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

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Edited byAshley Jacobs

Updated: December 28, 2023

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MoneyGeek's Picks for Best Personal Loan Lenders in Moreno Valley, CA

MoneyGeek evaluated over 30 data points to get our rankings and find the best lender for personal loans in Moreno Valley. APR ranges, loan payback terms, minimum credit score, income criteria, loan accessibility, disbursement times, fees and penalties and more were among the data factors taken into account. The borrower's financial profile and funding request also decide which lender works best for them.

We analyzed several variables to find the top lenders for consumers with good credit history and bad credit history as well as for those needing funds for debt consolidation and home improvement.


Best Overall Personal Loan Lender in Moreno Valley: LightStream


Best Personal Loan Lender for Bad Credit in Moreno Valley: Upstart


Best Personal Loan Lender for Good Credit in Moreno Valley: SoFi


Best Personal Loan Lender for Debt Consolidation in Moreno Valley: Upgrade


Best Personal Loan Lender for Home Improvement in Moreno Valley: Best Egg


Where to Start: How to Choose the Best Personal Loan Lender in Moreno Valley for You

Your credit history, credit score, monthly income, debt-to-income ratio and other factors are evaluated by lenders to determine your eligibility for a personal loan from them. The average interest rate for personal loans in California is 10.21%, with borrowers averaging a personal loan debt load of $16,790.

Listed below are some of the measures MoneyGeek suggests taking to find a reputable lender and the best personal loans in Moreno Valley:


Ask Yourself the Important Questions

You need to have the answers to the following questions before deciding on a lender and completing an application for a personal loan:

  • How much funding do I need? Understanding how much funding you need can help you narrow down the lenders you want to consider since certain lenders have funding minimums and maximums.
  • What is my credit score? As certain lenders have specific minimum credit score requirements, knowing what your credit score is can help you determine which lenders might approve your application.
  • Can I afford the monthly payment? Ensure you aren’t taking out a loan you can’t repay. Otherwise, you may fall deeper into debt.
  • How much debt do I already have? Making sure you are not overextending yourself with more debt is important since it could be disastrous to your finances.

Do Your Research

Rates and fees on personal loans may be different between lenders, which results in significantly different quotes. It's a good idea to shop around for a suitable loan provider before applying for one. By taking out a personal loan, you are committing to paying back a huge amount of money, including the rates and fees. Repaying a personal loan might take several years depending on the loan term and size. As a result, before deciding on a loan or a lender, be sure the company is a good fit for your situation.

Remember that MoneyGeek's recommendations are general, so you'll need to do some further reading and research before making a final decision.



It's normal to feel overwhelmed when each lender offers you a variety of options, features, rates and fees to compare. Personal loans are a significant financial commitment, so it may be prudent to wait a few days before finalizing a contract. Take some time to evaluate your alternatives after you've finished your research but before you submit an application. You may find that a different option for financing is a better fit for your situation.


Read the Fine Print

It's natural to miss important details when shopping around for personal loans. Before committing to a lender, find out what fees, interest rates and penalties will be charged. Take note of the payment terms and interest rates. You can save hundreds of dollars or more in the long run by paying close attention to each tiny detail.



Once you've decided on a lender, it’s time to submit your application. You'll be required to produce proof of your identity, address and income. It’s best to keep all the necessary documents ready in order to avoid delays and rejections. Generally, you can apply in person, though doing online can be quick and convenient.

What to Do if You Can’t Get a Personal Loan in Moreno Valley

There are several reasons why a borrower may have their application for a personal loan rejected. Some borrowers are turned down because they have poor credit scores, insufficient income, a large amount of outstanding debt or inadequate paperwork. However, don't give up if your application is turned down.

Find out the reasons for the rejection by contacting the lender. Then, assess what you can do about it. To improve your prospects, your lender may propose solutions like going for a shorter-term loan or smaller amount. If you still face difficulties getting approved, you may want to look into getting a co-applicant or securing your loan with collateral.

Even if you are in dire need of funds, you should avoid taking out risky alternatives like payday loans. These have shorter payback durations and higher interest rates than the other options. Note that paying a payday loan promptly will not improve your credit score. However, not paying it back promptly can hurt your credit score.

Frequently Asked Questions About Personal Loans in Moreno Valley

The ideal lender for you will be based on a number of factors, including the loan type and size, your income and your financial profile. These are answers to frequently asked questions regarding personal loans in Moreno Valley.

The best personal loan lender in Moreno Valley is LightStream. SoFi is the best for those with good credit, whereas Upstart works best for people with bad credit. Upgrade and Best Egg are the best providers for debt consolidation and home improvement loans, respectively.

In Moreno Valley, LightStream provides personal loans at the lowest interest rates. Those with excellent credit can obtain loans with low interest rates.

It depends on the lender. Some lenders impose restrictions on how their funds can be used. Check with your lender to determine if your loan can be used to finance vacations.

The majority of personal loans are available in Moreno Valley for home improvement purposes. Your lender will inform you about any limitations placed on its loans.

Personal loans in Moreno Valley can be used for practically any legitimate purpose. Depending on the lender, however, the loan may be subject to usage restrictions. Some lenders do not allow the use of their loans for refinancing mortgages or other loans, paying for college, engaging in illegal or gambling activities, acquiring businesses and making investments through bonds or stocks.

It depends. You might be able to borrow up to $100,000 from some lenders. However, others may limit you to $50,000.

The time required for your loan to be accepted and funded varies on the lender. Some lenders offer same-day funding; others might take up to a week to fund your loan.

Yes. However, if you pay off your personal loan early, certain lenders could impose a prepayment penalty. For more information, get in touch with the lender or review your loan's fine print.

Our Personal Loan Methodology


MoneyGeek’s recommendations are the result of thorough investigation and deliberation, tailored to suit your interests and needs. Our recommendations and expert guidance are intended to aid you in choosing the best suitable lender for your circumstances.

Within each category of ranking criteria, we analyzed various data points to determine which lender was the best, according to our calculations. These variables include the APR ranges, application cost, the maximum loan amount, minimum credit score and income requirements and the disbursement period.

MoneyGeek values consumers, which is why we take into account each lender's company ratings, customer service reputation and other features that might make your experience simpler and more accessible, such as available payment alternatives, prequalification requirements and mobile applications.

Our selections are made after thorough deliberation and calculation, always keeping your best interests in mind.

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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.