Best Personal Loans in Glendale, CA

fact checked icon

Updated: October 12, 2024

Advertising & Editorial Disclosure

California Credit Union stands out as the best personal loan lender in Glendale, California, with a MoneyGeek score of 97 out of 100 due to its quality service, competitive interest rates and credible and transparent process, while Laurel Road, earning a MoneyGeek Score of 94 out of 100, excels as the top choice for online personal loans with its competitive interest rates, reputable transparency and fast application and approval process.

MoneyGeek assessed local lenders based on interest rates, loan terms, the loan application process and the speed of loan funding to provide the best city recommendations. If you are interested in national lenders, our picks are available on the best personal loans in California.

MoneyGeek analyzed hundreds of lenders based on a rubric that includes APR ranges, loan amounts and repayment terms, among other key areas. We use a point-based system, assigning scores according to the presence or absence of certain desirable features in various critical categories.

recency icon

Our overall analysis was completed in October 2024. Here we considered banks and credit unions with brick and mortar locations in Glendale, California. We also looked at online-only lenders licensed to do business in the state.

325Lenders Analyzed Nationally

Overall Best Personal Loan in Glendale, CA

Company logo for California Credit Union
California Credit Union
MoneyGeek Score:
97/ of 100

APR Range8.99% to 19.50%
Loan Amount RangeUp to $50,000
Repayment TermsUp to 120 months
Time to Receive FundsUndisclosed
Overview

California Credit Union stands out as the best personal loan lender in Glendale, California, with a MoneyGeek score of 97 out of 100. California Credit Union, which is federally insured by the National Credit Union Administration (NCUA), has been serving members since 1931. It provides a 45-day grace period before the first loan payment is due, offering flexibility that can ease initial financial burdens.

There's also a handy loan calculator to help manage potential costs. However, its borrowing limit is $50,000, which might not suffice for larger financial needs. Additionally, information about loans on its website is limited, requiring more effort to gather details.

Best Online Personal Loan in Glendale, CA

Company logo for Laurel Road
Laurel Road
MoneyGeek Score:
94/ of 100

APR Range8.99% to 24.25%
Loan Amount Range$5,000 to $45,000
Repayment Terms36 to 60 months
Time to Receive Funds7 Business Days
Overview

If you're looking for the best online lender for personal loans in Glendale, California, Laurel Road should be on your radar with a MoneyGeek score of 94 out of 100. It offers a loan amount range from $5,000 to $45,000 and repayment terms spanning 36 to 60 months. Laurel Road appeals to borrowers with its 0.25% autopay discount and lack of origination fees, which can make a difference in overall loan costs.

However, it's important to be aware that the minimum loan amount is quite high, which may not suit those who need smaller loans. Additionally, its late fee structure, setting fees at 5% or $28, can add to the cost if you miss a payment deadline.

Calculate Your Monthly Payment in Glendale, CA

The United States Census Bureau reported the median annual household income in Glendale, California, in 2022 as $77,483. Regardless of whether your actual income is above or below this median value, what matters is your ability to afford the monthly loan payments. Use our personal loan calculator to estimate your monthly loan payments and the total cost of the loan by entering the loan amount, rate and terms.

For example, if you take out a personal loan of $10,000 with a 10% interest rate and a three-year repayment term, the monthly payment would be $323, totaling $3,876 per year. This represents approximately 5% of the median annual household income of $77,483.

Personal Loan Calculator

Estimate the monthly payment for your loan.

Updated: Oct 14, 2024

5 Years
Shield Insurance

Why You Can Trust MoneyGeek

Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.

Runner-Up for Best Personal Loan in Glendale, CA

Company logo for Los Angeles Federal Credit Union
Los Angeles Federal Credit Union
MoneyGeek Score:
94/ of 100

APR RangeFrom 12%
Loan Amount Range$5,000 to $50,000
Repayment Terms60 months
Time to Receive FundsUndisclosed
Overview

Los Angeles Federal Credit Union stands as the runner-up in the best personal loans category in Glendale, California, earning a MoneyGeek score of 94 out of 100. Established in 1936, Los Angeles City Employees Federal Credit Union is federally insured by the National Credit Union Administration (NCUA). Those considering a loan with it should take into account its offer of up to a 0.75% rate discount, based on its loyalty rewards program level, which is a reason to consider maintaining an account with this credit union.

