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

Updated: December 28, 2023

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WHAT WE’RE GEEKING OUT ON

MoneyGeek's Picks for Best Personal Loan Lenders in Roseville, CA

MoneyGeek ranked personal loan lenders in Roseville, California, using more than 30 data points, arranged into fewer categories. We considered loan amounts, interest rates, BBB ratings, repayment periods, credit score requirements and more.

While the best lender depends on each borrower's profile, MoneyGeek found that LightStream is overall the best personal loan provider in Roseville. We also found that SoFi is the right choice for credit-strong borrowers, while Upstart is suitable for borrowers with bad credit. Moreover, home improvements and debt restructuring are handled best by Best Egg and Upgrade loans, respectively.

Best Overall Personal Loan Lender in Roseville: LightStream


  • LightStream
    • 4.49% to 20.49%APR Range
    • 660Minimum Credit Score
    • $5,000 to $100,000Loan Amount Range
    • 24 to 84 monthsRepayment Terms
    • Same DayTime to Receive Funds

    The top personal loan provider in Roseville is LightStream, according to MoneyGeek's analysis. LightStream, founded in 2013, is an online lender that offers personal loans.

    LightStream offers loan amounts ranging from $5,000 to $100,000. This lender also makes funds available the same day the application is approved. Customers who make automatic payments typically save 0.5% on their APR. Furthermore, the lender does not charge origination fees, prepayment penalties or late fees.

    Borrowers need a minimum credit score of 660 to qualify for a LightStream personal loan. Additionally, the lender does not allow co-signers and restricts how borrowers can use the funds.

    Pros

    • Competitive rates
    • A loan limit of $100,000
    • Various repayment options
    • Quick funding
    • No fees

    Cons

    • Minimum loan amount of $5,000
    • Credit check with hard inquiry
    • No co-signers allowed
    LightStream

Best Personal Loan Lender for Bad Credit in Roseville: Upstart


  • Upstart
    • 3.22% to 35.99%APR Range
    • 300Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds

    Based on MoneyGeek's analysis, Upstart offers the best personal loans for Roseville residents with bad credit. With a credit score requirement of 300, Upstart is a less stringent personal loan provider than most.

    During the application process, the lender runs soft credit checks to avoid affecting your credit score. It has one of the lowest APRs in the city, but those with bad credit scores may face high rates. Upon approval, Upstart processes loans within one business day.

    Costs to keep in mind include an origination fee of up to 10% and late penalties. Moreover, Upstart is not suitable for people who need loans exceeding $50,000.

    Pros

    • Minimum credit score of 300
    • Low APR
    • Quick funding
    • Credit check with soft pull

    Cons

    • Borrowing limit of $50,000
    • Origination fee up to 10%
    • 5% late fee or a maximum of $15
    Upstart

Best Personal Loan Lender for Good Credit in Roseville: SoFi


  • SoFi
    • 5.74% to 20.28%APR Range
    • 680Minimum Credit Score
    • $5,000 to $100,000Loan Amount Range
    • 12 to 60 monthsRepayment Terms
    • Two DaysTime to Receive Funds

    SoFi is Roseville's best personal loan provider for customers with good credit. Founded in 2011, SoFi offers loans up to $100,000 without origination, prepayment or late fees. Borrowers with credit scores of at least 680 are eligible to apply.

    SoFi's repayment terms range from 12 to 60 months. It is also possible to receive cash immediately after approval. SoFi's unemployment protection program allows for deferred payments if borrowers lose their jobs.

    It is, however, necessary to earn at least $50,000 a year and have a good credit score to qualify for SoFi's personal loans. The lender has a maximum loan amount of $100,000 and a $5,000 minimum loan requirement.

    Pros

    • Maximum loan amount of $100,000
    • Comparably low APR
    • Flexible repayment period
    • Autopay discount of 0.25%

    Cons

    • Requires good credit score
    • Minimum loan amount of $5,000
    • Minimum annual income of $50,000
    SoFi

Best Personal Loan Lender for Debt Consolidation in Roseville: Upgrade


  • Upgrade
    • 5.94% to 35.47%APR Range
    • 560Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Same DayTime to Receive Funds

    Based on MoneyGeek's research, Upgrade is the best personal loan provider for Roseville residents looking to consolidate their debts. The company was founded in 2016 and offers loans ranging from $1,000 to $50,000.

    With a debt consolidation loan, Upgrade pays creditors directly. Furthermore, the lender handles loans quickly. Despite being relatively new to the industry, Upgrade is rated A+ by the Better Business Bureau. When you set up automatic payments, the lender lowers your APR by 0.5%.

    However, your credit score must be at least 560 to qualify. Upgrade loans are also subject to restrictions and cannot be used for investment, gambling or higher education costs. You may also see a higher interest rate as your credit score decreases, making this lender unsuitable for bad-credit borrowers seeking low-interest rates.

