We all have taken personal online loans at some point in life or the other. They are the ultimate saviors in the moments of crisis. If you are also considering the option of taking online loans, then we have the right thing for you. Read along:
- SoFi: If you are looking forward to refinancing your credit card debt or even borrow cash, then SoFi offers some of the best rates that are available. This company is willing to offer rates that are very competitive, sometimes below 5%, without an organizational fee. The best part about SoFi is that they do not offer any origination fee as well as the prepayment penalty. SoFi charges no fee as well lend the money to you at minimal rates.
- Lightstream: People who have an excellent credit should definitely choose Lightstream. It is basically a part of the bank whose name you might be familiar with, SunTrust Bank. The purpose for which you are taking online loans will determine the interest rate that you will be charged. If you purchase a new car, interest rates can be as low as 1.99% even. Also, home improvement loans are available for as low as 3.99%, which makes them even cheaper than home equity loans.
- LendingClub: Though not popular like the other ones, this one is going to make it soon in the market of online loans. Based on your credit profile as well as needs they will offer you a wide range of rates. The upfront fee is 1 to 6%.
- Upstart: This company will let you borrow till $35,000 for 3 years. The upfront fee is 2.8% to 6%. They will take into consideration your area and genre of study too and offer great rates for good students.
Therefore, online loans are best taken from these places. Hurry up!