Best Unsecured Loans of August 2021: Compare Options

• Pros:
  • Fast approval and funding
  • No prepayment fee
• Cons:
  • High APR

OppLoans personal loans are designed for people with bad credit.

OppLoans personal loans range from $500 to $4000. The loan may be funded as quickly as the next business day.

OppLoans does not charge a prepayment penalty.

• Pros:
  • No Prepayment Fee
  • Autopay Discount
  • Fast approval and funding
  • Simple application process
• Cons:
  • Origination Fee
  • No secured loan options

RocketLoans offers personal loans to qualified borrowers with fair to excellent credit score who need to borrow up to $45,000.

The loan is not available in Iowa, Nevada, West Virginia.

Rates range from 5.97% (with autopay) to 29.99% (without it). The loan origination fee ranges from 1% to 6%.

• Pros:
  • Fast approval and funding
  • Simple application process
  • No Origination Fees
• Cons:
  • No Autopay Discount
  • For PenFed customers only
  • Extra Fees
  • 24/7 customer service

PenFed Credit Union offers loans in all 50 states.

All loans are subject to a minimum monthly payment of $50.

PenFed Credit Union offers personal loans up to $35,000, with terms of 36 - 60 months. The interest rates range from 5.99% to 17.99%.

• Pros:
  • Fast approval and funding
  • Simple application process
• Cons:
  • Origination fee
  • Extra Fees
  • No Autopay Discount
  • Not available in all states

Prosper offers personal loans with fixed-rate APRs that vary from 7.95% to 35.99%. Loan terms are available for 3 or 5 years.

All applicants must have a minimum credit score of 640.

Prosper offers fixed-rate APRs that vary from 7.95% to 35.99%. Loan terms are available for 3 or 5 years.

The origination fee ranges from 2.41% to 5%. Prosper charges $15 for failed payments or returned checks. Payments that are 15 or more days late are assessed a late fee.

If you don't qualify for a personal loan with Prosper, consider applying with a co-applicant.

• Pros:
  • A clear payment plan
  • A set payoff date
  • Fast approval and funding
  • Simple application process
• Cons:
  • Origination fee
  • Extra Fees
  • No Autopay Discount
  • Not available in all states

Prosper offers personal loans with fixed-rate APRs that vary from 7.95% to 35.99%. Loan terms are available for 3 or 5 years.

All applicants must have a minimum credit score of 640.

Prosper offers fixed-rate APRs that vary from 7.95% to 35.99%. Loan terms are available for 3 or 5 years.

The origination fee ranges from 2.41% to 5%. Prosper charges $15 for failed payments or returned checks. Payments that are 15 or more days late are assessed a late fee.

If you don't qualify for a personal loan with Prosper, consider applying with a co-applicant.

• Pros:
  • Fast approval and funding
  • Simple application process
  • A clear payment plan
  • A set payoff date
• Cons:
  • Origination fee
  • Extra Fees
  • No Autopay Discount
  • Not available in all states

Prosper offers personal loans with fixed-rate APRs that vary from 7.95% to 35.99%. Loan terms are available for 3 or 5 years.

All applicants must have a minimum credit score of 640.

Prosper offers fixed-rate APRs that vary from 7.95% to 35.99%. Loan terms are available for 3 or 5 years.

The origination fee ranges from 2.41% to 5%. Prosper charges $15 for failed payments or returned checks. Payments that are 15 or more days late are assessed a late fee.

If you don't qualify for a personal loan with Prosper, consider applying with a co-applicant.

• Pros:
  • No Origination Fee
  • Fast payment
  • Flexible repayment terms
• Cons:
  • Late Payment Fee
  • No secured loan options
  • No cosigners allowed

Discover Bank offers interest rates from 6.99% to 24.99%. Discover offers personal loans of up to $35,000 in 50 states.

The bank doesn't offer bad credit loans.

Discover offers a 30-day money-back guarantee on its loans. You can return the loan funds within 30 days without paying any interest.

Discover charges a $39 late fee.

• Pros:
  • No Origination Fee
  • Fast payment
  • Flexible repayment terms
• Cons:
  • Late Payment Fee
  • No secured loan options
  • No cosigners allowed

Discover Bank offers interest rates from 6.99% to 24.99%. Discover offers personal loans of up to $35,000 in 50 states.

The bank doesn't offer bad credit loans.

Discover offers a 30-day money-back guarantee on its loans. You can return the loan funds within 30 days without paying any interest.

Discover charges a $39 late fee.

• Pros:
  • No Origination Fee
  • Fast payment
  • Flexible repayment terms
• Cons:
  • Late Payment Fee
  • No secured loan options
  • No cosigners allowed

Discover Bank offers interest rates from 6.99% to 24.99%. Discover offers personal loans of up to $35,000 in 50 states.

The bank doesn't offer bad credit loans.

Discover offers a 30-day money-back guarantee on its loans. You can return the loan funds within 30 days without paying any interest.

Discover charges a $39 late fee.

• Pros:
  • No Origination Fee
  • Fast payment
  • Flexible repayment terms
• Cons:
  • Late Payment Fee
  • No secured loan options
  • No cosigners allowed

Discover Bank offers interest rates from 6.99% to 24.99%. Discover offers personal loans of up to $35,000 in 50 states.

The bank doesn't offer bad credit loans.

Discover offers a 30-day money-back guarantee on its loans. You can return the loan funds within 30 days without paying any interest.

Discover charges a $39 late fee.