Personal Loans Online – 5 Best Online Personal Loans With Low Rates in 2021

If life is throwing you a few financial curveballs, personal loans can (and should) come to your rescue. From unexpected costs like your car breaking down or your roof caving into covering depleted finances for everyday expenses; it’s never been easier to access personal loans than it is in 2021.

In this personal loans USA guide, you’ll get to learn what personal loans are, how to qualify, and their common uses. We provide a full review of the best and most reliable platforms backed by facts and expert analysis. You’ll also get to discover the types of personal loans available, states where you can or can’t get personal loans, and their advantages and disadvantages. You’ll also find out why it’s better to get a personal loan instead of a credit card and the steps to sign up and get the cash you need. Let’s dive in!

Table of Contents

#1 Personal Loan in 2021 – Credit Clock


Best Personal Loans Online in 2021 – Quick Pick

  1. Credit Clock – Best Overall for Personal Loans USA. Visit now.
  2. Money Lender Squad – Good for Bad Credit Personal Loans. Visit Now.
  3. Very Merry Loans – Good for Personal Loans with Quick Deposits. Visit now.
  4. Viva Payday Loans – Good for Personal Loans for Unemployed Individuals. Visit Now.
  5. Heart Paydays – Good for Personal Loans with Fast Approvals. Visit now.

What are Personal Loans Online?

Personal loans are a form of credit that allows you to borrow a lump sum of money paid directly into your account. You then have to repay the principal amount plus interest in regular monthly payments or installments over the chosen loan term until it’s settled.

Personal loans are often called unsecured loans or signature loans. You typically don’t have to provide any of your assets as collateral for loan repayments. Lenders will only need your signature and a promise to repay in the agreement.

Lenders will often look at your affordability and creditworthiness when assessing your application. Your monthly income and expenses determine such affordability. Personal loans feature fixed interest rates and repayment amounts that don’t change throughout the loan’s term.

The interest rate you get will usually depend on your credit score and whether the loan is secured or not. You can be charged the least interest rate with an excellent credit history. Most lenders will still consider your application even if you have bad credit, a non-existent credit history, or are unemployed.

However, you’ll likely get higher interest rates to reflect the risks involved, especially if there’s no guarantor or security to offset the risk of lending to unemployed or bad credit borrowers.

How to Qualify for Online Personal Loans – Eligibility Criteria

Different USA personal loans lenders will use independent criteria to assess your application. Each will consider you individually, and you’ll not always get the same decision.

Some offer outstanding amounts and rates to those with favorable credit scores, while others concentrate on bad credit personal loans. Whichever the case, basic requirements you must fulfill to qualify for personal loans include:

  • Be at least 18 years of age or older.
  • Be a permanent resident of the United States.
  • Have regular income that can repay the borrowed amount.
  • Have a bank account in your name.

Remember, lenders may still consider additional factors, including your credit score, lifestyle, and expenses, and they’ll all influence the decision-making process.

Common Uses of Personal Loans Online

You can spend the money from personal loans for almost anything you want. Common uses include:

Consolidating High-Interest Debt

Debt consolidation involves paying off multiple outstanding high-interest debts using the proceeds from a single loan. If you owe money on debts with high-interest rates like credit cards or store cards, you can use a personal loan with a lower rate to pay off those debts at once.

Once you’ve eliminated those debts, you’ll only be making one manageable monthly payment for the personal loan instead of multiple payments to different creditors. With favorable interest rates, you’ll benefit from the simplicity and reduced costs of a single loan.

Home Improvements

An unsecured personal loan for home improvements makes sense if you don’t have enough equity in your home to qualify for other financing options. Home improvement projects are a great way to reinvest in your property, increasing its value and curb appeal.

Personal loans can help you cover the costs of your desired goals, including a new bathroom, kitchen, extensions, or conversions. They’ll also come in handy when you need urgent home maintenance or repairs like a leaking roof or termite extermination.

Investing in Yourself

Investing in yourself is the most profitable investment. Personal loans can provide the funds you need to learn new skills for career advancement or when you need to start a business. Taking out a personal loan for focused self-improvement is sensible and recommended.

