Best Personal Loans in Aurora, CO

LightStream is one of the nation's leading online lenders, offering fixed-rate loans for various purposes. Truist, a company formed in 2019 through the merger of BB&T and SunTrust, owns LightStream.

Several features set this company apart. This bank, for instance, offers a loan maximum of $100,000. In addition, it doesn't charge origination, late, or prepayment fees and offers a rate discount of 0.5% for using autopay.

The lender typically transfers funds directly to a customer's account within one business day after applying via the website or mobile app. Funds are, however, subject to usage limits. They can't be used to pay an existing LightStream loan, to pay for post-secondary education or to refinance a home.

LightStream offers low-interest rates, but they are only available to borrowers with excellent credit scores.

Pros

• Loans of up to $100,000
• No fees or prepayment penalty
• Same-day loan processing
• Offers competitive rates among online lenders
• Offers 0.5% point rate discount for setting up autopay

Since its founding in 2012, the BBB has given Upstart an A+ rating. Because there are few restrictions on how you may use funds, you can utilize an Upstart personal loan in Aurora for almost anything.

Our top pick for the best lender for those with bad credit is Upstart because its minimum credit score requirement is 300 and minimum annual salary requirement is $12,000.

The bank conducts soft credit checks, which will not impact your credit score. Upstart also processes personal loans quickly, making funds available the same or following day. The company only offers loans of up to $50,000. If you need a larger amount, you may need to explore other options.

When you apply for a personal loan from Upstart with bad credit, you can expect to pay high interest rates.

Pros

• Ability to choose a custom payment date
• Receive funds the next day
• No prepayment penalty
• Accessible to borrowers with fair credit
• Offers prequalification with a soft credit check

Social Finance, or SoFi, has provided loans and other products to customers since 2011. MoneyGeek has rated it the best Aurora personal loan lender for borrowers with good credit, and the BBB gives it an A+ rating.

The bank requires a credit score of 680 or more to be eligible for a loan. If qualified, you can receive a loan of up to $100,000 two days after your loan application approval. In addition, setting up automatic payments can save you 0.25%. You won’t have to pay origination or late fees, and there’s no penalty for repayment.

Additionally, the bank performs soft credit checks, which do not impact your credit score. If you lose your job, SoFi's unemployment protection program lowers your monthly loan payments.

This lender may not be suitable for applicants who require a cosigner, do not meet the $50,000 income threshold or have a credit score below 680.

Pros

• Maximum loanable amount of $100,000
• Auto payment discount of 0.25%
• Performs soft credit inquiry without impacting your credit score
• Loan funding within two days
• No origination fee, late fee or prepayment penalty

Upgrade is a fintech startup founded by experienced executives in 2017. It offers a variety of features that make it appealing to potential borrowers. The company does not charge a prepayment fee, unlike most lenders. In addition, Upgrade directly pays third-party lenders if you consolidate your debts. The company conducts soft credit checks to avoid damaging your credit score.

Upgrade can charge higher interest rates depending on your credit score, so its personal loans may not be suitable if you're looking for one with a low APR.

Pros

• No prepayment penalty
• No fees
• Same-day funding loan option
• Conducts soft credit check that doesn't affect credit scores
• Directly pays third-party creditors for debt consolidation

Since 2014, Best Egg has provided online loans to borrowers in 47 states. Through Cross River Bank and Blue Ridge Bank, it offers unsecured and secured personal loans in Aurora. The lender has an A+ rating from the BBB.

If you qualify, you can choose from loans between $2,000 and $50,000 and can take advantage of services like Direct Pay to consolidate your credit cards. To ensure your credit score will not be affected, the company conducts soft credit checks. Additionally, it does not charge prepayment fees if you pay off your loan early.

There is, however, an origination fee of up to 5.99%. Additionally, borrowers need a credit score of at least 700 as well as an income of at least $100,000 to qualify for the lowest rates. If you don’t meet these requirements, this lender may not be right for you.

Pros

• Conducts soft credit checks
• Debt consolidation loans are paid directly to third-party lenders
• No prepayment penalty
• Available for a wide range of uses