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

4. 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

5. 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

6. 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

7. 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

8. 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

9. 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

10. 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