You are surrounded by various lenders online. Have just a few clicks on your mouse, and you can get lenders. It’s easy. But you need the best personal loan interest rate. Right? A slight reduction in your interest rate can make you save a lot in the long run. We bring forth this blog to help you to make a wise decision. Your dreams, our Support!

Why can personal loans be your choice?

One of the most advantageous features of personal loans is that unlike mortgage loans, car loans or home loans that have a specific purpose, a personal loan can be used for different purpose like vacations, wedding, home renovations, home repair, land purchase, etc. Moreover, simplified procedures of application and approval make it easy to avail.

Here are some of the loan providers that you can consider while searching personal loan provider:

Wright-Patt Credit Union-

It allows the consumer to create an online account and enables them to Easily apply for the Personal loan.
The applicant can also track the progress of his application online.
One of the best feature offers by Wright-Patt is that it has a personal line of credit feature which enables the person to access funds periodically rather than taking over the entire amount in one go.

Discover Bank-

It is one of the most popular financial service providers in the US.
One can choose this bank for a personal loan and skip on credit card for big purchases or debt consolidation.
The bank renders an online platform for the applicants to get the quick approval of their loan.
This makes Discover's personal loan application and approval a quick process and also an efficient one.

Best Egg-

It is the online platform form Cross River Bank that caters to loan application online.
It is based in New Jersey and has provided loans to thousands of people.
Best Egg offers a low-interest rate of 5.99% but its APR is fluctuating which can go up to 29.99 %, this is because the origination fees of Best Egg can be up to 5.99%.
If the lower interest rates entice you, it is advisable that you must get specific quotes from the bank based on your situation.
As per the claims of Best Egg, they have the fastest loan application, approval and disbursal procedure.

Lending Club –

If you have a poor credit score and are looking for a financial institution that can provide you with the loan, then you might just want to look at Lending Club.
It is a P2P or peer-to-peer lending platform that has the legacy of more than a decade.
Since it’s a peer-to-peer lending option, it becomes a boon for those who cannot meet the stringent eligibility parameters specified by the conventional banking system.
It takes around 7 days to process the loan and also doesn’t have prepayment penalties.

Here is the tabular representation of some of the best personal loan providers with their APR, Term and Max Loan Amount

Financial Institutions	APR	Term	Maximum Loan Amount
Lending Club	6.95% to 35.89%	30 to 60 months	$40,000
LightStream	3.34% to 16.99% (with Autopay)	24 to 144 months,	$100,000
Earnest	6.99% to 18.24%	12 to 36 months	$75,000
Peerform	5.99% to 29.99%	36 to 60 months	$25,000
Avant	9.95% to 35.99%	24 to 60 months	$35,000
Discover	6.99% - 24.99%	36 - 84 months	$2,500 - $35,000
SoFi	6.99% to 14.99% (with Autopay)	36 to 84 months	$100,000
Best Egg	5.99% - 29.99%	36- or 60 months	$2,000 to $35,000
Wright-Patt Credit Union	7.99-17.99%	Up to 60 months	$40,000
FreedomPlus	4.99% to 29.99%	24 to 60 months	$40,000

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