Best Personal Loans for Good Credit in 2025

Most products on this page are from partners who may compensate us. This may influence which products we write about and where and how they appear on the page. However, opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain. This page may include information about American Express products currently unavailable on Slickdeals. American Express is not a partner of Slickdeals.

Having good credit is something you've likely worked hard for, and it pays off when you're in need of a personal loan. When you have good credit, you'll qualify with more lenders and can secure a more competitive rate than an applicant with fair or bad credit. In fact, you may even qualify for a lender's lowest advertised rate.

That said, since rates and terms vary by lender, it's wise to shop around to find the option that best matches your needs. Keep reading to learn how to choose a personal loan as a good credit borrower. We've also compiled a list of some of the best personal loans for good credit to jumpstart your search.

What is Considered Good Credit?

iStock

What a good credit score is varies based on the credit model a lender uses. According to the widely-used FICO® credit scoring model, good credit sits between 670 and 739.

FICO scores generally range from 350 to 850. The higher your score, the better your credit. Below is a look at the typical FICO credit scoring range:

• Very poor: 350 to 579
• Fair: 580 to 669
• Good: 670 to 739
• Very Good: 740 to 799
• Excellent: 800 to 850

Average Rates on Good Credit Loans

The average rate for a good-credit personal loan ranges from 13.50% to 19.90%, according to the latest data from Bankrate.

Here's what the highest average rate looks like based on different credit score ranges, according to the same data.

Best Personal Loans for Good Credit

Many lenders prefer borrowers with good credit, so you have quite a few options to choose from. We've helped you narrow down your choices below with our list of the best good credit loans to consider:

• Best for Large Loan Amounts: SoFi
• Best for Fast Funding: LightStream
• Best for Consolidating Credit Card Debt: Happy Money
• Best for Small Loan Amounts: PenFed Credit Union
• Best for Competitive Rates: Axos Bank

_{Loan results will vary based on creditworthiness, loan purpose, loan amount, and other factors.}

Best for Large Loan Amounts: SoFi

SoFi offers personal loans up to $100,000 and no fees; it could be a good fit for an applicant seeking a large loan amount.

SoFi Personal Loans

Check Your Rate

• Loan Amounts$5,000 – $100,000
• Loan Terms24 – 84 months
• APR Range8.99% – 24.18%
• Minimum
  Credit Score680 or above More Info

  A credit score is used to indicate the creditworthiness of an applicant, but it is only one of several factors considered for approval. These credit scores alone are not guarantees for approval and should only be used as guidelines.

SoFi's personal loan offering comes with no fees required and a high loan maximum that may be a good fit for those seeking large loans.

• Overview
• Pros & Cons

Overview

SoFi offers a competitive personal loan product that boasts no origination fees, no late fees, and a high maximum loan amount of $100,000. SoFi is one of only a handful of lenders offering loans as large as $100,000. If you need a substantial loan to cover a considerable expense, like a home renovation, SoFi’s high maximum can be a strong option. One standout feature of SoFi is that it offers unemployment protection, which might allow you to pause payments if you lose your job. Same-day funding is also available for qualified borrowers

Pros

• No origination fees, no prepayment penalties and no late fees
• Loans up to $100,000
• Unemployment protection available
• Autopay rate discounts
• Co-borrower allowed
• Same-day funding available

Cons

• No physical branches
• High minimum loan amount
• Good credit likely required

Best for Fast Funding: LightStream

Borrowers who need funds for an emergency can turn to LightStream, which can deposit funds as soon as the same day after approval.

LightStream

Check Your Rate

• Loan Amounts$5,000 – $100,000
• Loan Terms24 – 144 months
• APR Range7.99% – 25.49% (with autopay)
• Minimum
  Credit Score660 or above More Info

  A credit score is used to indicate the creditworthiness of an applicant, but it is only one of several factors considered for approval. These credit scores alone are not guarantees for approval and should only be used as guidelines.

LightStream is a solid online lender offering no fees, high loan maximums and low-rate personal loans for several purposes.

