Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to here as “Credible.”

Over time, the roof of a home can become damaged by age, weather, and other factors — which is why homeowners might find themselves needing to repair or even replace their roof down the line. The average cost of roof repairs is $884, according to Austin Roofing and Construction — but this cost can rise to $2,000 or more depending on the work your roof needs.

Thankfully, there are several ways to cover these costs. One option is to take out a roof financing loan — a type of personal loan used to pay for roof repairs.

Here’s what you need to know about personal loans for roof refinancing:

Personal loans for roofs

A personal loan can be used to pay for almost any personal expense — including roof repair or replacement. But before you take out a personal loan, it’s important to compare as many lenders as possible so you can find the right loan for your needs.

Tip: As you compare your personal loan options, keep in mind that personal loans for roof repairs or replacement are often referred to as home improvement loans.

Here are Credible’s partner lenders that offer personal loans for roof financing:

Lender Fixed rates Loan amounts Loan terms (years)


Credible Rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

9.95% – 35.99% APR $2,000 to $35,000** 2, 3, 4, 5*
  • Fixed APR:
    9.95% – 35.99% APR
  • Variable APR:
    N/A
  • Min. credit score:
    550
  • Loan amount:
    $2,000 to $35,000**
  • Loan terms (years):
    2, 3, 4, 5*
  • Time to fund:
    As soon as the next business day (if approved by 4:30 p.m. CT on a weekday)
  • Fees:
    Origination fee
  • Discounts:
    Autopay
  • Eligibility:
    Available in all states except CO, IA, HI, VT, NV NY, WV
  • Customer service:
    Phone, email
  • Soft credit check:
    Yes
  • Loan servicer:
    Avant
  • Loan Uses:
    Debt consolidation, emergency expense, life event, home improvement, and other purposes
  • Min. Income:
    $1,200 monthly


Credible Rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

6.79% – 17.99% APR $5,000 to $35,000 1, 2, 3, 4, 5
  • Fixed APR:
    6.79% – 17.99% APR
  • Variable APR:
    N/A
  • Min. credit score:
    740
  • Loan amount:
    $5,000 to $35,000
  • Loan terms (years):
    1, 2, 3, 4, 5
  • Time to fund:
    Next business day
  • Fees:
    No prepayment penalty
  • Discounts:
    None
  • Eligibility:
    Available in all 50 states
  • Customer service:
    Phone
  • Soft credit check:
    Yes
  • Min. Income:
    Does not disclose
  • Loan Uses:
    Debt consolidation, home improvement, self-employment, and other purposes


Credible Rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

4.99% – 35.99% APR $5,000 to $35,000 2, 3, 4, 5
  • Fixed APR:
    4.99% – 35.99% APR
  • Variable APR:
    N/A
  • Min. credit score:
    600
  • Loan amount:
    $2,000 to $50,000
  • Loan terms (years):
    2, 3, 4, 5
  • Time to fund:
    As soon as 1 – 3 business days after successful verification
  • Fees:
    Origination fee
  • Discounts:
    None
  • Eligibility:
    Available in all states except DC, IA, VT, and WV
  • Customer service:
    Phone
  • Soft credit check:
    Yes
  • Loan servicer:
    Best Egg and Blue Ridge Bank
  • Min. Income:
    None
  • Loan Uses:
    Credit card refinancing, debt consolidation, home improvement, and other purposes


Credible Rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

6.99% – 24.99% APR $2,500 to $35,000 3, 4, 5, 6, 7
  • Fixed APR:
    6.99% – 24.99% APR
  • Min. credit score:
    660
  • Loan amount:
    $2,500 to $35,000
  • Loan terms (years):
    3, 4, 5, 6, 7
  • Time to fund:
    As soon as the next business day after acceptance
  • Fees:
    Late fee
  • Discounts:
    None
  • Eligibility:
     Available in all 50 states
  • Customer service:
    Phone
  • Soft credit check:
    Yes
  • Loan Uses:
    Auto repair, credit card refinancing, debt consolidation, home remodel or repair, major purchase, medical expenses, taxes, vacation, and wedding


Credible Rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

7.99% – 29.99% APR $10,000 to $50,000 2, 3, 4, 5
  • Fixed APR:
    7.99% – 29.99% APR
  • Min. credit score:
    Does not disclose
  • Loan amount:
    $10,000 to $50,000
  • Loan terms (years):
    2, 3, 4, 5
  • Time to fund:
    As soon as 2 business days
  • Fees:
    Origination fee
  • Discounts:
    No
  • Eligibility:
    Available in all states except CO, CT, HI, KS, NH, NY, ND, OR, VT, WV, WI, and WY
  • Customer service:
    Phone
  • Soft credit check:
    Yes
  • Min. Income:
    None
  • Loan Uses:
    Debt consolidation, home improvement, wedding, travel, medical expenses, and other purposes


