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

Best Personal Loans in Waterbury (CT)

We have found 108 personal loans to apply for in Waterbury, CT. Add more criteria to compare personal loans and find the best one for you.

By Myfin Team
Updated March 28, 2024
Showing 108 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
5.4 - 35.99 %
Term
1 - 7years
Loan amount
$600 - $100,000
  • Minimum credit:
    scorer
    Good (670-739)
  • Origination fee:
    Depends on the lender
  • Funds available in:
    24 hours
  • Loan Purpose:
    Personal Loan
  • Pros:
    • Checking rates will not affect your credit score
    • Personal information is not sold to lenders
    • Available rates and lenders will appear based on preferred settings, with no bias
    • Receive actual rates based on your credit profile, not estimates
  • Cons:
    • Not a direct lender

Credible.com is a financial marketplace that helps thousands of Americans to get personal loans at the best rates they qualify for.

On Credible.com you can apply for a personal loan of up to $100,000. Then it will match your application with offers on the market and help you to find the lowest rate, based on your credit profile.

Credible.com is free to use and doesn't have any hidden fees.

See Credible full product review
Check rates
On Credible.com
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.
Search for best loan
Showing 108 personal loans
Amount
$
Credit Score
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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 Waterbury

Showing 5 banks
Sort by: Branches
Branches 6 bank branches
Total Assets (US$M)67,468,299
Chase Avenue Branch
5 Wigwam Avenue, Waterbury, CT, 6704
Reidville Branch
364 Reidville Drive, Waterbury, CT, 6705
Webster Bank, National Association
Webster Plaza, Waterbury, CT, 6702
Show all departments
Branches 3 bank branches
Total Assets (US$M)405,223,010
Td Bank Robinwood
Thursday: 8:30 AM - 6:00 PM
Td Bank Waterbury Downtown
Thursday: 8:30 AM - 6:00 PM
Td Bank Waterbury Plaza
Thursday: 8:30 AM - 6:00 PM
Branches 3 bank branches
Total Assets (US$M)1,712,535,000
Waterbury Town Plot
Thursday: 9:00 AM - 5:00 PM
Valley Mall
Thursday: 9:00 AM - 5:00 PM
Waterbury Plaza
Thursday: 9:00 AM - 5:00 PM
Branches 2 bank branches
Total Assets (US$M)2,440,022,000
Chase & Cooke
Thursday: 9:00 AM - 4:00 PM
Branches 2 bank branches
Total Assets (US$M)93,871,794
Waterbury Central Branch
172 Chase Avenue, Waterbury, CT, 6704
East End Branch
105 Meriden Rd, Waterbury, CT, 6705

How to choose the best personal loan in Waterbury, Connecticut?

Сhoosing the best personal loan in Waterbury requires careful consideration and preparation. When used responsibly, personal loans can provide financial flexibility and improve your overall financial health. It is essential to find a loan that aligns with your financial situation and needs.

Here are some strategies for comparing and selecting the right personal loan in Waterbury, Connecticut:

Annual Percentage Rates (APR)

The APR is a crucial factor to consider as it provides a more accurate representation of the total cost of the loan, including fees. Comparing APRs rather than just interest rates helps identify the loan that will be more cost-effective in the long run. In Waterbury, the APR can range from 4.49% to 36%.

Loan Amount

Research loan amount options and choose a lender that offers the desired loan size. In Waterbury, loans are available from $100 to $500,000. Look for lenders that offer flexibility, allowing you to withdraw the loan in parts and pay interest only on the utilized amount. This feature is particularly useful for projects like home renovations or car repairs where the funding requirements may vary over time.

Monthly Payments

Ensure that the monthly payment fits comfortably within your budget. It is crucial to be able to cover your regular expenses while meeting loan repayment obligations, including interest.

Credit Requirements

While most lenders prefer borrowers with good to excellent credit scores (670 or higher), some lenders may accept individuals with poor to fair credit. Having a higher credit score increases your chances of approval, but it does not guarantee a lower interest rate. Customize your search to lenders that accommodate your credit score to secure the best loan terms available. The lowest acceptable credit score in Waterbury is Poor (300 - 579).

Collateral

While most personal loans are unsecured and do not require collateral, some loans may require it. Secured loans often come with lower interest rates as the lender has collateral to mitigate risk. On the other hand, unsecured loans generally have higher interest rates. If you are concerned about high interest rates, consider a secured personal loan.

Origination Fee

Take into account the processing fees charged by lenders in addition to interest charges. The loan origination fee is typically a percentage of the total loan amount. Comparing origination fees can help you choose a personal loan with lower overall costs. Typical origination fees range from 0.5% to 1% of the loan amount, but specific amounts may vary between lenders.

Compare and choose the best personal loan in Waterbury

To compare and choose the best personal loan in Waterbury, utilize the provided table, which highlights essential loan characteristics for easy comparison. This side-by-side comparison will assist you in selecting a loan that offers optimal terms for your financial situation.

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
Credible
5.4 - 35.99%$600 - $100,0001 - 7 yearsDepends on the lenderFrom Good (670-739) to Excellent (740-799)Check rates
On Credible.com

Tips for increasing personal loan approval odds in Waterbury, Connecticut

To increase your personal loan approval odds in Waterbury, Connecticut, follow these five simple tips:

  1. Get Your Credit in Shape. Improve your credit score by making timely debt payments, maintaining low credit utilization, minimizing credit applications, and disputing any errors on your credit report.
  2. Increase Your Income. Enhance your debt-to-income ratio by increasing your income. Consider negotiating a raise at your current job or taking on part-time work to boost your earnings. A higher income reduces the risk for lenders and improves your odds of loan approval.
  3. Avoid New Debt. Avoid taking on new debt while searching for a personal loan. Lenders view additional debt as a risk factor, so paying off existing debts and avoiding new ones demonstrates financial stability and improves your chances of loan approval.
  4. Be Realistic About Loan Amounts. Lenders are generally cautious about approving large loan amounts due to increased risk. Focus on realistic loan amounts that align with your financial capacity. Smaller loan amounts are less risky for lenders and increase the likelihood of approval. Determine the exact amount you need and request the minimum required loan amount. In Waterbury, lenders typically offer a minimum loan amount of $100.
  5. Consider Joint Applicants. Explore the option of applying with a joint applicant or finding a co-signer. Lenders consider both credit scores and incomes of joint applicants, increasing your chances of approval. However, ensure that you trust and have a reliable relationship with your joint applicant or co-signer, as your financial matters will be interconnected.

Conclusion

In conclusion, taking proactive steps today can maximize your chances of being approved for a personal loan in Waterbury, Connecticut. By following all our strategies, you can find a personal loan that suits your financial needs and objectives.

FAQ

What is the highest interest rate on a personal loan in Waterbury, Connecticut?

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

What is the biggest loan amount in Waterbury, Connecticut?

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

What credit score do I need to have to get a personal loan in Waterbury, Connecticut?

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

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content@myfin.us

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