The best personal loans for good credit have low fixed interest rates and flexible features. Compare loan offers from multiple lenders before you choose.
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Last updated on April 2, 2024
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✅ Fact checked and reviewed
Edited by
✅ Fact checked and reviewed
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Personal loans for good- or excellent-credit borrowers — those with credit scores 690 and above — typically have low interest rates. Many come with perks like free credit monitoring and hardship assistance programs. Generally, the better your credit, the wider pick of lenders you have.
Here are the top lenders offering personal loans for borrowers with good credit.
LendingClub: Best for small loan amounts.
Achieve: Best for multiple rate discounts.
Happy Money: Best for credit card consolidation.
First Tech: Best for joint loans.
LightStream: Best for fast funding.
SoFi: Best for high loan amounts.
Discover: Best for low rates.
Best Egg: Best for secured loans.
Why trust NerdWallet
- 35+ personal loans reviewed and rated by our team of experts.
- 20+ years of combined experience covering personal loans and financial topics.
- Objective, comprehensive star rating system assessing 20+ categories and 70+ data points.
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NerdWallet's personal loans content, including articles, reviews and recommendations, is produced by a team of writers and editors who specialize in consumer lending. Their work has appeared in The Associated Press, USA Today, The New York Times, MarketWatch and many other national, regional and local publications. They have been cited in publications including The Harvard Kennedy School, and appeared on NerdWallet's "Smart Money" podcast as well as local TV and radio.
Why trust NerdWallet
- 35+ personal loans reviewed and rated by our team of experts.
- 20+ years of combined experience covering personal loans and financial topics.
- Objective, comprehensive star rating system assessing 20+ categories and 70+ data points.
- Governed by NerdWallet's strict guidelines for editorial integrity.
NerdWallet's personal loans content, including articles, reviews and recommendations, is produced by a team of writers and editors who specialize in consumer lending. Their work has appeared in The Associated Press, USA Today, The New York Times, MarketWatch and many other national, regional and local publications. They have been cited in publications including The Harvard Kennedy School, and appeared on NerdWallet's "Smart Money" podcast as well as local TV and radio.
NerdWallet’s
Best of Award Winner
Best Personal Loan
Overall
SoFi Personal Loan
5.0
NerdWallet rating
Est. APR
8.99-29.99%
Loan amount
$5,000-$100,000
Min. credit score
None
on SoFi's website
More details
Why our nerds love it
SoFi stands out with competitive rates, no required fees and multiple rate discounts. It offers fast funding, a wide range of loan amounts and terms, plus perks like free financial advice. Read our methodology
Personal Loans for Good Credit: Best of 2024
Lender ▾ ▾ | NerdWallet Rating ▾ ▾ | Est. APR ▾ ▾ | Loan amount ▾ ▾ | Min. credit score ▾ ▾ | Learn more |
|---|---|---|---|---|---|
LightStream + 300 recent visits + 300 recent visits by Visit Lenderon LightStream's website on LightStream's website Check Rateon NerdWallet on NerdWallet View details | 4.5 /5 Best for Good credit and fast funding Rate discount | 6.99-25.49% | $5,000-$100,000 | 660 | + 300 recent visits by Visit Lenderon LightStream's website on LightStream's website Check Rateon NerdWallet on NerdWallet View details |
SoFi Personal Loan + 400recent visits + 400 recent visits by Visit Lenderon SoFi's website on SoFi's website Check Rateon NerdWallet on NerdWallet View details | 2024Best Personal LoanOverall 5.0 /5 Best for Good credit and high loan amounts Rate discount | 8.99-29.99% | $5,000-$100,000 | None | + 400 recent visits by Visit Lenderon SoFi's website on SoFi's website Check Rateon NerdWallet on NerdWallet View details |
Discover® Personal Loans + 300recent visits + 300 recent visits by Visit Lenderon Discover's website on Discover's website Check Rateon NerdWallet on NerdWallet View details | 5.0 /5 Best for Good credit and low rates Fast funding | 7.99-24.99% | $2,500-$40,000 | 660 | + 300 recent visits by Visit Lenderon Discover's website on Discover's website Check Rateon NerdWallet on NerdWallet View details |
LendingClub Check Rateon NerdWallet on NerdWallet View details | 4.5 /5 Best for Good credit and small loan amounts Flexible payments | 8.98-35.99% | $1,000-$40,000 | 600 | Check Rateon NerdWallet on NerdWallet View details |
Achieve Personal Loans Visit Lenderon Achieve's website on Achieve's website Check Rateon NerdWallet on NerdWallet View details | 4.5 /5 Best for Good credit and multiple rate discounts Rate discount | 8.99-35.99% | $5,000-$50,000 | 620 | Visit Lenderon Achieve's website on Achieve's website Check Rateon NerdWallet on NerdWallet View details |
Happy Money Check Rateon NerdWallet on NerdWallet View details | 4.5 /5 Best for Good credit and credit card consolidation Fast funding | 11.72-17.99% | $5,000-$40,000 | 640 | Check Rateon NerdWallet on NerdWallet View details |
First Tech Credit Union Personal Loan Check Rateon NerdWallet on NerdWallet View details | 5.0 /5 Best for Good credit and joint loans | 8.99-18.00% | $500-$50,000 | 660 | Check Rateon NerdWallet on NerdWallet View details |
Best Egg Visit Lenderon Best Egg's website on Best Egg's website Check Rateon NerdWallet on NerdWallet View details | 4.5 /5 Best for Good credit and secured loans Secured loans Wide range of loan amounts | 8.99-35.99% | $2,000-$50,000 | 600 | Visit Lenderon Best Egg's website on Best Egg's website Check Rateon NerdWallet on NerdWallet View details |
» MORE: Personal loans for excellent credit
NerdWallet's guide to good-credit personal loans
A good credit score often means lower annual percentage rates and more favorable terms on personal loans. Most loans are unsecured, meaning you don't have to put up collateral like your car or savings; instead, lenders evaluate applicants' ability to repay by considering factors like credit, debt and income.
