Earnest Personal Loans


Earnest is a technology enabled lender that evaluates a person’s full education, employment, and financial profile. By looking beyond a simple credit score we can reward financially responsible people with better rates than traditional lenders, on personal loans and student loan refinancing. In addition, we have created an online dashboard that gives clients the tools to easily control and customize their loan payments. Earnest does not charge origination or prepayment fees.

We are a skilled team of design, math, finance, and technology geeks who noticed a lack of trust in the financial system and decided to do something about it. We created a company that combines data science, streamlined design, and exceptional service to bring people a fast, low-cost, and hyper-personalized financial experience. Our mission is to make credit more accessible by reducing the costs and barriers faced by millions of financially responsible people.

Loan Features

From student loan refinancing that could save you thousands to personal loans to help fund life’s biggest moments, our products are designed to help you reach your financial goals.

Student Loan Refinancing

Our student loan refinancing helps you pay down your federal and private student loans on your terms. We consolidate as many of your existing student loans as you’d like at a lower rate, with the option to choose between a fixed or variable rate at a term that fits your exact needs. We can refinance a minimum of $5,000 of eligible student loans, up to $500,000. Please note: you must have graduated and be employed, or be within 6 months of graduating and possessing a job offer to submit an application. Take a look at our Eligibility Guidelines for more information, and then start your student loan refinancing application here.

Personal Loans

We offer 1, 2, and 3 year personal loans between $2,000 and $50,000. Personal loans can be used for a number of reasons, including but not limited to: vacation/honeymoon, moving/relocation, security deposit, engagement/wedding, home improvement, new job expenses, and career development. We do not currently offer loans for small businesses. Take a look at our Eligibility Guidelines for more information, and then start your personal loan application here.

Application Process

You can apply on Earnest’s website in a six-step application. You will have to provide information about why you’re borrowing money, your education and profession, and give Earnest permission to scan bank account transactions to learn about your financial behavior. The company conducts a hard credit check with credit bureau Experian before finalizing the loan.

Minimum credit score: None, but generally 720+
Minimum gross income: None, but generally high
Minimum credit history: None
Maximum debt-to-income ratio: None

Repayment Terms

APR: 5.25% to 14.24%
Loan amount: $2,000 to $50,000
Loan duration: 1 to 3 years
Time to receive funds: Up to a week
Other fees: Up to $8 for unsuccessful payment

Customer Support

+1 888-601-2801

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