In Investopedia’s scoring model, LightStream fared well in the most important areas. Advertised APRs are among the lowest, and it charges no fees for origination, late payments, or anything else. The maximum loan amount of $100,000 is among the highest, and its 240-month maximum﷽ repayment term is the longest in our data. If you choose🥀 autopay when you apply, you can cut your APR by 0.50%. If you find a better rate on an unsecured loan from another lender, LightStream will beat it by 0.10%.

LightStream can fund your loan the same day if you 澳洲幸运5官方开奖结果体彩网:submit your application and supporting documents by 2:30 p.m. ET. You can also delay funding up to 90 days, which is helpful if you don’t pl𝔍an to spend the money soon and would rather not pay interest on 𒅌it until you do. 

LightStream is not without downsides. It doesn’t offer pre-qualification, so you’ll need to complete a loan application to learn th🃏e rates and terms you qualify for. The minimum loan amount of $5,000 may be too high for some borrowers. Finally, LightStream’s customer service options are limited to telephone support.

LightStream is the online-lending arm of Truist Bank, which was formed by a💧 merger between BB&T and SunTrust Bank in 2019. Truist🧸 is headquartered in Charlotte, N.C. 

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In years past SoFi, a former Best Overall winner in Investopedia’s ranking, touted its absolute lack of fees: no origination, 澳洲幸运5官方开奖结果体彩网:prepayment, or late payment fees. Times have changed, and now SoFi has borrowers pay an origination fee of up to 7%. This change and a boost to the maximum APR are why SoFi dropp🃏ed slightly in Investopedia’s rating system.

The other things that make SoFi🔜 stand out remain: its reputation for customer service and its range of member benefits 💧and perks.

It ranked fourth in J.D. Power’s 2024 U.S. Consumer Lending Satisfaction Study. Sofi also received an cnjem.combined Consumer Review rating of 4.4 (out of 5 possible), a calculated aggregate of consumer review ratings on Trustpilot and the Bet🌄ter Business Bureau developed by Investopedia’s researchers.

SoFi has a high loan minimum of $5,000, so if you need a smaller loan, look elsewhere. To get the best rates, you’ll need a checking account with SoFi to qualify for the direct deposit discount of 0.25% (you can also shave 0.25% off by opting for autopay with or without 🐎an account at SoFi). 

SoFi, based in San Francisco, was founded in 2011 as a fintech specializing in student loan refinancing. Today, it is officially a bank with the usual range of banking and financial p💯roducts, including🍌 checking and savings accounts, home loans, investment accounts, insurance, and more.

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Fixed rates from 8.99% APR to 35.49% APR. APR reflects the 0.25% autopay discount and a 0.25% direct deposit discount. SoFi Platform personal loans are made either by SoFi Bank, N.A. or, Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. SoFi may receive compensation if you take out a loan originated by Cross River Bank. These rate ranges are current as of 04/24/25 and are subject to change without notice. Not all rates and amounts available in all states. See SoFi Personal Loan eligibility details at . Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors. Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 9.99% of your loan amount for Cross River Bank originated loans which will be deducted from any loan proceeds you receive and for SoFi Bank originated loans have an origination fee of 0%-7%, will be deducted from any loan proceeds you receive. The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi. To be eligible to receive an additional (0.25%) interest rate reduction on your Personal Loan (your “Loan”), you must set up Direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A., or enroll in SoFi Plus by paying the SoFi Plus Subscription Fee, all within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled Direct Deposit to an eligible Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion, or during periods in which SoFi successfully receives payment of the SoFi Plus Subscription Fee. This discount will be lost during periods in which SoFi determines you have turned off Direct Deposit to your Checking and Savings account or in which you have not paid for the SoFi Plus Subscription Fee. You are not required to enroll in Direct Deposit or to pay the SoFi Plus Subscription Fee to receive a Loan.

BHG Financial offers by far the highest maximum loan amount among the 59 lenders Investopedia tracks in its database of personal loan lenders: $200,000. That’s🅠 double the next highest maximum amount of $100,000 offered by several other lenders, including LightStream and SoFi. 

To qualify for an unsecured loan that big, you’ll need strong credit and an income demonstrating an ability to repay. BHG is not shy about the class of customer it’s pursuing: The website shares that the average BHG borrower has a 澳洲幸运5官方开奖结果体彩网:FICO score of 744 and an annual personal income of $241,000. BHG Financial offers pre-qualification if you want to know the terms and rates you’ll be off𝓀ered before committing to a complete application.

