Looking at Loan Companies? Take Your Search Online

Looking at Loan Companies? Take Your Search Online
Lauren Ward
on January 29, 2018
Read in 3 min

Many brick and mortar financial institutions don’t even offer personal loan options.

The ones that do, such as Wells Fargo and Citibank, require you to be an existing customer to apply online for a personal loan and then only typically will give offers to those with the best credit.

If you’re thinking, “I’d love to find a bank near me that could offer me a personal loan,” you may want to try a credit union.

If you’d prefer to connect with a lender from the comfort of your couch, we might be able to help. 

Need Cash? Get a Personal Loan Today

$10,000
I want to borrow
$1,000
$35,000

A personal loan can be used for anything, but it’s best not to leverage your future for things like a shopping spree or an exotic vacation.

Most people use a personal loan to consolidate debt, pay off medical bills, make home improvements, or to fund a new business.

A personal loan, unlike a mortgage or auto loan, is typically unsecured so fees and interest rates are usually a little higher because there is nothing for collateral.

It’s important to know your credit score before you request a personal loan so you can get a good idea of what your interest rate might be and which online companies you should consider.

These seven loan companies have online offers for a variety of credit scores.

Personal Loan Companies

Best Egg Personal Loan Companies

Best Egg

Best Egg offers personal loans from 36 to 60 months with interest rates as low as 5.99%.

In order to get that rate, however, your credit has to be pretty great.

They do offer loans to those with credit scores as low as 680, which is just below the national average, but interest rates for those borrowers rise considerably.

Best Egg’s other benefit is that they can approve your loan quickly, sometimes as fast as one business day.

Want to know more about this lender? Check out our Best Egg review.

Discover Personal Loan Companies

Discover Personal Loans

Discover is probably the most well known name on this entire list, and it’s a name that you can trust.

Discover’s lowest interest rate is a little higher than Best Egg at 6.99%, but they’ll consider you for a loan with a credit score as low as 680.

Discover also has no origination fee and a fast and easy loan process – check out our full Discover review for more details!

Marcus by Goldman Sachs Personal Loan Companies

Marcus by Goldman Sachs

Marcus, an online personal loan company by Goldman Sachs, offers personal loans with interest rates starting at 6.99%.

There is no setup fee, no origination fee, and even no late fees, though you’ll accrue more interest on the amount that is late.

Marcus offers credit card and debt consolidation as well as unsecured personal loans for those with good to excellent credit.

Average Credit Personal Loans

Lending Club - Small Business Funding

LendingClub

LendingClub’s credit range begins as low as 600 with interest rates starting at 5.99%.

That number can rise to the mid-30s so those with less than stellar credit should expect to pay more.

They’ll also consider financing you for loans up to $40,000, which is higher than most lenders consider for a personal loan.

You can read our complete review for Lending Club to learn more.

Upstart Personal Loan Companies

Upstart

Upstart may approve you for a loan with a credit score as low as 620, so those with average credit can still get a personal loan with a decent interest rate.

Origination fees can be up to 8% for those with a lower FICO score, though, so fees maybe high for some people.

Upstart offers loan balances between $1,000 and $50,000.

Need Cash? Get a Personal Loan Today

$10,000
I want to borrow
$1,000
$35,000

Poor Credit Personal Loans

BadCreditLoans.com Personal Loan Companies

BadCreditLoans.com

BadCreditLoans.com is not itself a lender, but a network of lenders, like LendGenius.com.

The barrier for entry is pretty low, with low to no credit score required.

Income verification and some other basic identifying information are all that is usually needed.

You should expect to pay much higher interest rates than you would with traditional lenders, but you do have the advantage of comparing lender offers.

The downside with BadCreditLoans.com is that the loan amounts for those with extremely bad credit cap out at just $1,000.

OneMain Lending Personal Loan Companies

OneMain Lending

OneMain is a well known operator in the less than stellar credit space.

With loan offerings from $1,000 to $10,000, they can get you larger amounts of money than other lenders in the same space.

However, expect to pay interest rates of 25% to 36% as the company is taking on considerable more risk with these loans.

Learn more with our extended OneMain Financial review.

Personal Loans Online – The Final Word

A personal loan can be a lifeline or just an added boost when you need one.

No matter what your credit is, there’s likely a lender out there willing to give you a personal loan.

Interest rate is not the only variable to consider; however,  you must make sure you understand all fees charged by loan companies.

While most banks with storefronts shy away from online personal loans these days, there are plenty of online options for securing a loan for you.

Take care when choosing your loan company – one way to do that is to use LendGenius.com to conveniently connect with a lender from the comfort of your own home.

You only need to fill out your information one time, and you’ll be connected with a lender in our network – it’s just that easy!

Need Cash? Get a Personal Loan Today

$10,000
I want to borrow
$1,000
$35,000

Lauren Ward Finance Journalist

Lauren Ward is a freelance content writer focusing on personal finance, real estate, and lending.

Her work has been featured on Huffington Post, CBS News, and Kiplinger.

She previously worked at the Federal Reserve Bank of Richmond as well as several national non-profit organizations.

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