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Get the cash to carpe diem

We offer low-cost, zero-fee personal loans for debt consolidation and important life expenses. Fixed rates start at 5.99% for loan amounts from $5K-$75K.

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An experience designed for savings & satisfaction at every step
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We evaluate extra data beyond your credit score, like your savings habits, education, and earning potential. This helps us build a better picture of your full financial profile so we can offer you the lowest possible rate.

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You will receive a prompt response to your personal loan application. Read our eligibility guide for more on how we evaluate your application.

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You'll always reach a real human, whether you're seeking answers by email or phone.

Common questions about personal loans

How do personal loans work?

Simply put, a personal loan lets people borrow money for a set timeframe (known as the loan term), and pay it back in even monthly payments. It is an unsecured loan, meaning there is no asset/property that can be reclaimed by the lender (as with a mortgage or car loan).

Unlike some loans that take into account down payments or collateral, a personal loan’s APR (annual percentage rate) is based solely on the borrower’s credit history. Some services like Credit Karma now allow you to check your credit report for free prior to applying for a loan, without affecting your credit score.

How soon can I expect a decision?

We are able to make a decision on most personal loan applications within 5-10 business days. This timeline can vary depending on what additional information is required to process your request. Please keep an eye on the email address associated with your account for updates.

How soon will I receive my personal loan?

Once you accept and enter your bank account details, we will transfer the funds by the next business day. You will usually see the loan transfer into your account within 1-2 business days after signing.

Can I change my requested personal loan amount?

We can consider approving your loan at a lower amount if you modify your application prior to our decision. Contact our Client Happiness team via email, chat, or phone to request this change or adjust the request by logging in to your Earnest account.

Learn personal loan fundamentals on our blog

Preview Your Personal Loan Options

The chart below displays the range of loan options for APR (annual percentage rate), monthly payments, and total payments based on a hypothetical $10,000 loan amount. Your own interest rate will depend on the term you choose, as well as your financial profile. Visit our eligibility page to see our eligibility criteria for personal loans.

Term Origination Fee Rate (Fixed APR) No. of Payments Monthly Payment Total Payments
3 Years None 5.99% - 13.74% 36 $304 - $341 $10,950 - $12,259
4 Years None 6.49% - 15.74% 48 $237 - $282 $11,381 - $13,540
5 Years None 7.24% - 17.24% 60 $199 - $250 $11,949 - $14,989

Get acquainted with personal loans

We’ve put together a library of essential articles to help you understand personal loans. And keep an eye out—we’re always adding more.

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