Impact on good-credit borrowers: Both SoFi’s minimum and maximum rates are on the low end for personal loans, so you’re likely to find a competitive interest rate regardless of where you fall on the good-credit spectrum.

Overview: Marcus by Goldman Sachs is an online lender that offers personal loans to consumers with good credit. Interest rates start at 6.99 percent APR for those who can qualify.

Perks: Marcus by Goldman Sachs offers a 0.25 percent discount when you enroll in autopay, and you can receive your loan funds in as few as three days once you’re approved. Another unique benefit is Marcus’ on-time-payment reward, which allows you to skip one payment if needed for every 12 months of consecutive payments.

What to watch out for: Borrowing limits top out at $40,000, relatively low compared to some lenders in these rankings.

Why Marcus by Goldman Sachs is the best for personal loans without fees: These loans come without any fees, so you won’t have to worry about origination fees or even late fees.

Impact on good-credit borrowers: If you want to keep the overall costs of your loan low, Marcus could be a good fit; good-credit borrowers may qualify for competitive rates.

LendingClub: Best for borrowing money from other investors

Overview: LendingClub is a peer-to-peer lending platform, meaning you’ll borrow money from individual investors instead of from a traditional bank. However, the http://www.paydayloanstennessee.com/ borrowing process is very much the same. You can borrow up to $40,000 for any reason through LendingClub.

Perks: LendingClub may be a particularly good option if your credit score is slightly below average. You can also check your rate online and without a hard inquiry on your credit report. Czytaj dalej