Benzinga’s personal loan reviews make it possible for anyone to find the financing they need for any of life’s little moments, emergencies, projects or dreams. Remember, you are looking at the minimum credit score you need to qualify for a loan, interest rates and much more.
When you pull all these factors together, you may also look over online application opportunities, mobile apps, reviews, complaints, fees, contact methods and even use cases for these loans before making your decision. Powered by this information, you can choose the best personal loans for your family, improving your financial situation and emboldening you to dream big for the future.
Meet the Reviewers
Sarah Horvath
Sarah Horvath is a financial writer located in New York City, New York. She focuses on the topics of insurance and investing for retirement. Horvath has written for numerous websites and publications, and her work regularly appears on websites like Robinhood’s news feed and Benzinga.
As Benzinga looks to provide the most accurate and actionable reviews of personal loan providers, there are several data points used to reach these conclusions. As you review this information, remember that it is much more than a random number chosen as a rubber stamp for the lender.
Benzinga goes to great lengths to review items like online ratings, loan terms, fee structures, minimum credit ratings and much more. Therefore, you can see the final rating and how the team at Benzinga came to that conclusion.
Using solid data and timely evidence to build a personal loan review, you will learn from Benzinga where these companies succeed and where they fall short. Not only are you given the rating that helps point you in the direction of a quality lender, but you can see where that company excels, allowing you the freedom to choose a lender that suits your needs and the situation.
You can choose a lender based on its fee structure because terms are not a concern. You may be more interested in a mobile app or quality customer service, and you can quickly scan the list to determine which companies have the attributes you prefer.
Balancing Facts With Big Data
When Benzinga encounters massive swaths of data, it can be difficult to uncover the whole truth about a lender. As a result, personal loan providers that offer services in multiple states were normed for the most populous state, giving you an idea of what the average level of service, interest rate, etc. might be.
How Points Were Awarded
Collecting data on these lenders allowed Benzinga to gather quite a lot of information that was converted into a points system. Below, you can see how points were awarded so that you know how these lenders were ranked and rated—compared to one another via their many commonalities.
Can You Apply Online?
Yes
1 point
No
0 points
Loan Terms
1-2 years
1 point
1-3 years
2 points
1-4 years
3 points
1-5 years
4 points
1-6+ years
5 points
Origination Fees
$0
5 points
$1 - $10 or 1% of the loan
4 points
$10 - $50 or 2% of the loan
3 points
$50 - $100 or 3% of the loan
2 points
More than $100 or 4% of the loan
1 point
Late Fees
$0
5 points
$1 - $10 or 1% of the loan
4 points
$10 - $50 or 2% of the loan
3 points
$50 - $100 or 3% of the loan
2 points
More than $100 or 4% of the loan
1 point
Minimum Credit Score
0 - 330
5 points
331 - 450
4 points
451 - 550
3 points
551 - 650
2 points
651+
1 point
APR
Starting at 0% - 3%
5 points
4% - 10%
4 points
11% - 15%
3 points
16% - 20%
2 points
21%+
1 point
Loan Amounts
Up to $1000
1 point
Up to $5000
2 points
Up to $50,000
3 points
Up to $100,000
4 points
$100,000+
5 points
BBB Rating
<B
0 points
B
3 points
A
5 points
Number of BBB Complaints
<B
5 points
B
3 points
A
0 points
TrustPilot Stars
1 star
1 point
2 stars
2 points
3 stars
3 points
4 stars
4 points
5 starts
5 points
Customer Service Responsiveness
Scored 1 through 5 points based on interaction with the customer service team.
