Best Personal Loans in Chandler, AZ: Top Lenders & Best Picks for You

Updated: December 28, 2023

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WHAT WE’RE GEEKING OUT ON

MoneyGeek's Picks for Best Personal Loan Lenders in Chandler, AZ

A personal loan can be an excellent choice when you require additional funds. To identify the best personal loans in Chandler, MoneyGeek analyzed over 30 lenders and assessed a range of factors, including loan amounts, interest rates and payback conditions. Numerous factors determine whether or not you are approved, including your employment status, minimum credit score and income.

MoneyGeek also analyzed some of these lenders' advantages, such as a user-friendly application process, online application alternatives and mobile applications for managing transactions.

Best Overall Personal Loan Lender in Chandler: LightStream


  • LightStream
    • 4.49% to 20.49%APR Range
    • 660Minimum Credit Score
    • $5,000 to $100,000Loan Amount Range
    • 24 to 84 monthsRepayment Terms
    • Same DayTime to Receive Funds

    According to MoneyGeek's analysis, LightStream is the best overall personal loan lender in Chandler. The firm was established in 2013 and is a subsidiary of Truist, an online lending business. The LightStream mobile application enables loan applications, payment submission and account management. Additionally, LightStream has flexible repayment terms.

    Prospective customers will be impressed by the insurer's lack of fees or penalties, especially if they want to repay the loan early. However, LightStream might not be the best option for everyone. You need a minimum credit score of 660 to qualify for a LightStream personal loan. In addition, the lender does not accept applications from individuals with poor or nonexistent credit.

    Pros

    • A+ rating from the Better Business Bureau (BBB)
    • A high maximum loan amount
    • Quick funds transfer
    • 0.5% discount for autopay

    Cons

    • Does not accept applications with limited or no credit history
    • Restricts use of funds
    • Conducts a rigorous credit check
    LightStream

Best Personal Loan Lender for Bad Credit in Chandler: Upstart


  • Upstart
    • 3.22% to 35.99%APR Range
    • 300Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds

    Founded in 2012, Upstart is an artificial intelligence (AI) lending platform with a strong reputation. With a low minimum credit score requirement of 300, it’s a great option for applicants with poor credit. You might even qualify for a loan from Upstart if you don't have a credit history, based on your specific situation.

    Upstart borrowers have access to their funds the following business day. You can borrow between $1,000 and $50,000 with payback durations ranging from 36 to 60 months. There are no usage restrictions on Upstart personal loans, so you are free to spend the money as you like.

    Pros

    • Performs a soft credit check
    • Financing completed in 1–2 days
    • Minimum credit rating of 300
    • No prepayment penalty

    Cons

    • No autopay discount
    • Late penalty fee
    • Up to 8% in origination fees
    • Does not accept applicants with a history of bankruptcy or delinquency
    Upstart

Best Personal Loan Lender for Good Credit in Chandler: SoFi


  • SoFi
    • 5.74% to 20.28%APR Range
    • 680Minimum Credit Score
    • $5,000 to $100,000Loan Amount Range
    • 12 to 60 monthsRepayment Terms
    • Two DaysTime to Receive Funds

    MoneyGeek named SoFi Chandler's top personal loan provider for anyone with a good credit score. Founded in 2011, the lender does not charge any fees and offers a broad range of loan amounts and flexible payback terms. Loans range from $5,000 to $100,000.

    Although SoFi requires a minimum credit rating of 680, highly qualified applicants can obtain substantial loans at the lowest interest rates. Borrowers often receive their funds a few days after their loan application is completed and can use these for personal or household expenses.

    Pros

    • A+ BBB rating
    • No late fees
    • No origination charges
    • 0.25% discount for automatic repayment
    • No prepayment penalties

    Cons

    • No co-signers accepted
    • Funding could require a few days
    • Good-to-excellent credit required
    SoFi

Best Personal Loan Lender for Debt Consolidation in Chandler: Upgrade


  • Upgrade
    • 5.94% to 35.47%APR Range
    • 560Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Same DayTime to Receive Funds

    Upgrade is a fintech startup founded in 2017 that offers personal loans, credit cards and checking accounts. It is MoneyGeek's top recommendation for those looking for a personal loan in Chandler to consolidate debt.

    Upgrade is an excellent alternative for debt consolidation, especially for individuals needing quick cash, because personal loans can be funded the same day a loan is approved. The company accepts candidates with at least a 560 credit score and has no minimum salary requirements. It offers loans of up to $50,000 with flexible repayment terms of up to 60 months.

