M1 Personal Loans

Low rates.
No fees.

Borrow for the things that matter without paying more than you need to. Get a personal loan up to $50,000 at a fixed rate as low as 7.49% APR.1

without impacting your credit score.2
Available to residents of select states.

Personal Loans with M1

Rates start at 7.49% APR1 with M1 Plus

Our multipurpose, fixed-rate loans help you borrow affordably. Every percentage counts when thinking long-term.

Absolutely no fees

You won’t have to pay origination fees, late fees, prepayment fees, or any other hidden fees that would get in the way of your goals.

Designed for you

Borrow up to $50,000 over 2-7 years for almost anything. Funding is quick, so you can start using your money right away.

How our Personal Loans compare

Our flexible loans help you cover costs while spending less.

Annual percentage rate
M1 Logo
U.S. Bank
M1 Logo
No fees
No fees
U.S. Bank
Yes, late fees and returned payment fees
Yes, late fees
Loan amount
M1 Logo
U.S. Bank
Loan terms
M1 Logo
2–7 years
2–7 years
U.S. Bank
1–7 years
3–7 years

M1 rates are current as of November 2022. Information on competing lenders was accessed from each lender’s website in November 2022.

Get the funds you need, fast

without impacting your credit score.2

Make life’s big moments more affordable

Low rates and no fees make M1 Personal Loans the right choice for countless occasions.


Pay off debts like credit card debt or high-interest loans.

Home improvement

Fund major updates or repairs around the house.

Major purchases

Pay for things like a new RV, boat, or gym equipment.

Something else

Cover moving costs, special occasions, and medical bills.

M1 plus logo

M1 Plus Members get a 1.5% discount1 on Personal Loans

Join M1 Plus before applying to take advantage of this discount.

What you need to know

M1 Personal Loans

Go to M1’s Help Center

A Personal Loan is cash that is borrowed for personal use such as home improvement, vacation plans, special events, credit card and debt consolidation.

To be eligible to apply for a Personal Loan offered by M1, you must be a US citizen or permanent resident, be 18 years old or the age of majority in your jurisdiction and reside in an eligible state. See all states where M1 Personal Loans are offered.

You must either have been (1) an active M1 Invest customer for at least 90 days, or (2) an active M1 Spend customer for at least 180 days, and (3) maintain at least $100 on any funded account(s) with M1 at the time of your application. M1 Invest not required.

You must possess a valid U.S. bank account and Social Security or Individual Tax I.D. number. You must also have a steady and adequate income to repay current debt obligations and any new loan with M1. Learn more about eligibility requirements.

In the case of M1 Margin Loans, your loan amount is leveraged against the value of an eligible M1 Brokerage Account. M1 Personal Loans offer an alternative to borrowing against your investment portfolio at M1. Learn more about loan types at M1.

While M1 Personal Loans can be used for almost anything, restrictions include real estate, investments and securities, business, post-secondary education, and bridge financing. Learn more about how you can use your loan.

M1 Personal Loans offer a minimum of $2,500 and a maximum of $50,000. Find out how much you qualify for by answering a few simple questions.

Check your loan options in minutes

without impacting your credit score.2

1 Lowest fixed rates available to M1 Plus members only, subject to credit history, income, term of loan, and other factors. Rates are not guaranteed and are subject to change. Not all applicants qualify for the lowest available rate.

M1 Plus is a paid annual membership that confers benefits for products and services offered by M1 Finance LLC, M1 Spend LLC and M1 Digital LLC, each a separate, affiliated, and wholly-owned operating subsidiary of M1 Holdings Inc. “M1″ refers to M1 Holdings Inc., and its affiliates

2 To see which personal loan rates and terms you qualify for, M1 conducts a soft credit check that will not affect your credit score. However, if you choose to proceed and continue your application, M1 will request a hard credit check from one or more consumer reporting agencies, which may affect your credit score.

3 Rates are not guaranteed and are subject to change. Not all applicants qualify for the lowest available rate.