SoFi offers the best combination of options and extras. While there are lower rate personal loans, they’re not by much. SoFi offers a wide range of benefits with its loans. These include unemployment assistance in the event of job loss, financial planning by an advisor at no cost, and career counseling.

J.D. Power’s annual survey of customer satisfaction among personal loan lenders. Power’s annual survey on customer satisfaction among personal loans lenders. 1 With a $5,000 minimum loan, those who need a smaller amount are excluded. 2 While you can apply for a loan with a partner, SoFi does not allow you to use a cosigner.

SoFi, a San Francisco-based company founded in 2011, is located in California. It has funded over $73 billion worth of loans, including personal loans and student loans.

• Zero fees charged
• Funding available same-day
• SoFi Membership Benefits

You can also find out more about Cons

• Secured loan options are not available
• Co-borrowers accepted, but not co-signers
• Minimum loan amount

• All 50 states, Washington, D.C. and the District of Columbia offer this service.
• Most states in the U.S. require that you be 18 years of age or older
• You must have income or an offer of employment that starts within 90 days
• You must be a U.S. Citizen, Permanent Resident, or Non-Permanent Resident
• The loan cannot be used to finance real estate, business, college or investment.

If you don’t want to consolidate debts from your Discover card, then a Discover personal loans is a great option for consolidation of debts or for most other types of loan. If everything goes well, you can get your money the next business day. Its low rates and zero origination fees also make it easy to repay. J.D. Power ranked it as the third best personal loan option for 2023. Power.1

You can only apply for a Discover loan as a single applicant. However, you can use the household income to support your application. A partner or family member could still assist you in this regard. The Discover loan is not available with a cosigner, co-borrower, or collateral. You will need to meet the requirements based on your credit alone. Paying on time is always important to protect your credit. But in this instance, Discover charges a $39. 3

Discover, a subsidiary company of Sears, Roebuck & Company, was founded in 1986 to offer credit card services. It has its headquarters in Riverwood in Illinois, and it has funded over $10 billion worth of personal loans.

• No origination fee
• Excellent customer satisfaction ratings
• You can send payments directly to creditors

You can also find out more about Cons

• Individual applications only
• You can’t use collateral to secure a loan
• You can’t consolidate your debts using a Discover card

• You must be 18 years or older
• Minimum annual household income of $25,000
• You must be a U.S. Citizen or Permanent Resident
• All 50 states, Washington, D.C. and the District of Columbia are included.
• Must have a physical address and an email address 4
• The loan cannot be used to consolidate a mortgage or auto loan.

Upgrade accepts applicants who have fair credit scores. If you don’t qualify, or you want to get lower rates, there are three other options you can use: you can pledge your car as collateral, apply with a joint borrower, or apply with a signatory. You can get your loan funds the next day if you are approved.

The cost of convenience is a fee that ranges from 1.85% up to 9.99%. This is a high fee when you consider how many lenders do not charge any fees at all. The company offers rate discounts for signing up for autopay, debt consolidation loans, or even a $200 bonus when you open a new Upgrade account.

Upgrade has its headquarters in San Francisco, California. In the last five years, it has provided over $24 billion of loans and credits.

• Multiple discount options
• Bonus $200 on checking accounts
• Collateral, co-borrowers and co-signers are allowed

You can also find out more about Cons

• Expensive origination fee
• Customer satisfaction scores are low
• Some applicants show high interest rates