Top Debt Consolidation Companies With the Lowest APR in 2025
If you’re looking to simplify your finances and save on interest, a debt consolidation loan can be a powerful solution but only if you find the right lender. With dozens of companies offering personal loans for debt consolidation in 2025, it’s more important than ever to compare rates, terms, and approval requirements.
Below, we’ve rounded up the best debt consolidation companies offering the lowest APRs this year, along with what you need to know before applying credit score requirements, loan limits, pros and cons, and who each lender is best for.
1. LightStream (by Truist)
Best for: Excellent credit borrowers who want ultra-low rates
- APR Range: 7.49% – 25.49%* with autopay
- Loan Amounts: $5,000 – $100,000
- Minimum Credit Score: 680+
- Loan Terms: 24 to 84 months
- Origination Fee: $0
Pros:
- No fees: no origination, prepayment, or late payment fees
- Rate beat program: LightStream will beat competitor APRs by 0.10%
- High loan maximums for large debt amounts
Cons:
- No prequalification (hard pull only)
- Not ideal for credit scores below 680
*Tip: LightStream is best if your credit is strong and you want to borrow a large amount at a low fixed rate.
2. SoFi
Best for: Borrowers with good credit who want added perks
- APR Range: 8.99% – 25.81% APR** with autopay
- Loan Amounts: $5,000 – $100,000
- Minimum Credit Score: 680
- Loan Terms: 24 to 84 months
- Origination Fee: 0% – 6%
Pros:
- Unemployment protection and financial planning tools
- Same-day funding available
- No prepayment penalties
Cons:
- Origination fees can be high for some applicants
- Higher rates than some competitors for average credit scores
*Tip: SoFi is ideal if you want extra financial support (career coaching, budgeting tools) along with a consolidation loan.
3. Discover Personal Loans
Best for: Fast approvals with no fees
- APR Range: 7.99% – 24.99% APR
- Loan Amounts: $2,500 – $40,000
- Minimum Credit Score: 660
- Loan Terms: 36 to 84 months
- Origination Fee: $0
Pros:
- No origination fees, prepayment penalties, or closing costs
- Easy online application and approval within minutes
- U.S.-based customer support
Cons:
- Lower loan cap than other providers
- Requires a relatively good credit history
*Tip: Discover offers straightforward, no-fee loans for borrowers with above-average credit scores.
4. Upgrade
Best for: Fair credit borrowers
- APR Range: 8.49% – 35.99% APR
- Loan Amounts: $1,000 – $50,000
- Minimum Credit Score: 580
- Loan Terms: 24 to 84 months
- Origination Fee: 1.85% – 9.99%
Pros:
- Accepts lower credit scores than most competitors
- Offers a secured loan option with collateral
- Funds available in as little as one business day
Cons:
- High origination fees for lower credit scores
- APR can be steep if your credit isn’t strong
*Tip: Upgrade is a solid option if your credit is below 670 but you still need to consolidate debt.
5. Upstart
Best for: Thin credit files or non-traditional borrowers
- APR Range: 7.80% – 35.99% APR
- Loan Amounts: $1,000 – $50,000
- Minimum Credit Score: 300 (or no credit history)
- Loan Terms: 36 or 60 months
- Origination Fee: 0% – 12%
Pros:
- AI-driven approval looks beyond credit score (e.g., education, job history)
- Fast funding—often next-day
- Accepts younger or first-time borrowers
Cons:
- Limited term options (3 or 5 years only)
- High origination fees for some applicants
*Tip: Upstart works well if you have limited credit history but strong earning potential or education background.
6. Marcus by Goldman Sachs
Best for: No-fee simplicity and reliable service
- APR Range: 6.99% – 24.99% APR
- Loan Amounts: $3,500 – $40,000
- Minimum Credit Score: 660
- Loan Terms: 36 to 72 months
- Origination Fee: $0
Pros:
- No fees of any kind
- On-time payment reward (skip a payment after 12 months)
- Top-rated customer service
Cons:
- Lower maximum loan amounts than some competitors
- May not offer lowest rates to all applicants
*Tip: Marcus is ideal if you want transparent terms and steady service with no surprises.
Choosing the Right Debt Consolidation Loan in 2025
Before you apply, keep these things in mind:
- Check your credit score first. Use tools like Credit Karma or Experian to understand where you stand.
- Compare prequalification offers. Most lenders let you check your rate without a hard inquiry.
- Calculate total loan cost. Consider interest, term length, and fees not just the monthly payment.
- Avoid long repayment terms unless necessary. They reduce your payment but often increase total interest paid.
The right lender depends on your credit profile, debt amount, and goals whether that’s paying it off quickly, lowering interest, or reducing stress.
Want to make sure debt consolidation won’t hurt your credit? Read next: How Debt Consolidation Affects Your Credit in the Long Run for tips on how to protect (and even improve) your score while streamlining your finances.
