Best Personal Loans in Pomona, CA

Credit Union of Southern California is the best personal loan lender in Pomona, California, with a MoneyGeek score of 95 out of 100. It excels in quality service, competitive interest rates and quick application and approval processes. Laurel Road is also praised for online personal loans, getting a MoneyGeek score of 94 out of 100 by maintaining strong customer service, credibility and transparency about its loan terms and process and broad repayment terms.

MoneyGeek prioritized local lenders and scored them based on factors like interest rates, loan terms, loan application process and speed of loan funding to gather our best city recommendations. If you're looking for national lenders, we also have our top picks for the best personal loans in California.

MoneyGeek analyzed hundreds of lenders based on a rubric that includes APR ranges, loan amounts and repayment terms, among other key areas. We use a point-based system, assigning scores according to the presence or absence of certain desirable features in various critical categories.

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Our overall analysis was completed in October 2024. Here, we considered banks and credit unions with brick-and-mortar locations in Pomona, California. We also looked at online-only lenders licensed to do business in the state.

325Lenders Analyzed Nationally

Overall Best Personal Loan in Pomona, CA

Company logo for Credit Union of Southern California
Credit Union of Southern California
MoneyGeek Score:
95/ of 100

APR Range10.99% to 18.99%
Loan Amount Range$500 to $30,000
Repayment TermsUp to 60 months
Time to Receive FundsUndisclosed
Overview

Credit Union of Southern California is the best personal loan lender in Pomona, California, with a MoneyGeek score of 95 out of 100. Federally insured by the National Credit Union Administration (NCUA), it has been serving members since 1954. Its minimum loan amount of $500 makes it accessible for small financial needs. Additionally, there are no application or prepayment fees, which adds to affordability. However, potential borrowers can only borrow up to $30,000, which might not cover larger financial goals. It also doesn't allow prequalification, meaning you may have to undergo a hard credit check upfront.

Best Online Personal Loan in Pomona, CA

Company logo for Laurel Road
Laurel Road
MoneyGeek Score:
94/ of 100

APR Range8.99% to 24.25%
Loan Amount Range$5,000 to $45,000
Repayment Terms36 to 60 months
Time to Receive Funds7 Business Days
Overview

Laurel Road ranks as the best online lender for personal loans in Pomona, California, with a MoneyGeek score of 94 out of 100. Its offerings include a loan amount ranging from $5,000 to $45,000 and repayment terms between 36 to 60 months. It grants a 0.25% rate discount with autopay enrollment and doesn’t charge origination fees. However, individuals seeking smaller loans might find the high minimum loan amount restrictive, and late payments incur a fee of either 5% or $28, which could add to the cost if payments are missed.

Calculate Your Monthly Payment in Pomona, CA

According to the United States Census Bureau, the median annual household income in Pomona, California, was $77,609. Whether your income falls above or below this figure, you should ensure you can handle the monthly loan payments comfortably. Use our personal loan calculator to input the loan amount, rate and terms to estimate your monthly payments and total loan cost.

For example, calculating a $10,000 personal loan with a 10% interest rate and three years in repayment terms results in monthly payments of $323 and $3,876 per year. This amount represents approximately 5% of the median annual household income in Pomona, California.

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Updated: Dec 7, 2024

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Runner-Up for Best Personal Loan in Pomona, CA

Company logo for Altura Credit Union
Altura Credit Union
MoneyGeek Score:
94/ of 100

APR Range11.99% to 15.49%
Loan Amount RangeUp to $30,000
Repayment Terms24 to 60 months
Time to Receive FundsUndisclosed
Overview

Altura Credit Union is the runner-up for the best personal loans in Pomona, California, with a MoneyGeek score of 94 out of 100. Altura was founded in 1957 as Riverside Schools Credit Union and is now federally insured by the National Credit Union Administration (NCUA). It offers a wide range of term options, giving you repayment flexibility. You can also benefit from its skip-a-payment option, granting extra financial breathing room when needed. However, you'll find very little information about personal loans on its website, which could make researching your options challenging. Additionally, there is a $3.95 fee for online payments made via Express Pay, which might be an inconvenience.