BHG Financial’s APRs are not as low as those of many other lenders, and its loan minimum is $20,000 (nearly as large as the $30,000 loan maximum for Citibank personal loans). I♒ts funding time of f𓂃ive days is the slowest among the lenders we researched.

In terms of customer satisfaction, Trustpilot reviewers rate it highly: 4.7 (out of 5). It also earned a Combined Coꦡnsumer Review rating of 4.7 (out of 5). This rating, developed by Investopedia researchers, is an aggregate of consumer review ratings on two third-party review sites: Trustpilot and the Better Business Bureau.

BHG Financial, formerly Banker’s Healthcare Group, was founded in 2001 and 🔯has originated⛄ more than $18 billion in loans since then.

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Navy Federal Credit Union’s loans tick many of the righ🧸t boxes: Borrowers can choose from a wide range of loan amounts and terms; rates start at 8.99% and won’t exceed 18%; and there are no origination fee🔥s. If you’re borrowing at least $30,000 for a home improvement, you can pay it off for up to 180 months—15 years. Just be aware that late payments will result in a $29 late payment fee.

Navy Federal earned the second-highest score in the 2024 J.D. Power Consumer Lending Satisfaction Study and a Combined Consumer Review rating of 4.5 (out of 5). This rating, developed by Investopedia researchers, ꦚis an aggregate of consumer review ratings on two third-party review sites: Trustpilot and the Better Business Bur💦eau.

The main negative with Navy Federal is that membership is limited to military service members and veterans, Department of Defense personnel, and their families. Another negative is that Navy Federal does not offer 澳洲幸运5官方开奖结果体彩网:pre-qualification; you must complete a loan application to learn the rates and terms you qualify for, which will result in a slight downward nudge to your credit score. Moreover, you’ll need to join the credit union before you can b🥀egin an application.♕

Navy Federal, f🤡ounded in 1933 and headquartered in Vienna, Va., is the nation’s largest credit union, with nearly $181 billion in assets.

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Citibank doesn’t charge 澳洲幸运5官方开奖结果体彩网:origination or late f⭕ees, and its maximum advertised APR is low, keeping borrowing costs down. The autopay discount of 0.50% is better than many other lenders offer (0.25% is typical). Citigold and Citi Priority customers can get an additional 0.25ꦰ% rate discount.

Existing customers also get same-day funding, which is sent directly to their Citibank account. In the 2024 J.D. Power Consumer Lending Satisfaction Study, Citibank ranked third.

With so much going for it, it’s disappointing that Citibank now limits personal loan applications to existing customers. Another negative is that the maximum loan amount of $30,000 is among the lowest in our 💯research.

Citibank, founded in 1812, is the third-largest U.S. bank, with total assets exceeding $1.7 trillion, as of September 2024. It opeꦅrates 648 branches in the U.S. In a🎶 $70 billion deal, Citicorp and Travelers Group merged in 1998 to form Citigroup.

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Patelco Credit Union may not be the first lender you think of when 澳洲幸运5官方开奖结果体彩网:considering a loan, but its broad range of personal loan options, competitive rates, customer support tools and resources, and enticing rate discounts are worth paying attention to. You can borrow as l🔴ittle as $300 and as m🗹uch as $100,000. Repayment terms range from 6 months to 84 months. And you won’t pay an origination fee.

Since it’s a credit union, you’ll need to become a member, but that’s easy. You’re eligible if you reside in any of sever𒊎al northern California counties. You can also join the Financial Fitness Association, and Patelco will cover the fee.

Patelco Credit Union wa𒁃s founded in 1936 by Pacific T🦂elephone & Telegraph Company employees. Its headquarters are in Dublin, Calif., with over $9 billion in assets and 450,000 members.

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If you’re an existing American Express cardholder, you can qualify for a personal loan with no origination fee and competitive interest rates. Loan funding is fast, as soon as the next business day after you apply. Moreover, Amex won’t perform a 澳洲幸运5官方开奖结果体彩网:hard credit inquiry during the process, so y꧒our credit score won’t be negatively affected if you decide✤ to apply.

While the convenience and low cost are gr💦eat features, loan amounts are not flexible (between $3,500 and $40,000), and the range of repayment terms is not extensive (between 12 and 60 mon♒ths). 

American Express was founded in 1850 and headquartered in New York City. It's one of the largest global payment companies, offering a variety of credit cards and financial products.

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