SoFi has risen to prominence as one of the most recognizable online lenders. At SoFi, you can apply for various types of loans, including loans for school, debt consolidation and more.

Why We Like It

SoFi loans feature no origination fees or late fees. Additionally, SoFi loans offer a 0.25% rate discount when using autopay³, and SoFi can send loan funds directly to your creditors.

What We Don’t Like

You need a credit score of at least in the mid-600s to qualify. However, SoFi accepts co-applicants, and applying with someone who has good credit could improve your loan terms.

Who It’s Best For

SoFi is a good choice for credit card debt consolidation because it lacks fees and offers large loan amounts that can cover high card balances. Borrowers also receive one complimentary financial planning session, which could be an opportunity to discuss credit card spending with an advisor.

Lender details

Eligibility  

• Minimum credit score:Does not disclose

• Co-signers/co-borrowers: Accepted  

Funding Speed 

Funding may occur within one business day of clearing verification. 

Disclosures

*Fixed rates from 8.74% APR to 35.49% APR. APR reflects the 0.25% autopay discount and a 0.25% direct deposit discount. SoFi Platform personal loans are made either by SoFi Bank, N.A. or , Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. SoFi may receive compensation if you take out a loan originated by Cross River Bank. These rate ranges are current as of 11/03/25 and are subject to change without notice. Not all rates and amounts available in all states. See SoFi Personal Loan eligibility details at https://www.sofi.com/eligibility-criteria/#eligibility-personal. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors.
Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 9.99% of your loan amount for Cross River Bank originated loans which will be deducted from any loan proceeds you receive and for SoFi Bank originated loans have an origination fee of 0%-7%, will be deducted from any loan proceeds you receive.

Autopay: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi.

Direct Deposit Discount: To be eligible to receive an additional (0.25%) interest rate reduction on your Personal Loan (your “Loan”), you must set up Direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A., or enroll in SoFi Plus by paying the SoFi Plus Subscription Fee, all within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled Direct Deposit to an eligible Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion, or during periods in which SoFi successfully receives payment of the SoFi Plus Subscription Fee. This discount will be lost during periods in which SoFi determines you have turned off Direct Deposit to your Checking and Savings account or in which you have not paid for the SoFi Plus Subscription Fee. You are not required to enroll in Direct Deposit or to pay the SoFi Plus Subscription Fee to receive a Loan.

¹Terms and conditions apply. Offer good for personal loan customers with credit cards and personal loans in their name only and subject to lender approval. To receive the offer, you must: (1) register and/or apply through this landing page; (2) complete a loan application with SoFi within 90 days of your application submit date; (3) meet SoFi’s underwriting criteria; (4) apply 50% or more of your loan proceeds directly to your lenders/creditors. Once conditions are met and the loan has been disbursed, the interest rate shown in the Final Disclosure Statement will include an additional 0.25% rate discount. SoFi reserves the right to change or terminate the Direct Pay Rate Discount Program to unenrolled participants at any time with or without notice. It takes about 3 business days for your creditor/lender to receive payment after your loan is signed. You will be responsible for making all required payments to avoid credit card and other loan fees.

US Bank is a major bank with 2,000 physical branches across 26 states. It also serves borrowers nationwide through online lending services.

Why We Like It  

US Bank offers loans with no origination fees or late fees, and its interest rate cap (24.99% APR) is lower than that of several other competing lenders on this list.

What We Don’t Like

The average turnaround time for loans is one to four days. In comparison, competing lenders may offer next-day funding or even same-day funding. US Bank also doesn’t provide the option to pay your third-party creditors directly, so you’ll have to get funds and pay creditors yourself.

Who It’s Best For

US Bank is a good no-fee option for borrowers with a credit score above 700 who need to consolidate high-interest debt balances of less than $50,000.

Upstart utilizes an underwriting model that considers factors beyond just credit to approve borrowers for loans. According to Upstart, its underwriting approach can approve 43% more applications and provide interest rates that are 33% lower than traditional underwriting models.

Why We Like It

Upstart may accept borrowers for debt consolidation loans who have limited credit or less-than-perfect credit.

What We Don’t Like

Upstart offers only two loan terms: 36 months and 60 months. This limits your ability to personalize your debt payoff schedule.

