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

Best Personal Loans in Murfreesboro (TN)

We have found 114 personal loans to apply for in Murfreesboro, TN. Add more criteria to compare personal loans and find the best one for you.

By Myfin Team
Updated March 28, 2024
Showing 114 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 114 personal loans
Amount
$
Credit Score
City, state or Zip
  • Murfreesboro, TN
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • 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 Murfreesboro

Showing 5 banks
Sort by: Branches
Branches 8 bank branches
Total Assets (US$M)39,877,839
110-b Blvd Branch
123 Cason Lane, Murfreesboro, TN, 37128
Cavalry Banking Branch
114 West College Street, Murfreesboro, TN, 37130
1645 Northwest Broad Street Branch
1645 Northwest Broad Street, Murfreesboro, TN, 37129
Show all departments
Branches 6 bank branches
Total Assets (US$M)84,803,751
Cason Lane Branch
154 Cason Lane, Murfreesboro, TN, 37128
Medical Center Parkway Branch
2877 Medical Center Parkway, Murfreesboro, TN, 37130
Church Street Branch
808 South Church Street, Murfreesboro, TN, 37130
Show all departments
Branches 5 bank branches
Total Assets (US$M)159,787,000
Church St Murfreesboro
Thursday: 9:00 AM - 4:00 PM
Memorial Murfreesboro
Thursday: 9:00 AM - 4:00 PM
Show all departments
Branches 4 bank branches
Total Assets (US$M)582,252,757
Innsbrooke Kroger Branch
Thursday: 10:00 AM - 6:00 PM
Kensington Place Publix Branch
Thursday: 10:00 AM - 6:00 PM
Murfreesboro Branch
Thursday: 10:00 AM - 3:00 PM
Show all departments
Branches 4 bank branches
Total Assets (US$M)532,080,000
Old Fort Parkway
Thursday: 9:00 AM - 4:00 PM
Northfield
Thursday: 9:00 AM - 5:00 PM
Murfreesboro Downtown
Thursday: 9:00 AM - 4:00 PM
Show all departments

How to Choose the Ideal Personal Loan in Murfreesboro, Tennessee?

Personal loans hold the potential to serve as a valuable resource in bridging financial gaps and improving your overall financial health. To ensure the alignment of your chosen loan with your specific financial circumstances, it becomes paramount to implement effective strategies for evaluating and selecting the most suitable personal loan option in Murfreesboro.

Annual Percentage Rates (APR)

When considering different loan alternatives, it becomes vital to place emphasis on the annual percentage rate (APR). The APR delivers a more precise depiction of the complete expense associated with the loan, encapsulating both the interest rate and any accompanying fees. Through the comparison of APRs, you can ascertain which loan option will result in greater expenses over an extended duration. In Murfreesboro, the range of APRs spans from 4.49% to 36%.

Loan Amount

Seek out lenders that provide an extensive array of loan amounts, guaranteeing access to a significant sum. Moreover, give thought to lenders who permit incremental fund withdrawals, enabling you to pay interest solely on the portion you employ. This adaptability proves especially advantageous for endeavors characterized by varying financial requirements, such as home renovations or vehicle repairs.

Monthly Payments

Selecting a loan with monthly payments that seamlessly align with your budget is of paramount importance. It's imperative to guarantee that these payments enable you to meet your routine financial responsibilities while simultaneously covering the repayment of the loan principal and accrued interest.

Credit Requirements

Most lenders favor borrowers with a good to excellent credit rating (typically 670 and above). In Murfreesboro, the minimum acceptable credit rating is in the Poor category (300 - 579). In order to optimize credit conditions, it is advisable to adjust the search depending on the credit rating.

Collateral

Usually, personal loans are unsecured, meaning they don't demand collateral. Nevertheless, certain loans might necessitate collateral, potentially resulting in decreased interest rates due to the reduced risk for the lender. Conversely, unsecured loans often carry higher interest rates. If you aim to steer clear of elevated interest rates, contemplate choosing a secured personal loan.

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 Murfreesboro

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

Increasing Personal Loan Approval Odds in Murfreesboro:

If you intend to borrow funds in Murfreesboro, it is crucial to maximize your potential for loan approval. By proactively taking measures to improve your odds of being approved for a personal loan, you can gain significant benefits in the long term. Here are five tips to optimize your chances of securing approval for a personal loan:

  1. Enhance Your Credit. Elevating your credit score is the most potent strategy to heighten your chances of loan approval. While Murfreesboro's minimum credit score requirement falls within the Poor range (300 - 579), having a higher credit score boosts your prospects. To bolster your credit score, ensure timely settlement of debts, maintain a low credit utilization ratio, abstain from excessive applications for new credit, and rectify any inaccuracies present in your credit report.
  2. Increase Income. Lenders consider your debt-to-income ratio during the assessment of loan applications. Augmenting your income positively affects this ratio and bolsters your chances of approval. Contemplate negotiating a salary increase in your current job or considering part-time employment to supplement your income.
  3. Avoid New Debt. While in the process of applying for a personal loan, it's wise to avoid taking on additional debt. Lenders perceive outstanding debt as a risk factor, diminishing your approval prospects. Focus on settling existing debts and refrain from acquiring new ones. Minimizing your debt load simplifies the repayment of the personal loan.
  4. Be Realistic About Loan Amounts. Lenders tend to exercise caution when considering larger loan sums due to the associated heightened risks. In Murfreesboro, the maximum available loan amount reaches $500,000, but gaining approval for such an amount is challenging. Opting for smaller loan amounts augments your chances of approval. Determine your precise funding requirements and request the minimum necessary amount from lenders. In Murfreesboro, the smallest loan amount provided is $100.
  5. Explore Joint Applicants. Exploring the possibility of a joint applicant or a co-signer can amplify your approval chances. Lenders evaluate both applicants' credit scores and incomes in a joint application. A dependable joint applicant or co-signer reinforces your financial position throughout the loan approval process.

Conclusion

Obtaining a personal loan is a substantial choice that necessitates thorough preparation. By initiating proactive measures at present, you can enhance your chances of securing loan approval in Murfreesboro.

FAQ

What is the highest interest rate on a personal loan in Murfreesboro, Tennessee?

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

What is the biggest loan amount in Murfreesboro, Tennessee?

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

What credit score do I need to have to get a personal loan in Murfreesboro, Tennessee?

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

Author, editor

content@myfin.us

Personal Loans In Nearest Cities