Updated February 28, 2020

25 Best Personal Loan Companies Offering Good Deals and Rates in 2020

Personal Loans

Money Done Right does not run display ads or accept sponsorships to promote particular products or services. However, we may receive a commission if you purchase or sign up through links on this page. Here's more information about how we make money.

Are you going through a financial crisis and need money as soon as today? Getting a personal loan is the easiest way to access funds within 24 hours in most cases. You will also not need to provide security to secure a loan. The problem is identifying the best personal loan companies that offer good rates and flexible terms. Well, you don’t have to worry about this anymore. We have put together a list that can help you find help when you need it most.

Best Personal Loans Companies for Bad Credit


Do you have a credit score of over 629, a valid bank account, and you are a resident of the United States? LendingTree is one of the best personal loan companies to get a personal loan. The company is a platform that connects lenders and borrowers where the loan terms will depend on the lender.

  • You can get a loan to aid in debt consolidation, mortgage loan, business loan or a car loan. If you need to plan your vacation, wedding, or pay your medical expenses, you’ll get a loan.
  • Your loan will range from $1,000 to $50, 000
  • The loan gets processed in 24 hours
  • Interest rates range from 3.99% to 35.99% depending on your credit score
  • The duration of payment ranges from 3 months to 15 year


If your credit status is bad, you don’t have to struggle with your finances. EVEN is a platform where you’ll submit your request and get connected to the right lender. You will finalize your loan details with the loan provider. Whether you need a loan for debt consolidation, make a large purchase, medical expense or home improvement, you’ll get it.

  • The loan range is between $1, 000 and $1000,000
  • Loan term of between 24 months and 84 months
  • The interest rates start from 3.84% and could get higher depending on your loan duration and your credit score.
  • You’ll compare the available lenders and choose the one with the best rates
  • You’ll get your funds in 24 hours.


Viivaloan is among the best personal loans companies that will provide a loan regardless of your credit score.

There are multiple lenders on the platform and you have a right to work with your preferred lender. The more you borrow and repay on time, the more you’ll build your credit score.

Once the lender approves your application, you’ll get your payment in 24 hours.

  • You can get a loan of up to $15,000
  • The application will only take 5 minutes to complete
  • You can apply for more than one loan at a time
  • If you wish to have multiple monthly options, you’ll get the provision.

Check out these 101+ ways to make extra money


Zippy is also a reputable company where you can get a personal loan in 24 hours. You’ll get to choose a lender among the multiple lenders on the platform.

  • Whether your credit score is good or bad, you’ll get a loan as long as you are over 18 years
  • You’ll complete your application in 5 minutes
  • You’ll choose a lender from the many lenders available on the platform
  • The platform offers loans whether your credit score is good or bad
  • The loan limit ranges between $100 to $15, 000


MONEVO has over 30 lenders and banks that will provide loans without any regard to your credit score. It will take you less than a minute to find out the loan you can get which is amazing!

  • The interest rates start from 3.99% and could be higher depending on your credit score and the repayment period.
  • You’ll get a loan of between $1, 000 and $100, 000
  • You will get a customized loan offer in 60 seconds
  • The funds will be available in 24 hours
  • If you check your personal loans rates, your credit score will not get affected


With CompareFirst, you’ll get a pre-approved loan quote that has no obligations. The quote will not have an impact on your credit score but will attract more lenders.

  • You’ll get multiple loan offers from the lenders on the platform
  • High acceptance rate
  • Lowest credit score to get a loan is 580
  • Loan range is between $2, 000 and $100, 000
  • The interest will range between 2.99% and 35.9%
  • You’ll get your pre-qualification quote in minutes.


With LendingClub, you’ll complete your loan application in minutes. You’ll disclose the amount you wish to borrow and provide your personal details.

If you qualify, you will choose the loan that you can comfortably pay and choose your interest option. On completing the details, your loan is deposited into your account.

  • You can borrow up to a maximum of $40,000
  • The repayment period is between 3 and 5 years
  • Interest rates range from 6.95% to 35.8% based on your credit score
  • You’ll not get prepayment penalties

If you pay your personal loan on time, you’ll improve your credit score. This will make it possible for you to get better deals when next you ask for a loan.


