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

Best Personal Loans in Seattle (WA)

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

By Myfin Team
Updated March 29, 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.
Search for best loan
Showing 115 personal loans
Amount
$
Credit Score
City, state or Zip
  • Seattle, WA
  • Alabama
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  • Washington
  • Wisconsin
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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 Seattle

Showing 5 banks
Sort by: Branches
Branches 43 bank branches
Total Assets (US$M)3,380,824,000
Branches 34 bank branches
Total Assets (US$M)2,440,022,000
Dexter Horton At 4th-madison
Friday: 9:00 AM - 4:00 PM
Ballard
Friday: 10:00 AM - 5:00 PM
Burien
Friday: 10:00 AM - 5:00 PM
Show all departments
Branches 29 bank branches
Total Assets (US$M)184,673,175
Magnolia Branch
2401 34Th Avenue West, Seattle, WA, 98199
Madison Park Branch
4105 East Madison Street, Seattle, WA, 98112
International District Branch
666 S Dearborn St, Seattle, WA, 98134
Show all departments
Branches 23 bank branches
Total Assets (US$M)1,712,535,000
Seattle Main
Friday: 9:00 AM - 5:00 PM
Metropolitan
Friday: 9:00 AM - 5:00 PM
Union Station
Friday: 9:00 AM - 5:00 PM
Show all departments
Branches 16 bank branches
Total Assets (US$M)582,252,757

How to Choose the Best Personal Loan in Seattle, Washington?

Choosing the perfect personal loan in Seattle, Washington requires careful research and thoughtful decision-making. Personal loans can be a valuable tool for addressing budgetary issues and improving your financial well-being. This guide aims to provide you with strategies and insights to effectively compare and choose the personal loan that best fits your financial needs in Seattle, Washington.

  1. Pay Close Attention to Annual Percentage Rates (APR). The APR is a critical aspect to take into account when assessing loan choices. It offers a more comprehensive view of the overall loan cost, encompassing both interest rates and associated fees. By comparing APRs instead of solely concentrating on interest rates, you can determine which loan will be more costly in the long term.
  2. Determine Your Desired Loan Amount. Conduct research on the available loan amounts and choose a lender that offers the loan size you require. In Seattle, loans are accessible with amounts ranging from $100 to $500,000. Certain lenders provide the flexibility to withdraw funds incrementally, allowing you to pay interest solely on the utilized amount. This flexibility is especially advantageous for projects with varying funding needs over time, such as home renovations or car repairs.
  3. Evaluate Monthly Payment Suitability. Ensure that the monthly repayment amount comfortably aligns with your budget. It is crucial to meet your regular financial obligations while managing loan repayments, including interest.
  4. Comprehend Credit Requirements. Most lenders favor borrowers with good to excellent credit scores, typically around 670 or higher. Nonetheless, some lenders may consider individuals with poor to fair credit. Although a high credit score does not guarantee a lower interest rate, it enhances the likelihood of loan approval. In Seattle, 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. Consider Collateral. While the majority of personal loans do not necessitate collateral and are unsecured, some loans may require it. Secured loans generally come with lower interest rates due to the presence of collateral, which reduces the lender's risk. In contrast, unsecured loans often carry higher interest rates. If you are concerned about high interest rates (which can reach up to 36% in Seattle), exploring secured personal loan options may prove beneficial.
  6. Evaluate Origination Fees. Numerous lenders impose origination fees alongside interest charges. The origination fee, typically a percentage of the total loan amount, can vary among lenders. Opting for a personal loan with lower origination fees can lead to long-term cost savings.

Compare and choose the best personal loan in Seattle, Washington

To choose the best personal loan in Seattle, compare the available loan options side by side.

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 Maximizing Personal Loan Approval Odds in Seattle, Washington

  • Enhance Your Credit. Improving your credit score is the most effective way to increase your chances of loan approval. Focus on making timely debt payments, maintaining a low credit utilization ratio, minimizing new credit applications, and disputing any errors in your credit report.
  • Boost Your Income. Lenders consider your debt-to-income ratio when evaluating loan applications. Increasing your income, whether by negotiating a raise at your current job or taking on a part-time job, can improve this ratio and enhance your approval prospects.
  • Avoid New Debt. While applying for a personal loan, it's advisable to refrain from taking on additional debt. Lenders view existing debt as a risk factor, so reducing your current debt and avoiding new financial obligations strengthens your loan application.
  • Be Realistic About Loan Amounts. Lenders tend to be cautious about approving large loan amounts due to increased risk. In Seattle, while the maximum loan amount available is $500,000, obtaining such a substantial sum can be challenging. A more practical approach is to request a loan amount that aligns with your income and financial capacity. Applying for smaller loan amounts reduces risk and improves your approval chances. Determine the exact amount you need and request the minimum required sum. In Seattle, lenders typically offer a minimum loan amount of $100.
  • Consider a Joint Applicant or Co-signer. Exploring the option of a joint applicant or co-signer can enhance your approval odds. Lenders assess the credit scores and incomes of both applicants, potentially strengthening your application. Ensure that you select a reliable joint applicant or co-signer, as your financial responsibilities will be interconnected.

Conclusion

It's vital to take proactive measures when preparing for a personal loan in Seattle. By applying the strategies and adhering to the tips outlined below, you can substantially improve your prospects of securing a personal loan that matches your financial needs. Responsible loan management is key, so it's crucial to choose a loan that aligns with your budget and repayment capability.

FAQ

What is the highest interest rate on a personal loan in Seattle, Washington?

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

What is the biggest loan amount in Seattle, Washington?

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

What credit score do I need to have to get a personal loan in Seattle, Washington?

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

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