Top 10 best personal loan providers | Required documents, interest rates, payback time

  1. SoFi - Best Overall Personal Loan

    • Positive things:
      • No fees
      • High loan amounts
      • Unemployment protection
    • Negative things:
      • High credit score requirement
      • No co-signers allowed
    • Required documents:
      • Proof of income
      • Proof of citizenship or permanent residency
      • Government-issued ID
    • Interest rates: 5.99% to 20.69%
    • Payback time: 2 to 7 years

  2. LightStream - Best for Low-Interest Rates

    • Positive things:
      • No fees
      • Low-interest rates
      • Fast funding
    • Negative things:
      • High credit score requirement
      • No prequalification option
    • Required documents:
      • Proof of income
      • Proof of citizenship or permanent residency
      • Government-issued ID
    • Interest rates: 2.49% to 19.99%
    • Payback time: 2 to 12 years

  3. LendingPoint – Best for Fast Funding & Below-Average Credit

    • Positive things:
      • Fast funding
      • Below-average credit accepted
      • Co-signers allowed
    • Negative things:
      • High origination fee (up to 6%)
      • High-interest rates for low credit scores (up to 35.99%)
    • Required documents:
      • Proof of income
      • Proof of citizenship or permanent residency
      • Government-issued ID
    • Interest rates: 9.99% to 35.99%
    • Payback time: 2 to 4 years

  1. Marcus by Goldman Sachs – Best for Debt Consolidation Loans

    • Positive things:
      • No fees
      • High loan amounts
      • No prepayment penalty
    • Negative things:
      • No co-signers allowed
      • No joint applications allowed
    • Required documents:
      • Proof of income
      • Proof of citizenship or permanent residency
      • Government-issued ID
    • Interest rates: 6.99% to 19.99%
    • Payback time: 3 to 6 years

  2. Discover – Best for Flexible Repayment Options

    • Positive things:
      • No fees
      • Flexible repayment options
      • Fast funding
    • Negative things:
      • High credit score requirement
      • No co-signers allowed
    • Required documents:
      • Proof of income
      • Proof of citizenship or permanent residency
      • Government-issued ID
    • Interest rates: 6.99% to 24.99%
    • Payback time: 3 to 7 years

  1. Upstart – Best for Fair Credit Scores

    • Positive things:
      • Fast funding
      • Below-average credit accepted
      • Co-signers allowed
    • Negative things:
      • High origination fee (up to 8%)
      • High-interest rates for low credit scores (up to 35.99%)
    • Required documents:
      • Proof of income
      • Proof of citizenship or permanent residency
      • Government-issued ID
    • Interest rates: 6.18% to 35.99%
    • Payback time: 3 to 5 years

  2. Upgrade – Best for Credit Health Tools

    • Positive things:
      • No prepayment penalty
      • Credit health tools
      • Fast funding
    • Negative things:
      • High origination fee (up to 8%)
      • No co-signers allowed
    • Required documents:
      • Proof of income
      • Proof of citizenship or permanent residency
      • Government-issued ID
    • Interest rates: 5.94% to 35.97%
    • Payback time: 3 to 5 years

  1. Avant – Best for Bad Credit

    • Positive things:
      • Fast funding
      • Below-average credit accepted
      • Co-signers allowed
    • Negative things:
      • High origination fee (up to 4.75%)
      • High-interest rates for low credit scores (up to 35.99%)
    • Required documents:
      • Proof of income
      • Proof of citizenship or permanent residency
      • Government-issued ID
    • Interest rates: 9.95% to 35.99%
    • Payback time: 2 to 5 years

  2. OneMain Financial – Best for Secured Loans

    • Positive things:
      • Secured loans available
      • Co-signers allowed
      • Fast funding
    • Negative things:
      • High-interest rates (up to 35.99%)
      • High origination fee (up to 10%)
    • Required documents:
      • Proof of income
      • Proof of citizenship or permanent residency
      • Government-issued ID
    • Interest rates: 18.00% to 35.99%
    • Payback time: 2 to 5 years
  1. Rocket Loans – Best for Fast Funding
    • Positive things:
      • Fast funding
      • Co-signers allowed
      • No prepayment penalty
    • Negative things:
      • High-interest rates (up to 35.99%)
      • High origination fee (up to 6%)
    • Required documents:
      • Proof of income
      • Proof of citizenship or permanent residency
      • Government-issued ID
    • Interest rates: 7.16% to 35.99%
    • Payback time: 3 to 5 years

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