5 Top Picks for the Best Place for Personal Loan in 2021
Personal loans have become a popular choice for individuals needing financial assistance for various reasons such as debt consolidation, home renovations, or emergency expenses. However, it can be overwhelming to find the right lender offering the best interest rates and terms. Here are the top five picks for the best place to get a personal loan in 2021.
1. LightStream
LightStream offers a wide range of borrowing options, including personal loans, auto loans, and home improvement loans. They are known for their competitive interest rates, flexible terms, and fast approval process. Moreover, they don’t charge any origination fees or prepayment penalties, making them an affordable and flexible option for borrowers.
2. SoFi
SoFi is an online lender specializing in personal loans, student loan refinancing, and mortgages. They offer competitive interest rates, and their loan products come with additional benefits, such as career services and financial planning guidance. Additionally, SoFi doesn’t require any fees, including late payment or overdraft fees, making them a great option for individuals looking for transparency and affordability.
3. Marcus by Goldman Sachs
Marcus by Goldman Sachs is a reputable lender that offers personal loans with no fees. Their loan terms are flexible, ranging from 36 to 72 months, and they offer competitive interest rates, enabling borrowers to get the funds they need while saving money. Additionally, Marcus by Goldman Sachs offers a dedicated customer support team that is always available to answer any questions and assist with loan inquiries.
4. Upstart
Upstart is an online lender that uses artificial intelligence to assess creditworthiness, making the loan application process quick and easy. They offer personal loans with fixed interest rates, enabling borrowers to access the funds they need without worrying about rate changes. Additionally, Upstart doesn’t charge any prepayment penalties, making it a flexible and affordable option.
5. Discover
Discover offers personal loans with fixed rates and flexible repayment terms ranging from 36 to 84 months. They also don’t charge any origination fees or prepayment penalties, making it a flexible and affordable option for borrowers. Moreover, Discover offers a unique feature, allowing borrowers to choose their payment due date, giving them control over their finances.
In conclusion, finding the best place to get a personal loan involves considering various factors, including interest rates, fees, and terms. The lenders mentioned above have proven to be the top picks for 2021, offering borrowers flexibility, affordability, and competitive interest rates. Consider these lenders when looking for financial assistance and always do your research before applying for a loan.
