List and top Online loan lender in United States

Several online loan lenders stand out in the US market for their unique offerings and competitive rates. Among these, SoFi, LightStream, Discover, Upstart, and Avant are frequently highlighted for their strengths in catering to different borrower needs.

The interest rates among online loan lenders in the US can vary significantly based on factors such as the borrower’s credit score, income, loan amount, and loan term. Generally, online lenders offer rates ranging from around 6% to 36% APR for personal loans.

Borrowers with excellent credit scores (typically 720 or higher) may qualify for rates as low as 6-8% APR, while those with fair or poor credit may see rates in the 20-36% range. It’s important for borrowers to compare offers from multiple lenders, as rates can differ substantially even for similar loan products

SoFi is known for offering large loan amounts up to $100,000 with competitive rates for borrowers with good credit. LightStream is recognized for its fast funding and low rates for those with excellent credit. Discover is praised for its customer-friendly features and direct payments for debt consolidation.

Upstart and Avant are also notable players in the online lending space. Upstart is particularly appealing to borrowers with lower credit scores, as it uses alternative data in its underwriting process, allowing more individuals to qualify for loans. Avant, on the other hand, is a good option for those with fair credit who need quick funding. These lenders offer a range of loan amounts, competitive APRs, and various features to cater to different borrower needs and credit profiles.

Read: List and top Online loan lender in UK

Online Loan Lenders in united states

When looking for online loan lenders in the United States, it’s important to consider factors like interest rates, loan terms, and the lender’s reputation. Here are some well-known online loan providers in the U.S.

Here are some notable online loan providers in the United States:

1. SoFi

SoFi offers personal loans with a range of features designed to meet various financial needs. Here are some key details about SoFi’s personal loans:

Key Features:

Loan Amounts: Borrow between $5,000 and $100,000.
Interest Rates: Fixed rates starting from 7.99% to 24.99% APR, depending on creditworthiness.
Loan Terms: Choose from 2 to 7 years.
No Fees: No origination fees, closing costs, or prepayment penalties.
Quick Approval: Funds can be sent as early as the same day you sign.
Flexible Repayment Options: Various repayment terms to suit your needs.
Debt Consolidation: Option to pay off many creditors directly.

Application Process:

Use the SoFi Personal Loan Calculator to estimate your loan amount, APR, and payments without impacting your credit score.
Complete the online application by providing personal information, income, and employment details.
Receive an approval decision with the APR, loan amount, and payment terms.
Once approved and accepted, funds can be sent to your bank account or directly to creditors.

Read: List and top Online loan lender in Australia

2. LightStream

LightStream offers a variety of personal loans with competitive rates and flexible terms. Here are some key details about LightStream’s loans:

Key Features:

Loan Amounts: Borrow between $5,000 and $100,000.
Interest Rates: Fixed rates starting from 6.99% to 25.29% APR, depending on creditworthiness
Loan Terms: Choose from 2 to 20 years, depending on the loan purpose.
No Fees: No origination fees, late payment fees, or prepayment penalties.
Quick Approval: Funds can be disbursed as soon as the same day of approval.
Rate Beat Program: LightStream will beat any qualifying rate from another lender

3. Upgrade

Upgrade offers personal loans with a range of features designed to meet various financial needs. Here are some key details about Upgrade’s personal loans:

Key Features:

Loan Amounts: Borrow between $1,000 and $50,000.
Interest Rates: Fixed rates starting from 7.99% to 35.99% APR, depending on creditworthiness.
Loan Terms: Choose from 24 to 84 months.
Origination Fees: 1.85% to 9.99% of the loan amount.
No Prepayment Penalties: You can repay your loan early without any additional fees.
Quick Approval: Funds can be disbursed as soon as the next business day after approval.
Debt Consolidation: Option to pay off many creditors directly.

Application Process:

Check Your Rate: Use the Upgrade Personal Loan Calculator to estimate your loan amount, APR, and payments without impacting your credit score.
Apply Online: Complete the online application by providing personal information, income, and employment details.
Approval Decision: Receive an approval decision with the APR, loan amount, and payment terms.
Receive Funds: Once approved and accepted, funds can be sent to your bank account or directly to creditors.

4. Best Egg

Best Egg offers personal loans with a range of features designed to meet various financial needs. Here are some key details about Best Egg’s personal loans:

Key Features:

Loan Amounts: Borrow between $2,000 and $50,000.
Interest Rates: Fixed rates starting from 5.99% to 29.99% APR, depending on creditworthiness.
Loan Terms: Choose from 3 to 5 years.
Origination Fees: 0.99% to 5.99% of the loan amount.
No Prepayment Penalties: You can repay your loan early without any additional fees.
Quick Approval: Funds can be disbursed as soon as the next business day after approval.
Debt Consolidation: Option to pay off many creditors directly.

