Are you looking for a personal loan? Consider the following four loan providers who work with consumers at various levels of financial health:

SoFi

SoFi enjoys a robust reputation in the realm of digital, personal lenders. They offer what could only be described as generous, customer-facing benefits that makes applying for a loan very attractive for new and current consumers.

First off, there’s no minimum annual income requirements. No matter what you earn, you can apply for a personal loan. Loan term lengths range between two and seven years to pay off. You can borrow between $5000 and $100,000. Your estimated APR (interest) on your loan currently ranges between 6.20% and 15.24%. Of course, your loan interest percentage will depend upon your credit score, the length of your loan terms, and the principle amount of money you’ll borrow.

There are definite benefits for applying for a SoFi loan. First, if you apply for the loan and pay using their autopay feature, then you’ll be rewarded with a 0.25% discount on your loan. What’s more, if you ever find yourself unemployed during the term of repaying your loan, then not only will they work out a generous repayment plan, but according to their literature, they’ll offer you resources to help you to financially get back on your feet.

All of this sounds like 21st century borrowing at its best, but it comes with a caveat: You must have at least a 680 credit score in order to qualify for a loan. However,if your score is 680 and above, then you’ll have nothing to worry about. If you’re a consumer who generally indulges in healthy financial habits, then you’ll find borrowing from SoFi a positive experience.

Lightstream

If you’re consumer who has a 660 credit score or higher, and you like working with a lender who knows how to reward its customers, then you might want to look at taking out a loan with Lightstream.

Lighstream enjoys a high scoring reputation among its competitors. There’s no minimum annual income requirements, and there’s no excess fees attached to the loan. The minimum amount that you can borrow is $5000, and the maximum loan amount is $100,000. If you’re in need of a large sum of money for large scale projects in your life (such as real estate), then this is the lender who can meet your needs for liquid cash.

You can currently expect to pay between 3.09% and 14.24% interest on your loan. The interest your loan incurs will depend upon factors such as your credit score, the amount of money borrowed, and your length of time for repaying the loan. That said, loan term lengths range between 2-12 years.

Lightstream offers perks to borrowers such as a 0.50% discount for setting up autopay for repayments. They will accept co-signers, and they’ll even offer $100 in free cash if you’re not happy with your borrowing experience, and you formally submit feedback to Lightstream. This is a wonderful solution for those with good credit, healthy financial habits, and in need of large sums of unsecured funds.

Municipal Credit Union

Like many consumers, you might be under the impression that personal loans are only available for those with good-to-excellent credit scores. But there are institutions that understand that there’s all sorts of reasons for a low credit score. It’s institutions like Municipal Credit Union that are willing to offer consumers with poor credit an opportunity to borrow money, while raising credit scores with good repayment habits.

Municipal Credit Union has a zero minimum credit score requirement, and they accept co-signers. They offer extremely reasonable interest rates on their loans, currently ranging between 5.95% and 7.55%. You can borrow between $1000 and $50000. You’ll have between 1 and 6 years to repay your loan.

More benefits of borrowing from Municipal Credit Union is that they’ve been around since 1916, so you don’t have to fear borrowing money from an operation that sounds too good to be true. You’ll also find that they want to make the loan process as easy for you as possible. They’ll deposit funds into your account quickly.

With all of this said, there are considerations for taking out a loan with this credit union. First, you’ll need to become an actual member of the credit union – you won’t be able to be an independent customer of their financial products. Secondly, if you’re late on your payments, then you’ll incur a $25 late fee. Also, while there’s no credit score requirement, there is an annual income requirement of $15,000. But if you earn (or generate via pension) $15,000 or more per year, then this won’t be an issue for you.

Of course, repaying a credit union loan will definitely help to boost your credit score, so if you’re looking for a way to obtain cash while boosting your score, then setting up a Municipal Credit Union account could get you on the right path.

LendingPoint

It’s true that many financial institutions won’t work with bankruptcy consumers, but there are some that will. One such institution that works with consumers with certain applicants who have filed bankruptcy within 12 months prior to application is Lending Point.

It should be noted that LendingPoint still has requirements for its applicants. First, applicants must have a minimum credit score of 585 or better. Next, applicants must have a minimum income of $20,000 annually, or more.

Due to LendingPoint’s lenient nature towards certain borrowers, if your credit score is low or if you’ve experienced a bankruptcy, then you can expect for your interest percentage to be higher than most loans on the market. Currently, Lending Point places an interest rate between 9.99% and 35.99% percent.

Of course, you interest rate will vary upon your current credit score, the amount of money you’ll borrow and the length of time you’ll need to repay your loan. Currently, loan repayment terms range between 2 to 4 years. And you should expect an origination fee to be placed on your loan. This currently ranges between 0 and 6 percent on your loan amount.

Some of the requirements and the interest rates might seem a bit aggressive, but if you’re in need of cash and you’re experiencing credit report roadblocks, then you might want to investigate a LendingPoint loan. By the way, you can borrow between $2000 and $25,000 in cash.

How to get the best interest rates on loans

There’s two components of a loan that needs to be repaid: The principal and the interest. Your principal is the actual amount of money that you’ll borrow, and the interest is the fee that institutions attach to the principal in order to generate revenue on the money they loan for repayment.

As a loan consumer, your goal is to obtain an interest rate that’s as low as possible. When you repay your loan, you want the majority of your money to repay exactly what you’ve borrowed. But this means that you’ll need to have certain financial aspects in place.

First, you’ll need to make sure that you appear to be a good financial risk to lenders. This includes increasing your credit score. The higher your credit score, the more you’ll appear to lenders as if you have healthy financial habits. Next, research the most competitive lenders that your current credit score will allow you to borrow from. Lenders are all in competition with each other, so they want to it as easy for you as possible to borrow money.

Finally, don’t borrow more cash then you can repay as quickly as possible. The more cash you borrow, the higher of a risk you are for repayment. Start with a lender by borrowing the least amount of money as you can afford. Once you’ve successfully repaid your first loan with the lender, then you’ll be able to negotiate the interest terms on your next loan.