Best Personal Loans in Oakland, CA

Patelco Credit Union is recognized as the best personal loan lender in Oakland, California, with a MoneyGeek score of 100 out of 100. It offers a wide range of APR from 9.30% to 17.90% and loan amounts from $300 to $100,000, with repayment terms extending from 6 to 84 months. Federally insured by the National Credit Union Administration (NCUA), it has been serving members since 1936. You can borrow up to $100,000, which offers significant flexibility. Additionally, there are no origination fees, saving you money from the start. However, be aware of certain costs, such as a late fee of $5 or 3%, depending on whichever is greater, and a $20 fee for a returned loan payment, which might impact those who are budget-conscious or have irregular income.

Laurel Road is the best online lender for personal loans in Oakland, California, with a MoneyGeek score of 94 out of 100. It offers personal loans ranging from $5,000 to $45,000, with repayment terms of 36 to 60 months. It does not charge an origination fee and grants a 0.25% rate discount for autopay, which helps you save money. On the other hand, the minimum loan amount might be higher than some borrowers’ needs, and a late fee of 5% or $28 could be incurred if a payment is missed. It offers the flexibility to change your payment due date, which can align your loan payments with your budget. However, Laurel Road imposes a $20 fee for non-sufficient funds, which borrowers should factor into their planning.

Sea West Coast Guard Federal Credit Union is the runner-up for personal loans in Oakland, California, with a MoneyGeek score of 93 out of 100. Federally insured by the National Credit Union Administration (NCUA), it has been serving members since 1959. Borrowers might find its offering of a 0.25% direct deposit and autopay discounts beneficial, along with an APR as low as 9.96%. However, note that no prequalification process is available, and loan eligibility requirements are not disclosed, which might be inconvenient for some applicants.

Matson Employees Federal Credit Union is a solid choice for personal loans in Oakland, California, with a MoneyGeek score of 90 out of 100. Established in 1938, it is federally insured by the National Credit Union Administration (NCUA). It allows co-borrowing, which can make managing the process easier. With an APR as low as 8.19%, it offers competitive rates. However, be aware there's no prequalification option, so carefully assess your financial situation before applying. The maximum borrowing limit is $15,000, which may not suit those seeking higher amounts.

Pacific Postal Credit Union is another good choice for personal loans in Oakland, California, earning a MoneyGeek score of 88 out of 100. Pacific Postal Credit Union, federally insured by the National Credit Union Administration (NCUA), has been serving members since 1931. It offers an APR of as low as 9.75% and a 0.25% rate discount with an active Secure Checking or Silver Express account. However, it has a borrowing limit of $15,000, which might not cater to larger financial needs. There's also limited information about loans on its website, which could impact how informed you feel when deciding.