Comparison of 8 Personal Loans

When looking for a personal loan, compare multiple lenders to evaluate interest rates, fees, terms, and more. As you compare lenders, you’ll want to consider what the total cost of the loan will be. From local and national banks, credit unions, online lenders, and more, you have many options.

Here are 8 personal loan providers to consider while shopping for your loan:

Lending Tree

Lending Tree is a well-known online service that provides a comparison of many loan products including ones from many of the lenders on our list. Using their online form, you can receive loan offers from up to 5 lenders. Get offers up to $50,000 and even have cash as early as 24 hours. It’s a great place to start as when you apply, as your credit is checked but only at a level that does not adversely affect it. is also a free referral service with a large lender network. You can apply online for loans up to $35,000 and find offers of many types of loans. They will match you with some potential lenders with a quick turnaround. 

Citizen Bank

You may be familiar with Citizen Bank for traditional checking and savings accounts but consider them for a personal loan as well. You can apply at one of the nationwide banks or online. If you have great credit, this lender offers many loan options at competitive fixed rates. You can borrow up to $50,000 and can choose the loan term of 3 to 7 years. They indicate they do not charge fees and you are able to apply with a cosigner as well.


If you need to borrow a substantial amount, Sofi might be the lender for you. Borrow up to $100,000 at a fixed or variable rate. Sofi does not have a required credit score but you’ll have to meet their income requirement. Interest rates vary but will be reduced if you enroll in automatic payments. 


Under the longstanding SunTrust bank, Lightstream is an online lender that offers competitive rates. They are a lender which advertises they provide loans for anything. Terms and rates vary and they do advertise that their loans have no fees. They have a detailed submission form to enter in the loan purpose, an amount (up to $100,000), term, and payment method. 


Earnest makes our list as they offer loan products up to $75,000 that doesn’t entirely depend on income or credit. Their underwriting allows for special circumstances and considers things like your savings patterns, investments, and career trajectory to approve loans. This is a lender to think about if you think your financial situation needs special consideration.


Upstart may be one of the easiest personal loans to qualify for. They offer loans up to $50,000 with a very low-income requirement of $12,000 annually and a low credit score minimum.


Marcus Personal Loans is a subsidiary of Goldman Sachs bank, one of the biggest and oldest in America. These loans are for those with a very good credit of above 660. Submit an initial online form and you’ll be pre-approved for an amount up to $40,000 and provided an offered interest rate. Only if you are interested in their offer, do you formally apply. This is unique as you choose the amount of the loan and the monthly payment. They don’t charge fees including late fees (you only pay the interest on the days you are late).  

When considering a personal loan, it is wise to shop around. Educate yourself so you know exactly what you are getting for interest rate, terms, and fees. Whether you consider a lender from our list or an alternative, read up on the lender’s history, online reviews, and their status with the Better Business Bureau and the Consumer Financial Protection. That way, you’ll know you are getting the best loan for your needs.