Personal Loan Offers Online – Apply Now

best personal loans online

Personal Loan Offers Online

Discover the advantages of personal loans. There are many personal loan offers online and the best way to get the lowest rate is to compare and then apply.

We have included 3 recommended options before you look at any other personal loan offers. These are lending networks and peer-to-peer lending.  We will review your options below. Apply online today.
  • APR: 4.99% - 35.99%
  • Term: 24 to 72 Months
  • Min FICO: 600

Lending Networks - Advantages

A lending network is a great way to apply online for a personal loan.

The process saves you time because you only have to fill out one easy form. The lending network has multiple lenders in their network who will compete on rates to get your business.

Otherwise you would need to apply and fill out multiple forms to really see who has the best rates and terms for your loan.

With a lending network you just fill out one easy form and then get multiple rate offers. You are in charge and you select the one that best fits your needs. 

Once you select the lender the personal loan is processes and then direct deposited into your account.

Credible Personal Loans
  • APR: 4.99% - 35.99%
  • Term: 24 to 84 Months
  • Min FICO: 600

Peer-to-Peer Lending - Advantages

A peer-to-peer lender such as Lending Club works a bit different than a lending network.

This is where a borrowers loan is funded by multiple individual investors over a lending platform.

Lending Club is one of the largest peer-to-peer lenders and has thousands of individual investors on their platform who loan out their money to borrowers.

It is a win win situation for both. The investor gets a higher rate than having their money in a bank savings account and the borrower gets a lower rate. 

Peer-to-peer lending lowers the overhead associated with loans since they have no brick and mortar building with employees. This lower overhead can be passed on to the borrowers in the form of lower rate loans.

Lending Club
  • APR: 6.95% - 35.89%
  • Term: 36 to 60 Months
  • Min FICO: 600

Reasons for Getting a Personal Loan

Personal loans can be used for almost any purpose. 

Many people take out a personal loan to pay off high interest credit cards and debt. Others use them for home improvements, medical expenses, wedding loans, auto loan or to make almost any major purchase.

Advantages of getting a personal loan is that they are unsecured. This just means that you do not have to put up your personal assets as collateral to get the personal loan.

Another reason is that they have a fixed rate payment with an end date. Unlike credit cards that linger on sometimes for years, a personal loan has an end date.

This allows you to plan and budget this payment much more efficiently and at the end of the loan term the debt is gone.