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MoneyGeek’s Pick for Best Personal Loan Lender in Florida: Truist

To help you find the best personal loans in Florida, MoneyGeek used 30+ data points to score the best lenders for various profiles and needs. We evaluated lenders on factors such as interest rates, repayment terms, fees, penalties and loan limits. We also analyzed and compared minimum requirements set by different lenders as well as the customer experience offered.

Best Overall Personal Loan Lender in Florida: Truist

  • Truist

    • 8.14% to 18.99%APR Range
    • NoneMinimum Credit Score
    • $3,500 to $50,000Loan Amount Range
    • 6 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds


Best Personal Loan Lender for Bad Credit in Florida: 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


Best Personal Loan Lender for Good Credit in Florida: 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


Best Personal Loan Lender for Debt Consolidation in Florida: 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


Best Personal Loan Lender for Home Improvement in Florida: 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

    Best Egg

How to Choose the Best Personal Loan Lender in Florida for You

On average, personal loans in Florida attract an interest rate of 9.25%. The average personal loan debt in the state is $10,400, but there are a variety of rating factors used by lenders to determine loan amounts, repayment periods and interest rates.

You can take out a personal loan in Florida for different purposes, including financing large purchases, consolidating your debt, home improvement or medical expenses. However, it is important to consider the best lender for you based on your specific need and profile. Here are some steps to follow to make the best decision for your circumstances.


Ask Yourself the Important Questions

Before taking out a personal loan, you need to determine whether you can afford the loan, how much you need and how it will impact your debt-to-income ratio. This requires you to ask yourself the following questions:

  • How much funding do you need? - Make sure you know your exact funding needs so that you don’t apply for too much or too little.
  • What is your credit score? - Knowing your credit score can help you determine which lenders you can qualify with.
  • Can you afford the monthly payments? - Understand your budget so you can make an informed decision on if you can afford monthly loan payments.
  • How much debt do you already have? - Make sure it’s in your best interest to take on more debt based on the debt you already have.

Do Your Research

When shopping for the best personal loans in Florida, you can save significantly on costs by comparing rates and fees charged by different lenders. This is why it is important to do your own research to find out which lenders have terms and rates that best suit your needs. Loan payments are a long-term commitment that can last up to four years or more, so finding the best lender is crucial.

MoneyGeek recommends the best lenders for different profiles, but your specific needs will determine who the best lender for you is. Explore your options and do thorough checks to find the best lenders based on your credit score, require loan limits and other factors.



Before submitting a personal loan application, take a day or two to weigh the pros and cons. Waiting gives you time to consider the impact the loan payments will have on your finances and whether you are ready for the commitment. In some cases, you may find that there might be cheaper financing options that may be better for you than a personal loan. Waiting allows you to explore your options and pick the best solution for your needs.


Read the Fine Print

You may find yourself incurring a host of hidden charges if you do not take time to read the fine print. Some lenders charge late fees, early payment fees or origination charges, so it is important to be fully aware of these fees before signing up. While these fees may seem small, over time they can add up and increase your loan payments significantly. It pays to find out beforehand what charges you can expect to incur.



Once you have settled on a suitable lender and identified all the requirements needed, you can apply for your personal loan. It is standard for lenders to ask for personal information such as your address, proof of income and identification during the application process. In most cases, lenders offer online application platforms that you can use, but you can also visit or call the lender to seek personal clarification on terms, rates and other pertinent information.

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

It is normal for personal loan applications to be declined. Your application may be denied for a variety of reasons, including not having the minimum requirements for eligibility. Take the time to find out from the lender the reason why your application was declined. This information will help you understand what areas you need to improve to be eligible for personal loans. You may also find out that you may qualify for a lower amount than you initially applied for or for a shorter term.

If you are declined, you can apply for a loan at a different company depending on the reason you were declined. However, it is best to work on improving your creditworthiness before re-applying. You should also avoid payday loans as much as possible since they tend to have high interest rates and very short repayment periods.

Frequently Asked Questions About Personal Loans in Florida

There are many options when looking for personal loans in Florida, but the best lender for you will depend on your specific profile. The answers to commonly asked questions below will give you more information on getting a personal loan in Florida.


What is the best personal loan lender in Florida?

Truist is the best personal loan lender in Florida for the average borrower. Truist offers low interest rates, flexible loan limits and repayment periods. However, if you have poor credit, Upstart is the best lender. Those who want to consolidate debt will get the best terms and rates from Upgrade. SoFi is the best lender if you have good credit, while Best Egg is the best option for home improvement loans.


Which lender in Florida has the lowest interest rate?

Upstart has the lowest interest rates among lenders in Florida, with rates starting at 3.22%.


Can I use a personal loan for vacations in Florida?

You can use a personal loan for vacations in Florida. Most lenders will offer personal loans for different purposes, although there can be usage limitations depending on the particular lender. Always check with the lender regarding their restrictions on the usage of funds.


Can I use a personal loan for home improvement in Florida?

Yes, you can use a personal loan for home improvement in Florida. Lenders like Best Egg offer both secured and unsecured personal loans that can be used for home improvement. However, the loan limits available, as well as interest rates charges, will vary from lender to lender. Always find out the specific terms from your lender.


What can I not use my personal loan for in Florida?

Certain lenders in Florida will not let you use a personal loan for illegal activities, gambling, investments or funding a college education. However, each lender may have different restrictions on usage. Some lenders, like Truist, don’t allow personal loans to be used for refinancing existing loans. Check with your lender for their terms on the usage of funds.


How much can I borrow in Florida?

Personal loan limits in Florida can vary from as low as $1,000 to $100,000 depending on the lender, your creditworthiness and other rating factors. Your lender will evaluate how much you can borrow based on your credit score, gross income, debt to income ratio and more.


How long does it take to get a personal loan in Florida?

You can get a personal loan in Florida on the same day, or funds may take up to seven days depending on the lender. Lenders like Truist offer disbursement within the same day, while others will take up to seven days to disburse loans depending on factors such as the loan limit.


Can I pay off my loan early in Florida?

Yes, most lenders in Florida allow you to pay your loan early without incurring any early payment fees. However, some lenders may charge you for paying off your loan early. Always read the fine print to verify whether you will be charged for early payment.

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

Within each ranking criteria category, we considered several individual data points that we feel carry the most weight when choosing a personal loan lender. These factors include APR ranges, available loan amount, minimum credit score, minimum income amount, application fees and disbursement time.

Here at MoneyGeek, we value you, the consumer, so we also factor in each lender’s customer support, business ratings and additional features that could make your experience easier and more accessible — like prequalification, payment options and mobile apps.

After careful consideration and calculation, our picks are decided and chosen with your best interest in mind. Our personal loan recommendations and expert tips are meant to help you make the best decision when choosing a lender that meets your needs.


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.