Top Personal Loan Lenders for June 2025: LightStream and SoFi Lead the Way

In this article, we will explore the top personal loan lenders in June 2025, based on a comprehensive analysis by Yahoo Finance. We will cover the best overall lender, the runner-up, and lenders that excel in specific areas such as low interest rates, quick approvals, and customer satisfaction. Additionally, we will provide valuable information on personal loans, including how to check and improve your credit score, and what a co-signer is.

Best Personal Loan Lender Overall: LightStream

LightStream earns our top honors as a personal loan provider due to its high loan amounts, low interest rates, and flexible repayment terms. Here are the key benefits of LightStream:

• High Loan Amounts: LightStream offers personal loans up to $100,000.
• Low Interest Rates: Has a fixed interest rate starting at 4.99% APR.
• Flexible Repayment Terms: Offers repayment terms from 24 to 144 months.
• No Fees: Has no origination fees, prepayment penalties, or late fees.

To be eligible for LightStream, you need a minimum credit score of 660. The approval process is fast, with some customers receiving funds in as little as two days.

Best Personal Loan Lender Runner-Up: SoFi

SoFi has much to offer: low interest rates, flexible repayment options, and strong customer satisfaction. Here are the key benefits of SoFi:

• High Loan Amounts: Offers personal loans up to $100,000 with interest rates starting at 5.99% APR.
• Flexible Repayment Plan: Has a flexible repayment plan with options for automatic payments, partial payments, and even a 6-month deferment period.
• Student Loan Refinancing Program: Offers a student loan refinancing program for borrowers with existing student debt.

To be eligible for SoFi, you need a minimum credit score of 680. The approval process is fast, with some customers receiving funds in as little as 5 days.

Best Personal Loan Lenders for Specific Needs

Best for Low Interest Rates: Marcus by Goldman Sachs

Marcus by Goldman Sachs offers personal loans up to $40,000 with interest rates starting at 4.99% APR. They have no origination fees or prepayment penalties and offer flexible repayment terms.

Best for Quick Approvals: Upgrade

Upgrade offers quick approvals with some customers receiving funds in as little as one business day. They offer personal loans up to $40,000 with interest rates starting at 7.99% APR. Upgrade also has no hidden fees and offers flexible repayment options.

Best for Customer Satisfaction: Discover Personal Loans

Discover Personal Loans has a strong reputation for excellent customer service and satisfaction. They offer personal loans up to $36,500 with interest rates starting at 6.99% APR. Discover also has no origination fees or prepayment penalties and offers flexible repayment terms.

More Information About Personal Loans

How Much is Your Credit Score? How to Check Your Credit Score

To check your credit score, you can use one of the many free online services such as Credit Karma or Credit Sesame. It's important to regularly check your credit score to ensure it's in good standing and to catch any errors or fraud early on.