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

Founded in 2013, LightStream is Truist Bank’s online lending division. It offers unique lending solutions to consumers nationwide. MoneyGeek’s analysis also found that the company offers the best overall personal loans in Irvine.

LightStream provides low-interest personal loans that range between $5,000 and $100,000. They come without origination, prepayment and late fees, which often increase the cost of your loan. There’s also a discount for choosing to set up automatic payments. With this lender, you can typically receive funding on the same day.

However, LightStream imposes restrictions on its fund usage. You can’t use your loan to fund college expenses, purchase bonds or refinance an existing loan from LightStream. This company may also not be a good fit for individuals with a credit score below 660.

If you have poor credit, Upstart may be your best option for personal loans in Irvine. You can borrow as little as $1,000 or as much as $50,000. Although the company doesn’t have a prepayment penalty, it charges an origination fee of up to 10% of the loan amount.

You can use your Upstart loan for a variety of purposes, including financing a large purchase or your dream vacation. However, the company prohibits California borrowers from using their funds on education expenses.

To qualify for an Upstart loan, you need a credit score of at least 300 and a debt-to-income ratio not higher than 50%. Take note that this company is not ideal for those looking to borrow a larger amount or use the money to pay for college.

Upstart is an artificial intelligence (AI) lending marketplace launched in 2012.

SoFi offers the best personal loans in Irvine for borrowers with good credit. The company was launched in 2011 and has since funded more than $50 billion in loans.

With SoFi, you can take out a personal loan from $5,000 to $100,000. This lender doesn’t charge origination, prepayment and late fees. You can reduce your loan cost further by getting a discount when you set up automatic payments.

However, SoFi’s personal loans are only available to individuals with a minimum credit score of 680 and a gross income of $50,000. This lender may also not be ideal for borrowers who intend to use the money on real estate, investments, business expenses or postsecondary education.

According to MoneyGeek’s study, Upgrade offers the best personal loans in Irvine for borrowers looking to consolidate debt. This lender pays your creditors directly instead of depositing the money in your bank account.

Upgrade’s personal loan limits range from $1,000 to $50,000, which you can receive on the same day. There’s no prepayment penalty, but there’s an up to 8% origination fee and up to a $10 late fee.

Aside from debt consolidation, you can use your Upgrade loan to pay off your credit cards or finance a major purchase. However, you’re not allowed to use the money for investments, postsecondary education or illegal activities.

To be eligible for a loan, you need a credit score of at least 560. Upgrade was launched in 2017, offering multiple financial products across 50 states.

Best Egg is the top personal loan lender in Irvine for borrowers doing home improvements. The company was established in 2014 and has since funded over $14 billion in loans. Among its best features include having no prepayment penalty, offering autopay discounts and allowing pre-qualifications with soft credit checks.

This lender offers personal loans between $2,000 and $50,000. You will need a minimum credit score of 700 and a minimum gross income of $100,000 to qualify for Best Egg’s lowest rate. There’s also a 0.99% to 8.99% origination fee.

Aside from home improvements, you can use your Best Egg personal loan for credit card refinancing, major purchases and medical or vacation expenses. However, you’re prohibited from using the funds for college, purchasing any securities or illegal activities.