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

Best Personal Loans in Peoria (AZ)

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

By Myfin Team
Updated November 07, 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.
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Showing 122 personal loans
Amount
$
Credit Score
City, state or Zip
  • Peoria, AZ
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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 Peoria

Showing 5 banks
Sort by: Branches
Branches 6 bank branches
Total Assets (US$M)3,380,824,000
Beardsley And 83rd Ave
Thursday: 9:00 AM - 5:00 PM
Peoria And 99th
Thursday: 9:00 AM - 5:00 PM
Bell Rd And 77th Ave
Thursday: 9:00 AM - 5:00 PM
Show all departments
Branches 4 bank branches
Total Assets (US$M)582,252,757
83rd Ave Safeway Branch
Thursday: 10:00 AM - 6:00 PM
Happy Valley & Lake Pleasant Branch
Thursday: 9:00 AM - 4:00 PM
Lake Pleasant Az Fry's Branch
Thursday: 10:00 AM - 6:00 PM
Show all departments
Branches 3 bank branches
Total Assets (US$M)1,712,535,000
75th & Cactus
Thursday: 9:00 AM - 5:00 PM
83rd & Lake Pleasant
Thursday: 9:00 AM - 5:00 PM
Happy Valley & Lake Pleasant
Thursday: 9:00 AM - 5:00 PM
Branches 3 bank branches
Total Assets (US$M)87,218,368
Lake Pleasant & Beardsley Branch
20263 North Lake Pleasant Road, Peoria, AZ, 85382
75th & Thunderbird Branch
13950 North 75Th Avenue, Peoria, AZ, 85381
107th & Olive Branch
10633 West Olive Avenue, Peoria, AZ, 85345
Branches 2 bank branches
Total Assets (US$M)33,075,693
75th & Cactus Branch
7485 W. Cactus Rd., Peoria, AZ, 85345
Lake Pleasant Branch
24810 North Lake Pleasant Parkway, Peoria, AZ, 85383

How to Select the Best Personal Loan in Peoria, Arizona?

Personal loans serve as a valuable financial tool to bridge budget gaps and improve financial well-being when used wisely. To choose the optimal personal loan in Peoria, Arizona, it's crucial to consider various factors and compare lenders.

Here are effective strategies for selecting the right personal loan in Peoria:

  1. Annual Percentage Rates (APR). When evaluating loans, pay attention to the Annual Percentage Rate (APR), which includes both interest rates and fees. Comparing APRs rather than focusing solely on interest rates helps determine the loan's long-term cost. In Peoria, APRs range from 4.49% to 36%.
  2. Loan Amount. Research loan amount options to find a lender offering the desired sum. Personal loans in Peoria can range from $100 to $500,000. Look for lenders that allow partial withdrawals, enabling you to pay interest only on the amount utilized. This flexibility is beneficial for projects with varying fund requirements, such as home renovations or car repairs.
  3. Monthly Payments. Ensure that the monthly payment fits comfortably within your budget, allowing you to fulfill financial obligations while repaying the loan and interest.
  4. Credit Requirements. Most lenders prefer borrowers with good to excellent credit scores (670 or higher), although some accept poor to fair credit. While a high credit score doesn't guarantee a lower interest rate, it increases the likelihood of approval. The minimum credit score accepted in Peoria is Poor (300 - 579). Tailor your search to lenders offering terms suitable for your credit score range.
  5. Collateral. While personal loans are typically unsecured, some may require collateral. Secured loans often have lower interest rates as the collateral reduces the lender's risk. Unsecured loans generally come with higher interest rates. To avoid high interest rates (up to 36% in Peoria), consider a secured personal loan.
  6. Origination Fee. Many lenders charge origination fees, covering processing costs in addition to interest charges. The fee is usually a percentage of the loan amount, typically ranging from 0.5% to 1%. Opt for a personal loan with low origination fees for long-term cost savings.

Compare and choose the best personal loan in Peoria, Arizona

To facilitate your decision-making process, utilize the provided side-by-side loan comparison table, focusing on the essential loan characteristics 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 Peoria, Arizona

  1. Improve Your Credit Score. Elevating your credit score is the most effective way to boost approval chances. While the minimum requirement is Poor (300 - 579) in Peoria, a higher credit score enhances the likelihood of approval. Strategies to improve your credit score include making timely debt payments, maintaining a low credit utilization rate, minimizing new credit applications, and disputing credit report errors.
  2. Increase Your Income. Lenders consider your debt-to-income ratio when evaluating loan applications. Increasing your income through negotiation or part-time employment lowers the ratio and improves approval chances.
  3. Avoid New Debt. Refrain from acquiring additional debt while applying for a personal loan. Lenders view new debt as a risk factor, impacting approval odds. Focus on paying off existing debts and demonstrating financial responsibility to ease loan repayment.
  4. Set Realistic Loan Amounts. Requesting larger loan amounts increases the lender's risk. While the maximum loan amount in Peoria is $500,000, obtaining such a substantial sum can be challenging. Opt for smaller loan amounts aligned with your needs and repayment capabilities. Smaller loans are less risky for lenders and easier to repay. Determine the exact amount required and request the minimum necessary. In Peoria, lenders typically offer a minimum loan amount of $100.
  5. Seek a Joint Applicant or Co-Signer. Involving a joint applicant allows lenders to assess both credit scores and incomes, increasing approval chances. Alternatively, a co-signer agrees to repay the loan if you default. Choose a joint applicant or co-signer who is trustworthy and financially capable of meeting the loan obligations.

Conclusion

In conclusion, being prepared when applying for a personal loan in Peoria, AZ is crucial. By following these steps, you can maximize approval odds and secure a personal loan aligned with your financial situation. Start taking action today to increase your chances of loan approval.

Here are some additional tips to help you prepare for a personal loan application:

  • Get pre-approved for a loan before you start shopping. This will give you an idea of how much you can borrow and what your interest rate will be.
  • Compare offers from multiple lenders. Don't just go with the first lender you find. Compare interest rates, fees, and terms from multiple lenders to find the best deal.
  • Make sure you can afford the monthly payments. Before you take out a personal loan, make sure you can afford the monthly payments. Don't borrow more than you can afford to repay.
  • Read the fine print. Before you sign any loan documents, be sure to read the fine print and understand all the terms and conditions.

By following these tips, you can increase your chances of getting approved for a personal loan and getting the best possible terms.

FAQ

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

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

What is the biggest loan amount in Peoria, Arizona?

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

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

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

Author, editor

content@myfin.us

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