    Pros

    • Directly pays third-party creditors
    • Potentially low APR
    • Requires minimum credit score of 560
    • Flexible repayment terms
    • Quick disbursement time

    Cons

    • Maximum loan amount of $50,000
    • Charges origination fees
    • Charges a late fee of up to $10
    Upgrade

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


  • Best Egg
    • 4.99% to 35.99%APR Range
    • 700Minimum Credit Score
    • $2,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds

    Our analysis shows that Best Egg is the best lender for home improvement in Roseville. The lender was established in 2014 and offers personal loans between $2,000 and $50,000 with repayment terms of three to five years.

    Once your loan is approved, you will receive the funds within a day. To avoid affecting your credit rating, the lender conducts soft credit inquiries during the application process.

    Unfortunately, not everyone can get a personal loan from Best Egg. To qualify, borrowers must earn $50,000 per year and have a minimum credit score of 700. The lender does not allow co-signers.

    Pros

    • No prepayment penalty
    • Performs soft credit check
    • No fund usage restriction
    • Relatively low starting APR

    Cons

    • 700 minimum credit score requirement
    • $50,000 loan limit
    • Charges late and origination fees
    Best Egg

Where to Start: How to Choose the Best Personal Loan Lender in Roseville for You

You can quickly fund urgent and other important expenses with a personal loan. Californians owe an average of $16,790 on their personal loans. When applying for a personal loan in Roseville, consider the loan amount and repayment terms. Various factors, such as your income level and credit score, will determine the best Roseville lender for you.

MoneyGeek recommends taking the following steps to complete your loan application:

1
Ask Yourself the Important Questions

Ensure you understand your financial situation and funding requirements before submitting your application. Determine whether alternative, less costly financing is available. Before submitting a loan application, ask yourself the following questions:

  • How much funding do I need?
  • What is my credit score?
  • Can I afford the monthly payment?
  • How much debt do I already have?
2
Do Your Research

Once you've established your financial requirements, it's time to research lenders. Lenders offer different terms, so it's important to understand how they differ.

Conduct your own research after reviewing our information. Keep an eye on the details of each loan package, including the loan amount, APR and due dates. Because personal loans are repaid over a long period, they require a long-term commitment.

3
Wait

Spend a few days reviewing every detail of the lender's offer to understand the consequences of accepting it. Before taking the loan, make sure your decision aligns with your financial goals.

4
Read the Fine Print

Consider the interest, penalties and late fees associated with the loan. A closer look at the loan agreement’s fine print could reveal unexpected costs that can add up over time.

5
Apply

Once you are ready to apply, ensure you provide all the necessary information. Lenders typically require proof of income, personal information and contact information.

Most lenders allow you to apply online. To better understand the loan requirements and alleviate any concerns, calling or visiting the lender in person can be beneficial if the option is available.

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

If a lender rejects your application, contact the lender to find out why and what you can do to increase your chances of approval in the future. If you meet all the other criteria, sometimes a lender will let you shorten the loan term or take out a smaller loan. In addition, using a co-signer or collateral as security can improve your chances of getting approved.

Alternatively, you can look for a personal loan from another lender, but before reapplying, make sure you address the initial reason for the rejection.

Payday loans may be tempting for some, but MoneyGeek recommends staying away from these. Payday loans come with short repayment terms and high interest rates that cost more in the long run.

Frequently Asked Questions About Personal Loans in Roseville

Consider your personal needs, credit history and income when choosing the best personal loan in Roseville. MoneyGeek answers frequently asked questions about Roseville personal loans and loan companies to help you make a choice.

What is the best personal loan lender in Roseville?
Which lender in Roseville has the lowest interest rate?
Can I use a personal loan for vacations in Roseville?
Can I use a personal loan for home improvement in Roseville?
What can I not use my personal loan for in Roseville?
How much can I borrow in Roseville?
How long does it take to get a personal loan in Roseville?
Can I pay off my loan early in Roseville?

Our Personal Loan Methodology

We evaluated more than 30 personal loan lenders based on 35+ different data points across six key categories: affordability, customer service, accessibility, consumer friendliness, flexibility and lender transparency.

When selecting a personal loan lender, we believe that a number of data points should be given the most weight within each ranking criteria category. Among these variables are the APR ranges, maximum loan amounts, minimum income requirements, credit scores, application costs and disbursement times.

MoneyGeek values you, the consumer, so we also take into account each lender's customer support, ratings and additional features, such as prequalification, payment options and mobile apps, which could make your journey easier and more convenient.

We make our picks based on careful consideration and calculations. In selecting a lender that meets your needs, we provide you with recommendations and expert tips.

sources
Shield Insurance

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.

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