Best Personal Loans 2024 Top 10 Lenders Low Interest Personal Loans: Whether you’re looking to finance a major purchase, consolidate debt, or handle an unexpected expense, a personal loan can provide the funds you often need at competitive rates to reach your financial goals. With so many lenders out there, finding the right lender can be overwhelming.

Best Personal Loans 2024

10 Best Loans

That’s where we come in. The Fortune recommends editorial team has carefully reviewed over 20 personal loan providers, ranking them based on interest rates, loan amounts, terms, fees, funding speed, and customer service to bring you the 10 best options available.

Best Personal Loans 2024 Top 10 Lenders Low Interest Personal Loans

Number ten City Bank City earns a spot on our list thanks to its attractive interest rate discounts on personal loans.

if you sign up for autopay when you apply City offers a 0.5% APR reduction Existing City Gold and City Priority customers get an additional 0.25% interest rate discount upon approval City account holders can receive their funds the same day, non-City account holders can receive their money within two business days using direct deposit however if you opt for a check it may take up to five business days.

Number nine is Discover Bank founded in 2000. Discover Bank is a well-established financial services company that offers a full suite of banking products that are part of its Discover. Financial Services at KAG the company behind the popular Discover credit card stands out on our list with its flexible, low-cost personal loan options with an initial interest rate of 7.99%.

This Apr is competitive in the market borrowers can choose from a variety of loan amounts and repayment terms Discover loan terms are on par with other leading lenders making it a reliable choice for anyone looking to borrow money for a variety of needs.

Number eight PNC Bank headquartered in Pittsburgh ranks as the sixth largest Bank in the United States with over half a trillion dollars in Assets across 2,300 branches located mostly east of the Mississippi, PNC Bank is an excellent choice for those looking for a short term loan with low interest rates, their loan terms start at just 6 months with minimum loan amounts starting at $11,000.

This makes PNC a great choice for anyone needing a quick cash injection for a home improvement project or other emergency.

Seven American Express known for its credit cards is also among the top personal loan lenders because of its low interest rates and no origination fees. You can borrow up to $40,000 with a repayment term of up to 60 months usually the funds are deposited into your account within 3 to 5 days.

After approval note that American Express personal loans are only available to qualified cardholders. You will undergo a credit check and must submit a formal application to receive the loan, while these loans are ideal for debt consolidation you cannot use them to pay down or consolidate balances on AMX cards.

number six TD Bank Your TD fit loan is an excellent choice for fast financing with no additional fees or penalties TD Bank has no operating or application fees, but there is a late payment fee of 5% of the minimum payment due or $10, whichever is less.

Loan terms range from 36 to 60 months allowing borrowers flexibility in payments there are no penalties for early repayment and approved borrowers typically receive funds in as little as one business day.

Number five Wells Fargo San Francisco-based Wells Fargo offers a variety of banking products including checking and savings accounts, certificates of deposit CDs and a variety of loan options for individuals, small businesses and corporations. Wells Fargo’s minimum APR for personal loans is often more competitive than most other banks. Borrowers have up to 84 months to repay their loans. The bank also features a highly rated mobile app, has about 4,000 branches and more than 11,000 ATMs across the U.S., making it easier for customers who are dealing with other personal loans.

Four PenFed Credit Unions Pentagon Federal Credit Union based in Virginia PenFed operates nationwide through online banking services and an extensive ATM network. PenFed is the only credit union on our list that offers some of the lowest personal loan rates available to highly qualified borrowers.

Secured interest rates as low as 7.99% with PenFed You can borrow up to $50,000 and have up to 60 months to repay your loan. They do not charge origination or early settlement fees PES Penal and you can expect to receive your funds within one to two business days after verification. They do not charge origination or early settlement fees PES Penal and you can expect to receive your funds within one to two business days after verification.

Number three Sofi Sofi ranks high on our list for its competitive rates and no late fees plus borrowers can receive their loan funds the same day they are approved. Sofi is prepared for the unexpected during your repayment period if you lose your job through no fault of your own.

You can apply for unemployment protection Sofi adjusts your monthly payments and provides job placement assistance during your forbearance period.

Number two bhg money bhg money a Florida based bhg Financial brand specializes in providing personal loans to professionals and businesses National bhg money stands out by offering much larger loan amounts up to $200,000 with no collateral and extended repayment terms of up to 120 months.

This gives you more time to repay the larger loan after applying you can expect a decision within 24 hours and receive your funds in as little as three business days.

Number one is an online lender that offers a variety of loans including personal auto loans and home improvement they also provide savings accounts high yield personal loans light stream has a lower potential APR than many competitors and a variety of loan terms up to 144 months.

Best of all light stream does not charge any origination or late fees and can fund your loan as soon as the same day you are approved.

Plus if you are approved for an unsecured personal loan through another lender light stream will beat their rate by 0.10% out of the gate and there you have it top 10 personal loans for August 2024 whether you need fast cash for an emergency the lowest loan for debt consolidation or Flexible terms for a major purchase.