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

Best Personal Loans in Palmdale (CA)

We have found 122 personal loans to apply for in Palmdale, 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
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
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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
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 Palmdale

Showing 5 banks
Sort by: Branches
Branches 4 bank branches
Total Assets (US$M)3,380,824,000
Branches 3 bank branches
Total Assets (US$M)1,712,535,000
Palmdale Trade & Commerce
Tuesday: 9:00 AM - 5:00 PM
Palmdale
Tuesday: 9:00 AM - 5:00 PM
East Palmdale
Tuesday: 9:00 AM - 5:00 PM
Branches 2 bank branches
Total Assets (US$M)2,440,022,000
Palmdale
Tuesday: 9:00 AM - 4:00 PM
East Palmdale
Tuesday: 9:00 AM - 4:00 PM
Branches 1 bank branches
Total Assets (US$M)582,252,757
Palmdale Ca Branch
Tuesday: 9:00 AM - 5:00 PM
Branches 1 bank branches
Total Assets (US$M)124,662,227
Palmdale Branch
39532 10Th St W Ste A, Palmdale, CA, 93551

How to Choose the Best Personal Loan in Palmdale, California?

Personal loans serve as a valuable solution to address financial gaps in your budget. When used responsibly, personal loans provide financial flexibility and contribute to improved financial well-being. Therefore, it is crucial to find a loan that aligns with your financial needs. To guide you in choosing the right personal loan in Palmdale, California, consider the following strategies:

Annual Percentage Rates (APR)

The APR is a crucial factor to consider when evaluating loan options. Unlike the simple interest rate, the APR incorporates fees into the total cost, providing a more accurate representation of what you will pay over time. Comparing APRs rather than focusing solely on interest rates enables you to identify the loan that will cost you less in the long run. In Palmdale, APRs vary from 4.49% to 36%.

Loan Amount

Research loan amount options and select a lender that offers a suitable range. In Palmdale, loans are available from $100 to $500,000. Some lenders provide the flexibility to withdraw the loan in increments, allowing you to pay interest solely on the amount utilized. Such flexibility is advantageous for projects where the required amount may fluctuate, such as home renovations or car repairs.

Monthly Payments

Ensure that the monthly payment amount comfortably fits within your budget. It is important to strike a balance between meeting your regular expenses and repaying the loan, including interest.

Credit Requirements

While most lenders prefer borrowers with good to excellent credit scores (670 or higher), some may consider individuals with poor to fair credit. Although a higher credit score does not guarantee a lower interest rate, it increases your chances of approval. In Palmdale, the lowest acceptable credit score is Poor (300 - 579). Tailor your search based on your credit score to secure the best possible loan terms.

Collateral

Most personal loans are unsecured, meaning they do not require collateral. However, some loans may necessitate collateral, resulting in lower interest rates due to reduced risk for the lender. If you wish to avoid high interest rates (which can reach up to 36% in Palmdale), a secured personal loan could be a suitable option.

Origination Fee

Consider the origination fee, which is a processing fee charged by lenders in addition to interest. It is usually a percentage of the total loan amount and varies among lenders. Opting for a personal loan with low processing fees can lead to long-term savings.

Compare and Choose the Best Personal Loan in Palmdale, California

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

These loan characteristics have been included in the table as they are vital when comparing personal loans.

To increase your personal loan approval odds in Palmdale (CA), consider the following five tips:

  1. Improve Your Credit. Enhancing your credit score is the most effective way to increase your loan approval odds. While the minimum credit score requirement in Palmdale is Poor (300 - 579), having a higher credit score improves your chances of approval. Focus on:
  • Making timely debt payments, as payment history significantly affects your credit score.
  • Maintaining low overall credit utilization, utilizing a smaller portion of your total credit limit.
  • Minimizing new credit applications, as excessive hard inquiries can harm your credit score.
  • Disputing any errors on your credit report to rectify inaccuracies and boost your credit score.
  1. Increase Your Income. Lenders consider your debt-to-income ratio when evaluating approval. Increasing your income improves your chances of loan approval. Explore options such as negotiating a raise or taking on a part-time job to generate additional income. A higher income lowers your debt-to-income ratio and enhances your odds of approval.
  2. Avoid New Debt. While applying for a personal loan, refrain from acquiring new debt. Lenders perceive existing debt as a risk factor, potentially reducing your approval odds. Pay off current debts and avoid taking on new ones to demonstrate financial stability. The less debt you have, the easier it will be to secure a personal loan.
  3. Set Realistic Loan Amounts. Lenders may be cautious about approving large loan amounts due to increased risk. In Palmdale, the maximum loan amount available is $500,000, but obtaining this sum can be challenging. Focus on smaller loan amounts that pose less risk to lenders. Calculate the precise amount you need and request the minimum required. The minimum loan amount offered in Palmdale is $100.
  4. Consider a Joint Applicant. Boost your approval odds by applying with a joint applicant. Lenders consider both credit scores and incomes of joint applicants. Alternatively, seek a co-signer who agrees to pay off the loan if you default. Ensure you trust your joint applicant or co-signer, as your financial matters will be linked.

Conclusion

In conclusion, preparing for the possibility of a personal loan and taking steps to maximize your approval odds is essential. By implementing these strategies in Palmdale, you can increase your chances of being approved for a personal loan.

FAQ

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

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

What is the biggest loan amount in Palmdale, California?

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

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

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

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