Yusra3
VIP Contributor
Personify Financial and OneMain Financial are two lenders that cater to borrowers with less-than-perfect credit. Personify offers personal loans from $1,000 to $15,000 with APRs generally ranging from 24.99% to 34.99%. They have flexible repayment terms from 6 to 60 months and no prepayment penalties. OneMain's personal loan amounts go up to $20,000 with typical APRs between 18% to 35.99%. Their loan terms are 24, 36, 48 or 60 months.
For those with credit scores below 670, Personify may be the more accessible option thanks to their lower minimum credit requirements. However, OneMain could provide lower interest rates for borrowers with fair or average credit profiles. OneMain also has a wider national footprint with branch locations for in-person service.
Ultimately, the better lender depends on your credit tier, loan amount needed, and importance of factors like customer service versus purely costs. But both offer viable personal loan products for non-prime borrowers compared to traditional banks.
For those with credit scores below 670, Personify may be the more accessible option thanks to their lower minimum credit requirements. However, OneMain could provide lower interest rates for borrowers with fair or average credit profiles. OneMain also has a wider national footprint with branch locations for in-person service.
Ultimately, the better lender depends on your credit tier, loan amount needed, and importance of factors like customer service versus purely costs. But both offer viable personal loan products for non-prime borrowers compared to traditional banks.