Credible Rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

7.04% – 35.89% APR $1,000 to $40,000 3, 5
  • Fixed APR:
    7.04% – 35.89% APR
  • Min. credit score:
    600
  • Loan amount:
    $1,000 to $40,000
  • Loan terms (years):
    3, 5
  • Time to fund:
    Usually takes about 2 days
  • Fees:
    Origination fee
  • Discounts:
    None
  • Eligibility:
    Available in all 50 states
  • Customer service:
    Phone, email
  • Soft credit check:
    Yes
  • Loan servicer:
    LendingClub Bank
  • Min. Income:
    None
  • Loan Uses:
    Debt consolidation, paying off credit cards, home improvement, pool loans, vacations, and other purposes


Credible Rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

15.49% – 35.99% APR $2,000 to $36,500 2, 3, 4
  • Fixed APR:
    15.49% – 35.99% APR
  • Min. credit score:
    580
  • Loan amount:
    $2,000 to $36,500
  • Loan terms (years):
    2, 3, 4
  • Time to fund:
    As soon as the next business day
  • Fees:
    Origination fee
  • Discounts:
    Autopay
  • Eligibility:
    Available in all states except NV and WV
  • Customer service:
    Phone, email
  • Soft credit check:
    Yes
  • Min. Income:
    $20,000
  • Loan Uses:
    Home improvement, consolidate debt, credit card refinancing, relocate, make a large purchase, and other purposes


Credible Rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

2.49% – 19.99% APR $5,000 to $100,000 2, 3, 4, 5, 6, 7
(up to 12 years for home improvement loans)
  • Fixed APR:
    2.49% – 19.99% APR
  • Min. credit score:
    660
  • Loan amount:
    $5,000 to $100,000
  • Loan terms (years):
    2, 3, 4, 5, 6, 7*
  • Time to fund:
    As soon as the same business day
  • Fees:
    None
  • Discounts:
    Autopay
  • Eligibility:
    Available in all states except RI and VT
  • Customer service:
    Phone, email
  • Soft credit check:
    No
  • Loan servicer:
    LightStream
  • Min. Income:
    Does not disclose
  • Loan Uses:
    Credit card refinancing, debt consolidation, home improvement, and other purposes


Credible Rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

6.99% – 19.99% APR1 $3,500 to $40,0002 3, 4, 5, 6, 7
  • Fixed APR:
    6.99% – 19.99% APR1
  • Min. credit score:
    660

    (TransUnion FICO®️ Score 9)
  • Loan amount:
    $3,500 to $40,0002
  • Loan terms (years):
    3, 4, 5, 6
  • Time to fund:
    Many Marcus customers receive funds in as little as three days
  • Fees:
    None
  • Discounts:
    Autopay
  • Eligibility:
    Available in all 50 states
  • Customer service:
    Phone
  • Soft credit check:
    Yes
  • Loan servicer:
    Goldman Sachs
  • Min. Income:
    $30,000
  • Loan Uses:
    Credit card refinancing, debt consolidation, home improvement, major purchase, and other purposes


Credible Rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

18.00% – 35.99% APR $1,500 to $20,000 2, 3, 4, 5
  • Fixed APR:
    18.00% – 35.99% APR
  • Min. credit score:
    None
  • Loan amount:
    $1,500 to $20,000
  • Loan terms (years):
    2, 3, 4, 5
  • Time to fund:
    As soon as the same day, but usually requires a visit to a branch office
  • Fees:
    Origination fee
  • Discounts:
    None
  • Eligibility:
    Must have photo I.D. issued by U.S. federal, state or local government
  • Customer service:
    Phone, email
  • Soft credit check:
    Yes
  • Min. Income:
    Does not disclose


Credible Rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

5.99% – 17.99% APR $600 to $50,000
(depending on loan term)
1, 2, 3, 4, 5
  • Fixed APR:
    5.99% – 17.99% APR
  • Min. credit score:
    670
  • Loan amount:
    $600 to $50,000*
  • Loan terms (years):
    1, 2, 3, 4, 5
  • Time to fund:
    2 to 4 business days after verification
  • Fees:
    None
  • Discounts:
    None
  • Eligibility:
    Does not disclose
  • Customer service:
    Phone, email
  • Soft credit check:
    No
  • Min. Income:
    Does not disclose
  • Loan Uses:
    Debt consolidation, home improvement, transportation, medical, dental, life events


Credible Rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

6.95% – 35.99% APR $2,000 to $40,000 3, 5
  • Fixed APR:
    6.95% – 35.99% APR
  • Min. credit score:
    640
  • Loan amount:
    $2,000 to $40,000
  • Loan terms (years):
    3, 5
  • Time to fund:
    As soon as one business day
  • Fees:
    Origination fee
  • Discounts:
    None
  • Eligibility:
    Available in all states except IA, ND, WV
  • Customer service:
    Phone, email
  • Soft credit check:
    Yes
  • Min. Income:
    None
  • Loan Uses:
    Debt consolidation, home improvement, vehicles, small business, new baby expenses, and other purposes