If you have a business idea and no funds for capital, a personal loan can help you get started. It can provide cash injections for the business and help you cover current and future needs, including resources, equipment, stock or relocation, and expansion costs.

Credit Improvement

Getting a loan can be challenging with bad credit, especially among traditional lenders. Specialized lenders can help you acquire a personal loan with bad credit, and it will help you improve your credit score by repaying diligently.

The best part is that bad credit personal loans are small and easy to repay, and you’ll be on your way to positive credit scores before you know it. Making repayments on time will reflect positively on your credit score, show lenders you’re reliable, and help you qualify for more significant amounts in the future.

An Emergency

While we’re all advised to set aside some savings for a rainy day, emergencies have a way of creeping up on you when you’re least prepared. Emergencies often necessitate borrowing, especially if it’s a medical emergency.

A personal loan makes sense when you face steep medical expenses or other emergencies, and there’s no other way out. It can provide the quick cash needed to cover the costs if you don’t have enough savings or insurance.

5 Best Personal Loans Online – Fully Reviewed

1. Credit Clock – Overall Best for Personal Loans USA

Credit Clock is an excellent platform that offers one of the most dependable ways to get personal loans online in the US. They help eligible Americans with all kinds of budgets and credit scores by connecting them to suitable lenders free of charge!

Credit Clock is not a lender. When you apply for personal loans, they do the leg work to find you an appropriate lender who is likely to approve your request based on your situation and needs. The application process is oh-so-easy, and you’ll only need a few minutes to complete it.

  • Affordable amounts
  • Repayment flexibility
  • Quick approval and funding
  • All FICO scores welcome

Credit Clock believes waiting is overrated and fast approvals are guaranteed provided you’re eligible and can afford the loan. They’ll not keep you waiting around for a lending decision, and you’ll get feedback within minutes in case you don’t qualify so you can find other lending options.

With quick approvals come quick funding. Once your request is approved, you’re connected directly to a lender to finalize the process and loan agreement. Once you accept the offer, you can expect funds in your account within 24 hours.

Credit Clock allows you to examine different personal loans offered and evaluate them without any obligations. You don’t have to accept a particular request, and this ensures you can consider all available possibilities before you make a final decision.

With Credit Clock, you don’t have to worry about borrowing too much or too little. You get the option of choosing an amount you can afford, from $100 to $5,000.

Taking out personal loans you can’t afford is a recipe for financial disaster, and you should always borrow amounts you can comfortably afford to repay. Ensure you consider your monthly income and budget before choosing a personal loan amount.

 Credit Clock allows you to choose repayment periods you’re comfortable with between 2 to 24 months. You can also choose a suitable repayment schedule according to your lifestyle or how and when you receive your earnings. You don’t have to stick to a monthly plan if you prefer a more flexible schedule.

Lenders at Credit Clock let you choose between weekly, fortnightly, or monthly repayments on personal loans. You have the option to repay in several months or a couple of weeks, depending on your preferences and the requested loan amount and you’re welcome to apply for bad credit personal loans. Credit Clock doesn’t operate in a few states in the US, so you’ll not be able to use the platform if you live in an area that isn’t covered.

Loan Amount Range APR Rate Loan Term Range Star Rating
$100 – $5,000 5.99% – 35.99% 2 – 24 Months *****


  • Affordable loan amounts
  • Repayment flexibility
  • Quick approval and funding
  • All FICO scores welcome


  • Not available in all states

Credit Clock ranks as the overall best for accessing personal loan direct lenders in the US. You can get affordable loan amounts from $100 to $5,000, quick loan approvals and disbursements, and flexible repayment periods that make it easy to repay. Best of all, they welcome all credit scores to ensure even those with bad credit or no credit histories are covered.

2. Money Lender Squad – Good for Bad Credit Personal Loans

Money Lender Squad is a suitable online platform for borrowers facing challenges accessing personal loans because of bad credit. Like Credit Clock, they don’t offer personal loans themselves. They only connect you to a suitable lender from their comprehensive panel.

