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Sites like Marcus

Marcus is no longer offering personal loans to everyone, so here are some similar alternative providers.

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By

Bethany Hickey

Edited by

Holly Jennings

Reviewed by

Anna Serio

Updated

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Marcus is the online lending arm of Goldman Sachs. However, it’s no longer accepting online applications for personal loans with or without an invitation code and closed the program entirely in the first half of 2023. It used to offer interest rates that ranged from 6.99% to 24.99% APR with no origination fees, late fees or prepayment penalties.

But Marcus typically preferred borrowers with credit scores in the high 600s and didn’t accept coappliants or cosigners. Here are some alternative providers that also offer personal loans but might be better suited for you

Our 7 alternatives for sites like Marcus

Alternative for low rates: LightStream

LightStream personal loans

4.8
★★★★★

Finder score

Go to site Read review

LightStream is the online lending arm of Truist Bank. It has some of the lowest rates, starting at 7.49% APR for a 24-month loan — a lower starting rate than Marcus. And its Rate Beat Program offers a 0.10% discount on any competitor's offer on an unsecured loan if the offer meets certain conditions.

Same-day funding is also available, but it's tough to qualify if you don't have good or excellent credit (660-plus). There's also no preapproval process to check your rate first. Save this for when you've qualified for other loans and think you can get a better deal.

  • Not available in: Iowa, West Virginia

Partner terms and conditions
*Payment example: Monthly payments for a $10,000 loan at 5.95% APR with a term of 3 years would result in 36 monthly payments of $303.99.

Truist Bank is an Equal Housing Lender. © 2020 Truist Financial Corporation. SunTrust, Truist, LightStream, the LightStream logo, and the SunTrust logo are service marks of Truist Financial Corporation. All other trademarks are the property of their respective owners. Lending services provided by Truist Bank.

Alternative for small loans: Upgrade

Upgrade personal loans

4
★★★★★

Finder score

Go to site Read review

Upgrade has one of the lowest minimum borrowing amounts amongst personal lenders, requiring you to borrow a minimum of only $1,000 — Marcus required a minimum amount of $3,500. Upgrade's application and funding are also notoriously quick, and it has stellar customer reviews.

You need a credit score of at least 620, but Upgrade requires you to have $1,000 leftover each month after bill payments. However, Marcus didn't have fees, whereas Upgrade charges an origination fee of 1.85% to 9.99% and has late fees.

  • Not available in: Colorado, Iowa, Maryland, Vermont, West Virginia

Partner terms and conditions

Personal loans made through Upgrade feature APRs of 5.94%-35.97%. All personal loans have a 2.9% to 9.99% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 24 to 84 months. For example, if you receive a $10,000 loan with a 36-month term and a 17.98% APR (which includes a 14.32% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $343.33. Over the life of the loan, your payments would total $12,359.97. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. Personal loans issued by Upgrade's lending partners. Information on Upgrade's lending partners can be found at https://www.upgrade.com/lending-partners/.

Alternative for borrowers new to credit: Upstart

Upstart personal loans

4.2
★★★★★

Finder score

Go to site Read review

Upstart could be a better fit than Marcus if you're just starting to build your credit. Upstart has a unique underwriting process, taking your education and work history into account alongside your credit score.

It also offers a wider range of loan amounts, from $1,000 to $50,000. But it does have higher rates than Marcus used to offer — rates range from 7.8% to 35.99%, and there is an origination fee as high as 12%.

  • Not available in: Iowa, West Virginia

Alternative for poor credit: OneMain Financial

OneMain Financial personal loans

3.4
★★★★★

Finder score

Go to site Read review

OneMain Financial doesn't have any clear-cut credit score requirements. It's also one of the few personal lenders that accepts cosigners and coapplicants. Marcus didn't accept cosigners and preferred borrowers with credit scores of at least 660.

While OneMain Financial does consider any credit score, you'll have to plan on high rates, starting at 18%. There's also an origination fee of 1% to 10%, and there are late fees. OneMain Financial might be your way of getting a personal loan if you have poor credit — just be sure to shop around first because it's not the cheapest option out there.

