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

LightStream is the best personal loan lender for Pomona borrowers, as evidenced by MoneyGeek's analysis. The online lender is part of the Truist Financial Corporation and comes with an A+ BBB rating. Borrowers who meet its eligibility requirements can get loans from $5,000 to $100,000, with funds available on the same business day.

For individuals who prefer making lower monthly payments, the lender offers longer repayment terms of up to seven years or 84 months. You won't pay any fees if you pay off your loan before the agreed-upon timeframe.

However, LightStream loans are restricted to people with a strong credit score of at least 660. The lender prohibits utilizing the cash to repay an existing LightStream loan, finance a company or postsecondary education or buy bonds and equities.

Pros

• No origination fee or prepayment penalty
• Maximum loans of up to $100,000
• Autopay discount
• Quick funding
• Mobile app

Access to personal loans can be limited if you lack a solid financial base or have a bad credit rating. Upstart is an internet company that uses artificial intelligence to match lenders with first-time and bad-credit borrowers. Considering the company’s minimum credit score requirement of just 300, MoneyGeek recommends it to anyone with a less-than-perfect credit profile. Loan amounts range from $1,000 to $50,000, and Upstart adds a one-time origination fee.

Due to the company's severe credit check, borrowers with bad credit may see their credit score decline further. Although the company welcomes applications from full-time, part-time and self-employed individuals, those with unstable income may not qualify for an Upstart loan.

Pros

• Minimum credit score of 300
• Soft credit inquiry to check eligibility
• Accepts part-time, full-time and self-employed individuals
• No prepayment penalty

SoFi is the best alternative for folks with stellar credit in Pomona. It requires a minimum credit score of 680 to qualify for personal loans of up to $100,000. The lender offers a 0.25% rate reduction to borrowers who opt for the convenience of automatic payments.

SoFi's unemployment protection allows borrowers to postpone or lower their regular loan payments in the event of an unexpected loss of income.

This lender is not a good choice for people who don't require loans of at least $5,000. Those unsure about their loan application's possibilities can boost their chances by having a co-applicant.

Pros

• Loans up to $100,000
• No origination fee or prepayment penalty
• Autopay discount of 0.25%
• Offers unemployment protection
• Mobile app

Upgrade is a fintech firm that offers its customers free access to tools that promote responsible financial behavior. The company has an A+ BBB rating, and MoneyGeek ranks it the best for borrowers looking for debt consolidation loans.

Upgrade’s loans have fixed interest rates, and borrowers receive funds on the day of approval. However, borrowers with a bad credit score might pay a high APR.

Furthermore, the lender does not charge early payment penalties. However, it limits how borrowers can use Upgrade loan funds, so make sure you read the fine print. Also, like most other lenders, Upgrade charges an up-front origination fee, ranging from 1.85% to 8.99% of the loan amount.

Pros

• Loans of up to $50,000
• No prepayment penalty
• Fixed-rate loans
• Mobile app

Since 2014, fintech firm Best Egg has financed more than a million consumer loans in partnership with Cross River Bank. It is operated by Marlette Funding, an online lender, and has an A+ BBB rating.

Home improvement loans from Best Egg range from $2,000 to $50,000. Approval and financing of online loan applications can occur as soon as the following working day.

Regardless, you must fulfill the minimum requirements, which include a very good credit score of 700 or more, to qualify for a Best Egg loan. The lender does not charge an early payment penalty, but be aware of origination fees between 0.99% and 8.99%.

Pros

• Soft credit check
• Fixed-rate loans
• No prepayment penalty
• A+ BBB rating