Lenders at Money Lender Squad understand that anyone can face financial hurdles at any time. They’ll not discriminate against you because of your past financial hiccups. A bad credit score can leave you with limited options when you’re in a bind and need quick cash.

  • Reliable
  • Many specialized lenders to choose from
  • All credit scores accepted

However, you don’t have to be anxious anymore, thanks to Money Lender Squad. Created with bad credit borrowers in mind, they aim to help Americans with bad credit, and those with no credit history get personal loans.

At Money Lender Squad, you can say goodbye to automatic rejections based on credit scores. If other lenders or platforms have rejected you, your luck is guaranteed to turn at Money Lender Squad. They’ll understand your needs and circumstances through an easy online application form and connect you to direct lenders within minutes.

Money Lender Squad will go the extra mile to find you a loan after you submit your application. They ensure they only connect you to direct lenders with the highest likelihood of approving your request.

Your peace of mind is guaranteed because they only work with reputable, dependable, and trustworthy lenders. If they’ve promised you something, you can be sure they’ll deliver without any issues.

If you’ve faced discrimination or judgment because of your credit score, you can leave all that behind. Money Lender Squad accepts eligible borrowers with all kinds of credit scores and helps them access financing options.

Their lenders consider more than your credit score when assessing your personal loans application and base their decision on the current facts. If you can afford the loan, then you have nothing to fear.

Money Lender Squad has no control over the rates or terms you get from the lenders. They’re only a bridging platform, and each lender will set their terms and rates according to their policies. Therefore, you may find different lenders with different rates and terms.

Some may consider you more of a risk than others. They may cap the loan amounts they offer or charge the highest rates in the market. Ensure you shop around the platform before you accept an offer to get the best possible deal.

Loan Amount Range APR Rate Loan Term Range Star Rating
$100 – $5,000 5.99% – 35.99% 2 – 24 Months *****


  • Reliable lenders
  • Choose from many specialized lenders
  • All credit scores accepted


  •  Varying terms from lender to lender

Regardless of why you have a bad credit score, you’re guaranteed that your past troubles will remain in the past at Money Lender Squad. You’ll be treated as an individual, whether you were bankrupt or you defaulted on a loan years ago. All that matters are the current facts and whether or not you’re in a better financial situation.

3. Very Merry Loans – Good for Personal Loans with Quick Deposits

Very Merry Loans have an excellent online reputation, and they connect you to lenders who can give you the funds you require in the shortest time possible. If you’re looking for personal loans with quick deposits, this is the best platform to start.

  • Excellent support services
  • Instant cash
  • Flexibility

The application process at Very Merry Loans is swift to ensure no time is wasted in getting you the financing you need. You’ll appreciate the difference if you’re used to waiting days or weeks for loan payouts. Simply complete the online loan application form and marvel at the instantaneous loan process.

It only takes a few minutes from application to approval, while funding is guaranteed within 24 hours. You can ensure you get the funds even faster by having the required verification documents ready while making the application. It will help avoid a lot of back and forth or delays.

Even with a non-existent or bad credit score, you’re guaranteed quick deposits after your personal loans request is approved. You can expect to have money in your account within hours after the loan process is finalized or within 24 hours at the latest.

You can apply early within business days to guarantee quick deposits. Bank operation hours can influence disbursement since they close early and don’t operate on weekends or holidays.

Very Merry Loans has you covered for any small or big financial needs. With amounts ranging from $100 to $5,000, you can choose an amount that’s not too small or too big, depending on your affordability. Repayment terms and schedules are also flexible to ensure you don’t have a hard time repaying the personal loan.  Be aware that getting fast cash when you need it comes at a cost, and most lenders will charge the maximum interest rate for such convenience but some do reduce rates to remain competitive.

When it comes to support services, Very Merry Loans features a team of experienced staff. They’re always available to provide guidance through the personal loans application process and answer any of your inquiries. If you get stuck anywhere, support is always at hand. Contacting Very Merry Loans is quick through the contact form, phone, or email.

