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Signature Loans: 5 No-Collateral Low-Interest Lenders
Signature loans can be a quick solution when you need a personal loan with no collateral.
Est. APR
7.99 - 35.99%
Loan Amount
$1K - $50,000
Min. Credit Score
600
Loan Terms
2 to 7 years
Upgrade personal loans are best fit for individuals with good to excellent credit who want fast, fixed-rate funding for debt consolidation, home improvements, or major purchases, while benefiting from a simple online application and transparent terms, including a high origination fee that ranges from 1.85% to 9.99%.
Est. APR
8.99 - 35.49%
Loan Amount
$5K - $100K
Min. Credit Score
None
Loan Terms
2 to 7 years
Est. APR
11.69 - 35.99%
Loan Amount
$1K - $50K
Min. Credit Score
None
Loan Terms
3 to 5 years
Est. APR
6.49 - 35.99%
Loan Amount
$250 - $35K
Min. Credit Score
None
Loan Terms
Up to 6 years
The PersonalLoan platform is the best fit for individuals who want to quickly compare and prequalify for personal loans from multiple top lenders online, ensuring transparent rates and fast funding options for a wide variety of credit scores and borrowing needs.
Est. APR
6.70 - 35.99%
Loan Amount
$1K - $75K
Min. Credit Score
None
Loan Terms
3 to 5 years
What is a signature loan?
A signature loan is an unsecured personal loan that typically comes with flexible repayment terms, low monthly payments, and no collateral required.
Signature loans are based on your credit history, income, and your signature which is why it’s referred to as a signature loan.
While signature loans can be used for just about any reason, most people get signature loans to consolidate debt, unexpected emergencies, car or home repairs, to go on vacation, or for school expenses.
Advantages and disadvantages of signature loans
As with any loan, signature loans come with advantages and disadvantages:
Advantages. One of the main advantages of signature loans is that they can be obtained quickly without the need to put up any assets as collateral. The borrower’s signature and promise to pay is the sole collateral for receiving a signature loan. Once approved, funds obtained through signature loans are deposited in the borrower’s checking account more quickly than other types of loans.
Disadvantages. Signature loans can be more difficult to get without an established credit history. That's because lenders take on more risk with no collateral loans. In addition, borrowers with poor credit will likely pay higher interest rates than borrowers with good credit.
