Best Personal Loans in Sunnyvale, CA

Patelco Credit Union is the best personal loan lender in Sunnyvale, California, with a MoneyGeek Score of 100 out of 100. It offers competitive interest rates, flexible repayment terms and a quick application and approval process. Meanwhile, Laurel Road is the best lender for online personal loans, with a MoneyGeek score of 94 out of 100. It has strong customer service, credible and transparent loan terms and processes, and broad repayment terms.

MoneyGeek prioritized local lenders by scoring them based on interest rates, loan terms, loan application process and speed of loan funding to identify the best city recommendations. If you're exploring national lenders, we compiled our 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 Sunnyvale, California. We also looked at online-only lenders licensed to do business in the state.

325Lenders Analyzed Nationally

Overall Best Personal Loan in Sunnyvale, CA

Company logo for Patelco Credit Union
Patelco Credit Union
MoneyGeek Score:
100/ of 100

APR Range9.30% to 17.90%
Loan Amount Range$300 to $100,000
Repayment Terms6 to 84 months
Time to Receive FundsUndisclosed
Overview

Patelco Credit Union is the best personal loan lender in Sunnyvale, California, with a MoneyGeek score of 100 out of 100. It is federally insured by the National Credit Union Administration (NCUA) and has been serving members since 1936. You can borrow up to $100,000, and there are no origination or prepayment fees. However, it charges a late fee of $5 or 3% of the amount due, whichever is higher. Additionally, using its skip-a-payment feature costs $25 and can affect your status if you're in the LevelUp program, so careful financial planning is recommended.

Best Online Personal Loan in Sunnyvale, 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 is the best online lender for personal loans in Sunnyvale, California, with a MoneyGeek score of 94 out of 100. It offers loan amounts ranging from $5,000 to $45,000 with repayment terms of 36 to 60 months. It provides a 0.25% autopay discount and does not charge origination fees. However, it has a high minimum loan amount and imposes a late fee of 5% or $28, which can add to the cost if payments are not made on time.

Calculate Your Monthly Payment in Sunnyvale, CA

The United States Census Bureau reported that the median annual household income in Sunnyvale, California, for 2022 was $169,781. Whether your income is above or below this median value, what matters is your ability to afford the monthly loan payments. Use our personal loan calculator to estimate your monthly loan payments and the total cost of the loan by entering the loan amount, rate and terms.

For example, if you take out a $10,000 personal loan with a 10% interest rate and a three-year repayment term, your monthly payments will be $323 or $3,876 annually. This annual amount represents approximately 2% of the median annual household income in Sunnyvale, California.

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Estimate the monthly payment for your loan.

Updated: Nov 7, 2024

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Runner-Up for Best Personal Loan in Sunnyvale, CA

Company logo for Technology Credit Union
Technology Credit Union
MoneyGeek Score:
93/ of 100

APR Range11.49% to 27.49%
Loan Amount Range$1,500 to $50,000
Repayment Terms24 to 72 months
Time to Receive FundsUndisclosed
Overview

Technology Credit Union is the runner-up for the best personal loans in Sunnyvale, California, with a MoneyGeek score of 93 out of 100. It is federally insured by the National Credit Union Administration (NCUA) and has been serving members since 1960. The lender has an A+ rating from the Better Business Bureau. It provides a loan calculator, which is a useful tool for determining whether a personal loan is a good choice for consolidating debt. On the other hand, it does not disclose eligibility requirements for personal loans, which could require extra steps in your decision-making process. Its borrowing limit is $50,000, so you might need to explore other options if you're looking for more substantial funding.

Other Options for Personal Loans in Sunnyvale, CA

Company logo for Provident Credit Union
Provident Credit Union
MoneyGeek Score:
92/ of 100

MoneyGeek Score92
APR RangeFrom 10.615%
Loan Amount RangeUp to $35,000
Repayment TermsUp to 48 months
Time to Receive FundsUndisclosed
Overview

Provident Credit Union is a suitable choice for personal loans in Sunnyvale, California, with a MoneyGeek score of 92 out of 100. It was founded in 1950 and is insured by the National Credit Union Administration (NCUA). It provides borrowers with lending consultants, which can be particularly helpful if you need guidance through the borrowing process. It also has a mobile app, making it convenient for tech-savvy users to manage their loans on the go. However, you should consider that its borrowing limit is capped at $35,000, which might not meet your needs if you're looking for a larger loan amount. It also charges a nonsufficient funds fee (NSF) of $28, which can add up if you’re not careful with your payments.

Company logo for Star One Credit Union
Star One Credit Union
MoneyGeek Score:
90/ of 100

MoneyGeek Score90
APR Range10.25% to 14.25%
Loan Amount Range$1,000 to $40,000
Repayment TermsUp to 60 months
Time to Receive FundsUndisclosed
Overview

Star One Credit Union is a worthwhile option for personal loans in Sunnyvale, California, with a MoneyGeek score of 90 out of 100. It is federally insured by the National Credit Union Administration (NCUA) and has been serving members since 1956. It offers competitive interest rates ranging from 10.25% to 14.25%, loan amounts between $1,000 and $40,000 and repayment terms of up to 60 months. It offers a 0.25% discount for autopay. However, it does not allow prequalification. It also doesn't disclose eligibility requirements for personal loans, which could be a concern for those wanting transparency and a quicker application process.

National Lenders With Physical Locations in Sunnyvale, CA

In Sunnyvale, California, borrowers looking for the best personal loans have the advantage of in-person services from reputable national lenders, with Wells Fargo and U.S. Bank being two of the prominent options available. They offer a range of loan products and personalized customer service for those who prefer to manage their finances face-to-face rather than online.

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 Sunnyvale, CA

Your loan application in Sunnyvale, California, can get denied due to reasons like a low credit score, negative financial history or an unfavorable debt-to-income ratio. If this happens, you can take certain steps to navigate this setback.

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 these reasons can help you improve your weak areas and prevent another loan application denial in the future.

2
Modify your loan terms

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

3
Look for another lender

Different lenders have varying eligibility criteria for personal loan approval. Shopping around and considering factors such as minimum credit score requirements, interest rates, loan terms, additional fees and customer service can help you find the best lender for your particular needs and circumstances.

4
Explore credit counseling services

Lenders often look at your debt-to-income ratio when evaluating your loan application. You may consider a credit counseling agency to manage your credit card debt better and develop your budget. You can search for credit counseling services from the Department of Financial Protection and Innovation's published list of nonprofit credit counseling agencies. The Department of Justice's list of approved credit counseling agencies is another valuable resource.

FAQ About Personal Loans in Sunnyvale, CA

We addressed common questions on the best personal loans in Sunnyvale, California, offering insights to aid your decision-making process.

Who is the best overall personal loan lender in Sunnyvale, California?
What are personal loans used for in Sunnyvale, California?
What are the interest rates on personal loans in Sunnyvale, California?
What are the benefits and drawbacks of personal loans?
What are some personal loan red flags to look out for?
How to apply for a personal loan online?
Can I get a personal loan with bad credit in Sunnyvale, California?
What are the best low-interest personal loans in Sunnyvale, California?
What is an installment loan? Is there a difference between personal loans and installment loans in Sunnyvale, California?
Is there a difference between credit union loans and bank loans in Sunnyvale, California?

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.