Eloan Personal Loan Alternatives: Top Options for 2026

Quick take: Eloan, a division of Banco Popular de Puerto Rico, stopped offering new personal loans back in early 2022. Services for existing loans were handed over to Systems & Services Technologies Inc. 

The good news? There are plenty of strong Eloan personal loan alternatives in 2026 that offer the same kind of no-hassle, fixed-rate personal loans Eloan used to be known for — often with better perks, lower rates or more flexible terms.

MoneyLion offers a service to help you find personal loan offers. Based on the information you provide, you can get matched with offers for up to $100,000 from our top providers. You can compare rates, terms and fees from different lenders and choose the best offer for you.

Eloan Personal Loan Alternatives at a Glance

1. Best Overall: MoneyLion

With MoneyLion, you can shop real loan offers from a network of lending partners with rates as low as 6.49% APR and loan amounts up to $100,000, all without a hard pull on your credit. Repayment terms run from 12 months to 84 months on the marketplace, which gives you room to customize your monthly payment to something that actually fits your budget.

Beyond personal loans, MoneyLion bundles a whole suite of money tools into one app: Instacash^® cash advances up to $500 with no interest and no credit check, Credit Builder Plus loans for building credit from scratch fand even financial tools to help you take care of your money. That all-in-one design is why we think MoneyLion is the best overall alternative to Eloan for most borrowers.

Pros

• Check your rate with no impact to your credit score.

• A wide APR range means more borrower profiles can find a match.

• Large loan amounts up to $100,000 are available.

• You'll have access to additional tools like cash advances, credit building and financial monitoring.

Cons

• MoneyLion is a marketplace, not a direct lender, so final rates and fees come from the partner.

• Some marketplace lenders charge origination fees.

• You may need to compare offers carefully to find the best fit.

2. Best for Excellent Credit: LightStream

If your credit score is in great shape and you want the lowest rate you can possibly find, LightStream may be hard to beat. The online lending arm of Truist Bank offers fixed APRs with its AutoPay feature, in amounts from $5,000 up to $100,000, with no origination fees, no late fees and no prepayment penalties.

The tradeoff is that LightStream is strict. You'll generally need a credit score around 660 or higher, several years of credit history and solid income to qualify. There's also no prequalification, so applying means accepting a hard credit pull.

Pros

• Starting APRs are competitive with top lenders

• No fees of any kind

• Loan amounts up to $100,000

• Same-day funding may be available

Cons

• $5,000 minimum loan amount

• Requires strong credit and an established credit history

• No prequalification option

3. Best for Large Loans with Member Perks: SoFi

SoFi offers unsecured personal loans from $5,000 to $100,000 with APRs ranging from about 6.99% to 35.49% — after autopay and member discounts. There are no required fees on most loans, so that means no late fees and no prepayment penalties. You can choose a no-origination-fee option or pay a small origination fee for a lower rate.

What sets SoFi apart is the member experience. Borrowers get access to unemployment protection — which can pause payments if you lose your job — and even member rate discounts. You can prequalify with a soft credit pull and get funded as quickly as the same business day.

SoFi generally looks for borrowers with good to excellent credit, typically a FICO score of 680 or higher, so it's best suited for people who've already built a solid credit profile.

Pros

• Loan amounts up to $100,000

• Multiple rate discounts, e.g., for autopay, member rate and direct pay for debt consolidation

• Unemployment protection and other membership perks

• No-fee loan option available

Cons

• $5,000 minimum loan amount

• Best rates require good to excellent credit

• Not a fit for borrowers with lower credit scores

4. Best for Fast Funding: Best Egg

Best Egg is a solid middle-ground option. It offers personal loans up to $50,000 with APRs from 6.99% to 35.99% and repayment terms of 36 or 60 months. About half of approved borrowers get funded the next business day, with most receiving funds within one to three business days.

Best Egg offers both unsecured and secured personal loans. You can secure a loan using built-in fixtures in your home — think cabinets and light fixtures — for a discount of up to 20% APR, or use your vehicle as collateral to borrow against your car's value. 

The catch: Best Egg charges an origination fee of 0.99% to 9.99%, which comes out of your loan proceeds before you receive the funds. 

Pros

• Fast funding, often next business day

• Both secured and unsecured loan options

• Lower minimum credit score than many competitors

• Prequalify with a soft credit pull

Cons

• Charges an origination fee of 0.99% to 9.99%

• Only two term options of 36 or 60 months

• Lowest rates require high income and excellent credit

Why Doesn't Eloan Offer Personal Loans Anymore?

