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Credible Loan Reviews – Best-Rate Guarantee Personal Loans

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  • No origination fees
  • Best rate guarantee
  • Seamless application process
  • Positive BBB reviews & A+ rating
  • Rich online resource education center


  • Small pool of lenders

Credible Loans Breakdown








24h-7 days


Once a month


2-7 years





Founded in 2012, San Francisco-based loan comparison company Credible has been making the lives of borrowers easier from the get-go. If you’ve been scouring the internet looking for Credible loan reviews look no further than this one.

Anyone who has a fair to excellent credit score and is looking for a personal loan is Credible’s ideal clientele. The company caters to people in need of a personal loan from reputable personal loan providers and its service is fast — and free.

To find out everything there is to know about Credible, without reading through countless Credible personal loan reviews, stick around. We’ll be diving into

  • Credible loan services
  • Personal loan eligibility criteria
  • Credible’s personal loan application process
  • Pros and cons

Let’s get to it!

What Do You Need to Know About Credible Personal Loan? 

  • You can find personal loan options with the expected loan amount ranging from $1,000 up to $100,000 on the Credible platform.
  • Credible offers loans with an annual percentage rate (APR) of between 3.99% and 35.99%.
  • You can find a monthly payment option that suits you best by browsing through the different loan offers Credible will introduce you to.
  • The Credible loan term repayment ranges from 2 years to 7 years.
  • Any and all fees and penalties (origination fee; prepayment penalty, late payment penalty, returned payment fee) are charged by the lender you opt for instead of Credible Loan.
  • You’ll find many different types of interests so be sure to opt for one with the most competitive interest rates. That said, they’re so confident in their lenders that they have a best-rate guarantee that gives you $200 if you find more competitive rates.
  • The Credible platform features an assortment of unsecured personal loans.
  • The majority of Credible lenders will allow, if not encourage, an automatic withdraw of the monthly payment amount to limit the admin on the sides of both the lender and the borrower.
  • As is the case with almost all loan comparison services, Credible does not offer any kind of arbitration services.
  • Because Credible is free of charge and is not a lender, there are no prepayment penalty or hidden fee charges. While none of its lenders charge origination fees, some of its lenders do charge prepayment fees so you’ll need to determine this before crossing your t’s and dotting your i’s.
  • Credible is extremely transparent about what they do and how they do it. The website has valuable educational resources that detail their processes and policies and the entire Credible team is documented on their About Us page. That said, it’s always recommended to read the fine print.
  • The typical approval time of a successful application is just a few minutes.
  • Depending on the lender, the typical funding time for Credible personal loans is between 24 hours to 7 days.

What Are Credible Personal Loan Eligibility Criteria? 

The personal loan eligibility criteria are fair and easy to meet in most instances. Adults that are US citizens or residents with fair to excellent credit scores and an active checking account are welcome to make use of the Credible platform.

  • Years of age: 18 years of age
  • Citizenship: US citizens or permanent residents only
  • Minimum credit score: You must have a credit score between fair and excellent. Or, the minimum credit score needed is 640+
  • Income threshold: No minimum income threshold specified although they do state you will need to have a “steady” source of income
  • Minimum length of credit history: No minimum length of credit history specified
  • Bank account: You must have an active checking account

How to Apply For a Personal Loan with Credible? 

We’ve put together this Credible loan application review for you to see for yourself just how easy the process is. Finding the right personal loan has never been easier. Simply follow the 17 quick steps as outlined below and you’ll get matched with the perfect personal loan offer.

  1. Go to www.credible.com and select “personal loans”.
  2. Enter the loan amount of between $1,000 to $100,000 that you’d like to apply for.
  3. State your reason for wanting a personal loan. The options you can pick from are: pay off credit cards, debt consolidation, home improvement, major purchase, medical expenses, car financing, moving or relocation, business, special occasion, wedding, taxes, home buying, vacation, baby or adoption, green loan, cosmetic procedures, motorcycle, RV, boat, engagement ring financing or “other”.
  4. Select the highest level of education you have completed.
  5. State your employment status — unemployed, self-employed, full-time employed, part-time employed, retired on benefits, military member, or “other”.
  6. Enter your annual income before tax.
  7. Enter your approximate credit rating.
  8. Enter your personal details: first and last names, date of birth, home address.
  9. State your hosing details: whether you rent your home, own it with a mortgage, or own it outright.
  10. Enter your monthly housing payment amount.
  11. Enter your social security number.
  12. Enter your email address, create a password, and accept the terms and conditions.
  13. You’ll then be emailed about any and all personal loan offers that you have preapproval for.

And that’s the entire Credible loan application process review. In just a few minutes you’ll be connected to different loan institutions that meet the Credible loan lenders credibility requirements such as SoFi, Citizens Bank, or RISLA  and their loan offers. Note that the preapproval doesn’t affect your credit score in any way, and that there is no need to submit any private documentation.

Privacy & Security Policy

Credible Loan takes the privacy and security of its users seriously. Its 256-bit encryption and SSL technology make sure of this. In saying this, a handful of Credible personal loan reviews report that after filling in the online form they were contacted by many other loan institutions so it is worth setting the time aside to read the fine print of its privacy policy.

Pros & Cons

Seamless application process

High-quality network of reputable lenders

Various interest rates and loan term options

Rich online resource education center

No lender charges origination fees

Email, phone, or live chat support

Positive BBB reviews & A+ rating

Best rate guarantee

Small pool of lenders

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Credible Alternatives 

If the limited pool of lenders is off-putting to you, fret not. There are a few alternative options that may tick all of your boxes. 5K Funds, Monevo, and Loans Under 36 are all loan comparison services with large lender networks that consist of banks, peer-to-peer lenders, and online direct lenders.

Wrap Up

If you want a quick and easy way to check your best options for personal loans, look no further than Credible. As this review, and all other Credible loan reviews, show the platform makes for an exceptionally handy tool.

Credible also offers college loans and refinancing options, and most Credible loan refinancing reviews and Credible student loans reviews are as positive as this one. No matter which loan you opt for, you’re guaranteed (literally!) the most competitive interest rates, excellent customer service, and hassle-free user experience.

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Can I refinance my personal loan?

Absolutely. A lot of Credible loan direct reviews show that many people use the platform for this exact purpose. Be sure to select the “debt consolidation” option in step 3 as outlined by the Credible loan application process review. Once the funds are in your account use them to pay off your previous loan. It’s as simple as that.

What can I use a Credible personal loan for?

Are you looking to pop the question to your significant other? Or are you in the market for a new home? No matter what your needs are, there’s a Credible personal loan for you. In the application you’ll need to state whether the funds will be going to pay off credit cards, debt consolidation, home improvement, major purchase, medical expenses, car financing, moving or relocation, business, special occasion, wedding, taxes, home buying, vacation, baby or adoption, green loan, cosmetic procedures, motorcycle, RV, boat, engagement ring financing or “other”. 

Can I get a personal loan online?

Certainly. In just a few minutes on Credible’s online personal loan finder platform, you’ll be matched with various offers from an assortment of personal loan providers. Given the “always-on” world we live in, the majority of said personal loan providers will offer online application.  

Who are Credible’s personal loans best for?

Credible personal loans are best for people who have fair to excellent credit scores and need a cash injection for whatever reason. If the personal loan application process is too time-consuming, stressful, or frustrating for you then the Credible platform is your ideal solution. 

What is Credible BBB Rating? Is it accredited? 

Credible has an incredible A+ BBB rating and is BBB accredited, which has contributed to the positive Credible loan reviews out there.