This guide will help you compare and choose the best personal loans for good credit.
How to choose a personal loan
A good credit score could get you loan offers from multiple lenders. Consider these factors to choose the right loan for your plans:
Compare rates across lenders: If you’re someone with either good or excellent credit, it pays to shop for the best combination of low rates and fees. Most online lenders let you pre-qualify to check rates without affecting your credit.
Loan amount: The amount of money you could receive with a personal loan ranges from about $1,000 to $50,000, though some lenders offer up to $100,000. The amount you request from a lender may factor into their decision to qualify you, so carefully consider how much you need.
Loan purpose: A benefit of personal loans is you can use the money for almost any reason. Common uses are to pay off high-interest credit cards or for home improvements, and rates can vary based on the loan purpose.
Loan term: Personal loans generally have terms from two to seven years, though some lenders offer extended terms for specific purposes like home improvement. A shorter loan term means you'll pay less total interest on the loan; a longer term lowers your monthly payments.
Loan features: Some lenders have mobile apps where you can track your loan and manage monthly payments. Others offer flexible payment schedules or payment assistance programs. If you’re consolidating your debt, some lenders will send your loan proceeds directly to your creditors, saving you an important step in paying off debt.
Additional benefits: Take advantage of benefits like free credit score monitoring and financial planning resources that your lender may offer.
» MORE: 5 features to look for in a personal loan
What are rates on good-credit loans?
The APR you receive on a personal loan depends significantly on your credit score. The better your score, the lower your rate and the less interest you'll pay over the life of the loan.
The interest rate also affects your total monthly payment. Use our personal loan calculator to estimate your monthly payments based on your credit score.
Here is what interest rates on personal loans look like, on average:
Borrower credit rating | Score range | Estimated APR |
Excellent | 720-850. | 12.37%. |
Good | 690-719. | 14.87%. |
Fair | 630-689. | 18.40%. |
Bad | 300-629. | 21.93%. |
Source: Average rates are based on aggregate, anonymized offer data from users who pre-qualified through NerdWallet from April 1, 2024, through April 30, 2024. Rates are estimates only and not specific to any lender. The lowest credit scores — usually below 500 — are unlikely to qualify. Information in this table applies only to lenders with maximum APRs below 36%.
» MORE: Compare best personal loan rates
Where to get a personal loan with good credit
Good-credit borrowers can get a personal loan from online lenders, credit unions or banks.
Online lenders
An online lender will let you pre-qualify, apply and manage the loan from your computer or phone. Good- and excellent-credit borrowers tend to get the best rates and features, so pre-qualifying with multiple lenders and comparing offers is a good idea.
» MORE: Best online loans
Credit unions
Local or national credit unions may offer lower interest rates and more flexible terms than other lenders. You typically have to be a member to borrow from a credit union.
» MORE: How to get a credit union personal loan
Banks
Banks offer personal loans to existing account holders, often at low rates. Bank customers can also benefit from rate discounts and a streamlined online application process.
» MORE: Best bank loans
Next step: Pre-qualify for a personal loan
You can pre-qualify on NerdWallet and compare offers from lenders that partner with us. Pre-qualifying will not affect your credit score.
PRE-QUALIFY ON NERDWALLET
Last updated on April 2, 2024
Methodology
NerdWallet’s review process evaluates and rates personal loan products from more than 35 technology companies and financial institutions. We collect over 50 data points from each lender and cross-check company websites, earnings reports and other public documents to confirm product details. We may also go through a lender’s pre-qualification flow and follow up with company representatives. NerdWallet writers and editors conduct a full fact check and update annually, but also make updates throughout the year as necessary.
Our star ratings award points to lenders that offer consumer-friendly features, including: soft credit checks to pre-qualify, competitive interest rates and no fees, transparency of rates and terms, flexible payment options, fast funding times, accessible customer service, reporting of payments to credit bureaus and financial education. Our ratings award fewer points to lenders with practices that may make a loan difficult to repay on time, such as charging high annual percentage rates (above 36%), underwriting that does not adequately assess consumers’ ability to repay and lack of credit-building help. We also consider regulatory actions filed by agencies like the Consumer Financial Protection Bureau. We weigh these factors based on our assessment of which are the most important to consumers and how meaningfully they impact consumers’ experiences.
NerdWallet does not receive compensation for our star ratings. Read more about our ratings methodologies for personal loans and our editorial guidelines.
NerdWallet's Personal Loans for Good Credit: Best of 2024
- LendingClub: Best for Good credit and small loan amounts
- Achieve Personal Loans: Best for Good credit and multiple rate discounts
- Happy Money: Best for Good credit and credit card consolidation
- First Tech Credit Union Personal Loan: Best for Good credit and joint loans
- LightStream: Best for Good credit and fast funding
- SoFi Personal Loan: Best for Good credit and high loan amounts
- Discover® Personal Loans: Best for Good credit and low rates
- Best Egg: Best for Good credit and secured loans
Frequently asked questions
What is a good credit score for a personal loan?
Good credit scores on the FICO credit scale are between 690 and 719. The credit score you need for a personal loan can vary by lender and the reason you're borrowing. The best personal loan rates and terms are reserved for those with good and excellent credit.
How do I get a personal loan with good credit?
Lenders favor borrowers with good and excellent credit scores (above 689). Lenders also consider your debt-to-income ratio on a loan application. When you're ready to apply for a personal loan, compare multiple lenders and pre-qualify to make sure you're getting the best rates and terms available.
