Best Personal Loan Rates for January 2025.

The best personal loan rates start below 7% and are typically reserved for the most creditworthy borrowers. Currently, personal loan interest rates range from around 8% to 36%, with the average rate sitting at 12.31%. These loans provide quick access to cash for various needs, including home improvements and debt consolidation.

At Finance Monthly, our financial experts carefully evaluated and have selected the top 10 personal loan lenders for January 2025 by APR, ensuring they offer competitive rates and favorable terms. Our selection process focuses on four key factors: affordability, availability, customer experience, and transparency.

Here’s our Top 10 Loan Providers Picks by APR for January 2025.

Best For Lender Finance Monthly Rating Loan Term Loan Amount APR Learn More
Home improvement loans

lightstream

 LightStream 4.6 2 to 7 years $5K - $100K 6.99 - 25.29% LightStream
Borrowers with short credit historiesupstart

 

 

 Upstart 5.0 3 to 7 years $1K - $50K 7.80 - 35.99% Upstart
Debt consolidation loans

discoverpersonalloans logo

 Discover® 5.0 3 to 7 years $2.5K - $40K 7.99 - 24.99% Discover
Secured personal loans

best egg

 BestEgg 4.3 3 to 5 years $2K - $50K 7.99 - 35.99% BestEgg
Joint personal loans

lendingclub

 LendingClub 4.6 2 to 5 years $1K - $40K 8.91 - 35.99% LendingClub
Borrowers with good to excellent credit

SoFi

 

 SoFi 5.0 2 to 7 years $5K - $100K 8.99 - 29.99% SoFi
Borrowers with bad to fair credit

avant

 Avant 4.0 2 to 5 years $2K - $35K 9.95 - 35.99% Avant
Borrowers with bad to fair credit

upgrade

 Upgrade 5.0 2 to 7 years $1K - $50K 9.99 - 35.99% Upgrade
Borrowers with bad to fair credit

Universal Credit

 

 Universal Credit 4.8 3 to 5 years $1K - $50K 11.69 - 35.99% Universal Credit
Personal loans

OneMain

 

 OneMain Financial 3.5 2 to 5 years $1.5K - $20K 18.00 - 35.99% OneMain