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

Best Personal Loans in Gilbert (AZ)

We have found 122 personal loans to apply for in Gilbert, AZ. Add more criteria to compare personal loans and find the best one for you.

By Myfin Team
Updated June 12, 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
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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
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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
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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.
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Showing 122 personal loans
Amount
$
Credit Score
City, state or Zip
  • Gilbert, AZ
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  • Wisconsin
  • West Virginia
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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 Gilbert

Showing 5 banks
Sort by: Branches
Branches 9 bank branches
Total Assets (US$M)3,380,824,000
Higley And Guadalupe
Wednesday: 9:00 AM - 5:00 PM
Germann And Power
Wednesday: 9:00 AM - 5:00 PM
Power And Ray
Wednesday: 9:00 AM - 5:00 PM
Show all departments
Branches 4 bank branches
Total Assets (US$M)2,440,022,000
Val Vista & Elliot
Wednesday: 9:00 AM - 4:00 PM
Gilbert & Warner
Wednesday: Closed
Gilbert & Germann
Wednesday: 9:00 AM - 4:00 PM
Show all departments
Branches 4 bank branches
Total Assets (US$M)1,712,535,000
Branches 4 bank branches
Total Assets (US$M)87,218,368
Warner & Gilbert Branch
630 South Gilbert Road, Gilbert, AZ, 85296
Higley & Baseline Branch
5115 East Baseline Road, Gilbert, AZ, 85234
Elliot & Val Vista Branch
77 South Val Vista Drive, Gilbert, AZ, 85296
Show all departments
Branches 3 bank branches
Total Assets (US$M)582,252,757
East Baseline Safeway Branch
Wednesday: 10:00 AM - 6:00 PM
Gilbert Az Branch
Wednesday: 9:00 AM - 4:00 PM
Gilbert Fry's Branch
Wednesday: 10:00 AM - 6:00 PM

How to choose the best personal loan in Gilbert, Arizona?

Choosing the ideal personal loan in Gilbert, Arizona requires careful evaluation and aligning it with your financial requirements. When used wisely, personal loans can be a valuable tool to bridge budget gaps and improve your overall financial well-being. To assist you in making an informed decision, here are effective strategies for comparing and choosing the right personal loan in Gilbert.

Annual Percentage Rates (APR)

When assessing loans, one of the key factors to consider is the Annual Percentage Rate (APR). The APR provides a more comprehensive view of the total cost, including fees, in addition to the interest rate. By comparing APRs instead of solely focusing on interest rates, you can identify the loan that offers the best long-term value.

In Gilbert, APRs range from 4.49% to 36%.

Loan Amount

Since you may not have a specific amount in mind, it is essential to research loan options and choose a lender that offers a wide range of loan amounts. In Gilbert, you can find loans ranging from $100 to $500,000. Some lenders even offer the flexibility to withdraw funds in parts, allowing you to pay interest only on the amount you utilize. This feature is particularly advantageous for projects where the required funds vary over time, such as home renovations or car repairs.

Monthly Payments

It is crucial to ensure that the monthly payment amount comfortably fits within your budget. It should allow you to meet your other financial obligations while repaying the loan, including the interest.

Credit Requirements

While most lenders prefer borrowers with good to excellent credit scores (670 or higher), some lenders may consider those with poor to fair credit. Although a high credit score does not guarantee a lower interest rate, it enhances your chances of approval. The minimum acceptable credit score in Gilbert is Poor (300 - 579). Tailor your search to lenders offering loan terms suitable for your credit score range.

Collateral

While most personal loans are unsecured and do not require collateral, some loans may necessitate it. Secured loans typically offer lower interest rates as the collateral reduces the lender's risk. On the other hand, unsecured loans generally come with higher interest rates. If you wish to avoid high interest rates (which can reach 36% in Gilbert), considering a secured personal loan could be an option.

Origination Fee

Many lenders impose origination fees, covering processing costs in addition to interest charges. Typically, these fees are a percentage of the total loan amount, ranging from 0.5% to 1%. Opting for a personal loan with low origination fees can lead to long-term cost savings.

Compare and choose the best personal loan in Gilbert, Arizona

The side-by-side comparison of all loan offers available in Gilbert will help you when choosing a loan with good terms for your financial situation. It includes essential loan characteristics that we consider significant when comparing 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
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

5 simple tips for increasing personal loan approval odds in Gilbert, Arizona

To enhance your chances of personal loan approval in Gilbert, follow these five simple tips:

  1. Improve Your Credit Score. Elevating your credit score is the most effective way to increase your approval odds. While Gilbert's minimum credit score requirement is Poor (300 - 579), having a higher credit score improves your chances. Strategies to improve your credit score include making timely debt payments, maintaining a low credit utilization rate, minimizing new credit applications, and disputing any errors in your credit reports.
  2. Increase Your Income. Lenders assess your debt-to-income ratio when considering approval. To improve your chances, seek opportunities to increase your income. This can be achieved through options such as negotiating a raise at your current job or taking on a part-time job. A higher income reduces your debt-to-income ratio and enhances your approval odds.
  3. Avoid New Debt. Refrain from acquiring additional debt while applying for a personal loan. Lenders view new debt as a risk factor, which negatively impacts your approval chances. Focus on paying off existing debts and demonstrate financial responsibility. Minimizing debt makes loan repayment more manageable.
  4. Set Realistic Loan Amounts. Requesting larger loan amounts increases the lender's risk. Although the maximum loan amount available in Gilbert is $500,000, obtaining such a substantial sum can be challenging. Opt for smaller loan amounts that align with your needs and repayment capacity. Smaller loans are less risky for lenders and easier to repay. Determine the exact amount you require and request the minimum necessary. In Gilbert, lenders typically offer a minimum loan amount of $100.
  5. Seek a Joint Applicant or Co-Signer. Consider involving a joint applicant or finding a co-signer to strengthen your loan application. Applying with a joint applicant allows lenders to assess both credit scores and incomes, increasing your approval chances. Alternatively, a co-signer agrees to repay the loan if you default. Ensure that your joint applicant or co-signer is trustworthy and financially capable of meeting the loan obligations.

Conclusion

In conclusion, being prepared for a personal loan application in Gilbert is crucial. By following these steps, you can maximize your approval odds and secure a personal loan that aligns with your financial situation. Take action today to increase your chances of being approved for a personal loan.

FAQ

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

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

What is the biggest loan amount in Gilbert, Arizona?

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

What credit score do I need to have to get a personal loan in Gilbert, Arizona?

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

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