Personal Loan Companies Comparison
Lender | Fees | How Soon You Get Money | Repayment Terms | States |
Avant | • Administrative fee: 4.75%. • Late fee: $25 (in most states) • Unsuccessful payment fee: $15 (in most states) • Prepayment fee: None. | As soon as the next business day | 24 to 60 months | All except for Colorado, Iowa, Vermont, and West Virginia |
Earnest | No origination fee | Decision: About 5-10 business days. Funding: Within 1-2 business days after signing. | 36 to 60 months | You currently reside in the District of Columbia or one of the 45 states other than Alabama, Delaware, Kentucky, Nevada, and Rhode Island |
FreedomPlus | Origination Fee of 0%-5% | As soon as 1 day | 2 to 5 years | Alabama, Alaska, Arizona, Arkansas, California, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, and Washington D.C. |
Marcus | None | Within 5 days | 3 to 6 years | All 50 states and Puerto Rico |
SoFi | None | Within a few days after you sign loan documents. | 24 to 84 months | Every state other than Mississippi |
OneMain Financial | Origination fee charged but varies by state. | Average time from application to funding is one day, though you have to visit a branch in person before funding. | 24, 36, 48 or 60 Months | 45 states in the US. All states other than Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island, and Vermont, and also not in Washington D.C. |
Prosper | Origination 2.41% to 5%, Late Fee once 15 days late 5% of the monthly payment or $15, whichever is greater. Failed payment fee $15 | 1-3 weeks, with strong applications that need limited review taking 1 week | 3 years or 5 years | Every state other than Iowa and West Virginia |
Wells Fargo | No fees | 1-7 days | 12 to 60 months | 39 states. All states except Hawaii, Illinois, Iowa, Kentucky, Louisiana, Maine, Michigan, New Hampshire, Ohio, Vermont, and West Virginia |