Best Personal Loans for Excellent Credit

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Student Loan Hero Advertiser Disclosure

Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print to help you understand what you are buying. Be sure to consult with a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time.

Editorial Note: This content is not provided or commissioned by any financial institution. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the financial institution.

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Those with excellent credit should have no problem finding a quality personal loan to pay down higher-interest debt, finance major purchases or home repairs, or pay for unexpected expenses. With a wide range of lenders out there, the choice will be yours.

With excellent credit, you could have the luxury of choosing a lender based on factors other than whether or not it will lend to you; of course they will! So get busy looking at the fine print, the flexibility or the customer service — whatever is most important to you.

Try prequalifying with several different lenders; prequalifying requires a soft credit pull, which doesn’t affect your credit score. Aggregator sites such as LendingTree, which owns Student Loan Hero, will give you a range of quotes from different lenders with just a few clicks.

Start with LendingTree

You could start your personal loan research with LendingTree, which is the parent company of Student Loan Hero. You could receive offers from up to five lenders once you’ve input your information online. The Soft Pull credit involved won’t affect your credit score.

LendingTree is great for those who don’t know where to start in parsing the many choices in the personal loan landscape. It’s quick, easy and gives you a good idea of what kinds of terms for which you could quality.


LightStream, the online consumer lending service of SunTrust Bank, is targeted to those with good credit. The company asserts that its loans can fund “practically anything,” from home improvement to horses to hot tubs.

The company is so sure that its loan process “will be your best, ever,” that it offers a $100 guarantee: Those who fill out a questionnaire stating that they’re not completely satisfied will receive $100. The company promises to beat any APR offered by another lender by 0.10 percentage points, assuming the offer meets various terms and conditions. Additionally, these loans are fast — you may be able to get approved the same day you apply. To emphasize the benefits of going paperless with an online loan, the company plants a tree for each loan it funds.

LightStream offers personal loans from $5,000 to $100,000 with APRs ranging from 3.99% to 16.99% and terms of 24 to 144 months. Rates are fixed, and there are no fees or prepayment penalties.

Only those with “good credit” are eligible. That means having several years of credit history across a range of account types and a good payment history, as well as demonstrated ability to save, and “stable and sufficient” income and assets to service current and prospective debt.


  • No fees
  • No prepayment penalties
  • Fixed rate for the entire loan
  • Terms from 24 to 144 months and amounts up to $100,000
  • Easy online application and abundant information on the LightStream site


  • Rates go up 0.50 points unless you use AutoPay
  • Rates depend in part on the purpose of the loan

LightStream presents supreme confidence about the quality of its service — so much so that it offers compensatory payment to those who aren’t thrilled. With the possibility for low rates and long terms, plus a rate match guarantee, signs are good that borrowers may well be satisfied.


RocketLoans from Quicken Loans advertises “personal loans made simple,” boasting a fully online application process, instantaneous loan offers, same-day funding and no hidden fees. It says it has “the most user-friendly lending platform in the world,” a claim belied by the company’s 90% customer satisfaction rate, according to a previous Student Loan Hero review.

Personal loans through RocketLoans are all unsecured, fully amortizing personal loans made by Cross River Bank, a New Jersey state-chartered commercial bank.

RocketLoans offers loans from $2,000 to $45,000 with APRs from ranging 7.16% to a maximum of 29.99%. Loan terms range from 36 or 60 months. Each loan comes with a 1.00% - 6.00% origination fee that is deducted from the balance of the loan when it is disbursed. Same-day financing is available for loans of up to $25,000 if certain conditions are met.

To apply and see your offer, you’ll need to input this information into the online system: name, address, income information, Social Security number and date of birth. After you’ve selected your loan details, you’ll need to provide more information, including bank account details.


  • Quick and easy financing
  • No prepayment penalties
  • No fees aside from origination fee and late or non-payment fees


  • Rates somewhat on the high side, and term lengths are restricted
  • 1.00% - 6.00% origination fee financed into the loan
  • Rates go up unless you use AutoPay

RocketLoans is making a strong effort to market itself on its ease-of-use, a selling point this day and age where choosy borrowers expect a fast, hiccup-free process.


Payoff is a lender targeted toward paying off credit card debt. Borrowers get a single fixed monthly payment that covers multiple credit cards, helping reduce the costs and time to pay them off.

While the loan is targeted to help increase borrowers’ FICO scores (by an average of 40 points), it helps to have a good one already — only those with credit scores of 640 or higher are eligible. These loans eliminate most fees, including late fees, but do include origination fees.

