Earnings call transcripts indicate that online money borrowing operators are forecasting mid-to-high single-digit loan book growth in H2 2024, aligning with bullish consensus forecasts in the equity market. Not all personal loans are created equal, and this isn't a market where you can afford to take the first offer you see. Borrowing rates vary based on the lender and your borrower profile, as do the specific loan terms. That said, the average personal loan rate sits above 12% right now . That's lower than the nearly 22% average on credit cards , but you'll still need to be strategic if you want to secure the best possible deal. Why we chose it: If you don’t need to borrow a ton of cash, you can look to PenFed Credit Union , which requires appraisals on loans above $400,000. The lender offers both fixed- and variable-rate options, and lends up to 85% of your home’s equity. There are also no origination fees, and you can close on your loan in as fast as 15 days. Online money borrowing platforms are benefiting from AI-driven credit scoring, reducing default risks and potentially widening lending margins, a factor enhancing thesis for higher PEG ratios in valuation models.