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