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

Best Personal Loans in Arizona

We have found 122 personal loans in Arizona. Compare and choose the best loan for your purpose.

By Myfin Team
Updated June 19, 2024
Showing 122 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
18 - 35.99 %
Term
2 - 5years
Loan amount
$1,500 - $20,000
  • Minimum credit:
    scorer
    Poor (300-579)
  • Origination fee:
    $25 - $500
  • Funds available in:
    1 business day.
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Secured and unsecured options
    • Poor-credit applicants considered
  • Cons:
    • Origination fee
    • Extra Fees
    • High Rates

OneMain Financial offers loans that range from $1,500 to $20,000. The annual percentage rate ranges from 18.00% to 35.99%.

You may be approved for an unsecured or a secured loan. A secured loan requires you to provide collateral, such as a motor vehicle, while an unsecured loan doesn’t require any collateral at all.

OneMain charges late payment fees. These fees may range from a flat amount of $5 to $30 per late payment, or they may be a percentage of your entire monthly payment amount or a percentage of the delinquent portion of your monthly payment amount, ranging from 1.5% to 15%.

The lender charges an origination fee. Flat fees vary by state and range from $25 to $500. Percentage fees range from 1% to 10% of the loan.

See OneMain Financial full product review
Check rates
On partner's site
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 122 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 Arizona

Showing 5 banks
Sort by: Branches
Branches 212 bank branches
Total Assets (US$M)3,380,824,000
Chandler And Desert Foothills
Wednesday: 9:00 AM - 5:00 PM
Mayo And Scottsdale
Wednesday: 9:00 AM - 5:00 PM
Chandler And 40th
Wednesday: 9:00 AM - 5:00 PM
Show all departments
Branches 184 bank branches
Total Assets (US$M)1,712,535,000
Branches 128 bank branches
Total Assets (US$M)2,440,022,000
Arizona Center
Wednesday: 9:00 AM - 4:00 PM
West Mc Dowell
Wednesday: 9:00 AM - 4:00 PM
Paradise Valley/tatum
Wednesday: 9:00 AM - 4:00 PM
Show all departments
Branches 64 bank branches
Total Assets (US$M)582,252,757
35th & Southern Branch
Wednesday: 9:00 AM - 4:00 PM
75th & Mcdowell Az Branch
Wednesday: 9:00 AM - 4:00 PM
Ahwatukee Safeway Branch
Wednesday: 10:00 AM - 6:00 PM
Show all departments
Branches 63 bank branches
Total Assets (US$M)87,218,368
91st Avenue And Thomas Branch
8911 West Thomas Road, Phoenix, AZ, 85037
West Thomas Branch
3348 West Thomas Road, Phoenix, AZ, 85017
Biltmore Branch
2850 East Camelback Road, Phoenix, AZ, 85016
Show all departments

How to Select the Best Personal Loan in Arizona?

Personal loans can be a valuable financial tool to bridge gaps in your budget and enhance your financial well-being when used wisely. It is crucial to choose a loan that aligns with your financial circumstances. To help you make an informed decision, here are some strategies for comparing and selecting the right personal loan in Arizona.

Consider the Annual Percentage Rates (APR)

The APR is a critical factor to evaluate when comparing loan options. Unlike the interest rate alone, the APR provides a more accurate representation of the overall cost as it incorporates fees into the calculation. By comparing APRs, you can determine which loan will be more expensive in the long run. In Arizona, the APRs on personal loans range from 4.49% to 36%.

Evaluate Loan Amounts

While you may not know the exact loan amount you need, researching loan options and choosing a lender that offers a substantial range can be beneficial. In Arizona, personal loans are available from as low as $100 to as high as $500,000. Some lenders also offer the option to withdraw the loan in parts, allowing you to pay interest only on the amount you utilize. Such flexibility is advantageous for projects where the required funds may vary over time, such as home renovations or car repairs.

Assess Monthly Payments

When selecting a personal loan, it is important to ensure that the monthly payment amount comfortably fits within your budget. It should be manageable alongside your regular expenses and enable you to meet your financial obligations while repaying the loan and accrued interest.

