Top 5 Best Personal Loans for Debt Consolidation in 2021
Introduction
Debt consolidation is a popular option for individuals struggling to keep up with multiple debts. By taking out a personal loan for debt consolidation, individuals can simplify their repayment process while potentially saving money on interest fees. However, with so many personal loan options available, it can be difficult to determine which lenders offer the best rates and terms. In this article, we will explore the top 5 best personal loans for debt consolidation in 2021.
1. SoFi
SoFi (short for Social Finance) is a leading online lender that offers personal loans for debt consolidation. With a high borrowing limit of up to $100,000, SoFi offers competitive interest rates and flexible repayment options. In addition, borrowers have access to a variety of educational resources and career counseling services.
2. Marcus by Goldman Sachs
Marcus by Goldman Sachs is another top lender that offers personal loans for debt consolidation. With no fees and fixed interest rates, Marcus makes it easy for borrowers to budget their repayment. In addition, Marcus offers a variety of loan terms, ranging from 36 months to 72 months.
3. LightStream
LightStream is a subsidiary of SunTrust Bank that offers personal loans for debt consolidation. With low interest rates and no fees, LightStream is an attractive option for borrowers looking to save money on interest fees. In addition, LightStream offers a variety of repayment terms, ranging from 24 months to 144 months.
4. Discover
Discover is a well-known credit card issuer that also offers personal loans for debt consolidation. With no origination fees and flexible repayment options, Discover makes it easy for borrowers to consolidate their debts into a single payment. In addition, Discover offers a variety of loan terms, ranging from 36 months to 84 months.
5. Upgrade
Upgrade is an online lender that offers personal loans for debt consolidation. With competitive interest rates and no prepayment fees, Upgrade is a popular choice among borrowers looking to save money on interest fees. In addition, Upgrade offers a variety of loan terms, ranging from 36 months to 60 months.
Conclusion
When it comes to debt consolidation, it’s important to do your research and choose a lender that offers competitive rates and terms. The top 5 best personal loans for debt consolidation in 2021 include SoFi, Marcus by Goldman Sachs, LightStream, Discover, and Upgrade. By comparing your options and choosing a lender that meets your individual needs, you can simplify your repayment process and potentially save money on interest fees.
