This list of lenders and lending partners who offer personal loans for debst consolidation was compiled by U.S. News. Research was done and was based on the company’s criteria for the applicant’s eligibility requirements, repayment terms and methods, fees and other additional factors to determine loan approval.

  • Marcus by Goldman Sachs: Best lender for debt consolidation with no loan fees.
  • LightStream: Best lender for debt consolidation with a co-signer option.
  • Prosper: Best lender for debt consolidation with a low minimum loan amount.
  • Upstart: Best lender for debt consolidation with fair credit.
  • Discover: Best lender for debt consolidation with a long loan term.

It is a known fact that every consumer has different needs, and lenders understand the need to provide specialized designs to meet those needs. The above listed companies stood out among others based on their eligibility, competitive interest rates and other features offered to consumers. You may use this as a guide to find the best company that would match your credit standing and your financial needs.

Are you ready to be debt free for life?

Best Lender for Debt Consolidation With No Loan Fees: Marcus by Goldman Sachs

Marcus by Goldman Sachs accepts applications from borrowers who opt for for fixed-rate unsecured personal loans with They ensure that there will be no origination or prepayment fees.

Minimum FICO credit score: Not disclosed

Maximum debt-to-income ratio: Not disclosed

Co-signer option: No

Preapproval or rate quotes: Not disclosed

Loan amounts: $3,500 to $40,000

Loan terms: Three to six years

Discounts: After making 12 or more consecutive monthly payments in full and on time, you can defer a payment interest free for a month.

Origination fee: None

Best Lender for Debt Consolidation With a Co-Signer Option: LightStream

Being a division of SunTrust Bank, LightStream offers debt consolidation loans nationwide. They accept loan applications from borrowers with co-signers.

Minimum FICO credit score: 660

Maximum debt-to-income ratio: Not disclosed

Co-signer option: Yes

Preapproval or rate quotes: No

Loan amounts: $5,000 to $100,000

Loan terms: Two to seven years

Discounts: None

Origination fee: None

Best Lender for Debt Consolidation With a Low Minimum Loan Amount: Prosper

Prosper has been in the lending industry for nearly 15 years, and has provided more than $14 billion in loans. Loanable amounts start from a low of $2000 to as much as 50% of a borrower’s income. Pre-approvals are also offered which is one of its best features as well as a high loanable amount of 50% debt to income ratio.

Highlights:

Minimum FICO credit score: 640

Maximum debt-to-income ratio: 50%

Co-signer option: No

Preapproval or rate quotes: Yes

Loan amounts: $2,000 to $40,000

Loan terms: Three to five years

Discounts: None

Origination fee: 2.41% to 5%

Are you ready to increase the money in your pocket?

Best Lender for Debt Consolidation With Fair Credit: Upstart

Upstart has funded more than $3.2 billion since 2012. The company uses automation to originate most of its loans and borrowers with a FICO score of 620 are welcome to apply.

Minimum FICO credit score: 620

Maximum debt-to-income ratio: Not disclosed

Co-signer option: No

Preapproval or rate quotes: Yes

Loan amounts: $1,000 to $50,000

Loan terms: Three to five years

Discounts: None

Origination fee: 0% to 8%

Best Lender for Debt Consolidation With a Long Loan Term: Discover

Discover is a company that offers personal loans for debt consolidation and other personal uses. They offer loans with terms of up to seven years.

Minimum FICO credit score: 660

Maximum debt-to-income ratio: Not disclosed

Co-signer option: No

Preapproval or rate quotes: Rate check available

Loan amounts: $2,500 to $35,000

Loan terms: Three to five years

Discounts: None

Origination fee: None