Personal Loans
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Personal Loans
Personal loans can help cover a large unexpected expense or help to consolidate debt at lower interest with more manageable payments. Not only are rates usually much lower than most credit card APRs, but for many people, having one monthly payment instead of multiple payments helps to declutter finances and make sure that none are missed.
How to apply for a loan
You can apply for loans directly through banks or other lenders, and you can use a marketplace that allows you to compare quotes from multiple lenders at the same time.
B.F.F. Approved Platforms
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Credible
They avoid ranking products by how much they are paid and are committed to a high level of transparency. You can find out more about Credible here. Credible Operations, Inc. NMLS# 1681276, “Credible.” Not available in all states. www.nmlsconsumeraccess.org.
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Commonbond
Commonbond is a unique loan marketplace with their principles at the forefront of what they do. Their mission is to make "going solar" cheaper and easier for everyone by offering solar financing options for homeowners, and they invest a portion of their proceeds to fund children’s education. You can find out more about them here.
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LightStream
With LightStream, you can get a loan for $5,000 to $100,000 for practically anything. There are no fees, charges, or early payment penalties.
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Upstart
Upstart offers loans up to $50,000 at rates from 7.86% to 35.99%. There's no prepayment penalty but you will have an origination fee. This product is great for loans to pay for home improvements, medical bills, debt consolidation, and other needs.
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Upgrade
Upgrade offers personal loans of up to $50,000 with the ability to get the cash in one day. There are no prepayment fees but you will pay origination fees.
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Best Egg
Best Egg is great for people with fair to good credit scores who want to consolidate debt or get a loan. For those with a minimum credit score of 630, Best Egg can provide quick access to funds and competitive rates regardless of imperfect credit. The average borrower gets an annual percentage rate of 14%, but those with better credit can qualify for rates below 10%. You can find out more about Best Egg here.
