Best Unsecured Personal Loans of 2022

In a perfect world, we would all have mountains of cash saved up to cover any emergency or unexpected expense that comes our way. But for most of us, saving for a rainy day is easier said than done. If you find yourself in need of some extra money but don’t have time to wait around for your next payday, a personal loan may be the solution you’re looking for. And if you’re looking for the best unsecured personal loans available, you’ve come to the right place. Here’s a look at some of the top contenders for the best unsecured personal loan in 2022.

Best Unsecured Personal Loans of 2022

Upstart

Upstart is a good option when it comes to unsecured personal loans because it offers borrowers the lowest rates and the ability to choose their repayment terms. With Upstart, you can borrow up to $50,000 with no origination fees. And, you can choose to repay your loan over 3 or 5 years. Additionally, Upstart offers a 0.25% rate discount if you sign up for autopay. So, if you’re looking for an unsecured personal loan with low rates and flexible repayment terms, Upstart is a great option.

SOFI

SoFi is a better choice for unsecured personal loans for many reasons. One reason is that there are no origination fees. Another reason is that you can get a fixed rate loan with terms of three or five years. Third, you can choose to have your payments autopay from your checking or savings account, which helps to avoid late payments. 

Finally, SoFi offers unemployment protection, which means that if you become unemployed, they will lower your monthly payment or pause it together for some time. This protection gives borrowers peace of mind in knowing that they won’t default on their loans if they unexpectedly lose their job. Overall, these reasons make SoFi the best unsecured personal loan option for borrowers who want the lowest possible interest rate and the most flexible repayment terms.

Marcus

Marcus by Goldman Sachs is a leading unsecured personal loan provider. What makes Marcus the best unsecured personal loan provider? First, Marcus offers unsecured personal loans with no fees. This means that there are no origination fees, late fees, or prepayment penalties. Second, Marcus offers fixed-rate unsecured personal loans. This means that your interest rate will not change over the life of your loan. Third, Marcus offers unsecured personal loans with terms of 3 to 6 years. This gives you the flexibility to choose a repayment plan that best fits your needs. 

Fourth, Marcus is a leading unsecured personal loan provider because it offers some of the lowest interest rates in the industry. For example, the current interest rate for a 3-year unsecured personal loan from Marcus is just 6.99%. Lastly, Marcus is committed to providing excellent customer service. This means that you can expect to receive prompt and courteous service from their professional representatives. 

Discover

Discover is a leading unsecured personal loan provider, offering a variety of loans to suit different needs and budgets. One of the things that makes Discover a best unsecured personal loan provider is their commitment to customer service. 

They offer a range of flexible repayment options, and their team is available to help with any questions or concerns you may have. Another thing that sets Discover apart from other unsecured personal loan providers is their competitive interest rates. 

Discover offers some of the lowest interest rates on unsecured personal loans, making it an affordable option for borrowers. Lastly, Discover also offers a number of unique features, such as their free credit score tracker and personalized loan recommendations. These features make Discover a best unsecured personal loan provider for those looking for an affordable and easy-to-use loan option.

Best Egg

Best Egg unsecured personal loans are some of the best on the market. Here are some things that make them a great choice: 

  • They have some of the lowest interest rates available, making them an affordable option. 
  • They offer a fixed interest rate, so you know exactly how much you’ll need to pay each month. 
  • They have a simple online application process, and you can get pre-approved in minutes. 
  • Once you’re approved, you can receive your funds in as little as one business day. 
  • You can use your loan for any purpose – there’s no restrictions on how you can use the money. 

Whether you’re looking to consolidate debt, finance a large purchase, or anything in between, Best Egg unsecured personal loans are a great option to consider. With their low interest rates and fast funding, they’re one of the best choices on the market.

Why should I use an unsecured personal loan?

If you’re in need of extra cash, an unsecured personal loan could be a good option. Unlike a secured loan, which requires collateral such as a home or car, an unsecured loan is not backed by any asset. This makes unsecured loans less risky for borrowers, but also means that they typically come with higher interest rates. 

However, if you have good credit and can qualify for a low interest rate, an unsecured personal loan could be a cheaper option than other types of loans, such as credit cards. Another benefit of unsecured loans is that they can be used for a variety of purposes, including debt consolidation, home improvements, or emergency expenses. So if you’re considering taking out a loan, an unsecured personal loan could be a good option to consider.

Conclusion

If you are in need of a personal loan, it is important to do your research and find the best option for you. We have provided a list of the best unsecured personal loans for 2022 to help make your decision easier. Be sure to compare interest rates, fees, and other terms before deciding on which loan is right for you.