Best Small Personal Loans Of 2024

Are you interested in applying for a personal loan? Well, here are the best small personal loans of 2024. First and foremost, there are a lot of personal loan options that you can get from credit unions, online lending platforms, and even traditional banks. However, choosing where to apply can appear to be a hassle for most people.

 Best Small Personal Loans of 2024

Not to worry, we have compiled some of the best small personal loans to apply for. These online personal loan lenders offer loan amounts in the range of $1,000 to $50,000.

But it all depends on the lender you are using and if you meet the eligibility criteria. This process is very important because whether you will be approved or not is determined by it. Additionally, these personal loan lenders also have different terms and conditions before approval. This is why it is important to compare them before choosing.

Best Small Personal Loans Of 2024

Here are some of the best small personal loans of 2024 that I compiled in this section. So, the information you need about them will be available below, but you need to read carefully to avoid skipping important details or points. Now, let’s dive into it:

  • Avant.
  • Discover.
  • Upstart.
  • Universal Credit.
  • Upgrade.
  • LendingPoint.
  • SoFi.
  • LightStream.
  • BHG Money.
  • U.S. Bank. 


One of the best small personal loans of 2024 is Avant. Furthermore, it is well known for its wide range of repayment terms. Additionally, you can access loan amounts of $2,000 to $35,000, but you need to have a minimum credit score of 580 to apply for and get approved for a personal loan from Avant.


If you are determined to repay the personal loan you applied for within a few days without interest, I know the perfect lender that can take you up on that challenge. With Discover, you do not have to worry about interest if you pay back your loan within 30 days. Moreover, you can borrow $2,500 to $40,000 from this online company.


If you need a personal loan but do not want to borrow too much, check out Upstart. Without a doubt, this lender is the perfect place to access loans as low as $1,000. The typical loan amount one can access from Upstart is between $1,000 and $50,000. Their APR range is also from 6.40% to 35.99%, with a credit score of 300.

Universal Credit

One of the best small personal loans of 2024 is Universal Credit. It is known to be the best choice for comparing different offers. What’s more, they approve loans to borrowers the day after their application and offer flexible qualification requirements. However, Universal Credit has high APRs, and all its loans have an origination fee of 5.25% to 9.99%.


For borrowers with bad credit, you can still get a loan from Upgrade. So, if your credit score falls within the range of 580, you are eligible to apply for a loan from this lender. Even though they have a high APR range, you can still apply for a personal loan from Upgrade to cover your business expenses.


LendingPoint is among the best small personal loans of 2024. What’s more, they provide fast funding and offer personal loans to people with below-average credit scores. To qualify, you need a minimum credit score of 600 and can access loans from $2,000 to $36,500. Besides, they do not charge a prepayment penalty.


Next on this list is SoFi. It is the overall best personal loan of 2024. You need a minimum credit score of 650 to access loan amounts ranging from $5,000 to $100,000. Though you cannot have a co-signer when applying for a loan from SoFi, you can still enjoy the best services. For instance, high loan amounts and fast funding.


LightStream is a good place to borrow a small personal loan in 2024. Furthermore, they have low interest rates and approve loans ranging from $5,000 to $100,000. However, there is a limit to what you can use a personal loan from LightStream to do. But do not worry, because their loans are still fast-approved and funded.

BHG Money

BHG Money is the perfect personal loan lender for borrowers who are looking for larger loan amounts. Furthermore, this financial institution is focused on giving personal loans not only to individuals but to businesses across the world. What’s more, their loan terms range from 36 to 120 months. You can also borrow loans from $20,000 to $200,000.

U.S. Bank

U.S. Bank is one of the most popular personal loan lenders in the United States of America. What’s more, they allow borrowers to access loans from $1,000 to $50,000 and pay them back within 12 to 84 months. Apart from personal loans, you can create savings and checking accounts with U.S. Bank whenever you want.

In Conclusion

Since you have come across the best options when it comes to applying for personal loans, you can compare the terms and rates before you choose the perfect company that provides you with the services and terms that

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