Top 10 Personal Loans in the USA With the Lowest Interest Rates

Personal loans are a popular way to cover unexpected expenses, consolidate debt, or fund big purchases. But with so many options available, finding the best personal loans with low interest rates is key to saving money over time.

In 2025, the rise of digital lending has made it easier than ever to apply through your phone, with many of the top 10 loan apps in the USA offering fast approval and competitive APRs.

In this article, we’ll break down the best loan apps for low interest rates in the USA, helping you compare and choose the right lender based on your needs.

Whether you're seeking traditional loans or more modern app-based solutions, we’ll guide you through your options for securing a personal loan with low interest rates that suits your financial needs.

Why Low Interest Rates on Personal Loans Matter: Save Money Over Time

Personal loans in the USA with the lowest interest rates can save you a substantial amount of money. The lower the interest rate, the less you'll pay over the life of the loan.

This is especially crucial when borrowing large sums of money, as high-interest rates can lead to affordable monthly payments but result in much higher overall costs due to excessive interest payments.

For instance, imagine taking out a $10,000 personal loan for three years with an interest rate of 10%. Over the life of the loan, the total amount you repay will be significantly higher compared to a loan with a 5% interest rate, even if the monthly payments appear similar.

By choosing personal loans in the USA with the lowest interest rates, you can reduce the total cost of borrowing. This allows more of your money to go towards paying down the principal loan amount, rather than being consumed by interest.

Ensuring you have the best rates available can make a significant difference in your financial health, especially when managing larger loans.

10 Best Personal Loans with Low Interest Rates in the USA (2025)

When it comes to borrowing money, securing a personal loan with a low-interest rate can save you hundreds, if not thousands, of dollars in the long run.

Low-interest loans allow you to focus more on repaying the principal amount rather than getting bogged down by high interest costs. If you're in the market for a personal loan, it's important to compare various lenders to find the best deal.

Here’s a list of the 10 best personal loans with low interest rates in the USA in 2025, each offering competitive rates, flexible terms, and transparent fees.

1. SoFi Personal Loans

SoFi offers personal loans from $5,000 to $100,000 with competitive APRs ranging from 5.99% to 17.25%. Terms are 24 to 84 months, and there are no fees involved. SoFi is perfect for borrowers with strong credit, offering member perks and unemployment protection.

2. LightStream by Truist

LightStream provides loans from $5,000 to $100,000 with APRs as low as 5.73%. With loan terms up to 144 months and no fees, it’s ideal for excellent-credit borrowers looking to finance major purchases.

3. Marcus by Goldman Sachs

Marcus loans range from $3,500 to $40,000 with APRs between 6.99% and 24.99%. There are no fees at all, and borrowers can get a 0.25% discount for setting up autopay. Great for those with a credit score of 660 and above.

4. Discover Personal Loans

Discover offers personal loans from $2,500 to $35,000 with APRs from 6.99% to 24.99%. Loan terms run 36 to 84 months, and there are no prepayment or origination fees. U.S.-based support and easy online management make it user-friendly.

5. Upstart Personal Loans

Upstart offers loans from $1,000 to $50,000 with APRs from 7.99% to 35.99%. Loan terms are 24 to 84 months, and approval is AI-powered. It's great for those with limited credit history but stable income. Fast funding in 1-2 business days.

6. Payoff Personal Loans

Payoff focuses on credit card debt consolidation, offering personal loans from $5,000 to $40,000 with APRs between 5.99% and 24.99%. Terms range from 24 to 60 months.

There’s no late fee or prepayment penalty, and loans are designed to help borrowers improve credit. A minimum credit score of around 640 is recommended, making it a great option for responsible borrowers looking to eliminate high-interest credit card debt.

7. Best Egg Personal Loans

Best Egg offers personal loans between $2,000 and $50,000 with competitive APRs ranging from 5.99% to 29.99%. Loan terms span 36 to 60 months. Designed for borrowers with a minimum credit score of 640, Best Egg is a solid option for debt consolidation, home improvement, or major expenses.

Origination fees range from 0.99% to 8.99%, and borrowers can enjoy fast approval and funding—often as soon as the next business day.

8. LendingClub Personal Loans

LendingClub offers personal loans from $1,000 to $40,000 with APRs ranging from 6.95% to 35.89%. Terms are available for 36 or 60 months.

As a peer-to-peer lending platform, LendingClub connects borrowers with individual investors. It's best suited for borrowers with fair to good credit, offering flexible loan uses like debt consolidation or emergency expenses.

Origination fees range from 1% to 6%, and the minimum credit score required is around 600.

9. OneMain Financial Personal Loans

OneMain Financial specializes in personal loans for borrowers with fair or poor credit, offering loan amounts from $1,500 to $20,000. APRs range from 18.00% to 35.99%, with loan terms of 24 to 60 months.

OneMain provides both secured and unsecured loan options, with the potential for same-day funding. While origination fees vary by state, the in-person application process makes it a solid option for those who prefer face-to-face service and need flexible loan options.