Application Process:

Check Your Rate: Use the Best Egg Personal Loan Calculator to estimate your loan amount, APR, and payments without impacting your credit score.
Apply Online: Complete the online application by providing personal information, income, and employment details.
Approval Decision: Receive an approval decision with the APR, loan amount, and payment terms.
Receive Funds: Once approved and accepted, funds can be sent to your bank account or directly to creditors.

5. PenFed Credit Union

PenFed Credit Union offers personal loans with a range of features designed to meet various financial needs. Here are some key details about PenFed’s personal loans:

Key Features:

Loan Amounts: Borrow up to $50,000.
Interest Rates: Fixed rates starting from 8.99% APR.
Loan Terms: Choose from 12 to 60 months.
No Fees: No origination fees, prepayment penalties, or balance transfer fees.
Quick Approval: Funds can be disbursed as soon as the next business day after approval.
Flexible Repayment Options: Various repayment terms to suit your needs.
Debt Consolidation: Option to pay off many creditors directly.

Application Process:

Check Your Rate: Use the PenFed Personal Loan Calculator to estimate your loan amount, APR, and payments without impacting your credit score.
Apply Online: Complete the online application by providing personal information, income, and employment details.
Approval Decision: Receive an approval decision with the APR, loan amount, and payment terms.
Receive Funds: Once approved and accepted, funds can be sent to your bank account or directly to creditors.

Read: List and top Online loan lender in Philippines

6. Avant

Avant offers personal loans with a range of features designed to meet various financial needs. Here are some key details about Avant’s personal loans:

Key Features:

Loan Amounts: Borrow between $2,000 and $35,000.
Interest Rates: Fixed rates starting from 9.95% to 35.99% APR, depending on creditworthiness.
Loan Terms: Choose from 24 to 60 months.
Origination Fees: Up to 9.99% of the loan amount.
No Prepayment Penalties: You can repay your loan early without any additional fees.
Quick Approval: Funds can be disbursed as soon as the next business day after approval.
Debt Consolidation: Option to pay off many creditors directly.

Application Process:

Check Your Rate: Use the Avant Personal Loan Calculator to estimate your loan amount, APR, and payments without impacting your credit score.
Apply Online: Complete the online application by providing personal information, income, and employment details.
Approval Decision: Receive an approval decision with the APR, loan amount, and payment terms.
Receive Funds: Once approved and accepted, funds can be sent to your bank account or directly to creditors

7. Happy Money

Happy Money offers personal loans designed to help individuals pay off credit card debt and achieve financial wellness. Here are some key details about Happy Money’s loans:

Key Features:

Loan Amounts: Borrow between $5,000 and $40,000.
Interest Rates: Fixed rates ranging from 8.95% to 17.48% APR, depending on creditworthiness.
Loan Terms: Choose from 24 to 60 months.
Origination Fees: 1.5% to 5.5% of the loan amount.
No Hidden Fees: No application fees, late fees, or prepayment penalties.
Quick Approval: Funds can be disbursed as soon as the next business day after approval.
Debt Consolidation: The Payoff Loan is specifically designed to help pay off credit card debt and improve financial health.

Application Process:

Check Your Rate: Use the Happy Money website to check your rate without impacting your credit score.
Apply Online: Complete the online application by providing personal information, income, and employment details.
Approval Decision: Receive an approval decision with the APR, loan amount, and payment terms.
Receive Funds: Once approved and accepted, funds can be sent to your bank account or directly to creditors

Read: List of Banks and Credit Union in United kingdom

8. U.S. Bank

U.S. Bank offers a variety of personal loans with competitive rates and flexible terms. Here are some key details about U.S. Bank’s personal loans:

Key Features:

Loan Amounts: Borrow between $1,000 and $50,000 for U.S. Bank customers, and up to $25,000 for non-customers.
Interest Rates: Fixed rates starting from 7.99% to 24.99% APR.
Loan Terms: Choose from 12 to 84 months for U.S. Bank customers, and up to 60 months for non-customers.
No Fees: No origination fees, closing costs, or prepayment penalties.
Quick Approval: Funds can be disbursed as soon as the same day of approval.
No Collateral Required: Personal loans do not require your home or car as collateral.