Payoff loans provide funding from $5,000 to $35,000 specifically to pay off credit cards. These loans have fixed APRs between 5.99% and 24.99%, and terms of 24 to 60 months. The lender charges an origination fee between 0.00% - 5.00%.

Eligibility requires a FICO score of 640 or higher, a debt-to-income ratio of 50% or lower, three years of good credit, at least two open and satisfactory lines of credit and zero current delinquencies.


  • Fixed monthly payments
  • No late-payment fees
  • Designed to increase FICO score


  • Origination fee from 0.00% - 5.00%
  • Loan amount limited to $35,000

Few lenders are as targeted and specialized as Payoff, which is laser-focused on getting its customers out of credit debt. The utility of its service is limited, however, since borrowers must have fairly good credit and borrowing history to be eligible, and face a relatively low limit on how much they can borrow.


FreedomPlus is an online company that prides itself on giving the lending process a personal touch. Each potential borrower must speak with a customer service representative as part of the application process, an element unusual in online lending. This makes it more likely for the company to see you as more than just your credit score; you have a chance to explain why you need a loan and how your situation will enable you to pay it back.

FreedomPlus offers loans from to $7,500 to $40,000 with APRs ranging from 5.99% to 29.99%. Loan terms are 24 to 60 months, and the origination fee is 0.00% - 5.00%. All that’s needed to apply is a signature, a valid ID and verified income and bank account information. The application process involves speaking to a loan officer on the phone so they can see you as more than just a number.


  • A personal touch to the application process with welcoming customer service
  • Same-day approvals, and funds available within 48 hours


  • Minimum loan of $7,500
  • Origination fee from 0.00% - 5.00%

FreedomPlus works to set itself apart by looking at each applicant as a whole person with specific circumstances and needs. This friendly approach offers a refreshing alternative in a world of online click-button lending.


BestEgg is an online lender that stresses the quickness and simplicity of its loan process, boasting that applicants may be able to get funds into their accounts in just one business day. The company strives to make the online lending process smooth, painless and quick.

Like RocketLoans, BestEgg loans are made by Cross River Bank, a New Jersey state-chartered commercial bank.

BestEgg offers unsecured, fixed-terms loans of $2,000 to $35,000 with APRs ranging from 5.99% to 29.99%. Each loan comes with a 0.99% - 5.99% origination fee.


  • Money may be available in one business day
  • Fixed rates
  • No prepayment penalties


  • Origination fee of 0.99% - 5.99%
  • Loan amount limited to $35,000

BestEgg is a solid bet for those looking for fast access to funds for a variety of purposes. The company receives solid praise on online review sites, leveraging its ease of use for customer satisfaction.

Interested in a personal loan?

Here are the top personal loan lenders of 2019!
LenderAPR RangeLoan Amount 
1 Includes AutoPay discount. Important Disclosures for SoFi.

SoFi Disclosures

  1. Fixed rates from 5.990% APR to 16.240% APR (with AutoPay). Variable rates from 5.75% APR to 14.60% APR (with AutoPay). SoFi rate ranges are current as of March 18, 2019 and are subject to change without notice. Not all rates and amounts available in all states. See Personal Loan eligibility details. Not all applicants qualify for the lowest rate. If approved for a loan, to qualify for the lowest rate, you must have a responsible financial history and meet other conditions. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, years of professional experience, income and other factors. See APR examples and terms. Interest rates on variable rate loans are capped at 14.95%. Lowest variable rate of 5.75% APR assumes current 1-month LIBOR rate of 2.50% plus 4.28% margin minus 0.25% AutoPay discount. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.
  2. To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull.
    See Consumer Licenses.
  3. Minimum Credit Score: Not all applicants who meet SoFi’s minimum credit score requirements are approved for a personal loan. In addition to meeting SoFi’s minimum eligibility criteria, applicants must also meet other credit and underwriting requirements to qualify.
  4. SoFi Personal Loans are not available to residents of MS. Maximum interest rate on loans for residents of AK and WY is 9.99% APR, for residents of IL with loans over $40,000 is 8.99% APR, for residents of TX is 9.99% APR on terms greater than 5 years, for residents of CO, CT, HI, VA, SC is 11.99% APR, and for residents of ME is 12.24% APR. Personal loans not available to residents of MI who already have a student loan with SoFi. Personal Loans minimum loan amount is $5,000. Residents of AZ, MA, and NH have a minimum loan amount of $10,001. Residents of KY have a minimum loan amount of $15,001. Residents of PA have a minimum loan amount of $25,001. Variable rates not available to residents of AK, TX, VA, WY, or for residents of IL for loans greater than $40,000.
  5. If you lose your job through no fault of your own, you may apply for Unemployment Protection. SoFi will suspend your monthly SoFi loan payments and provide job placement assistance during your forbearance period. Interest will continue to accrue and will be added to your principal balance at the end of each forbearance period, to the extent permitted by applicable law. Benefits are offered in three month increments, and capped at 12 months, in aggregate, over the life of the loan. To be eligible for this assistance you must provide proof that you have applied for and are eligible for unemployment compensation, and you must actively work with our Career Advisory Group to look for new employment. If the loan is co-signed the unemployment protection applies where both the borrower and cosigner lose their job and meet conditions.
  6. Terms and Conditions Apply: SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi’s underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (

