Credible Review

Founded in 2012, Credible has been providing its purposeful blend of services to prospective borrowers for more than half a decade. Credible carefully vets all the lenders in its network to ensure that only the best options for borrowers are listed. 

Personal Loans Best for
4 /5
$ 1000 /mo
Starting Price
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    Disclaimer: Please be advised that we accept advertising compensation from companies that appear on Our rating are determined by our subjective opinion. 

    Shopping around for a personal loan can be a daunting task given all the different options and lenders. Luckily, one provider has found a way to make the loan comparison process simpler through their marketplace model. Our Credible personal loan reviews discovered that you can easily compare lenders and their accompanying rates in just a few minutes. Through its online marketplace, Credible loans is designed to bring lenders and borrowers together to help borrowers access a variety of applicable loan offers. Whether you need a relocation loan or want to get a loan for your wedding, Credible lending can help. 

    Users can obtain between $1,000 and $100,000 in personal loans with advertised Credible interest rates starting from 4.99% APR. Credible lending partners offer varying interest rates that can be both fixed and variable and we appreciated that borrowers can also select repayment plans that are suited to their needs.  Best of all, their service is free and will not impact your credit score. 

    Why Get a Personal Loan from Credible?

    It is the borrowers and not the lenders that remain in control of the loan process via Credible lending services. Borrowers can compare loan offers from up to eleven different lenders such as Avant and LendingClub before eventually choosing loans that are best suited for their needs. One of the best features we uncovered during our Credible personal loan reviews was that the service is entirely free of charge and does not involve a hard credit check which can negatively impact your score. 

    Another major positive is that while users can borrow as much as $50,000, we could still find lenders that are willing to extend up to $100,000 in loans. The rates are also favorable, starting from 4.99% APR. Some lenders are also willing to provide highly competitive Credible lending rates for borrowers with a strong credit scores and a solid credit history. For individuals that require help along the process, Credible makes a highly experienced team of experts available to guide you throughout the entire loan selection process.

    What Does Credible Offer?

    Credible offers multiple financing options through its marketplace model. Apart from personal loans, borrowers can pick from mortgage refinancing, home loans, student loans, and credit card comparisons. Each of the different borrowing options features a choice of multiple lenders which offer their own terms and rates in applicable situations.

    Throughout our Credible personal loan reviews, we found that the loan application process is simple and quick. After approval by a Credible lending partner, you may receive your funds within as little as one business day. Note, however, that this amount of time depends entirely on the lender and their terms and conditions.

    While Credible is best for individuals with a good to excellent credit score, it is still possible to access financing through their platform with a poor credit score. Through the help of a cosigner who will agree to pay your debt in case you default, a cosigner with a good credit score can help borrowers with weaker credit access financing.

    What is Credible’s Eligibility Criteria?

    In our Credible loan reviews, we found that to qualify for a personal loan you will need to have a good or excellent credit score to secure the best rates. In case you do not have a good credit score, you can still get a loan with a more favorable rate through a cosigner.

    Different lenders have their own requirements. However, we found that they all typically needed borrowers to be 18 years or older and have a steady income. The borrower also needs to be a US citizen or permanent resident with a social security number.

    Credible Pros and Cons


    • Just a single form to compare different lenders.
    • Entirely free service
    • Comparing different offers doesn’t impact your credit score
    • Simple and fast sign-up process


    • Rates for personal loans are higher compared to credit cards
    • Some personal loan lenders may charge origination fees

    How to Apply for a Credible Personal Loan?

    Applying for a Credible personal loan involves a simple three-step process. You begin by filling in a single form where you add your basic personal information and answer a few financial questions such as annual income and amount of debt. Credible will then run a soft credit check to find prequalified offers.

    The next step is to review the initial offers and interest rates. You can also see the terms and cost breakdown of each loan.  Finally, you select the preferred lender and apply for the loan. After completion and approval of your loan application, lenders will send funds in as little as one business day. 

    Rates, Terms, and Fees?

    When it comes to picking from eligible loan offers, Credible brings together 11 different industry leading lenders to help borrowers compare. To qualify for any loan, a borrower needs to be 18 years or older, be a US citizen or a permanent resident with a social security number, have a good credit history and good credit score as well as a steady income.

    How much borrowers can access will depend entirely on the lender. Some lenders offer a maximum of $35,000 while others provide as much as $100,000 to qualified borrowers.  Your debt-to-income ratio will also determine the total amount that you are eligible to receive. This amount represents the percentage of your income spent on repaying debts. The lower the ratio the more easily you can access higher loan amounts.

    Credible lending partners feature an APR range between 4.99% and 35.99%, yet, for borrowers to qualify for the best rates, it usually comes down to credit approval, terms of the loan, credit score, and other factors. Depending on the selected lender, borrowers are subject to origination fees. NSF (non-sufficient funds) and late payment fees also vary by lender. Loans offered through the Credible loans offered through the marketplace are repayable within 2 to 5 years and entirely without prepayment penalties.

    Bottom Line

    Credible offers comparison shoppers a perfect avenue to evaluate their personal loans options for debt consolidation, wedding expenses, home improvement, car financing, and more. Thanks to a simple 3-step loan application process that doesn’t affect your credit score, the variety of Credible lending partners make it easy to shop around for the best loan offer from a carefully vetted range of financing.