    Pros

    • Requires a minimum credit score of 560
    • A+ BBB rating
    • Offers joint loans
    • Pays third-party creditors directly

    Cons

    • Relatively low maximum loan amount
    • $10 late fee
    • Hefty 8% origination fee
    Upgrade

Best Personal Loan Lender for Home Improvement in Chandler: Best Egg


  • Best Egg
    • 4.99% to 35.99%APR Range
    • 700Minimum Credit Score
    • $2,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds

    Best Egg is a Delaware-based online lender that offers secured and unsecured loans at low rates. The company provides loans between $2,000 and $50,000. MoneyGeek determined that this lender is best for those looking to renovate their homes.

    To qualify for a personal loan in Chandler, Best Egg requires a minimum credit score of 700, a minimum yearly income of $50,000 and a significant credit history. Some Best Egg borrowers receive their funds immediately; at times, financing disbursement may take up to three days.

    Pros

    • A+ BBB rating
    • Offers a mobile app
    • No prepayment fee
    • Soft credit inquiry
    • 0.5% autopay discount

    Cons

    • Requires a good credit score
    • Origination fees of 1%–6%
    Best Egg

Where to Start: How to Choose the Best Personal Loan Lender in Chandler for You

Arizona residents owe an average of $20,113 in personal loans. Before completing an application for a personal loan in Chandler, compare each firm’s loans, terms, interest rates and other charges. MoneyGeek suggests taking the following steps.

1
Ask Yourself the Important Questions

Before applying, thoroughly examine your financial needs. Spend some time thinking about the following questions:

  • How much funding do I need? The loan amount you require will affect various factors, including the repayment plan and the time it takes to finance your loan.
  • What is my credit score? Evaluating your credit score upfront will assist you in determining which lenders are most likely to approve you.
  • Can I afford the monthly payment? Personal loans require monthly payments because they are long-term responsibilities. Ensure that you can afford the monthly payments before taking out a loan, as failure to do so can result in costly interest and penalties.
  • How much debt do I already have? When obtaining a personal loan, ensure that your debt-to-income (DTI) ratio is not unreasonably high, as loan repayments will increase your DTI.
2
Do Your Research

A personal loan requires a long-term commitment. Always evaluate rates and terms from multiple lenders before completing a loan application. Review MoneyGeek's recommendations, but keep in mind that the best lender for you depends on your individual profile.

3
Wait

Take some time to think about your decision before applying for a personal loan. You'll be required to pay monthly installments for many years, so make sure you’ve considered all your options.

4
Read the Fine Print

Learn about the expenses, interest rates and penalties associated with a personal loan. Over time, late payment fees and other costs can accumulate, increasing your loan’s total amount beyond your initial estimate. Examine the fine print and request clarification from the lender if any rates or fees are unclear.

5
Apply

Once you’re confident you’ve chosen the ideal lender, you will need to produce identification, your address and other information and documents, such as your tax returns. Some lenders have an online application process, whereas others require you to call or visit in person.

What to Do if You Can’t Get a Personal Loan in Chandler

Personal loan lenders in Chandler may deny your application if you don’t meet their requirements, such as the minimum credit score or gross income. Ask your lender why you were denied. You may still qualify for a lower loan amount or different payment terms.

You can also apply with another lender, but not until you’ve remedied whatever factors caused your denial. For example, if you try to improve your creditworthiness over time, you may be able to obtain a loan in the future.

In the meantime, payday loans may seem like a reasonable option, but they typically come with exorbitant interest rates and limited repayment options. Consequently, we advise you to avoid them.

Frequently Asked Questions About Personal Loans in Chandler

We have answered frequently asked questions regarding personal loans to help you choose the best lender.

What is the best personal loan lender in Chandler?
Which lender in Chandler has the lowest interest rate?
Can I use a personal loan for vacations in Chandler?
Can I use a personal loan for home improvement in Chandler?
What can I not use my personal loan for in Chandler?
How much can I borrow in Chandler?
How long does it take to get a personal loan in Chandler?
Can I pay off my loan early in Chandler?

Our Personal Loan Methodology

METHODOLOGY

MoneyGeek evaluated over 30 personal loan companies using over 35 distinct data points in six crucial categories: loan pricing, accessibility, consumer friendliness, customer support, flexibility and lender transparency.

Under each ranking factor, we analyzed many data points that we believe are essential when selecting a personal loan lender, including APR ranges, maximum loan amounts, required credit scores, minimum income requirements, application costs and disbursement durations.

At MoneyGeek, we value you as a customer. We evaluate each lender's customer service, convenience, business ratings and other features, such as prequalification, alternative payment options and mobile applications.

Following deliberation and calculation, we draw conclusions with your best interests in mind. We hope our experienced guidance on personal loans will assist you in selecting the lender that best meets your financial objectives.

sources
Shield Insurance

The content on this page is accurate as of the posting/last updated date; however, some of the rates mentioned may have changed. We recommend visiting the lender's website for the most up-to-date information available.

Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, lender or other entity. Learn more about our editorial policies and expert editorial team.

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