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

Best Personal Loans in Spokane (WA)

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

By Myfin Team
Updated December 15, 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
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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 115 personal loans
Amount
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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 Spokane

Showing 5 banks
Sort by: Branches
Branches 9 bank branches
Total Assets (US$M)3,380,824,000
Branches 9 bank branches
Total Assets (US$M)582,252,757
Branches 6 bank branches
Total Assets (US$M)2,440,022,000
Branches 6 bank branches
Total Assets (US$M)1,712,535,000
Branches 6 bank branches
Total Assets (US$M)30,131,538
Spokane Manito Branch
S. 3000 Grand Boulevard, Spokane, WA, 99203
Spokane Valley Dishman
507 N Mullan Rd, Spokane, WA, 99206
Spokane Convenience Center
206 W. Riverside, Spokane, WA, 99201
Show all departments

How to Choose the Ideal Personal Loan in Spokane, Washington?

Personal loans can play a crucial role in bridging financial gaps and improving your overall financial health. To ensure that you secure a loan that aligns with your financial requirements, it is essential to utilize effective methods when comparing and selecting the ideal personal loan in Spokane.

Consider Annual Percentage Rates (APR)

The annual percentage rate (APR) is one of the most crucial aspects to consider when evaluating a loan. Comparing APRs, which include both interest rates and fees, provides a more accurate understanding of the total cost of the loan. This allows you to pinpoint which loan will be more expensive in the long run. In Spokane, the APR can range from 4.49% to 36%.

Evaluate Loan Amounts

Exploring loan amount options enables you to select a lender offering a substantial loan range. In Spokane, loans are available from $100 to $500,000. Additionally, look for lenders that allow you to withdraw funds gradually and only accrue interest on the amount utilized. This flexibility is particularly beneficial for projects with fluctuating financial needs, such as home renovations or car repairs.

Assess Monthly Payments

Make sure that the monthly payment aligns comfortably with your budget. It's essential to maintain your ability to fulfill your routine financial responsibilities while repaying both the loan principal and interest.

Understand Credit Requirements

While most lenders typically prefer borrowers with good to excellent credit scores (usually 670 or higher), some lenders may consider individuals with poor to fair credit. Although a higher credit score doesn't guarantee better loan terms, it does increase your chances of approval. In Spokane, the lowest acceptable credit score is categorized as «Poor» (300 - 579). Tailor your loan search to match your credit score to secure the best possible loan terms.

Consider Collateral

While most personal loans are unsecured and do not require collateral, some loans may require it. Secured loans often come with lower interest rates due to reduced risk for the lender. Unsecured loans typically have higher interest rates. If you wish to avoid high interest rates, consider a secured personal loan.

Evaluate Origination Fees

In addition to interest charges, most lenders impose origination fees. These fees, expressed as a percentage of the total loan amount, are charged for processing the loan. While the average origination fee ranges from 0.5% to 1%, specific amounts vary among lenders.

Compare and choose the best personal loan in Spokane

Perform a side-by-side comparison of available loan offers in Spokane to simplify your decision-making process. This comprehensive comparison will assist you in selecting a loan with favorable terms aligned with 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
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 to Increase Your Personal Loan Approval Odds in Spokane, Washington

  1. Improve Your Credit. Increasing your credit score is the most effective way to enhance your chances of loan approval. While the minimum credit score requirement in Spokane is «Poor» (300 - 579), having a higher credit score significantly improves your likelihood of approval. Focus on making timely debt payments, maintaining low credit utilization, minimizing applications for new credit, and disputing any errors in your credit report.
  2. Increase Your Income. Lenders consider your debt-to-income ratio when assessing loan applications. Increasing your income can improve this ratio and boost your approval chances. Consider negotiating a raise at your current job or taking on a part-time job to supplement your income.
  3. Avoid Taking on New Debt. Avoid acquiring new debt while you are in the process of seeking a personal loan. Lenders view additional debt as a risk factor, which can decrease your approval odds. Prioritize paying off existing debts and refrain from taking on additional financial obligations. Having a lower debt burden makes it easier to repay the personal loan.
  4. Set Realistic Loan Amounts. Lenders are often cautious about lending large sums due to increased risk. In Spokane, the maximum loan amount available is $500,000, but approval for this amount can be challenging. Requesting smaller loan amounts increases your chances of approval. Determine the exact amount you need and apply for the minimum required sum. In Spokane, the minimum loan amount offered is $100.
  5. Consider Joint Applicants. Exploring the option of a joint applicant or co-signer can strengthen your loan application. Lenders assess the credit scores and incomes of both applicants in a joint application. A reliable joint applicant or co-signer enhances your financial standing during the loan approval process.

Conclusion

To choose the best personal loan in Spokane, Washington, careful consideration of various factors such as APR, loan amounts, monthly payments, credit requirements, collateral, and origination fees is necessary. By conducting thorough research and comparing available loan offers, you can make an informed decision that aligns with your financial goals and capabilities.

FAQ

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

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

What is the biggest loan amount in Spokane, Washington?

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

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

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

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