If you are looking for a personal loan with monthly payments, there are many online lenders to choose from. You should compare rates, fees and terms based on your unique situation to find the best option for you.
Installment loans are a great option for borrowers who want to spread their repayment over a period of time. They can be used for a variety of purposes including debt consolidation, paying for a vacation or major home repairs.
Avant
Avant is an online lender catering to lower-credit borrowers https://loansforall.org/cashmart/ who may not be able to get loans elsewhere. They have a quick application process and disburse funds as soon as possible.
They offer a wide range of loan amounts, making it easy to fund projects such as home improvement or emergency expenses. But it’s worth keeping in mind that they charge relatively high interest rates for people with less-than-ideal credit.
In addition, they don’t allow borrowers to add a co-signer to their loan. This could make it more difficult for someone with less-than-ideal credit to borrow money, especially if they’re also trying to build their credit.
Happy Money
Happy Money works with a network of verified lenders who originate loans. It offers an online portal that allows you to track payments and access your account.
In addition, Happy Money provides a free FICO score that you can update once a month. This helps you to keep track of your credit score and see if it is improving as you pay down debt.
To qualify for a Happy Money loan, your credit score needs to be at least 640. You also need to have no delinquencies on your credit report.
To get started, you’ll need to complete a short online application. You can then choose a Payoff Loan or other type of personal loan that suits your needs.
LightStream
LightStream offers a wide variety of loans for people of all financial backgrounds. The lender accepts credit cards, auto loans, mortgages and other forms of installment lending.
The company also offers recreational loans for purchases of boats, aircraft and motorcycles. These loans do not require collateral and have no fees or prepayment penalties.
In addition to personal loans, LightStream offers debt consolidation and refinancing options. Its online application process is fast, and you may receive funds as soon as the same day.
To qualify for a loan, applicants must have at least several years of credit history and a stable income. Generally, the lender prefers borrowers with credit scores of at least 660.
OneMain Financial
OneMain Financial is a well-reviewed lender with a large customer base and low application fees. It offers unsecured and secured loans.
They don’t disclose a minimum credit score requirement and consider your income, expenses, financial history and other factors when approving an application.
You can apply online or over the phone to see if you qualify for a loan with a soft credit check. Once you’re approved, you can choose your repayment options and set up automatic payments.
OneMain Financial offers loans in 44 states. You can make your payments by phone, mail or in person at a OneMain branch.
Upgrade
Upgrade is an online lender that offers a personal loan with monthly payments. Their website makes it easy to apply, and the process is simple.
They also offer a mobile app for managing your account. Their customer reviews are positive, and they have a solid BBB rating.
Applicants can choose from loans up to $50,000. They can borrow money to pay off credit cards, consolidate debt, or make home improvements.
This lender does not impose prepayment penalties, which is a plus for borrowers who want to repay their loans early without incurring additional fees. Its repayment terms are long, though, and borrowers should consider that when applying.