2 Includes AutoPay discount. Important Disclosures for Payoff.

Payoff Disclosures

  1. All loans are subject to credit review and approval. Your actual rate depends upon credit score, loan amount, loan term, credit usage and history. Currently loans are not offered in: MA, MS, NE, NV, OH, and WV.

3 Important Disclosures for FreedomPlus.

FreedomPlus Disclosures

  1. All loans available through are made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. All loan and rate terms are subject to eligibility restrictions, application review, credit score, loan amount, loan term, lender approval, and credit usage and history. Eligibility for a loan is not guaranteed. Loans are not available to residents of all states – please call a FreedomPlus representative for further details. The following limitations, in addition to others, shall apply: FreedomPlus does not arrange loans in: (i) Arizona under $10,500; (ii) Massachusetts under $6,500, (iii) Ohio under $5,500, and (iv) Georgia under $3,500. Repayment periods range from 24 to 60 months. The range of APRs on loans made available through FreedomPlus is 5.99% to a maximum of 29.99%. APR. The APR calculation includes all applicable fees, including the loan origination fee. For Example, a four year $20,000 loan with an interest rate of 15.49% and corresponding APR of 18.34% would have an estimated monthly payment of $561.60 and a total cost payable of $7,948.13. To qualify for a 5.99% APR loan, a borrower will need excellent credit on a loan for an amount less than $12,000.00, and with a term equal to 24 months. Adding a co-borrower with sufficient income; using at least eighty-five percent (85%) of the loan proceeds to directly pay off qualifying existing debt; or showing proof of sufficient retirement savings, could help you also qualify for the lowest rate available.

4 Important Disclosures for Citizens Bank.

Citizens Bank Disclosures

  1. Personal Loan Rate DisclosureFixed interest rates from 6.79% – 20.89% (6.79% – 20.89% APR) based on applicable terms. Lowest rates range from 5.99%-18.99% (5.99%-18.99% APR), are for eligible applicants, require a 3-year repayment term, and include our Loyalty and Automatic Payment Discounts of 0.25 percentage points each, as outlined in the Loyalty Discount and Automatic Payment Discount disclosures. Subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change.
  2. Loyalty Discount: The borrower will be eligible for a 0.25 percentage point interest rate reduction on their loan if the borrower has a qualifying account in existence with us at the time the borrower has submitted a completed application authorizing us to review their credit request for the loan. The following are qualifying accounts: any checking account, savings account, money market account, certificate of deposit, automobile loan, home equity loan, home equity line of credit, mortgage, credit card account, student loans or other personal loans owned by Citizens Bank, N.A. Please note, our checking and savings account options are only available in the following states: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI and VT. This discount will be reflected in the interest rate and Annual Percentage Rate (APR) disclosed in the Truth-In-Lending Disclosure that will be provided to the borrower once the loan is approved. Limit of one Loyalty Discount per loan, and discount will not be applied to prior loans. The Loyalty Discount will remain in effect for the life of the loan.
  3. Automatic Payment Discount: Borrowers will be eligible to receive a 0.25 percentage point interest rate reduction on their Citizens Bank Personal Loan during such time as payments are required to be made and our loan servicer is authorized to automatically deduct payments each month from any bank account the borrower designates. If our loan servicer is unable to successfully withdraw the automatic deductions from the designated account two or more times within any 12-month period, the borrower will no longer be eligible for this discount.

