Many or all companies we feature compensate us. Compensation and editorial research influence how products appear on a page. Personal Loans Best Personal Lines of Credit for 2025 Updated Jun 27, 2025 8-min read Expert Approved Expert Approved This article has been reviewed by a Certified Financial Planner™ for accuracy. Methodology Methodology LendEDU evaluates personal loan companies to help readers find the best personal loans. Our latest analysis reviewed 1,029 data points from 49 lenders and financial institutions, with 21 data points collected from each. Written by Catherine Collins Written by Catherine Collins Expertise: Budgeting, Mortgages, Credit, Debt, Personal loans, Small business, Entrepreneurship Learn more about Catherine Collins Reviewed by Erin Kinkade, CFP® Reviewed by Erin Kinkade, CFP® Expertise: Insurance planning, education planning, retirement planning, investment planning, military benefits, behavioral finance Erin Kinkade, CFP®, ChFC®, works as a financial planner at AAFMAA Wealth Management & Trust. Erin prepares comprehensive financial plans for military veterans and their families. Learn more about Erin Kinkade, CFP® A personal line of credit combines the flexibility of a credit card with the spending power of a loan. It’s ideal if you have ongoing expenses and want to borrow only what you need. We’ve reviewed top lenders to help you find the best option for your credit and goals. Best Marketplace 4.6 View Rates Rates (APR) Varies Funding Varies Term (Yrs.) Varies Min. Credit Score None 4.6 View Rates Best for No-Interest Line of Credit 4.6 View Rates Rates (APR) None Funding $500 – $4.5K Term (Yrs.) Revolving Min. Credit Score None 4.6 View Rates Best for No Annual Fees 4.4 View Rates Rates (APR) 12% – 22% Funding Up to $25K Term (Yrs.) 1 – 7 Min. Credit Score 680 4.4 View Rates Best for Large Lines 4.0 View Rates Rates (APR) 13.19% – 17.74% Funding $5K – $50K Term (Yrs.) Not disclosed Min. Credit Score Not disclosed 4.0 View Rates Table of Contents Top personal lines of credit MoneyLion Elastic U.S. Bank Truist How it works Types Eligibility How to choose Uses Pros and cons Alternatives FAQ Can you use a personal line of credit for anything? Are there fees? What if I miss a payment? Top personal lines of credit Here are the best personal lines of credit for 2025 based on rates, fees, features, and borrower experiences. Best marketplace: MoneyLion Best for no-interest lines of credit: Elastic Best for no annual fees: U.S. Bank Best for a large line of credit: Truist MoneyLion Best Marketplace 4.6 /5 View Rates Why MoneyLion is one of the best MoneyLion is a marketplace that provides access to personal loans and lines of credit from a network of lenders. Whether you need a personal loan for a large purchase or a line of credit for ongoing expenses, MoneyLion lets you directly compare prequalified offers from one location. You can complete the entire process online in seconds with a short form. Seeing your results is free and won’t affect your credit score. Offers access to both lines of credit and personal loans Compare prequalified offers from one location No application or service fees It doesn’t affect your credit score Only prequalified with its network of lenders Rates (APR)Vary by lenderLoan amountsVary by lenderRepayment termsVary by lender Eligibility requirements Soft credit check: Yes Minimum credit score: None Minimum income: None States: All 50 states and D.C. Elastic Best for No Interest 4.6 /5 View Rates Why Elastic is one of the best Elastic offers access to a smaller personal line of credit. You can borrow $500 to $4,500 to cover emergencies or day-to-day costs, and funding is available as soon as the next day after approval. You might consider Elastic if you need funds fast and have a bank account. You’ll need a checking account to receive proceeds from your line of credit. Rather than charging interest, Elastic charges a cash advance fee and a carried balance fee to access your line of credit. The cash advance fee ranges from 5% to 10%, and the carried balance fee is $5 to $350, depending on how often you make payments. Funds available as soon as the next day Access to financial tools like Credit Score Plus and Financial U Check your eligibility without affecting your credit Fee structure makes it difficult to predict costs Not available in all 50 states Rates (APR)None, payment based on feesLoan amounts$500 – $4,500Repayment termsNot disclosed Eligibility requirements Soft credit check: Yes Minimum credit score: Not disclosed Minimum income: Not disclosed States: Not disclosed U.S. Bank Best for No Annual Fee 4.4 /5 View Rates Why U.S. Bank is one of the best U.S. Bank offers personal loans and unsecured personal lines of credit. You can get up to $25,000, and personal line of credit rates are competitive. If you’re getting a personal line of credit for emergencies, you can link it to your U.S. Bank checking account for easy transfers. You can also use it as backup overdraft protection for your checking account. The lack of an annual fee is a standout benefit; most other lines of credit come with an annual maintenance fee. Once approved, you can manage your credit line at ATMs, online, through the U.S. Bank mobile app, at a branch, or using personal access checks. Offers multiple lines of credit for different uses No annual fee Check your eligibility without affecting your credit Must have a U.S. Bank checking account Rates (APR)12.50% – 22.50% Loan amountsUp to $25,000Repayment terms1 – 7 years Eligibility requirements Soft credit check: Yes Minimum credit score: 680 Minimum income: Not disclosed States: All 50 states and D.C. Other requirements: Must be a U.S. Bank checking account client Truist Best for Large Lines of Credit 4.0 /5 View Rates Why Truist is one of the best Truist offers several personal lines of credit to meet different needs. The amount you can borrow depends on the credit line you choose. Here’s how funding limits compare. Unsecured personal lines of credit: Borrow up to $50,000 Secured personal lines of credit: Credit lines start