Best Personal Loans in Anchorage, AK: Top Lenders & Best Picks for You

The best personal loan in Anchorage overall is LightStream. MoneyGeek selected this lender for its affordable APR ranges, flexible repayment terms, convenient online application process, quick loan disbursement and mobile app.

Established in 2013, LightStream is an online consumer lender offering loans for various purposes, such as home improvement, debt consolidation and auto financing. Loan amounts range from $5,000 to $100,000, depending on the loan type. Borrowers who set up autopay before funding enjoy a 0.50% discount.

Pros

• A+ Better Business Bureau (BBB) rating
• No origination fees
• No prepayment fees
• No late payment fees
• 0.5% autopay discount

Upstart is the best personal loan lender in Anchorage for those with bad credit. This lender uses artificial intelligence to determine your eligibility. It looks at factors like education and employment history to determine interest rates and loan amounts.

Upstart offers loans ranging from $1,000 to $50,000 with fixed APR rates, depending on the borrower's creditworthiness. Loan repayment terms range from 36 to 60 months. After submitting documents, you can receive funds within one business day.

Pros

• A+ BBB rating
• Low credit score requirement
• Initial soft credit inquiry
• No prepayment penalties
• Offers joint loans

SoFi is the best personal lender in Anchorage if you have a good credit score. You can borrow from $5,000 to $100,000. SoFi does a soft credit pull, so checking your rate for a personal loan won’t affect your credit score.

Some borrowers may find it difficult to qualify with this lender because of its strict requirements. You need a minimum credit score of 680 and must provide proof of income of at least $50,00 to get approved. SoFi offers unemployment protection, which temporarily modifies your payments until you can find a new job.

Pros

• A+ BBB rating
• Optional 0.25% discount for automatic repayment
• No origination fees
• No prepayment penalties
• Unemployment protection

MoneyGeek recommends Upgrade as the best personal loan lender in Anchorage for those planning to consolidate multiple debts. You can streamline your payments and manage them easily by taking out a debt consolidation loan from Upgrade. It comes with low fixed rates, so you can get out of debt faster.

This lender provides loans of up to $50,000 with flexible repayment terms. Upgrade has a quick and easy application process where you can compare multiple loan options and find the best rate for your financial situation. Funds are automatically sent directly to your bank account. However, expect to pay a one-time origination fee of up to 8% of your loan amount, which is automatically deducted from your loan proceeds.

Pros

• A+ BBB rating
• Moderate credit score requirement of 560
• 1.0% autopay discount
• Conducts soft credit inquiry
• No prepayment fees

Best Egg is the best personal lender in Anchorage if you need funding for home improvements and renovations. With competitive interest rates, fixed monthly payments and fixed loan terms, a Best Egg loan is a better choice for home improvement than a home equity line of credit that uses your house as collateral. Loan amounts range from $2,000 to $50,000. Repayment terms range from 36 to 60 months. You can use the funds to replace your garage door, remodel your kitchen, install a deck and patio or for any other home improvement project.

To qualify, borrowers must have a credit score of at least 700. Those with incomes higher than $100,000 enjoy the lowest APRs. The lender charges origination fees, but those who sign up for autopay get a 0.5% interest rate discount.

Pros

• A+ BBB rating
• 0.5% auto payment discount
• Soft credit inquiry
• No prepayment penalty
• Has a mobile app