Credible Rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

5.99% – 18.83% APR $5,000 to $100,000 2, 3, 4, 5, 6, 7
  • Fixed APR:
    5.99% – 18.83% APR
  • Min. credit score:
    Does not disclose
  • Loan amount:
    $5,000 to $100,000
  • Loan terms (years):
    2, 3, 4, 5, 6, 7
  • Time to fund:
    3 business days
  • Fees:
    None
  • Discounts:
    Autopay
  • Eligibility:
    Available in all states except MS
  • Customer service:
    Phone, email
  • Soft credit check:
    Yes
  • Min. Income:
    Does not disclose
  • Loan Uses:
    Solely for personal, family, or household uses


Credible Rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

8.93% – 35.93% APR7 $1,000 to $50,000 3 to 5 years 8
  • Fixed APR:
    8.93% – 35.93% APR7
  • Min. credit score:
    580
  • Loan amount:
    $1,000 to $50,000
  • Loan terms:
    3 to 5 years 8
  • Time to fund:
    Within one day, once approved9
  • Loan types:
    Debt consolidation, pay off credit cards, home improvements, unexpected expenses, home and auto repairs, weddings, and other major purchases
  • Fees:
    Origination fee
  • Discounts:
    Autopay
  • Eligibility:
    A U.S. citizen or permanent resident. Not available in AR, DC, KS, ME, SC, VT, WI, WV
  • Customer service:
    Phone, email
  • Soft credit check:
    Yes


Credible Rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

5.94% – 35.97% APR $1,000 to $50,000 2, 3, 5, 6
  • Fixed APR:
    5.94% – 35.97% APR
  • Min. credit score:
    580
  • Loan amount:
    $1,000 to $50,000*
  • Loan terms (years):
    2, 3, 5, 6
  • Time to fund:
    Within a day of clearing necessary verifications
  • Fees:
    Origination fee
  • Discounts:
    Autopay
  • Eligibility:
    Available in all states except West Virginia
  • Customer service:
    Email
  • Soft credit check:
    Yes
  • Min. Income:
    Does not disclose
  • Loan Uses:
    Debt consolidation, credit card refinancing, home improvement, and other purposes


Credible Rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

6.46% – 35.99% APR4 $1,000 to $50,0005 3 to 5 years4
  • Fixed APR:
    6.46% – 35.99% APR4
  • Min. credit score:
    580
  • Loan amount:
    $1,000 to $50,0005
  • Loan terms (years):
    3 to 5 years4
  • Time to fund:
    As fast as 1 business day6
  • Fees:
    Origination fee
  • Discounts:
    None
  • Eligibility:
    Available in all 50 states
  • Customer service:
    Phone, email
  • Soft credit check:
    Yes
  • Min. Income:
    $12,000
  • Loan Uses:
    Payoff credit cards, consolidate debt, take a course or bootcamp, relocate, make a large purchase, and other purposes
Compare rates from these lenders without affecting your credit score. 100% free!
Compare Now

All APRs reflect autopay and loyalty discounts where available | LightStream disclosure | Read more about Rates and Terms

Avant

Best for: Borrowers with poor credit

If you have poor credit, Avant might be a good choice for a roof financing loan. You can borrow $2,000 to $35,000* with repayment terms from two to five years.** And if you’re approved, you could get your funds as soon as the next business day.


4.6


Credible rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

Ready to find a personal loan?
Compare rates from top personal loan lenders to find the right one for you.

Check Personalized Rates

Checking rates won’t affect your credit score

  • Fixed APR: 9.95% – 35.99% APR
  • Variable APR: N/A
  • Min. credit score: 550
  • Loan amount: $2,000 to $35,000**
  • Loan terms (years): 2, 3, 4, 5*
  • Time to fund: As soon as the next business day (if approved by 4:30 p.m. CT on a weekday)
  • Fees: Origination fee
  • Discounts: Autopay
  • Eligibility: Available in all states except CO, IA, HI, VT, NV NY, WV
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Loan servicer: Avant
  • Loan Uses: Debt consolidation, emergency expense, life event, home improvement, and other purposes
  • Min. Income: $1,200 monthly

Pros

  • Accepts poor and fair credit scores
  • No prepayment penalties
  • Fast loan funding

Cons

  • Origination fees up to 4.75%
  • Charges late and dishonored payment fees
  • Not available in Colorado, Iowa, Nevada, New York, Vermont, or West Virginia

Axos Bank

Best for: Borrowers with excellent credit

Axos Bank offers personal loans from $5,000 to $35,000 with terms from one to five years. If you’re approved, you could get your funds as soon as the next business day. Keep in mind that you’ll generally need good to excellent credit to qualify for a loan from Axos Bank.


4.2


Credible rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

Ready to find a personal loan?
Compare rates from top personal loan lenders to find the right one for you.

