A personal Loan could help you cover a variety of expenses, such as home improvements or medical bills. In some cases, lenders charge fees on personal loans that might increase your overall repayment cost.
One of the most common personal loan fees is an origination fee, which is deducted from your loan amount before you receive your funds. However, there are also some lenders that don’t charge origination fees.
Here’s what you should know about no-origination-fee personal loans and where to find them:
- 5 best personal loans with no origination fees
- Other personal loans to consider
- What is an origination fee?
- Other personal loan fees to consider
- How to take out a no-origination-fee personal loan
- How to keep your personal loan costs as low as possible
5 best personal loans with no origination fees
Before you take out a personal loan, it’s important to compare as many lenders as possible. This way, you can find the right loan for your needs — such as a loan without an origination fee.
Here are Credible’s partner lenders that offer no-origination-fee personal loans:
| Lender | Fixed rates | Loan amounts | Min. credit score | Loan terms (years) |
|---|
Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
|
5.99% - 24.99% APR
| $2,500 to $35,000 | 660 | 3, 4, 5, 6, 7 |
- Fixed APR:
5.99% - 24.99% APR
- Min. credit score:
660
- Loan amount:
$2,500 to $35,000
- Loan terms (years):
3, 4, 5, 6, 7
- Time to fund:
As soon as the next business day after acceptance
- Fees:
Late fee
- Discounts:
None
- Eligibility:
Available in all 50 states
- Customer service:
Phone
- Soft credit check:
Yes
- Loan Uses:
Auto repair, credit card refinancing, debt consolidation, home remodel or repair, major purchase, medical expenses, taxes, vacation, and wedding
|
Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
|
2.49% - 19.99% APR
| $5,000 to $100,000 | 660 | 2, 3, 4, 5, 6, 7
(up to 12 years for home improvement loans) |
- Fixed APR:
2.49% - 19.99% APR
- Min. credit score:
660
- Loan amount:
$5,000 to $100,000
- Loan terms (years):
2, 3, 4, 5, 6, 7*
- Time to fund:
As soon as the same business day
- Fees:
None
- Discounts:
Autopay
- Eligibility:
Available in all states except RI and VT
- Customer service:
Phone, email
- Soft credit check:
No
- Loan servicer:
LightStream
- Min. Income:
Does not disclose
- Loan Uses:
Credit card refinancing, debt consolidation, home improvement, and other purposes
|
Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
|
6.99% - 19.99% APR1
| $3,500 to $40,0002 | 660
(TransUnion FICO®️ Score 9) | 3, 4, 5, 6, 7 |
- Fixed APR:
6.99% - 19.99% APR1
- Min. credit score:
660
(TransUnion FICO®️ Score 9)
- Loan amount:
$3,500 to $40,0002
- Loan terms (years):
3, 4, 5, 6
- Time to fund:
Many Marcus customers receive funds in as little as three days
- Fees:
None
- Discounts:
Autopay
- Eligibility:
Available in all 50 states
- Customer service:
Phone
- Soft credit check:
Yes
- Loan servicer:
Goldman Sachs
- Min. Income:
$30,000
- Loan Uses:
Credit card refinancing, debt consolidation, home improvement, major purchase, and other purposes
|
Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
|
5.99% - 17.99% APR
| $600 to $50,000
(depending on loan term) | 660 | 1, 2, 3, 4, 5 |
- Fixed APR:
5.99% - 17.99% APR
- Min. credit score:
660
- Loan amount:
$600 to $50,000*
- Loan terms (years):
1, 2, 3, 4, 5
- Time to fund:
2 to 4 business days after verification
- Fees:
None
- Discounts:
None
- Eligibility:
Does not disclose
- Customer service:
Phone, email
- Soft credit check:
No
- Min. Income:
Does not disclose
- Loan Uses:
Debt consolidation, home improvement, transportation, medical, dental, life events
|
Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
|
5.99% - 18.83% APR
| $5,000 to $100,000 | Does not disclose | 2, 3, 4, 5, 6, 7 |
- Fixed APR:
5.99% - 18.83% APR
- Min. credit score:
Does not disclose
- Loan amount:
$5,000 to $100,000
- Loan terms (years):
2, 3, 4, 5, 6, 7
- Time to fund:
3 business days
- Fees:
None
- Discounts:
Autopay
- Eligibility:
Available in all states except MS
- Customer service:
Phone, email
- Soft credit check:
Yes
- Min. Income:
Does not disclose
- Loan Uses:
Solely for personal, family, or household uses
|
Discover
Best for: Longer repayment terms
If you’re looking for a personal loan with a longer repayment term, Discover could be a good choice — you can borrow $2,500 to $35,000 with terms from three to seven years. Just keep in mind that if you pick a longer term, you’ll pay more in interest over time.
