Average Personal Loan Interest Rates for February 2023

[ad_1]

Credible Rating

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

7.99% – 29.99% APR $7,500 to $50,000

Fixed APR:

7.99% – 29.99% APR
Min. credit score:
Does not disclose
Loan amount:
$10,000 to $50,000
Loan terms (years):
2, 3, 4, 5
Time to fund:
If approved, funds sent within 24-72 hours†
Fees:
Origination fee
Discounts:
No
Eligibility:
Available in all states except CO, CT, HI, KS, NH, NY, ND, OR, VT, WV, WI, and WY
Customer service:
Phone
Soft credit check:
Yes
Min. Income:
None
Loan Uses:
Debt consolidation, home improvement, wedding, travel, medical expenses, and other purposes

Credible Rating

9.95% – 35.99% APR $2,000 to $35,000^**

Fixed APR:

9.95% – 35.99% APR
Variable APR:
N/A
Min. credit score:
550
Loan amount:
$2,000 to $35,000**
Loan terms (years):
2, 3, 4, 5*
Time to fund:
As soon as the next business day (if approved by 4:30 p.m. CT on a weekday)
Fees:
Origination fee
Discounts:
Autopay
Eligibility:
Available in all states except CO, IA, HI, VT, NV NY, WV
Customer service:
Phone, email
Soft credit check:
Yes
Loan servicer:
Avant
Loan Uses:
Debt consolidation, emergency expense, life event, home improvement, and other purposes
Min. Income:
$1,200 monthly

Credible Rating

7.99% – 15.19% APR $10,000 to $50,000

Fixed APR:

7.99% – 15.19% APR
Variable APR:
N/A
Min. credit score:
700
Loan amount:
$10,000 to $50,000
Loan terms (years):
3 to 6
Time to fund:
Next business day
Fees:
No prepayment penalty
Discounts:
None
Eligibility:
Available in all 50 states
Customer service:
Phone
Soft credit check:
Yes
Min. Income:
Does not disclose
Loan Uses:
Debt consolidation, home improvement, self-employment, and other purposes

Credible Rating

8.99% – 35.99% APR $5,000 to $50,000

Fixed APR:

8.99% – 35.99% APR
Variable APR:
N/A
Min. credit score:
600
Loan amount:
$2,000 to $50,000
Loan terms (years):
2, 3, 4, 5
Time to fund:
As soon as 1 to 3 business days after successful verification
Fees:
Origination fee
Discounts:
None
Eligibility:
Available in all states except DC, IA, VT, and WV
Customer service:
Phone
Soft credit check:
Yes
Loan servicer:
Best Egg and Blue Ridge Bank
Min. Income:
None
Loan Uses:
Credit card refinancing, debt consolidation, home improvement, and other purposes

Credible Rating

6.99% – 24.99% APR $2,500 to $35,000

Fixed APR:

6.99% – 24.99% APR
Min. credit score:
660
Loan amount:
$2,500 to $35,000
Loan terms (years):
3, 4, 5, 6, 7
Time to fund:
As soon as the next business day after acceptance
Fees:
Late fee
Discounts:
None
Eligibility:
Available in all 50 states
Customer service:
Phone
Soft credit check:
Yes
Loan Uses:
Auto repair, credit card refinancing, debt consolidation, home remodel or repair, major purchase, medical expenses, taxes, vacation, and wedding

Credible Rating

10.5% – 29.99% APR $5,000 to $40,000

Fixed APR:

10.5% – 29.99% APR
Min. credit score:
600
Loan amount:
$5,000 to $40,000
Loan terms (years):
2, 3, 4, 5
Time to fund:
As soon as 2 to 5 business days after verification
Fees:
Origination fee
Discounts:
None
Eligibility:
Available in all states except MA and NV
Customer service:
Phone, email, chat
Soft credit check:
Yes
Min. Income:
None
Loan Uses:
Debt consolidation and credit card consolidation only

Credible Rating

8.3% – 35.89% APR $1,000 to $40,000

Fixed APR:

8.3% – 35.89% APR
Min. credit score:
600
Loan amount:
$1,000 to $40,000
Loan terms (years):
3, 5
Time to fund:
Usually takes about 2 days^†
Fees:
Origination fee
Discounts:
None
Eligibility:
Available in all 50 states
Customer service:
Phone, email
Soft credit check:
Yes
Loan servicer:
LendingClub Bank
Min. Income:
None
Loan Uses:
Debt consolidation, paying off credit cards, home improvement, pool loans, vacations, and other purposes

Credible Rating

7.99% – 35.99% APR $2,000 to $36,500

Fixed APR:

7.99% – 35.99% APR
Min. credit score:
580
Loan amount:
$2,000 to $36,500
Loan terms (years):
2, 3, 4, 5, 6
Time to fund:
As soon as the next business day
Fees:
Origination fee
Discounts:
Autopay
Eligibility:
Available in all states except NV and WV
Customer service:
Phone, email
Soft credit check:
Yes
Min. Income:
$20,000
Loan Uses:
Home improvement, consolidate debt, credit card refinancing, relocate, make a large purchase, and other purposes

Credible Rating

5.99% – 23.99% APR $5,000 to $100,000

Fixed APR:

5.99% – 23.99% APR
Min. credit score:
660
Loan amount:
$5,000 to $100,000
Loan terms (years):
2, 3, 4, 5, 6, 7*
Time to fund:
As soon as the same business day
Fees:
None
Discounts:
Autopay
Eligibility:
Available in all states except RI and VT
Customer service:
Phone, email
Soft credit check:
No
Loan servicer:
LightStream
Min. Income:
Does not disclose
Loan Uses:
Credit card refinancing, debt consolidation, home improvement, and other purposes

