Best Personal Loans in Fremont, CA: Top Lenders & Best Picks for You

LightStream, the online consumer lending division of SunTrust Banks, was founded in 2013. It offers loans nationwide.

MoneyGeek collected data from several Fremont lenders. LightStream was selected as the overall best option because, in addition to obtaining an A+ rating from the Better Business Bureau, it has no origination, late or prepayment penalties. Generally, the LightStream loan disbursement process is fast enough for borrowers to get their funds on the same day the loan is granted.

One downside of this lender is that individuals with credit scores below 660 and those with new or no credit are ineligible for its loans.

Pros

• High maximum loan amount
• A+ BBB rating
• Autopay discount
• No prepayment penalty

Upstart, an AI financing platform, was established in 2012. The company has recently originated $28.6 billion in loans, with 73% of loans fully automated.

Upstart might be a good option if you need a personal loan in Fremont while also working to improve your credit score. As one of the few companies that require only a minimum credit score of 300 to qualify, it's ideal for anyone with bad credit. However, Upstart has a considerably lower maximum loan amount of $50,000 compared with other lenders that may lend as much as $100,000.

It is ideal to pay your monthly rates on time. However, Upstart offers a 10-day grace period before imposing a late charge if you can’t.

Pros

• Conducts soft credit inquiries
• A+ rating from BBB
• Low minimum credit score
• Loans as low as $1,000
• No prepayment penalty

If you have excellent credit, you are a desirable loan prospect for lenders. With so many lenders prepared to assist you with a personal loan in Fremont, choosing the right option for you can be difficult. MoneyGeek examined various lenders and concluded that SoFi was the best lender for those with good credit.

SoFi has financed over $59 billion in loans since its launch in 2011. This lender has over four million members and has paid off over $22 billion in debt. It provides loans of up to $100,000 without origination, prepayment or late fees.

Remember that SoFi will not approve you for a personal loan if your credit score is less than 680.

Pros

• Offers an autopay discount
• A+ rating from the BBB
• Allows you to borrow up to $100,000
• No origination fee
• Conducts soft credit check

Launched in 2016, Upgrade is available in all 50 states.

When evaluating the best Fremont personal loans for debt consolidation, MoneyGeek took into account several factors and found Upgrade to be the best option.

Upgrade has a low credit score requirement of 560, meaning that even borrowers with less-than-perfect credit may be eligible for personal loans from the company. There is also no minimum income requirement. Users of Upgrade can download the app and submit their loan application online or in person.

The lender, however, restricts how its funds can be used. It is not permitted to use an Upgrade loan to cover postsecondary tuition. Additionally, Upgrade personal loans may not be your best option if you want to invest borrowed funds.

Pros

• Moderate credit score requirement
• No prepayment fees
• Conducts soft credit check
• A+ BBB rating
• Autopay discount

MoneyGeek examined the best lender for Fremont homeowners who are shopping for personal loans for home improvement. We found Best Egg to be the top-rated lender for this borrower's profile. Borrowers can obtain loans ranging from $2,000 to $50,000. Some Best Egg borrowers receive funds the next day.

To qualify for a Best Egg personal loan, a borrower must have a credit score of at least 700, an annual income of at least $50,000 and a substantial credit history. As a result, individuals who do not have a long credit history or stable work may receive better terms with other lenders.

Pros

• A+ rating from BBB
• No prepayment penalties
• Autopay discount
• Conducts a soft inquiry