The personal loan rates for PersonalLoans.com are affordable and the process of getting a loan is simple. Here, you’ll find multiple lenders and will have a chance to select the right lender for you. There are no charges for submitting a loan request and the processing will be made in 24 hours.

  • Whether you need a car loan, medical loan or a vacation loan, you’ll only need to ask!
  • The interest rates are between 5.99% and 35.99% based on your credit score
  • The repayment period is between 6 months and 72 hours
  • You’ll get help to connect with the right lender for you.


When borrowing a loan from BadCreditLoans.com, you’ll get a chance to choose a lender.

You will compare the available loan offers without any obligation to borrow from the lenders.

  • Your loan is processed in 1 day
  • The APR rates are between 5.99% and 35.99%
  • Your loan range will be between $500 and $5,000
  • You can choose a repayment period between 3 months and 36 months

Check out more info on BadCreditLoans.com here

Best Personal Loan Companies For Average, Good, and Excellent Credit

If your credit score is good, you’ll not have a problem finding a lender that will offer good rates. The truth is, lenders will compete to lend you money. Whether the lender specializes in lending to people with a bad credit score or the good credit score, you’ll qualify. You’ll request for quotes from the best personal loan companies and then make a choice. Let’s check out some of these companies that offer the best rates for personal loans:


This is a lending platform that comprises of multiple vetted lenders. You have a right to choose the lender you’ll borrow from depending on the rates and the loan terms.If you are looking for a lending company that has the best rates for personal loans, Credible is your first option. The process of applying is quite simple and when you submit your request, you’ll get a reply in minutes. You’ll then select your preferred loan option and once approved, you’ll get your loan. You don’t need to struggle with your wedding expenses, career development funds, credit refinancing or debt consolidation. Any time you plan a vacation or even buy a car, credible is a good source of personal loans.

  • Loan processing takes between 1 and 2 days
  • The loan range is between $35, 000 and $50, 000. However, depending on your qualification, you can get up to $100, 000.
  • The interest rate depends on the lender, loan duration, and your credit status

All the transactions until the time you get your loan will be online which is quite convenient.


If your credit score is really good, you can get a personal loan with SoFi. The interest rates are lower compared to other borrowers but your qualification depends on your credit score.

  • You can borrow up to $100, 000 for your personal use
  • You will not pay a fee for the processing of your loan.
  • The interest rate is 5.99% or 5.74% depending on whether your loan is fixed or variable
  • The repayment period is between 2 and 7 years


With Prosper, you’ll start by responding to preset questions and from here, you’ll know if you are eligible. If you are, you’ll select your loan and the preferred repayment option and you’ll get your money.

  • The interest rates range from 6.95% to 35.99% depending on your credit status
  • The loan range is between $2, 0000 and $40, 0000
  • Your repayment duration will be between 3 and 5 years
  • To get your loan, your credit score should be between 640 and 740
  • No prepayment penalty.


Seeking for ways to raise your credit score by up to 40 points?  Get a personal loan with Payoff. The platform will connect you with various lenders who have varying terms when it comes to giving loans.

  • Interest rates are between 8% and 25% depending on your credit status, loan duration, and your income.
  • Loan durations are between 36 and 84 months
  • You’ll not pay any prepayment penalty, application fee or late fee
  • You’ll get a loan of between $5,000 and $35,000


Are you struggling with some high-interest debts or you are preparing for your dream wedding? There is no need to halt your plans due to lack of funds when you can get a personal loan from Discover.

  • If your loan will be more than $35, 000 you’ll enjoy a fixed interest rate
  • The loan term is between 36 months and 84 months
  • Your interest rates will range from 6.99% to 24.99% depending on your credit score and the loan duration
  • There will be no impact on your credit when you check your rate
  • Your loan gets processed in 24 hours or on the next business day
  • When applying for a loan, you’ll not pay any fee for the processing


Looking for a personal lending company that will send you a loan offer in seconds?  Supermoney is another amazing lender that comprises of multiple lenders. From auto loans, business loans or a student loan, you’ll choose your option.

  • You’ll be able to compare interest rates from many lenders
  • The processing of the loan is fast & free
  • You can get funds for any type of project


Just like other lending companies, CashUSA does not lend directly to you. it is a platform that will connect you to multiple lenders.

