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

Best Personal Loans in Joliet (IL)

We have found 115 personal loans to apply for in Joliet, IL. Add more criteria to compare personal loans and find the best one for you.

By Myfin Team
Updated March 28, 2024
Showing 115 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.
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Showing 115 personal loans
Amount
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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 Joliet

Showing 5 banks
Sort by: Branches
Branches 5 bank branches
Total Assets (US$M)163,203,086
Drive-in Facility
66 East Jefferson Street, Joliet, IL, 60432
Harris Bk Joliet Na Branch
78 North Chicago Street, Joliet, IL, 60431
Essington And Black Road Facility
801 Essington Road, Joliet, IL, 60435
Show all departments
Branches 4 bank branches
Total Assets (US$M)3,380,824,000
Essington And Caton Farm
Thursday: 9:00 AM - 5:00 PM
Shorewood Rte 59
Thursday: 9:00 AM - 5:00 PM
Joliet Jefferson
Thursday: 9:00 AM - 5:00 PM
Show all departments
Branches 1 bank branches
Total Assets (US$M)2,440,022,000
Joliet
Thursday: 9:00 AM - 4:00 PM
Branches 1 bank branches
Total Assets (US$M)534,346,587
Joliet
Thursday: 9:00 AM - 5:00 PM
Branches 1 bank branches
Total Assets (US$M)47,735,863
Joliet Branch
1550 Essington Road, Joliet, IL, 60435

How to Choose the Ideal Personal Loan in Joliet, Illinois?

Personal loans can serve as a valuable tool for addressing financial gaps and enhancing your overall financial well-being. To ensure that you find a loan that meets your financial needs, it is crucial to employ effective strategies for comparing and choosing the right personal loan in Joliet.

Consider Annual Percentage Rates (APR)

The annual percentage rate (APR) is one of the most important aspects of a loan to consider. Comparing APRs, which include both interest rates and fees, provides a more accurate understanding of the total cost of the loan. This enables you to identify which loan will be more expensive in the long run. In Joliet, the APR can range from 4.49% to 36%.

Evaluate Loan Amounts

Researching loan amount options allows you to select a lender that offers a substantial loan amount. In Joliet, loans are available from $100 to $500,000. Additionally, look for lenders that allow you to withdraw funds in parts and only pay interest on the amount utilized. This flexibility is particularly beneficial for projects with fluctuating financial needs, such as home renovations or car repairs.

Assess Monthly Payments

Ensure that the monthly payment amount comfortably fits within your budget. It is important to be able to meet your regular financial obligations while repaying the loan amount and interest.

Understand Credit Requirements

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

Consider 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 due to reduced risk for the lender. Unsecured loans typically have higher interest rates. If you wish to avoid high interest rates, consider a secured personal loan.

Evaluate Origination Fees

In addition to interest charges, most lenders impose origination fees. These fees, expressed as a percentage of the total loan amount, are charged for processing the loan. While the average origination fee ranges from 0.5% to 1%, specific amounts vary among lenders. Opting for a personal loan with lower origination fees can result in long-term cost savings.

Compare and choose the best personal loan in Joliet (IL)

Perform a side-by-side comparison of available loan offers in Joliet to simplify your decision-making process. This comprehensive comparison will assist you in selecting a loan with favorable terms aligned with your financial circumstances.

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

Tips to Increase Your Personal Loan Approval Odds in Joliet, Illinois

Maximizing your personal loan approval odds requires proactive steps. By following these tips, you can significantly improve your chances of loan approval in Joliet:

  1. Improve Your Credit. Increasing your credit score is the most effective way to enhance your loan approval odds. While Joliet's minimum credit score requirement is Poor (300 - 579), having a higher credit score increases your likelihood of approval. Focus on making timely debt payments, maintaining low credit utilization, minimizing applications for new credit, and disputing any errors in your credit report.
  2. Increase Income. Lenders consider your debt-to-income ratio when assessing loan applications. Increasing your income improves this ratio and boosts your approval chances. Consider negotiating a raise at your current job or taking up a part-time job to supplement your income.
  3. Avoid New Debt. Avoid acquiring new debt while searching for a personal loan. Lenders view debt as a risk factor, and any outstanding debt decreases your approval odds. Prioritize paying off existing debts and refrain from taking on additional financial obligations. A lower debt burden makes it easier to repay the personal loan.
  4. Set Realistic Loan Amounts. Lenders are generally cautious about lending large sums due to increased risk. In Joliet, the maximum loan amount available is $500,000, but approval for this amount is challenging. Requesting smaller loan amounts increases your chances of approval. Determine the exact amount you need and apply for the minimum required amount. In Joliet, the minimum loan amount offered is $100.
  5. Consider Joint Applicants. Exploring the option of a joint applicant or co-signer can strengthen your loan application. Lenders assess the credit scores and incomes of both applicants in a joint application. A reliable joint applicant or co-signer enhances your financial standing during the loan approval process.

Conclusion

Choosing the best personal loan in Joliet, Illinois requires careful consideration of various factors such as APR, loan amounts, monthly payments, credit requirements, collateral, and origination fees. By conducting thorough research and comparing available loan offers, you can make an informed decision that aligns with your financial goals and capabilities.

FAQ

What is the highest interest rate on a personal loan in Joliet, Illinois?

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

What is the biggest loan amount in Joliet, Illinois?

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

What credit score do I need to have to get a personal loan in Joliet, Illinois?

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

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