The origination fee, which can be as high as 12%, is also substantial. If the fee to consolidate debt with Upstart exceeds the interest savings, it may not be a cost-effective option.

Who It’s Best For

Upstart is best suited for borrowers who want to consolidate debt balances but don’t have strong enough credit to qualify for other loan options with lower fees.

Lender details

Eligibility

• Minimum credit score: 300
• Co-signers/co-borrowers: Not accepted

Funding Speed

Next-day funding may be available if you accept a loan before 5 p.m. ET on a business day.

Founded in 1935, PenFed is a credit union that anyone can join by opening a PenFed savings account and making an initial deposit of $5. Becoming a member unlocks access to loan products, deposit accounts and other banking services.

Why We Like It

PenFed loan amounts start at just $600 with loan terms as short as 12 months, so it’s an option for borrowers who need to consolidate small sums. Additionally, PenFed provides loans with no origination fee and lets you send money to third-party financial institutions via ACH transfer.

What We Don’t Like

PenFed doesn’t offer any discounts for using autopay, and the best interest rates available aren’t as low as those offered by competing lenders.

Who It’s Best For

PenFed loans are ideal for borrowers seeking a small loan with no fees.

Lender details

 Eligibility

• Minimum credit score: Not disclosed
• Co-signers/co-borrowers: Yes

Funding Speed

Next-day funding may be available. The speed of funding may be longer or shorter depending on what time of day you apply for a loan.

LightStream, the online lending division of Truist, offers loan rates as low as 6.49% APR on debt consolidation loans for borrowers with strong credit.

Why We Like It

LightStream has no origination fees and offers an autopay discount of 0.50% points. The lender also provides a rate beat program, which promises to beat competitor rates if you’re approved for a better deal on the same loan terms elsewhere.

What We Don’t Like

LightStream doesn’t offer the option to prequalify for loans without a hard credit check, so you’ll have to complete the full application to shop for rates with the lender.

Who It’s Best For

LightStream loans are best suited for borrowers with very good to excellent credit, which is defined as a FICO Score of 740 or higher. For eligible borrowers, LightStream loans can be an affordable way to consolidate high-interest debt, thanks to low rates and no fees.

Lender details 

Eligibility

• Minimum credit score: 660
• Co-signers/co-borrowers: Accepted

Funding Speed

Same-day funding may be available if you sign documents, provide a bank account and complete the loan verification process before 2:30 p.m. ET.

Upgrade is a provider of loans and other financial products, including reward checking accounts and credit monitoring services.

Why We Like It

Upgrade loans offer terms of two to seven years, providing you with multiple years to repay your debt consolidation loan if necessary. When you take out a personal loan with Upgrade, you also get access to credit health insights in your Upgrade account dashboard.

What We Don’t Like

Upgrade has an origination fee of up to 9.99%, which is important to consider before borrowing.

Who It’s Best For

Upgrade loans are ideal for borrowers working on building strong credit history. Credit health monitoring is free and can help you track credit score growth as you pay off debt.

USAA is a bank that serves active-duty service members, veterans, certain government employees and qualifying family members.

Why We Like It

USAA’s lack of origination fees can significantly reduce borrowing costs. USAA also accepts co-applicants, and applying with someone who has strong credit could improve your loan terms.

What We Don’t Like

We couldn’t find an option to prequalify without a hard inquiry, so it’s less convenient to shop for rates with the lender.

Who It’s Best For

USAA is best for existing USAA members, service members and eligible family members. Members may find low rates and fees on loans and other banking products.

Rocket Loans, under the Rocket Companies umbrella, offers personal loans that borrowers can use for various personal reasons, including debt consolidation.

Why We Like It

Rocket Loans receives high customer review ratings. What’s more, customer service is available on weekdays and Saturdays from 9 a.m. to 6 p.m. to answer loan questions.

What We Don’t Like

Rocket Loans only provides funding up to $45,000, which may not be enough to consolidate high balances. You also can’t apply with a co-applicant, making it a less viable option if you want to pay off joint debt you owe with someone else.

Who It’s Best For

Rocket Loans is best for borrowers with at least fair credit who value a high level of customer experience. The company receives positive customer feedback and has extended office hours on weekdays and weekends.