Check Personalized Rates

Checking rates won’t affect your credit score

  • Fixed APR: 6.79% – 17.99% APR
  • Variable APR: N/A
  • Min. credit score: 740
  • Loan amount: $5,000 to $35,000
  • Loan terms (years): 1, 2, 3, 4, 5
  • Time to fund: Next business day
  • Fees: No prepayment penalty
  • Discounts: None
  • Eligibility: Available in all 50 states
  • Customer service: Phone
  • Soft credit check: Yes
  • Min. Income: Does not disclose
  • Loan Uses: Debt consolidation, home improvement, self-employment, and other purposes

Pros

  • Fast loan funding
  • No prepayment penalties
  • Variety of loan uses

Cons

  • Origination fees from 0% to 2%
  • Charges late and insufficient funds fees
  • Could be hard to qualify if you don’t have good credit

Best Egg

Best for: Borrowers with fair credit

In addition to your credit score, Best Egg considers more than 1,500 “proprietary credit attributes” from sources that include external data providers and your “digital footprint” to determine your creditworthiness. This means you might have an easier time qualifying with Best Egg compared to traditional lenders.

With Best Egg, you can borrow $2,000 to $50,000 with terms from two to five years.


4.1


Credible rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

Ready to find a personal loan?
Compare rates from top personal loan lenders to find the right one for you.

Check Personalized Rates

Checking rates won’t affect your credit score

  • Fixed APR: 4.99% – 35.99% APR
  • Variable APR: N/A
  • Min. credit score: 600
  • Loan amount: $2,000 to $50,000
  • Loan terms (years): 2, 3, 4, 5
  • Time to fund: As soon as 1 – 3 business days after successful verification
  • Fees: Origination fee
  • Discounts: None
  • Eligibility: Available in all states except DC, IA, VT, and WV
  • Customer service: Phone
  • Soft credit check: Yes
  • Loan servicer: Best Egg and Blue Ridge Bank
  • Min. Income: None
  • Loan Uses: Credit card refinancing, debt consolidation, home improvement, and other purposes

Pros

  • Accepts poor and fair credit scores
  • Considers proprietary credit attributes in addition to your credit score
  • No prepayment penalty

Cons

  • Origination fees from 0.99% to 5.99%
  • Charges late fees
  • Not available in Iowa; Vermont; Washington, D.C.; or West Virginia

Discover

Best for: Longer repayment terms

If you’re looking for a longer repayment term, Discover might be a good option — you can borrow $2,500 to $35,000 with terms from three to seven years. Just keep in mind that choosing a longer term means you’ll pay more in interest over time.


4.4


Credible rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

Ready to find a personal loan?
Compare rates from top personal loan lenders to find the right one for you.

Check Personalized Rates

Checking rates won’t affect your credit score

  • Fixed APR: 6.99% – 24.99% APR
  • Min. credit score: 660
  • Loan amount: $2,500 to $35,000
  • Loan terms (years): 3, 4, 5, 6, 7
  • Time to fund: As soon as the next business day after acceptance
  • Fees: Late fee
  • Discounts: None
  • Eligibility:  Available in all 50 states
  • Customer service: Phone
  • Soft credit check: Yes
  • Loan Uses: Auto repair, credit card refinancing, debt consolidation, home remodel or repair, major purchase, medical expenses, taxes, vacation, and wedding

Pros

  • Repayment terms up to 7 years
  • No origination fees or prepayment penalties
  • Fast loan funding

Cons

  • Could be hard to qualify if you have poor credit
  • Charges late fees
  • No discounts offered

FreedomPlus

Best for: Borrowers with a cosigner or proof of retirement savings

FreedomPlus offers personal loans from $7,500 to $50,000 with terms from two to five years. Additionally, borrowers who add a cosigner or show proof of retirement savings might qualify for a better interest rate on their FreedomPlus loan.


4.1


Credible rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

FreedomPlus Personal Loans

Ready to find a personal loan?
Compare rates from top personal loan lenders to find the right one for you.

Check Personalized Rates

Checking rates won’t affect your credit score

  • Fixed APR: 7.99% – 29.99% APR
  • Min. credit score: Does not disclose
  • Loan amount: $10,000 to $50,000
  • Loan terms (years): 2, 3, 4, 5
  • Time to fund: As soon as 2 business days
  • Fees: Origination fee
  • Discounts: No
  • Eligibility: Available in all states except CO, CT, HI, KS, NH, NY, ND, OR, VT, WV, WI, and WY
  • Customer service: Phone
  • Soft credit check: Yes
  • Min. Income: None
  • Loan Uses: Debt consolidation, home improvement, wedding, travel, medical expenses, and other purposes

Pros

  • Could get a better rate if you have a cosigner or proof of retirement savings
  • Fast loan funding
  • No prepayment penalties

Cons

  • Origination fees from 1.99% to 4.99%
  • Not available in Nevada
  • Must borrow at least $7,500

LendingClub

Best for: Borrowers who need a cosigner

If you need a cosigner, LendingClub could be a good option — it’s one of the few lenders that allow cosigners on personal loans. With LendingClub, you can borrow $1,000 to $40,000 with a three- or five-year repayment term.


4.3


Credible rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

LendingClub Personal Loans

Ready to find a personal loan?
Compare rates from top personal loan lenders to find the right one for you.

