Grace Enfield, Content Writer
@grace_enfield
Companies that let you borrow money include banks, credit unions, online lenders, car dealerships, auto title lenders, payday lenders and pawn shops. However, payday lenders, auto title lenders and pawnshops should be your last choice since they are very expensive.
The best company to borrow money from is LightStream because this online lender offers loan amounts of $5,000 - $100,000, APRs of 7.99% - 25.99% and repayment periods of 24 - 84 months. You can use a personal loan from LightStream for pretty much anything, too.
Notable Companies That Let You Borrow Money
| Company | Best For | Loan Amounts | APRs |
| Overall | $5,000 - $100,000 | 7.99% - 25.99% | |
| Bad credit | $1,000 - $50,000 | 5.35% - 35.99%, typically | |
| Fair credit | $2,000 - $50,000 | 8.99% - 35.99% | |
| Existing AmEx customers | $3,500 - $40,000 | 6.98% - 19.98% | |
| No fees | $5,000 - $35,000 | 4.99% - 20.99% | |
| Citibank customers | $2,000 - $30,000 | 8.99% - 23.99% | |
| Long repayment periods | $2,500 - $40,000 | 6.99% - 24.99% | |
| Good credit | $3,500 - $40,000 | 6.99% - 24.99% | |
| No origination fee | $1,000 - $35,000 | 5.99% - 32.24% | |
| Veterans | $2,500 - $100,000 | 7.24% - 17.65% | |
| Low minimum APR | $1,000 - $50,000 | 8.74% - 21.24% | |
| Large loans | $3,000 - $100,000 | 7.49% - 23.74% | |
| Small loans | $500 - $50,000 | 7.74% - 17.99% | |
| Military personnel | $250 - $50,000 | 7.49% - 18% | |
| Fast funding | $1,000 - $50,000 | 6.24% - 17.24% |
These companies all offer personal loans. Banks and credit unions that don’t have personal loans allow you to borrow money in other ways. For example, Chase and Bank of America both offer mortgages and auto loans.
If you’re looking for a personal loan, check out WalletHub’s picks for the best places to get a personal loan. You can then estimate your potential rates with our free pre-qualification tool.
Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Minimum loan amounts vary by state: GA ($3,100), HI ($2,100), MA ($7,000), NM ($5,100), OH ($6,000).
The full range of available rates varies by state. The average 5-year loan offered across all lenders using the Upstart platform will have an APR of 24.83% and 60 monthly payments of $26.36 per $1,000 borrowed. For example, the total cost of a $10,000 loan would be $15,817 including a $594 origination fee. APR is calculated based on 5-year rates offered in the last 1 month. There is no down payment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.
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I need to borrow 200 Dollars it's a Holiday. am broke
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