• Overview
• Pros & Cons

Overview

LightStream offers personal loans for several purposes, including debt consolidation, medical expenses, home improvement, weddings, car purchases and more, making this worth considering for those seeking flexibility. The lender offers relatively low rates compared to competitors, including autopay discounts. Its personal loans also have no origination fees or late fees, which can help keep borrowing costs low. However, borrowers will likely need to have good-to-excellent credit in order to be approved for a LightStream personal loan. Overall, it’s a good lender to add to your shortlist if you’re looking for flexible funding, no fees and a low APR. Lightstream may also disburse loans as soon as the same day you’re approved, making this lender a worthy choice if you need fast funding.

Pros

• Low minimum APR
• No origination fees, no late fees
• High loan maximum of $100,000
• Autopay discount
• Joint applications allowed

Cons

• Rates and terms vary by loan purpose
• No soft pull prequalification
• Must have good-to-excellent credit
• No physical branches

Best for Consolidating Credit Card Debt: Happy Money

Those looking to consolidate credit card debt may appreciate the fact that Happy Money can send payments directly to their credit card issuer.

Happy Money

Check Your Rate

• Loan Amounts$5,000 – $40,000
• Loan Terms24 – 60 months
• APR Range11.52% – 24.81%
• Minimum
  Credit Score640 or above More Info

  A credit score is used to indicate the creditworthiness of an applicant, but it is only one of several factors considered for approval. These credit scores alone are not guarantees for approval and should only be used as guidelines.

Happy Money can help pay off and consolidate credit card debt into one fixed monthly payment.

• Overview
• Pros & Cons

Overview

Happy Money, formerly known as Payoff, offers loans for credit card debt payoffs. Eligibility is clearly stated online, so borrowers will appreciate the transparent criteria. Borrowers have the option to have Happy Money deposit funds directly to their credit cards to help streamline the payoff process. Funding can take between three to six business days, which is longer than other lenders, but still considered a decent turnaround time.

Personal loans are accessible to borrowers with fair credit, and there are no options for co-signers or joint applicants. Unfortunately, the loans are not available in Massachusetts or Nevada, so borrowers will need to look elsewhere for lending options.

Read More

Pros

• No late fees
• Direct payment to creditors
• Prequalification with no hard credit check
• All loans come with a hardship payment protection plan

Cons

• Most loans can only be used to pay off credit card debt
• Has origination fees
• High loan minimum
• No joint or co-signed loans
• Not available in all states
• Funding slower than other lenders

Best for Small Loan Amounts: PenFed Credit Union

If you only need to take out a small loan, Penfed can be a good fit because of their low minimum loan amount, which starts at just $600.

PenFed Credit Union

Check Your Rate

• Loan Amounts$600 – $50,000
• Loan Terms12 – 60 months
• APR Range7.74% – 17.99%
• Minimum
  Credit Score700 or above More Info

  A credit score is used to indicate the creditworthiness of an applicant, but it is only one of several factors considered for approval. These credit scores alone are not guarantees for approval and should only be used as guidelines.

PenFed offers no fees and small personal loans as low as $600.

• Overview
• Pros & Cons

Overview

While you will need to become a PenFed member if you decide to get a personal loan there, anyone can apply for membership and the process is quick and simple. Many lenders have relatively high minimum loan amounts, but PenFed offers loans as small as $600, with no origination fees and competitive APRs. If you’d like to view personal loan rates with PenFed, you can do so without impacting your credit score.

Pros

• Pre-qualification is available
• No origination fee, hidden fees or prepayment penalties
• Borrow as little as $600
• Allows co-borrower
• Funding as early as 1-2 business days after approval

Cons

• Must be a member to receive the loan
• No option for direct payment to creditors for debt consolidation

Best for Competitive Rates: Axos Bank

Axos Bank is an online bank that offers competitive-rate personal loans that can be used for many purposes, including debt consolidation, home improvements and weddings.

Axos Personal Loans

Check Your Rate

• Loan Amounts$7,000 - $50,000
• Loan Terms36 - 72 months
• APR Range7.99%-14.99%
• Minimum
  Credit Score700 or above More Info

  A credit score is used to indicate the creditworthiness of an applicant, but it is only one of several factors considered for approval. These credit scores alone are not guarantees for approval and should only be used as guidelines.

