Introduction:
Personal loans are a popular way to get fit for financial need. Life can be unpredictable, meaning that you might require financial assistance to cover unexpected expenses, like medical bills, car repairs, or an emergency flight home.
In this article, we will dive into the top five best personal loan companies of 2021. We have done extensive research and considered customer feedback to bring you unbiased reviews. We hope our comprehensive guide will help you find the perfect match for your financial needs.
Body:
1. SoFi
SoFi is well-known for offering loans to borrowers with high credit scores. This online lender offers personal loans with competitive interest rates, fixed rates, and no origination fees. Besides, SoFi comes with added benefits such as career coaching, financial advice and exclusive events.
2. Best Egg
Best Egg is a subsidiary of Marlette Funding LLC. It is an online lender that offers personal loans for debt consolidation, home improvements, and major purchases at rates similar or lower than those of traditional banks. They offer flexible terms and good rates for borrowers with high credit scores.
3. Avant
Avant is an excellent option for borrowers with low credit scores. They offer loans for debt consolidation, emergency expenses, and large purchases. This lender provides personalized loan options with fast funding, but interest rates might be higher for lower credit scores.
4. LightStream
LightStream offers low-interest personal loans that can be used for anything you need to finance—home renovations, weddings, or consolidating credit card debt. With LightStream, you can receive funds in your bank account the same day you apply, and borrowing limits can be as high as $100,000.
5. LendingClub
LendingClub is a market leader in peer-to-peer lending and offers competitive rates for borrowers with good credit. They offer unsecured personal loans for debt consolidation, home improvements, and large purchases. However, it’s essential to note that origination and late payment fees of up to $35 may apply.
Conclusion:
Choosing the right personal loan company can have a significant impact on your financial situation. We hope that our review of the top 5 best personal loan companies of 2021 helps you assess what each company has to offer and choose the perfect lender for your needs. Remember always to read the fine print and terms and conditions carefully before signing up for a loan.
