14 Leading Personal Lending Platforms

14 Leading Personal Lending Platforms


It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market. At its height, LendingClub was the world’s largest peer-to-peer lending platform.  LendingClub is a winner of the World Economic Forum Technology Pioneer Award.

Best for borrowers with average credit



Prosper Marketplace is America’s first peer-to-peer lending marketplace, with over $7 billion in funded loans.  Prosper’s unsecured personal loans are fully amortized over a period of three or five years, with no pre-payment penalties.

Best for borrowers with good credit scores



Payoff is for borrowers who want to consolidate high-interest credit card debt into one fixed monthly payment.  Payoff helps borrowers focus on building credit through the Payoff loan and the minimum required credit score is among the lowest in the industry. Payoff reports payments to the three major credit bureaus. This helps a borrower build credit.

Best for paying off credit card debt



Upstart is an Artificial Intelligence lending platform that partners with banks and credit unions to provide consumer loans using non-traditional variables, such as education and employment, to predict creditworthiness.  Upstart accepts borrowers with a limited credit history and is able to fund loans within one business day.

Best For people with a limited credit history, college degrees and good work history



Peerform provides an online personal loan platform which acts as a marketplace between potential borrowers and investors who lend money. There is no prepayment penalties; you are free to increase the size or frequency of your payments without incurring any additional fees.

Best for good rates for borrowers with good credit



Borrowers can borrow up to $100K which is higher than most lenders. SoFo has no origination fees and SoFi borrowers can have co-signers for joint loan options.  SoFi also offers 0.25% rate discount for setting up auto pay in addition to unemployment protection.

Best for borrowers with good credit looking for low interest rates and zero fees.



LightStream offers personal loans that can be used for almost any purpose, including debt consolidation, home improvement, auto or boat purchase and medical costsLoans can be up to $100,000 and LightStream does not charge an origination fee, late fee or prepayment penalty fee.

Best for borrowers with excellent credit



Upgrade offers customizable loans for fair- and bad-credit borrowers. Upgrade offers significant rate discount for checking account customers and offers rate discount with direct payment to creditors on debt consolidation loans.

Best for borrowers with fair credit


Marcus by Goldman Sachs

Marcus is the online consumer banking and lending division of investment bank Goldman Sachs. Marcus offers one of the best personal loans for borrowers with good or excellent credit.  For borrowers with good credit, Marcus offers unsecured personal loans with competitive rates and zero fees.

Best for borrowers with good credit looking for low interest rates and zero fees



Avant is an online lending platform that offers personal loans to borrowers with below average credit. Avant says that most of its customers have a credit score from 600 to 700.

Best for borrowers with less than average credit


Discover® Personal Loans

Personal loans up to $35,000 and up to 84 months for payment.  No origination fees.  Same-day decision in most cases.  Money can be sent as early as the next business day after you accept the terms of your loan.

Best for borrowers with looking for longer term loans with no origination fees


Rocket Loans

Rocket Loans offers competitive rates on personal loans, same-day funding and range of loan amounts might be the perfect fit for some borrowers with fair-credit. There is no prepayment fee and Rocket Loans offers discount for auto payments.

Best for borrowers with an average credit scores who need fast funding


Best Egg

Best Egg personal loan amounts range from $2,000 to $50,000. Repayment terms are three or five years. Borrowers can use their loan to consolidate debt or refinance credit cards. Loan can also be used to cover large expenses. Best Egg offers direct payment to creditors for debt consolidation loans.

Best For borrowers who want to consolidate debt and qualify for a rate that lowers their interest costs.


Wells Fargo Personal Loan

Wells Fargo’s personal loan is a good choice for borrowers looking for large loans at low rates. Existing Wells Fargo customers will get the most benefits. The lender offers a wide range of loan amounts and repayment terms, no origination fee, and Existing customers can get a .25% rate discount for setting up autopay.

Best for borrowers looking for large loans at low rates

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