Best apr loans

The best personal loan helps you reach your financial goals, whether you use it to fund home improvements or consolidate your debt. When comparing loans, a primary consideration is the interest rate. The loan with the lowest annual percentage rate for a given loan term is the least expensive — and usually the best choice. But other features, including no fees, soft credit checks and whether lenders directly pay creditors if you’re consolidating debt, set some loans apart.

To guide your choice, we at NerdWallet checked our personal loan reviews and chose our picks for the best in three categories. We always recommend that borrowers compare rates from multiple lenders before making a choice.

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Best personal loans for good credit

Best personal loans for bad credit

Best personal loans for debt consolidation

Best personal loans for good credit

Borrowers with good to excellent credit scores (690 and above) may have their pick of lenders. Those on our list of best lenders have low rates and typically no fees. SoFi offers high loan amounts, up to $100,000, while Marcus has flexible loan terms, letting borrowers choose their monthly payment amounts and loan terms.

Borrowers with good to excellent credit scores (690 and above) may have their pick of lenders. Those on our list of best lenders have low rates and typically no fees. SoFi offers high loan amounts, up to $100,000, while Marcus has flexible loan terms, letting borrowers choose their monthly payment amounts and loan terms.

Best personal loans for bad credit

Borrowers with troubled credit histories are more likely to qualify with lenders that accept bad to average credit (300-689). The best lenders consider factors beyond your credit score and offer flexibility if you miss a payment, for example, or need help building credit.