Its loan payment calculator is another tool that borrowers might find helpful, allowing them to better understand their monthly commitments. However, potential borrowers need to be aware that it charges a $30 fee for loan extension or modification, which could add unexpected costs. Additionally, it provides no option to prequalify, which can limit your ability to gauge potential offers without impacting your credit score.

Other Options for Personal Loans in Glendale, CA

Company logo for Clearpath Federal Credit Union
Clearpath Federal Credit Union
MoneyGeek Score:
94/ of 100

MoneyGeek Score94
APR RangeFrom 9%
Loan Amount Range$500 to $20,000
Repayment TermsUp to 60 months
Time to Receive FundsUndisclosed
Overview

Clearpath Federal Credit Union is a great option for personal loans in Glendale, California, with a MoneyGeek score of 94 out of 100. Clearpath Federal Credit Union, which is federally insured by the National Credit Union Administration (NCUA), has been serving members since 1954. You may be interested to know you can borrow as low as $500 from it. This flexibility allows you to secure funds for small needs without borrowing more than necessary, and there’s an option to skip a loan payment every six posted consecutive payments, which offers added financial relief if needed.

However, do keep in mind its loan amount caps at $20,000, so it may not suit larger financial requirements. Plus, it charges a 5% late fee, so timely payments are crucial to avoiding additional costs.

Company logo for Glendale Area Schools Credit Union
Glendale Area Schools Credit Union
MoneyGeek Score:
93/ of 100

MoneyGeek Score93
APR RangeFrom 9.99%
Loan Amount RangeUndisclosed
Repayment Terms12 to 60 months
Time to Receive FundsUndisclosed
Overview

Glendale Area Schools Credit Union stands out as a solid option for personal loans in Glendale, California, with a MoneyGeek score of 93 out of 100. Founded in 1937 by two GUSD teachers, it is federally insured by the National Credit Union Administration (NCUA). Borrowers will appreciate that it offers an APR as low as 9.99% and has no prepayment penalties, allowing you to pay off your loan early without extra costs.

However, you can't prequalify, which means you may need to do more upfront work when applying. Additionally, its website provides little information about loans, potentially making it harder to find the necessary details before applying.

National Lenders With Physical Locations in Glendale, CA

Borrowers in Glendale, California seeking the best personal loans and who value face-to-face interactions can look into services provided by national lenders like Wells Fargo and U.S. Bank. These lenders have a presence in the city and offer a range of personal loan options to meet various financial needs.

U.S. BankAPR Range8.74% to 24.99%Loan Amount Range$1,000 to $50,000Repayment Terms12 to 84 months
Wells FargoAPR Range7.49% to 24.99%Loan Amount Range$3,000 to $100,000Repayment Terms12 to 84 months

What to Do if You Can't Get a Personal Loan in Glendale, CA

Your personal loan application in Glendale, California, can get denied due to factors like a low credit score, negative financial history, or an unfavorable debt-to-income ratio. If this happens, consider steps to address the issues and improve your chances for future approval.

1
Find out the reason for the denial

Some lenders may deny your loan application due to a poor credit score, high debt-to-income ratio, low income level, or errors in your application. Review the reasons to improve your weak areas and prevent another loan application denial in the future.

2
Modify your loan terms

You can try asking your lender if you can adjust the loan amount or repayment terms to get approved.

3
Look for another lender

Different lenders have varying eligibility criteria for personal loan approval. Shopping around and considering factors such as minimum credit score requirements, interest rates, loan terms, additional fees, and customer service is important to find the best lender for your particular needs and circumstances.

4
Explore credit counseling services

Lenders often look at your debt-to-income ratio when evaluating your loan application. You may consider a credit counseling agency to better manage your credit card debt and develop your budget. You can get credit counseling services from LA County's Department of Consumer and Business Affairs. Department of Justice's list of approved credit counseling agencies can be another option.

FAQ About Personal Loans in Glendale, CA

We addressed common questions about the best personal loans in Glendale, California, offering valuable insight to assist with informed decision-making.

Who is the best overall personal loan lender in Glendale, California?
What are personal loans used for in Glendale, California?
What are the interest rates on personal loans in Glendale, California?
What are the benefits and drawbacks of personal loans?
What are some personal loan red flags to look out for?
How to apply for a personal loan online?
Can I get a personal loan with bad credit in Glendale, California?
What are the best low-interest personal loans in Glendale, California?
What is an installment loan? Is there a difference between personal loans and installment loans in Glendale, California?
Is there a difference between credit union loans and bank loans in Glendale, California?
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.