Top 5 Best Personal Loans for Debt Consolidation in 2021

Introduction

Debt consolidation is a useful financial tool that combines multiple debts into one manageable payment with a lower interest rate. Taking out a personal loan for debt consolidation can help reduce the stress of overwhelming debt. However, with so many personal loan options on the market, it can be difficult to choose which one is right for you. In this article, we will review the top 5 best personal loans for debt consolidation in 2021.

Best Personal Loans for Debt Consolidation

1. SoFi Personal Loans

SoFi personal loans are a great choice for those looking to consolidate debt. They offer low interest rates, no origination fees, and a variety of repayment terms to fit any budget. SoFi personal loans also come with unemployment protection, which allows borrowers to temporarily pause payments if they lose their job.

2. LightStream Personal Loans

LightStream personal loans are a great option for those with excellent credit. They offer low interest rates and many repayment terms to fit any budget. Additionally, LightStream offers a rate beat program to guarantee that they offer the lowest rate available to those who qualify.

3. Marcus Personal Loans

Marcus personal loans offer competitive rates and no fees. They also offer a variety of repayment terms and a personalized payment plan that allows borrowers to choose their due date. Marcus personal loans also have a user-friendly website and mobile app that make managing payments easy.

4. Best Egg Personal Loans

Best Egg personal loans offer fast funding and competitive rates. They also offer a variety of repayment terms and a simple application process. Best Egg personal loans also have a user-friendly website and mobile app that make managing payments easy.

5. Avant Personal Loans

Avant personal loans are a good option for those with less than perfect credit. They offer competitive rates and a quick and easy application process. Avant personal loans also have a mobile app that allows borrowers to easily manage their payments.

Conclusion

In conclusion, finding the right personal loan for debt consolidation can be a daunting task, but it doesn’t have to be. SoFi, LightStream, Marcus, Best Egg, and Avant are all reliable options for debt consolidation. When choosing a personal loan, be sure to compare interest rates, fees, and repayment terms to find the right fit for your financial situation. Remember, the goal of debt consolidation is to simplify payments, reduce interest rates, and ultimately, pay off your debt faster.