Best Personal Loans in Santa Ana, CA

California Credit Union is the best personal loan lender in Santa Ana, California, with a MoneyGeek score of 100 out of 100. Federally insured by the National Credit Union Administration (NCUA), it has been serving members since 1931. It offers a 45-day grace period before the first loan payment is due, which can provide borrowers some breathing room. Additionally, it features a useful loan calculator, aiding users in better planning their finances. On the other hand, the borrowing limit is capped at $50,000, which might not meet the needs of those seeking higher funding.

Laurel Road is the best online lender for personal loans in Santa Ana, California, with a MoneyGeek score of 94 out of 100. This lender offers a range of loan amounts from $5,000 to $45,000 and flexible repayment terms of 36 to 60 months. It has a 0.25% autopay discount, which can lead to significant savings over the life of your loan, as well as the absence of origination fees, which can keep upfront costs lower. However, it has a high minimum loan amount, which might be more than what some borrowers require. Additionally, a late fee of 5% or $28 might apply, which is something to keep in mind if you sometimes have trouble making payments on time.

Schools First Federal Credit Union is the runner-up for the best personal loans in Santa Ana, California, with a MoneyGeek score of 98 out of 100. Federally insured by the National Credit Union Administration (NCUA), it has been serving members since 1934. As a lender, it offers a flexible option to skip up to three payments over the life of the loan, and there are no origination or prepayment fees.

Santa Ana Federal Credit Union is a suitable choice for personal loans in Santa Ana, California, with a MoneyGeek score of 93 out of 100. Federally insured by the National Credit Union Administration (NCUA), it has been serving members since 1950. It allows you to manage your personal loan through a mobile app. Additionally, it offers the opportunity for a joint application, which may benefit those who want to apply with a co-borrower. However, it does have some limitations, such as no option to prequalify for a personal loan and the lack of specified eligibility requirements, including income or credit score criteria.

Orange County's Credit Union is another good choice for those seeking personal loans in Santa Ana, California, with a MoneyGeek score of 90 out of 100. Federally insured by the National Credit Union Administration (NCUA), it has been serving members since 1938. It offers the flexibility of a minimum loan amount as low as $500, which can be beneficial if you're looking for a smaller loan. Additionally, its absence of origination fees and no prepayment penalty might save you some extra expenses over the loan term. However, its borrowing limit is capped at $25,000, which may be restrictive if you need a larger amount. Another consideration is that it doesn't offer an option to prequalify for the loan, which means you won't be able to gauge potential terms without a full application.