Do you want to know if a personal loan can help you achieve your financial goals? Personal loans have a variety of purposes, whether you want to consolidate your debts, pay off your credit card debt, do home repairs, cover the expenses of a family vacation, or simply pay a large or unexpected expense for advanced. Do you want to know the best? You can use personal loans for business purposes if you don’t qualify for a business loan. At Camino Financial, we have reviewed a number of personal loans and have compiled this guide with the top 15 personal lenders in the US. USA so you have a complete overview of the benefits and features available.

Is it a good idea to ask for personal loans?

Personal loans can be an excellent tool to finance your needs.

It is important to know that debts are not always bad. When they allow you to achieve your goals and don’t hurt your finances, it’s a good idea to get a debt (in the form of a loan or a credit card, for example).

It all depends on what you plan to do with the loan and if it will be a good investment.

You also need to make sure that the loan has low interest rates. If you have a good credit score, then it will be easier for you to get better interests, and consequently, a cheaper loan.

Advantages of personal loans

Personal loans can make sense to you for a number of reasons:

In general, it is easier to qualify for a personal loan than for a commercial loan.
There are fewer requirements overall and less paperwork involved.
Many lenders do not require a high credit score. However, if you have solid credit, you will be able to receive better interest rates.
There are a number of loan options available (though not all) that do not require collateral or collateral – that means you don’t need to secure the loan by risking your personal property or assets.
Interest rates and monthly payment are usually fixed to help you plan your monthly expenses.
The approval process for personal loans is much faster than for commercial loans.
That said, keep in mind that the maximum amount on most loans is approximately $ 40,000, with a few lenders reaching higher amounts. However, if the limited amount meets your needs, a personal loan may be the best option for you.

The 15 best personal loans

We have compiled the 15 best personal loans to offer you a complete guide to the terms and characteristics of each one. Make sure you find the right loan for you taking into account the maximum loan amount, interest rate, loan term, and any other relevant features.

  1. AURA
  4. SOFI
  10. MARCUS


Aura is an online lender that serves low and middle income communities that are traditionally not served by banks.

They offer a simple and transparent loan process, with personal loans ranging from $ 300 to $ 4,000, affordable and fixed payments, and a maximum annual interest rate of 36%. Borrowers without a Social Security Number can use their ITIN to start the application process.

Aura’s goal is to build credit for its borrowers so that they can access better opportunities in the future. Please note that Aura only operates in California, Texas, Illinois and Arizona.


With loan amounts ranging from $ 300 to $ 9,000, Oportun is an excellent choice for borrowers who do not have a credit history or have a low credit score.

This company provides loan services to the Latino community, and like Aura they accept borrowers without a Social Security Number and with only an Individual Taxpayer Identification Number or ITIN. Their annual interest rates range from 20 to 67%.

This option is also great for covering unexpected expenses or cash shortages, as the financing process usually occurs the same day. Borrowers have between 6 and 46 months to repay the loan, making Oportun personal loans an excellent choice for short-term cash needs.


OneMain Financial is a third option for those applicants with only one ITIN.

They offer personal loans for applicants with low credit scores. They have loan options with and without collateral, ranging from 24 to 60 months. If you need to pay your credit cards or manage your business expenses, they have a solid experience granting loans to their clients. Annual interest rates range from 16.05% to 35.99%, and they accept applicants with low credit scores.



If you have a solid credit score, SoFi offers extremely competitive long-term rates. They are a reliable resource to refinance student loans or other considerable expenses, with loans that last from 2 to 6 years.

With a maximum loan amount of $ 100,000, Sofi is an excellent solution for creditworthy borrowers to consolidate their debts or pay large expenses.


This bank is an excellent option to consolidate debts, with loan options available for amounts between $ 5,000 and $ 50,000.

Citizens Bank requires a minimum credit score of 680, making it ideal for those with an established credit history. There are no origination or prepayment charges, and you can choose between 36 to 72 months. Annual interest rates are affordable and range from 6.79% to 20.89%.


If you need to cover large purchases or consolidate debts, Prosper can be a good option, with annual interest rates ranging from 6.95% to 35.99%.