Axos offers personal loans with impressively low APRs and quick funding within 2 days of accepting a loan agreement.

• Overview
• Pros & Cons

Overview

Axos personal loans are available in all 50 U.S. states, and borrowers benefit from flexible loan amounts and terms, as well as an impressively low APR range. Loan funds may also be available within two days of approval. While this lender’s personal loans have their perks, its minimum credit score requirement is 700 and its minimum loan amount is quite high. Given this, it’s best for borrowers with very good or excellent credit who are seeking a larger loan.

Pros

• Flexible repayment terms
• Relatively low APRs
• Funds disbursed within 2 days of accepting loan offer

Cons

• High minimum loan amount
• High minimum credit score requirement
• Four years of established credit history required

Factors That Lenders Consider

Although your credit score is essential, it's not the only factor lenders consider.

To qualify for a personal loan, you must also meet other eligibility requirements, such as:

• Income. Lenders typically require you to prove you have sufficient income to repay the loan.
• Debt-to-income. Your debt-to-income (DTI) measures your gross monthly income in relation to your monthly debts. If your DTI is too high, it could indicate to a lender that you're stretched financially. As a result, you may have trouble getting approved for a personal loan, even with good credit.
• Documentation. Most lenders require you to share financial documents, like W-2s, tax returns, and recent pay stubs. 
• Age. You generally need to be at least 18 years old to sign a  contract — including a personal loan contract.
• Bank account. Many lenders will require you to have a bank account where they can deposit your funds, typically a savings or checking account.

Related Article

How to Prequalify for a Personal Loan, and Why It Can Be a Good Idea

Read More

How to Choose a Good Credit Personal Loan

If you need to take out a personal loan, shopping around is a good idea. Here are some things to focus on when comparing your options.

• Rates. While shopping for a good credit personal loan, compare annual percentage rates (APRs) across multiple lenders. If possible, prequalify to get a preview of the rate you might receive if your loan is approved.
• Fees. Check to see if the lender charges loan fees that can increase your borrowing costs, such as origination fees, application fees, and prepayment penalties.
• Repayment terms. Choosing a longer repayment term can decrease your monthly payment, but you may pay more interest over the life of the loan. Conversely, a shorter loan term can save you money but comes with a higher monthly payment.
• Loan amounts. Search for a lender that offers the amount you want to borrow..
• Funding speeds. Some lenders fund loans as soon as the next business day, but others may take longer. If you need funds quickly choose a lender known for fast funding.

How to Apply for a Personal Loan with Good Credit

Although the application process varies by lender, here are the typical steps to apply for a personal loan:

1. Shop around. Compare rates, terms, fees, and repayment terms from as many lenders as possible to find the best deal for your unique financial situation.
2. Submit a formal loan application. Once you find a lender that best matches your needs, submit a loan application.
3. Review and sign a loan agreement. A lender will send you a loan agreement if your application is approved. Read it carefully to ensure you understand the terms, fees, and other fine print before signing.
4. Repay the loan as promised. After you receive the funds, repay the loan as promised to avoid late fees and damage to your credit.

Filter

Loan Purpose

Credit Card Consolidation Debt Consolidation Home Improvement Major Purchase Household Medical/Dental Special Event Vacation Auto Motorcycle Business Green Loan Moving/Relocation Baby/Adoption Taxes RV Boat Other

Loan Amount

Choose… $1,000 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $50,000

Credit Rating

Choose… Excellent (720+) Good (660-719) Fair (600-659) Poor (Under 599)

Update

Best Matches (10) Click on 2 or more insurers below to compare quotes and maximize your savings.

