Best Personal Loans in Fresno (CA)
We have found 122 personal loans to apply for in Fresno, CA. Add more criteria to compare personal loans and find the best one for you.
- Minimum credit: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.
- Minimum credit: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.
- Minimum credit: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%.
- Minimum credit: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.
- Minimum credit: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.
- Minimum credit: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.
- Minimum credit: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.
- Minimum credit: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.
- Minimum credit: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).
- Minimum credit: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.
TOP 5 banks offering personal loans in Fresno
- Bank name
- Total Assets
- Branches
How to choose the best personal loan in Fresno, California?
Personal loans can be a great way to get the money you need to pay for unexpected expenses, consolidate debt, or make a major purchase. However, it's important to compare different lenders and loan terms before you choose a personal loan in Fresno, California.
Here are some factors to consider:
Annual Percentage Rate (APR)
The APR is the total cost of borrowing money, expressed as a percentage of the loan amount. It includes the interest rate, fees, and other charges. When comparing loans, it is important to look at the APR, not just the interest rate. The APR will give you a better idea of how much the loan will cost you in the long run.
Loan Amount
The loan amount is the total amount of money you can borrow. It is important to choose a loan amount that is large enough to cover your expenses, but not so large that you will have trouble making the monthly payments.
Monthly Payments
The monthly payment is the amount of money you will have to pay each month to repay the loan. It is important to make sure that the monthly payment fits comfortably within your budget. You should consider your ability to cover the loan payment along with other financial obligations.
Credit Requirements
Most lenders prefer borrowers with good to excellent credit scores (670 or higher). However, some lenders accept borrowers with poor to fair credit. While a higher credit score increases your chances of approval and favorable terms, it is important to tailor your search to lenders that cater to your credit score range. In Fresno, the lowest acceptable credit score is Poor (300 - 579).
Collateral
Personal loans can be secured or unsecured. Secured loans require collateral, which lowers the lender's risk and often results in lower interest rates. Unsecured loans don't require collateral but may have higher interest rates. If you want to avoid high interest rates (up to 36% in Fresno), a secured personal loan might be an option.
Origination Fee
Many lenders charge origination fees, which are usually a percentage of the loan amount. It is important to compare the origination fees among lenders to save money in the long run. Fees typically range from 0.5% to 1% of the loan amount.
Compare and choose the best personal loan in Fresno, California
Consider the following lenders offering personal loans in Fresno, along with their APR, loan amounts, loan terms, origination fees, and credit score requirements:
| Lender | APR | Loan Amount | Loan term | Origination Fee | Score Required | Apply |
|---|---|---|---|---|---|---|
LightStream | 6.49 - 21.99% | $5,000 - $100,000 | 2 - 6 years | No 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 - $40,000 | 3 - 6 years | No origination fee. | From Fair (580-669) to Excellent (740-799) | Check rates On partner's site |
Upstart | 5.6 - 35.99% | $1,000 - $50,000 | 3 - 5 years | 10% | From Poor (300-579) to Excellent (740-799) | Check rates On partner's site |
Payoff® | 8.99 - 29.99% | $5,000 - $40,000 | 2 - 5 years | 5% | From Good (670-739) to Excellent (740-799) | Check rates On partner's site |
LendingClub | 8.3 - 36% | $1,000 - $40,000 | 3 - 5 years | 3 - 6% | From Poor (300-579) to Excellent (740-799) | Check rates On partner's site |
SoFi | 8.24 - 23.68% | $5,000 - $100,000 | 2 - 7 years | No origination fee. | From Good (670-739) to Excellent (740-799) | Check rates On partner's site |
Avant | 9.95 - 35.95% | $2,000 - $35,000 | 1 - 5 years | 4.75% | From Poor (300-579) to Excellent (740-799) | Check rates On partner's site |
Prosper | 7.95 - 35.99% | $2,000 - $40,000 | 3 - 5 years | 2.41 - 5% | From Fair (580-669) to Excellent (740-799) | Check rates On partner's site |
Best Egg | 7.99 - 35.99% | $2,000 - $50,000 | 3 - 5 years | 0.99 - 8.99% | From Good (670-739) to Good (670-739) | Check rates On partner's site |
OneMain Financial | 18 - 35.99% | $1,500 - $20,000 | 2 - 5 years | $25 - $500 | From Poor (300-579) to Excellent (740-799) | Check rates On partner's site |
How to Increase Your Personal Loan Approval Odds in Fresno, California
- Improve your credit score. The higher your credit score, the more likely you are to be approved for a personal loan and the lower your interest rate will be. There are a few things you can do to improve your credit score, such as making all your payments on time, keeping your credit utilization low, and disputing any errors on your credit report.
- Increase your income. Lenders will also look at your income when deciding whether to approve you for a loan. If you can increase your income, you will be more likely to be approved for a larger loan and a lower interest rate. You can increase your income by getting a raise, getting a part-time job, or starting a side hustle.
- Avoid new debt. Lenders don't like to see people who are already in debt taking on more debt. If you are applying for a personal loan, try to avoid taking on any new debt in the months leading up to your application. This will show lenders that you are serious about paying off your debt.
- Be realistic about the loan amount you need. Lenders are more likely to approve you for a loan if you are only asking for the amount you need. Don't ask for more money than you need, as this will make you look like a risky borrower.
- Consider a co-signer. If you have bad credit, you may want to consider getting a co-signer on your loan. A co-signer is someone who has good credit and is willing to agree to be responsible for the loan if you default. Having a co-signer can make it much easier to get approved for a loan and get a lower interest rate.
- Shop around for the best interest rate. Not all lenders offer the same interest rates. It's important to shop around and compare interest rates from different lenders before you choose a loan. You can use online tools to compare interest rates from different lenders.
- Read the fine print. Before you sign any loan documents, be sure to read the fine print and understand all the terms of the loan. This includes the interest rate, the repayment period, and any fees associated with the loan.
By following these tips, you can increase your chances of getting approved for a personal loan in Fresno, California.
Conclusion
When choosing a personal loan in Fresno, it's essential to consider factors such as APR, loan amount, monthly payments, credit requirements, collateral, and origination fees. Compare different lenders to find the loan with the best terms for your financial situation. Additionally, take steps to improve your approval odds, such as improving your credit, increasing your income, avoiding new debt, and considering joint applicants or co-signers. By following these tips, you can increase your chances of securing a personal loan that meets your needs.