Best Personal Loans in 2024

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Choosing the best personal loan is a highly subjective process because it depends on your financial goals and situation. In general, the best personal loans feature competitive rates, provide a loan amount that aligns with your financial objectives and come with manageable repayment terms. The best personal loan providers also minimize unnecessary fees and offer flexible credit score requirements.

A good personal loan can help you achieve a wide range of financial goals, from paying off debt to funding home improvements. However, the rates and terms that you’ll receive vary from lender to lender, so it’s important to compare multiple offers before deciding on one. To help you find the best personal loan for your needs, we’ve compiled this list of the top lenders offering the most competitive starting rates in 2024.

Finding the Perfect Fit: How to Choose the Best Personal Loan

Why it stands out: Upstart uses a unique underwriting process to determine whether to approve or reject applicants, and it takes more than just credit scores into account. It also considers employment and education information, so it can be a good option for borrowers with less-than-perfect credit. Plus, if you have a Wells Fargo checking or savings account, you may qualify for a loyalty rate discount on your loan.

This lender markets its Payoff Loan personal loans as a way to help people get out of credit card debt. Its minimum credit score requirement is 640, and its loan amounts can be up to $40,000 with flexible payment periods. The company charges no origination fee, and it can often deposit funds within three to five business days of approval.