Highlights

APR7.99 - 35.99% APR

Loan Amount: $36,500

Loan Term: 24-72 months

• Personal loans from $3,500 to $36,500 and rates from 9.99% to 35.99% APR with no prepayment penalties
• Check your rate for free without impacting your credit score
• Qualified customers receive offers in three simple steps, and funds in as little as 24 hours if approved
• LendingPoint's customer success representatives are available online or by phone 24/7

See My Rate

APR8.98 - 35.99% APR

Loan Amount: $40,000

Loan Term: 36-60 months

• Borrow up to $35,000 with rates starting from 5.99% APR
• Receive your money in as few as 5 days
• Fast, easy online application
• Make fixed monthly payments

See My Rate

APR7.99 - 35.99% APR

Loan Amount: $50,000

Loan Term: 36-60 months

• Affordable loans from $1,000 to $35,000 with low fixed rates from 5.96% to 35.97% APR*
• Fast funding Money sent to your bank account within 1 day of clearing necessary verifications**
• No obligation and no impact to your credit score when you check your rate
• Fixed rate that will never increase

See My Rate

APR6.99 - 35.99% APR

Loan Amount: $50,000

Loan Term: 24-60 months

• Innovative peer-to-peer loans trusted by 250,000+
• No teaser rates/hidden fees - 8.99% APR+
• Get up to $35,000 with 5 years to pay it back
• 650+ Credit Score Required

See My Rate

APR8.99 - 35.99% APR

Loan Amount: $50,000

Loan Term: 36-60 months

• Get a personal loan up to $35,000 with a fixed APR from 5.99% to 29.99%
• Get money in as little as one business day, upon approval and verification
• Join more than 450,000 customers at a trusted company with an A+ BBB rating
• Use it for almost anything: consolidate debt or other unexpected expenses

See My Rate

APR6.99 - 35.99% APR

Loan Amount: $50,000

Loan Term: 24-60 months

• Competitive rates and loan amounts up to $50,000
• 24-hour approvals and access to cash in 48 hours**
• No prepayment penalties, no hidden fees, and no collateral required
• A dedicated team of specialists who find the best offer for you

See My Rate

APR7.99 - 29.99% APR

Loan Amount: $35,000

Loan Term: 24-60 months

• With a Happy Money Loan, you, like other Happy Money Members, could raise your credit score by 40 points*
• You can consolidate all your credit card payments down to one monthly, affordable, fixed-rate payment between 8% and 25% APR
• You WON'T pay any prepayment penalties, application fees, late fees or hidden fees. Because no one wants to do that
• Loans for refinancing credit card debt from $5,000 to $35,000

See My Rate

APR8.99 - 25.81% APR

Loan Amount: $99,999

Loan Term: 36-72 months

• Huge flexibility - Loans between $5k - 100k
• Fixed rates starting at 8.99 % with all discounts
• 3, 5, 7 year repayment terms
• No Fees Required and No Origination Fees Required

See My Rate

APR18.00 - 35.99% APR

Loan Amount: $20,000

Loan Term: 24-60 months

• Personal loans typically from $1,500-$25,000 with APRs from 25.10% - 35.99%
• Flexible. Terms that fit your needs and no pre-payment fees
• Fast. Loan decisions as quickly as 1 hour
• Convenient. Apply online, by phone or at your local branch

See My Rate

APR9.95 - 35.99% APR

Loan Amount: $35,000

Loan Term: 24-60 months

• Avant provides access to personal loans from $2,000 to $35,000*, terms from 24 to 60 months*, and APRs from 9.95% to 35.99%* which include a 4.75% administration fee
• The actual rate and loan amount that a customer qualifies for may vary based on credit determination and other factors
• Checking your rate does not affect your credit score
• Funding as soon as the next business day if application is approved by 4:30pm CT Monday-Friday

See My Rate

Ad Disclosure

X

Advertiser Disclosure* All credit decisions are made by service providers. The personal loan products on AmONE are from service providers from which AmONE receives compensation in exchange for placement of their products or services and when you click on certain links posted on AmONE. Placement is not a recommendation by QS of any specific company product or service. AmONE does not include all personal loan service providers or products available in the marketplace.

As of 3/20/2023, visitors to AmONE could see loan rates as low as 5.99% APR on a $50,000 loan amount for a term of three (3) years. Rates and APRs offered may vary. Lenders generally have a range of available APRs and only borrowers with excellent credit will qualify for the lower rates. There is a possibility you may not be matched with any lenders. Loans are not available in all states at all requested amounts. AmONE only matches you with potential lenders and your inquiry on this website does not constitute a loan application.

