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.
|
SoFi |
Online lenders with banking options |
$5,000 to $100,000 | 8.99% to 29.49% | 2 years to 7 years |
|
|
Rocket Loans |
Quick funding for loans under $25,000 |
$2,000 to $45,000 | 9.12% to 29.99% | 3 years to 5 years |
|
|
MoneyLion |
Comparing a wide range of lenders |
$500 to $100,000 | Varies by lender |
2 to 20 years |
|
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 MoneyLion 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.
It is possible for non US citizens or resident aliens to get a personal loan, including a mortgage, in the US. Here’s how.
Need quick cash? See how BMG Money helps employees handle emergencies without a credit check.
Legit lenders don’t offer guaranteed approval loans, but some options come pretty close if you can meet the lenient requirements to qualify.
Compare cash advance apps or personal loans as alternatives to allotment loans like Kashable.
Explore loans like Viva Finance with eligibility flexibility and higher loan amounts.
Top 6 alternatives and competitors to Tally.
Tally is a debt management app offering a revolving line of credit to consolidate credit card debt.
LendingClub is a peer-to-peer lending offering personal loans of up to $40,000 with fixed monthly payments. Find other lenders like LendingClub.
Prosper is a peer-to-peer lender offering loans of up to $35,000 at competitive rates with simple terms. Learn about similar online lenders.
OneMain Financial is an established lender that offers fixed-rate loans to fund just about any legitimate purpose. Learn about similar lenders.