Lender details 

Eligibility

• Minimum credit score: 640
• Co-signers/co-borrowers: Not disclosed

Funding Speed

Same-day funding may be available depending on what time of day your loan is approved and signed.

LendingClub is a financial services company with a streamlined debt consolidation process. During the loan application, you specify the account information for the creditors you want to pay off with the loan funds. If approved, LendingClub sends the money directly to your creditors.

Why We Like It

LendingClub provides a discounted APR to customers who use loan funds to pay off existing debt. The minimum credit score requirement is 660.

What We Don’t Like

While borrowers with weak credit may qualify for LendingClub loans, be aware of potential high interest rates and the origination fee, which can reach up to 8%.

Who It’s Best For

LendingClub can be a good option for borrowers with below-average credit because you can apply with a co-applicant to strengthen your application, and rate discounts are available.

Loan details

Co-signer/co-borrower: Allows co-borrowers

*For borrower or co-borrower

Citi is a traditional brick-and-mortar bank that provides a fully digital loan shopping experience with online applications and the option to prequalify without a hard credit check.

Why We Like It

Citi loans have no origination fees, and a 0.50% interest rate reduction discount is available for customers who use autopay, lowest advertised rate includes automatic payment discount.

What We Don’t Like

Citi doesn’t allow co-applicants, so you can’t apply with a spouse or partner. Additionally, existing Citibank deposit or credit card customers who have been with the bank for less than 12 months are not eligible for a loan.

Who It’s Best For

Citi loans are ideal for long-time Citibank customers and individuals who prefer to borrow from a major financial institution.

Details

Details:

• Apply for a personal loan online for up to $30,000
• Rates as low as 9.99% APR, which includes a 0.5% discount for enrolling in automatic payments**
• Zero fees – no origination fees, no late fees, no prepayment penalty, and no hidden fees
• Up to 60 month repayment terms
• Fast funding – same business day for most customers when deposited directly to a Citi® bank account or within 2 business days when deposited directly to a non-Citi® bank account

Disclosure

**Terms, conditions, and fees for accounts, products, programs and services are subject to change at any time.
You must be at least 18 years of age (21 years of age in Puerto Rico). Co-applicants are not permitted. Existing Citi credit card customers who have been a Citi customer for less than 12 months and do not have a Citi deposit account are not eligible for a Citi® Personal Loan.

If you apply online, you must agree to receive the loan note and all other account disclosures provided with your loan origination in an electronic format and provide your signature electronically.

Rates as of 09-30-2025. Your APR may be as low as 9.99% or as high as 19.49% for the term of your loan. The lowest rate quoted assumes excellent credit, a loan term of 36 or 48 months, and includes a 0.5% APR discount for enrollment in automatic payments at the time of loan origination. Your APR will depend on a variety of factors including your creditworthiness, term of loan, and existing relationship with Citi. Citi offers personal loans with a period of repayment between 12 and 60-month terms. For example, if you borrow $10,000 for 36 months at 15.99% APR, to repay your loan you will have to make 36 monthly payments of approximately $351.52.

Existing Citi banking Relationship Tier customers will receive an additional 0.25% discount to the APR. If you are in default, your APR may increase by 2.00%. Rates subject to change without notice.

To check for offers you may qualify for, Citi conducts a soft credit inquiry. If you are presented with an offer and choose to proceed with the application process, Citi will conduct a hard credit inquiry which may have an impact on your credit score.

Citi® Personal Loan proceeds cannot be used to pay for post-secondary education expenses or for business purposes. Credit cards issued by Citibank, N.A. or its affiliates, as well as Checking Plus and Ready Credit accounts, are not eligible for debt consolidation, and Citibank will not issue payoff checks for these accounts. If you are unsure of the issuer on the account, please visithttps://www.citi.com/affiliatesproducts for a list of Citi products and affiliates.

Once approved, Citibank can deposit funds directly into an existing Citibank account the same business day, or within 2 business days when deposited to an external bank account, provided the bank account has not been recently opened. In such instances, Citi reserves the right to reject the bank account as the disbursing account for personal loan funds, and you can select another bank account or select to receive a check by mail, which is delivered generally within 5 business days.

Personal loans are made available by Citibank, N.A., Equal Housing lender