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

Best Personal Loans in Daly City (CA)

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

By Myfin Team
Updated December 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
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
$3,000 - $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
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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 Daly City

Showing 5 banks
Sort by: Branches
Branches 3 bank branches
Total Assets (US$M)2,440,022,000
Daly City-colma
Thursday: Closed
Westlake
Thursday: 9:00 AM - 4:00 PM
Serramonte Plaza
Thursday: 9:00 AM - 4:00 PM
Branches 3 bank branches
Total Assets (US$M)3,380,824,000
Southgate
Thursday: 9:00 AM - 5:00 PM
Junipero Serra
Thursday: 9:00 AM - 5:00 PM
Gellert Blvd
Thursday: 9:00 AM - 5:00 PM
Branches 3 bank branches
Total Assets (US$M)1,712,535,000
Within Mission Plaza Daly City  
Thursday: 10:00 AM - 5:00 PM
Within Westlake Mall  
Thursday: 10:00 AM - 5:00 PM
Serramonte
Thursday: 9:00 AM - 5:00 PM
Branches 2 bank branches
Total Assets (US$M)94,491,881
Westlake Branch
239 Westlake Center, Daly City, CA, 94015
Serramonte Branch
321 Gellert Blvd, Daly City, CA, 94015
Branches 1 bank branches
Total Assets (US$M)582,252,757
Serramonte Branch
Thursday: 9:00 AM - 5:00 PM

Choosing the Best Personal Loan in Daly City, California

Personal loans can serve as a valuable tool to bridge financial gaps and improve overall financial well-being. To ensure the loan aligns with your needs, it is essential to carefully select the right personal loan in Daly City, California. This comprehensive guide provides strategies for comparing and choosing the optimal personal loan option.

Annual Percentage Rates (APR)

The Annual Percentage Rate (APR) plays a pivotal role in assessing a loan's cost, including fees. Comparing APRs provides a more accurate understanding of the total expense compared to relying solely on the interest rate. In Daly City, APRs range from 4.49% to 36%.

Loan Amount

Research loan amount options and choose a lender offering a substantial sum. In Daly City, loans are available from $100 to $500,000. Seek lenders that provide flexibility, allowing partial loan withdrawals and interest payment solely on the utilized amount. Such flexibility is particularly beneficial for projects with fluctuating expenses, like home renovations or car repairs.

Monthly Payments

Ensure that the monthly payment comfortably fits within your budget, allowing you to meet other financial obligations while repaying the loan and interest.

Credit Requirements

While most lenders prefer borrowers with good to excellent credit scores (670 or higher), some lenders accept individuals with poor to fair credit. While a high credit score does not guarantee a lower rate, it enhances approval chances. The minimum acceptable credit score in Daly City is Poor (300 - 579). Tailor your search to lenders offering favorable terms based on your credit score.

Collateral

Most personal loans in Daly City are unsecured, requiring no collateral. However, some loans may necessitate collateral. Secured loans typically offer lower interest rates due to reduced risk for the lender. In contrast, unsecured loans often have higher interest rates. If you aim to avoid high interest rates (which can reach 36% in Daly City), a secured personal loan might be a suitable option.

Origination Fee

In addition to interest, most lenders charge processing fees, commonly referred to as loan origination fees. These fees are typically a percentage of the total loan amount. Although origination fees generally range from 0.5% to 1%, the exact amounts vary among lenders. Opt for a personal loan with low processing fees to minimize long-term costs.

Comparing and Choosing the Best Personal Loan in Daly City, California

Perform a side-by-side comparison of available loan options in Daly City to make an informed decision. Evaluate the important loan characteristics provided in the table to effectively compare 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

Simple Tips to Increase Personal Loan Approval Odds in Daly City, California

  1. Improve Your Credit Score. Enhancing your credit score is the most effective way to increase loan approval odds. While the minimum credit score requirement in Daly City is Poor (300 - 579), a higher credit score improves the likelihood of approval. Improve your credit score by making timely debt payments, maintaining low credit utilization, minimizing new credit applications, and disputing any errors in your credit reports.
  2. Boost Your Income. Lenders consider your debt-to-income ratio when evaluating applications. Increasing your income enhances approval chances. Explore opportunities such as requesting a raise at your current job or taking on a part-time job to supplement your earnings. A higher income lowers your debt-to-income ratio and improves your odds.
  3. Minimize New Debt. Avoid taking on new debt while applying for a personal loan, as it raises perceived risk to lenders. Focus on paying off existing debts to demonstrate financial stability and improve approval odds.
  4. Set Realistic Loan Amounts. Requesting smaller loan amounts improves the likelihood of approval, as smaller loans pose less risk to lenders. Assess your financial needs carefully and request only the minimum amount required. In Daly City, the minimum loan amount offered by lenders is $100, while the maximum is $500,000.
  5. Consider a Joint Applicant. Explore the option of a joint applicant, as lenders consider both credit scores and incomes. Alternatively, you may secure a co-signer who agrees to repay the loan in case of default. Choose a joint applicant or co-signer carefully, as your financial situations will be linked.

Conclusion

Being well-prepared and proactive is crucial when selecting a personal loan in Daly City. By following the strategies outlined in this guide and taking action today, you can maximize your chances of securing a personal loan that aligns with your financial needs.

FAQ

What is the highest interest rate on a personal loan in Daly City, California?

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

What is the biggest loan amount in Daly City, California?

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

What credit score do I need to have to get a personal loan in Daly City, California?

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

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