Personal Loans
Top Personal Loans of 2025 – Fast and Affordable
- Rates from 5.99% - 35.99% APR
- Loan amounts from $100 to $50,000
- Check rates from multiple lenders in just 2 minutes
- Checking rates won't impact your credit score
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Top Providers
Compare Personal Loan Rates from Top Lenders 2025
LendingUSA
Best for interest-free merchant financing
Rocket Loans
Best for Fast Personal Loans
SoFi
Best for Personal Loans for Excellent Credit
What are personal loans used for?
Personal loan rates are impacted by the current interest rate environment, plus individual factors like your credit score, income, and debt. You can prequalify with multiple lenders to get an estimate of the personal loan rates you may qualify for.
Prequalification isn’t an offer of credit and won’t hurt your score; but once you apply for a loan, your score may temporarily drop by a few points since most lenders conduct a hard credit inquiry.
How do personal loans work?
Personal loan uses cover a wide range of purposes. Some of the most common are:
- Consolidating debt
- Credit card refinancing
- Paying for home renovations and repairs
- Going on vacation
- Paying medical expenses
- Funding emergency expenses
- Moving
But not all lenders approve loans for all purposes — you have to declare what you want to use the loan funds for when you apply.
Personal loans generally can’t be used to pay for the following:
- College tuition
- A down payment on a home
- Gambling
- Illegal purposes
Though available with some, few lenders approve personal loans for business expenses.
Calculate your savings with CompareLoans
Use our debt consolidation calculator to see how different terms and interest rates can change what you pay over time.
1. Enter your current loan details
2. Choose a rate to compare
Our lender rates vary from 6.94% to 35.99% APR1
3. Check the results
Compareloans Club rating criteria incorporates 700 data points spanning interest rates, fees, loan terms, repayment options, customer service, eligibility, efficiency, options for poor credit and no credit, cosigner options, discounts, and more.
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personal Loans FAQs
There's no such thing as too many questions
A personal loan is a type of loan, typically unsecured, that you can get within days or hours from some banks, credit unions, and online lenders. They can be used for almost anything, depending on the lender’s guidelines, such as paying for a vacation, wedding, home improvements, or consolidating debt.
Interest rates are most often fixed, which means your payments won’t change for the life of the loan. Repayment terms typically range between 1 and 7 years, but can extend well over 10 years for certain loan purposes, like home improvements. Loan amounts are available from under $1,000 to over $200,000, depending on your credit score, the loan’s purpose, and the lender.
To get a personal loan, you’ll generally need a reliable source of income, a credit score that meets the lender’s minimum requirement — many lenders prefer a FICO score above 670 — and a debt-to-income ratio (DTI) under 36%. But different lenders have different eligibility criteria. For example, some lenders consider applicants with fair and bad credit, while others only consider applicants with good credit or better.
Qualification depends on several factors, including your credit score, income, employment status, and debt-to-income ratio. Lenders may also consider your financial history and repayment ability before approving your loan application.
Loan amounts vary by lender, but most personal loans range from $1,000 to $50,000 or more. The amount you qualify for depends on your creditworthiness, income, and the lender’s requirements.
Approval times vary, but many online lenders offer quick decisions, sometimes within minutes. If approved, you could receive your funds within 24 hours to a few business days, depending on the lender.
Most lenders perform a soft credit check during pre-qualification, which does not impact your credit score. However, if you proceed with the application, a hard inquiry may be conducted, which could slightly lower your score temporarily.