Top Loans

Top Personal Loans in 2020

Top Personal Loans in 2021

Borrow Up to $40,000 from these Trusted Lending Partners

Bad Credit Loans

Loan Amount : up to $5,000

Quick Loan Request Decision

APR : From 5.99% to 35.99%
Loan Term : 3-36 months
Credit Score : Bad/Fair/Good/Excellent
Updated for : Fri 15 Jan 2021
Terms and conditions apply

Brief Overview

Bad Credit Loans connect consumers with lenders in our network. You do not need to have a perfect credit score to be eligible for a bad credit loan. Customers with poor credit may still qualify for a loan; however, our lenders do not typically provide loans over $1,000 to bad-credit individuals.

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CashUSA.com

Loan Amount : up to $10,000

Only Takes Minutes to Complete

APR : From 5.99% to 35.99%
Loan Term : 3-72 months
Credit Score : Bad/Fair/Good/Excellent
Updated for : Fri 15 Jan 2021
Terms and conditions apply

Brief Overview

Secure A Personal Loan – Get the support you need

Whether you need to consolidate debt, remodel your home, or take a vacation, a personal loan may be a viable option. CashUSA.com can help you secure a loan of up to $10,000 in just four easy steps:

  1. Complete our secure online form
  2. If connected to a lender, review the offer presented
  3. If you accept the offer, you may need to provide additional information to the lender
  4. If finalized, receive funds in your account as soon as the next business day

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OppLoans

Loan Amount : $500 to $5,000

APR : From 59% to 199%
Loan Term : 9 to 24 months
Credit Score : Bad/Fair/Good/Excellent
Updated for : Fri 15 Jan 2021
Terms and conditions apply

Brief Overview

OppLoans has received multiple 5-star ratings for its simple loan process and top-notch customer service. Like many short-term lenders, it won’t check your credit when you apply and may be able to get your loan funds to you within a few business days. It sets itself apart by offering a low rate cap on its loans — anywhere from 99% to 199% — and reporting your payments to the three major credit bureaus to help you increase your score.

But while there is no minimum credit score to qualify, you will need to meet its monthly income requirement and have an active checking account. In addition, its APR is still high compared to other loan options, so make sure you understand the total cost of your loan before borrowing.

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Citrus Loans

Loan Amount : between £2000 and £25,000

APR : From 59% to 199%
Loan Term : 9 to 24 months
Credit Score : Bad/Fair/Good/Excellent
Updated for : Fri 15 Jan 2021
Terms and conditions apply

Brief Overview

Citrus will match your borrowing needs with our panel of lenders without.Citrus Loans is a Credit Broker, not a lender. The power is in your hands. Instead of you applying directly to each Lender, which may leave a number of footprints

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GetFundsQuickly

Loan Amount : up to $50,000

APR : From 59% to 199%
Loan Term : 9 to 24 months
Credit Score : Bad/Fair/Good/Excellent
Updated for : Fri 15 Jan 2021
Terms and conditions apply

Brief Overview

GetFundsQuickly is a lending platform that connects borrowers with lenders to provide them with fast money. · Are you in need of money to solve your financial situation by using this.

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What is a personal loan?

Personal loans are shorter-term loans that consumers can receive from banks, credit unions, or private lenders, like online marketplace lenders and non-bank peer-to-peer lenders. The loan funds can be used for just about any purpose, such as paying off other debt, financing a home renovation, or paying for family needs, like a wedding or adoption.

Borrowers receive a single lump sum that’s repaid over a number of years. Most personal loan terms range from 24 months to 60 months, but some can go as high as 72 months. The typical personal loan is repaid in monthly installments, similar to a car loan or home mortgage.

Personal loans are typically unsecured, meaning they are not backed by collateral such as a car, house, or other assets.

If you need cash fast, these loans are a good choice because the approval and funding process is often faster than that of a home equity line of credit.

Which is the Best Bank to Apply for a Personal Loan During the COVID-19 Pandemic?

The COVID-19 pandemic has brought situations never heard before, like social distancing and staying indoors. The lockdown is still in force and has led to incidents like salary cuts and delays, loss of jobs as well as businesses. As the normal KYC process is stalled due to the lockdown, banks have stopped disbursing loans. But there are banks like HDFC that offer personal loans to individuals having salary or savings accounts with the private lender. So, if you hold such a relationship with HDFC Bank, you can apply there provided you need the loan.

What are the current personal loan interest rates?

Personal loan interest rates currently range from about 3 percent to 36 percent, depending on your credit score. As of Aug. 5, 2020, the average personal loan interest rate is 11.88 percent.

The better your credit score, the more likely you are to qualify for a personal loan with the lowest interest rate available. Compare personal loan offers to see what you are eligible for before applying for a personal loan.

APR & Loan Duration

The APR on a personal loan from our network of lenders and lending partners varies, with many providers offering rates from 4.79% to 35.99% and loan duration between 90 days and 72 months. The actual loan rate depends on the loan amount and term requested, as well as your credit score, usage, and history. If you are offered a loan, you will have the opportunity to review the final offer made by the lender or lending partner and accept their loan agreement.

Representative Example

If you borrow $4,000 on a 2-year repayment term, the monthly repayment will be $182.74. The total repayment will be $4,385.74.

Annual Percentage Rate

The Annual Percentage Rate is the rate at which your loan accrues interest. It is based upon the amount of your loan, cost of the loan, the term of the loan, repayment amounts, and timing of payments and payoff. By law, the lending partner and partner must show you the APR before you enter into the loan.

States have laws limiting the APR that the lending partner or partner can charge you. Rates will vary based on your credit, loan size, and whether collateral is provided, with the lowest rates available to customers with good credit on larger, secured loans. Minimum and maximum loan amounts and APR may vary according to state law and lending partner or partners. We recommend you read the lending partner’s and partner’s personal terms and conditions in full before proceeding with a personal loan.

Personal Loan Example

AmountPeriodAPRMonthlyTotal Paid
$2,00024 month12%$94.15$2,259.60
$2,000 24 month24%$105.74$2,537.76
$2,000 24 month35.99%$118.09$2,834.16

Top personal Loans Pro's and Con's

PROS

CONS

FAQ

Most frequent questions and answers

Credit score requirements vary among lenders. Some lenders accept only borrowers with good or better credit; others will loan to bad-credit borrowers. Learn how to get a loan with bad credit.

Many online lenders can approve qualified borrowers’ applications and fund loans the same or next day, while others may take up to a week. Compare fast personal loans.

Online lenders, banks and credit unions all offer unsecured personal loans. While some online lenders can offer low rates and fast funding to many people, you may get a better offer from your credit union or bank if you’re an existing customer. Learn more about where to get a personal loan.

Some lenders are offering low-rate small loans, while others are allowing payment relief on existing loans in response to the COVID-19 crisis.