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

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Edited byAshley Jacobs
Edited byAshley Jacobs

Updated: December 28, 2023

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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


  • 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 SunTrust Banks' online consumer lending division that was launched in 2013.

    MoneyGeek gathered information about several lenders operating in California. Given the lack of fees, including origination, late and prepayment fees, LightStream was ranked as the best option.

    It's ideal for customers who instantly want a large loan. If you qualify for a loan and are approved on a banking business day, you can get the funds the same day. Additionally, the BBB gave LightStream an A+ rating.

    Individuals with credit scores below 660 are not eligible for a loan. Also, you cannot get a LightStream loan if you have new or no credit.

    Pros

    • No origination fee
    • No prepayment penalty
    • No late fee
    • Autopay discount

    Cons

    • Not available to people with new or no credit
    • Requires good-to-excellent credit
    • Conducts hard credit inquiry
    • Minimum loan amount of $5,000
    • No co-signers
    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

    Having bad credit might make it difficult to get personal loans from certain providers. However, some lenders provide personal loans in Glendale to those with bad credit.

    According to MoneyGeek's study, Upstart is the best choice in the city. This provider's minimum credit score requirement is 300, and it typically disburses funds the next day.

    Furthermore, the company conducts a soft inquiry initially to avoid affecting your creditworthiness. It will only make a hard inquiry if the borrower accepts the rate and completes the application.

    However, if you are shopping for larger loan amounts higher than $50,000, Upstart may not be the best option.

    Pros

    • Conducts soft inquiry for credit checks
    • A+ rating from the BBB
    • Low credit score requirement
    • No prepayment penalty
    • Can get a loan as low as $1,000

    Cons

    • Charges origination fees
    • No autopay discount
    • No co-signers
    • Maximum loan amount of $50,000
    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 is MoneyGeek's pick for the best lender for those with excellent credit. It requires a minimum credit rating of 680. The lender doesn't charge prepayment penalties, origination or late fees, allowing you to save money. In addition, SoFi offers an autopay discount. SoFi even allows you to borrow up to $100,000 if you need a large loan.

    Borrowers may also be eligible for unemployment insurance. That implies SoFi may temporarily modify repayments if you lose your job. However, the lender may not be the best option for customers with bad credit since it requires a score of 680 or higher for approval.

    Pros

    • Allows you to borrow up to $100,000
    • Does not charge an origination fee
    • Conducts soft credit inquiries
    • A+ rating from the BBB
    • Autopay discount

    Cons

    • High minimum loan amount
    • Requires good-to-excellent credit score
    • Income requirements
    • No co-signers
    • Won’t accept people with new or no credit
    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

    Upgrade is a 2016-founded American neobank. MoneyGeek found that it’s the best lender for debt consolidation. The lender will pay your creditors directly.

    This loan provider accepts credit scores as low as 560, making it a perfect choice for anyone with modest creditworthiness. The Upgrade loan application can be submitted online or in person, and funds are disbursed on the same day.

    Upgrade limits borrowed funds usage. Its loans cannot be used for postsecondary education or investments.

    Keep in mind that Upgrade charges an origination fee of up to 8%. This is deducted from your loan total. It also has a high maximum interest rate.

    Pros

    • A+ rating from BBB
    • Conducts soft credit inquiry
    • No prepayment penalty
    • Fair minimum credit score
    • Autopay discount

    Cons

    • Charges late payment fees
    • Potentially high origination fees
    • No co-signers
    • Low maximum loan amount
    • High maximum APRs
    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 may be the ideal lender for you if you need personal loans in Glendale to fund home improvements. Best Egg is the top lender in this category, as per MoneyGeek's review.

    Loans are typically funded within the next day. With this lender, you may save 0.5% on your automatic payments.

    However, Best Egg may not be the best option for every borrower. If your credit score is below 700, you're ineligible for a Best Egg loan. If you need a large loan, this lender may not be for you since it only offers up to $50,000.

    Pros

    • A+ rating from BBB
    • Fast online application
    • 0.5% automatic repayment discount
    • No debt-to-income limits
    • No prepayment penalty

    Cons

    • High credit score requirement
    • Charges origination fee
    • No co-signers
    • Late fees
    • Income requirements
    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.

1
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?
2
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.

3
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.

4
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.

5
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.

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

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.
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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.