Loan Amount Range APR Rate Loan Term Range Star Rating
$100 – $5,000 5.99% – 35.99% 2 – 24 Months *****


  • Excellent support services
  • Instant cash
  • Flexibility


  •  High interest

If you have an emergency or urgent need, Very Merry Loans can help you access personal loans with quick deposits to help cover the costs.

4. Viva Payday Loans – Good for Personal Loans for Unemployed

Viva Payday Loans is an excellent choice to access direct lenders who offer personal loans for unemployed borrowers if you don’t have formal employment. They don’t lend money themselves, but they’ll connect you to a wide variety of suitable lenders across the US. Viva Payday Loans provides free access to some of the most reputable direct lenders in the US. They help Americans with all kinds of employment, budgets, needs, and credit scores.

  • Accepts all income types
  • A variety of lenders available
  • Quick eligibility checks

You shouldn’t shy away from applying for personal loans only because you’re not traditionally employed. As long as you have an alternate income source to afford loan repayments, you can qualify for personal loans online at Viva Payday Loans.  You can be unemployed but still have regular income from alternative sources. Lenders at Viva Payday Loans accept all types of income to approve personal loans.

The online application process is quick and easy, and you’ll be matched to direct lenders in a matter of minutes. The interest rates for unsecured personal loans for unemployed borrowers may be high to mitigate the lender’s risk, especially if no guarantor is involved.

Viva Payday Loans enables you to perform quick eligibility checks with no obligation or effect on your credit score. You can know whether you qualify before you even apply for personal loans. Loan amounts range from $100 to $5,000 and with 2 to 24 months to pay.

To qualify and get approved for personal loans for the unemployed at Viva Payday Loans, you have to be earning at least $1,000 monthly. If your earnings are below this, you may not be approved for a loan via the Viva Payday Loans portal.

Loan Amount Range APR Rate Loan Term Range Star Rating
$100 – $5,000 5.99% – 35.99% 2 – 24 Months *****


  •  All income types accepted
  • Variety of lenders available
  • Quick eligibility checks


  •  High income requirement for eligibility

If you’re retired, or you were recently laid off, or you’ve never even been formally employed but get regular income from other sources, personal loans for the unemployed are the suitable loans for you. You can access them at Viva Payday Loans free of charge.

5. Heart Paydays – Good for Personal Loans with Fast Approvals

Heart Paydays will quickly warm their way into your heart with their well-designed website and fast approvals on personal loans online. It provides a safe and secure way to borrow unsecured personal loans online with quick approvals.

  • Instant approvals
  • User-friendly website
  • Information protection and security

At Heart Paydays, you save on time by getting access to multiple direct lenders simultaneously. The approval process is further hastened because there’s no credit check when you apply for personal loans.

Similar to the previously reviewed companies, Heart Paydays doesn’t advance loans. They’re only a third-party platform that will connect you to suitable independent direct lenders for personal loans online approval. The company’s website has an excellent design and interface that will appeal to any borrow. It’s easy to use and customer-oriented, making it effortless to find anything you need.  And, if you’re worried about the security and privacy of your information, worry no more. At Heart Paydays, your peace of mind is guaranteed thanks to modern encryption technology.

All you have to do is capture your details in a simple online form, get matched, accept the offer, and await funding within one business day. You’re guaranteed instant approvals for personal loans among Heart Paydays lenders.

Once you submit your application, it’s shared with multiple lenders simultaneously, increasing your chances for fast approvals on personal loans. Most lenders at Heart Paydays don’t conduct credit checks. With no checks, no time is wasted, ensuring instant approvals.

Heart Paydays doesn’t allow borrowers to take out multiple unsecured personal loans simultaneously. You have to completely repay the current loan before you can borrow another one.

Loan Amount Range APR Rate Loan Term Range Star Rating
$100 – $5,000 5.99% – 35.99% 2 – 24 Months *****


  • Instant approvals
  • User-friendly website
  • Information protection and security


  • You can only borrow one loan at a time

Heart Paydays is your go-to platform if you’re looking for personal loans online with instant approval and guaranteed confidentiality. You’ll love their smooth website interface and how easy it is to apply for a personal loan.

