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

Best Personal Loans in Milwaukee (WI)

We have found 111 personal loans to apply for in Milwaukee, WI. Add more criteria to compare personal loans and find the best one for you.

By Myfin Team
Updated March 28, 2024
Showing 111 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 111 personal loans
Amount
$
Credit Score
City, state or Zip
  • Milwaukee, WI
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  • 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 Milwaukee

Showing 5 banks
Sort by: Branches
Branches 23 bank branches
Total Assets (US$M)163,203,086
Silver Spring Branch
8300 West Silver Spring Drive, Milwaukee, WI, 53218
M&i Trust Company Branch
111 East Kilbourn Avenue, Milwaukee, WI, 53202
South-national Avenue
2701 W National Ave, Milwaukee, WI, 53215
Show all departments
Branches 14 bank branches
Total Assets (US$M)37,187,818
Milwaukee-fond Du Lac Ave Branch
5350 West Fond Du Lac Avenue, Milwaukee, WI, 53216
Milwaukee-mitchell Street Branch
829 West Mitchell Street, Milwaukee, WI, 53204
4812 W Burleigh St Branch
4812 W Burleigh St, Milwaukee, WI, 53210
Show all departments
Branches 13 bank branches
Total Assets (US$M)582,252,757
Branches 8 bank branches
Total Assets (US$M)534,346,587
East Capitol
Thursday: 9:00 AM - 5:00 PM
Midtown
Thursday: 9:00 AM - 6:00 PM
16th And National
Thursday: 9:00 AM - 5:00 PM
Show all departments
Branches 7 bank branches
Total Assets (US$M)3,380,824,000
Brown Deer
Thursday: 9:00 AM - 5:00 PM
Loomis And 27th
Thursday: 9:00 AM - 5:00 PM
Morgan And 76th
Thursday: 9:00 AM - 5:00 PM
Show all departments

How to Choose the Best Personal Loan in Milwaukee, Wisconsin?

Selecting the ideal personal loan in Milwaukee, Wisconsin necessitates careful research and thoughtful decision-making. Personal loans can prove to be a valuable tool for addressing financial challenges and enhancing your overall financial well-being.

  1. Pay Attention to Annual Percentage Rates (APR). When comparing various lending options, the Annual Percentage Rate (APR) should be a key consideration. It offers a comprehensive view of a loan's total cost, encompassing both the interest rate and associated fees. Instead of solely focusing on interest rates, evaluating APRs.
  2. Determine the Loan Amount. Extensive research into the available loan amounts is crucial. Choose a lender that offers the loan size that matches your requirements. In Milwaukee, loans are accessible within the range of $100 to $500,000. Some lenders also offer the flexibility to withdraw funds incrementally, allowing you to pay interest only on the amount you use. This flexibility can be particularly beneficial for projects with varying funding needs over time, such as home renovations or car repairs.
  3. Evaluate Monthly Payments. It's essential to ensure that the monthly payment amount comfortably fits within your budget. Meeting your regular financial obligations while repaying the loan, including interest, is crucial to maintaining your financial stability.
  4. Understand Credit Requirements. Most lenders prefer borrowers with good to excellent credit scores, typically around 670 or higher. However, some lenders may consider individuals with poor to fair credit. Although a high credit score doesn't guarantee a lower interest rate, it does increase the likelihood of loan approval. In Milwaukee, the minimum acceptable credit score falls under the «Poor» category (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 are unsecured and do not require collateral, some may necessitate it. Secured loans often come with lower interest rates because the collateral reduces the lender's risk. Conversely, unsecured loans typically carry higher interest rates. If you are concerned about high interest rates, which can reach up to 36% in Milwaukee, exploring secured personal loan options may prove beneficial.
  6. Assess Origination Fees. Many lenders charge origination fees in addition to interest charges. The origination fee, often a percentage of the total loan amount, can vary among lenders. Opting for a personal loan with lower origination fees can result in long-term savings.

Compare and choose the best personal loan in Milwaukee, Wisconsin

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 Milwaukee, Wisconsin

  • Improve Your Credit. Elevating your credit score is the most effective strategy for improving your creditworthiness. Concentrate on punctual debt payments, maintaining a low credit utilization rate, reducing new credit inquiries, and rectifying any inaccuracies in your credit report. Diligently addressing these aspects can significantly boost your credit score, increasing the likelihood of securing credit approval.
  • Increase Income. Lenders scrutinize your debt-to-income ratio when reviewing loan applications. A higher income, whether negotiated through a raise at your current job or by taking on a part-time position, can enhance this ratio and improve your approval prospects.
  • Avoid New Debt. When seeking a personal loan, it's prudent to refrain from accumulating new debt. Lenders view existing debt as a risk factor, so minimizing current obligations and avoiding additional financial commitments strengthens your loan application. By reducing your overall debt load and demonstrating responsible financial behavior, you enhance your chances of obtaining a favorable loan.
  • Be Realistic About Loan Amounts. Lenders tend to exercise caution when considering large loan requests due to heightened risk. In Milwaukee, while the maximum loan amount available is $500,000, obtaining such a substantial sum can be challenging. A more practical approach is to seek a loan amount aligned with your income and financial capacity. Applying for smaller loan amounts reduces risk and improves your likelihood of approval. Determine the precise amount you need and request the minimum required sum, as lenders in Milwaukee 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 prospects of loan approval. Lenders evaluate the credit scores and incomes of both applicants, potentially fortifying your application. It's crucial to select a trustworthy joint applicant or co-signer, as your financial obligations will be interconnected.

Conclusion

Effective preparation is paramount when seeking a personal loan in Milwaukee. By adhering to our recommended strategies and tips, you can significantly enhance your prospects of securing a personal loan tailored to your financial requirements. Responsible handling of loans is crucial, ensuring that the chosen loan aligns with your budget and your capacity to repay it.

FAQ

What is the highest interest rate on a personal loan in Milwaukee, Wisconsin?

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

What is the biggest loan amount in Milwaukee, Wisconsin?

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

What credit score do I need to have to get a personal loan in Milwaukee, Wisconsin?

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

Author, editor

content@myfin.us

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