Comparing 18 offers. Updated July 22, 2026.
SoFi is a leading online lender offering personal loans up to $100,000 with no fees, fast funding, and member perks like unemployment protection.
LightStream is the online lending division of Truist Bank offering unsecured personal loans up to $100,000 with some of the lowest APRs in the US market.
Marcus by Goldman Sachs offers no-fee personal loans with fixed rates, on-time payment rewards, and the backing of one of Wall Street's most trusted names.
Discover offers fixed-rate personal loans with no origination fees, 30-day money-back guarantee, and direct payment to creditors for debt consolidation.
Upgrade offers personal loans from $1,000 to $50,000 with flexible terms up to 7 years and accepts joint applicants and co-signers.
Best Egg specializes in fast, fixed-rate personal loans up to $50,000 with the option to use a vehicle as collateral for lower rates.
LendingClub is one of America's largest personal lenders, offering loans up to $40,000 with joint application options and direct creditor payments.
Prosper is America's first peer-to-peer lender, offering personal loans up to $50,000 funded by individual and institutional investors.
Happy Money (formerly Payoff) focuses exclusively on credit card debt consolidation with fixed-rate personal loans up to $40,000.
Achieve (formerly FreedomPlus) offers personal loans with rate discounts for using a co-borrower, securing the loan, or paying down debt directly.
Rocket Loans, part of the Rocket Companies family, offers fast online personal loans up to $45,000 with same-day funding for qualified borrowers.
Wells Fargo offers unsecured personal loans up to $100,000 with no origination fees and rate discounts for existing customers with qualifying accounts.
U.S. Bank offers unsecured personal loans up to $50,000 with no origination fees for both existing customers and new applicants in eligible states.
PenFed Credit Union offers competitive personal loans starting at $600 with no origination fee, open membership for all US residents.
Truist Bank, formed by the merger of BB&T and SunTrust, offers personal loans with no origination fees and a 0.25% autopay discount.
PNC Bank offers unsecured personal loans and lines of credit with no application fees and rate discounts for existing customers with qualifying deposit accounts.
Citizens Bank offers no-fee personal loans up to $50,000 plus one of the most popular student loan refinance programs in the US through Citizens Student Loans.
Universal Credit, a brand of Upgrade, offers personal loans designed for fair credit borrowers with credit-builder tools and direct creditor payments.
Debt consolidation means combining several debts, usually credit cards, into a single loan with one fixed monthly payment. The right consolidation loan reduces your APR, simplifies budgeting, and shortens the time to debt-free.
Consolidation makes sense when you have multiple credit card balances at 18 to 29 percent APR and can qualify for a personal loan at 8 to 15 percent. On a $15,000 balance, dropping from 22 percent to 11 percent APR saves roughly $2,800 over 3 years.
Top picks are SoFi and LightStream for prime credit, Marcus by Goldman Sachs for no-fee loans, Happy Money for credit-card-only payoff, Discover for direct creditor payments, and Upgrade for joint applications with a cosigner.
Origination fees of 1 to 8 percent reduce the amount you actually receive. Stretching the term too long can leave you paying more interest in total even at a lower APR. Run the total-cost math before consolidating.
It causes a short-term dip of about 5 points from the hard credit pull. Within 3 to 6 months, your score usually improves because the consolidation loan lowers your credit utilization ratio on revolving accounts. Keep the paid-off credit cards open to maintain available credit.
Your consolidation loan APR must be lower than the weighted average APR of the debts you are consolidating. If your credit cards average 22 percent and the best loan you qualify for is 21 percent, consolidation does not save money.
Discover, LendingClub, Upgrade, and Happy Money offer direct payment to creditors as a feature. This ensures the funds go to debt payoff rather than back into your checking account where they can be spent.
The shortest term you can afford. A 3-year loan saves significant interest compared to a 5 or 7-year loan, even at the same APR. Use a loan calculator to compare total cost across terms before signing.