Eloan, a division of Banco Popular de Puerto Rico, stopped issuing new personal loans in early 2022. If you had an Eloan personal loan before the shutdown, your loan wasn't necessarily cancelled. Most likely, it was transferred to Systems & Services Technologies Inc. (SST), which now handles all servicing.

• Website: https://www.accountinfo.com/

• Toll-free phone number: (833) 604-0523

Watch for Personal Loan Scams

Since Eloan stopped offering new loans, there have been recently instances of scammers impersonating the brand, according to the Federal Trade Commission (FTC).

If anyone calls, texts or emails you claiming to be Eloan and asks for an upfront payment, gift cards or confidential information, be careful because it could be a scam. Legitimate lenders will not ask for money in advance to "secure" a loan.

What Are Some Alternatives to a Personal Loan?

Personal loans aren't the only option if you need funds to take care of an expense. Some of these options may be a good fit for you:

• Cash advance apps: You can have access to a portion of your funds before your next paycheck, along with no credit check and no interest.

• Credit union payday alternative loans: Some federal credit unions may offer small-dollar loans, with favorable rates and capped fees.

• Buy now, pay later: You may be able to split your purchase at certain retailers. Some programs may be interest-free.

• Borrow from a savings or retirement account: You can avoid paying interest and a credit check, though this can take away from any savings you're currently growing.

• Ask family or use a zero-interest credit card: You can cover a short-term gap with either of these, but make sure you have a repayment plan in place.

Determine which option is best for your timeline. Also, it's good to evaluate the cost and risk of each option so you know exactly what the tradeoffs might be.

How To Choose the Best Personal Loan Alternative

Since Eloan no longer offers personal loans, the right replacement depends on your credit, how much you want to borrow and how fast you need the money. A few things to weigh before you apply:

• Your credit score: Excellent-credit borrowers can unlock the lowest rates at LightStream or SoFi. Fair-credit borrowers will likely have better luck with Upgrade or MoneyLion.

• Loan amount: Need less than $2,000? Upgrade and some MoneyLion partners can go as low as $1,000. Need more than $50,000? LightStream, SoFi and the MoneyLion Marketplace go up to $100,000.

• Fees: LightStream and SoFi — on the no-fee option — don't charge origination fees. Best Egg does, and those fees get deducted from your funds before you see them.

• Funding speed: LightStream and SoFi can fund the same day. Best Egg and MoneyLion typically fund in one to three business days.

• Prequalification: Most personal loan providers on this list let you check your rate with a soft pull. The big exception is LightStream, which requires a hard inquiry upfront.

A good rule of thumb: Use MoneyLion to prequalify with two or three lenders, compare the actual offers side by side and go with the lender that gives you the lowest total cost over the life of the loan. A slightly higher APR with no fees can sometimes beat a lower APR with a big origination fee, so do the math before you sign.

The Bottom Line

Eloan may no longer be an option for new borrowers, but there's no shortage of lenders picking up the slack in 2026. For most people, MoneyLion is the best all-in-one starting point because you can shop multiple loan offers, see your rate without a credit hit and tap into extra tools like Instacash, credit building and financial monitoring tools all in one place. 

Ready to see what you qualify for? Check your rate with MoneyLion today with no impact to your credit score, and start making better money decisions.

Key Terms

• Personal loan: An unsecured loan from a bank, credit union, or online lender that provides a lump sum you repay in fixed monthly installments over a set term.

• APR (annual percentage rate): The yearly cost of borrowing expressed as a percentage. It accounts for both your interest rate and any fees, making it a more complete comparison tool than the interest rate alone.

• Origination fee: An upfront processing charge — typically a percentage of your loan amount — that some lenders deduct from your disbursement before you receive the funds.

• Loan servicer: The company responsible for day-to-day loan management, including collecting payments and handling account inquiries. Your servicer may differ from the lender that originally issued your loan.

• Soft credit pull: A credit inquiry used during prequalification that lets lenders estimate your eligibility without affecting your credit score.

• Hard credit pull: A formal credit inquiry made when you submit a full loan application. It appears on your credit report and can temporarily lower your credit score.

• Debt consolidation: Combining multiple debts into a single new loan, ideally at a lower interest rate, to simplify monthly payments and potentially reduce total interest paid.

• Prequalification: A preliminary eligibility check, using a soft credit pull, that provides estimated rates and terms before you formally apply — letting you compare options without credit score risk.

Sources

• Consumer Financial Protection Bureau (CFPB): What is a personal installment loan?

• CFPB: What is the difference between a loan interest rate and the APR?

• FTC: What To Know About Advance-Fee Loans.

Parts of this article were created with AI assistance. MoneyLion editors reviewed, fact-checked and edited the final version and are responsible for its accuracy.