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Auto Loans
Capital One
Best for pre-approval
Check rates without affecting credit
Rates from 5.49% APR
New and used vehicles
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Credit Unions
Navy Federal
Best for low rates
Member-owned, not profit-driven
Rates from 7.49% APR
Flexible loan terms 1–7 yrs
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Personal Loans
LightStream
Best for large amounts
$5k–$100k with no fees
Same-day funding available
Rates from 6.99% APR
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Credit Cards
Chase Sapphire
Best for travel rewards
3x points on dining and travel
No foreign transaction fees
0% intro APR for 15 months
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Find the Right Loan for Your Situation

Not sure whether to borrow from a friend or a bank? We break down your options in plain language so you can decide with confidence.

Lending Between Friends or Getting a Loan?

Lending between people you trust should be simple and fair. But borrowing from a friend isn't always the right move, and that's okay.

Lending Between Friends

Pros
  • Flexible, personal repayment terms
  • Low or no interest rates
  • No credit checks required
  • Keeps money within your network
Cons
  • Can put strain on relationships
  • Limited by what friends can lend
  • Less formal legal protection

Traditional Lending

Pros
  • Access to much larger amounts
  • Clear regulatory protections
  • Builds your credit history
Cons
  • Higher interest rates
  • Credit checks required
  • Rigid repayment structures
  • Can take time to get approved

When Traditional Loans Make Sense

Sometimes peer lending isn't the right fit.
Here's when to consider other options.

Student Loans

Education costs beyond what friends can cover. Federal loans offer income-driven repayment and forgiveness programs.

Mortgage

Home buying amounts are too large for peer lending. Mortgages offer 15–30 year terms at competitive rates.

Debt Consolidation

Combine multiple high-interest debts into one lower-rate payment to simplify your finances.

Business Start-up

SBA and small business loans are built for entrepreneurs, with terms designed around business cash flow.

Your Loan Options, Explained Simply

Personal loans, credit unions, mortgages, broken down in plain language so you know exactly what you're signing up for.

Recommended for You
Earnest
Best for flexible repayment
Precision pricing: set your exact monthly payment.
No late fees, no origination fees, no prepayment penalties.
Skip one payment per year if your finances change.
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Student Loans
SoFi Student
Best for grad students
Career coaching and job placement support included.
Unemployment protection if you lose your job after graduation.
Rates from 4.99% APR for qualifying borrowers.
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