5 Important Disclosures for LendingPoint.

LendingPoint Disclosures

  • Loan approval is not guaranteed. Actual loan offers and loan amounts, terms and annual percentage rates (“APR”) may vary based upon LendingPoint’s proprietary scoring and underwriting system’s review of your credit, financial condition, other factors, and supporting documents or information you provide. Origination or other fees from 0% to 6% may apply depending upon your state of residence. Upon LendingPoint’s final underwriting approval to fund a loan, said funds are often sent via ACH the next non-holiday business day. LendingPoint makes loan offers from $2,000 to $25,000, at rates ranging from a low of 9.99% APR to a high of 35.99% APR, with terms from 24 to 48 months. The loan offer(s) shown reflect a 28 day payment cycle which is being offered as a courtesy as many of our customers are paid on a biweekly schedule and thus this may better align the loan payment dates with your actual income receipt schedule.

6 Important Disclosures for LendingClub.

LendingClub Disclosures

All loans made by WebBank, Member FDIC. Your actual rate depends upon credit score, loan amount, loan term, and credit usage & history. The APR ranges from 6.95% to 35.89%*. The origination fee ranges from 1% to 6% of the original principal balance and is deducted from your loan proceeds. For example, you could receive a loan of $6,000 with an interest rate of 7.99% and a 5.00% origination fee of $300 for an APR of 11.51%. In this example, you will receive $5,700 and will make 36 monthly payments of $187.99. The total amount repayable will be $6,767.64. Your APR will be determined based on your credit at the time of application. The average origination fee is 5.49% as of Q1 2017. In Georgia, the minimum loan amount is $3,025. In Massachusetts, the minimum loan amount is $6,025 if your APR is greater than 12%. There is no down payment and there is never a prepayment penalty. Closing of your loan is contingent upon your agreement of all the required agreements and disclosures on the website. All loans via LendingClub have a minimum repayment term of 36 months. Borrower must be a U.S. citizen, permanent resident or be in the United States on a valid long term visa and at least 18 years old. Valid bank account and Social Security number are required. Equal Housing Lender. All loans are subject to credit approval. LendingClub’s physical address is: LendingClub, 71 Stevenson Street, Suite 1000, San Francisco, CA 94105.

†Per reviews collected and authenticated by Bazaarvoice in compliance with the Bazaarvoice Authentication Requirements, supported by anti-fraud technology and human analysis. All reviews can be reviewed at

**Based on approximately 60% of borrowers who received offers through LendingClub’s marketing partners between January 1, 2018 to July 20,2018. The time it will take to fund your loan may vary.

7 Important Disclosures for Earnest.

Earnest Disclosures

  1. Earnest does not lend in Alabama, Delaware, Kentucky, Nevada, or Rhode Island.

8 Important Disclosures for Avant.

Avant Disclosures

* The actual rate and loan amount that a customer qualifies for may vary based on credit determination and other factors. Funds are generally deposited via ACH for delivery next business day if approved by 4:30pm CT Monday-Friday. Avant branded credit products are issued by WebBank, member FDIC.

** Example: A $5,700 loan with an administration fee of 4.75% and an amount financed of $5,429.25, repayable in 36 monthly installments, would have an APR of 29.95% and monthly payments of $230.33

* Important Disclosures for Upgrade Bank.

Upgrade Bank Disclosures

* Your loan terms are not guaranteed and are subject to our verification and review process. You may be asked to provide additional documents to enable us to verify your income and your identity. This rate includes an Autopay APR reduction of 0.5%. By enrolling in Autopay your payments will be automatically deducted from you bank account. Selecting Autopay is optional. Annual Percentage Rate is inclusive of a loan origination fee, which is deducted from the loan proceeds. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. All loans made by WebBank, member FDIC. Please refer to Upgrade’s Terms of Use and Borrower Agreement for all terms, conditions and requirements.

** Accept your loan offer and your funds will be sent to your bank via ACH within one (1) business day of clearing necessary verifications. Availability of the funds is dependent on how quickly your bank processes this transaction. From the time of approval, funds should be available within four (4) business days.

5.75% – 16.24%1$5,000 - $100,000

Visit SoFi

7.69% – 35.99%$1,000 - $50,000

Visit Upstart

7.99% – 35.89%*$1,000 - $50,000

Visit Upgrade

5.99% – 24.99%2$5,000 - $35,000

Visit Payoff

5.99% – 29.99%3$7,500 - $40,000

Visit FreedomPlus

6.79% – 20.89%4$5,000 - $50,000

Visit Citizens

9.99% – 35.99%5$2,000 - $25,000

Visit LendingPoint

6.95% – 35.89%6$1,000 - $40,000

Visit LendingClub

6.99% – 18.24%7$5,000 - $75,000

Visit Earnest

9.95% – 35.99%8$2,000 - $35,000

Visit Avant

Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print to help you understand what you are buying. Be sure to consult with a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time.


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