The bank’s personal loans can be used for any purpose, but they’re typically used for debt consolidation or home improvements
Marcus by Goldman Sachs
Marcus by Goldman Sachs is an excellent option for borrowers with good credit who want low rates and flexible repayment terms.
One of the most significant benefits of taking out a personal loan through Marcus is that the bank doesn’t charge any hidden fees. There are no origination fees, prepayments fees, and the bank doesn’t even charge fees for missed payments.
Once you’re approved for a personal loan, ount and loan term. This allows you to choose a repayment schedule that will fit within your budget. And Marcus even gives borrowers the option to change their due date up to three times over the life of the loan.
You will need to have excellent credit to qualify, and there’s no option to apply with a cosigner. But if you meet the lending requirements, Marcus by Goldman Sachs is one of the best personal loan options out there.
Avant
If your credit is less than perfect, consider Avant for your unsecured loan. You’ll notice higher interest rates, ranging between 9.95% and % APR but their approval guidelines are less strict.
Loan terms can last anywhere from 24 months to 60 months, so you can get a shorter repayment plan than some other lenders. You can borrow anywhere between $2,000 and $35,000.
Like many other online platforms, they offer a quick and easy application process. Once you sign your contract, you can get your funds on the very next business day. Personal loans can be used for various purposes, including debt consolidation, home improvement, and unexpected expenses.
SoFi is unique because it doesn’t charge an origination fee, whereas most other online lenders charge anywhere between 1% and 6% of the total loan amount. Read more