5 best personal loans for reasonable credit

A personal loan can help you consolidate debt or finance a large purchase. But if your credit isn't strong, your options may be more limited - or you could face higher rates if approved. All of our options for the best personal loans to have reasonable credit allow you to check your potential terms without a hard credit check that could affect your credit score.

If you're looking for a personal loan with reasonable credit, you may have options to explore – but you'll want to keep a close eye on loan terms such as fees, interest rates and repayment terms.What is fair credit? FICO considers the credit score range from 580 to 669 (on an 850 scale) to be fair and it says your score is below average but "many lenders will approve loans with this score." Meanwhile, VantageScore models 3.0 and 4.0 rated scores from 601 to 660 as "fair".

The lenders we've chosen all say they offer personal loans to people with reasonable credit - although it's important to remember that they can consider other factors such as income, payment history, and employment history during the review process.
Another important thing to know is that each loan we list here allows you to apply for pre-selection so that you can shop and compare potential terms without affecting your credit score – and no loan will charge a pre-payment penalty if you pay off your loan early.

Keep in mind that these lenders may not work in every state, so be sure to check that they're available where you live.
Read on to see how we make the best personal loans to get reasonable credit and what makes each of those loans stand out.
Best for multiple refund terms: AvantWhy Avant stands out: Avant's loan repayment period ranges from 24 to 60 months, which can give you more options for the time you have to pay your loan. Just keep in mind that with a longer repayment period, your monthly payment may be smaller, but you may have to pay more interest over that longer period.

Fees: Avant can charge you a management fee (also known as an initiating fee) of up to 4.75%, which will be deducted from your loan fund. Avant may also charge overpaying fees and unworthy payment fees.Loan amount: Avant offers unsecured personal loans from $2,000 to $35,000, but the loan amount varies as required by the state.What to know: Avant said most of their borrowers have credit scores between 600 and 700 - from medium to high of the reasonable credit range.

Best choice for secured loans: OneMain FinancialWhy OneMain Financial stands out: OneMain also has a range of potential periods of 24 to 60 months. But unlike our other options, it also has a secured personal loan option that can help you qualify for the money you need. Secured loans require collateral as a vehicle. So if you can't repay the debt for a secured loan, OneMain can take your property.

Fees: OneMain charges a start fee and the amount varies depending on where you live. In some states, that would be a fixed fee (ranging from $25 to $400). In other states, initial fees range from 1% to 10%. OneMain also charges late payment fees and insufficient fees.Loan amount: OneMain's personal loan ranges from $1,500 to $20,000, depending on your state's laws. Lenders can offer various loans on Credit Karma.What to know: OneMain may also allow you to apply with a co-applicant, which can help you get better loan terms or approvals. But keep in mind that for any OneMain loan, you will have to complete the application process in yourself. After applying for a preliminary application, you will have to meet with a lender at a branch to discuss your options.
Best without starting fee: ELoanWhy ELoan stands out: Eloan is the only lender on our list who says they won't charge you an initial fee. That's a big problem because the initial fee can increase the cost of your loan or reduce your existing amount at the start. Like Avant and OneMain, ELoan says their repayment period ranges from 24 to 60 months.

Fees: Although there are no original fees and ELoan promises "no hidden fees" such as subscription fees or membership fees (or up-paying penalty fees), the lender says that "any fees associated with your loan during its term will be detailed in your loan contract". So if you apply for a preliminary application and receive an offer, be sure to look for other possible charges.Loan amount: Eloan offers personal loans of between $2,000 and $35,000. You can see different loans on Credit Karma.What to know: While Eloan said it receives applications from a variety of "credit platforms," it added that people with "high" credit scores often have the highest approval rates.

Best for small loans: Upstart
Why Upstart stands out: If you only want to borrow a small amount of money, Upstart offers personal loans starting at only $1,000 in most states (you can see different loans on Credit Karma). This can help you if you don't want to borrow more than necessary.

Fee: If you are approved, Upstart may charge an initial fee of up to 8%. Fees are deducted upfront from your loan fund. The company also charges late fees and return fees.
Loan amount: Along with offering smaller loans, Upstart also offers the largest loans of all our options – up to $50,000 for eligible people. Be prepared to fight back if you think you will be tempted to borrow too much.
Things to know: Upstart is a peer-to-peer lending organization, which means it directly connects potential borrowers with investors who choose which loans they want to fund. The lender said it considers factors such as occupation and education - in addition to credit and income reports - when reviewing your application. And Upstart offers only two options on loan terms: 36 or 60 months.

Best for fast funding: LendingPoint
Why LendingPoint stands out: LendingPoint says that after receiving all forms and loan application documents, it can complete the loan approval process "in just a few hours in many cases". This may be LendingPoint's most notable feature – but it's good to know that all of our other options for the best reasonable credit loans require funding for the "next business day," under certain conditions.

Fees: LendingPoint may charge you initial fees between 0% and 6% if you are approved. You can choose to fund the start fee or deduct it from your loan fund. While the lender's website says it doesn't charge up paying penalties, it does not provide other up-to-prepay information for other possible charges such as late payments or authorizations.
Loan amount: LendingPoint offers personal loans from $2,000 to $25,000.
What to know: LendingPoint requires a minimum income of $35,000. Lenders say they'll look at things like work history and credit behavior when reviewing your application. It also said it typically reports your loan payment history to at least one of the credit offices, which can help you build credit if you pay on time. The loan term can be from 24 months to 48 months.

What you should know about personal loans with reasonable credit
Personal loans can help you finance things like credit card debt station, emergency costs, home repairs. You can also use loans for large expenses such as a dream vacation or a wedding.

But keep in mind that even the best personal loans for reasonable credit can have high-interest rates compared to personal loans for those with strong credit. If you have a pre-loan timeout, you can build up your credit before signing up to try to get better loan terms.

If you really need money right now, adding a co-signer or co-signer to your loan can help you qualify for a loan or get a better interest rate. In addition to OneMain, here are some other lending institutions that allow co-signer or co-signer.

Shopping around and comparing loan terms before you make a decision can help you make the best possible choice for your situation. Applying for a preliminary application will help you know the loan terms you can get, so take advantage of that opportunity. Again, all lenders on our list provide a preliminary process so as not to affect your credit score. Just be aware that the formal registration process may include a hard credit check, which can reduce your score by a few points.

Keep in mind that your final loan terms or approvals may vary, so read carefully the fine print of any offers you receive.

Finally, make sure that the monthly payments of a personal loan will fit your budget.

How we choose these loans
When considering the best personal loans for fair credit, we looked at factors such as the ease of loan application procedures, interest rates, loan amounts, fees, and whether lenders offer flexible loan terms.