5.99 - 21.49 %
APR
2 - 6 years
Loan Term
Check rates
On partner's site

Best Personal Loans in Little Rock (AR)

We have found 116 personal loans to apply for in Little Rock, AR. Add more criteria to compare personal loans and find the best one for you.

By Myfin Team
Updated March 28, 2024
Showing 116 personal loans
APR
5.99 - 21.49 %
with Autopay
Term
2 - 6years
Loan amount
$5,000 - $100,000
  • Minimum credit:
    scorer
    Fair (580-669)
  • Autopay discount:
    0.5%
  • Origination fee:
    No origination fee.
  • Funds available in:
    1 business day.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Low rates
    • No fees
    • Fast approval and funding
    • Rate discount for autopay
    • Digital experience
  • Cons:
    • Minimum loan amount is a bit high
    • Requires a long credit history

LightStream is the online lending division of Truist (formerly SunTrust Bank).

The key feature of LightStream's online personal loans is that they can be up to $100,000 and used for nearly any reason.

LightStream charges no fees on its personal loans. Plus, it offers to send you $100 if you’re unsatisfied with the loan process.

See LightStream full product review
Check rates
On partner's site
APR
6.99 - 24.99 %
with Autopay
Term
3 - 6years
Loan amount
$3,500 - $40,000
  • Minimum credit:
    scorer
    Fair (580-669)
  • Autopay discount:
    0.25%
  • Origination fee:
    No origination fee.
  • Funds available in:
    5 business days.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • No fees
    • Autopay discount
  • Cons:
    • Long time to receive funds
    • No Cosigner Option

Marcus offers unsecured personal loans up to $40,000 with rates from 6.99% to 24.99%.

Marcus does not charge origination, late payment and check processing fees.

See Marcus by Goldman Sachs full product review
Check rates
On partner's site
APR
5.6 - 35.99 %
Term
3 - 5years
Loan amount
$1,000 - $50,000
  • Minimum credit:
    scorer
    Poor (300-579)
  • Origination fee:
    10%
  • Funds available in:
    1 business day.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • No prepayment penalty
    • Next day funding
  • Cons:
    • Origination Fee
    • Extra Fees

Upstart loans range from $1,000 to $50,000. Not all applicants will qualify for the full amount.

The minimum loan amount: $7,000 (MA), $6,000 (Ohio), $5,100 (NM), $3,100 (GA), $2,100 (HI).

Borrowers need credit scores of 580 or higher.

Upstart offers fixed-rate APRs that vary from 5.60% to 35.99%. Loan terms are available for 3 or 5 years.

The origination fee ranges from 0% to 8%.

See Upstart full product review
Check rates
On partner's site
APR
8.99 - 29.99 %
Term
2 - 5years
Loan amount
$5,000 - $40,000
  • Minimum credit:
    scorer
    Good (670-739)
  • Origination fee:
    5%
  • Funds available in:
    3-6 business days.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • No prepayment or late fees
    • Free monthly FICO score updates
  • Cons:
    • Co-signers are not accepted
    • Origination Fee
    • Slow funding
    • Not available in all states

The Payoff Loan™ is an unsecured personal loan designed to consolidate your credit cards into one monthly payment. Payoff requires a minimum FICO credit score of 640 or higher. It provides loans of up to $40,000.

The Payoff platform provides loans with rates between 8.99% and 29.99% APR. Minimum loan amount and APR may vary in certain states.

See Payoff® full product review
Check rates
On partner's site
APR
8.3 - 36 %
Term
3 - 5years
Loan amount
$1,000 - $40,000
  • Minimum credit:
    scorer
    Poor (300-579)
  • Origination fee:
    3 - 6%
  • Funds available in:
    1 business day.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Quick, easy online application
    • Fast funding
  • Cons:
    • Origination fee

LendingClub offers loans of $1,000 to $40,000.

The APR range is from 8.30% to 36.00%. Loan terms are available for 3 or 5 years.

LendingClub charges an origination fee of 3% to 6% on personal loans.

