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

Best Personal Loans in Yonkers (NY)

We have found 111 personal loans to apply for in Yonkers, NY. Add more criteria to compare personal loans and find the best one for you.

By Myfin Team
Updated December 11, 2024
Showing 111 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
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
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 111 personal loans
Amount
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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 Yonkers

Showing 5 banks
Sort by: Branches
Branches 8 bank branches
Total Assets (US$M)3,380,824,000
Mclean Ave
Wednesday: 9:00 AM - 5:00 PM
Yonkers Northeast
Wednesday: 9:00 AM - 5:00 PM
Yonkers Station
Wednesday: 9:00 AM - 5:00 PM
Show all departments
Branches 5 bank branches
Total Assets (US$M)1,712,535,000
Branches 4 bank branches
Total Assets (US$M)2,440,022,000
Cross County Center
Wednesday: 9:00 AM - 4:00 PM
Getty Square
Wednesday: 9:00 AM - 4:00 PM
Mclean Avenue
Wednesday: 9:00 AM - 4:00 PM
Show all departments
Branches 4 bank branches
Total Assets (US$M)63,046,655
High Ridge Branch
1759 Central Park Avenue, Yonkers, NY, 10710
Manor House Branch
One Manor House Square, Yonkers, NY, 10701
Palisade Branch
780 Palisade Avenue, Yonkers, NY, 10703
Show all departments
Branches 3 bank branches
Total Assets (US$M)29,558,731
Grassy Sprain Branch
35 East Grassy Sprain Road, Yonkers, NY, 10710
Getty Square Branch
61 South Broadway, Yonkers, NY, 10701
Mclean Avenue Branch
865 Mclean Avenue, Yonkers, NY, 10704

How to Choose the Ideal Personal Loan in Yonkers, New York?

When it comes to personal loans, they can be a valuable resource for filling financial gaps and enhancing your overall financial well-being. However, it is crucial to utilize effective strategies when comparing and selecting the ideal personal loan in Yonkers that caters to your specific financial circumstances. By doing so, you can guarantee that you find a loan that aligns perfectly with your needs.

Annual Percentage Rates (APR)

When evaluating various loan options, it is vital to pay close attention to the annual percentage rate (APR). The APR provides a more comprehensive understanding of the total cost of the loan, as it incorporates both the interest rate and any additional fees associated with it. By comparing APRs, you can assess which loan will incur higher overall costs over the long term. In Yonkers, the APR can range from 4.49% to 36%.

Loan Amount

Look for lenders that provide a variety of loan amounts, giving you access to a significant amount of money. Also, consider lenders that offer the option of gradual withdrawals, allowing you to pay interest only on the amount used. This flexibility proves especially useful for projects with intermittent financial needs, such as home repairs or car repairs.

Monthly Payments

It is crucial to choose a loan with monthly payments that comfortably fit within your budget. Ensure that you can fulfill your regular financial obligations while also repaying the loan amount and interest.

Credit Requirements

Most lenders prefer borrowers with good to excellent credit scores (typically 670 or higher). In Yonkers, 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.

Collateral

Typically, personal loans are unsecured, meaning they do not require collateral. However, there are specific loan options that may require collateral, resulting in lower interest rates due to reduced risk for the lender. Conversely, unsecured loans generally come with higher interest rates. If your goal is to avoid high interest rates, it may be worthwhile to consider a secured personal loan as a viable alternative.

Origination Fee

Many lenders charge origination fees alongside interest charges. These fees, expressed as a percentage of the total loan amount, vary among lenders. Opting for a personal loan with lower processing fees can lead to long-term cost savings.

Compare and choose the best personal loan in Yonkers

Our comparison will facilitate your research and empower you to choose a loan that offers favorable terms specifically tailored to 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
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
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

Increasing Personal Loan Approval Odds in Yonkers: 5 Simple Tips

Here are useful tips to help you maximize your chances of getting approved for a personal loan:

  1. Improve Your Credit. Increasing your credit score is the most effective way to improve your chances of loan approval. While Yonkers may have a minimum credit score requirement of Poor (300 - 579), having a higher credit score significantly increases your odds. To boost your credit score, make sure to make timely debt payments, maintain a low credit utilization ratio, avoid excessive applications for new credit, and address any errors on your credit report.
  2. Increase Your Income. Lenders consider your debt-to-income ratio when evaluating loan applications. By increasing your income, you can improve this ratio and enhance your approval prospects.
  3. Avoid New Debt. While applying for a personal loan, refrain from taking on additional debt. Lenders view outstanding debt as a risk factor, which reduces your approval chances. Pay off existing debts and avoid acquiring new ones. Having a lower debt burden makes it easier to repay the personal loan.
  4. Be Realistic with Loan Amounts. Lenders tend to be cautious about lending large sums due to higher risks involved. In Yonkers, while the maximum loan amount available is $500,000, approval for such an amount can be challenging. Applying for smaller loan amounts increases your chances of approval. Determine the exact amount you need and request the minimum necessary from lenders. In Yonkers, the minimum loan amount offered is $100.
  5. Consider Joint Applicants. Exploring the option of a joint applicant or co-signer can enhance your chances of loan approval. Lenders assess the credit scores and incomes of both applicants in a joint application. Having a reliable joint applicant or co-signer strengthens your financial standing during the loan approval process.

Conclusion

When it comes to getting a personal loan in Yonkers, New York, proper preparation is crucial. By taking proactive steps today, you can greatly increase your chances of getting a loan that meets your needs.

FAQ

What is the highest interest rate on a personal loan in Yonkers, New York?

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

What is the biggest loan amount in Yonkers, New York?

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

What credit score do I need to have to get a personal loan in Yonkers, New York?

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

Author, editor

content@myfin.us

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