5.99 - 21.49 %
APR
2 - 6 years
Loan Term
Check rates
On partner's site

Best Personal Loans with No Origination Fee of May 2024

Compare personal loans with no origination fees on Myfin.us.

Updated May 18, 2024
Showing 25 personal loans for best personal loans with no origination fee
APR
5.99 - 21.49 %
with Autopay
Term
2 - 6years
Loan amount
$5,000 - $100,000
  • Minimum credit:
    scorer
    Fair (580-669)
  • Autopay discount:
    0.5%
  • Origination fee:
    No origination fee.
  • Funds available in:
    1 business day.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Low rates
    • No fees
    • Fast approval and funding
    • Rate discount for autopay
    • Digital experience
  • Cons:
    • Minimum loan amount is a bit high
    • Requires a long credit history

LightStream is the online lending division of Truist (formerly SunTrust Bank).

The key feature of LightStream's online personal loans is that they can be up to $100,000 and used for nearly any reason.

LightStream charges no fees on its personal loans. Plus, it offers to send you $100 if you’re unsatisfied with the loan process.

See LightStream full product review
Check rates
On partner's site
APR
6.99 - 24.99 %
with Autopay
Term
3 - 6years
Loan amount
$3,500 - $40,000
  • Minimum credit:
    scorer
    Fair (580-669)
  • Autopay discount:
    0.25%
  • Origination fee:
    No origination fee.
  • Funds available in:
    5 business days.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • No fees
    • Autopay discount
  • Cons:
    • Long time to receive funds
    • No Cosigner Option

Marcus offers unsecured personal loans up to $40,000 with rates from 6.99% to 24.99%.

Marcus does not charge origination, late payment and check processing fees.

See Marcus by Goldman Sachs full product review
Check rates
On partner's site
APR
7.99 - 23.43 %
with Autopay
Term
2 - 7years
Loan amount
$5,000 - $100,000
  • Minimum credit:
    scorer
    Good (670-739)
  • Autopay discount:
    0.25%
  • Origination fee:
    No origination fee.
  • Funds available in:
    1 business day.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Fast approval and funding
    • Rate discount for autopay
    • No Fees
  • Cons:
    • Not available to residents of Mississippi
    • No secured loan option

SoFi loans range between $5,000 to $100,000.

The APR range is from 7.99% to 23.43% (with discounts). Loan terms are available for 2 or 7 years.

The loan is not available in Mississippi.

SoFi personal loans have no fees: no origination fees, no late fees, no prepayment penalties.

See SoFi full product review
Check rates
On partner's site
APR
6.99 - 21.49 %
with Autopay
Term
2 - 6years
Loan amount
$5,000 - $100,000
  • Minimum credit:
    scorer
    Fair (580-669)
  • Autopay discount:
    0.5%
  • Origination fee:
    No origination fee.
  • Funds available in:
    1 business day.
  • Loan Purpose:
    Other
  • Pros:
    • Low rates
    • No fees
    • Fast approval and funding
    • Rate discount for autopay
    • Digital experience
  • Cons:
    • Minimum loan amount is a bit high
    • Requires a long credit history

LightStream is the online lending division of Truist (formerly SunTrust Bank).

The key feature of LightStream's online personal loans is that they can be up to $100,000 and used for nearly any reason.

LightStream charges no fees on its personal loans. Plus, it offers to send you $100 if you’re unsatisfied with the loan process.

See LightStream full product review
Check rates
On partner's site
APR
7.99 - 16.49 %
with Autopay
Term
1 - 6years
Loan amount
$1,500 - $35,000
  • Minimum credit:
    scorer
    Fair (580-669)
  • Autopay discount:
    0.5%
  • Origination fee:
    No origination fee.
  • Funds available in:
    1-3 business days.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • No fees
    • Autopay discount
  • Cons:
    • Requires excellent credit for lowest rates

BMO Harris Bank offers personal loans from $1,500 to $35,000. You can borrow money for a term ranging from 12 to 72 months.

Your APR may be as low as 7.99% and as high as 16.49%. Rate includes a 0.50% rate discount for Auto Pay.

APR
6.99 - 18 %
Term
6years
Loan amount
$30,000
  • Minimum credit:
    scorer
    Fair (580-669)
  • Origination fee:
    No origination fee.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Easy application process
    • No origination fees
    • Flexible repayment terms
  • Cons:
    • No autopay discount

BECU offers personal loans up to $30,000 with repayment terms as long as 72 months, and APRs start at 6.99%.

APR
6.49 - 18.49 %
with Autopay
Term
1 - 5years
Loan amount
$2,000 - $50,000
  • Minimum credit:
    scorer
    Fair (580-669)
  • Autopay discount:
    0.25%
  • Origination fee:
    No origination fee.
  • Funds available in:
    1 business day.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Autopay discount
    • No origination fee or prepayment penalty
  • Cons:
    • No co-signers permitted

Fifth Third Bank offers fast and convenient personal loans.

The Bank offers loans from $2,000 to $50,000.

The APR range is from 6.49% to 18.49%. Loan terms are available for 12 or 60 months.

The Bank charges a late fee, but only if you do not pay after the 10-day grace period. The actual fee is not disclosed.

APR
5.14 - 8.64 %
with Autopay
Term
1 - 5years
Loan amount
$2,000 - $500,000
  • Minimum credit:
    scorer
    Fair (580-669)
  • Autopay discount:
    0.25%
  • Origination fee:
    No origination fee.
  • Funds available in:
    1 business day.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Autopay discount
    • No origination fee or prepayment penalty
  • Cons:
    • No co-signers permitted

Fifth Third Bank offers fast and convenient secured personal loan.

The Bank offers loans from $2,000 to $500,000.

The APR range is from 5.14% to 8.64%. Loan terms are available for 12 or 60 months.

The Bank charges a late fee, but only if you do not pay after the 10-day grace period. The actual fee is not disclosed.

APR
7.24 - 18.26 %
with Autopay
Term
1 - 7years
Loan amount
$2,500 - $100,000
  • Minimum credit:
    scorer
    Good (670-739)
  • Autopay discount:
    0.25%
  • Origination fee:
    No origination fee.
  • Funds available in:
    1 business day.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • No origination or prepayment fee
    • Autopay discount
  • Cons:
    • Must be a USAA member

USAA Bank provides personal loans that can be used for any purpose.

USAA Bank offers personal loans that range from $2,500 to $100,000, with repayment terms from 12 to 84 months.

APR
7.99 - 9.99 %
Term
1 - 5years
Loan amount
$1,000 - $5,000
  • Minimum credit:
    scorer
    Fair (580-669)
  • Origination fee:
    No origination fee.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • No origination fee or prepayment penalties
    • Quick and easy online application
  • Cons:
    • No autopay discount

With Greylock FCU you can borrow up to $5000 (based on your creditworthiness) for debt consolidation, vacation, furniture, or other major expenditures. The Credit Union does not charge a loan origination fee.

For example, if you apply for a 2-year $5,000 personal loan with an interest rate of 15% and an origination fee of 5% you would receive $4,750 and make 24 payments of $242.43. The total amount paid would be $5,818.
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Showing 25 personal loans
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  • Personal Loan
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Choose your personal loan type