Application Process:

Check Your Rate: Use the U.S. Bank Personal Loan Calculator to estimate your loan amount, APR, and payments without impacting your credit score.
Apply Online: Complete the online application by providing personal information, income, and employment details.
Approval Decision: Receive an approval decision with the APR, loan amount, and payment terms.
Receive Funds: Once approved and accepted, funds can be sent to your bank account as soon as the same day

9. Axos Bank

Axos Bank offers personal loans with a variety of features designed to meet different financial needs. Here are some key details about Axos Bank’s personal loans:

Key Features:

Loan Amounts: Borrow between $7,000 and $50,000.
Interest Rates: Fixed rates starting from 11.79% to 20.84% APR, depending on creditworthiness.
Loan Terms: Choose from 3 to 6 years.
No Collateral Required: Personal loans are unsecured, meaning you don’t need to provide collateral.
Quick Approval: Funds can be disbursed as soon as the next business day after approval.
No Prepayment Penalties: You can repay your loan early without any additional fees.
Rate Beat Program: Axos Bank will beat any qualifying rate from another lender by 0.10 percentage points.

Application Process:

Check Your Rate: Use the Axos Bank Personal Loan Calculator to estimate your loan amount, APR, and payments without impacting your credit score.
Apply Online: Complete the online application by providing personal information, income, and employment details.
Approval Decision: Receive an approval decision with the APR, loan amount, and payment terms.
Receive Funds: Once approved and accepted, funds can be sent to your bank account as soon as the next business day

10. First Tech Federal Credit Union

First Tech Federal Credit Union offers a variety of personal loans with competitive rates and flexible terms. Here are some key details about First Tech’s personal loans:

Key Features:

Loan Amounts: Borrow between $500 and $50,000.
Interest Rates: Fixed rates starting from 8.49% to 18.00% APR, depending on creditworthiness.
Loan Terms: Choose from 6 to 84 months.
No Fees: No application fees, origination fees, or prepayment penalties.
Quick Approval: Most loans are approved right away or within a business day.
Flexible Repayment Options: Various repayment terms to suit your needs.
Debt Consolidation: Option to consolidate higher interest loans and credit card debt.

Application Process:

Check Your Rate: Use the First Tech Personal Loan Calculator to estimate your loan amount, APR, and payments without impacting your credit score.
Apply Online: Complete the online application by providing personal information, income, and employment details.
Approval Decision: Receive an approval decision with the APR, loan amount, and payment terms.
Receive Funds: Once approved and accepted, funds can be sent to your bank account as soon as the next business day

11. Discover

Discover offers online personal loans with a range of features designed to meet various financial needs. Here are some key details about Discover’s online loans:

Loan Amounts: Borrow between $2,500 and $40,000.
Interest Rates: Fixed rates starting from 7.99% to 24.99% APR, depending on creditworthiness.
Loan Terms: Choose from 36 to 84 months.
No Fees: No origination fees, closing costs, or prepayment penalties.
Funds can be sent as early as the next business day after acceptance.
Flexible Repayment Options: Various repayment terms to suit your needs.
Debt Consolidation: Option to pay off many creditors directly.

Application Process:

Use the Discover Personal Loan Calculator to estimate your loan amount, APR, and payments without impacting your credit score.
Complete the online application by providing personal information, income, and employment details.
Receive an approval decision with the APR, loan amount, and payment terms.
Once approved and accepted, funds can be sent to your bank account or directly to creditors.

Read:List of Banks and Credit Union in United States of America

12. Rocket Loans:

Rocket Loans offers personal loans with a range of features designed to meet various financial needs. Here are some key details about Rocket Loans:

Key Features:

Loan Amounts: Borrow between $2,000 and $45,000.
Interest Rates: Fixed rates starting from 8.71% to 29.99% APR, depending on creditworthiness.
Loan Terms: Choose from 36 to 60 months.
Origination Fees: Up to 9% of the loan amount.
No Prepayment Penalties: You can repay your loan early without any additional fees.
Quick Approval: Funds can be disbursed as soon as the next business day after approval.
Same Day Funding: Available for clients completing the loan process and signing the Promissory Note by 4:00 PM ET on a business day.

Application Process:

Check Your Rate: Use the Rocket Loans website to check your rate without impacting your credit score.
Apply Online: Complete the online application by providing personal information, income, and employment details.
Approval Decision: Receive an approval decision with the APR, loan amount, and payment terms.
Receive Funds: Once approved and accepted, funds can be sent to your bank account as soon as the next business day.

13. Marcus by Goldman Sachs

Marcus by Goldman Sachs offers personal loans with a range of features designed to meet various financial needs. Here are some key details about Marcus’s personal loans:

Key Features:

Loan Amounts: Borrow between $3,500 and $40,000.
Interest Rates: Fixed rates starting from 6.99% to 24.99% APR, depending on creditworthiness.
Loan Terms: Choose from 36 to 72 months.
No Fees: No origination fees, late payment fees, or prepayment penalties.
Quick Approval: Funds can be disbursed as soon as the next business day after approval.
Flexible Repayment Options: Various repayment terms to suit your needs.
Debt Consolidation: Option to pay off many creditors directly.

