Financhaser prepares compare lists for personal loans and shares its best monthly personal loan pick with you. And as you see, there are lenders that offer people with various scores, including for personal loans with bad credit in the compare list.

Compare Best Personal Loans of August 2020

1 - LightStream

Best of August

3.49% to 19.99%

APRs

660+

Minimum Credit Score

$5,000 to $100,000

Loan Amounts

24-144 months

Loan Terms

2 - SoFi

5.99% to 18.72%

APRs

680+

Minimum Credit Score

$5,000 to $100,000

Loan Amounts

24-84 months

Loan Terms

3 - Avant

9.95% to 35.99%

APRs

580+

Minimum Credit Score

$2,000 to $35,000

Loan Amounts

24-60 months

Loan Terms

4 - Upgrade

7.99% to 35.97%

APRs

600+

Minimum Credit Score

$1,000 to $50,000

Loan Amounts

36-60 months

Loan Terms

5 - Prosper

17.37-22.99%

APRs

650+

Minimum Credit Score

$2,000 to $40,000

Loan Amounts

36-60 months

Loan Terms

6 - Marcus by Goldman Sachs

6.99% to 23.99%

APRs

660+

Minimum Credit Score

$3,500 to $30,000

Loan Amounts

36-72 months

Loan Terms

7 - LendingClub

10.68% to 35.89%

APRs

600+

Minimum Credit Score

$1,000 to $40,000

Loan Amounts

36-60 months

Loan Terms

8 - Discover

6.99% to 24.99%

APRs

660+

Minimum Credit Score

$2,500 to $35,000

Loan Amounts

36-84 months

Loan Terms

9 - OneMain Financial

18.00% to 35.99%

APRs

620+

Minimum Credit Score

$1,500 to $20,000

Loan Amounts

24-60 months

Loan Terms

10 - Payoff

5.99% to 24.99%

APRs

640+

Minimum Credit Score

$5,000 to $35,000

Loan Amounts

24-60 months

Loan Terms

Needs to Know Before Getting a Personal Loan

Achieve all your objectives with the right ways of the exactly when you need it. Below is what you should know before getting a personal loan and using personal loans calculator.

  • Your Credit Score: for lenders, your personal creditworthiness is a collateral. If your credit score is high, you are more likely to receive loan. Also, as the person with high credit are considered less of a risk, interest rates will be lower.
  • Interest Rate: is one of the most important factors, when considered to get a person loan. Even if it seems just a little percentage rate in monthly payment, it has a significant and major influence on full repayment terms.
  • Loan Terms: If you decide to apply for a short-term loan, you will make the higher monthly payment. However, you will pay less interest over the life of loan. On the other hand, you prefer a long-term loan, monthly payment can be lower, but interest rates will be higher.
  • APR: Annual Percentage Rate can be defined as the sum of what your loan will cost annually for you. The lower APR, the less you will pay over the long run.

Related By Personal Loans

Loan Opportunities For People with Bad Credit

Bad Credit Loans You may need a loan to buy a car, home or something unexpected. Today, bad...

Latest Updates for Coronavirus Stimulus Package

President Trump enacted CARES Act that includes a up to $ 2 trillion economic stimulus package for American citizens suffering financial problems...