See LendingClub full product review
Check rates
On partner's site
APR
7.99 - 23.43 %
with Autopay
Term
2 - 7years
Loan amount
$5,000 - $100,000
  • Minimum credit:
    scorer
    Good (670-739)
  • Autopay discount:
    0.25%
  • Origination fee:
    No origination fee.
  • Funds available in:
    1 business day.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Fast approval and funding
    • Rate discount for autopay
    • No Fees
  • Cons:
    • Not available to residents of Mississippi
    • No secured loan option

SoFi loans range between $5,000 to $100,000.

The APR range is from 7.99% to 23.43% (with discounts). Loan terms are available for 2 or 7 years.

The loan is not available in Mississippi.

SoFi personal loans have no fees: no origination fees, no late fees, no prepayment penalties.

See SoFi full product review
Check rates
On partner's site
APR
9.95 - 35.95 %
Term
1 - 5years
Loan amount
$2,000 - $35,000
  • Minimum credit:
    scorer
    Poor (300-579)
  • Origination fee:
    4.75%
  • Funds available in:
    1 business day.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Fast approval and funding
    • Low minimum credit score requirements
    • No prepayment fees
  • Cons:
    • Fees
    • No Autopay discount
    • No Cosigner Option

Avant offers unsecured loans of $2,000 to $35,000. Rates range from 9.95% to 35.95%.

Avant charges an origination fee up to 4.75%.

Avant personal loans are not available in Colorado, Iowa, West Virginia, New York, Vermont, Hawaii, and Nevada.

See Avant full product review
Check rates
On partner's site
APR
7.95 - 35.99 %
Term
3 - 5years
Loan amount
$2,000 - $40,000
  • Minimum credit:
    scorer
    Fair (580-669)
  • Origination fee:
    2.41 - 5%
  • Funds available in:
    1 business day.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Fast approval and funding
    • Simple application process
  • Cons:
    • Origination fee
    • Extra Fees
    • No Autopay Discount
    • Not available in all states

Prosper offers fixed-rate APRs that vary from 7.95% to 35.99%. Loan terms are available for 3 or 5 years.

The origination fee ranges from 2.41% to 5%. Prosper charges $15 for failed payments or returned checks. Payments that are 15 or more days late are assessed a late fee.

If you don't qualify for a personal loan with Prosper, consider applying with a co-applicant.

See Prosper full product review
Check rates
On partner's site
APR
7.99 - 35.99 %
Term
3 - 5years
Loan amount
$2,000 - $50,000
  • Minimum credit:
    scorer
    Good (670-739)
  • Origination fee:
    0.99 - 8.99%
  • Funds available in:
    1-3 business days.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Fast approval
    • Low fixed rates
    • Fast funding
  • Cons:
    • Fee charged

Best Egg is a national online lending platform offering personal loans starting at $2,000 for a variety of purposes.

Best Egg’s personal loans are ideal for consolidating debt or funding major expenses. Borrowers cannot use loans toward securities or postsecondary educational expenses.

There are no prepayment penalties, so you can pay off the loan ahead of schedule without extra fees.

Best Egg origination fees vary from 0.99% to 8.99%.

The quote you receive is based on multiple factors, including: Credit score and history, Income, Debt obligations, Loan amount, Repayment term (36 vs. 60 months).

See Best Egg full product review
Check rates
On partner's site
APR
5.4 - 35.99 %
Term
1 - 7years
Loan amount
$600 - $100,000
  • Minimum credit:
    scorer
    Good (670-739)
  • Origination fee:
    Depends on the lender
  • Funds available in:
    24 hours
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Checking rates will not affect your credit score
    • Personal information is not sold to lenders
    • Available rates and lenders will appear based on preferred settings, with no bias
    • Receive actual rates based on your credit profile, not estimates
  • Cons:
    • Not a direct lender

Credible.com is a financial marketplace that helps thousands of Americans to get personal loans at the best rates they qualify for.

On Credible.com you can apply for a personal loan of up to $100,000. Then it will match your application with offers on the market and help you to find the lowest rate, based on your credit profile.

Credible.com is free to use and doesn't have any hidden fees.