4.4
Credible rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
Discover Personal Loans
Fixed APR
Range of fixed rates available from this lender
5.99% - 24.99% APR
Min. credit score
Minimum credit score needed to qualify
660
Loan amount
Total amount you can borrow from this lender
$2,500 to $35,000
Time to fund
How long it takes to receive your money
As soon as the next business day after acceptance
Ready to find a personal loan?
Compare rates from top personal loan lenders to find the right one for you.
Check Personalized Rates
Checking rates won't affect your credit score
View Details
- Fixed APR:
5.99% - 24.99% APR
- Min. credit score: 660
- Loan amount: $2,500 to $35,000
- Loan terms (years): 3, 4, 5, 6, 7
- Time to fund: As soon as the next business day after acceptance
- Fees: Late fee
- Discounts: None
- Eligibility: Available in all 50 states
- Customer service: Phone
- Soft credit check: Yes
- Loan Uses: Auto repair, credit card refinancing, debt consolidation, home remodel or repair, major purchase, medical expenses, taxes, vacation, and wedding
Pros
- Repayment terms up to 7 years
- Accepts fair credit scores
- Fast loan funding
Cons
- Charges late fees
- No discounts offered
- Can only borrow up to $35,000
LightStream
Best for: Large loan amounts
With LightStream, you can borrow $5,000 to $100,000 — which could make it a good option if you need a large loan. Most LightStream loans come with terms from two to seven years, but if you use your loan for home improvements, you could have up to 12 years to repay it.
4.9
Credible rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
LightStream Personal Loans
Fixed APR
Range of fixed rates available from this lender
2.49% - 19.99% APR
Min. credit score
Minimum credit score needed to qualify
660
Loan amount
Total amount you can borrow from this lender
$5,000 to $100,000
Time to fund
How long it takes to receive your money
As soon as the same business day
Ready to find a personal loan?
Compare rates from top personal loan lenders to find the right one for you.
Check Personalized Rates
Checking rates won't affect your credit score
View Details
- Fixed APR:
2.49% - 19.99% APR
- Min. credit score: 660
- Loan amount: $5,000 to $100,000
- Loan terms (years): 2, 3, 4, 5, 6, 7*
- Time to fund: As soon as the same business day
- Fees: None
- Discounts: Autopay
- Eligibility: Available in all states except RI and VT
- Customer service: Phone, email
- Soft credit check: No
- Loan servicer: LightStream
- Min. Income: Does not disclose
- Loan Uses: Credit card refinancing, debt consolidation, home improvement, and other purposes
Pros
- Can borrow up to $100,000
- Fast loan funding
- Accepts fair credit scores
Cons
- Must borrow at least $5,000
- Doesn’t disclose minimum income requirements
- Not available in Rhode Island or Vermont
Marcus
Best for: Budget-friendly payment options
With Marcus, you can borrow $3,500 to $40,000 with terms from three to six years. Marcus also offers tailored monthly payment options that could help you fit your payment more easily into your budget.
Plus, after you’ve made at least 12 consecutive, on-time payments, Marcus will let you defer one monthly payment interest-free.
4.3
Credible rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transpare