A representative example of loan payment terms is as follows: you receive a loan of $13,411 for a term of 36 months, with an interest rate of 12.16% and a 5.30% origination fee of $711, for an APR of 15.99%. In this example, you will receive $12,700 and will make 36 monthly payments of $446.46. Loan amounts range from $1,000 to $40,000 and loan term lengths range from 24 months to 60 months. Some amounts and term lengths may be unavailable in certain states.

APR ranges from 7.04% to 35.89% and is determined at the time of application. Origination fee ranges from 3% to 6% of the loan amount. Lowest APR is available to borrowers with excellent credit. Advertised rates and fees are valid as of 7/1/21 and are subject to change without notice.

Loans are made by LendingClub Bank, N.A., Member FDIC ("LendingClub Bank"), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Loans are subject to credit approval and sufficient investor commitment before they can be funded or issued. Certain information that we subsequently obtain as part of the application process (including but not limited to information in your consumer report, your income, the loan amount that your request, the purpose of your loan, and qualifying debt) will be considered and could affect your ability to obtain a loan from us. Loan closing is contingent on accepting all required agreements and disclosures at Lendingclub.com."LendingClub" is a trademark of LendingClub Bank.

Alternatives to Personal Loans

iStock

Although a personal loan can be a great tool, it’s not suitable for everyone. Here are some alternatives to consider.

• 0% Intro APR Credit Card. Some credit card issuers offer 0% APR credit cards to borrowers with good to excellent credit. You can avoid paying interest if you pay your balance in full before the promotional period expires. But you'll have to pay interest on any outstanding balance when the promotion ends.
• Home Equity Loan. A home equity loan allows you to tap your home’s equity to borrow a lump sum. Although you may receive a lower rate than you’d receive with a personal loan, a lender can foreclose on your home if you fail to repay the loan as promised.
• Home Equity Line of Credit (HELOC). A HELOC is another way to tap your home’s equity. However, unlike a home equity loan, you borrow against a line of credit as needed. This option also comes with the risk of losing your home.
• High-Yield Savings Account: If the expense can wait, consider saving for the purchase through a high-yield savings account. You'll earn higher interest than traditional savings, and you won't need to pay personal loan fees or interest costs.

Ready to save more?

Explore the Best High-Yield Savings Accounts

Visit the Marketplace

Bottom Line

Qualifying for a personal loan might be easier with good credit. But you still have to do some research to find a loan that best matches your needs. While shopping around, compare rates, terms, fees and repayment terms across as many personal loan lenders as possible.

Frequently Asked Questions

• How much can you borrow if you have good credit?

  The amount you can borrow if you have good credit varies by lender. That's because different lenders offer different loan amounts. Plus, when you apply for a loan, a lender will only loan you an amount it thinks you can repay.

  You can prequalify online with some lenders to get a preview of how much you could borrow if you qualify. But note that prequalifying doesn't guarantee approval.

• Does having good credit guarantee approval for a personal loan?

  Although having good credit can increase your approval odds and chances of securing a competitive rate, it doesn't guarantee approval. When you submit a loan application, lenders consider factors beyond your credit, like your income and how much debt you have.

• Can I get a personal loan if I have good credit but a low income?

  Yes, qualifying for a personal loan with good credit but a low income is possible. Some lenders have minimum income requirements as low as $24,000 per year, while others don't have any income requirements. That said, you still likely need to have enough income to show you can repay the loan.

• Why was my personal loan rejected if I have good credit?

  Lenders reject personal loan applications for many reasons even if a borrower has good credit, such as too high of a debt-to-income (DTI) ratio or not enough income. If a lender denies your loan request, the Equal Opportunity Credit Act (EOCA) requires them to send you a notice explaining why.

• How does getting a personal loan for good credit affect my credit score?

  A personal loan can positively or negatively affect your credit score. When you apply for one, a lender typically performs a hard credit check, which can temporarily ding your credit score.

  Paying your loan on time can help you improve your credit score. But on the other hand, if you make late payments or default on the loan, it can cause major harm to your credit.