Types of Online Personal Loans

Bad Credit Personal Loans

Bad credit personal loans are suited for borrowers with a bad credit history. You may have bad credit scores for various reasons, including defaulting on previous loans, going bankrupt, missing loan payments, or making late repayments.

Whichever the case, lenders consider more than your credit score when offering bad credit personal loans. The important thing is affordability based on your current income and expenses. Bad credit loans are small and easy to repay, and they can help you improve your credit score.

Get a Bad Credit Personal loan here >

Cosigner Personal Loans

Cosigner personal loans involve incorporating the help of a guarantor when applying for a loan. The guarantor can be anyone responsible in your life, like a friend or relative with a good credit score and financial standing.

The cosigner agrees to make repayments on your behalf if you default, thereby ‘guaranteeing’ the loan and reducing the risk for the lender. With cosigner personal loans, you can easily get reduced interest rates and higher loan amounts than applying with no guarantor.

Get a Cosigner Personal loan here >

No Credit Check Personal Loans

If you don’t want lenders digging into your credit history, no credit check personal loans are suitable. True to their name, they’re approved with no checks.

They’re an excellent option for borrowers with inadequate or non-existent credit histories. The lender only considers your affordability based on your current monthly income and expenses to approve the loan.

Get Personal loan No Credit Check here >

Low-Interest Rates Personal Loans

You can get low-interest rates personal loans if you have a good to excellent credit score. Even with bad or non-existent credit, you can reduce the personal loan rates by providing security or incorporating a guarantor.

It reduces the risk for the lenders and allows them to advance the loan at low-interest rates and better terms.

Get a Low-Interest Rate Personal loan here >

Fair Credit Personal Loans

Fair credit personal loans are suitable for borrowers whose credit scores are between bad and good – this can be considered “fair” credit. With fair credit personal loans, you’ll be charged average interest rates that aren’t too high or too low to reflect your credit rating.

Get a Fair Credit Personal loan here >

Personal Loans with No Origination Fees

Depending on the lender you choose, you can get personal loans with no origination fees attached. Some lenders may charge you 0.5% to 1% of the loan amount for processing your loan application.

Get a No Origination Fees Personal loan here >

Personal Loans with Collateral

Personal loans with collateral are also called secured personal loans. Collateral refers to a valuable asset you provide to the lender as security for the loan. It can include a car, home, stocks, bonds, expensive jewelry, or equipment.

The lender places a lien on the collateral, and they can repossess it if you fail to repay the loan in full. Unlike unsecured personal loans, personal loans with collateral are riskier, and you have to ensure you only borrow what you can afford to repay to avoid losing your asset.

Get a Collateral Personal loan here >

Personal Loan without Proof of Income

Personal loans without proof of income are the same as personal loans for the unemployed or personal loans on disability. You don’t require income proofs like payslips to get approved. Proofs of income like payslips are only available to those who are formally employed.

When you’re unemployed but have an alternate source of income, lenders may advance personal loans without proof of income by checking your bank account. You need to be earning at least $1,000 monthly to qualify. It can be from any source, including disability income, freelance earnings, rental income, dividends, child support, pensions, or allowances.

Get a Personal loan without Income Proof here >

Personal Loans on the Weekend

While you can still apply and get approved for personal loans on the weekend, you’ll have to wait until the next business day to get funded. This is because funding or loans disbursement involves bank transactions.

Banks only operate on weekdays and remain closed over the weekend and on public holidays.

Get a Weekend Personal loan here >

Personal Loans After Bankruptcy

You can get approved for personal loans after bankruptcy. This involves having a bankruptcy discharge and getting released from liability. However, it varies from lender to lender. Some may approve your loan request, while others may not.

Get a Bankruptcy Personal loan here >

Personal Loans for Debt Consolidation

Personal loans for debt consolidation are used to pay off multiple high-interest debts at once to reduce the burden of your monthly payments. You’ll be left making repayments for the single personal loan instead of making numerous repayments to different creditors every month.

It’s only advisable if the personal loan features a lower interest rate than the other debts.

