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

Best Personal Loans in Norman (OK)

We have found 117 personal loans to apply for in Norman, OK. Add more criteria to compare personal loans and find the best one for you.

By Myfin Team
Updated November 04, 2024
Showing 117 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
$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 117 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 Norman

Showing 5 banks
Sort by: Branches
Branches 3 bank branches
Total Assets (US$M)33,075,693
36th & Tecumseh Branch
3601 West Tecumseh Road, Norman, OK, 73072
Norman Branch
315 West Boyd, Norman, OK, 73069
Main & Flood Branch
630 West Main Street, Norman, OK, 73069
Branches 2 bank branches
Total Assets (US$M)3,380,824,000
Brookhaven
Monday: 9:00 AM - 5:00 PM
Norman Main Campus
Monday: 9:00 AM - 5:00 PM
Branches 1 bank branches
Total Assets (US$M)2,440,022,000
Norman Main Street
Monday: 9:00 AM - 4:00 PM
Branches 1 bank branches
Total Assets (US$M)107,542,088
Norman Branch
3800 Journey Pkwy, Norman, OK, 73072
Branches 1 bank branches
Total Assets (US$M)45,202,565
Norman Branch
3550 West Main St, Norman, OK, 73072

How to Select the Best Personal Loan in Norman, Oklahoma?

When it comes to managing your finances and resolving financial challenges, personal loans can be an invaluable tool. However, it is crucial to approach personal loan selection with care and choose an option that aligns with your specific financial needs. To assist you in making an informed decision, here are some strategies to effectively compare and select the most suitable personal loan in Norman, Oklahoma.

  1. Annual Percentage Rates (APR). Prioritize evaluating the annual percentage rate (APR) when considering loan options. The APR provides a comprehensive view of the total loan cost, encompassing both the interest rate and associated fees. By comparing APRs, you can identify the loan with higher long-term expenses. In Norman, Oklahoma, the APR typically ranges from 4.49% to 36%.
  2. Loan Amount. Conduct thorough research on loan amount options and select a lender that offers the desired loan size. In Norman, Oklahoma, personal loans are available from $100 to $500,000. Look for lenders that provide flexible withdrawal options, allowing you to pay interest only on the utilized amount. This flexibility is beneficial for projects with uncertain funding needs, such as home renovations or car repairs.
  3. Monthly Payments. Ensure that the monthly payment comfortably fits within your budget. It is essential to meet your regular financial obligations while repaying the loan, including the interest.
  4. Credit Requirements. Most lenders prefer borrowers with good to excellent credit scores (670 or higher). However, some lenders may consider individuals with poor to fair credit. While a higher credit score does not guarantee a lower interest rate, it increases your chances of loan approval. In Norman, the minimum acceptable credit score is categorized as Poor (300 - 579). Tailor your search to lenders offering favorable loan terms based on your credit score.
  5. Collateral. While most personal loans are unsecured and do not require collateral, some loans may involve it. Secured loans typically have lower interest rates as collateral reduces the lender's risk. Unsecured loans generally come with higher interest rates. If you are concerned about high interest rates (which can reach up to 36% in Norman), consider exploring secured personal loan options.
  6. Origination Fee. Many lenders charge origination fees in addition to interest. The origination fee is usually a percentage of the total loan amount and can vary among lenders. Opting for a personal loan with lower origination fees can lead to long-term savings.

By considering these strategies, you can effectively compare and select the best personal loan option in Norman, Oklahoma. Remember to conduct thorough research and carefully evaluate each aspect before making a decision.

Compare and Choose the Best Personal Loan in Norman, Oklahoma

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 for Increasing Personal Loan Approval Odds in Norman, Oklahoma

To maximize your chances of personal loan approval in Norman, consider the following steps:

  • Enhance Your Credit. Elevating your credit score is key to improving your chances of loan approval. While the minimum credit score requirement in Norman can be Poor (300 - 579), a higher credit score significantly increases your odds. Focus on making timely debt payments, maintaining low credit utilization, minimizing credit applications, and rectifying any inaccuracies on your credit report.
  • Boost Your Income. Lenders assess your debt-to-income ratio during the approval process. Augmenting your income helps lower this ratio and enhances your chances of approval. Seek a salary increase at your current job or explore part-time employment opportunities to supplement your income.
  • Avoid New Debt. Minimize acquiring new debt while applying for a personal loan. Lenders perceive additional debt as a risk factor, which can diminish your approval prospects. Concentrate on paying off existing debts and refrain from accumulating new ones.
  • Set Realistic Loan Amounts. Lenders exercise caution when approving large loan amounts due to increased risk. While the maximum loan amount available in Norman is $500,000, obtaining such a sum can be challenging. Consider requesting smaller loan amounts that align with your income. Smaller loans pose less risk to lenders and are easier to repay. Assess your precise funding needs and apply for the minimum required amount, which is $100 in Norman.
  • Joint Applicant. Explore the option of having a joint applicant for your loan. Lenders consider both the credit scores and incomes of joint applicants, which can improve your chances of approval. Alternatively, you can find a co-signer who agrees to assume responsibility for the loan if you default. Ensure that your joint applicant or co-signer is trustworthy, as your financial matters will become interconnected.

By implementing these strategies, you can increase your likelihood of personal loan approval in Norman. Remember to approach the loan process responsibly and carefully assess your financial needs before proceeding.

Conclusion

When the need for a personal loan arises, it is important to be adequately prepared. By taking a proactive approach, you can greatly increase your chances of being approved when applying for a personal loan in Norman, Oklahoma.

FAQ

What is the highest interest rate on a personal loan in Norman, Oklahoma?

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

What is the biggest loan amount in Norman, Oklahoma?

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

What credit score do I need to have to get a personal loan in Norman, Oklahoma?

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

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