Application Process:

Check Your Rate: Use the Marcus Personal Loan Calculator to estimate your loan amount, APR, and payments without impacting your credit score.
Apply Online: Complete the online application by providing personal information, income, and employment details.
Approval Decision: Receive an approval decision with the APR, loan amount, and payment terms.
Receive Funds: Once approved and accepted, funds can be sent to your bank account or directly to creditors

14. OneMain Financial

OneMain Financial offers personal loans with a range of features designed to meet various financial needs. Here are some key details about OneMain Financial’s personal loans:

Key Features:

Loan Amounts: Borrow between $1,500 and $20,000.
Interest Rates: Fixed rates ranging from 18.00% to 35.99% APR, depending on creditworthiness.
Loan Terms: Choose from 24, 36, 48, or 60 months.
Origination Fees: Varies based on the loan amount and state regulations.
No Prepayment Penalties: You can repay your loan early without any additional fees.
Quick Approval: Funds can be disbursed as soon as the same day of approval.
Secured and Unsecured Loans: Offers both secured loans (requiring collateral) and unsecured loans (no collateral required).

Application Process:

Apply Online: Complete the online application by providing personal information, income, and employment details.
Approval Decision: Receive an approval decision with the APR, loan amount, and payment terms.
Connect with a Loan Specialist: Discuss your options and verify details like identity, income, expenses, and any needed collateral.
Sign and Receive Funds: Once approved and accepted, sign the loan documents and receive the funds.

15 Figure

Figure is a notable online lender in the United States, primarily known for its Home Equity Line of Credit (HELOC) offerings. Here are some key details about Figure’s loans:

Key Features:

Loan Amounts: Borrow up to $400,000.
Interest Rates: Competitive rates that are often lower than personal loans.
Loan Terms: Flexible terms with the option to redraw up to 100%.
Quick Approval: Approval in as little as 5 minutes, with funding in as few as 5 days.
No Hidden Fees: Transparent fee structure with no hidden charges.
Online Application: 100% online application process with easy online notary services in most locations.
Versatile Use: Use the HELOC for home improvement, debt consolidation, education, or other financial needs.

Application Process:

Check Your Rate: Use the Figure website to check your rate without impacting your credit score.
Apply Online: Complete the online application by providing personal information, income, and property details.
Approval Decision: Receive an approval decision with the APR, loan amount, and payment terms.
Receive Funds: Once approved and accepted, funds can be sent to your bank account as soon as 5 days.

Read: List of Banks and Credit Union in Canada

16. Wells Fargo

Wells Fargo offers a variety of personal loans with competitive rates and flexible terms. Here are some key details about Wells Fargo’s personal loans:

Key Features:

Loan Amounts: Borrow between $3,000 and $100,000.
Interest Rates: Fixed rates starting from 6.99% to 24.49% APR, depending on creditworthiness.
Loan Terms: Choose from 12 to 84 months.
No Fees: No origination fees, closing costs, or prepayment penalties.
Quick Approval: Same-day credit decision for most customers.
Relationship Discount: 0.25% interest rate discount with auto pay from a qualifying Wells Fargo account.

Application Process:

Check Your Rate: Use the Wells Fargo Personal Loan Calculator to estimate your loan amount, APR, and payments without impacting your credit score.
Apply Online: Complete the online application by providing personal information, income, and employment details.
Approval Decision: Receive an approval decision with the APR, loan amount, and payment terms.
Receive Funds: Once approved and accepted, funds can be sent to your bank account as soon as the same day

17,FreedomPlus

FreedomPlus has rebranded as Achieve Personal Loans. Achieve offers personal loans designed to help individuals consolidate high-interest debt or fund major expenses. Here are some key details about Achieve Personal Loans:

Key Features:

Loan Amounts: Borrow between $5,000 and $50,000.
Interest Rates: Fixed rates with potential rate discounts for adding a co-borrower or showing proof of sufficient retirement savings.
Loan Terms: Choose from 2, 3, 4, or 5-year terms.
No Hidden Fees: Transparent fee structure with no hidden charges.
Quick Approval: Fast and easy application process with same-day decisions.
Dedicated Loan Consultant: Work with the same dedicated loan consultant throughout the entire process.

Application Process:

Check Your Rate: Use the Achieve website to check your rate without impacting your credit score.
Apply Online: Complete the online application by providing personal information, income, and employment details.
Approval Decision: Receive an approval decision with the APR, loan amount, and payment terms.
Receive Funds: Once approved and accepted, funds can be sent to your bank account or directly to creditors.

Author
Recent Posts

admin

Meet Ogbeide Frank, also known as Perere, a blogger passionate about writing on finance and technology. He studied Business Administration at Ambrose Alli University in Ekpoma and Mobile Communication at Orange College in Malaysia. Frank has experience working as a banker and consultant for various agencies in Nigeria.

kokolevel

Telecom News, Finance ,Business and Banking Search