Online banks and fintech lenders now originate roughly 45% of unsecured personal loans in the U.S., according to data from credit reporting bureau TransUnion.
Digital platforms can offer borrowers more convenience and faster funding times than brick-and-mortar institutions, and also frequently have more flexible eligibility criteria.
CNBC Select has chosen the best online personal loan lenders, looking at affordability, fees, repayment terms, funding times, eligibility requirements and other criteria. For more on how we made our selections, read our methodology.
Best online personal loans
Best for bad (or no) credit: Upstart
Who’s this for? Upstart considers applicants with a 300 FICO Score, the lowest possible, as well as borrowers with