Best Personal Loans in Florida

Truist is the best overall lender for personal loans in Florida. Founded in 2019 after a merger between BB&T and SunTrust, Truist is available in 15 states, including Florida.

Truist has a relatively low APR rate starting from just 2.49% and is also low on fees with no prepayment or origination fees for primary personal loans. This lender even offers a wide range of loan limits and payment options to suit different needs.

You need a minimum credit score of 660 to qualify for a Truist personal loan, but you do not need to have a specific minimum income to qualify. This lender is also ideal if you need funds urgently since funds are disbursed within the same business day. However, there is no prequalification option, and Truist conducts hard credit checks, which may impact your credit score.

Pros

• A+ BBB rating
• No prepayment penalties
• Same day disbursement of funds
• 0.5% autopay discount

• APR range: 8.14%–18.99%
• Minimum/maximum loan amount: $3,500–$50,000
• Minimum credit requirements: None
• Repayment terms: 6–60 months
• Time to receive funds: Next day

If you have a bad credit score, Upstart is the best lender for personal loans in Florida. Upstart was founded in 2012 and is available in 48 states, including Florida.

Upstart has a minimum credit score of just 300, meaning even borrowers with bad credit can qualify for personal loans. It also allows lenders to modify their payment dates to fit their needs. This lender uses artificial intelligence to qualify borrowers, especially in cases where you may not have a lengthy credit history.

Upstart gives loans for either three- or five-year terms with an interest rate ranging from 3.22% to 35.99%. You can check if you prequalify without affecting your credit score since Upstart conducts soft credit checks.

Upstart’s online application process is fast and easy, but you may have to pay origination fees of up to 8% depending on your creditworthiness. Upstart has an online platform that borrowers can use to conveniently manage their accounts.

Pros

• A+ BBB rating
• Low minimum credit score requirement of 300
• No prepayment penalties
• Flexible payment options
• Soft credit inquiry

• APR range: 3.22%–35.99%
• Minimum/maximum loan amount: $1,000–$50,000
• Minimum credit requirements: 300
• Repayment terms: 36–60 months
• Time to receive funds: Next day

MoneyGeek found that SoFi is the best lender for personal loans in Florida if you have a good credit score. SoFi was founded in 2011 and is available in 49 states, including Florida.

SoFi is a good option for borrowers in Florida who want high loan amounts since it offers personal loan limits of up to 100,000. This lender is also low on fees, and borrowers will not incur any origination fees, prepayment or penalty fees.

The online application process is quick and easy, but the minimum you can borrow is $5,000. For lower loan needs, this may not be the best lender. SoFi offers unemployment protection where you can modify your monthly payments for up to 12 months if you lose your job.

Not everyone will qualify for a SoFi personal loan since it requires a minimum credit score of 680 and a gross income of at least $50,000. In some cases, disbursement of funds may take up to seven days depending on the loan amount, so this lender may not be ideal if you need funds for an emergency.

Pros

• A+ BBB rating
• No penalties for prepayment
• High loan limits
• No late fees
• Discounts for autopay

• APR range: 5.74%–20.28%
• Minimum/maximum loan amount: $5,000 - $100,000
• Minimum credit requirements: 680
• Repayment terms: 12–60 months
• Time to receive funds: Two days

If you are looking for a debt consolidation loan in Florida, Upgrade is the best lender. Upgrade is available in all 50 states, including Florida.

Upgrade offers borrowers flexible loan limits ranging from $1,000 to $50,000, which can be repaid within three- to five-year terms. You can choose to have your funds paid directly to creditors if your loan is for debt consolidation. Loans are also disbursed fairly quickly. If you need a personal loan for emergencies, Upgrade is a good option. However, you will pay origination charges and late payments will also attract fees.

Applicants with a credit score of at least 560 can qualify for an Upgrade personal loan. Upgrade does not have a minimum gross income requirement for borrowers to qualify for personal loans, but employment is required. There are also limitations to the usage of funds, including any illegal activities, funding college education and investments.

Pros

• A+ BBB rating
• Quick loan disbursement
• No fees charged for prepayment
• Pre-qualification available with soft credit inquiry
• No minimum gross income requirement

• APR range: 5.94%–35.47%
• Minimum/maximum loan amount: $1,000 - $50,000
• Minimum credit requirements: 560
• Repayment terms: 36–60 months
• Time to receive funds: Same day

If you are looking for the best personal loans in Florida for home improvement, Best Egg is the top option. Best Egg offers flexible loan limits of up to $50,000 that can be used for a variety of purposes, including home improvement. This lender offers both secured and unsecured personal loans with a minimum credit limit requirement of 700.

If you are a homeowner, you can get a secured personal loan from Best Egg. Interest rates range from 4.99% to 35.99% depending on your creditworthiness. You can check if you prequalify for a personal loan without impacting your credit score since this lender conducts soft credit checks. The minimum gross income requirement to get a loan from Best Egg is at least $50,000.

Best Egg was founded in 2014 and is available in 47 states, including Florida.

Pros

• A+ BBB rating
• Quick disbursement
• Auto payment discounts
• Soft credit inquiry
• No usage limits

• APR range: 4.99%–35.99%
• Minimum/maximum loan amount: $2,000 - $50,000
• Minimum credit requirements: 700
• Repayment terms: 36–60 months
• Time to receive funds: Next day