Credible Personal Loans Review 2025: Best Marketplace to Compare Rates

Best Marketplace

4.9 _/5

View Rates

Our take: Credible is our pick for best loan marketplace thanks to its fast, user-friendly platform and transparent prequalification process. With just one quick form, you can compare multiple offers without hurting your credit. That’s a major advantage for rate shopping.

Personal Loan Marketplace

• Compare loans from multiple curated lenders
• No impact on your credit score when you apply to compare lenders and rates 
• Get prequalified loan offers in as little as 2 minutes

• Credible doesn’t offer the option to apply for joint loans
• Credible lenders may charge an origination fee of up to 12%

Rates (APR)	7.74% – 15.94%1
Loan amounts	$1,000 – $200,000
Repayment terms	12 – 120 months

Credible earns our top rating as the best personal loan marketplace. It lets you compare real, prequalified loan offers from multiple lenders in minutes with no impact on your credit score. You’ll see rates, terms, and fees upfront, so there are no surprises.

Credible is especially useful if you want to shop for the lowest rate, explore high loan limits, or avoid the hassle of applying separately with individual lenders.

Table of Contents

1. How Credible personal loans work
   1. Rates, limits, and fees
2. Eligibility requirements
3. Repayment
4. How to apply
5. Pros and cons
6. Reviews and reputation
7. Is Credible legit?
8. Alternatives
   1. vs. LendingTree
   2. vs. Engine by MoneyLion
   3. vs. Splash Financial

How Credible personal loans work

Credible is a loan marketplace, not a lender. That means you won’t borrow from Credible itself. Instead, you’ll use its platform to compare prequalified offers from partner lenders.

The process is fast and straightforward:

• You fill out a short form to check your rate.
• Credible runs a soft credit check, which won’t hurt your score.
• You get a list of matched lenders and their loan offers.
• If you choose one, you’ll be redirected to the lender’s site to complete your application.

Credible charges no fees to use its service, and it won’t share your information without permission. Once you accept an offer, your lender handles the loan agreement, funding, and repayment.

Rates, limits, and fees

Term	Details
Fixed rates (APR)	7.74% – 15.94%
Rate discounts	Autopay discount of up to 0.50%
Loan amounts	$1,000 – $200,000
Repayment periods	1 – 10 years
Joint loans	Some lenders allow them, but the Credible form supports only one applicant
Funding speed	As soon as 1 business day
Origination fee	0% – 12%, depending on the lender

While Credible itself doesn’t charge any fees, partner lenders may include origination fees, especially for fair- or poor-credit borrowers. These fees are deducted from your total loan amount, so make sure to check the “you’ll receive” amount before accepting an offer.

Eligibility requirements

Credible partners with lenders that serve a wide range of credit profiles, but you’ll need to meet some basic requirements:

Requirement	Details
Citizenship	U.S. citizens or permanent residents with a Social Security number
State of residence	Loans not available in all states
Minimum age	18
Min. credit score	580 (varies by lender)
Income	Must have a steady income (exact amount varies)

You don’t need perfect credit to get matched. Credible can show you offers even if your score is in the fair range (580 to 669), although higher scores will qualify you for lower rates and better terms.

Repayment

Once you’re approved and accept an offer, your lender (not Credible) will set the repayment schedule. Most offer monthly payments over one to 10 years, depending on the loan amount, your credit, and other factors.

You’ll usually have the option to:

• Set up autopay (and potentially earn a rate discount)
• Pay early with no prepayment penalty (confirm this with your lender)

How to apply for a Credible personal loan

The Credible application process is designed to be fast, free, and transparent. Here’s how it works:

1. Start with a soft credit check. Click “Check My Rate” to fill out a short form. You’ll enter your loan amount, purpose, employment details, income, and housing info. Credible will perform a soft credit inquiry, so there’s no impact on your credit score.
2. Compare real offers. Within minutes, you’ll see prequalified offers from multiple lenders. Each offer includes:
   • Estimated rate and monthly paymentLoan termOrigination fee (if applicable)Total interest costAmount you’ll receive after fees

3. Choose your lender. Once you pick an offer, you’ll be redirected to the lender’s website to complete your application. This may involve a hard credit check, which could lower your score by a few points.
4. Finalize and fund. If approved, most lenders deposit funds in as little as one business day. You’ll repay the lender directly.

Pros and cons of Credible personal loans 

Pros

• Compare multiple lenders at once with a single form.

• Soft credit check won’t affect your score

• Prequalified offers in 2 minutes

• Transparent rates and terms upfront, no teaser rates

• Wide range of loan amounts up to $200,000

• Fast funding, often within one business day

• Available to borrowers with fair credit (580+)

Cons

• Hard credit check required when you apply with a lender

• Not available in every state

• No joint applications via the Credible form (some lenders support it, though)

• Some lenders charge high origination fees (up to 12%)

Credible reviews and reputation

Credible earns high marks from users for its speed, simplicity, and no-pressure approach.

