Credible Personal Loans Review [2024]: Compare Personalized Rates from Top Lenders in 3 Minutes

There’s a whole slew of loan options out there. Let Credible help you choose the best option for your needs.
Updated May 14, 2024
Fact checked
Woman reviewing credible personal loans

We receive compensation from the products and services mentioned in this story, but the opinions are the author's own. Compensation may impact where offers appear. We have not included all available products or offers. Learn more about how we make money and our editorial policies.

There are a number of financially responsible reasons to take out a personal loan. Your fur baby might need emergency care, you might need to make a repair on your home or vehicle, or you might just want to consolidate higher interest debt. Whatever the purpose or the amount you’re looking for, finding the best option can seem overwhelming. You want to make sure you find a lender that is reputable, trustworthy, and has a loan product that meets your needs.

With Credible,1 you’ll never harm your credit by comparing lenders that have already been vetted for you, so you can easily search and compare prequalified rates,2 which could save you time and money.

Credible Benefits

  • Loans from $600 to $200,000
  • Min. Credit Score: 600
  • APR: 6.99%-35.99% (as of April 23, 2024)

In this article

Is Credible a good company?

Founded in 2012, Credible is a lender marketplace based in San Francisco. Millions of customers have already compared personalized prequalified options through Credible, and its lending partners include some large financial institutions.

Credible does not issue loans, but instead connects users with personalized rates from a variety of lenders. One thing that sets Credible apart from the pack is that they have a Best Rate Guarantee on personal loans, which offers users a gift card when they close with a lower rate than they prequalified for with Credible (Terms Apply). That makes Credible one of the best places online to find a personal loan.

There’s even a client success team dedicated to answering any questions you may have via email, phone, or online chat. Credible also has an A+ rating with the Better Business Bureau and a 4.5-star average across nearly 4,500 TrustPilot reviews.

Which loan products does Credible show you?

Credible shows a variety of loan products for different financial situations. You can find private loans for college; student loan refinancing help; mortgages and mortgage refinancing loans; and personal loans for big purchases, unexpected expenses, or debt consolidation. 

While Credible isn’t the one actually lending you money, it’s an easy-to-use tool that allows you to quickly compare personalized rates from various lenders. You can see multiple options in one place, which helps you make an informed decision before committing to a loan.

Personal loans at Credible

Whether you’re trying to consolidate debt, finance a large purchase, or pay for emergency expenses, a low-interest personal loan can be a great option to help you achieve your goals. A personal loan from Credible can be used for a variety of purposes, including:

  • Planning a wedding
  • Credit card debt consolidation
  • Debt consolidation
  • Home improvements
  • Career development
  • Business startup costs
  • Car financing
  • Vacation
  • Moving costs

Simply fill out a quick form before viewing your personalized rates. The best personal loans through Credible are available from top online lenders like Avant, Best Egg, LendingClub, and LightStream, and come in amounts from $600 to $200,000. Personal loan APR rates range from 6.99%-35.99% (as of April 23, 2024), and you’ll be able to compare personalized rates you qualify for in just two minutes.

Eligibility requirements for personal loans vary by lender, but you generally need to be 18 or older, be a U.S. citizen or permanent resident with a valid Social Security number, and have a decent credit score and income.

Loan amount $600 to $200,000
Loan term 12 to 120 months
APR 6.99%-35.99% (as of April 23, 2024)
Credit needed Varies by lender

Student loans at Credible

It’s easy to find a private student loan to fund up to 100% of your education on Credible. Loans are available for almost any degree with flexible repayment terms, and you can use a private student loan to pay for living expenses in addition to education costs.

None of Credible’s partner lenders charge origination fees, and you won’t be penalized for paying your loans off early. You’ll find a range of interest rates and terms available from a variety of lenders, such as College Ave and Sallie Mae. There are fixed and variable loans available with rates ranging from 4.24%-16.85% (as of June 4, 2024) APR.

You can even add a cosigner to your loan application with most of the lenders at Credible. This is important since many students have a low income, a thin credit file, or fair credit, which can make it difficult to qualify for a loan.

