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

$5,000
I want to borrow
$1,000
$5,000

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

$5,000
I want to borrow
$1,000
$5,000

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

$5,000
I want to borrow
$1,000
$5,000

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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Lendio
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Important Disclosures. Please Read Carefully.

Persons facing serious financial difficulties should consider other alternatives or should seek out professional financial advice. This website is not an offer to lend. Lendgenius.com is not a lender or lending partner and does not make loan or credit decisions. Lendgenius.com connects interested persons with a lender or lending partner from its network of approved lenders and lending partners. Lendgenius.com does not control and is not responsible for the actions or inactions of any lender or lending partner, is not an agent, representative or broker of any lender or lending partner, and does not endorse any lender or lending partner. Lendgenius.com receives compensation from its lenders and lending partners, often based on a ping-tree model similar to Google AdWords where the highest available bidder is connected to the consumer. Regardless, Lendgenius.com’s service is always free to you. This service is not available in all states. If you request to connect with a lender or lending partner in a particular state where such loans are prohibited, or in a location where Lendgenius.com does not have an available lender or lending partner, you will not be connected to a lender or lending partner. You are urged to read and understand the terms of any loan offered by any lender or lending partner, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you. By submitting your information via this website, you are authorizing Lendgenius.com and/or lenders and lending partners in its network or other intermediaries to do a credit check, which may include verifying your social security number, driver license number or other identification, and a review of your creditworthiness. Credit checks are usually performed by one of the major credit bureaus such as Experian, Equifax and Trans Union, but also may include alternative credit bureaus such as Teletrack, DP Bureau or others. You also authorize Lendgenius.com to share your information and credit history with its network of approved lenders and lending partners. For qualified consumers, our lenders offer loans with an Annual Percentage Rate (APR) of 35.99% and below. For qualified consumers, the maximum APR (including the interest rates plus fees and other costs) is 35.99%. All loans are subject to the lender’s approval based on its own unique underwriting criteria. Example: Loan Amount: $4,300.00, Annual Percentage Rate: 35.99%. Number of Monthly Payments: 30. Monthly Payment Amount: $219.36. Total Amount Payable: $6,581.78 Loans include a minimum repayment plan of 12 months and a maximum repayment plan of 30 months. In some cases, you may be given the option of obtaining a loan from a tribal lender. Tribal lenders are subject to tribal and certain federal laws while being immune from state law including usury caps. If you are connected to a tribal lender, please understand that the tribal lender’s rates and fees may be higher than state-licensed lenders. Additionally, tribal lenders may require you to agree to resolve any disputes in a tribal jurisdiction. You are urged to read and understand the terms of any loan offered by any lender, whether tribal or state-licensed, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.

Lender’s or Lending Partner’s Disclosure of Terms.

The lenders and lending partners you are connected to will provide documents that contain all fees and rate information pertaining to the loan being offered, including any potential fees for late-payments and the rules under which you may be allowed (if permitted by applicable law) to refinance, renew or rollover your loan. Loan fees and interest rates are determined solely by the lender or lending partner based on the lender’s or lending partner’s internal policies, underwriting criteria and applicable law. Lendgenius.com has no knowledge of or control over the loan terms offered by a lender and lending partner. You are urged to read and understand the terms of any loan offered by any lenders and lending partners and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.

Late Payments Hurt Your Credit Score

Please be aware that missing a payment or making a late payment can negatively impact your credit score. To protect yourself and your credit history, make sure you only accept loan terms that you can afford to repay. If you cannot make a payment on time, you should contact your lenders and lending partners immediately and discuss how to handle late payments.