Credible Personal Loans: Compare Multiple Rates in One Place

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Have you thought about getting a personal loan but aren’t sure where to start? We’ll review Credible’s marketplace for personal loans and help you decide if its a good fit for your needs.

Taking out a personal loan might not be something you’ve ever considered, but it can be a useful tool to pay off existing debt or fund projects, events, and life goals.

With so many lending options out there, it’s tough to know where to start and what lenders you can trust. That’s where Credible comes in. Credible provides a safe space to compare personal loan options from multiple vetted lenders without spending a dime or negatively affecting your credit.

Here’s a detailed look at Credible and how it can help you find the right personal loan for your situation.

What Is Credible?credible logo

Credible is an online marketplace that lets you compare personal loan offers from multiple lenders. Credible isn’t a lender itself, but they link lenders and borrowers through the best loan options.

Credible offers more than just personal loans. It’s also a marketplace for other lending solutions, including:

Credible is entirely free to use, and there’s no obligation to apply for loans through its service. Checking prequalifying rates through Credible only requires a soft credit check, which doesn’t affect your credit score.

Personal Loans Starting at 4.60% APR* with autopay – Compare personal loan rates from multiple lenders with Credible! Get started here.

How Does Credible Work?

Credible is easy to use and takes less than two minutes to get your prequalified interest rates. Simply fill out the form on their website to start the process. You’ll need to share some personal information to receive your personalized loan options, including:

  • Loan amount desired
  • Education level
  • Employment status
  • Annual income
  • Credit score
  • Date of birth
  • Home address
  • Social Security number
  • Phone number

If you qualify, you’ll instantly receive personalized rates from Credible’s partner lenders after submitting your inquiry. You don’t have to move forward with any of the available loans if you don’t like the options presented or if you want to keep shopping rates. There’s no pressure to apply for a loan through Credible.

Credible Personal Loans

Since Credible offers options through multiple lenders, loan details and requirements vary depending on the lender. Here’s a breakdown of what to expect from Credible personal loans.

Minimum loan amount: $1,000

Maximum loan amount: $100,000

Interest rates: Start at 4.60% APR* (includes autopay discounts if applicable)

Loan terms: 24 to 84 months

Prepayment penalties: None

Origination fees: 0% to 8%

Compare Personal Loans With Credible – Are you ready to pay off your credit cards and save money doing it? Credible helps you compare personal loan rates from multiple lenders in one place! Get started here.

Credible’s Lending Partners

Credible partners with a dozen lenders for their personal loans. Partner lenders include companies such as:

  • Avant
  • Best Egg
  • FreedomPlus
  • LendingClub
  • LendingPoint
  • LightStream
  • Marcus By Goldman Sachs
  • Payoff
  • Prosper
  • SoFi
  • Upgrade
  • Upstart

Some lending partners offer personal loans for almost every need, while others provide them for specific purposes, such as debt consolidation. Each lender sets its own rates and borrower requirements. Depending on the lender, approved loans may be funded as early as the next business day.

>> Check out our list of the best personal loan rates and companies <<

Credible Personal Loan Requirements

While each lender has its own prerequisites, to qualify for a personal loan you’ll typically need to:

  • Be 18 years or older
  • Be a U.S. citizen or permanent resident
  • Have a steady income
  • Have fair or above credit

What Kind of Credit Do You Need with Credible?

Since Credible isn’t a lender, it doesn’t determine eligibility or available interest rates for personal loans. Typically, lower interest rates are reserved for people with excellent credit scores. That doesn’t mean that you need stellar credit to qualify for a personal loan through Credible. Many of its lenders offer personal loans for people with fair or poor credit. Borrowers also have the option to add a cosigner, which could help secure better interest rates.

Your credit score is a deciding factor on whether you qualify for a loan and your available rates. That said, lenders look at more than just credit scores when determining creditworthiness. Other factors they look at include:

  • Debt-to-income ratio
  • Credit history
  • Education level
  • State of residency

Regardless of your credit, Credible provides an opportunity to view prequalified rates at any time. Once you see what’s available, you can decide whether to move forward or not.

How to Apply For a Personal Loan Through Credible

Once you’ve received prequalifying offers, take time to compare your options. If you like one of them and want to move forward, just click on the lender from your Credible dashboard. You’ll be redirected to the lender’s website, since the actual loan process is handled directly by the lender, not Credible.

As you move through the process with one of the partner lenders, the company will perform a hard credit inquiry to get a more precise picture of your creditworthiness and eligibility. Hard credit inquiries can hurt your credit score temporarily.

What to Look For in a Personal Loan

If you’re looking for a personal loan, take time to determine your needs and compare multiple lenders. Here are some factors to consider before taking out a personal loan.

  • Interest rates: Your interest rate is the biggest factor when it comes to personal loans. Scoring a good interest rate can save considerable money over the life of your loan. If you don’t find the rate you want, the best action might be to wait and improve your credit score.
  • Fees: Pay attention to whether your lender charges any fees with its personal loans. These could include origination fees, processing fees, late payment fees, and prepayment penalties.
  • Terms: How long do you want to spend paying off your personal loan? Find a lender that offers terms that align with your needs. Loan terms also affect interest rates. Shorter terms typically lead to lower interest rates.

Steps to Take Before Choosing a Personal Loan

Here are two steps you should take before choosing a personal loan:

  1. Get a copy of your credit report. It’s good to have an idea of where you stand before looking for a personal loan. You can access your credit report for free at
  2. Do your own research. All of Credible’s lenders have been vetted, but that doesn’t mean you shouldn’t look around. Make sure the lender you’re interested in has a good reputation. Do your homework and find a good fit before committing to a lender.

Credible Personal Loans: The Bottom Line

Credible is perfect for anyone looking for a personal loan who wants to compare rates easily. With its collection of lending partners, it’s hard to imagine not finding a loan to fit your needs. With that said, there are plenty of quality lenders not listed on Credible. You could find better loan rates and terms elsewhere.

Credible simplifies the loan process by allowing individuals to fill out a simple form to receive quotes from multiple lenders. From there, you can compare and contrast available loan options. Many of its lending partners offer the lowest rates available on the market, so it’s highly likely that you would end up checking them out anyway. Credible allows you to do that all on one site in just a few minutes’ time.

Using a service like Credible can significantly cut down on the time and energy it takes to find the right personal loan. Because there’s no cost to check available loans and rates, there’s very little downside to trying Credible.

Pay Off Your Debt Faster – Credible offers personal loan rates starting at 4.60% APR* with autopay. Compare personal loans from multiple lenders and erase that debt for good. Get started here.

Credible Personal Loans Review Pin - picture of young woman smiling at her phone

*Read rates and terms at

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