Best Personal Loans in Glendale, 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 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


  • 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

    LightStream is the online lending platform of Truist Bank, which was founded in 2019 when SunTrust and Branch Banking and Trust merged. It provides personal loans for a wide range of needs, including home improvements, debt reduction, special occasions, travel and more.

    To be approved for a LightStream loan, you must have a credit score of at least 660. The company offers loans ranging from $5,000 to $100,000, with 24- to 84-month terms. LightStream distinguishes itself from its competitors by disbursing funds in as little as one day after your loan is approved. People who require an instant loan to cover an emergency expense may benefit by choosing this lender. For those seeking a loan with flexible payback options, LightStream offers the overall best personal loan in Glendale.

    Pros

    • No origination or late payment fees
    • Fair credit score requirement
    • Loan amount up to $100,000
    • Provides flexible repayment terms

    Cons

    • No prequalification online
    • Does not offer smaller loans
    • Does hard credit inquiry
    • No co-signers on personal loans
    • Cannot be used for funding postsecondary education
    LightStream

Best Personal Loan Lender for Bad Credit in Glendale: 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

    Upstart, founded in 2012, is an established artificial intelligence (AI) lending platform created to provide access to credit at reasonable rates for its bank partners. The company’s personal loans are available for several purposes: debt consolidation, home improvements, medical costs, credit card consolidation and auto loan refinancing.

    Many lenders place a strong emphasis on credit ratings, but Upstart also takes into account your employment status and your income. In addition, the provider runs a soft credit check, so your credit score is unaffected. For consumers with bad credit who need a personal loan in Glendale, Upstart is the best option, especially if you require a loan within one to two days.

    Pros

    • Low minimum credit score requirement
    • Does soft credit check
    • Low minimum income requirement
    • Low interest rates

    Cons

    • Charges origination fees of up to 8%
    • Exclusive to employed borrowers
    • No autopayment discount
    • Debt-to-income limit of 45%
    • Not offered to those with credit reports of bankruptcies or delinquencies
    Upstart

Best Personal Loan Lender for Good Credit in Glendale: 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

    SoFi, a 2011 startup, is a reliable option for anyone with a high-to-excellent credit score and an annual income of at least $50,000 who is seeking a personal loan. Strong borrowers with strong credit might like the experience of applying for a personal loan in Glendale through SoFi using its completely online application process.

    SoFi offers flexible repayment periods of up to 60 months, along with personal loans of up to $100,000. The company runs a soft credit check, which has no effect on your credit rating and is invisible to lenders. SoFi provides loans with no fees and low interest rates, but you need a credit score of at least 680 to qualify.

    Pros

    • Conducts soft credit inquiry
    • Maximum loan amount up to $100,000
    • Autopay discount rate of 0.3%
    • Generous repayment terms
    • No origination, prepayment or late penalty fees

    Cons

    • Lengthy loan approval time frame
    • Requires excellent credit score
    • Disbursements can take up to a week
    • Imposes restrictions on fund usage
    • Exclusive to employed borrowers with decent income
    SoFi

Best Personal Loan Lender for Debt Consolidation in Glendale: 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

    A group of fintech executives founded Upgrade in 2017, offering secured personal and auto loans, credit cards, rewards checking accounts and unsecured personal loans. Upgrade personal loans go up to $50,000 with customizable repayment plans that last no more than 60 months.

    The company emerged as MoneyGeek’s best personal loan in Glendale for debt consolidation. Upgrade accepts candidates with a credit score of at least 560 and has no minimum income criteria. As a result of its focus on borrowers with bad and fair credit, Upgrade charges reasonably high interest rates for its personal loans as well as late payments and origination fees.

    Pros

    • Does soft credit check
    • Provides 1% discount for autopay
    • No prepayment penalty
    • Reasonable minimum credit score requirement
    • No minimum income requirement

    Cons

    • Low loan limit of $50,000
    • Charges 8% in origination fees
    • Imposes late payment fees
    • Many restrictions on fund usage
    Upgrade

Best Personal Loan Lender for Home Improvement in Glendale: 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, a Delaware-based lender, provides moderately priced personal loans to borrowers with a consistent annual income and an excellent credit history. Other lenders may offer better terms to customers without a long credit history or steady employment. Best Egg allows consumers to obtain loans between $2,000 and $50,000.

    MoneyGeek chose Best Egg as the best personal loan lender in Glendale for home improvements. Some of its borrowers receive their money within a day, although funding release may take up to three days.

    Pros

    • Does soft credit inquiry
    • Provides 0.5% autopay discount
    • No prepayment penalty
    • Online and phone applications

    Cons

    • Low loan amounts
    • Potentially high interest rates
    • Charges origination and late fees
    • High credit score requirement
    • Requires minimum gross income of $50,000
    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.

1
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.
2
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.

3
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.

4
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.

5
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.

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

Our Personal Loan Methodology

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
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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