  • Not available in: Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island, Vermont

Partner terms and conditions
* OneMain Disclosures:

Not all applicants will be approved. Loan approval and actual loan terms depend on your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). If approved, not all applicants will qualify for larger loan amounts or most favorable loan terms. Larger loan amounts require a first lien on a motor vehicle no more than ten years old, that meets our value requirements, titled in your name with valid insurance. Loan approval and actual loan terms depend on your state of residence and your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). APRs are generally higher on loans not secured by a vehicle. Highly-qualified applicants may be offered higher loan amounts and/or lower APRs than those shown above. OneMain charges origination fees where allowed by law. Depending on the state where you open your loan, the origination fee may be either a flat amount or a percentage of your loan amount. Flat fee amounts vary by state, ranging from $25 to $500. Percentage-based fees vary by state ranging from 1% to 10% of your loan amount subject to certain state limits on the fee amount. Visit omf.com/loanfees for more information. Loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z such as college, university or vocational expense; for any business or commercial purpose; to purchase cryptocurrency assets, securities, derivatives or other speculative investments; or for gambling or illegal purposes.

Borrowers in these states are subject to these minimum loan sizes: Alabama: $2,100. California: $3,000. Georgia: Unless you are a present customer, $3,100 minimum loan amount. North Dakota: $2,000. Ohio: $2,000. Virginia: $2,600.

Borrowers (other than present customers) in these states are subject to these maximum unsecured loan sizes: North Carolina: $7,500. An unsecured loan is a loan which does not require you to provide collateral (such as a motor vehicle) to the lender.

Example Loan: A $6,000 loan with a 24.99% APR that is repayable in 60 monthly installments would have monthly payments of $176.07.

Time to Fund Loans: Funding within one hour after closing through SpeedFunds must be disbursed to a bank-issued debit card. Disbursement by check or ACH may take up to 1-2 business days after loan closing.

Alternative for peer-to-peer loans: Prosper

Prosper personal loans

3.4
★★★★★

Finder score

Go to site Read review

Prosper is a peer-to-peer (P2P) platform that offers rates starting at 8.99% APR. A P2P platform is an online marketplace where borrowers connect with individual investors looking to fund loans. Prosper offers next-day funding, no prepayment penalties and a quick application process.

Its rates are comparable to Marcus, and it features a lower minimum borrowing amount of $2,000 compared to Marcus's $3,500. Prosper has a slightly lower credit score requirement of 640, but unlike Marcus, Prosper does charge an origination fee of 1% to 7.99%, and late fees are either $15 or 5% of the amount due.

  • Not available in: Iowa, North Dakota, West Virginia

Alternative for quality service: Best Egg

Best Egg personal loans

3.8
★★★★★

Finder score

Go to site Read review

Best Egg has higher customer reviews than Marcus on sites like Trustpilot and the Better Business Bureau. Customers rave about Best Egg´s “easy and fast” application process and its helpful customer service. And unlike Marcus, it accepts fair credit borrowers with scores above 640.

But its origination fees run as high as 8.99%, and it can take a while to qualify if you're self-employed. If you have great credit, choose another lender that doesn't charge fees.

  • Not available in: Iowa, Vermont, West Virginia

Partner terms and conditions
*Trustpilot TrustScore as of December 2022. Best Egg loans are personal loans made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender or Blue Ridge Bank, N.A., Member FDIC, Equal Housing Lender. The Best Egg Credit Card is issued exclusively by First Bank & Trust, Member FDIC, Brookings SD pursuant to a license by Visa International. Visa is a registered trademark, and the Visa logo design is a trademark of Visa International Incorporated. “Best Egg” is a trademark of Best Egg Technologies, LLC. Offers may be sent pursuant to a joint marketing agreement between Cross River Bank, Blue Ridge Bank, N.A. and/or First Bank & Trust and Marlette Marketing, LLC, a subsidiary of Best Egg, Inc.

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 ; Ohio, $5,001; and Georgia, $3,001.

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. 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 9.99% APR has 60 scheduled monthly payments of $201.81, and a 3‐year $5,000 loan with 7.99% APR has 36 scheduled monthly payments of $155.12. 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. TO REPORT A PROBLEM OR COMPLAINT WITH THIS LENDER, YOU MAY WRITE OR CALL–Operations Manager, Email: crt-resolutions@bestegg.com, Address: P.O. Box 42912, Philadelphia, PA 19101, Phone: 1-855-282-6353. This lender is licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504. To report any unresolved problems or complaints, contact the division by telephone at (505) 476-4885 or visit the website https://www.rld.nm.gov/financial-institutions/

Alternative for self-employed borrowers: Avant

Avant personal loans

3.4
★★★★★

Finder score

Go to site Read review

Avant is a highly-rated lender with an application that's more friendly to self-employment borrowers than your average lender. It also accepts fair credit scores as low as 580. Rates range from 9.95% to 35.99%, so it doesn't offer lower rates than Marcus, but it's a decent alternative for self-employed borrowers because Marcus doesn't always accept self-employment income.

