Zooming In on 5 Industry Leaders
Personal loans are an extremely diverse product, and it should be no surprise that the lenders that issue them are diverse as well. Below is a list of the top lenders in the industry, and what makes them uniquely qualified to meet the lending needs of their customers.
# 1 SoFi
SoFi is a peer-to-peer lender known for its low rates and flexible terms. They differentiate themselves with their commitment to student debt refinancing. They will even help with career placement when their customers graduate from school or lose their job. Read SoFi Review >>
LendingTree is an online marketplace connecting potential borrowers with qualified lenders. Using LendingTree means being able to select from several lenders to choose the loan terms that will best meet your needs. Read LendingTree Review >>
#3 Lending Club
As a public company and a peer-to-peer lender, Lending Club is one of the best capitalized alternative lending marketplaces in the world. With an emphasis on technology to determine creditworthiness, they can reduce transaction costs to provide low interest rates, which is why they have issued over $13 billion in loans since inception. Read Lending Club Review >>
Prosper is a unique peer lending platform. In addition to a creditworthiness check, potential borrowers can explain the reasoning for their loans. Lenders can fund people directly based on their loan reasons. Read Prosper Review >>
LoanStart is one of the top loan aggregators in the industry. Their expertise in building technology solutions designed to qualify borrowers perfectly matches a borrower’s loan qualification with the lenders that can provide the best terms. Read LoanStart Review >>
Now that you know what makes personal loan companies applicable and unique, find the best lender to match your borrowing needs.