Varo doesn’t provide any information on why it stopped offering personal loans, but it seems to now focus exclusively on its banking program. As the first fintech company to receive a national bank charter, it’s making headway in the finance industry — but this does mean you’ll need to look elsewhere for loans.
We selected three of our top lenders as alternatives to Varo. They offer similar terms and perks, and you won’t need to wait for an invitation to apply.
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SoFi |
Online lenders with banking options |
$5,000 to $100,000 | 8.99% to 29.99% | 2 years to 7 years |
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Rocket Loans |
Quick funding for loans under $25,000 |
$2,000 to $45,000 | 9.12% to 29.99% | 3 years to 5 years |
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Fiona |
Comparing a wide range of lenders |
$1,000 to $100,000 | 5.4% to 35.99% | 0.33 years to 12 years |
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Select your credit score and state to see other top personal loan options.
As of October 2023, Varo offers cash advances, and if you have a Varo bank account but don’t want to use Varo’s cash advance you can still access cash advances that work with Varo. However, you can open a checking or savings account with it. Learn more with our review of Varo’s digital banking service.
With Varo out of the picture, SoFi, Rocket Loans and Fiona are three solid alternatives to its previous lending program. But before submitting an application, you should also read more about personal loans to find the right lender for your finances.
Comparing SoFi and Prosper: Choose the right personal loan based on your needs.
Symple Lending isn’t transparent about its products and services.
A review of FastLoanAdvance shows a lack of transparency about lenders and loan details.
Compare cash advance apps or personal loans as alternatives to allotment loans like Kashable.
Chase doesn’t offer personal loans. Compare online lenders and other banks that could fit your borrowing needs.
Compare lenders that offer $3,000 loans for varying credit situations.
Compare lenders that offer $2,000 loans for different credit situations.
If you need cash for an emergency or to last you until payday, a $1,500 short-term loan could help — but with potential drawbacks.
If you’re in need of $1,000 for an emergency, start a comparison of these bad credit lenders offering quick, unsecured $1,000 loans.
Compare lenders that offer $5,000 loans for good, fair and bad credit.