Title: Top 5 Best Personal Loans Companies for Quick Cash in 2021
Introduction
Personal loans are a great option for anyone who needs cash quickly. They can be used for a variety of purposes, such as consolidating debt, paying for unexpected expenses, or funding a major purchase. With so many personal loan companies to choose from, it can be overwhelming to find the right one. In this article, we will review the top 5 best personal loan companies for quick cash in 2021.
Subheading 1: LendingClub
LendingClub is a peer-to-peer lending platform that has been in operation since 2007. It offers personal loans ranging from $1,000 to $40,000 with terms of 36 or 60 months. The application process is quick and easy, and borrowers can receive funds within a week. Interest rates start at 10.68%, and there are no prepayment penalties. LendingClub also offers a range of educational resources, such as loan calculators and credit score monitoring.
Subheading 2: Upstart
Upstart is a lending platform that uses artificial intelligence to determine creditworthiness. It offers personal loans ranging from $1,000 to $50,000 with terms of 36 or 60 months. The application process is simple, and borrowers can receive funds within 24 hours. Interest rates start at 8.13%, and there are no prepayment penalties. Upstart also offers a range of tools to help borrowers manage their loans, such as payment reminders and auto-pay.
Subheading 3: Best Egg
Best Egg is an online lending platform that offers personal loans ranging from $2,000 to $35,000 with terms of 36 or 60 months. The application process is quick and easy, and borrowers can receive funds within one business day. Interest rates start at 5.99%, and there are no prepayment penalties. Best Egg also offers a range of educational resources, such as debt consolidation tips and credit score monitoring.
Subheading 4: SoFi
SoFi is a personal finance company that offers a range of products, including personal loans. It offers personal loans ranging from $5,000 to $100,000 with terms of 24 to 84 months. The application process is simple, and borrowers can receive funds within a week. Interest rates start at 5.99%, and there are no prepayment penalties. SoFi also offers a range of benefits, such as career coaching and unemployment protection.
Subheading 5: LightStream
LightStream is a division of SunTrust Bank that offers personal loans ranging from $5,000 to $100,000 with terms of 24 to 144 months. The application process is simple and can be completed entirely online. Borrowers can receive funds within one business day. Interest rates start at 2.49%, and there are no prepayment penalties. LightStream also offers a range of benefits, such as a rate beat program and a loan experience guarantee.
Conclusion
In conclusion, there are many personal loan companies to choose from, but these five are the best for quick cash in 2021. LendingClub, Upstart, Best Egg, SoFi, and LightStream all offer competitive interest rates, flexible terms, and quick funding. When choosing a personal loan company, it is important to consider factors such as interest rates, fees, and repayment terms. Be sure to shop around to find the best option for your needs.
