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

Best Personal Loans in Florida

We have found 121 personal loans in Florida. Compare and choose the best loan for your purpose.

By Myfin Team
Updated May 18, 2024
Showing 121 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
$1,500 - $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.
Search for best loan
Showing 121 personal loans
Amount
$
Credit Score
City, state or Zip
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
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  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
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  • North Carolina
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  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming
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 Florida

Showing 5 banks
Sort by: Branches
Branches 611 bank branches
Total Assets (US$M)532,080,000
Sawgrass Branch
100 Sawgrass Corners Drive, Ponte Vedra Beach, FL, 32082
Ponte Vedra Branch
625 Sr A1A N, Ponte Vedra Beach, FL, 32082
Fleming Island Branch
1711 Eagle Harbor Parkway, Orange Park, FL, 32003
Show all departments
Branches 493 bank branches
Total Assets (US$M)1,712,535,000
Palm Valley
3795 Palm Valley Rd, Ponte Vedra Beach, FL, 32082
Saturday: Closed
Sawgrass Village
120 Front St, Ponte Vedra Beach, FL, 32082
Saturday: 9:00 AM - 12:00 AM
Callahan
542196 Us Hwy 1, Callahan, FL, 32011
Saturday: Closed
Show all departments
Branches 452 bank branches
Total Assets (US$M)2,440,022,000
Ponte Vedra
631 A1A N, Ponte Vedra Beach, FL, 32082
Saturday: Closed
Eighth Street
1822 S 8Th St, Fernandina Beach, FL, 32034
Saturday: Closed
Ridgecrest
859 Blanding Blvd, Orange Park, FL, 32065
Saturday: Closed
Show all departments
Branches 402 bank branches
Total Assets (US$M)3,380,824,000
Fleming Island Cr 220
1516 Cr 220, Fleming Island, FL, 32003
Saturday: 9:00 AM - 2:00 PM
Marlin And A1a
190 Us Highway A1A N, Ponte Vedra Beach, FL, 32082
Saturday: 9:00 AM - 2:00 PM
Villages At Sawgrass
260 Front St, Ponte Vedra Beach, FL, 32082
Saturday: 9:00 AM - 2:00 PM
Show all departments
Branches 352 bank branches
Total Assets (US$M)532,080,000
Sawgrass
100 Sawgrass Corners Drive, Ponte Vedra Beach, FL, 32082
Saturday: Closed
Orange Park
296 Blanding Boulevard, Orange Park, FL, 32073
Saturday: Closed
Show all departments

How to choose the best personal loan in Florida?

When it comes to managing your finances, personal loans can be a valuable tool to bridge any gaps in your budget. Utilized wisely, a personal loan can provide financial flexibility and contribute to your overall financial well-being. Therefore, it is crucial to find a loan that aligns with your financial situation. To assist you in this endeavor, here are some strategies for comparing and selecting the best personal loan in Florida.

Consider Annual Percentage Rates (APR)

The Annual Percentage Rate (APR) is a vital factor to consider when evaluating loans. Unlike simple interest rates, the APR incorporates fees, offering a more accurate representation of the total cost over time. Comparing APRs will help you identify which loan will prove more expensive in the long run. In Florida, the APR ranges from 4.49% to 36%.

Evaluate Loan Amounts

Since you may not have an exact figure in mind, researching loan amount options is beneficial. Look for lenders who provide a substantial range of loan amounts. In Florida, loans are available from $100 to $500,000. Additionally, consider lenders who offer flexible loan structures, allowing you to withdraw funds in parts and only pay interest on the amount utilized. This feature proves useful for projects where the required funds vary over time, such as home renovations or car repairs.

Assess Monthly Payments

Ensure that the monthly payment fits comfortably within your budget. It is crucial to balance your general expenses with loan repayments, including the accrued interest. By selecting a loan with manageable monthly payments, you can maintain financial stability throughout the loan term.

Examine Credit Requirements

While most lenders prefer borrowers with good to excellent credit scores (670 or higher), some lenders are willing to consider individuals with poor to fair credit. Although a high credit score does not guarantee a lower interest rate, it does increase your chances of approval. In Florida, the minimum acceptable credit score is Poor (300 - 579). Tailor your search to lenders that provide favorable loan terms based on your credit score.

Evaluate Collateral Requirements

While personal loans are typically unsecured, some lenders may require collateral. Secured loans tend to have lower interest rates since the presence of collateral reduces the lender's risk. Unsecured loans, on the other hand, often have higher interest rates. If you wish to avoid high interest rates, which can reach 36% in Florida, consider exploring secured personal loan options.

Consider Origination Fees

In addition to interest charges, many lenders impose processing or origination fees. These fees, typically a percentage of the total loan amount, vary among lenders. Opting for a personal loan with low processing fees can save you money in the long run.

By utilizing these strategies and comparing personal loan options side by side, you can make an informed decision and choose a loan that best suits your financial needs in Florida.

Compare and choose the best personal loan in Florida

Please note that the table below includes essential loan characteristics for comparison purposes.

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

5 simple tips for increasing personal loan approval odds in Florida

At some point, you may require financial assistance through a personal loan. Avoiding loan rejection is a common goal for everyone. By taking proactive steps to maximize your chances of loan approval, you can significantly benefit your financial future. If you are considering a personal loan in Florida, here are five steps to enhance your odds of approval:

  1. Improve Your Credit. Enhancing your credit score is the most effective way to increase your chances of loan approval. While the minimum credit score requirement in Florida is Poor (300 - 579), having a higher credit score improves your likelihood of approval. Here are some ways to boost your credit score:
  • Make timely debt payments, as your payment history significantly impacts your credit score.
  • Keep your overall credit utilization low. The less of your total credit limit you utilize, the better.
  • Avoid excessive applications for new credit, as hard inquiries can harm your credit score. Limit new credit line applications.
  • Dispute any errors in your credit reports, as one in five reports contains inaccuracies. Rectifying these errors can raise your credit score.
  1. Increase Your Income. Lenders evaluate your debt-to-income ratio when considering loan approvals. Raising your income is a viable way to improve your chances of approval. Although it may be challenging, you can explore options such as negotiating a raise at your current job or taking on a part-time job to supplement your income. Increasing your income reduces your debt-to-income ratio and enhances your odds of approval.
  2. Minimize Debt. While searching for a personal loan, avoid taking on additional debt. Lenders view existing debt as a risk, which decreases your chances of approval. Focus on paying off existing debts and refrain from acquiring new ones. The less debt you have, the easier it becomes to secure a personal loan.
  3. Be Realistic About Loan Amounts. Lenders are generally cautious about lending large sums of money due to the associated risks. Although the maximum loan amount available in Florida is $500,000, obtaining this amount is challenging. It is more realistic to be approved for smaller loan amounts. Smaller loans carry less risk for lenders, and you can comfortably repay them. Determine your precise financial needs and request the minimum loan amount necessary. In Florida, the minimum loan amount offered is $100.
  4. Consider Joint Applicants. To improve your chances of loan approval, you may consider applying with a joint applicant. Lenders will evaluate both credit scores and incomes when assessing joint applications. Alternatively, you can seek a co-signer who agrees to repay the loan if you default. However, ensure that you trust your joint applicant or co-signer, as your finances will become interconnected.

Conclusion

In conclusion, preparing yourself for the possibility of a personal loan can significantly increase your odds of approval. By taking action today and implementing these strategies, you can enhance your chances of being approved for a personal loan when the need arises.

FAQ

What is the highest interest rate on a personal loan in Florida?

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

What is the biggest loan amount in Florida?

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

What credit score do I need to have to get a personal loan in Florida?

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

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