Get a Personal loan for Debt Consolidation here >

States Where Personal Loans are Available Online

States Available States Unavailable
  • Alabama
  • Alaska
  • Arizona
  • California
  • Colorado
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Mississippi
  • Missouri
  • Nebraska
  • Nevada
  • New Jersey
  • New Mexico
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Washington
  • Wisconsin
  • Wyoming
  • Arkansas
  • Connecticut
  • New Hampshire
  • New York
  • Montana
  • South Dakota
  • Vermont
  • West Virginia
  • Indiana
  • Minnesota


Advantages of Online Personal Loans

Ultimate Convenience

Personal loans pr0vide you with access to quick cash when you need it through a simple online process. Various online platforms allow you to borrow personal loans online without leaving the comfort of your home or paperwork. The entire process takes place online!

Quick Approvals and Disbursements

Online personal loans feature quick approvals and disbursements that ensure you don’t wait long to know your fate or get funded. They can come in handy when you have an emergency or urgent need that can’t wait.

All Income Types and Credit Scores Welcome

You can apply and get approved for online personal loans regardless of your income type or credit score. You don’t have to be formally employed or have an excellent credit score to qualify and get approved. All that matters is affordability based on your current monthly income and expenses.

Disadvantages of Online Personal Loans


Personal loans can be an expensive form of finance with high-interest rates and different fees attached. While they’re fast and convenient to get, they can be costly.

Personal Loans Online Vs. Credit Cards

Personal loans are a better option than credit cards because:

  • They feature lower interest rates.
  • You get to repay the loan in fixed, steady payments.
  • You get the money in one lump sum.
  • It’s easier to budget for repayments, and you know exactly when you’ll be out of debt.
  • You can use personal loans for almost anything.
  • Personal loans feature same-day funding or within 24 hours.
  • You can get approved even with inadequate or non-existent credit scores.

How to Get Personal Loans Online

Step 1: Visit an Online Personal Loan Provider

Credit Clock enables you to apply for personal loans online through a few simple steps. Start by visiting, then choose the loan amount you need from $100 to $5,000 and a suitable repayment period from 2 to 24 months.

Step 2: Complete the Application Form

The next step is to capture your details by completing the easy-to-fill online application form after choosing a loan amount and repayment period. Fill out the application form accurately with the following information:

  • Personal details
  • Financial details
  • Expenditure information

Rest assured all your data remains strictly confidential. Once you’ve reviewed the privacy policy and the terms and conditions, click on the apply button.

Step 3: Submit Application & Get Your Decision

After you submit your application, your details will be sent to a comprehensive panel of lenders, and you’ll get a lending decision within minutes! You’ll get immediate feedback if your loan application is rejected.

If you’re approved, you’ll be connected directly to an independent lender who will contact you to discuss loan arrangements. Make as many inquiries as possible at this point and ask about any fees attached to the loan.

Step 4: Receive Your Loan

The lender will then extend a loan offer for you to accept. Ensure you review it carefully, paying close attention to any charges not mentioned previously, the repayment schedule, and the terms and conditions.

If you’re happy with the terms of the agreement, e-sign it and return it to the lender. They may ask for additional information or verification documents at this point. Provide them promptly to avoid any delays. Once the process is complete, you should receive funds in your account within 24 hours.

Best Personal Loans – Conclusion

The review shows that the best place to get personal loans online is Credit Clock. They tick all the right boxes and offer more features than the rest of the platforms. Credit Clock is your best choice if you’re looking for fast, guaranteed, personal loans online, whether you’re unemployed, have bad credit, have no guarantor, or want personal loans with no credit check.

Request Your Personal Loan at our Top Rated Provider – Credit Clock



Is the Interest Rate on Personal Loans Fixed?

What Amount Can I Borrow with a Personal Loan?

Will Applying for Personal Loans Affect My Credit Score?

What Should I Do If I Can’t Make a Repayment?

What Happens if I Don’t Repay a Personal Loan?

About Jayme Wium PRO INVESTOR

Jayme is a professional freelance writer specializing in personal finance, business, nutrition, botany and mental health. She has studied extensively in these fields and spends a considerable amount of her time creating content to help simplify complex concepts for the everyday person.