to 0.00% - 12.00% No option for co-applicant Terms limited to 36 and 60 months |
Upstart’s minimum APR of just 7.80% may prove an attractive option for good credit borrowers. On top of that, Upstart’s turnaround time is quick, funding your loan within just one business day of closing. A unique perk of Upstart is that, unlike many lenders, you can use your loan funds for student debt. However, your repayment terms are limited to just 36 and 60 months — plus, Upstart may charge you an origination fee as high as 0.00% - 12.00%. To learn more, read our full Upstart personal loan review.
Upstart requires that you meet the following criteria:
- 300 minimum credit score
- Must have a verifiable name and date of birth as well as a Social Security number
- Must have a full-time job, a full-time job offer to start in six months or another source of consistent income
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On this page
How to choose a personal loan for good credit
What are good credit personal loan rates?
Where to find a personal loan with good credit
Alternatives to personal loans for good credit
How we chose our picks for the best personal loans for good credit
Frequently asked questions
How to choose a personal loan for good credit
Good credit is generally defined as having a credit score of 670 to 739 with FICO or 700 to 749 with VantageScore. Any scores above that may be labeled as “very good” or “excellent.”
If you have a good credit score and are shopping for a personal loan, these are the factors you’ll need to consider when comparing lenders:
- APR: A loan’s annual percentage rate (APR) is the amount you’ll be charged for a personal loan — this includes interest rate and fees. The better your credit, the lower your APR will likely be. One of the most common personal loan fees you’ll come across is an origination fee, a one-time administrative fee that is typically taken out of your loan amount.
- Loan length: The length of your loan can influence both your monthly payments and APR. If you have a long-term loan, you’ll have smaller monthly payments but may pay more in interest. If the length of your loan is short, you’ll have higher monthly payments but your APR may be lower.
- Borrowing amount: The larger the amount you want to borrow is, the stricter the requirements may be. In particular, your lender may require an excellent credit score and high income.
- Requirements: Aside from your credit score, personal loan lenders also consider factors like your income, residency and debt-to-income ratio (DTI). Be sure to check with a potential lender if you meet their basic requirements before applying.
- Unique features: Some lenders may offer unique perks like interest rate discounts and free monthly credit scores. Another feature to look for are no-fee personal loans.
- Lender reputation: Be sure to research a lender before signing a loan agreement with them. In particular, be sure to check for regulatory action from the Federal Trade Commission (FTC) and Consumer Protection Bureau (CFPB). You can also check the CFPB complaint database.
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What are good credit personal loan rates?
If you have a good credit score, it’s likely that you’ll qualify for a lower APR. According to LendingTree’s personal loan statistics, the average APR for a person with a credit score between 660 to 679 is currently 32.06%. Here’s the following average personal loan APR based on credit score.
| Credit score | Average APR | Average borrowing amount |
|---|---|---|
| 720+ | 14.80% | $18,963 |
| 680-719 | 23.48% | $14,567 |
| 660-679 | 32.06% | $10,895 |
| 640-659 | 45.00% | $8,270 |
| 620-639 | 58.69% | $6,377 |
| 580-619 | 89.33% | $4,366 |
| 560-579 | 127.20% | $3,027 |
| Less than 560 | 165.66% | $2,530 |
Source: LendingTree user data on closed personal loans for the third quarter of 2023.
Where to find a personal loan with good credit
The most common places to find a personal loan with good credit are banks, credit unions and online lenders. Here’s what you need to know about applying for a personal loan with each type of lender:
- Banks: Banks tend to have lower APRs — but, often, they also come with strict requirements. However, if you’re already a customer of a bank that offers personal loans, you may have an easier time qualifying, especially if you have good credit.
- Credit unions: Credit union personal loans are legally capped at 18% APR, and they tend to have lower interest and little to no fees in general. However, credit unions typically require that you become a member before you can access a personal loan, and some lenders have narrow criteria as to who can qualify.
- Online lenders: Online loan lenders tend to have higher APRs than banks and credit unions; however, if you have a bad credit score, you may have an easier time getting a loan. Since online lenders do everything remotely, using this type of lender can also help streamline the process since you won’t have to visit a branch in person, unlike a bank or credit union.
Alternatives to personal loans for good credit
Even if you have good credit, a personal loan may not be the best fit for your particular financial position. If this is the case for you, consider these alternatives to getting a personal loan.
- Credit cards: If you have good credit, you may qualify for a credit card. This type of debt is unsecured and will likely come with variable interest rates, meaning how much you pay each month could change. A good credit score may also offer access to a 0% intro APR credit card, which comes with no interest or fees for a set promotional period.
- Personal line of credit: This type of debt isn’t common and you’ll likely have to go through a financial institute you already have a relationship with. A personal line of credit works like a credit card, though it also comes with withdrawal and repayment periods.
- Home equity loan: If you own a house, you may be able to access a home equity loan. This works similarly to a personal loan, except you’re borrowing against the equity you’ve built up in your home over time, with your house serving as collateral for the loan.
- HELOC: Another way you can take advantage of equity you’ve built up in your home is to take out a home equity line of credit (HELOC). While your home will still work as collateral, unlike a home equity loan, you’ll have variable interest rates and instead of receiving a lump sum, you’ll be able to borrow against a predetermined amount.
How we chose our picks for the best personal loans for good credit
We reviewed more than 25 lenders that offer personal loans to determine the overall 10 best personal loans for good credit. To make our list, lenders must offer competitive annual percentage rates (APRs). From there, we prioritize lenders based on the following factors:
- Accessibility: Lenders are ranked higher if their personal loans are available to more people and require fewer conditions. This may include lower credit requirements, wider geographic availability, faster funding and easier and more transparent prequalification and application processes.
- Rates and terms: We prioritize lenders with more competitive fixed rates, fewer fees and greater options for repayment terms, loan amounts and APR discounts.
- Repayment experience: For starters, we consider each lender’s reputation and business practices. We also favor lenders that report to all major credit bureaus, offer reliable customer service and provide any unique perks to customers, like free wealth coaching.
LendingTree reviews and fact-checks our top lender picks on a monthly basis.
Frequently asked questions
A good credit score is considered to be a FICO Score of 670 and above and a minimum of 700 with VantageScore. A good credit score can help you qualify with more lenders and access better features. If your credit score is less than ideal, you may instead need to consider lenders than offer bad credit loans.
How much you can borrow with a personal loan will depend on the lender, your credit score, your credit history, your income and how much debt you have. The more solid your credit is and the higher your income, the more you’ll likely be able to borrow. To estimate how much debt you can afford to take on, you can use a personal loan calculator to determine your potential monthly payments.
You can check your credit score using LendingTree Spring or you can check with your current bank or credit union as well as with the three credit bureaus. Keep in mind that some companies may charge you, but others offer this as a free service.
Personal loans can negatively affect your credit score when you initially take one out (since your lender will run a hard credit pull on you), but this will nly cause your FICO Score to drop by up to five points. However, if you have late payments or default on a loan, this can have a much more devastating impact on your credit.
You can improve your credit score in a variety of ways but the most influential factors are going to be making on-time payments and lowering your credit utilization rate. This is how much revolving credit you’re using versus how much you have available.