See Credible full product review
Check rates
On Credible.com
For example, if you apply for a 2-year $5,000 personal loan with an interest rate of 15% and an origination fee of 5% you would receive $4,750 and make 24 payments of $242.43. The total amount paid would be $5,818.
Search for best loan
Showing 116 personal loans
Amount
$
Credit Score
City, state or Zip
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Loan Purpose
  • Personal Loan
  • Home Improvement Loan
  • Medical (Dental) Loan
  • Debt Consolidation Loan
  • Major Purchase
  • Refinance Credit Card
  • Moving Expenses (Relocation)
  • Travel
  • Other

TOP 5 banks offering personal loans in Little Rock

Showing 5 banks
Sort by: Branches
Branches 14 bank branches
Total Assets (US$M)27,171,310
Baseline Branch
6712 Baseline Road, Little Rock, AR, 72209
Highway 10 And Chenal Branch
23816 Chenal Parkway, Little Rock, AR, 72223
Hillcrest Branch
2800 Kavanaugh Boulevard, Little Rock, AR, 72205
Show all departments
Branches 12 bank branches
Total Assets (US$M)159,787,000
Baseline
Thursday: 9:00 AM - 4:00 PM
Bowman Remote Drive Thru
Thursday: 9:00 AM - 4:00 PM
Chenal Promenade
Thursday: 9:00 AM - 4:00 PM
Show all departments
Branches 12 bank branches
Total Assets (US$M)25,919,965
Bank Ozk
18000 Cantrell Rd, Little Rock, AR, 72223
Little Rock - Heights Branch
1800 North Taylor, Little Rock, AR, 72207
Capitol Branch
325 West Capitol Avenue, Little Rock, AR, 72201
Show all departments
Branches 8 bank branches
Total Assets (US$M)2,440,022,000

How to choose the best personal loan in Little Rock, (AR)?

Personal loans can be a helpful tool for managing your finances, providing flexibility and improving your financial health. When selecting a personal loan in Little Rock, Arkansas, it's essential to find one that suits your financial needs. Here are some strategies for comparing and choosing the right personal loan in the current market.

Annual Percentage Rates

One of the crucial aspects to consider is the annual percentage rate (APR). Instead of solely focusing on the interest rate, the APR provides a more accurate representation of the overall cost of the loan, including fees. By comparing APRs, you can determine which loan will be more expensive in the long run.

In Little Rock, the APR ranges from 4.49% to 36%.

Loan Amount

If you're uncertain about the exact amount you need, researching loan amount options is beneficial. Look for lenders that offer a wide range of loan amounts, including the option to withdraw funds in parts. This flexibility is particularly useful for projects where the required funds may vary over time, such as home renovations or car repairs.

Monthly Payments

Ensure that the monthly payment fits comfortably within your budget. It's crucial to be able to cover your general expenses while also repaying the loan and interest.

Credit Requirements

While most lenders prefer borrowers with good to excellent credit scores (670 or higher), some lenders accept those with poor to fair credit. Although a higher credit score doesn't guarantee a lower interest rate, it increases your chances of approval. In Little Rock (AR), the lowest acceptable credit score is Poor (300 - 579). Tailor your search to lenders that consider your credit score to obtain the best loan terms possible.

Collateral

Most personal loans are unsecured and don't require collateral. However, some loans may require collateral, which typically results in lower interest rates due to reduced risk for the lender. If you wish to avoid high interest rates (which can reach 36% in Little Rock), consider a secured personal loan.

Origination Fee

Many lenders charge origination fees in addition to interest charges. These fees are usually a percentage of the total loan amount and can vary between lenders. Choosing a personal loan with low origination fees can save you money in the long run.

