Personal Loan companies are well recognized with offering individuals with credit to buy immediately and pay back the borrowed amount over time. Numerous companies such as banks, private lenders, credit unions and peer-lending companies offer personal loans. Customers with predictable monthly income are given priority in receiving personal loans. Personal loans are often utilized to consolidate high-interest debts, finance big purchases such as houses or land or used to fund new businesses. Consumers can borrow money for the personal loan either in person or online. A personal loan can get you the quick funds you require in short order if you meet the requirements. They are a popular tool for amalgamating and reducing high-interest credit card debt, providing fixed interest rates and payment plans, making the loan repayment easier to budget for. Personal loans are classified as unsecured loans since they do not require security. Additionally, they are preferred to most credit cards because one can borrow a huge amount conceivably at a lower rate. When utilized responsibly, personal loans can help bridge a financial shortage in no time. Companies offering personal loans are compared in terms of LOW APRs, Higher loan limits, flexible terms, accessibility and low or no fees. Below is a list of best personal loan lending companies that targets borrowers who have substantial credit.

Lending club

Ranked among the top America peer to peer lenders with loans up to $40,000 in a year. It is popular among the lenders due to its lenient credit scores policies that require a minimum of 600. It is widely spread across America conducting business in more than 47 states with an APRs range from 5.99% to 35.89%* APR. The lending club boasts of competitive interest rates, transparency and wide availability that puts it first among other lenders.

Wells Fargo

A well-established personal loan lending company with a repayment term ranging from 12 to 6o months with no origination fees. Offers loans from $3,000 to $100,000 with and advertised APRs of 6.25% to 19.75%. Wells Fargo boasts of highly competitive rates with a convenience of large branch network across the world.

Prosper

Ranked as the second largest lending company after lending club with a minimum credit score of 640 and loans from $2,000 to 3,000 at APRs ranging from 5.99% to 35.97%. It operates in more than 47 states in the U.S with impressive transparency hence preferred by many individuals.

Lightstream

Lightstream is an offshoot of sun trust bank that offers excellent rates for creditworthy borrowers. Lightstream is highly preferred because it offers loans with no registration and prepayment fees. Has flexible terms and high borrowing limits making it a darling among prospective borrowers who require massive amounts and a longer repayment time.

Personalloans.com

Personalloans.com offers a wide variety of loans ranging from personal bank loans, installment loans, and peer-to-peer loans. Has an advertised APRs ranging from 5% to 36% with loans amounts up to @35,000.