Best Personal Loans in Glendale, CA: 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, CA
Your needs and circumstances will determine which personal loan in Glendale is ideal for you. MoneyGeek used over 30 data points to identify the top lenders in the state for various borrower profiles. BBB ratings, loan amounts, payback periods, interest rates, penalties, fees and minimum requirements were all considered and compared.
The ideal loan provider for you may vary based on your unique circumstances. We researched and identified the top lenders for different borrower profiles.
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
In Glendale, the average personal loan debt is $16,790. Personal loans give you financial flexibility since you can use them for different reasons. However, before finalizing a loan, you should verify the terms with your lender to see whether there are any restrictions.
Before applying, borrowers must consider several factors, including your credit score, current debts and monthly income. MoneyGeek's research outlines the steps before applying for a personal loan in Glendale.
Ask Yourself the Important Questions
Consider if a personal loan is a good option for you. Find out which lender has qualifying procedures and requirements that you meet. Plus, make sure the personal loan you're acquiring fits your needs.
Before applying for a personal loan in Glendale, ask yourself the following questions:
- How much funding do I need?
- What is my credit score?
- Can I afford the monthly payment?
- How much debt do I already have?
Do Your Research
Personal loans require commitment. The average loan term is two to four years, which implies a significant time commitment.
Do your research before applying for a loan. Learn all of the loan options and details. Certain lenders perform credit checks. A hard credit check may have an impact on your credit score.
Compare interest rates from several lenders to get the best deal for you. MoneyGeek created this guide to offer helpful information as you go through the personal loan application process. However, MoneyGeek's recommendations may not be suitable for your specific situation. You should weigh your options to choose the best option for you.
Wait
Be careful before committing to a personal loan. It requires a long-term commitment. This is why you must be certain that obtaining one is your best option.
Think it over when you've finished your research. Don't rush anything. We recommend waiting a day or two before making a decision. Taking some time to evaluate your decision may even help you find an alternate funding source.
Read the Fine Print
Once you've selected a lender, thoroughly read all of its disclosures. Prepayment penalties, high origination costs, early payback penalties and other expenses that may increase the overall cost of borrowing should be avoided. Before signing anything, understand how this may affect your loan. Also, compare interest rates and terms. This can help you avoid being caught off guard by any fees.
Apply
After you've completed your research, the final step is to apply. Whether you apply online or in person, ensure your information is well-organized and easy to find. During the application process, lenders must request identity, address verification and evidence of income. If anything is unclear during your application, ask the lender about it.
What to Do if You Can’t Get a Personal Loan in Glendale
Personal loan applications are not always accepted. If yours is declined, it could be because your credit score isn't high enough for a lender or you haven't had a consistent income for a long enough time. If your loan application is denied, you may contact the lender by phone or email to find out why.
You can apply for a loan with another company if needed, but it's best to wait until you've remedied whatever issue caused your prior application to be declined. Finding an alternative lender may include submitting applications to many lenders.
Payday loans may seem attractive if you need money quickly, but they have many downsides. These loans are often associated with high-interest rates and short payback terms.
Frequently Asked Questions About Personal Loans in Glendale
The best Glendale personal loan lender for you will depend on your particular needs. Our answers to some of the most frequently asked questions may help you determine which lender is right for you.
According to MoneyGeek's data, LightStream is Glendale's best personal loan company. However, your ideal personal loan provider may depend on your specific requirements. Upstart is the best lender for bad credit borrowers. SoFi ranks first for borrowers with excellent credit. Upgrade is the best option for debt consolidation for individuals. The best lender for home renovation loans is Best Egg.
LightStream provides Glendale's lowest interest rate.
Yes, you may utilize your personal loan for various purposes, including a vacation. However, you should verify if your lender puts limits on utilizing a personal loan to fund a trip.
Yes, you can utilize a personal loan for home improvement in Glendale. Best Egg is the best lender for home renovation loans in Glendale.
Each lender sets personal loan limits in Glendale. Upgrade, for example, prohibits you from utilizing the borrowed funds to pay for postsecondary education or for investing. Talk to your lender to understand any fund usage restrictions.
Personal loan amounts differ from one lender to the next. LightStream, for example, allows you to borrow up to $100,000. Meanwhile, the maximum loan amount available from Best Egg is $50,000. Before submitting your application, research the minimum and maximum loan amounts.
The duration of time it takes for you to get funds is determined by the lender. Some companies provide same-day fund payouts; others may take up to seven days.
You can pay off your debt early. However, you will want to check with your lender to see if there is an early payment penalty.
Our Personal Loan Methodology
We reviewed more than 30 personal loan lenders using 35+ individual data points across six key categories. These included loan affordability, accessibility, consumer friendliness, customer service, flexibility and lender transparency.
Within each ranking criteria category, we considered several individual data points that we feel carry the most weight when choosing a personal loan lender. These factors include APR ranges, available loan amount, minimum credit score, minimum income amount, application fees and disbursement time.
Here at MoneyGeek, we value you, the consumer, so we also factor in each lender’s customer support, business ratings and additional features that could make your experience easier and more accessible, like prequalification, payment options and mobile apps.
After careful consideration and calculation, our picks are determined with your best interest in mind. Our personal loan recommendations and expert tips are meant to help you make the best decision when choosing a lender that meets your needs.
sources
- Best Egg. "Best Egg." Accessed September 9, 2022.
- LightStream. "LightStream." Accessed September 9, 2022.
- SoFi. "SoFi." Accessed September 9, 2022.
- Upgrade. "Upgrade." Accessed September 9, 2022.
- Upstart. "Upstart." Accessed September 9, 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
our editorial policies and expert editorial team.