Credible Rating

18.0% – 35.99% APR $1,500 to $20,000

Fixed APR:

18.0% – 35.99% APR
Min. credit score:
None
Loan amount:
$1,500 to $20,000
Loan terms (years):
2, 3, 4, 5
Time to fund:
As soon as 1 to 2 business days after approval
Fees:
Origination fee
Discounts:
None
Eligibility:
Must have photo I.D. issued by U.S. federal, state or local government
Customer service:
Phone, email
Soft credit check:
Yes
Min. Income:
Does not disclose

Credible Rating

7.74% – 17.99% APR $600 to $50,000
(depending on loan term)

Fixed APR:

7.74% – 17.99% APR
Min. credit score:
660
Loan amount:
$600 to $50,000*
Loan terms (years):
1, 2, 3, 4, 5
Time to fund:
2 to 4 business days after verification
Fees:
None
Discounts:
None
Eligibility:
Does not disclose
Customer service:
Phone, email
Soft credit check:
No
Min. Income:
Does not disclose
Loan Uses:
Debt consolidation, home improvement, transportation, medical, dental, life events

Credible Rating

6.99% – 35.99% APR $2,000 to $50,000

Fixed APR:

6.99% – 35.99% APR
Min. credit score:
640
Loan amount:
$2,000 to $50,000
Loan terms (years):
2, 3, 4, 5
Time to fund:
As soon as one business day
Fees:
Origination fee
Discounts:
None
Eligibility:
Available in all states except IA, ND, WV
Customer service:
Phone, email
Soft credit check:
Yes
Min. Income:
None
Loan Uses:
Debt consolidation, home improvement, vehicles, small business, new baby expenses, and other purposes

Credible Rating

5.99% – 35.99% APR $3,500 to $40,000

Fixed APR:

5.99% – 35.99% APR
Min. credit score:
600
Loan amount:
$3,500 to $40,000
Loan terms (years):
2, 3, 4, 5
Time to fund:
90% funded within a day¹³
Fees:
Origination Fee, $15 Late Fee, $25 NSF Fee
Discounts:
None
Eligibility:
Available in all states except CO, CT, ME, NV, NH, TN, VT, WV, WY, and all U.S. Territories
Customer service:
Phone, email
Soft credit check:
Yes
Loan servicer:
Reach Financial
Min. Income:
$1,000 monthly
Loan Uses:
Debt consolidation, credit card refinancing

Credible Rating

7.99% – 23.43% APR¹⁰
$5,000 to $100,000

Fixed APR:

7.99% – 23.43% APR¹⁰
Min. credit score:
Does not disclose
Loan amount:
$5,000 to $100,000
Loan terms (years):
2, 3, 4, 5, 6, 7
Time to fund:
3 business days
Fees:
None
Discounts:
Autopay
Eligibility:
Available in all states except MS
Customer service:
Phone, email
Soft credit check:
Yes
Min. Income:
Does not disclose
Loan Uses:
Solely for personal, family, or household uses

Credible Rating

7.9%
–
29.99% $2,000 to $25,000

Fixed APR:

7.9%
–
29.99%

7.9%
–
29.99%
Min. credit score:
660
Loan amount:
$2,000 to $25,000
Loan terms (years):
Does not disclose
Time to fund:
1 to 3 business days
Fees:
Annual fees range from $0-$300
Discounts:
APR discount available for Tally+ membership
Eligibility:
Available in all states except NV, VT, and WV
Customer service:
Phone, email
Soft credit check:
Yes
Loan servicer:
Tally
Min. Income:
Does not disclose
Loan Uses:
Personal line of credit, debt consolidation

Credible Rating

11.69% – 35.93% APR⁷
$1,000 to $20,000

Fixed APR:

11.69% – 35.93% APR⁷
Min. credit score:
560
Loan amount:
$1,000 to $50,000
Loan terms:
3 to 5 years ⁸
Time to fund:
Within one day, once approved⁹
Loan types:
Debt consolidation, pay off credit cards, home improvements, unexpected expenses, home and auto repairs, weddings, and other major purchases
Fees:
Origination fee
Discounts:
Autopay
Eligibility:
A U.S. citizen or permanent resident; not available in DC, SC, WV
Customer service:
Phone, email
Soft credit check:
Yes

Credible Rating

8.24% – 35.97% APR $1,000 to $50,000

Fixed APR:

8.24% – 35.97% APR
Min. credit score:
560
Loan amount:
$1,000 to $50,000*
Loan terms (years):
2 to 7
Time to fund:
Within a day of clearing necessary verifications
Fees:
Origination fee
Discounts:
Autopay
Eligibility:
Available in all states except West Virginia
Customer service:
Email
Soft credit check:
Yes
Min. Income:
Does not disclose
Loan Uses:
Debt consolidation, credit card refinancing, home improvement, and other purposes

Credible Rating

5.4% – 35.99% APR⁴
$1,000 to $50,000⁵

Fixed APR:

5.4% – 35.99% APR⁴
Min. credit score:
580
Loan amount:
$1,000 to $50,000⁵
Loan terms (years):
3 to 5 years⁴
Time to fund:
As fast as 1 business day⁶
Fees:
Origination fee
Discounts:
None
Eligibility:
Available in all 50 states
Customer service:
Phone, email
Soft credit check:
Yes
Min. Income:
$12,000
Loan Uses:
Payoff credit cards, consolidate debt, take a course or bootcamp, relocate, make a large purchase, and other purposes

Compare rates from these lenders without affecting your credit score. 100% free!Compare Now
All APRs reflect autopay and loyalty discounts where available | LightStream disclosure | ¹⁰SoFi Disclosures | Read more about Rates and Terms

[ad_2]