Best Personal Loans in Ontario, CA

Golden 1 Credit Union is the best personal loan lender in Ontario, California, with a MoneyGeek score of 100 out of 100. Eleven state employees established it in 1933, initially called the California State Employees' Credit Union, and now federally insured by the National Credit Union Administration (NCUA). It has no origination fee or prepayment penalty, making it a cost-effective choice. However, its borrowing limit of $50,000 may not suit borrowers seeking larger amounts. Additionally, the late payment fee of 5% or $15 for the past due amount, whichever is greater, could impact those struggling to meet payment deadlines.

Laurel Road is the best online lender for personal loans in Ontario, California, with a MoneyGeek score of 94 out of 100. Its loan amount ranges from $5,000 to $45,000, and its repayment terms stretch from three to five years. It provides borrowers with a 0.25% autopay discount and doesn't charge origination fees, which can save you money during the life of the loan. On the flip side, its minimum loan amount is a high bar, and you might incur a late fee of 5% or $28 if you miss a payment.

Rize Credit Union is the runner-up for personal loans in Ontario, California, earning a MoneyGeek score of 94 out of 100. Rize Credit Union, federally insured by the National Credit Union Administration (NCUA), has been serving members since 1952. The lender stands out because it provides a minimum loan amount of as low as $500 and the convenience of soft credit checks. However, it charges a loan modification fee of $50 and does not disclose its loan eligibility requirements.

United Parcel Service Employees Federal Credit Union is a solid choice for personal loans in Ontario, California, with a MoneyGeek score of 91 out of 100. It was established in 1974 as UPSEFCU and is known for its reliable services. It is federally insured by the National Credit Union Administration (NCUA). The lender accepts joint applications, allowing more flexibility. Additionally, it provides a handy loan payment calculator, making it easier for potential applicants to estimate their monthly payments and plan their budgets. However, it doesn't allow prequalification, which might make it challenging for some to gauge loan eligibility. Also, it charges a loan processing fee of $25, which is something to consider when budgeting.

Ontario-Montclair School Employees Federal Credit Union is another good choice for personal loans in Ontario, California, receiving a MoneyGeek score of 90 out of 100. Founded in 1961, it is federally insured by the National Credit Union Administration (NCUA). Its APR can be as low as 9.74%, making it competitive for those seeking lower interest rates. Additionally, it provides a 0.25% rate discount for electronic repayment, adding value for those who prefer digital transactions. However, there is a $20,000 borrowing limit, which might not suit everyone's needs, and a loan extension fee of $35, which could add to the overall cost.