Avant also has great customer reviews, with many customers praising the fast process, quick funding and helpful staff. On the other hand, Avant has more fees than Marcus — expect an origination fee of up to 9.99% and late fees if you miss a payment.

  • Not available in: Colorado, Hawaii, Iowa, Nevada, New York, Vermont, West Virginia

Partner terms and conditions
Personal loans from $2,000–$35,000. If approved, the actual loan amount, term, and APR that a customer qualifies for may vary based on credit determination and other factors. Avant branded credit products are issued by WebBank, member FDIC.

Compare more personal lenders

Marcus and these alternatives aren’t the only options. View more personal lenders and compare rates, amounts and more. Select Compare for up to four providers to weigh their benefits side by side. Or, hit Go to site to learn more about a provider or More info to read an expert review.

1 - 6 of 6
Updated regularly
Name Product Filter Values APR Min. credit score Loan amount
Best Egg personal loans
Finder Score: 3.8 / 5: ★★★★★
Best Egg personal loans
8.99% to 35.99%
640
$2,000 to $50,000
Fast and easy personal loan application process. See options first without affecting your credit score.
Go to siteView details
Upstart personal loans
Finder Score: 4.2 / 5: ★★★★★
Upstart personal loans
7.80% to 35.99%
300
$1,000 to $50,000
This service looks beyond your credit score to get you a competitive-rate personal loan.
Go to siteView details
SoFi personal loans
Finder Score: 4.4 / 5: ★★★★★
SoFi personal loans
8.99% to 29.99% fixed APR
680
$5,000 to $100,000
A highly-rated lender with competitive rates, high loan amounts and no required fees.
Go to siteView details
Upgrade
Finder Score: 4 / 5: ★★★★★
Upgrade
8.49% to 35.99%
620
$1,000 to $50,000
Check your rates with this online lender without impacting your credit score.
Go to siteView details
LendingPoint personal loans
Finder Score: 3.3 / 5: ★★★★★
LendingPoint personal loans
7.99% to 35.99%
620
$2,000 to $36,500
Get a personal loan with reasonable rates even if you have a fair credit score in the 600s.
Go to siteView details
Happy Money
Finder Score: 3.8 / 5: ★★★★★
Happy Money
11.72% to 24.50%
640
$5,000 to $40,000
Pay down your debt with a fixed APR and predictable monthly payments.
Go to siteView details
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How does Marcus compare?

Marcus was the personal banking arm of Goldman Sachs. Its personal loans featured no origination fees, no prepayment penalties and no late fees. And if you made 12 consecutive payments, you could defer one payment and interest is waived for that deferral period.

Marcus also allowed borrowers to change their payment due date up to three times during the loan term. If you’re a service member, you could have also qualified for rates as low as 4%.

Pros

  • No fees, including late fees
  • Deferment options were available
  • Service member rates as low as 4%
  • 0.25% APR discount with autopay

Cons

  • Difficult to get approved if you’re self-employed
  • Lower max amounts than some competitors
Holly Jennings's headshot
Anna Serio's headshot
To make sure you get accurate and helpful information, this guide has been edited by Holly Jennings and reviewed by Anna Serio, a member of Finder's Editorial Review Board.
Bethany Hickey's headshot
Written by

Editor, Banking

Bethany Hickey is the banking editor and personal finance expert at Finder, specializing in banking, lending, insurance, and crypto. Bethany’s expertise in personal finance has garnered recognition from esteemed media outlets, such as Nasdaq, MSN, Yahoo Finance, GOBankingRates, SuperMoney, AOL and Newsweek. Her articles offer practical financial strategies to Americans, empowering them to make decisions that meet their financial goals. Her past work includes articles on generational spending and saving habits, lending, budgeting and managing debt. Before joining Finder, she was a content manager where she wrote hundreds of articles and news pieces on auto financing and credit repair for CarsDirect, Auto Credit Express and The Car Connection, among others. Bethany holds a BA in English from the University of Michigan-Flint, and was poetry editor for the university’s Qua Literary and Fine Arts Magazine. See full bio

Bethany's expertise
Bethany has written 386 Finder guides across topics including:
  • Personal finance
  • Banking
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