Check Personalized Rates

Checking rates won’t affect your credit score

  • Fixed APR: 7.04% – 35.89% APR
  • Min. credit score: 600
  • Loan amount: $1,000 to $40,000
  • Loan terms (years): 3, 5
  • Time to fund: Usually takes about 2 days
  • Fees: Origination fee
  • Discounts: None
  • Eligibility: Available in all 50 states
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Loan servicer: LendingClub Bank
  • Min. Income: None
  • Loan Uses: Debt consolidation, paying off credit cards, home improvement, pool loans, vacations, and other purposes

Pros

  • Accepts poor and fair credit scores
  • Allows cosigners
  • Fast loan funding

Cons

  • Origination fees from 3% to 6%
  • Charges late fees
  • Limited repayment term (only 3 or 5 years)

LendingPoint

Best for: Borrowers with near-prime credit

LendingPoint specializes in working with borrowers who have near-prime credit — usually meaning a credit score in the upper 500s or 600s. With LendingPoint, you can borrow $2,000 to $36,500 with terms from two to five years.


4.5


Credible rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

LendingPoint Personal Loans

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  • Fixed APR: 15.49% – 35.99% APR
  • Min. credit score: 580
  • Loan amount: $2,000 to $36,500
  • Loan terms (years): 2, 3, 4
  • Time to fund: As soon as the next business day
  • Fees: Origination fee
  • Discounts: Autopay
  • Eligibility: Available in all states except NV and WV
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Min. Income: $20,000
  • Loan Uses: Home improvement, consolidate debt, credit card refinancing, relocate, make a large purchase, and other purposes

Pros

  • Accepts poor and fair credit scores
  • Fast loan funding
  • No prepayment penalties

Cons

  • Origination fees from 3% to 6%
  • Minimum income requirement of $20,000
  • Not available in Nevada or West Virginia

LightStream

Best for: Large loan amounts

If you need to borrow a large amount, LightStream could be a good choice — you can borrow $5,000 to $100,000. Most LightStream loans come with repayment terms from two to seven years, but if you use your loan for home improvements like roof repairs, you could have up to 12 years to repay it.

Plus, if you’re approved, you could get your funds as soon as the same business day.


4.9


Credible rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

LightStream Personal Loans

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  • Fixed APR: 2.49% – 19.99% APR
  • Min. credit score: 660
  • Loan amount: $5,000 to $100,000
  • Loan terms (years): 2, 3, 4, 5, 6, 7*
  • Time to fund: As soon as the same business day
  • Fees: None
  • Discounts: Autopay
  • Eligibility: Available in all states except RI and VT
  • Customer service: Phone, email
  • Soft credit check: No
  • Loan servicer: LightStream
  • Min. Income: Does not disclose
  • Loan Uses: Credit card refinancing, debt consolidation, home improvement, and other purposes

Pros

  • Can borrow up to $100,000
  • Accepts fair credit scores
  • 0.50% autopay discount

Cons

  • Doesn’t disclose minimum income requirements
  • Not available in Rhode Island or Vermont
  • Loan can’t be used to refinance an existing LightStream loan

Marcus

Best for: Budget-friendly payment options

Marcus offers personal loans from $3,500 to $40,0002 with terms from three to six years. With Marcus, you can choose from tailored payment options designed to fit your budget needs. Additionally, after making at least 12 consecutive, on-time payments, you can defer one monthly payment on your Marcus loan interest-free.


4.3


Credible rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

Ready to find a personal loan?
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  • Fixed APR: 6.99% – 19.99% APR1
  • Min. credit score: 660

    (TransUnion FICO®️ Score 9)
  • Loan amount: $3,500 to $40,0002
  • Loan terms (years): 3, 4, 5, 6
  • Time to fund: Many Marcus customers receive funds in as little as three days
  • Fees: None
  • Discounts: Autopay
  • Eligibility: Available in all 50 states
  • Customer service: Phone
  • Soft credit check: Yes
  • Loan servicer: Goldman Sachs
  • Min. Income: $30,000
  • Loan Uses: Credit card refinancing, debt consolidation, home improvement, major purchase, and other purposes

Pros

  • Accepts fair credit scores
  • Budget-friendly payment options
  • Can defer one payment interest-free after making 12 consecutive, on-time payments

Cons

  • Minimum income requirement of $30,000
  • Funding can take longer compared to other lenders
  • Must borrow at least $3,500

One Main Financial

Best for: Borrowers with below-average credit

Unlike many other lenders, OneMain Financial doesn’t have a minimum credit score requirement — which means you might qualify even if you have poor or no credit. In addition to your credit, OneMain Financial will also consider your financial history, income, expenses, and loan purpose to determine your creditworthiness.

With OneMain Financial, you can borrow $1,500 to $20,000 with terms from two to five years. Keep in mind that larger loan amounts might require collateral.


