The best personal loans of July 2026

Personal loans are forms of installment credit , repaid in regular increments over a set period. They have lower interest rates than credit cards, making them a good option for home renovations, weddings, medical bills and other needs. When compiling the best personal loans, CNBC Select evaluated dozens of lenders using a variety of criteria, including interest rates, fees, loan amounts, term lengths, fund disbursement, discounts and customer service.