Top 10 Personal Loans to Consider in 2025

1. SoFi

Why We Recommend It: SoFi is an excellent option for personal loans, thanks to its attractive interest rates and adaptable repayment options. Their loan products address various financial requirements, and the online application process is efficient and easy to navigate.

Pros: SoFi offers unique member advantages, including career coaching and networking opportunities. They also provide unemployment protection, which gives borrowers an extra layer of security.

Cons: One significant disadvantage is SoFi's elevated minimum credit score requirement of 680, which could restrict access for certain applicants.

Qualifications: To be eligible for a loan with SoFi, applicants need to have at least a credit score of 680, a reliable source of income, and a positive debt-to-income ratio.2. Discover

Why We Recommend It: Discover stands out as a leading option for personal loans, thanks to its clear loan process and attractive interest rates. Their dedication to outstanding customer service and adaptable repayment plans contributes to their popularity among borrowers.

Pros: One of the main advantages of Discover is its flexible repayment options, along with the lack of origination or prepayment fees.

Cons: The increased minimum credit score requirement of 660 may disqualify certain potential borrowers.

Qualifications: To qualify for a Discover personal loan, you generally need a credit score of at least 660, in addition to a stable income and a manageable debt-to-income ratio.3. Upgrade

Why We Recommend It: Upgrade provides a compelling option with its competitive interest rates and transparency regarding fees, as there are no hidden charges. Additionally, the option to include co-applicants can enhance your likelihood of approval.

Pros: The ability to add a co-applicant and the absence of prepayment penalties are major benefits of Upgrade.

Cons:Certain borrowers may perceive the loan amounts provided by Upgrade as restricted.

Qualifications: To qualify for an upgrade, applicants typically need a minimum credit score of 620 and an annual income of at least $35,000. The application process includes an evaluation of financial stability and the ability to repay.

4. Upstart

Why We Recommend It: Upstart is recognized for its groundbreaking method of assessing personal loans, considering criteria beyond conventional credit scores, including education and employment history.

Pros: Upstart's quick approval process and intuitive online platform are significant advantages.

Cons: The elevated minimum APR could lead to higher interest expenses for certain borrowers.

Qualifications: Upstart evaluates several criteria for eligibility, including a minimum credit score of 580. Additionally, applicants must have an annual income of at least $12,000 and a debt-to-income ratio of less than 45%.

5. PenFed Credit Union

Why We Recommend It:PenFed Credit Union provides attractive rates and terms, with membership open to a wide range of individuals, including military members and government employees.

Pros: PenFed offers competitive interest rates and adaptable repayment options, allowing borrowers to save money.

Cons:Membership is necessary, which may include joining an association or contributing a small donation.

Qualifications: Membership is available to military personnel, government employees, and their families. While a solid credit history and a stable income are required, specific credit score criteria are not provided.

6. OppLoans

Why We Recommend It: OppLoans serves those with less-than-ideal credit, offering fast approval and rapid access to funds.

Pros: Their flexible credit score criteria and simple application process are beneficial.

Cons: Increased interest rates could result in elevated total loan expenses.

Qualifications:OppLoans places greater emphasis on income, job stability, and banking history rather than credit scores. However, a minimum credit score of 500 is preferred.7. U.S. Bank

Why We Recommend It: U.S. Bank provides attractive rates and terms, along with the ease of in-person banking services.

Pros: Key advantages include access to branch support and discounts for automatic payments.

Cons: The elevated credit score requirement set by U.S. Bank could restrict access for certain individuals.

Qualifications: A minimum credit score of approximately 680 is generally necessary, along with considerations like income and employment history.8. Lake Michigan Credit Union

Why We Recommend It: Lake Michigan Credit Union (LMCU) provides competitive rates and a seamless online application process, focusing on fast approval times.

Pros: The primary benefits include low interest rates and flexible repayment options.

Cons:Membership is necessary and may require meeting certain criteria or contributing a donation.

Qualifications: Membership is open to individuals who live, work, or worship in specific counties, as well as those who are connected to current members. A good credit history and a stable income are required.

9. Navy Federal Credit Union

Why We Recommend It: Navy Federal Credit Union provides customized financial products specifically designed for military members and their families, featuring attractive rates and terms.

Pros: Their low interest rates and personalized service stand out.

Cons: Membership is restricted to military personnel, veterans, and Department of Defense employees.

Qualifications: Eligibility is available to military members, veterans, and their families, emphasizing the importance of a solid credit history and a reliable income.10. Patelco Credit Union

Why We Recommend It: Patelco Credit Union provides attractive rates and tailored service, along with adaptable loan options to meet diverse requirements.Pros: Their attractive interest rates and absence of prepayment penalties are major advantages.

Cons: Membership is restricted to individuals residing in designated California counties or those associated with particular organizations.

Qualifications: Membership is open to residents of eligible counties or associated individuals. A positive credit history and a stable income are necessary.

Selecting the appropriate personal loan requires assessing your financial circumstances, comprehending the loan terms, and comparing different options. Use this guide as a foundation to identify a loan that aligns with your needs and supports your financial objectives.