Best Personal Loans of June 2024
In June 2024, Forbes Advisor released a list of the best personal loans available for borrowers. The list includes the following top picks:
1. SoFi: Best Personal Loan for Good to Excellent Credit
2. Upgrade: Best Personal Loan for Bad Credit
3. LightStream: Best Personal Loan for Low Interest Rates
4. PenFed: Best Personal Loan for Credit Union Financing
5. Happy Money: Best Personal Loan for Credit Card Debt Consolidation
6. U.S. Bank: Best Personal Loan for Traditional Banking
7. Upstart: Best Personal Loan for No Credit
8. LendingPoint: Best Personal Loan for Below Average Credit
These lenders offer various loan amounts, APR ranges, and terms to cater to different borrower needs. Personal loans are a versatile form of financing that can be used for a variety of purposes, such as debt consolidation, home improvements, vacations, and more.
When comparing personal loans, it’s essential to consider factors like interest rates, fees, eligibility requirements, and customer support options. Borrowers should also prequalify with multiple lenders to find the best terms and rates for their financial situation.
Overall, personal loans can be a helpful financial tool, but borrowers should carefully evaluate their needs and financial circumstances before taking out a loan. It’s important to choose a reputable lender and understand all terms and conditions before signing a loan agreement.
