Grace Enfield, Content Writer
@grace_enfield
The best place to get a small personal loan is Discover. Personal loans from Discover let you borrow as little as $2,500, have APRs of 6.99% - 24.99% (depending on your creditworthiness), and have repayment periods of 36, 48, 60, 72 or 84 months. Applicants generally receive a decision the same day they apply and can get the funds as soon as one business day after approval. You’ll need at least a 660 credit score to qualify, according to third-party sources.
Best Places to Get a Small Personal Loan
- Discover. Loans as small as $2,500. APRs of 6.99% - 24.99%. Repayment periods of 36, 48, 60, 72 or 84 months.
- Citibank. Loans as small as $2,000. APRs of 8.99% - 23.99%. Repayment periods of 12, 24, 36, 48 or 60 months.
- PNC. Loans as small as $1,000. APRs of 5.99% - 32.24%. Repayment periods of 12 - 60 months.
- TD Bank. Loans as small as $2,000. APRs of 8.99% - 21.99%. Repayment periods of 12 - 60 months.
- Avant. Loans as small as $2,000. APRs of 9.95% - 35.99%. Repayment periods of 24 - 60 months.
- Best Egg. Loans as small as $2,000. APRs of 8.99% - 35.99%. Repayment periods of Up to 60 months.
- LendingClub. Loans as small as $1,000. APRs of 8.05% - 35.89%. Repayment periods of 36 or 60 months.
- LendingPoint. Loans as small as $2,000. APRs of 7.99% - 35.99%. Repayment periods of 24 - 72 months.
- Prosper. Loans as small as $2,000. APRs of 6.99% - 35.99%. Repayment periods of 24 or 36 or 48 or 60 months.
To read more about the top-ranked offers, check out WalletHub’s complete picks for the best small personal loans. Then, you can estimate your potential rates with our free pre-qualification tool.
Other Places to Look for Small Personal Loans
Local credit unions are a good option if you’re looking for a loan below $1,000, as credit unions tend to be more willing to lend small amounts of money. Even people with bad credit may be able to get a small unsecured personal loan from a credit union.
You will need to be a member to qualify, but you should be able to join a credit union where you live for free. Alternatively, several large credit unions, such as Alliant, Connexus and PenFed, offer memberships to anyone in the U.S. who makes a small donation. This assumes the applicant doesn’t already qualify for a free membership.
Banks and online lenders may also offer small personal loans. However, some lenders offer minimum loan amounts of $3,000+, which may be too large of a loan for you.
People also ask
What are the easiest loans to get approved for?
The easiest loans to get approved for are payday loans, car title loans, pawnshop loans and personal loans with no credit check. These types of loans offer quick funding and have minimal requirements, so they’re available to people with bad credit. They’re also very expensive in most cases.
Below, you can compare some of the easiest-to-get personal loans available right now.
Easy Loans to Get Approved For
- OppLoans: No credit check. 59% - 160% APR.
- 60MonthLoans: No...
What is the smallest personal loan you can get?
The smallest personal loan you can get is $250 from Navy Federal Credit Union. The company has an APR range of 7.49% - 18%, repayment periods of Up to 60 months (up to 180 for home improvement) and an origination fee of $0. You do have to be part of the military community to qualify, though.
The minimum loan amount available from most other major loan providers ranges from $1,000 to $3,500. You might be able to find loan offers for $250 or less from some smaller companies,...
read full answerWhat's a good lender for a small unsecured personal loan?
The best lender for a small unsecured personal loan is LendingClub because the company offers loans as small as $1,000 with APRs of 8.05% - 35.89% and repayment periods of 36 or 60 months. LendingClub also requires borrowers to have a credit score of 600 - 640 to qualify.
Exactly what is considered a “small” unsecured personal loan depends on whom you ask. Generally, lenders set their minimum loan amounts around $1,000 to $3,000. To qualify for one of...
read full answerDid we answer your question?