4.1


Credible rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

OneMain Financial Personal Loans

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  • Fixed APR: 18.00% – 35.99% APR
  • Min. credit score: None
  • Loan amount: $1,500 to $20,000
  • Loan terms (years): 2, 3, 4, 5
  • Time to fund: As soon as the same day, but usually requires a visit to a branch office
  • Fees: Origination fee
  • Discounts: None
  • Eligibility: Must have photo I.D. issued by U.S. federal, state or local government
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Min. Income: Does not disclose

Pros

  • No minimum credit score requirement
  • Fast loan funding
  • Previous customers might qualify for larger loan amounts

Cons

  • Some loans might require collateral
  • Charges origination fees (amount varies by state)
  • If you’re approved, you’ll generally need to visit a branch location to discuss your options

PenFed

Best for: Small loan amounts

If you need to borrow only a small amount, PenFed could be a good option — you can borrow as little as $600 up to $35,000 with terms from one to five years.

Keep in mind that while you don’t need to be a PenFed member to apply for a loan, you’ll need to join the credit union if you are approved and want to accept the loan.


4.5


Credible rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

Ready to find a personal loan?
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  • Fixed APR: 5.99% – 17.99% APR
  • Min. credit score: 670
  • Loan amount: $600 to $50,000*
  • Loan terms (years): 1, 2, 3, 4, 5
  • Time to fund: 2 to 4 business days after verification
  • Fees: None
  • Discounts: None
  • Eligibility: Does not disclose
  • Customer service: Phone, email
  • Soft credit check: No
  • Min. Income: Does not disclose
  • Loan Uses: Debt consolidation, home improvement, transportation, medical, dental, life events

Pros

  • Can borrow as little as $600
  • No fees
  • Allows cosigners

Cons

  • Funds are sent by mail, which can take longer (unless you pay a fee for expedited shipping)
  • Could be hard to qualify if you have poor credit
  • Must join the credit union to accept a loan

Prosper

Best for: Borrowers who don’t have traditional income

While you’ll need to show some form of annual income to be eligible for a loan, Prosper has no specific minimum income requirement. This means you might have an easier time qualifying if you don’t have traditional income — for example, if you’re self-employed or receive pension checks.

With Prosper, you can borrow $2,000 to $40,000 with a three- or five-year term.


4.5


Credible rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

Ready to find a personal loan?
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Checking rates won’t affect your credit score

  • Fixed APR: 6.95% – 35.99% APR
  • Min. credit score: 640
  • Loan amount: $2,000 to $40,000
  • Loan terms (years): 3, 5
  • Time to fund: As soon as one business day
  • Fees: Origination fee
  • Discounts: None
  • Eligibility: Available in all states except IA, ND, WV
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Min. Income: None
  • Loan Uses: Debt consolidation, home improvement, vehicles, small business, new baby expenses, and other purposes

Pros

  • No minimum income requirement
  • Fast loan funding (though funding can take longer if investors don’t quickly approve your loan)
  • No prepayment penalty

Cons

  • Origination fees from 2.5% to 5%
  • Charges late fees
  • Not available in Iowa or West Virginia

SoFi

Best for: Borrower perks

With SoFi, you can borrow $5,000 to $100,000 with terms from two to seven years. SoFi borrowers also have access to several perks, including unemployment protection, career coaching, and investing advice.


4.9


Credible rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

Ready to find a personal loan?
Compare rates from top personal loan lenders to find the right one for you.

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  • Fixed APR: 5.99% – 18.83% APR
  • Min. credit score: Does not disclose
  • Loan amount: $5,000 to $100,000
  • Loan terms (years): 2, 3, 4, 5, 6, 7
  • Time to fund: 3 business days
  • Fees: None
  • Discounts: Autopay
  • Eligibility: Available in all states except MS
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Min. Income: Does not disclose
  • Loan Uses: Solely for personal, family, or household uses

Pros

  • Can borrow up to $100,000
  • No fees
  • Borrower perks like unemployment protection and investing advice

Cons

  • Doesn’t disclose minimum income or credit requirements
  • Funding can take longer compared to other lenders
  • Not available in Mississippi

Universal Credit

Best for: Borrowers who want to build their credit

With Universal Credit, borrowers have access to free credit score monitoring, educational tools, and personalized recommendations that could help you build your credit. You can borrow $1,000 to $50,000 with Universal Credit.


4.3


Credible rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

Universal Credit Personal Loans

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  • Fixed APR: 8.93% – 35.93% APR7
  • Min. credit score: 580
  • Loan amount: $1,000 to $50,000
  • Loan terms: 3 to 5 years 8
  • Time to fund: Within one day, once approved9
  • Loan types: Debt consolidation, pay off credit cards, home improvements, unexpected expenses, home and auto repairs, weddings, and other major purchases
  • Fees: Origination fee
  • Discounts: Autopay
  • Eligibility: A U.S. citizen or permanent resident. Not available in AR, DC, KS, ME, SC, VT, WI, WV
  • Customer service: Phone, email
  • Soft credit check: Yes

Pros

  • Fast loan funding
  • No prepayment penalties
  • Free credit score monitoring, educational tools, and personalized recommendations to help you build your credit

Cons

  • Origination fees from 4.25% to 8%
  • Limited repayment terms (3 to 5 years 8)
  • Not available in Arkansas; Kansas; Maine; South Carolina; Vermont; Washington, D.C.; Wisconsin; or West Virginia

Upgrade

Best for: Quick loan decisions

With Upgrade, you can borrow $1,000 to $50,000 with a three- or five-year repayment term. Upgrade offers a quick and easy application process as well as free credit monitoring and educational resources to help you improve your credit.


