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M1 Personal Loans

Low rates.
No fees.

Borrow for the things that matter without paying more than you need to. Get a personal loan of $2,500–$50,000 at a fixed rate as low as 7.99% APR.1

without impacting your credit score.2

Personal Loans with M1

Rates start at 7.99% APR1

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 $2,500–$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
7.99%1–21.75%1
SoFi
8.99%–25.81%
U.S. Bank
8.24%–21.99%
Discover
7.99%–24.99%
Fees
M1 Logo
No fees
SoFi
No fees
U.S. Bank
Yes, late fees and returned payment fees
Discover
Yes, late fees
Loan amount
M1 Logo
$2,500–$50,000
SoFi
$5,000–$100,000
U.S. Bank
$1,000–$50,000
Discover
$2,500–$40,000
Loan terms
M1 Logo
2–7 years
SoFi
2–7 years
U.S. Bank
1–7 years
Discover
3–7 years

M1 rates are current as of January 2024. Information on competing lenders was accessed from each lender’s website in January 2024. 

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.

Debt
consolidation

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.

Everything else

Cover moving costs, special occasions, and medical bills.

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.

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

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.