Top 10 online loans companies in usa (January, 2023)

online loans companies in usa

Want to buy a new car? Planning a big fat wedding? Think about having a cup of tea on your couch in your dream house that you’ve been aspiring to for years. Would you like to achieve it? But, with your financial constraints, how will you manage it? Here’s some good news. To help you pull off your ambitions, we’ve sorted out the 10 best online loan companies in the USA. Don’t just be ruminating about your desires, you can bring them off by referring to these. Just be a couch potato and go on reading further.

Marcus by Goldman Sachs-

               PROS-

  • APR- 6.99% onwards
  • Loan Amount- $3,500-$40,000
  • Minimum credit score- 740
  • No origination fees
  • Prequalify with a Soft credit check
  • Direct payment to creditors with debt consolidation loans

CONS-

  • No co-sign or joint loan option

SoFi-

             PROS-

  • APR- 4.99% onwards
  • Loan Amount- $5k -$ 100k
  • Minimum credit score- 680
  • No origination fees
  • Prequalify with a soft credit check
  • Fast funding in 2 days
  • No prepayment penalties
  • Co-borrower can be added

CONS-

  • Does not offer small loans under $5k

Avant-

             PROS-

  • APR- 9.95% onwards
  • Loan Amount- $2k-$35k
  • Minimum credit score- 550
  • Loan terms-2,3,4,5
  • Fast Funding- as soon as the next business day

CONS-

  • Origination fees applicable
  • Min income- $1,200 monthly

Lightstream-

              PROS-

  • APR- 2.4% onwards
  • Loan Amount- $5k-$ 100k
  • Minimum credit score- 660
  • No origination fees
  • No repayment or late fee applicable
  • 0.5% discount for setting autopay

CONS-

  • No flexibility in payment dates
  • No option to pre-qualify

Upstart-

            PROS-

  • Loan amount- $1k- $30k
  • No prepayment penalty
  • Fast funding as soon as 1 business day
  • Accepts borrowers with a lack of credit history
  • Prequalify with a soft credit check
  • Flexibility in choosing payment date

CONS-

  • Loan available for 3-5 term years
  • Higher orientation fees than others

Discover-

          PROS-

  • APR- 6.99% onwards
  • Loan Amount- $2.5k-$ 35k
  • Minimum credit score- 660
  • No origination fees
  • Prequalify with a soft credit check
  • Fast Funding as soon as 1 business day

CONS-

  • Low maximum loan amount
  • No late fees and discounts

Happy money-

             PROS-

  • APR- 7.99% onwards
  • Loan amount- $5k- $ 40k
  • Minimum credit score- 640
  • Prequalify with a soft credit check
  • Fast funding
  • Direct payment with debt consolidation

CONS-

  • Origination fees applicable
  • No option to choose a payment date

Best egg-

       PROS-

  • APR- 5.99% onwards
  • Loan amount- $2k-$50k
  • Minimum credit score- 640
  • Annual % rate can be checked in minutes

CONS-

  • Origination fees applicable

Lending point-

             PROS-

  • APR- 7.99% onwards
  • Loan amount- $2k- $ 36.5k
  • Minimum credit score- 600
  • Prequalify with a soft credit check
  • Fast funding
  • Offers mobile pay to manage loan payments
  • Payment date can be changed

CONS-

  • Does not offer joint, co-signed, or secured loans
  • No large loan amounts

Lend you-

            PROS-

  • Loan amount- $2.5 k onwards
  • Fast and easy application processes
  • Fast funding as soon as the next business day
  • All credit scores are welcome

CONS-

  • Origination fee charges applicable
  • Not the best for excellent credit scores

Happy shopping!