Other Options for Personal Loans in Pomona, CA

Company logo for Self-Help Federal Credit Union
Self-Help Federal Credit Union
MoneyGeek Score:
91/ of 100

MoneyGeek Score91
APR Range13.25% to 16.00%
Loan Amount RangeUp to $50,000
Repayment TermsUp to 48 months
Time to Receive FundsUndisclosed
Overview

Self-Help Federal Credit Union is another suitable choice for personal loans in Pomona, California, thanks to its competitive offerings that lead to a MoneyGeek score of 91 out of 100. It is federally insured by the National Credit Union Administration (NCUA) and has been serving members since 2008. Borrowers can benefit from up to a 0.50% rate discount, making it more affordable. It also allows joint applications, offering flexibility for those who need a co-borrower. However, the $50,000 loan amount limit may not meet the needs of those seeking larger sums. Also, its website offers limited information about loans, making it harder to find detailed terms and conditions.

Company logo for Arrowhead Credit Union
Arrowhead Credit Union
MoneyGeek Score:
91/ of 100

MoneyGeek Score91
APR Range12.99% to 22.99%
Loan Amount Range$500 to $25,000
Repayment Terms12 to 60 months
Time to Receive FundsUndisclosed
Overview

Arrowhead Credit Union is a noteworthy option for personal loans in Pomona, California, with a MoneyGeek score of 91 out of 100. Arrowhead Credit Union, which is federally insured by the National Credit Union Administration (NCUA), has been serving members since 1949. The minimum borrowing amount of $500 allows for flexibility in meeting specific financial needs, and the absence of prepayment penalties provides freedom to repay the loan early without extra costs. However, the maximum loan amount is $25,000, which might not suffice for large-scale expenses, and the lack of prequalification options could make it challenging to gauge approval chances before a formal application.

National Lenders With Physical Locations in Pomona, CA

Borrowers in Pomona, California, seeking the best personal loans and preferring face-to-face service can look to national lenders with local branches. In Pomona, California, Wells Fargo and U.S. Bank provide personal loan services to individuals who value visiting a branch for personalized assistance. Other national entities commonly associated with personal loans do not have a presence in this locale.

OneMain Financial18.00% to 35.99%$1,500 to $20,00024 to 60 months
U.S. Bank8.74% to 24.99%$1,000 to $50,00012 to 84 months
Wells Fargo7.49% to 24.99%$3,000 to $100,00012 to 84 months

What to Do if You Can't Get a Personal Loan in Pomona, CA

In Pomona, California, your personal loan application can be denied for various reasons, like a low credit score, negative financial history or an unfavorable debt-to-income ratio. If this happens, follow practical steps to navigate the setback.

  1. 1
    Find out the reason for the denial

    Some lenders may deny your loan application due to a poor credit score, high debt-to-income ratio, low income level or errors in your application. Reviewing the reasons can help you improve weak areas and prevent another loan application denial in the future.

  2. 2
    Modify your loan terms

    You can ask your lender if you can adjust the loan amount or repayment terms to get approved.

  3. 3
    Look for another lender

    Lenders differ in their personal loan eligibility criteria. To find a suitable lender, compare the minimum credit score requirements, interest rates, loan terms, additional fees and customer service.

  4. 4
    Explore credit counseling services

    Your debt-to-income ratio is a key factor lenders assess for loan applications. Engage with a credit counseling service to get assistance in managing your credit card debt and budget. You can get credit counseling services from the Department of Financial Protection and Innovation's published list of nonprofit credit counseling agencies or the Department of Justice's list of approved credit counseling agencies.

FAQ About Personal Loans in Pomona, CA

We addressed common questions regarding top personal loans in Pomona, California, offering valuable insights to aid your decision-making process.

Who is the best overall personal loan lender in Pomona, CA?

What can I use a personal loan for in Pomona, CA?

What are the interest rates on personal loans in Pomona, CA?

What are the benefits and drawbacks of personal loans in Pomona, CA?

What are some personal loan red flags to look out for in Pomona, CA?

How to apply for a personal loan online?

Can I get a personal loan with bad credit in Pomona, CA?

What are the best low-interest personal loans in Pomona, CA?

What is an installment loan? Is there a difference between personal loans and installment loans in Pomona, CA?

Is there a difference between credit union loans and bank loans in Pomona, CA?

About Zachary Romeo, CBCA


Zachary Romeo, CBCA headshot

Zachary Romeo is a certified Commercial Banking and Credit Analyst (CBCA), and the Head of Loans and Banking at MoneyGeek. Previously, he led production teams for some of the largest online informational resources in higher education, with over 13 years of experience in editorial production.

Romeo has a bachelor's degree in biological engineering from Cornell University. He geeks out on minimizing personal debt and helping others do the same through people-first content.


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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.