Income Honcho Financial advice and tips
The following is the details for banks offering personal loans at the lowest APR along with the details of the purpose the loans are best for:
| BANK | CURRENT APR RANGE | LOAN TERM | MIN. LOAN AMOUNT | MAX. LOAN AMOUNT | BEST PERSONAL LOAN |
| SoFi | 5.99% – 18.64% (with autopay) | 2 to 7 years | $5,000 | $100,000 | For overall personal loan |
| LightStream | 3.49% – 16.79% (with autopay) | 2 to 12 years | $5,000 | $100,000 | For generous repayment terms |
| Avant | 9.95% – 35.99% | 2 to 5 years | $2,000 | $35,000 | For people with bad credit |
| Marcus by Goldman Sachs | 6.99% – 28.99% | 3 to 6 years | $3,500 | $40,000 | For debt consolidation |
| Best Egg | 5.99% – 29.99% | 3 to 5 years | $2,000 | $35,000 | For home repairs |
| Upgrade | 7.99% – 35.97% | 3 or 5 years | $1,000 | $35,000 | For fast funding |
| Payoff | 5.99% – 24.99% | 2 to 5 years | $5,000 | $35,000 | For paying credit card debt |
| Upstart | 6.18% – 35.99% | 3 and 5 years | $5,000 | $30,000 | For little credit history |
| LendingClub | 10.68% – 35.89% | 3 and 5 years | $1,000 | $40,000 | For using a cosigner |
| PenFed | 6.49% – 17.99% | 1 to 5 years | $600 | $20,000 | For credit union members |
| TD Bank | 5.67% – 18.99% | 1 to 5 years | $2,000 | $50,000 | For secured options |
| PNC Bank | Rates as low as 7.49% | Not specified | $1,000 | $35,000 | For in-person visits |
