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Personal Loans with Co-Signer 2026: Best Lenders & How to Apply Together

Lower your APR by 3-10% · Increase approval odds · Loans up to $100K · Soft credit check

Soft credit check only · No SSN required to compare · No score impact

Quick Answer

Yes, you can get a personal loan with a co-signer. Lenders like SoFi, LendingClub, Upstart, and Prosper allow co-applicants. A co-signer with 670+ credit can lower your APR by 3-10% and significantly increase approval odds. Both parties are equally responsible for the loan. Compare co-signer-friendly lenders at Money Pup Loans with a soft credit check.

Best Personal Loan Lenders That Allow Co-Signers — August 2026

LenderCo-Signer TypeAPR RangeMax LoanMin CreditCo-Signer Release?Best For
🏆 Money Pup LoansCompare allVaries$50K580+VariesMulti-lender matching
💼 SoFiCo-applicant8.99-29.99%$100K680+NoLarge loans, no fees
🤝 LendingClubCo-applicant9.95-35.89%$40K600+NoFlexible, peer-to-peer
🤖 UpstartCo-applicant7.80-35.99%$50K580+NoAI approval, bad credit
ProsperCo-signer8.99-35.99%$40K600+NoPeer-to-peer platform
🎖️ Navy Federal CUCo-applicant8.49-18%$50K550+NoMilitary families
🏦 Wells FargoCo-applicant8.24-24.49%$100K660+NoExisting customers

⚠️ Lenders That Do NOT Allow Co-Signers

• LightStream• Discover• Marcus by Goldman Sachs• Avant• LendingPoint• Payoff (Happy Money)

If you need a co-signer, skip these lenders and focus on SoFi, LendingClub, Upstart, or Prosper.

🤝

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How a Co-Signer Lowers Your APR: Real Examples

Your CreditAPR AloneCo-Signer CreditAPR with Co-SignerSavings on $20K/48mo
58028%74012%$3,432 saved
62022%74010%$3,002 saved
66016%7409%$2,534 saved
68012%7608%$834 saved
70010%7807.5%$432 saved

A co-signer with excellent credit can save you $2,500-$3,400+ on a $20,000 loan. The lower your credit, the more a co-signer helps.

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How to Apply for a Personal Loan with a Co-Signer: 5 Steps

1

Find a willing co-signer

Ask a family member or close friend with 670+ credit and stable income. Make sure they understand the risks — they are equally responsible for the loan.

2

Choose a co-signer-friendly lender

SoFi, LendingClub, Upstart, and Prosper allow co-applicants. Use a marketplace to compare all of them with one soft credit pull.

3

Both applicants provide information

Both you and your co-signer enter personal info: income, employment, housing payment. Both get a soft credit check — no score impact for either.

4

Review joint offers

See pre-approved offers based on the combined credit profile. The co-signer's stronger credit should result in a lower APR than you would get alone.

5

Both sign the loan agreement

Both parties must sign the final loan agreement. Both are legally responsible for repayment. Set up autopay to ensure on-time payments.

Frequently Asked Questions

Can I get a personal loan with a co-signer?

Yes. Several lenders allow co-signers on personal loans: SoFi, LendingClub, Upstart (co-applicant), and Prosper. Adding a co-signer with good credit (670+) can lower your APR by 3-10% and significantly increase approval odds. The co-signer is equally responsible for the loan. Using a lender marketplace lets you compare co-signer-friendly lenders with one soft credit pull.

→ Apply with a co-signer — soft credit check only, lower your APR by 3-10%, no score impact

What credit score does a co-signer need?

A co-signer should have a credit score of 670 or higher to meaningfully improve your loan terms. For the best rate reduction (3-10% lower APR), the co-signer should have 720+ credit, a low debt-to-income ratio (below 30%), and stable income. The co-signer's credit profile is evaluated alongside yours — the stronger their profile, the better your rate.

→ Apply with a co-signer — soft credit check only, lower your APR by 3-10%, no score impact

Which lenders allow co-signers on personal loans?

Lenders that allow co-signers or co-applicants on personal loans include: SoFi (co-applicant), LendingClub (co-applicant), Upstart (co-applicant), Prosper (co-signer), and Navy Federal Credit Union (co-applicant). Note: LightStream, Discover, Marcus, and Avant do NOT allow co-signers. Always check the lender's policy before applying. Using a marketplace helps you find co-signer-friendly lenders.

→ Apply with a co-signer — soft credit check only, lower your APR by 3-10%, no score impact

What are the risks of co-signing a personal loan?

Co-signing a personal loan carries significant risks for the co-signer: (1) they are equally responsible for repayment — if the primary borrower misses payments, the co-signer must pay, (2) the loan appears on the co-signer's credit report, increasing their debt-to-income ratio, (3) late payments damage the co-signer's credit score, (4) the co-signer cannot easily remove themselves from the loan. Only co-sign for someone you trust completely.

→ Apply with a co-signer — soft credit check only, lower your APR by 3-10%, no score impact

Can I remove a co-signer from a personal loan?

Removing a co-signer from a personal loan is difficult but possible: (1) some lenders offer co-signer release after 12-24 months of on-time payments — check your loan agreement, (2) you can refinance the loan in your name only (if your credit has improved), (3) you can pay off the loan early. Not all lenders offer co-signer release. The most reliable way to remove a co-signer is to refinance the loan solely in your name.

→ Apply with a co-signer — soft credit check only, lower your APR by 3-10%, no score impact

Does a co-signer show up on my credit report?

Yes. The personal loan appears on both the primary borrower's and the co-signer's credit reports. On-time payments help both credit scores. Late payments or default damage both credit scores. The loan also counts toward both parties' debt-to-income ratios, which may affect their ability to get other loans. Always communicate with your co-signer about payment status.

SM

Written by

Sarah Mitchell

Personal Finance & Co-Signer Lending Specialist · 11 years experience

Sarah helps borrowers and co-signers understand the responsibilities and benefits of joint personal loans.

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