at $25,000 Ready Now lines of credit: Borrow $300 to $7,500 Physician lines of credit: Borrow up to $100,000 Truist is one of the best personal lines of credit options if you need a larger credit line and you’re looking for competitive rates. You won’t pay any application or cash advance fees. If you have a Truist bank account, you can apply for a personal line of credit by phone. Otherwise, you’ll need to visit a Truist branch to apply. The bank doesn’t specify a minimum credit score required for approval. Choose between secured or unsecured lines of credit No application or cash advance fees Same-day funding available in select cases Check your eligibility without affecting your credit Can’t check your eligibility with a soft credit check Rates (APR)Starting at 13.69% Loan amounts$5,000 – $50,000Repayment termsNot disclosed Eligibility requirements Soft credit check: No Minimum credit score: Not disclosed Minimum income: Not disclosed States: All 50 states and D.C. How personal lines of credit work A personal line of credit is a revolving account. You borrow as needed up to a set limit and repay only what you use plus interest. Unlike personal loans (lump sums), lines of credit provide ongoing access during your draw period. Types of personal lines of credit Unsecured: No collateral; higher rates but faster access. Secured: Backed by savings, investments, or home equity; lower rates, but your asset is at risk if you default. Eligibility requirements Credit score: Often 580+, better rates with 680+ Employment/income: Stable employment and income verification required Debt-to-income ratio (DTI): Preferably below 35% to show manageable debt levels How to choose the best line of credit Credit limit: Ensure it covers your needs Rates and fees: Check APR, annual fees, origination fees Repayment terms: Know the draw period and repayment expectations Flexibility: Can it cover different expenses seamlessly? Lender reputation: Read reviews and confirm transparency Common uses Here are examples of when you might rely on a line of credit versus other borrowing options. UseWhat it coversHome improvementsContractors, supplies, or other expensesDebt consolidationPay off high-interest debts and streamline monthly paymentsMedical expensesCosts insurance doesn’t coverWedding expensesCaterers, photographers, wedding staff, and decorationsDay-to-day billsFilling the gaps between paychecksUnexpected expensesCar repairs, veterinarian bills, and other emergencies Pros and cons Pros Flexible access to funds Only pay interest on what you use Often lower rates than credit cards Cons Variable rates can increase costs Fees may apply Overuse can hurt your credit score Alternatives ProductBest forPersonal loanLump sums, fixed payments, and ratesHELOCHomeowners needing large funds tied to equityCredit cardSmall purchases, rewards, or short-term needs Line of Credit vs. Personal Loan FAQ Can you use a personal line of credit for anything? Yes, you can use a personal line of credit for any purpose, including consolidating high-interest debt, renovating your home, taking a vacation, improving cash flow, or making a large purchase. Are there fees? Yes, many lenders charge fees when you take out a personal line of credit, but these vary by lender. They could include origination fees, late fees, cash advance fees, and annual fees. These can add to the overall cost of your loan, so it’s important to consider them when you’re comparing lenders. What if I miss a payment? Most lenders will charge you a late fee if you miss a payment on your personal line of credit. Your lender might also raise your interest rate. Your lender will also report it to the credit bureau if you’re more than 30 days late. Your payment history makes up 35% of your credit score, which means your credit score will drop if you’re late. How we selected the best personal lines of credit Since 2017, LendEDU has evaluated personal loan companies to help readers find the best personal loans. Our latest analysis reviewed 1,029 data points from 49 lenders and financial institutions, with 21 data points collected from each. This information is gathered from company websites, online applications, public disclosures, customer reviews, and direct communication with company representatives. These data points are organized into broader categories, which our editorial team weights and scores based on their relative importance to readers. These star ratings help us determine which companies are best for different situations. We don’t believe two companies can be the best for the same purpose, so we only show each best-for designation once. Higher star ratings are ultimately awarded to companies that create an excellent borrower experience with affordable financing solutions. This includes offering online eligibility checks, cost transparency, little to no fees, and other unique benefits to support borrowers in repayment. List of personal loan and line of credit companies we evaluated Achieve Avant Axos Balance Credit Best Egg Citibank Credible DCU Discover Earnest Elastic Happy Money Huntington Bank Jora Credit KeyBank LendingClub LendingPoint LendingTree LightStream Lift Credit M&T Bank MoneyLion Marcus Mariner Finance Moneykey Navy Federal NetCredit Oportun OppLoans OneMain Financial PenFed CU Personify Financial PNC Possible Finance Prosper Regions Bank Reliable Credit RISE Credit Rocket Loans Santander SoFi Splash Financial TD Bank Truist U.S. Bank Upgrade Upstart USAA Wells Fargo Recap of the best personal lines of credit Best Marketplace 4.6 View Rates Rates (APR) Varies Funding Varies Term (Yrs.) Varies Min. Credit Score None 4.6 View Rates Best for No-Interest Line of Credit 4.6 View Rates Rates (APR) None Funding $500 – $4.5K Term (Yrs.) Revolving Min. Credit Score None 4.6 View Rates Best for No Annual Fees 4.4 View Rates Rates (APR) 12% – 22% Funding Up to $25K Term (Yrs.) 1 – 7 Min. Credit Score 680 4.4 View Rates Best for Large Lines 4.0 View Rates Rates (APR) 13.19% – 17.74% Funding $5K – $50K Term (Yrs.) Not disclosed Min. Credit Score Not disclosed 4.0 View Rates