As the world continues to grapple with the economic impact of the COVID-19 pandemic, many individuals and small businesses are turning to small loans for financial assistance. However, with so many loan providers available, it can be challenging to determine which ones are trustworthy, reliable, and offer the best rates and terms. In this article, we’ll highlight the top small loan providers to consider in 2021, based on their reputation, customer service, and overall loan offerings. Whether you’re a small business owner or an individual in need of financial assistance, these loan providers can help you get the money you need, when you need it.
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The Top Small Loan Providers to Consider in 2021
Small loans can be a great financial solution when you need to cover unexpected expenses, consolidate debt, or make a big purchase. With so many lenders offering small loans, it can be difficult to choose the right one. To help you find a reputable lender, we’ve put together a list of the top small loan providers to consider in 2021.
1. LendingClub
LendingClub is a peer-to-peer lender that offers personal loans of up to $40,000. Their loans have fixed interest rates and terms of 36 or 60 months. LendingClub also offers debt consolidation loans and business loans. The application process is easy and can be done online.
2. Avant
Avant is an online lender that offers personal loans of up to $35,000. They have flexible repayment terms of 24 to 60 months and their loans have fixed interest rates. Avant also offers debt consolidation loans and credit cards. The application process is fast and can be completed online.
3. Upgrade
Upgrade is an online lender that offers personal loans of up to $50,000. Their loans have fixed interest rates and terms of 36 or 60 months. Upgrade also offers credit monitoring services and personal credit lines. The application process is easy and can be done online.
4. Prosper
Prosper is a peer-to-peer lender that offers personal loans of up to $40,000. Their loans have fixed interest rates and terms of 36 or 60 months. Prosper also offers debt consolidation loans and home improvement loans. The application process is easy and can be done online.
5. SoFi
SoFi is an online lender that offers personal loans of up to $100,000. Their loans have fixed interest rates and terms of 24 to 84 months. SoFi also offers student loan refinancing and mortgages. The application process is easy and can be done online.
6. Marcus by Goldman Sachs
Marcus by Goldman Sachs is an online lender that offers personal loans of up to $40,000. Their loans have fixed interest rates and terms of 36 to 72 months. Marcus also offers debt consolidation loans and home improvement loans. The application process is easy and can be done online.
7. OneMain Financial
OneMain Financial is a lender that offers personal loans of up to $20,000. Their loans have fixed interest rates and terms of 24 to 60 months. OneMain also offers secured loans and auto loans. The application process can be done online or in person at one of their branch locations.
Conclusion
When choosing a small loan provider, it’s important to consider the interest rates, terms, and fees. You should also check the lender’s reputation and read reviews from other borrowers. The lenders on this list are all reputable and offer competitive rates and terms. We hope this list helps you find the right small loan provider for your needs.
