Updated March 2026·CompareBankLoans Editorial Team·Fact checked

Find the Best Personal Loan Rates

Compare lender profiles from top online lenders and banks, then review the costs and fit factors that matter most.

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The quiz is the main action on this page. The lender cards below are representative sample previews, not personalized matches.

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6.94%

Lowest rate available

$1K–$100K

Typical loan amounts

1–3 days

Average funding time

PersonalHome EquityAutoDebt ConsolidationSmall Business

Representative lender preview

Sample lenders for a good-credit borrower

These are example matches to show how lender cards work before personalization. Start the quiz to see results shaped to your amount, credit, and borrowing goal.

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Sample lender cards

3 representative offers shown before quiz personalization

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Representative sample borrower: good credit, mid-range loan amount, standard-purpose request. Use the quiz for your own amount, credit, and intent.

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Best Match
L

LightStream

4.9/5

APR

7.49%

Est. mo. payment

$297

Loan range

$5K–$100K

Total fees

$0

Get My Rate on LightStream
Terms vary by lenderSame day funding
U

Upstart

4.6/5

APR

7.80%

Est. mo. payment

$331

Loan range

$1K–$50K

Total fees

$720

Get My Rate on Upstart
Terms vary by lenderNext-day funding
DP

Discover Personal Loans

4.7/5

APR

7.99%

Est. mo. payment

$295

Loan range

$3K–$40K

Total fees

$0

Get My Rate on Discover
Terms vary by lender2 days funding
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The cards above are representative only.

Start the quiz to compare lenders using your actual borrowing amount, credit profile, and loan purpose.

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How to evaluate personal loan rates

Personal loans are one of the most flexible borrowing tools available. Because they're unsecured — meaning you don't need to put up collateral — lenders rely on your credit score, income, and debt-to-income ratio to set your rate. APRs typically range from under 7% for borrowers with excellent credit to around 36% for those rebuilding their credit history. The key to getting a great deal is shopping multiple lenders, since rates vary significantly even for the same credit profile. CompareBankLoans lets you see real, pre-qualified offers from multiple lenders with a single soft inquiry so you can pick the best terms before you formally apply.

Use these comparison lenses to move beyond headline APRs and pick the product that fits.

Annual percentage rate (APR)

APR includes both the interest rate and any origination fee rolled in, giving you a true cost of borrowing. Always compare APRs — not just advertised rates — when evaluating lenders.

Loan term

Terms typically run 2–7 years. Shorter terms mean higher monthly payments but far less interest paid overall. Longer terms reduce your payment but increase the total cost of the loan.

Origination fees

Some lenders charge 1–8% of the loan amount upfront. Others charge nothing. A no-fee lender with a slightly higher rate can still be cheaper overall than one with a large origination fee.

Prepayment flexibility

Most personal loan lenders no longer charge prepayment penalties, but confirm before you sign. If you plan to pay off early, choosing a lender that allows it saves you meaningful interest.

Pros

  • No collateral required — your home or car isn't at risk
  • Fixed monthly payment makes budgeting predictable
  • Can be used for almost any purpose: debt payoff, home repairs, medical bills, travel
  • Checking your rate requires only a soft credit pull
  • Funds deposited as fast as the next business day with many online lenders

Tradeoffs

  • Borrowers with fair or poor credit may see APRs of 20–36%
  • Origination fees can add hundreds of dollars to the total cost
  • Approval depends heavily on credit score and debt-to-income ratio
  • Loan amounts may be capped at lower levels for newer borrowers

Frequently Asked Questions

What credit score do I need for a personal loan?
Most lenders prefer a score of 670 or higher for their best rates. However, many lenders work with scores as low as 580–620. If your score is below 580, consider a credit-builder loan or secured card first, then revisit a personal loan in 6–12 months.
Will applying for a personal loan hurt my credit score?
Checking your rate on CompareBankLoans uses a soft inquiry, which has no impact on your score. Only when you formally apply with a chosen lender will a hard inquiry appear — typically a drop of 2–5 points that recovers within a few months.
How much can I borrow with a personal loan?
Most lenders offer between $1,000 and $50,000, with some extending to $100,000 for well-qualified borrowers. The amount you qualify for depends on your income, existing debt obligations, and credit profile.
How long does it take to get funds?
Online lenders often fund within 1–3 business days after approval. Traditional banks and credit unions may take 5–7 business days. Same-day funding is available at some online lenders for applications approved before their daily cutoff.
Can I use a personal loan to consolidate credit card debt?
Yes — and this is one of the most common uses. If you carry high-interest credit card balances, a personal loan at a lower APR reduces your monthly interest cost and gives you a fixed payoff timeline, which many borrowers find easier to manage.
What's the difference between a secured and unsecured personal loan?
An unsecured personal loan requires no collateral — most personal loans fall in this category. A secured personal loan requires an asset (such as a savings account or vehicle) as collateral, which typically unlocks lower rates but puts that asset at risk if you default.