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

Best Personal Loans in Lancaster (CA)

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

By Myfin Team
Updated December 03, 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
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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
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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
$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
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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
  • Lancaster, CA
  • Alabama
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  • Washington
  • 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 Lancaster

Showing 5 banks
Sort by: Branches
Branches 4 bank branches
Total Assets (US$M)3,380,824,000
Challenger Way
Tuesday: 9:00 AM - 5:00 PM
Lancaster Blvd
Tuesday: 9:00 AM - 5:00 PM
Avenue L And 40th St W
Tuesday: 9:00 AM - 5:00 PM
Show all departments
Branches 4 bank branches
Total Assets (US$M)1,712,535,000
Within Quartz Hill Towne Center  
Tuesday: 10:00 AM - 5:00 PM
Lancaster
Tuesday: 9:00 AM - 5:00 PM
Within Twentieth Street W & Ave K  
Tuesday: 10:00 AM - 5:00 PM
Show all departments
Branches 3 bank branches
Total Assets (US$M)2,440,022,000
10th-k
Tuesday: 9:00 AM - 4:00 PM
East Lancaster
Tuesday: 9:00 AM - 4:00 PM
Quartz Hill
Tuesday: 9:00 AM - 4:00 PM
Branches 3 bank branches
Total Assets (US$M)582,252,757
Valley Central Ca Branch
Tuesday: 9:00 AM - 5:00 PM
West Lancaster Ca Branch
Tuesday: 9:00 AM - 5:00 PM
Branches 1 bank branches
Total Assets (US$M)87,783,903
Lancaster
831 West Lancaster Boulevard, Lancaster, CA, 93534

Choosing the Best Personal Loan in Lancaster, California

When it comes to managing your finances, personal loans can be a valuable tool for bridging gaps in your budget. Used wisely, a personal loan can provide financial flexibility and improve your overall financial health. However, finding the right loan that aligns with your financial situation is crucial. To help you make an informed decision, here are some strategies for comparing and selecting the best personal loan in Lancaster.

Consider the Annual Percentage Rates (APR)

The annual percentage rate (APR) is a vital factor to consider when evaluating loan options. Unlike the simple interest rate, the APR includes fees, providing a more accurate estimation of the overall cost. Comparing APRs can help you determine which loan will be more expensive in the long run. In Lancaster, APRs typically range from 4.49% to 36%.

Assess Loan Amounts

While you may not have an exact figure in mind, researching loan amount options is beneficial. Look for lenders that offer a substantial range of loan amounts. In Lancaster, you can find loans ranging from $100 to $500,000. Some lenders even allow partial withdrawals, enabling you to pay interest only on the funds you use. This flexibility is especially useful for projects with uncertain financial requirements, such as home renovations or car repairs.

Evaluate Monthly Payments

Consider the monthly payment amount and ensure it comfortably fits within your budget. You should be able to cover your regular expenses while also repaying the loan, including the interest.

Review Credit Requirements

Most lenders prefer borrowers with good to excellent credit scores (typically 670 or higher). However, some lenders are willing to accept individuals with poor to fair credit. While a high credit score doesn't guarantee better rates, it does increase your chances of approval. In Lancaster, the minimum acceptable credit score is poor (300 - 579). Tailor your search to lenders that align with your credit score to secure the best possible loan terms.

Explore Collateral Options

While most personal loans are unsecured, some may require collateral. Secured loans generally have lower interest rates as they pose less risk to lenders. On the other hand, unsecured loans often come with higher interest rates. If you wish to avoid high interest rates (which can reach up to 36% in Lancaster), a secured personal loan might be worth considering.

Consider Origination Fees

In addition to interest charges, lenders often impose processing fees, also known as origination fees. These fees are typically a percentage of the total loan amount and vary among lenders. Choosing a personal loan with low processing fees can save you money in the long run.

Compare and Choose the Best Personal Loan in Lancaster, California

Personal loans are a useful financial tool that can simplify your financial situation. Conduct a side-by-side comparison of available loan offers in Lancaster to select a loan with favorable terms for your specific needs.

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

To increase your odds of personal loan approval in Lancaster, CA, follow these five simple tips:

  1. Improve Your Credit. Enhance your credit score to increase the likelihood of approval. Pay your debts on time, keep credit utilization low, limit new credit applications, and dispute any errors on your credit report.
  2. Boost Your Income. Lenders consider your debt-to-income ratio when assessing loan applications. Increasing your income, either by requesting a raise or taking on a part-time job, can improve your chances of approval.
  3. Minimize Debt. Avoid accumulating new debt while searching for a personal loan. Lenders view existing debts as a risk, so reducing your debt load can enhance your approval chances. Pay off any outstanding debts and refrain from acquiring new ones.
  4. Be Realistic About Loan Amounts. Requesting a higher loan amount increases the lender's risk. To improve approval odds, ask for the minimum required amount. Smaller loans carry less risk and are easier to repay.
  5. Consider Joint Applicants. You can improve your chances by including a joint applicant. Lenders evaluate the credit scores and incomes of both applicants. Alternatively, a co-signer can provide additional security for the loan, but ensure you trust their financial reliability.

Conclusion

Personal loans require careful consideration and preparation. By implementing these strategies, you can maximize your chances of approval and secure a personal loan that suits your needs. Start working on these steps today to enhance your odds of being approved for a personal loan in Lancaster, California.

FAQ

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

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

What is the biggest loan amount in Lancaster, California?

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

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

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

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