WHAT WE’RE GEEKING OUT ON

MoneyGeek's Picks for Best Personal Loan Lenders in Corona, CA

MoneyGeek gathered information from over 30 sources and assessed it using various criteria to discover the best personal loan lenders in Corona, California. We considered the following factors: minimum credit score, customer service quality, APRs, payback terms and time to receive funds.

MoneyGeek researched several providers for different borrower profiles to help you determine the best loan for you. For example, according to our research, LightStream is the best overall personal loan provider in Corona. SoFi is better for borrowers with good credit, whereas Upstart is best for individuals with bad credit.

Best Overall Personal Loan Lender in Corona: 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

Best Personal Loan Lender for Bad Credit in Corona: 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

Best Personal Loan Lender for Good Credit in Corona: 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

Best Personal Loan Lender for Debt Consolidation in Corona: 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

Best Personal Loan Lender for Home Improvement in Corona: 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

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

Personal loan eligibility is heavily influenced by various factors, including your credit score, income and the loan amount. In Corona, the average personal loan debt is $16,790. If you are interested in applying for a personal loan, MoneyGeek recommends taking the following steps:

1

Ask Yourself the Important Questions

Consider several factors when choosing the best personal loan lender for you in Corona. Ask yourself these questions:

  • How much funding do I need? When selecting a personal loan lender, one of the first things to consider is how much money you will need. This will determine what kind of loan products are available to you. Some lenders offer larger loans, while others provide smaller ones, and all have different qualifications for borrowers.
  • What is my credit score? When considering a personal loan, consider your credit score. Your credit score can impact your eligibility and the interest rate on your monthly payments.
  • Can I afford the monthly payment? Determine whether you can afford to pay back the loan. How will a new monthly payment fit into your budget?
  • How much debt do I already have? Lenders consider your debt-to-income ratio when deciding whether to loan you money.
2

Do Your Research

Personal loans are long-term commitments that affect your credit score. Shop around for the best interest rates and terms. This MoneyGeek guide is an excellent place to start.

3

Wait

If you need money quickly, it's tempting to rush into a loan, but waiting a day or two is better. Take time to thoroughly research the loan terms before making a decision.

4

Read the Fine Print

If you want to borrow money from a bank or other lender, you must understand how loans operate. Ensure you know the interest rates and fees before signing the contract. Moreover, understand when fees are assessed.

Don’t agree to terms you don’t understand. If something is unclear, ask questions.

5

Apply

Lenders generally want proof of identity, address and income during the application process. A quick phone call or visit to the lender can clarify issues that might hinder or delay approval.

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

Your personal loan application might be denied. Perhaps you don't have a good enough credit score or haven't maintained a stable salary for a minimum of six months. If a lender rejects your application, ask why. You may be able to change the loan amount or repayment timeframe.

If you want to apply with another lender, first address the issues that led to your application being turned down by the first lender.

Don't be tempted by payday loans. These come with high-interest rates and short repayment periods that can plunge you further into debt.

Frequently Asked Questions About Personal Loans in Corona

The best personal loan provider for you depends on your individual needs and financial profile. MoneyGeek answers the most frequently asked questions about Corona personal loans.

Our Personal Loan Methodology

We analyzed more than 30 personal loan providers using 35+ unique data points across six major categories: loan affordability, accessibility, consumer friendliness, customer service, flexibility and lender transparency.

We looked at factors under each area of our rating criteria to determine which personal loan providers were best. These factors include APR ranges, available loan amount, minimum credit score, income amount, application charges and disbursement time.

Because we care about you, the customer, MoneyGeek considers each lender's customer service, company ratings and any extra features that may make doing business with them more convenient for you, such as prequalification, payment options and mobile apps.

After thorough analysis and calculation, our recommendations are made with your best interest in mind. Our advice and guidance for personal loans are designed to help you choose the most suitable lender for your specific situation.

sources

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.