Source	Customer rating	Number of reviews
Trustpilot	4.8/5	9K
Better Business Bureau (BBB)	1.0/5	4

It’s BBB-accredited and has an A+ rating with the agency.

What customers like:

Really helped me consolidate my high interest credit cards.

Overall, I had an excellent experience utilizing Credible to obtain a Personal Loan. All of the options offered to me were very competitive and I ended up getting the best possible APR on the type of loan that I obtained. While I do have an excellent credit history, I was fortunate enough to obtain a loan through LightStream. I appreciate the streamlined service that is offered through Credible to be able to find the best rate possible. Thank you.

A few concerns mention:

• Delays in funding from the individual lenders (not Credible itself)
• Occasional tech issues navigating the application or offer list
• Confusion when a lender pulls a hard inquiry after prequalification

Bottom line: Most users find Credible fast, user-friendly, and helpful for comparing personal loan options side by side.

Is Credible legit?

Yes, Credible is a legitimate and trustworthy loan marketplace. It was founded in 2012 and is now owned by Fox Corporation. The platform is secure, accredited, and works only with vetted lenders.

Here’s what adds to its credibility:

• SSL encryption protects your personal data
• No hidden fees or bait-and-switch tactics
• No spam policy. Credible doesn’t sell your info
• Only shows real, prequalified rates (not teaser ads)
• Backed by a major media company with a reputation to uphold

“The only favorite we have is you.” That’s Credible’s promise. It’s built to help you find your best loan offer, not to steer you toward a particular lender.

Remember: Credible isn’t the lender. It’s a tool to help you compare offers quickly and confidently, with no risk to your credit.

Alternatives to Credible

If you’re comparing marketplaces, here’ are’s how Credible compares to three other platforms worth considering. Each has its own strengths, but Credible remains our top pick for speed, transparency, and user experience.

Credible vs. LendingTree

LendingTree connects borrowers with more than 300 lenders, making it the largest loan marketplace on our list. It’s great if you want to cast a wide net, but it can sometimes feel overwhelming, and you may receive marketing emails from lenders even after you finish applying.

Credible wins for simplicity and curated results, while LendingTree is better if you’re looking for maximum lender reach.

Credible vs. Engine by MoneyLion

Engine by MoneyLion offers personal lines of credit (PLOC) in addition to personal loans, whereas with Credible, you can’t request a PLOC.

Consider Engine if you’re looking for a personal line of credit, but otherwise, we recommend Credible.

Credible vs. Splash Financial

Splash Financial specializes in refinancing, especially for student loans, but it also offers personal loans through a smaller network of partners. You may find strong rates if you qualify, but Splash’s lender selection isn’t as broad, and it focuses more on good-credit borrowers.

Use Splash if you’re refinancing and have excellent credit; otherwise, Credible is more flexible.

How we rated Credible 

LendEDU’s editorial rating system is designed to help readers find companies that offer the best personal loans. Our system awards higher ratings to companies with affordable solutions, positive customer reviews, and online transparency of benefits and terms.

We compared Credible to several personal loan lenders and marketplaces, using hundreds of data points from company websites, public disclosures, customer reviews, and direct communication with company representatives. We weighted, scored, and combined each factor to produce a final editorial rating. This rating is expressed on a scale from 1 to 5, with 5 being the highest possible score. Our take is represented in our rating and best-for designation, recapped below.

_{¹ Rates for personal loans provided by lenders on the Credible platform range between 6.94% – 35.99% APR with terms from 12 – 120 months. Credible also works with network Partners like MoneyLion and AmONE, who offer loan and other products with different rates and terms than described here. Rates presented include lender discounts for enrolling in autopay and loyalty programs, where applicable. Actual rates may be different from the rates advertised and/or shown and will be based on the lender’s eligibility criteria, which include factors such as credit score, loan amount, loan term, credit usage and history, and vary based on loan purpose. The lowest rates available typically require excellent credit, and for some lenders, may be reserved for specific loan purposes and/or shorter loan terms. The origination fee charged by the lenders on our platform ranges from 0% to 12%. Each lender has their own qualification criteria with respect to their autopay and loyalty discounts (e.g., some lenders require the borrower to elect autopay prior to loan funding in order to qualify for the autopay discount). All rates are determined by the lender and must be agreed upon between the borrower and the borrower’s chosen lender. For a loan of $10,000 with a three year repayment period, an interest rate of 7.99%, a $350 origination fee and an APR of 10.43%, the borrower will receive $9,650 at the time of loan funding and will make 36 monthly payments of $313.32, assuming your lender deducts the origination fee from the offered loan amount. Assuming all on-time payments, and full performance of all terms and conditions of the loan contract and any discount programs enrolled in included in the APR/interest rate throughout the life of the loan, the borrower will pay a total of $11,279.43. As of March 3, 2022, none of the lenders on our platform require a down payment nor do they charge any prepayment penalties.}