10. Rocket Loans (Quicken Loans)

Rocket Loans offers personal loans from $2,000 to $45,000 with APRs ranging from 7.13% to 29.99%. Loan terms are available in 36 or 60 months. Rocket Loans provides fast online approval and funding, often on the same day, making it a great option for urgent needs.

With a minimum credit score of 640+, this is an ideal choice for borrowers who need quick and flexible financing, particularly for emergencies or major purchases.

How to Choose the Best Personal Loan with Low Interest Rates

Selecting the best personal loan with low interest rates can save you significant amounts of money in the long run. Here’s a quick guide to help you decide:

Check Your Credit Score: Most lenders offer the lowest rates to borrowers with excellent credit. If your credit is less than stellar, you may want to work on improving your score before applying.

Compare Lenders: Don’t settle for the first loan offer. Compare interest rates, loan terms, fees, and customer reviews to find the best deal.

Consider Loan Terms: While lower rates are important, make sure the loan term suits your financial goals. A longer loan term might come with a lower monthly payment, but it could also result in higher total interest over time.

Check for Fees: Some lenders charge origination fees or early repayment penalties. Make sure you understand all the costs involved before agreeing to the loan.

Look for Flexibility: Ensure the lender offers flexible repayment options that suit your budget and financial situation.

Final Thoughts

Securing a personal loan with a low-interest rate can significantly reduce your financial burden and help you achieve your financial goals faster. Whether you’re consolidating debt, making a major purchase, or paying for an unexpected expense, choosing the right loan is crucial to your financial health.

The personal loans listed above offer some of the best interest rates available in the USA in 2025. Be sure to compare your options, review the loan terms carefully, and apply for the loan that works best for your financial needs.

Frequently Asked Questions (FAQs)

1. Which bank has the lowest interest rate on personal loans?

The bank with the lowest interest rates can vary based on your credit profile and location. However, some of the banks and lenders that typically offer competitive rates include LightStream, SoFi, Marcus by Goldman Sachs, and Upstart. Interest rates can range from as low as 5% to 10%, depending on factors like credit score and loan amount.

2. Which bank has the lowest interest rate with bad credit?

For individuals with bad credit, lenders like OneMain Financial, Avant, and Upstart are known to offer personal loans with relatively lower interest rates compared to traditional banks. While interest rates can be higher for bad credit borrowers, these lenders may provide loans with rates starting around 20% or even lower, depending on the situation.

3. What is the average interest rate on personal loans in the USA?

The average interest rate on personal loans in the USA typically ranges from 10% to 28%, with lower rates being available to borrowers with good to excellent credit. Rates vary based on credit score, loan amount, term length, and the lender’s specific policies.

4. How can I qualify for a low-interest personal loan?

To qualify for a low-interest personal loan, you’ll generally need a good credit score (700+ or higher), a stable income, and a low debt-to-income ratio. Lenders may also look at your employment history, credit utilization, and financial stability. Higher credit scores generally lead to lower interest rates, so focusing on improving your credit can help secure the best rate.

5. What factors affect the interest rate on personal loans?

Several factors affect the interest rate on personal loans, including:

• Credit score: Higher scores typically lead to lower rates.
• Loan term: Shorter loan terms often come with lower interest rates.
• Income and debt-to-income ratio: A higher income and lower debt may help you qualify for better rates.
• Lender: Different lenders have different rate structures.
• Collateral (for secured loans): Offering collateral can lower your interest rate.

6. Can I get a personal loan with no credit check?

While most traditional lenders conduct credit checks, there are some lenders, such as No Credit Check Loans or Peer-to-Peer Lending Platforms, that may offer personal loans with no credit check. However, these loans usually come with higher interest rates to offset the risk. Be cautious of payday lenders, as they often charge extremely high-interest rates.

7. What is the best personal loan for people with good credit?

For individuals with good credit, lenders like LightStream, SoFi, and Marcus by Goldman Sachs offer some of the best personal loans. These lenders typically offer competitive interest rates (as low as 5% to 10%) and flexible loan terms with no fees. Online lenders may also offer quicker approval processes and convenient application methods.

8. What is the typical loan term for personal loans?

The typical loan term for personal loans is between 2 to 5 years. Some lenders may offer terms as short as 1 year or as long as 7 years. Shorter loan terms generally come with lower interest rates, while longer terms may have higher rates but lower monthly payments.

9. How do I compare personal loan offers effectively?

When comparing personal loan offers, consider the following:

• Interest rate: This determines how much you'll pay in interest over the life of the loan.
• APR (Annual Percentage Rate): The APR includes both the interest rate and any fees charged by the lender, giving you a more accurate picture of the total cost.
• Fees: Look for hidden fees such as origination fees, prepayment penalties, and late fees.
• Repayment terms: Check the length of the loan and the monthly payments to ensure they fit your budget.
• Lender reputation: Read reviews and check the lender’s customer service ratings.

10. Are there any fees associated with personal loans?

Yes, some personal loans come with fees, which may include:

• Origination fee: A fee for processing the loan, usually ranging from 1% to 8% of the loan amount.
• Late payment fees: Charged if you miss a payment.
• Prepayment penalty: Some lenders charge fees for paying off the loan early, although many lenders do not have this fee.
• Application fee: Rare, but some lenders may charge this upfront.