4.3


Credible rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

Ready to find a personal loan?
Compare rates from top personal loan lenders to find the right one for you.

Check Personalized Rates

Checking rates won’t affect your credit score

  • Fixed APR: 5.94% – 35.97% APR
  • Min. credit score: 580
  • Loan amount: $1,000 to $50,000*
  • Loan terms (years): 2, 3, 5, 6
  • Time to fund: Within a day of clearing necessary verifications
  • Fees: Origination fee
  • Discounts: Autopay
  • Eligibility: Available in all states except West Virginia
  • Customer service: Email
  • Soft credit check: Yes
  • Min. Income: Does not disclose
  • Loan Uses: Debt consolidation, credit card refinancing, home improvement, and other purposes

Pros

  • Quick loan decisions
  • Accepts poor and fair credit scores
  • Fast loan funding

Cons

  • Origination fees from 2.9% to 8%
  • Limited repayment terms (only 3 or 5 years)
  • Not available in West Virginia

Upstart

Best for: Borrowers with thin credit history

In addition to your credit score, Upstart will consider your education and job history to determine your creditworthiness — which means you might qualify even if you have little to no credit history. You can borrow $1,000 to $50,0005 with Upstart.


4.6


Credible rating



Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

Ready to find a personal loan?
Compare rates from top personal loan lenders to find the right one for you.

Check Personalized Rates

Checking rates won’t affect your credit score

  • Fixed APR: 6.46% – 35.99% APR4
  • Min. credit score: 580
  • Loan amount: $1,000 to $50,0005
  • Loan terms (years): 3 to 5 years4
  • Time to fund: As fast as 1 business day6
  • Fees: Origination fee
  • Discounts: None
  • Eligibility: Available in all 50 states
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Min. Income: $12,000
  • Loan Uses: Payoff credit cards, consolidate debt, take a course or bootcamp, relocate, make a large purchase, and other purposes

Pros

  • Accepts poor and fair credit scores
  • Considers education and job history in addition to credit score to determine creditworthiness
  • Fast loan funding

Cons

  • Origination fees from 0% to 8%
  • Charges late and returned check fees
  • Limited repayment terms (3 to 5 years4)

Learn More: How Do Personal Loans Work?

Qualifying requirements for a personal loan

While eligibility criteria can vary by lender, here are a few qualifying requirements you’ll likely come across:

Check Out: Getting a Loan with No Credit: 4 Loans for New Borrowers

How to apply for a personal loan

If you’re ready to apply for a roof financing personal loan, follow these four steps:

  1. Compare lenders. Be sure to shop around and compare as many personal loan lenders as you can to find the right loan for your situation. Consider not only interest rates but also repayment terms, any fees charged by the lender, and eligibility requirements.
  2. Pick a loan option. After doing your lender research, choose the loan option that best suits your needs.
  3. Complete the application. Once you’ve picked a lender, you’ll need to fill out a full loan application and submit any required documentation, such as tax returns or pay stubs.
  4. Get your funds. If you’re approved, the lender will have you sign for the loan so the funds can be released to you. The time to fund for a personal loan is usually about one week — though some lenders will fund loans as soon as the same or next business day after approval.

Before you take out a personal loan, be sure to consider how much that loan will cost you. This way, you can be prepared for any added expenses. You can estimate how much you’ll pay for a loan using our personal loan calculator below.

Enter your loan information to calculate how much you could pay

Total Payment
$

Total Interest
$

Monthly Payment
$

With a
$
loan, you will pay
$
monthly and a total of
$
in interest over the life of your loan. You will pay a total of
$
over the life of the
loan.


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Pros of using a personal loan to pay for a roof

If you’re thinking about using a personal loan to pay for a roof, here are some pros to consider:

  • Fixed rates: Personal loans generally come with fixed rates, which means your payment will stay the same throughout the life of your loan.
  • Fast funding: Depending on the lender you choose, you could get your funds within just a few days — or even the same day — after approval.
  • Long repayment terms: Personal loans usually come with terms ranging from one to seven years, depending on the lender. This means you can spread your payments out to fit comfortably in your budget. Just remember that choosing a long-term personal loan means you’ll pay more in interest over time.

Check Out: What You Can Use a Personal Loan For

Cons of using a personal loan to pay for a roof

And here are a few potential drawbacks to keep in mind:

  • Fewer options for poor or fair credit: If you have bad credit, you could have a hard time qualifying for a personal loan. You’ll also generally need good to excellent credit to qualify for the best interest rates.
  • Might come with fees: Some lenders charge fees on personal loans, such as origination or late fees. This can raise your overall loan cost.
  • Lump-sum payment: Unlike other options like credit cards or lines of credit, personal loan funds are disbursed as a lump sum. While this can be helpful if you know exactly how much your roof repairs will cost, it also means you’ll have to take out another loan if you end up needing more money than you expected.

