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

Best Personal Loans in Virginia

We have found 112 personal loans in Virginia. Compare and choose the best loan for your purpose.

By Myfin Team
Updated March 03, 2024
Showing 112 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
$2,600 - $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 112 personal loans
Amount
$
Credit Score
City, state or Zip
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  • Texas
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  • 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 Virginia

Showing 5 banks
Sort by: Branches
Branches 436 bank branches
Total Assets (US$M)532,080,000
Innovation Bristow Branch
9933 Sowder Village Square, Manassas, VA, 20109
Manassas Main Branch
9201 Church Street, Manassas, VA, 20110
Wellington Station Branch
10040 Dumfries Road, Manassas, VA, 20110
Show all departments
Branches 262 bank branches
Total Assets (US$M)
Pwc - Centrevil
8650 Centreville Rd, Manassas, VA, 20110-5264
Sunday: Closed
Pwc - Manassas
9201 Church St, Manassas, VA, 20110-5523
Sunday: Closed
Pwc - Sudley Ro
7801 Sudley Rd, Manassas, VA, 20109-2805
Sunday: Closed
Show all departments
Branches 219 bank branches
Total Assets (US$M)1,712,535,000
Cobblestone
8640 Centreville Rd, Manassas, VA, 20110
Sunday: Closed
Manaport
8441 Sudley Rd, Manassas, VA, 20109
Sunday: Closed
Sudley Road
8118 Sudley Rd, Manassas, VA, 20109
Sunday: Closed
Show all departments
Branches 152 bank branches
Total Assets (US$M)532,080,000
Innovation Bristow
9933 Sowder Village Square, Manassas, VA, 20109
Sunday: Closed
Westgate
7915 Sudley Rd, Manassas, VA, 20109
Sunday: Closed
Manassas Junction
8885 Centreville Rd, Manassas, VA, 20110
Sunday: Closed
Show all departments
Branches 136 bank branches
Total Assets (US$M)19,546,091
Manassas Office
8525 Rolling Road, Manassas, VA, 20110
Marshall Financial Service Center Branch
8383 West Main Street, Marshall, VA, 20115
Middleburg Br
111 West Washington Street, Middleburg, VA, 20117
Show all departments

How to choose the best personal loan in Virginia?

When applying for a personal loan in Virginia, it's essential to take the following factors into account to ensure that the loan suits your financial situation and aligns with your objectives:

  1. Interest Rates. Compare the interest rates offered by various lenders to identify the most competitive rate available. A lower interest rate can lead to significant savings over the loan's duration.
  2. Loan Amount. Determine the precise amount you need to borrow based on your financial requirements. Seek out lenders that offer loan amounts that match your specific needs.
  3. Repayment Terms. Assess the repayment terms, including the loan's duration and the frequency of payments. Verify that the repayment terms are manageable within your budget and align with your financial goals.
  4. Fees. Account for any fees and charges associated with the personal loan, such as origination fees or prepayment penalties. Comparing these fees among different lenders can help minimize your borrowing costs.
  5. Reputation. Research the reputation of the lenders you are considering. Look for lenders with positive customer reviews and a track record of reliable service. A reputable lender can offer a smooth borrowing experience.

By meticulously evaluating these factors, you can make an informed decision and select the personal loan in Virginia that aligns with your financial objectives and contributes to your overall financial well-being.

Comparing and selecting the best personal loan in Virginia

Comparing all available loan offers in the Virginia will help you choose a loan that offers good terms for your financial situation.

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 Virginia

  1. Take steps to improve your credit. Having a strong credit score is essential to enhance your likelihood of securing approval for a personal loan. Be diligent in paying your bills punctually, keep your credit utilization ratio low, and rectify any inaccuracies on your credit report to bolster your credit score.
  2. Increase your income. Lenders also take into account your income when assessing your loan application. If feasible, endeavor to boost your income as this will enhance your prospects of securing approval for a larger loan amount.
  3. Avoid debt. Lenders carefully evaluate your debt-to-income ratio during the loan application process. If you have a substantial amount of debt, it could diminish your chances of being approved for a personal loan. Prioritize the repayment of your current debts and refrain from acquiring new ones to improve your loan approval prospects.
  4. Be realistic about the amount you need. Only apply for the amount of money that you can easily manage to repay. Lenders are more inclined to approve your loan when you show that you can comfortably cover the monthly payments without experiencing financial strain.
  5. Consider getting a cosigner. If you have poor credit, you may be able to get approved for a personal loan if you have a cosigner. A cosigner is someone who agrees to be responsible for the loan if you default.

Conclusion

When considering financing for significant purchases or debt consolidation, a personal loan can be a beneficial solution. Nevertheless, it's crucial to conduct a thorough analysis of your loan choices to ensure they align with your requirements.

FAQ

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

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

What is the biggest loan amount in Virginia?

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

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

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

Author, editor

content@myfin.us