Personal loans are popular among consumers as they offer to cover expenses, such as medical, travel, and weddings. These loans generally have fixed annual rates that vary widely and can be a safe and least costly way of closing any financial issues. Each lender has different features from no fees and soft credit checks. We’ve evaluated the best personal loans based on rates, terms, loan options, customer reviews, and overall quality.
SoFi offers online personal loans that are ideal for people who want to borrow money at a low cost. You can use the loan for personal, family or household needs. Borrowers can't use the loan for real estate, business purposes, investments, purchase of securities, postsecondary education, or short-term bridge financing.
Upgrade personal loan features include minimal fees and multiple usages, including refinancing credit cards, debt consolidation, home improvement, and major purchases. However, you can’t use it for post-secondary education expenses, investment gambling, or illegal activities.
