Are you in need of a personal loan online? If so, then let’s look at some of the best online lenders for this service. It is important to note that online lending has become incredibly popular recently because it offers many benefits not found in traditional banks. These include quicker processing times and more flexible repayment plans. Take your time reading through this article to learn how online loans work and what they can offer you!
What should I know about this?
The first online personal loan lender we’ll look at is Lending Club. This company has been in business since 2007 and offers unsecured loans up to $40,000. They have an A+ rating from the Better Business Bureau and pride themselves on providing lower interest rates than traditional banks. In addition, their processing time is rapid- you can often receive your funds within days of applying!
If you’re looking for a slightly smaller loan amount, check out Prosper. This online lending platform offers loans between $2000 and $35,000, with APRs starting at just five percent. What’s excellent about Prosper is that they allow you to choose your repayment schedule.
We hope this information has been helpful to you.