5 Best Personal Loans Companies Of 2018

Looking for a personal loan? Compare our list of the leading personal loan marketplaces and providers of 2018, ranked by ease of application, time in business, number of partner lenders, required credit score, APR ranges, and industry reputation and accreditations.

2018 Best Personal Loans Services in America

2018's Top 5 Personal Loans Services

1
Overall Rating

4.9

Overall
Rating
4.9

EVEN Financial

  • 100% free service
  • Connects borrowers to five or more lenders through an algorithm-based loan network
  • Helps compare rates easily
  • Gives consumers access to top lenders like Upstart/Lending Club/Prosper/OneMain Financial/more
  • Has extra tools such as debt financing calculator
2
Overall Rating

4.8

Overall
Rating
4.8

Upgrade

  • Quick and easy one-page application (get a decision in seconds) with no negative impact on your credit score
  • No prepayment fees
  • Loans up to $50000
  • Competitive fixed-rate loans
  • Value added services like free credit monitoring and alerts
3
Overall Rating

4.7

Overall
Rating
4.7

SoFi

  • Offers student loans/mortgages/personal loans
  • No origination fees/closing costs/prepayment penalties
  • Competitive rates
  • Offers career counseling/job services/resources
  • Access to exclusive SoFi networking events
4
Overall Rating

4.5

Overall
Rating
4.5

LendingTree Personal Loans

  • Easily receive up to 5 personal loan offers in minutes
  • Trusted online marketplace with multiple options from different lenders
  • Rates from 5.66% APR
  • Loan amounts from $1,000 to $35,000
5
Overall Rating

4.2

Overall
Rating
4.2

OneMain

  • 1700 local branches in 44 states
  • Sign up process is online or in person
  • Highly competitive rates
  • Years of experience

Repair Your Credit Reports

With a top-ranked credit repair service you get:
  • credit-reportEasy-to-read credit reports and personalized score insights
  • tool-tipTools & tips to help you understand your score and take the next step
  • timerFree credit monitoring that can help you spot potential identity theft

Taking out a personal loan is an important decision that should not be taken lightly. Perhaps you plan on using it to pay for your education, home maintenance, or even to pay off your debts. (For more information on personal loans, check out our Complete Guide To Personal Loans.

Before you take out a personal loan, ensure that you receive the best possible terms by looking for the following.

Transparency

When you are searching for information on personal loans, you want to look for a company that provides important information upfront. Many companies have a loan calculator to help you find your interest rate based on your financial situation, while your loan terms and ranges can be easily found by filling out a short application form or calling the company directly.

A few companies that excel in this regard include SoFi, OneMain, Upstart, FreedomPlus, LendingTree, and LendingClub.

Pricing And Fees

Because many of these loans are peer-to-peer (P2P) lending through a loan network, some loan companies have interest rates that go as high as 36%. Personal loan companies with lower interest rates ranging include SoFi (5.70% - 14.24%), FreedomPlus (4.99% - 29.99%), and Upstart (9.48% - 29.99%).

Time In Business

Longevity in the personal loan industry is always a good sign. Some of the longer running personal loan companies include SoFi (since 2011), Upstart (since 2012), LendingTree (since 1996), and LendingClub (since 2006).

Customer Service and Reviews

Check reviews to determine if a company and their customer service is right for you. The BBB, Yelp, Trustpilot, and Google reviews are good places to find the answers to the following:

  • Can this company be easily contacted by phone, email, or live chat 24/7?
  • Do they respond quickly to any questions or concerns I may have?
  • Will they keep me updated during the process?

SoFi, FreedomPlus, Even Financial, LendingTree (since 1996), and LendingClub (since 2006) all have widely positive reviews.

Your Own Personal Credit History

This last factor depends on you. Whether or not you have excellent or poor credit determines what type of loans you qualify for. The higher your credit score, the lower your interest rates will be (and vice versa).

Need some recommendations? Here are our top picks for those with good and bad credit:

The Best Personal Loans For Good Credit The Best Personal Loans For Bad Credit