Personal loans can help with unexpected expenses and debt consolidation. What makes one personal loan better than another? Everyone shops around for the best deal. We’ll help you find the best unsecured personal loan in this guide.


Peer-to-peer lender LendingClub. Lenders can lend you money. Lenders post loans, and borrowers search by interest rate and other criteria. LendingClub is popular for personal and business loans due to its low fees and transparency. However, your credit score will affect your loan rate and eligibility (and how much). LendingClub may suit good credit borrowers.


High-credit people should consider an upstart. Upstart’s loans average 651, higher than the national average. Upstart may appeal to those seeking funding. 36 states offer $2,000–$50,000 loans, including California and Texas. Upstart’s student loan refinance product is appealing because it offers low-interest rates and flexible repayment terms while helping borrowers build credit.

Sumo Credit Pte Ltd

Singapore-licensed moneylender Sumo Credit Pte Ltd offers personal loans and other financial services. describes their loan types, application process, and borrower requirements. Borrowers can easily navigate Sumo Credit’s website. The website has a loan calculator to estimate monthly payments and interest rates. Sumo Credit offers personal, payday, foreigner, and business loans. They offer flexible repayment plans and competitive interest rates. Sumo Credit’s website is simple and informative for Singaporeans seeking financial aid. However, loans are a serious financial commitment, so borrowers should carefully consider their ability to repay them before applying.


The upgrade provides personal loans through peer-to-peer lending. An upgrade is not a bank, so your loan may not be FDIC-insured (though this will depend entirely on the lender who offers you the loan). Upgrade offers three-to-five-year unsecured personal loans with 7.35 percent APR. If you don’t have good credit or income verification, an upgrade lets you borrow $5,000 to $100,000. Consider how long you want to be in debt and how much you need when choosing a personal loan. If there are no repayment requirements other than monthly payments, consider alternative loans with better terms than banks or credit unions.

Prosper Marketplace

If you don’t need the money quickly, Prosper Marketplace may be best. It’s like Lending Club but has some distinct differences. Prosper has no annual fee and lower interest rates than other peer-to-peer lenders. If your FICO score is between 600 and 700, Prosper Marketplace should approve you for a loan if you need fast cash (though there are some requirements).

Marcus by Goldman Sachs

Marcus is a good choice for fast loans with good credit. Marcus has competitive rates but is not the cheapest. Marcus may be a good option if your credit score is over 700 and you need $5,000–100,000. Marcus offers unsecured personal loans with fixed rates from 5% to 29% APR (the higher the amount borrowed, the higher your interest rate will be). This lender can approve this loan in under 60 seconds without affecting your credit score, even if it’s damaged!

Our top pick is LendingClub.

LendingClub is best for fast loans with good credit. Try LightStream or Earnest if your credit is bad. Personal loans can help you pay off debt faster than installment loans. Personal loans can even eliminate credit card debt.


If you need a quick loan with reasonable rates, then LendingClub is your best bet. If you want to pay off your debt and get out of it faster than an installment loan, then a personal loan is probably the better option.