If you’re looking for the best personal loans of 2022 and beyond, we’ve got some important information for you. As a dedicated personal finance blog, we thought it may be helpful if we compiled a list of the best personal loans for debt consolidation, home improvement, financing large purchases, paying off credit cards, and more.
No matter what your personal finance needs are, it may be helpful to know that there are personal loans out there that may be beneficial to you. So if you’re looking to consolidate debt, make home improvements, or just need some extra cash, check out our list of the best personal loans of 2022 and beyond.
Personal loans are a great way to get access to the money you want without having to put up collateral such as a home or business. And with so many lenders offering personal loans, it’s easy to find one that fits your needs.
So whether you’re looking for the best personal loan rates or the personal loans of 2022 with the lowest fees, you’ll want to read on. Read on to learn more about the best personal loans of 2022 and beyond.
What are the best personal loans of 2022?
If you’re looking for the best personal loan of 2022, there are some things you should consider. First, think about what you’ll be using the personal loan for. Some loans are better for specific purposes than others.
For example, if you’re consolidating debt, you’ll want to look for a loan with a low-interest rate. On the other hand, if you’re financing a home improvement project, you may be more concerned with getting a loan with no prepayment penalties.
Once you know how you’ll use the loan, compare offers from multiple lenders. Be sure to compare things like interest rates, fees, and repayment terms.
And don’t forget to read the fine print when applying for a personal loan. Some personal loans could come with different fees or penalties, so of course, it’s wise to understand all the personal loan terms and conditions before you apply for a personal loan online or in person.
Now that you know what to look for, let’s take a closer look at some of the best personal loans of 2022.
Best Personal Loans of 2022 and Beyond:
1. SoFi Personal Loans: Best Overall
If you’re looking for the best overall personal loan, look no further than SoFi. SoFi personal loans generally have competitive interest rates, and flexible loan terms and they offer varying personal loan amounts. These features may make Sofi personal loans a good choice for borrowers of all types.
SoFi also offers certain personal loans with no origination fees or prepayment penalties, which may make SoFi a great choice for borrowers who want to save money on their personal loan.
2. Marcus by Goldman Sachs: Best for Debt Consolidation
If you’re looking to consolidate debt, Marcus by Goldman Sachs is a great option. Marcus offers competitive rates and flexible repayment terms, making it easy to pay off your debt.
And with no fees whatsoever, Marcus is a great choice for borrowers who want to save money on their loan.
3. Prosper: Best for Home Improvement Projects
Prosper is a great choice for borrowers who are looking to finance a home improvement project. With Prosperpersonal loans, you may be able to find a fixed-rate loan without origination fees or prepayment penalties.
And with loan amounts up to $40,000, Prosper can help you finance even the largest home improvement projects.
4. LendingClub: Best for Bad Credit
If you have bad credit, LendingClub is a great option. LendingClub provides personal loans to borrowers with credit scores as low as 600. And with rates starting at 5.99%, LendingClub is a great choice for borrowers who need a loan but don’t have great credit.
5. Upstart: Another Great Personal Loan Option
If you’re looking for a personal loan, Upstart personal loans may be a great option. Upstart offers loans with rates as low as 5.99% and terms of up to 7 years.
And with no origination fees or prepayment penalties, Upstart is a great choice for borrowers who want to save money on their loan.
6. Avant: Best for Flexible Repayment Terms
If you need flexibility when it comes to repayment, Avant is a great option. Avant personal loans currently offer repayment terms of 2 to 5 years, so you can choose a repayment term that fits your monthly budget.
Additionally, specific Avant personal loans currently do not have any origination fees or prepayment penalties, so you may be able to reduce the overall cost of your personal loan.
7. OneMain Financial: Best for Loan Amounts
If you need a large loan, OneMain Financial is a great option. OneMain offers loans of up to $40,000, so you can borrow the money you need.
And with rates starting at 9.95%, OneMain is a great choice for borrowers who need a large loan but don’t have great credit.
8. PenFed Credit Union: Best for Low Rates
If you’re looking for a low-rate personal loan, PenFed Credit Union is a great option. PenFed offers rates as low as 3.99% APR on personal loans.
9. Navy Federal Credit Union: Best for Military Members
If you’re a military member, Navy Federal Credit Union is a great option for personal loans. Navy Federal offers rates as low as 4.25% APR on personal loans.
10. Wells Fargo: Best for Good Credit
If you have good credit, Wells Fargo is a great option for personal loans. Wells Fargo offers rates as low as 5.99% APR on personal loans.
11. Payoff Personal Loans
Payoff debt consolidation programs offer borrowers the option of having one single payment by consolidating credit card debt and that could possibly lead to paying off your credit card debt faster
12. UpGrade Personal Loans:
UpGrade personal loans have become very popular for consumers who are looking to consolidate their and payoff their high-interest credit cards, high-interest loans, and other high-interest debt they may have
There are a lot of great personal loan options out there for borrowers of all types. So whether you’re looking for the best rates, the best terms, or the best loan amounts, there’s a personal loan out there that’s right for you. If you’d like to compare personal loans, check out the personal loan comparison table below or visit our personal loan comparison page.
Personal Loan APR*
Personal Loan Terms*
Lavish Financial Match
Monevo Personal Loans
*Image above and button on right link to customized personal loan offer form.