Best Debt Consolidation Loans
Compare the top personal loans for combining high-interest credit card debt into one lower monthly payment.
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Our Top Pick
Discover Personal Loans
The best no-fee debt consolidation loan. Competitive APRs and lightning-fast funding with zero hidden costs.
Discover Personal Loans
Discover
Pros
- +Zero fees — no origination, no late fees, no prepayment penalties
- +Same- or next-day funding
- +Direct payment to creditors for consolidation
Cons
- −No rate discounts available
- −Requires good credit (660+ minimum)
The best no-fee debt consolidation loan. Competitive APRs and lightning-fast funding with zero hidden costs.
SoFi Personal Loan
SoFi
Pros
- +No origination fees
- +Multiple rate discounts (0.25% for direct creditor payment)
- +Unemployment protection and free financial planning
Cons
- −High minimum loan amount ($5,000)
- −No option to choose initial payment date
Best for large consolidation loans. Consumer-friendly features and hardship protections for qualified borrowers.
LendingClub Personal Loan
LendingClub
Pros
- +Pre-qualify with soft credit check
- +Direct creditor payments available
- +Flexible payment date selection
Cons
- −Origination fee up to 8%
- −Higher APR ceiling than competitors
Good for borrowers who want flexibility. The soft-pull pre-qualification lets you shop rates without hurting your score.
Best Egg Personal Loan
Best Egg
Pros
- +Secured loan option for lower rates
- +Direct creditor payment for consolidation
- +Free credit score monitoring included
Cons
- −Origination fee 0.99% – 9.99%
- −No co-signed or joint loan options
Worth considering if you can offer collateral for a secured loan — you may get a significantly lower APR.