Loan amount Up to the cost of your education
Loan term Varies by lender
APR 4.24%-16.85% (as of June 4, 2024)
Credit needed Varies by lender

Student loan refinancing at Credible

If you’re struggling with your student loans, student loan refinancing might be a good option for you to consider. When you refinance, you take out a new loan with better terms to pay off your old student loans. This gives you the chance to lock in a lower interest rate or even lower your monthly payments.

With Credible, you’ll be able to compare rates from various lenders without having to fill out multiple forms or hurting your credit. While interest rates and terms vary by lender, options are available with rates ranging from 5.28%-12.42% (as of June 4, 2024) APR. Federal student loans, private student loans, and Parent PLUS loans are all eligible for refinancing.

Most lenders require a FICO credit score between 670 and 700 but also weigh other factors such as your debt-to-income ratio. If your credit score is too low or you aren’t making enough income, consider adding a cosigner to your application.

Loan amount Varies by lender
Loan term 5 to 25 years
APR 5.28%-12.42% (as of June 4, 2024)
Credit needed Varies by lender, generally 670+

Mortgage and mortgage refinancing at Credible

Whether you need a new mortgage or want to finance an existing one, Credible can help. Fill out a three-minute form to view prequalified rates2 and loan terms from top lenders. 

Qualification requirements and loan terms vary by lender, but your creditworthiness, income, and available down payment will all affect the personalized rates you are eligible for.

What Credible customers are saying

Credible has an excellent rating average on TrustPilot, with glowing reviews from nearly 4,500 customers. Reviewers commented that the website was easy to use and the customer service was excellent. Many people reported that they were matched with a great personalized rate that helped them accomplish their goals.

While the company’s services are well-reviewed, it’s important to note that Credible probably shouldn’t be your only stop as you research loans. Credible only shows you prequalified rates from its partners. It’s important to review other lenders as well to make sure you’re not missing out on a good deal from a lender that doesn’t partner with Credible.

FAQs about Credible

Does Credible affect your credit score?

Using Credible’s online marketplace to compare prequalified rates from different lenders won’t impact your credit score.3 As part of its prequalification process, Credible performs a soft credit check, which doesn’t affect your credit. 

A hard credit check only takes place once you actually submit an application with a lender. This type of credit inquiry will appear on your credit report and may cause your credit score to drop by a few points.

How much does Credible cost?

There's no upfront cost to request prequalified rates from Credible4. Credible makes money by accepting a fee from partner lenders when you accept a loan offer (which will have costs for you), but this in no way impacts you or the amount you pay.

Are there obligations once I prequalify with Credible?

No. You can compare your personalized rates risk-free without impacting your credit, and you’re never obligated to proceed with an application.

How do I apply for a loan with Credible?

All you need to do is fill out a simple form to see the rates and terms you prequalify for. It takes just a few minutes to complete, and you’ll get competitive rates from multiple lenders.

Once you choose a lending option, you’ll need to fill out an application to that lender. If you run into any issues or have questions along the way, the Credible Client Success Team is available to assist you.

The final word on Credible

There are a number of loan comparison websites out there, and ultimately you may want to consult more than one. Still, Credible is one of the top options for finding a loan since the company is trusted and loved by borrowers and offers superior customer support. It could be a particularly good choice for finding a personal loan due to Credible’s Best Rate Guarantee.

No matter your financial situation, Credible likely can be your answer for how to get a loan. With a little help from Credible, you’ll be on the road to a more financially stable future in no time.

Credible Benefits

  • Loans from $600 to $200,000
  • Min. Credit Score: 600
  • APR: 6.99%-35.99% (as of April 23, 2024)

Author Details

Lindsay Frankel Lindsay Frankel is a Denver-based freelance writer who specializes in credit cards, travel, budgeting/saving, and shopping. She has been featured in several finance publications, including LendingTree. When she's not writing, you can find her enjoying the great outdoors, playing music, or cuddling with her rescue pup.