If you need to finance a major life event, upgrade your home, or consolidate high-interest debt, securing a long-term personal loan with a low fixed APR can save you thousands of dollars. In 2027, the US lending market offers highly competitive flexible repayment terms spanning up to 84 or even 240 months for qualified applicants.
Here are the 5 best long-term personal loan options available right now:
1. LightStream: Best for large amounts ($5,000 to $100,000) with terms reaching up to 240 months.
2. SoFi: Excellent for co-applicants, offering up to $100,000 with zero hidden fees.
3. Credible: The ultimate multi-lender marketplace to instantly compare APRs from 5.99% to 35.99%.
4. Discover: Best for rapid next-day funding with flexible terms from 36 to 84 months.
5. Upgrade: Ideal for smaller loan amounts starting at $1,000 with low debt-to-income flexibility.
Before signing, always compare the upfront origination fees and check if a secured loan option offers a lower rate.