  • Loan range is between $500 and $10,000
  • The repayment period is up to 6 years
  • You’ll get your loan in 24 hours

When borrowing a personal loan from CashUSA, you do not have to disclose how you’ll use the money.

Ready to start investing in 2019? Here is an amazing guide


To get a loan from MoneyLion, you’ll have to link your saving account with them. You also need to register with the company to qualify for a loan. These requirements can make you feel as though you are borrowing from your savings account.

  • There is no minimum amount but the maximum loan amount is $500
  • You’ll get your loan on the same day you send in your application
  • The interest rates are very low

MoneyLion would not be the best app for you if you need more than $500. It also sounds unfair to commit your savings when you are actually looking for a personal loan.


SuperMoney offers loan matching services where you’ll get to compare rates from different lenders. When you log into the website you’ll access a list of the available lenders and their rates.  You’ll make the comparison and settle for the one that best suits your needs.

  • You’ll complete your application in minutes
  • Most of the lenders will need your account details, private information, and your employment details.
  • You have to be a US citizen and of legal age.


ForwardLend is another platform that offers the best rates for personal loans from multiple lenders.

The company does not have control over the interest, qualification or loan terms. However, you’ll get your personal loan within 24 hours.

  • Your loan will range between $1,000 and $40,000
  • Your repayment period will be between 3 months and 7 years
  • The interest rate is between 4.84% and 35.99% depending on your loan amount and the repayment period.
  • There is a possibility of paying an origination fee or a missed payment penalty with some lenders.


SignatureLoan is a connection between you and the lenders where you’ll get an unsecured personal loan.

  • The minimum loan amount is $1,000 and the maximum is $35,000
  • The repayment period is between 90 days and 72 months
  • Loan rates will be up to 35.99% maximum.


With LoanStart, you’ll access peer-to-peer loan, personal installment loan, and a bank personal loan. If your credit status is bad, lenders may take some time to respond to your request for a loan.

You also need to know that some lenders will ask for more details than others before you get a loan.

  • The loan rates are between 6.63% and 36%
  • Your loan duration is between 24 months and 60 months
  • The personal loan will range between $1,000 and $35,000


Looking for a platform where you’ll get to choose a lender with the best rates and get your loan in 24 hours? LoanPioneer is a great platform for you as you can borrow from any of the states within the US.

  • The APR range is between 5.99% and 35.99% depending on your credit score, loan amount and your repayment period.
  • You’ll get a loan of up to $5,000
  • Your loan will get processed in 24 hours


The loan you’ll get from FreedomPlus lending company is provided by Cross River Bank, Member FDIC, and Equal Housing Lender.

  • You can borrow between $10, 000 and $40, 000
  • The rates will range from 5.99% to 29.99%
  • You’ll get a personalized loan based on your needs
  • There is no application fee when applying for a loan
  • You don’t need collateral to apply for a loan.

If you have any concern, FreedomPlus has loan consultants that will respond to you live.

Federal Trust

With Federal Trust, you’ll submit your loan request using the form provided on their website. From there, you’ll get matched with the right lender.

There are multiple lenders and you’ll get a chance to choose the one that has the best rates.

  • The loans will range between $1, 000 and $100,000
  • Your loan term will range from 24 months to 84 months
  • The interest rate will be 3.84% or more depending on your repayment period.

The best part regarding Federal Trust is that the website is secure which means your private data is safe.


Lightstream is a branch of Sun Trust Bank and will offer you a loan if your credit score is good or excellent. You also need to have a good source of income and some assets as collateral.

  • The loan range is between $5,000 and $100,000
  • Your loan will get approved fast
  • The interest rates are competitive and will depend on your credit profile, amount, and the loan purpose.
  • Your repayment period will range from 2 years and 7 years
  • The interest rates range between 3.99% and 16.99%

Do you know of other personal loan companies offering good deals and rates in 2019? We’d love to hear from you in the comments below.

Logan Allec, CPA

Logan is a practicing CPA, Certified Student Loan Professional, and founder of Money Done Right, which he launched in July 2017. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.

Back to top  



Your email address will not be published. Required fields are marked *