Small Personal Loans Online Less Than $5,000
$1,000, $2,000, $3,500

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Borrow up to $100,000

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PrimeRates provides access to personalized loan offers through our simple and quick pre-qualification application. Once you're pre-qualified, you can select the best offer for you and finalize the loan application with the lender.

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Small Personal Loans

If you need a small-amount personal loan, consider these five lenders. All offer fixed rates with predictable, fixed monthly payments, plus easy online applications. Personal loans are often utilized for major life expenses, such as home renovations, major surgery or even a wedding. But small personal loans can be useful as well for things like car repairs or vacations. Credit cards can be used for small expenses, but they may not be ideal if you have a high interest rate, low credit limit or if you aren’t able to qualify for a card.

Additionally, banks and credit unions may not be willing to approve a loan for a small amount. Online lenders, however, typically offer a wider range of loan amounts, and with more lenient borrowing criteria than traditional financial institutions.

Best Small Personal Loans - $1,000, $2,000, $3,500

Lender APR range Loan terms Minimum loan size
Upgrade 6.94% — 35.97% 36 and 60 months $1,000
Upstart 5.99% – 35.89% 36 to 60 months $1,000
OneMain Financial 18.00% — 35.99% 24, 36, 48 and 60 months $1,500
Best Egg 5.99% — 29.99% 36 and 60 months $2,000
LendingPoint 15.49% — 34.99% 24 to 48 months $2,000
Prosper 7.95% — 35.97% 36 to 60 months $2,000
Avant 9.95% — 35.99% 24 to 60 months $2,000
Marcus 6.99% – 24.99% 36 to 72 months $3,500

Compare Small Personal Loan Rates


  • Loan range: $1,000 — $50,000
  • APR range: 6.94% — 35.97%

Of the five lenders on our list, Upgrade offers the smallest minimum personal loan amount, starting at just $1,000. But you can pick up a loan all the way up to $50,000. Loan terms are offered at either 36 or 60 months, origination fees range from 2.9% to 8% and there are no early prepayment fees. Borrowers with excellent credit will enjoy low interest rates starting at just 6.94%. Once you’re approved, Upgrade sends money to your bank account within one day. The online application is easy and straightforward.

Visit Upgrade

OneMain Financial

  • Loan range: $1,500 — $20,000
  • APR range: 18.00% — 35.99%

OneMain Financial has the second lowest minimum loan amount on our list, starting at just $1,500. However, their interest rates start at a steep 18.00%, which is much higher than the starting interest rates of the other four lenders. But one of OneMain's benefits over the other four lenders is they have some physical branches across the country. That means you can apply and speak to someone in person. OneMain also has more loan terms available than some online lenders — it offers 24-, 36-, 48-, and 60-month options. The origination fee depends on the state you reside in. For example, while the minimum you can borrow is $1,500 for most, the minimum loan amount in California is $3,000, and in Georgia, it’s $3,100.


Best Egg

  • Loan range: $2,000 — $50,000
  • APR range: 5.99% to 29.99%

Best Egg is an online-only lender offering loans starting at a low $2,000, going all the way up to $50,000. Interest rates start at very low rates for those with excellent credit, at only 5.99% at the lowest end. And origination fees range from 0.99% to 5.99%. The online application is fast and easy with Best Egg, and you’ll get the money delivered to your bank account within as little as one day following approval. Best Egg offers 36- and 60-month personal loan options, and there are no prepayment penalties if you’re able to pay off your loan early.

  • You need a minimum 700 FICO® score and a minimum individual annual income of $100,000 to qualify for our lowest APR. For example: a 5-year $10,000 loan with a 9.99% APR has 60 scheduled monthly payments of $201.81; a 3-year $5,000 loan with 8.99% APR has 36 scheduled monthly payments of $157.40. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. Best Egg products are not available if you live in Iowa, Vermont, West Virginia, the District of Columbia, or U.S. Territories.
  • *Trustpilot TrustScore as of June 2020. Best Egg personal loans, including the Best Egg Secured Loan, are made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender or Blue Ridge Bank, a Nationally Chartered Bank, Member FDIC, Equal Housing Lender. “Best Egg” is a trademark of Marlette Holdings, Inc., a Delaware corporation. All uses of “Best Egg” refer to “the Best Egg personal loan”, “the Best Egg Secured Loan”, and/or “Best Egg on behalf of Cross River Bank or Blue Ridge Bank, as originator of the Best Egg personal loan,” as applicable.
  • The term, amount, and APR of any loan we offer to you will depend on your credit score, income, debt payment obligations, loan amount, credit history and other factors. Your loan agreement will contain specific terms and conditions. About half of our customers get their money the next day. After successful verification, your money can be deposited in your bank account within 1-3 business days. The timing of available funds upon loan approval may vary depending upon your bank’s policies. Loan amounts range from $2,000– $50,000. Residents of Massachusetts have a minimum loan amount of $6,500 ; New Mexico and Ohio, $5,000; and Georgia, $3,000. For a second Best Egg loan, your total existing Best Egg loan balances cannot exceed $100,000. Annual Percentage Rates (APRs) range from 8.99%–35.99%. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0.99%–8.99% of your loan amount, which will be deducted from any loan proceeds you receive. The origination fee on a loan term 4-years or longer will be at least 4.99%. Your loan term will impact your APR, which may be higher than our lowest advertised rate.

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  • Loan range: $2,000 — $25,000
  • APR range: 15.49% to 34.99%

LendingPoint offers loans starting at just $2,000, with a maximum amount of $25,000.

The lender focuses on what they call NearPrime™ customers, or people with credit scores in the 600s. Interest rates range from 15.49% to 34.99% APR. If your credit isn’t as strong as it could be, LendingPoint could be a good bet. The lender offers personal loan terms of 24 or 48 months. And it has customers commit to bi-weekly payments rather than monthly to help making budgeting easier. Origination fees range from 0% to 6%. Once you’re approved, money is transferred to you the next day.

Visit LendingPoint


  • Loan range: $5,000 — $100,000
  • APR range: 5.99% to 18.64%

SoFi’s personal loans have the highest minimum loan amount of the five on our list, with loans starting at $5,000 and ranging up to $100,000. But it has one of the lowest starting APRs around — 5.99%. The APR maxes out at a reasonable 18.64% if you enroll in AutoPay, which is by far the lowest interest rate cap among all five lenders. Another big perk of SoFi is that unlike most lenders, they don’t charge an origination fee, saving you significant money. SoFi also offers more terms than most online lenders, with 36-, 48-, 60- and 84-month loan options. It also has no prepayment penalties. The lender is unique in that it offers unemployment protection, allowing you to pause payments if you lose your job.

Visit SoFi

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