Thinking of obtaining a personal loan fast? Need as high as $50k to $100k urgently within minutes with no credit card check? or just need a personal loan with low interest rates and no hidden fees? In this article we will be showing our picks of the best personal loans 2025 tailored for your needs to choose from.
Apply now from any of our picks of best personal loans 2025 and get approved in minutes. But first let us enlighten you more on personal loans.
What is a Personal Loan?
A personal loan is a type of installment loan that allows you to borrow a fixed amount of money from a lender and make fixed monthly payments until the term ends. Terms can range from just a few months to up to several years.
What Can a Personal Loan be Used For?
Personal loans have flexible uses. You may need a personal loan to consolidate debt, pay for a wedding, complete home improvement projects or cover emergency expenses, such as medical bills, car repairs and funeral costs.
What are the different types of Personal Loans?
There are several different types of personal loans and the best type for you depends on your needs. Unsecured personal loans are the most common type and don't require collateral to access money. Secured personal loans are less common but include options like credit-builder loans that allow people to build credit. Debt consolidation loans are personal loans that you use for paying off multiple debts. Two other options—payday loans and title loans—are last resorts that you should aim to avoid due to high fees and the risk of falling into a cycle of debt.
List of Top 5 Best Personal Loans
SoFi: Best for Large Amounts
Est. APR 8.99 - 29.99%
Term 24 - 84 mo
Loan amount $5,000 - $100,000
Why SoFi?
With a $100,000 limit, SoFi personal loans are best suited for those who need to borrow more than what most other lenders are willing to offer. The minimum loan amount is $5,000, and you can repay the loan over two to seven years.
There are no-fee options available. Pay a one-time fee for a lower interest rate. You can even get same-day funding, depending on when your loan is approved. The lender's interest rates are competitive with low fixed rates.
Loan details
Personal Loans with low fixed rates
Borrow up to $100,000
No Origination Fees Required, No Prepayment Penalties, and No Late or Overdraft Fees
Simple online application with live support 7 days a week
Apply Now
Pros
Large loan amounts
Offers prequalification
Same-day funding
Cons
Doesn't disclose a minimum credit score
High minimum loan amount
LendingPoint: Best for Fast Funding
Est. APR 7.99 - 35.99%
Term 24 - 48 mo
Loan amount $2,000 - $30,000
Why LendingPoint?
LendingPoint is an online lender that offers fast funding on loans for borrowers with fair credit. Your funds can be available in as quick as the next business day after approval. Loan sizes range from $2,000 to $30,000 and you can repay the loan in two to six years.
Loan details
Loans from $2,000 to $36,500 and no prepayment penalties
Rates from 7.99% to 35.99% APR
Check your rate without impacting your credit score
Simple online application
Funds available as soon as the next business day upon approval
LendingPoint's innovative technology allows them to understand the individual creditworthiness of every applicant
Terms from 24 - 72 months
Fixed monthly payment and simple interest
LendingPoint has thousands of five-star reviews on Trustpilot
LendingPoint has an A+ rating from the Better Business Bureau
Pros
Accessibility for fair-credit borrowers
Quick loan funding
Prequalification with no hard credit check
Cons
Potentially high interest rate
May charge an origination fee
Not available in Nevada or West Virginia
Prosper: Best Personal Loan for Excellent Credit
8.99 - 35.99%
Term 24 - 60 mo
Loan amount $2,000 - $50,000
Why Prosper?
Prosper is a peer-to-peer lending system that connects borrowers with investors and collects a fee for its service. A Prosper personal loan can be as small as $2,000 and go up to $50,000. Repayment terms range from 24, 36, 48 or 60 months and there's no prepayment penalty. It can take one to three business days for your funds to become available after approval.
While there's no application fee, you'll need to account for an origination fee. Prosper loans also don't have a grace period, so interest starts accruing right away.
Loan details
More than $25 billion loans funded
Join America's first personal loan marketplace with over 1 million members
Next Day Funding - In as Little as One Business Day**
Get fixed monthly payments with no prepayment penalties
Pros
Completely online process
Can apply with a cosigner
Clear qualification requirements
Cons
Has an origination fee
High maximum interest rate
No grace period
Upgrade: Best for Small Amounts
Est. APR 7.99 - 35.99%
Term 36 - 60 mo
Loan amount $1,000 - $50,000
Why Upgrade?
An Upgrade personal loan can be as small as $1,000, making it worth considering if your borrowing needs are too low for other lenders' minimums. Upgrade's loan limit is $50,000, and you can pay back the debt over two to seven years. Funding can occur as soon as the day after approval.
One major drawback to Upgrade is its origination fee, which is deducted from the loan proceeds. The lender's interest rates are competitive but can be high if your credit is less than stellar.
Loan details
Affordable loans from $1,000 - $50,000 with low fixed rates that will never change, affordable monthly payments, and no prepayment penalties
Quick online application -- get pre-approved in just minutes
Checking your rate won't impact your credit score
Review multiple loan options so you can pick the amount and term that fits your budget and timeline
With automatic payments and a customizable due date, managing your account is easy and you'll be able to circle the date on your calendar when you'll be debt free
Pros
Low loan amounts
Offers prequalification
Quick funding
Cons
High origination fee
Doesn't disclose a minimum credit score
Happy Money: Best for Debt Consolidation
Est. APR 8.99 - 17.49%
Term 24 - 60 mo
Loan amount $5,000 - $40,000
Why Happy Money?
Offered by Happy Money, the Payoff personal loan is specifically designed for credit card debt consolidation. Loans range from $5,000 to $40,000, with repayment terms from two to five years.
Borrowers are charged an origination fee depending the your loan amount, repayment term and their creditworthiness. There are no other fees on the loan, however. Funding typically takes between two and five business days, but if you want Happy Money to make a direct payment to your credit card issuers, it can take longer.
Loan details
Est. APR 8.99 - 17.49%
Quickly check your rate without affecting your credit score
No prepayment, late, or check-processing fees
Pros
Can make a direct payment to your credit card issuer
Available for borrowers with credit scores as low as 550
Offers prequalification
Cons
High minimum loan amount
Charges an origination fee
Borrowers can't use loan funds for anything other than credit card consolidation