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

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Edited byMargarita Barresi

Updated: December 28, 2023

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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.

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Best Overall Personal Loan Lender in Chandler: LightStream

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Best Personal Loan Lender for Bad Credit in Chandler: Upstart

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Best Personal Loan Lender for Good Credit in Chandler: SoFi

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Best Personal Loan Lender for Debt Consolidation in Chandler: Upgrade

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

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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.

With its low interest rates, adaptable loan limits and flexible repayment options, LightStream is the best personal loan lender in Chandler. Keep in mind that a different lender may be a better fit for your particular circumstances.

LightStream's interest rates are the lowest in Chandler. However, this rate is dependent on your creditworthiness and financial history.

You can fund travel with a personal loan in Chandler. When you apply for a personal loan, lenders typically specify any restrictions on how you can spend the funds. Be sure to ask about such restrictions.

You can use personal loans for home improvements in Chandler. Best Egg is the best option for home improvement loans and offers both secured and unsecured personal loans.

Some companies may limit the use of funds for postsecondary education, investments and other purposes. Others, however, do not place limitations on the use of funds.

Personal loan amounts in Chandler can range from $1,000 to $100,000. The amount you can borrow will be determined by your profile and the lender you choose. Lenders consider your creditworthiness when determining how much you can borrow.

Personal loans in Chandler are available anywhere from the same day to seven days. Contact your lender to learn how quickly it can disburse funds.

The majority of lenders in Chandler do not impose additional fees for early payment. Read the fine print to see whether your loan includes prepayment fees.

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.