If you have excellent credit, you’re in luck. Several lenders offer personal loans to borrowers with strong credit scores. This article will provide an overview of the 5 best personal loans for excellent credit, as well as a few tips on how to get the best interest rate. So, whether you’re looking to consolidate your debt or make a large purchase, read on to learn more about your options.
5 Best Personal Loans for Excellent Credit
Bankrate is one of the best personal loan companies for excellent credit. Bankrate offers unsecured personal loans with fixed rates and terms ranging from 24 to 84 months.
Bankrate loans can be used for different reasons, including consolidating debt, financing a large purchase, or paying for an emergency expense. Bankrate personal loans are available to borrowers with excellent credit, defined as a FICO score of 720 or higher.
Bankrate personal loans have some of the lowest APRs available, starting at 5.99%. Bankrate also offers a co-signer release option, which allows you to remove a cosigner from your loan after you’ve made 24 on-time monthly payments.
This feature is not available with all lenders, making Bankrate an attractive option for borrowers who may eventually want to refinance their loan. Overall, Bankrate offers great rates and terms for borrowers with excellent credit.
If you have excellent credit, you’re in a good position to qualify for a low-interest personal loan. Lending Club is a popular option for borrowers with excellent credit. Bankrate gives Lending Club a 4.5 out of 5-star rating, and it’s our pick for the best personal loan for excellent credit.
Lending Club offers fixed-rate loans with terms of 36 or 60 months. The interest rate you’ll qualify for depends on your credit score and the amount you’re borrowing. For example, if you’re borrowing $10,000 with a 36-month term and have an excellent credit score (720-850), you could qualify for an interest rate as low as 6.95%.
Lending Club doesn’t charge origination fees or prepayment penalties, so you can save money if you pay off your loan early. You can use a personal loan from Lending Club for just about anything, including debt consolidation, home improvements, or major purchases like furniture or appliances.
When you apply for a loan, Lending Club will perform a soft credit check to pre-qualify you. If you decide to move forward with your loan, Lending Club will do a hard credit check, which could affect your credit score.
LightStream is a division of SunTrust Bank and offers personal loans with some of the lowest interest rates available. LightStream requires excellent credit for approval, but offers loans with no fees, no origination charges, and no prepayment penalties.
Loan amounts range from $5,000 to $100,000, and LightStream offers a rate discount for auto-payments. LightStream also offers a unique “Rate Beat Program” which states that if a qualified applicant is offered a lower interest rate by another lender, LightStream will beat that rate by 0.10%.
LightStream personal loans can be used for a variety of purposes including debt consolidation, home improvement, or major purchases. For qualified applicants with excellent credit, LightStream is an attractive option for personal loans.
Credible is one of the best personal loan companies for excellent credit because they offer low interest rates and great repayment terms. Credible also has a good reputation and is known for being a trustworthy company.
Credible offers loans for all types of credit, so whether you have good credit or bad credit, Credible can help you get the loan you need. Credible is also one of the few personal loan companies that does not charge origination fees or prepayment penalties.
This makes Credible a great choice for borrowers who want to avoid these fees. Credible is a great option for borrowers who have excellent credit and are looking for a low-interest personal loan.
Marcus offers personal loans with some of the lowest APRs available to borrowers with excellent credit. Marcus by Goldman Sachs is a leading financial services firm that provides Marcus personal loans to creditworthy borrowers.
Marcus offers Marcus personal loans at low, fixed rates with no fees. Marcus personal loans can be used for a variety of purposes, including consolidating debt, paying off high-interest credit cards, or making major purchases. Marcus personal loans are available in terms of three to six years, and Marcus offers flexible repayment options to suit each borrower’s needs.
Marcus also offers a Marcus Best Personal Loans for Excellent Credit Score program which rewards Marcus personal loan borrowers who maintain an excellent credit score throughout the life of their loan with a lower APR. For Marcus personal loan borrowers who are looking for a lower rate and no fees, Marcus is an excellent option.
If you have excellent credit, there are a number of personal loans available to you. We’ve highlighted some of the best personal loans for excellent credit so that you can get the most out of your good credit score. Now it’s time to compare rates and find the perfect loan for your needs. Thanks for reading!