3 Best Online Personal Loans at Great Rates 2022

Nowadays, personal loans can be applied in several ways, from traditional banks to online. For those who look for a simple way, applying for online personal loans at great rates becomes a good idea. What you need is to prepare the requirements and upload them online. 

Besides offering lower interest rates, personal loans also have flexible loan amounts and repayment terms. However, you need to choose the best online personal loans to get more benefits from your loans. According to Forbes.com, here are some platforms for personal loans that you can choose in 2022. 

1. SoFi

You may hear about this personal loan. SoFi itself is an online platform to lend loans offering unsecured fixed-rate personal loans. It was founded in 2011, this platform is the best place for those who want to get high loan amounts. 

The range of the loan is from $5,000 to $100,000. The amount of the loan itself may vary from one state to another. That is why you need to check the limit amount of SoFi in your state before applying for the loan. 

Meanwhile, the APR range in SoFi is 7.99% to 23.43% with autopay. Then, talking about the repayment terms, it is from two to seven years. You can choose the term depending on your monthly income. For those who want to apply for the loan, their credit score must be at least 650. 

2. LightStream

LightStream is one of the best online personal loans at great rates. It is a platform offering unsecured personal loans with a minimum credit score of 660, higher than SoFi. The loan amounts you can choose from are from $5,000 to $100,000 with an APR range of 5.24% to 19.99%. 

This loan platform is the merger of SunTrust bank and BB&T under the Truist consumer lending division. Even though many lenders offer a smaller amount of loans, some of the lenders can offer a maximum loan. The repayment itself is the same as SoFi with two to seven years and with a 0.1% interest rate for all applicants who meet the requirements. 

3. LendingPoint

Another online platform to apply for a personal loan is LendingPoint. This is a platform based in Atlanta that can give you personal loans from $2,000 to $36,500. Unfortunately, the APR range is higher compared to SoFi and LightStream, it is 7.99% to 35.99%. LendingPoint can offer you loans in 48 states except for Nevada and West Virginia. 

The repayment terms range from two to five years because of the lower loan amount offered. For those who are interested in applying for a loan on this platform, their credit score is a minimum of 600. So, make sure that your credit score meets the criteria. 

The Bottom Line

Therefore, there are at least three best online personal loans at great rates which you can choose in the US in 2022. You can choose other online platforms offering personal loans such as Upgrade, Universal Credit, and Discover. Above all, you need to check whether you meet their criteria. Otherwise, you can choose the platform with fewer requirements to get a personal loan. 

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