Best Personal Loans With No Origination Fees for 2024

Why Trust Us

Investopedia researchers collected thousands of data points from dozens of lenders to evaluate the factors most important for borrowers, including origination fees. We used this information to rank each lender based on APRs and fees, loan amounts, repayment terms, customer experience, and other factors. We developed this process to support Investopedia’s mission to provide unbiased, comprehensive financial product reviews and help you make the right financial decisions. Investopedia launched in 1999 and has been researching and evaluating personal loan lenders since 2019.

How We Choose the Personal Loans With no Origination Fees

Investopedia collected over 2,600 data points from 59 lenders, traditional banks, fintechs, and finance companies to evaluate and rank the best personal loan providers that do not charge an origination fee. We identified and collected 45 criteria, including APRs, loan amounts and terms, fees, customer experience, and more. Research and data collection began on July 23 and concluded on Oct. 18, 2024.

We arranged the 45 criteria into four overarching categories. We then scored and weighted 26 criteria (1,500 data points) to develop our overall star rating for each lender, using the remaining criteria for background and editorial richness. The categories and their weights for this project are:

• Loan Costs: 30%
• Loan Terms: 22% 
• Borrowing Requirements: 24%
• Lender Features: 24%

Investopedia’s compliance team monitors changes to key details, like interest rates and fees, to maintain data integrity. Compliance team members then update our database and pages to ensure both are accurate as of the publication date.

Learn more about how we evaluate personal loans in our complete methodology.