Personal loan lenders
Avant
- APR range
- 9.95%–35.99%
- checked Oct 30, 2026
- Loan amounts
- $2,000–$35,000
- checked Oct 30, 2026
- Terms
- 24–60 months
- checked Oct 30, 2026
- Fees
- Admin fee up to 9.99%
- checked Oct 30, 2026
Best Egg
- APR range
- 6.99%–35.99%
- checked Oct 30, 2026
- Loan amounts
- $2,000–$50,000
- checked Oct 30, 2026
- Terms
- 36–60 months
- checked Oct 30, 2026
- Fees
- Origination fee on terms of 4 years or longer is at least 4.99%
- checked Oct 30, 2026
SoFi
- APR range
- 6.99%–35.49% (includes a 0.25% autopay discount and a 0.25% member discount)
- rates as of 10/30/26; checked Oct 30, 2026
- Loan amounts
- $5,000–$100,000
- checked Oct 30, 2026
- Fees
- Origination fee 0%–7%
- checked Oct 30, 2026
Upgrade
- APR range
- 7.74%–35.99% (the lowest rates need Autopay and paying part of existing debt directly)
- checked Oct 30, 2026
- Loan amounts
- $1,000–$50,000
- checked Oct 30, 2026
- Terms
- 24–84 months
- checked Oct 30, 2026
- Fees
- Origination fee 1.85%–9.99%
- checked Oct 30, 2026
Upstart
- APR range
- 6.3%–35.99%
- based on 5-year rates offered in June 2026; checked Oct 30, 2026
- Loan amounts
- $1,000–$75,000
- checked Oct 30, 2026
- Terms
- 3 or 5 years
- checked Oct 30, 2026
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A personal loan gives you a lump sum that you repay in equal installments over a set period. Most are unsecured, meaning no collateral. People use them to consolidate debt, cover a large expense or spread out a cost. This page shows what to compare and lets you estimate a payment.
Who this site covers: loans for borrowers with prime or near-prime credit. We do not cover payday loans, title loans, or other very-high-cost short-term credit.
What to compare
APR, and what it includes
APR is the yearly cost of the loan expressed as a percentage, and it includes the interest rate plus certain fees (such as an origination fee), so it is the most useful single number for comparing offers. Lenders usually advertise a range, and your own rate depends on your credit, income and the lender’s decision. Ask for the maximum APR as well as the minimum, because the lowest advertised rate is often reserved for the strongest applicants.
Fees
- Origination fee: a one-time charge, often taken out of the loan proceeds, so you receive less than you borrow while repaying the full amount.
- Late payment fees and returned-payment fees.
- Prepayment penalties: a charge for paying early. Many lenders do not charge one, but check.
Repayment period
The repayment period (term) is how long you have to repay. A longer term lowers the monthly payment but usually increases the total interest. A shorter term does the reverse. Compare both the monthly payment and the total cost.
Loan amount, funding and eligibility
Check the minimum and maximum amounts, how and when funds are paid, and the credit range the lender says it targets. A prequalification check using a soft inquiry can show likely terms without affecting your score. A hard inquiry usually occurs when you submit a full application.
Estimate your payment
Enter a loan amount, an APR and a term to see an estimate of the monthly payment and total interest. This is a general-purpose calculator for a fixed-rate loan with equal monthly payments; it is not an offer or a quote.
Estimate only. Excludes origination fees, late fees and rounding. APR is treated as a nominal annual rate compounded monthly, which approximates how most fixed-rate installment loans amortize. Your lender's disclosure controls.
How the estimate works
For a fixed-rate loan with equal monthly payments, the payment is P × r ÷ (1 − (1 + r)^−n), where P is the amount borrowed, r is the monthly rate (APR ÷ 12 ÷ 100) and n is the number of monthly payments. Total interest is the payment times n, minus P. Actual loans can differ because of fees, payment dates and rounding.
Benchmark: what banks charge on average
Before you compare individual loans, it helps to know where the industry-wide average sits. This Federal Reserve average covers commercial banks only, so it leaves out online lenders and credit unions. It is context, not an offer, and no lender on this page is endorsed or ranked.
| Measure and source | Average rate | As of |
|---|---|---|
| Personal loans: 24-month, commercial banks Federal Reserve G.19 | 11.90% Previous: 11.86% (May 2026) | August 2026 |
Benchmark averages, not offers; not affiliated with or endorsed by the Federal Reserve.
Source and method. Figures are from Board of Governors of the Federal Reserve System, Consumer Credit (G.19), www.federalreserve.gov/releases/g19/current/default.htm (release of October 7, 2026). We retrieved them on and copied them without adjustment. They are published averages, not offers: they are not Moneysilk's rates and not rates quoted by any lender or bank, and your rate will differ. Moneysilk is not affiliated with and is not endorsed by the Federal Reserve.
- Average 24-month personal loan rate at commercial banks
- The simple unweighted average of each reporting commercial bank's most common APR on 24-month personal loans, from a survey of the first calendar week of the middle month of the quarter. Covers commercial banks only; online lenders, credit unions and finance companies are not included. Not an offer; your rate depends on the lender, the loan terms and your credit profile.
Guides in this section
Debt Payoff Calculator: Avalanche vs Snowball Payoff Estimate
Estimate months to pay off your debts, total interest and payoff order with the avalanche (highest APR first) or snowball (smallest balance first) order.
Personal Loan Calculator: Estimate Your Monthly Payment and Total Cost
Estimate a personal loan's monthly payment, total interest and total repaid by amount, APR and term. Includes the formula and a worked example with assumptions.
Personal Loan Rates Today: The Federal Reserve Benchmark
The Federal Reserve's latest average APR on 24-month personal loans at commercial banks, with past values and release dates. A benchmark, not an offer.
Personal Loans Compared: APRs, Fees and Terms (October 2026)
Compare personal loan lenders on APR range, maximum APR, origination fees, loan amounts and terms, using each lender's public terms with as-of dates.
Personal Loans With a Max APR Under 36%: How to Compare Lenders (October 2026)
What to check on APR ranges, maximum APRs, fees and credit requirements when comparing personal loans, with five lenders that publish a maximum APR under 36%, with sources and dates.
SoFi vs. LightStream Personal Loans: Rates, Fees and Terms Compared
A side-by-side look at SoFi and LightStream personal loans: APR ranges, fees and terms, from each lender's public site as of Oct. 19, 2026.
Sources
- Regulation Z (Truth in Lending), Consumer Financial Protection Bureau
- Credit reports and scores (consumer tools), Consumer Financial Protection Bureau
- How to get out of debt, Federal Trade Commission
General information only; not financial, legal or tax advice. Moneysilk is not a lender and does not make credit decisions. Read our editorial standards and corrections policy.