Best personal loan options for 2019 are the ones that offer low-interest rates as well as flexible repayments terms. There are many lucrative personal loan options out there to choose the best for you according to your budget that offers competitive interest rate. They can cover all your personal expenses whatever they may be and on time payments can add to your better credit scores. Personal loans are fixed amount of money borrowed unlike credit cards leaving you with no option for getting in debt. It is best if they charge no application fees but even if they do, they are still better than credit cards and the best option for debt consolidation.

Some of the Best Personal Loan Options for 2019 are:

1. SoFi
It is one of the best lenders for getting a personal loan with lower interest rates and flexible terms and conditions. Their typical APR ranges from 5%-15% and you can borrow a minimum of $5,000 and a maximum amount of $100,000 that you have to pay for the duration of 7 years. They have a nice perk of temporarily pausing the monthly payments if by any chance you go unemployed making it one of the best personal loans of 2019. You can also refinance your student loans with SoFi. You need a 660 minimum credit score to be eligible for the loan. There is no origination fees and no penalty for prepayment. SoFi members are awarded a 0.125% rate discount. The application for the personal loan is easy to apply and you get a robust 7 days a week customer service for your queries.

Prosper offers one of the best personal loan options for 2019 at low-interest rates. You can apply for a loan up to $35,000 which you need to return for the duration of 3 to 5 years. Prosper allows you to consolidate your debts so as to manage them effectively and offers several other loans at a competitive interest rate making them higher on the most preferred list. Their Fixed rates range from 5.99% to 35.99% APR. You won’t anytime hear about the hike in the interest rates and there is no prepayment penalty. Your credit score won’t be affected by checking your rates. The lender has no hidden rates and no application fees. $2,000 is the least amount you can borrow from the prosper which is very approachable as compared to the others.

3. Marcus by Goldman Sachs
It is one of the personal loan lenders that offer loan consolidation offers to the ones with a good credit history between 700 and 740. The minimum credit score application eligible is 660 and the maximum duration of loan repayment varies from 36 to 72 months. You can loan a maximum amount of $40,000 and a minimum of $3,500. Their typical APR varies from 6.99% to 23.99% and they charge $0 of application fees. There is an advantage of penalty-free skip payment if you have made the executive 12 payments on time in a row. There are no penalty fees charged for late payments.

4. Citizens Bank
Getting a personal loan from Citizens Bank is quick, easy and flexible that can help you achieve all your financial goals. Whether its some major occasion, home improvement or any kind of major purchase, Citizens Bank is one of the best personal loan options for 2019 to be considered. They even offer loan consolidation to manage your loans more easily. You can apply for a minimum of $5,000 loan and a maximum of $50,000. The application process takes only minutes and once you are done, you can get your e-documents uploaded for easy access online. You can choose your repayment duration so as to customize the loan accordingly.

Do check out our blog post on Best Airline Credit Cards.

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