Millennials are adults now and have responsibilities for which they need money. Many have jobs, or they're hunting for them in their chosen fields. However, sometimes a Millennial will need cash for something, and they don't have the money in a savings or checking account to cover it.

If that happens to you, you'll probably want to compare personal loans and see if you can get one with favorable rates. A credit union or bank will likely offer you one of these loans if you have at least a decent credit score.

Before accepting a loan offer, you should compare each possibility. We've made a list of some of the top personal loan offers for Millennials that you can review right now.

1. Avant

Avant has a personal loan you can get right now if you have a minimum credit score of 580. That's not what a financial expert would consider a good credit score, so if your score needs some work, this might be the best option for you.

You can get this loan for anywhere from $2,000 to $35,000, and the APR ranges from 9.95% to 35.99%, depending on your score and how long of a term you choose to pay it back. You can get a term of up to 60 months, which some Millennials will find attractive.

2. Upstart

Upstart offers a personal loan that you might like if you want to borrow a smaller amount. You can get a loan from them for as little as $1,000.

They're looking for a minimum credit score of 600, and the rate ranges from 5.4% to 35.99%. 5.4% is a great interest rate to pay on a personal loan, though you can only get that if you have better-than-average credit.

3. Upgrade

Some Millennials like Upgrade's personal loan offer because you can secure one with poor credit. You can get this loan for a minimum score of 560 and anywhere from $1,000 to $35,000.

The company can offer you a loan for as little as a 5.94% APR or as much as 35.97%. This loan comes with an origination fee and has late payment fees attached, so watch out for those.

4. Discover

Millennials probably know Discover as a credit card company, but they're also a lending entity. You can get a loan from them that comes with no interest if you repay it within 30 days.

You can borrow anywhere from $2,500 to $35,000, and you need a minimum credit score of 660. The APR ranges from 5.99% to 24.99%. If you feel like you can pay back your personal loan quickly, this might be the best pick on the list.

5. LendingPoint

LendingPoint offers Millennials a loan for below-average credit, and you get the money quickly. The minimum credit score you need is 600, and you can get from $2,000 to $36,500. The APR ranges from 7.99% to 35.99%.

If you choose this option, you should have your funds within a day or so. There is an origination fee that can get as high as 6%, so be sure to ask about that.

You Might Use One of These Loans

Millennials who are short on cash might utilize one of these loan options. Maybe you need your money quickly, so you go with LendingPoint. Those with poor credit will probably do best with either Upgrade or Avant.

Upstart might be best if you need only a small loan, while Discover may be your top pick if you can pay off the loan in less than thirty days. Whichever one you choose, make sure you understand the terms and know about any applicable fees before you sign the contract and make a commitment.

See Campaign: https://www.credello.com/

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Name: Carolina Darbelles

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