Best Personal Loans in Ontario, 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 Ontario, CA

To help shoppers in Ontario, California, find the best personal loans, MoneyGeek evaluated more than 30 data points, putting the most weight on categories that are important to borrowers.

Based on our research, LightStream’s competitive rates, flexible repayment terms and fast disbursement time make it the best overall personal lender in Ontario. Borrowers with good credit can check out SoFi, whereas borrowers with bad credit can look at offers from Upstart. Upgrade and Best Egg are ideal lenders for consolidating debt and renovating homes, respectively.

Best Overall Personal Loan Lender in Ontario: LightStream

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Best Personal Loan Lender for Bad Credit in Ontario: Upstart

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Best Personal Loan Lender for Good Credit in Ontario: SoFi

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Best Personal Loan Lender for Debt Consolidation in Ontario: Upgrade

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Best Personal Loan Lender for Home Improvement in Ontario: Best Egg

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

Some of the reasons why lenders consider borrowers risky are a lack of income in relation to the amount borrowed or a low credit score that does not meet their requirements.

When you are turned down for a personal loan, there are a few things you can do to either make your application acceptable or increase your chances of getting approved. Inquiring as to why you were denied in the first place will provide you with a better understanding of your chances. Either you can adjust the loan amount or the repayment period. Alternately, you can reapply with an improved credit score or a lower debt-to-income ratio.

Keep in mind that sending multiple applications to different lenders may temporarily harm your credit scores if you are rejected.

Borrowers in need of funding may also consider home equity, line of credit, credit cards and other financial products available in Ontario in addition to personal loans. MoneyGeek recommends borrowers avoid payday loans, which have high fees and unreasonable repayment terms.

Frequently Asked Questions About Personal Loans in Ontario

MoneyGeek answers the most frequently asked questions about personal loans to help borrowers in Ontario make better decisions.

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Our Personal Loan Methodology

In our review of personal loans in Ontario, we evaluated more than 30 personal loan lenders in the city and compared them against each other. We compared lenders based on over 35 individual data points across six main categories, including loan affordability, accessibility, consumer friendliness, customer service, flexibility and lender transparency. We paid close attention to each lender’s APR ranges, available loan amount, minimum credit score, minimum income amount, application fees and disbursement time.

For a more comprehensive review of lenders, we also factored in each lender’s unique selling points, including an easier customer experience, mobile apps and other offers. Our location-specific recommendations have the average borrower’s best interest 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.