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Best Personal Loans 2024: Get The Top List Here

Get the top list of personal loans of 2024 with competitive rates and flexible terms and compare options to find the perfect fit for your financial needs.

by P Nandhini

Updated Apr 24, 2024

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Best Personal Loans 2024: Get The Top List Here

Best Personal Loans 2024

Looking for the best personal loan can be overwhelming, but understanding the basics will help you make the right choice. Personal loans are a way to borrow cash from a bank, online lender, and credit union. You will get a sum of the amount that you use for nearly anything, like paying off debt, covering unexpected expenses, and making home improvements.

The money you can borrow usually ranges from $1,000 to $100,000, depending on the moneylender and creditworthiness. Some lenders will offer loans for particular purposes, like debt solidification or home renovations, whereas others give you more adaptability in how you use the funds. Look at factors like the interest rate, fees, and repayment terms to find the best choice for your needs when comparing personal loans.

The following table shows some of the best personal loans in 2024:

Company APR Range Loan Amounts Minimum Credit Score
SoFi 8.99% - 29.99% $5,000 - $100,000 650
LightStream 6.99% - 25.49% $5,000 - $100,000 660
LendingPoint 7.99% - 35.99% $2,000 - $36,500 600
Upgrade 8.49% - 35.99% $1,000 - $50,000 580
Universal Credit 11.69% - 35.99% $1,000 - $50,000 580
Discover 7.99% - 24.99% $2,500 - $40,000 660
Upstart 7.80% - 35.99% $1,000 - $50,000 300
Avant 9.95% - 35.99% $2,000 - $35,000 580
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Top 5 Best Personal Loans 2024


SoFi gives personal loans with loan amounts ranging from $5,000 to $100,000 and APRs between 8.99% and 29.99%. They're known for giving high loan amounts and competitive rates, making them the best choice for borrowers with great credit.


LightStream is popular for its low-interest rates, starting at 6.99% and going up to 25.49%. They give loan amounts ranging from $5,000 to $100,000, making them reasonable for different financial needs. LightStream is a perfect personal loan for borrowers with strong credit profiles.


LendingPoint specializes in fast funding and serves borrowers with below-average credit. Their APRs range from 7.99% to 35.99%, with loan amounts between $2,000 and $36,500. This lender is a great option for those who need quick access to funds despite having less-than-perfect credit.


Upgrade caters to borrowers with bad credit, offering loan amounts from $1,000 to $50,000 and APRs between 8.49% and 35.99%. Whereas their rates may be higher, the upgrade allows people with lower credit scores to access financing.

Universal Credit

Universal Credit is known for its ability to offer borrowers multiple loan offers. They give loan amounts ranging from $1,000 to $50,000 and APRs between 11.69% and 35.99%. Universal Credit gives a convenient platform for borrowers to explore their choices and find the best loan for their needs.

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How to Compare Personal Loans?

  • Figure out how much money you need and what you are going to use it for before comparing loans. This will help you to narrow down your choices and find a loan that suits your particular needs.
  • Your credit score affects the loans you qualify for and the interest rates you get. Review your credit report and score before applying for loans. If you have good credit, you'll have more choices and better rates.
  • Look at the interest rates offered by different lenders. Lower rates mean you'll pay less in interest over the life of the loan. Select a lender with competitive rates that fit your budget.
  • Some lenders charge fees like origination fees, late payment fees, or prepayment penalties. These fees can add to the cost of your loan, so make sure to figure them into your decision.
  • Check the repayment terms offered by each lender. This includes the length of the loan and the monthly payments. Select a loan with repayment terms that you can comfortably afford.
  • Look for reviews and feedback from other borrowers to get an idea of the lender's customer service and reputation. A lender with positive review is more likely to give a good experience.
  • Consider extra features like flexible repayment options, the ability to prequalify without affecting your credit score, or the option to choose your loan term. These features can make the borrowing process simple and more convenient.
  • By comparing these features, you can find the best personal loan for your needs and financial situation.
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