Compare and Choose the Best Personal Loan in Little Rock (AR)

To simplify your research and select a loan with optimal terms for your financial situation, compare all available loan offers side by side. The table below outlines the important characteristics of various personal loans:

LenderAPRLoan AmountLoan termOrigination FeeScore RequiredApply
LightStream
6.49 - 21.99%$5,000 - $100,0002 - 6 yearsNo origination fee.From Fair (580-669) to Fair (580-669)Check rates
On partner's site
Marcus by Goldman Sachs
7.24 - 25.24%$3,500 - $40,0003 - 6 yearsNo origination fee.From Fair (580-669) to Excellent (740-799)Check rates
On partner's site
Upstart
5.6 - 35.99%$1,000 - $50,0003 - 5 years10%From Poor (300-579) to Excellent (740-799)Check rates
On partner's site
Payoff®
8.99 - 29.99%$5,000 - $40,0002 - 5 years5%From Good (670-739) to Excellent (740-799)Check rates
On partner's site
LendingClub
8.3 - 36%$1,000 - $40,0003 - 5 years3 - 6%From Poor (300-579) to Excellent (740-799)Check rates
On partner's site
SoFi
8.24 - 23.68%$5,000 - $100,0002 - 7 yearsNo origination fee.From Good (670-739) to Excellent (740-799)Check rates
On partner's site
Avant
9.95 - 35.95%$2,000 - $35,0001 - 5 years4.75%From Poor (300-579) to Excellent (740-799)Check rates
On partner's site
Prosper
7.95 - 35.99%$2,000 - $40,0003 - 5 years2.41 - 5%From Fair (580-669) to Excellent (740-799)Check rates
On partner's site
Best Egg
7.99 - 35.99%$2,000 - $50,0003 - 5 years0.99 - 8.99%From Good (670-739) to Good (670-739)Check rates
On partner's site
Credible
5.4 - 35.99%$600 - $100,0001 - 7 yearsDepends on the lenderFrom Good (670-739) to Excellent (740-799)Check rates
On Credible.com

We have added these specific characteristics to the table as we consider them the most important when comparing personal loans.

Tips for Increasing Personal Loan Approval Odds in Little Rock (AR)

If you're considering a personal loan in Little Rock, it's important to take steps to maximize your chances of approval. Here are five tips to increase your personal loan approval odds:

  1. Get Your Credit in Shape. Improving your credit score is the best way to enhance your loan approval odds. While the minimum credit score requirement in Little Rock is Poor (300 - 579), having a higher credit score increases your chances of approval.
  2. Increase Your Income. Lenders consider your debt-to-income ratio when assessing your application. Increasing your income improves this ratio and boosts your chances of approval. Request a raise at your job or explore part-time job opportunities to supplement your income.
  3. Avoid New Debt. While searching for a personal loan, avoid taking on additional debt. Lenders perceive debt as a risk, and any outstanding debts decrease your approval odds. Prioritize paying off existing debts and refrain from acquiring new ones.
  4. Be Realistic About Loan Amounts. Lenders are generally reluctant to provide large loan amounts due to increased risk. While the maximum amount available in Little Rock is $500,000, obtaining such a sum can be challenging. Aim for smaller loan amounts instead. Determine the precise amount you require and request the minimum necessary. The minimum loan amount offered by lenders in Little Rock is $100.
  5. Consider a Joint Applicant. Finding a joint applicant can increase your chances of approval. Lenders assess both credit scores and incomes when you apply with a joint applicant. Alternatively, you can seek a co-signer who agrees to pay the loan if you default. Ensure you trust your joint applicant or co-signer, as your finances will be interconnected.

Conclusion

Obtaining a personal loan may sometimes be necessary, so it's crucial to prepare in advance. By taking action today, you can maximize your odds of approval. Focus on improving your credit score, increasing your income, managing existing debts, being realistic about loan amounts, and exploring joint applicants or co-signers. These steps will increase your chances of being approved for a personal loan in Little Rock.

FAQ

What is the highest interest rate on a personal loan in Little Rock, Arkansas?

The highest interest rate on personal loan in Little Rock is 36%.

What is the biggest loan amount in Little Rock, Arkansas?

The biggest personal loan amount in Little Rock is $500,000.

What credit score do I need to have to get a personal loan in Little Rock, Arkansas?

To get approved for a personal loan in Little Rock you need to have at least a Poor (300-579) credit score.
Myfin TeamMyfin Team

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