Best Personal Loans in Glendale, AZ: Top Lenders & Best Picks for You
Updated: December 28, 2023
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- The Best Overall Personal Loan Lender in Glendale
- The Best Personal Loan Lender for Bad Credit in Glendale
- The Best Personal Loan Lender for Good Credit in Glendale
- The Best Personal Loan Lender for Debt Consolidation in Glendale
- The Best Personal Loan Lender for Home Improvements in Glendale
- How to Choose the Right Personal Loan for You
- Frequently Asked Questions About Personal Loans in Glendale
MoneyGeek's Picks for Best Personal Loan Lenders in Glendale, AZ
A personal loan could be the best option when you need extra funds. MoneyGeek examined more than 30 lenders to assist you in choosing the best personal loan option in Glendale — taking into account various factors, including loan amounts, repayment schedules and interest rates. Your minimum credit score, proof of income and proof of employment can affect your approval.
A customer-friendly application process, online application alternatives and smartphone apps to help manage your transactions are just a few of the conveniences that these lenders may offer, according to MoneyGeek.
Best Overall Personal Loan Lender in Glendale: LightStream
Best Personal Loan Lender for Bad Credit in Glendale: Upstart
Best Personal Loan Lender for Good Credit in Glendale: SoFi
Best Personal Loan Lender for Debt Consolidation in Glendale: Upgrade
Best Personal Loan Lender for Home Improvement in Glendale: Best Egg
Where to Start: How to Choose the Best Personal Loan Lender in Glendale for You
The average personal loan debt in Arizona is $20,113. Think carefully before applying for a personal loan in Glendale – this includes comparing interest rates, loan amounts, loan terms and any possible costs.
According to MoneyGeek's research, you should make a few key considerations before submitting an application for a personal loan in Glendale.
Ask Yourself the Important Questions
Think about whether a personal loan is a good idea for you before deciding which lenders' eligibility standards you meet. Ask yourself the following questions to discover the best personal loan in Glendale:
- How much money do I need? Figure out how much money you'll need, then look for a lender who can give you that much.
- How is my credit rating? Your credit score impacts your ability to get loans and the interest rates you will pay.
- Do I have the means to make the required monthly payment? If you cannot make payments, you will incur late fees, and your credit will suffer.
- Do I owe any money right now? Adding another loan to your list if you're currently making payments on other debts may not be the best strategy for you.
Do Your Research
Complete your research before applying for a personal loan in Glendale. Evaluate interest rates from several lenders to find which lender provides the best deal for your preferences. Verify where you can use the funds because some lenders have restrictions on how you may use your loan.
MoneyGeek keeps you up to date and suggests the best lenders for different scenarios, so regardless of your unique profile, our study might help you make a well-informed choice.
Wait
You will be responsible for repaying your personal loan for about two to four years. Once you've acquired all the data you require, take time to think. Do nothing until you are certain that you can manage all of the obligations associated with the loan.
Read the Fine Print
Reading the fine print is essential before completing the application. You could be surprised by significant expenses if you don't read the small print. Don't assume you are familiar with all aspects of the loan. Study it thoroughly to comprehend every detail.
Apply
The lender will ask you to submit supporting documentation and information during the application process. In addition to applying for a loan online, you can contact the lender by phone or in person.
What to Do if You Can’t Get a Personal Loan in Glendale
Your application for a personal loan in Glendale might be turned down for several reasons: low credit rating, excessive loan amounts, insufficient income and unverified or missing application information.
Application rejection, though, shouldn't be a cause for concern. Call your lender and ask for the particular reason why your application was rejected. Once you know the cause, you can make changes to prevent future rejections.
You might be able to change some loan terms with the lender's permission. These adjustments can involve lowering the loan amount or double-checking some of the data in your application.
Another option is to apply for a loan with a different lender. However, doing so without addressing why you were turned down can result in subsequent application rejections. Therefore, the best course of action following an application rejection is to address the reason for the denial.
Frequently Asked Questions About Personal Loans in Glendale
Your financial needs are still the most crucial factor to consider when selecting a personal loan lender. MoneyGeek has provided answers to frequently asked questions about Glendale personal loans to assist you in making a decision.
LightStream provides the best personal loans in Glendale, according to MoneyGeek's evaluation of area lenders. Keep in mind that depending on your particular needs, a different lender may be a better choice for you.
Depending on the borrower and the loan, Upstart offers a low interest rate in Glendale.
Yes, you can typically use personal loans to pay for vacations. MoneyGeek encourages you to always discuss your intended loan use with your lender because some may have restrictions on how the funds can be utilized.
You can pay for renovations to your home with personal loans in Glendale. MoneyGeek's top recommendation for customers looking to finance a home renovation project is Best Egg.
Companies may have limitations on how you can use your personal loan. Some lenders forbid borrowers from using personal loans to fund investments, ventures, gambling and education costs.
The maximum loan amount in Glendale varies depending on the lender, but it often ranges between $1,000 and $100,000.
Depending on the lender, personal loans can take up to a week to fund in Glendale.
You can choose to settle your personal loan obligation before the due date. Some lenders may apply a prepayment penalty, but the majority do not. Read the loan agreement's fine print for more information.
Our Personal Loan Methodology
Using 35+ distinct data points in six critical categories — loan affordability, accessibility, consumer friendliness, customer service, flexibility and lender transparency — MoneyGeek evaluated more than 30 personal loan lenders.
We considered many data elements that we believe are most important when selecting a personal loan lender under each ranking criterion area: APR ranges, maximum loan amount, credit score required, minimum income required, application cost and disbursement period.
We value you as a client here at MoneyGeek, so we also take into account each lender's customer service, business ratings and extra features, such as prequalification, payment alternatives and mobile apps.
After extensive deliberation and computation, we make our selections with your best interests in mind. We hope that our personal loan suggestions from industry professionals will enable you to select a lender that best matches your needs.
sources
- LightStream. "About Us." Accessed September 8, 2022.
- Social Finance, Inc. "Low Rates. No Fees. Personal Loans Made Easy." Accessed September 8, 2022.
- Upstart Network, Inc. "This Is Upstart." Accessed September 8, 2022.
- Upstart Network, Inc. "What Are the Minimum Credit Requirements to Receive a Loan?." Accessed September 8, 2022.
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
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