Learn More: How to Check If a Personal Loan Company Is Legitimate

Other ways to finance a roof

In addition to personal loans, there are also other ways to finance the cost of roof repairs or replacement. Here are some alternatives to consider:

Home equity loan or HELOC

If you’re a homeowner, you can tap into your home’s equity with a home equity loan or home equity line of credit (HELOC). Because these options are secured by your house, they sometimes come with lower interest rates than personal loans.

Just keep in mind that if you can’t keep up with your payments, you risk losing your home.

Check Out: Home Equity Loan vs. Personal Loan: Which Is Right for You?

In-house financing

Some roofing companies offer financing to their customers, either with in-housing financing or through a third-party vendor. This can be an easier option compared to taking out a loan as you can manage your roof repair needs and the needed financing in one place.

If you’re thinking about financing with a roofing company, be sure to compare your options with other personal loan lenders to make sure you’re getting the best possible deal.

Learn More: How to Get a Personal Loan With a 600 Credit Score

Credit card

Unlike a personal loan, a credit card is a type of revolving credit that lets you repeatedly draw on and pay off your credit line. This could come in handy if you aren’t sure how much your roof repairs will cost or if you need to cover recurring costs over time.

Some credit cards come with a 0% APR introductory offer, which means you could avoid paying any interest if you can repay your balance before this period ends.

However, if you can’t pay off your card in time, you could be stuck with some hefty interest charges. Additionally, credit card rates tend to be higher than personal loan rates.

Check Out: How to Get a Fast Personal Loan for Quick Cash

Government programs and grants

The government offers a few programs and grants designed to help low-income families pay for needed home repairs, such as roof repairs or replacement.

  • Weatherization Assistance Program: This program is available to low-income families to improve the energy efficiency of their homes and lower their energy costs.
  • Single Family Housing Repair Loans and Grants: This program provides two options for home repairs: loans for very-low-income families to repair, improve, or modernize their homes or grants for very-low-income elderly homeowners to remove health and safety hazards.
  • Rural Housing Repair Loans and Grants: If you’re a very-low-income homeowner living in a rural area, you might qualify for a loan through this program to improve, repair, modernize, or remove health and safety hazards from your home. Homeowners who are 62 or older and who fall into this category might be eligible for a grant through this program.

Learn More: COVID-19: How Personal Loan Lenders Are Helping Borrowers

Pay with insurance

In some cases, your homeowners insurance might cover the cost of fixing your roof — such as if your roof was damaged by fire, wind, or hail. Keep in mind that you’ll likely need to pay a deductible before your insurance will kick in. Additionally, your insurance will generally have a coverage limit.

Also note that homeowners insurance generally doesn’t cover repairs required due to wear and tear or maintenance needs. If you think you might have an eligible insurance claim, be sure to reach out to your insurance company to discuss your options.

Check Out: GreenSky Loans for Home Improvement Review

Financing a roof with bad credit

It could be difficult to qualify for a loan to repair your roof if you have poor or fair credit. While some lenders offer personal loans for bad credit, these loans tend to come with high interest rates — meaning you’ll pay much more in interest overall.

Tip: If you’re struggling to get approved, you could consider applying with a creditworthy cosigner to improve your chances. Not all lenders allow cosigners on personal loans, but some do.

Even if you don’t need a cosigner to qualify, having one could get you a lower interest rate than you’d get on your own.

If you decide to take out a personal loan for roof financing, remember to consider as many lenders as possible to find the right loan for you. Credible makes this easy — you can compare your prequalified rates from multiple lenders in two minutes.

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  • More options, pick the loan option that best fits your personal needs
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About Rates and Terms: Rates for personal loans provided by lenders on the Credible platform range between 4.99-35.99% APR with terms from 12 to 84 months. Rates presented include lender discounts for enrolling in autopay and loyalty programs, where applicable. Actual rates may be different from the rates advertised and/or shown and will be based on the lender’s eligibility criteria, which include factors such as credit score, loan amount, loan term, credit usage and history, and vary based on loan purpose. The lowest rates available typically require excellent credit, and for some lenders, may be reserved for specific loan purposes and/or shorter loan terms. The origination fee charged by the lenders on our platform ranges from 0% to 8%. Each lender has their own qualification criteria with respect to their autopay and loyalty discounts (e.g., some lenders require the borrower to elect autopay prior to loan funding in order to qualify for the autopay discount). All rates are determined by the lender and must be agreed upon between the borrower and the borrower’s chosen lender. For a loan of $10,000 with a three year repayment period, an interest rate of 7.99%, a $350 origination fee and an APR of 11.51%, the borrower will receive $9,650 at the time of loan funding and will make 36 monthly payments of $313.32. Assuming all on-time payments, and full performance of all terms and conditions of the loan contract and any discount programs enrolled in included in the APR/interest rate throughout the life of the loan, the borrower will pay a total of $11,279.43. As of March 12, 2019, none of the lenders on our platform require a down payment nor do they charge any prepayment penalties.



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