You can borrow between $ 2,000 and $ 40,000, depending on your credit. However, keep in mind that this lender charges an origination fee, which ranges from 1 to 5% of the total loan amount.

It is a good solution for those looking for a repayment term of between 3 and 5 years.


For those with solid credit, Best Egg offers low annual interest rates ranging from 5.99% to 29.99%. The minimum credit score to apply for a loan is 640, and the amounts range from $ 2,000 to $ 35,000.

These personal loans are suitable for people with medium to excellent credit, and with an average annual income of $ 60,000 or more. Many people use Best Egg loans for personal and business expenses, as well as for home improvement.


With fixed rates and simple installment options, Payoff is an excellent personal loan option for consolidating credit card debt. They offer between 2 and 5 years to repay the loan with interest rates between 5.65% and 22.59%.

Please note that this lender charges origination fees of up to 5%, but there are no other common fees associated with a loan.



This online lender has affordable interest rates between 7.54% and 35.99%, which can save borrowers up to 24% compared to credit card rates.

With Upstart there is no prepayment penalty, and they also offer a simple application process for loans of up to $ 50,000.


Goldman Sachs Banks offers personal loans from Marcus to creditworthy applicants, with annual interest rates between 5.99% and 28.99%. If you are looking for a loan with a fixed interest rate and no origination fee, this is one of the most competitive options.

You can use the funds to pay for your business expenses or your cash flow needs, with options for loan terms of between 36 and 72 months.


This online lender offers competitive terms for small and medium businesses.

Laurel Road not only offers you low rates and flexible terms and conditions, but if you need money quickly, you can get approval in two days and receive your money in just two more. They have an easy to use online application and a payment calculator.

You can also receive discounts if you sign up for AutoPay directly from your bank to make payments.


When you request a personal loan through Upgrade, you will be able to know if you are approved in a matter of minutes.

This online lender offers very reasonable terms and conditions to receive personal loans without having to present a guarantee. Their rates are low and low, and you can make monthly payments at your fingertips.

Also, there are no penalties if you decide to pay your loan early. As a customer, you will be able to monitor your credit and access educational resources to better manage your finances and control your credit score.


Lending Tree is actually a marketplace that allows you to search for the best personal loan rates. Lending Tree is used by many lenders to connect with a variety of borrowers.

Given the variety of lenders, you are likely to find the personal loan that best suits your needs. Lending Tree allows you to select the use you intend to give to the personal loan, so that you can find the one that suits your goals.


You have numerous options at your fingertips to find personal loans from various sources.

Lending Club is a peer-to-peer platform, that is, it connects those looking for loans with potential investors. You will be able to obtain reasonable terms and conditions through the Lending Club, even if you have a low credit score. It usually takes around seven days from the time you apply for a loan until you receive your money in your bank account.


As the name suggests, Rocket Loans guarantees a fast application and approval process so you can get your money quickly. They also give prospective borrowers access to personal loan experts to answer any questions and guide you through the process.

In addition to taking pride in the simplicity of its system, Rocket Loans also caters to a wide range of people, so you’re likely to find a personal loan with terms that fit your personal circumstances.

Here are the top 15 personal loans at a glance:

Lender Max. Loan Amount APR Loan Term
Aura $4,000 max. 36% 6 to 36 months
Opportun $9,000 20% to 67% 6 to 46 months
OneMain $30,000 16.05% to 35.99% 24 to 60 months
SoFi $100,000 5.74% to 14.70% 24 to 84 months
Citizens Bank $50,000 6.79% to 20.89% 36 to 84 months
Prosper $40,000 6.95% to 35.99% 36 to 60 months
Best Egg $35,000 5.99% to 29.99% 36 to 60 months
Payoff $35,000 5.65% to 22.59% 24 to 60 months
Upstart $50,000 7.54% to 35.99% 36 to 60 months
Marcus $40,000 5.99% to 28.99% 36 to 60 months
Laurel Road $45,000 8.01% 36 to 60 months
Upgrade $50,000 7.99% to 35.89% 36 to 60 months
Lending Tree $50,000 max. 35.99% 2 to 180 months
Lending Club $40,000 6.95% to 35.89% 36 months or longer
Rocket Loans $45,000 7.161% to 29.99% 36 to 60 months


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