Top 5 Best Places to Get a Personal Loan in 2021
If you’re in need of a personal loan, it’s important to know where to turn. With so many lenders available, it can be hard to determine which ones are trustworthy and offer the best terms. To help you out, we’ve done some research to bring you the top five best places to get a personal loan in 2021.
1. SoFi
SoFi (short for Social Finance) is a great option for those looking for competitive interest rates and flexible repayment terms. They offer both unsecured and secured personal loans, with loan amounts ranging from $5,000 to $100,000. SoFi also has no prepayment penalties, making it easy for you to pay off your loan early. Plus, they offer unemployment protection in the event that you lose your job.
2. LightStream
Another lender with competitive interest rates is LightStream, with rates as low as 2.49% APR for borrowers with excellent credit. Their loans are unsecured and can be used for a variety of purposes, such as debt consolidation, home improvement, or medical expenses. LightStream also offers a rate beat program, where they’ll beat any competitor’s interest rate by 0.10 percentage points if it meets certain requirements.
3. Marcus by Goldman Sachs
Marcus by Goldman Sachs is known for its easy application process and no fees. They offer unsecured personal loans between $3,500 and $40,000, with repayment terms ranging from three to six years. Marcus also has a mobile app that makes managing your loan convenient and easy.
4. Discover
Discover is a well-known financial institution that offers personal loans with no origination fees, closing costs, or prepayment penalties. Their loans can be used for various purposes, such as home improvement, debt consolidation, or major expenses. Loan amounts range from $2,500 to $35,000, with repayment terms of three to seven years.
5. Rocket Loans
Rocket Loans is a lender that offers easy online application and fast funding, often within the same day. They offer both unsecured and secured personal loans with loan amounts up to $45,000. Rocket Loans also offers a rate beat program, where they’ll beat any competitor’s interest rate by 0.30 percentage points if it meets certain requirements.
In conclusion, when looking for a personal loan, it’s important to do your research and find a reputable lender that meets your needs. With the options listed above, you can be assured that you’ll get competitive rates, flexible repayment terms, and excellent customer service.
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