Consider Credit Requirements

Most lenders prefer borrowers with good to excellent credit scores (typically 670 or higher). However, some lenders are willing to work with individuals with poor to fair credit. While a higher credit score increases your chances of approval, it does not necessarily guarantee a lower interest rate. In Arizona, the minimum credit score accepted is Poor (300 - 579). Tailor your search to lenders that offer favorable terms based on your credit score.

Evaluate Collateral Requirements

While most personal loans are unsecured and do not require collateral, some lenders may require it. Secured loans, backed by collateral, often come with lower interest rates due to reduced risk for the lender. Conversely, unsecured loans usually have higher interest rates. If you are concerned about high interest rates (which can reach up to 36% in Arizona), a secured personal loan might be a suitable option to explore.

Consider Origination Fees

In addition to interest charges, many lenders impose origination fees, also known as loan origination fees. These fees are typically a percentage of the total loan amount. Although the average origination fee ranges from 0.5% to 1%, it can vary among lenders. Choosing a personal loan with lower origination fees can save you money in the long run.

Compare and Select the Best Personal Loan in Arizona

Personal loans serve as a valuable financial tool to simplify your finances. To aid your research and decision-making process, conduct a side-by-side comparison of available loan options in Arizona. By considering loan characteristics such as APR, loan amount, loan term, origination fees, and credit score requirements, you can choose a loan that best suits your financial situation.

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
OneMain Financial
18 - 35.99%$1,500 - $20,0002 - 5 years$25 - $500From Poor (300-579) to Excellent (740-799)Check rates
On partner's site

Additional Tips to Increase Personal Loan Approval Odds in Arizona

At some point, you may need to borrow money, and maximizing your chances of personal loan approval is essential. To improve your approval odds in Arizona, follow these five steps:

  1. Improve Your Credit Score. Enhancing your credit score is the most effective way to increase your loan approval odds. Although the minimum credit score requirement in Arizona is Poor (300 - 579), having a higher credit score significantly enhances your chances of approval. Implement the following strategies to improve your credit score:
  • Ensure timely debt payments, as your payment history greatly impacts your credit score.
  • Keep your total credit utilization low by using only a portion of your available credit.
  • Avoid applying for new credit frequently, as multiple hard inquiries can harm your credit score.
  • Dispute any errors in your credit reports and have them rectified to increase your credit score.
  1. Increase Your Income. Lenders evaluate your debt-to-income ratio when assessing loan applications. Boosting your income can lower this ratio and improve your approval odds. Explore opportunities to increase your income, such as requesting a raise at your current job or taking on a part-time job to supplement your earnings.
  2. Minimize Additional Debt. While searching for a personal loan, refrain from taking on additional debt. Lenders perceive existing debt as a risk, which can diminish your approval odds. Instead, focus on paying off any outstanding debts. Reducing your overall debt burden enhances your financial stability and makes loan repayment more manageable.
  3. Request Realistic Loan Amounts. Lenders may be cautious when granting large loan amounts due to the associated risk. Although the maximum loan amount available in Arizona is $500,000, obtaining such a sum can be challenging. Consider requesting smaller loan amounts that align with your needs. Smaller loans carry less risk for lenders and are easier to repay. Determine the exact amount you require and request the minimum necessary. In Arizona, lenders typically offer a minimum loan amount of $100.
  4. Choose a Joint Applicant or Co-Signer. Consider involving a joint applicant or finding a co-signer to strengthen your loan application. When applying with a joint applicant, lenders evaluate both credit scores and incomes, increasing your chances of approval. Alternatively, a co-signer agrees to repay the loan if you default. Ensure that you choose a joint applicant or co-signer who is trustworthy and capable of meeting the financial obligations associated with the loan.

Conclusion

Obtaining a personal loan can be a prudent financial step, provided you are prepared for the responsibility. By implementing these strategies and tips today, you can increase your chances of being approved for a personal loan in Arizona.

FAQ

  • What is the highest interest rate on a personal loan in Arizona?

    The highest interest rate on personal loan in Arizona is 36%.
  • What is the biggest loan amount in Arizona?

    The biggest personal loan amount in Arizona is $500,000.
  • Which credit score do I need to have to get a personal loan in Arizona?

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

Author, editor

content@myfin.us

Loans in other cities in Arizona