Best Personal Loans in Cape Coral, FL: Top Lenders & Best Picks for You

Updated: December 28, 2023

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MoneyGeek's Picks for Best Personal Loan Lenders in Cape Coral, FL

When funds are required, a personal loan may be the most suitable solution. MoneyGeek analyzed over 30 lenders to help you get the best personal loan in Cape Coral based on a range of factors. These include loan amounts, repayment periods and interest rates. Your minimum credit score, income verification and employment confirmation are just a few of the criteria that could influence your approval.

MoneyGeek also acknowledges that these lenders may provide you with a user-friendly application procedure, online application options and mobile apps to help you manage your transactions.

Best Overall Personal Loan Lender in Cape Coral: 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

    Truist was established following the merger of BB&T and SunTrust Banks in 2019. The lender offers a variety of loan options, including personal loans with funding amounts ranging from $3,500 to $50,000. MoneyGeek ranked Truist as the best personal loan provider in Cape Coral.

    Since Truist does not impose a minimum credit score for applicants, even those with poor credit might be able to obtain a loan. The repayment period can range between six and 60 months. However, unlike other lending institutions, Truist does not offer prequalification, and usage restrictions apply. Truist does not charge origination, prepayment or late fees.


    • No minimum credit score requirement
    • No late, origination or prepayment fees
    • Autopay discount
    • A+ BBB rating


    • Performs a hard credit check
    • Not available to new borrowers
    • No direct payment for debt consolidation
    • Restricted use of funds
    • No co-signers permitted

Best Personal Loan Lender for Bad Credit in Cape Coral: 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

    Upstart, established in 2012, is an artificial intelligence (AI) lending platform designed to provide bank partners with access to financing at favorable rates. Its personal loans can be used for a range of purposes, including debt consolidation, home renovations, medical expenses, credit card consolidation and auto refinancing.

    Although many lenders place a significant focus on credit scores, Upstart also considers your employment and income. The lender does a soft credit check, so your credit rating will not be impacted. Upstart is the ideal alternative for individuals in Cape Coral with bad credit who seek a personal loan within the next business day.


    • Low minimum credit score required
    • A+ BBB rating
    • Low minimum income requirement
    • No prepayment penalty
    • Joint loans available


    • Charges origination fees
    • Only available to employed borrowers
    • No autopay discount
    • No co-signers
    • Potential late fees

Best Personal Loan Lender for Good Credit in Cape Coral: 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

    SoFi, a company founded in 2011, is a dependable choice for individuals with high-to-outstanding credit and a minimum yearly income of $50,000. Borrowers with excellent credit may have a positive experience applying for a personal loan in Cape Coral via SoFi's entirely online application process.

    SoFi offers personal loans of up to $100,000 with flexible payback terms. Soft credit checks have no impact on your credit score and are undetectable to providers. SoFi offers loans with no fees and moderate interest rates, but applicants must have a minimum credit score of 680 to qualify.


    • Performs a soft credit check
    • Flexible payback terms
    • High maximum loan amount
    • Autopay discount
    • No origination, prepayment and late penalty fees


    • No co-signers
    • Requires excellent credit score
    • Fund release can take two days
    • Income requirements
    • Need a 680 credit score or better to apply

Best Personal Loan Lender for Debt Consolidation in Cape Coral: 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

    Upgrade was founded in 2017 by a group of fintech experts and offers secured personal and auto loans, credit cards, rewards checking accounts and unsecured personal loans. Upgrade personal loans are available for up to $50,000 with flexible payback terms.

    The lender emerged as MoneyGeek's top choice for debt consolidation personal loans in Cape Coral. Upgrade welcomes applicants with a minimum credit score of 560 and no minimum income requirement.

    Because it concentrates on borrowers with poor and fair credit, Upgrade charges relatively high interest rates in addition to late payment and origination penalties for its personal loans.


    • Soft credit check
    • Autopay discount
    • No prepayment fee
    • Fair minimum credit score requirement
    • A+ BBB rating


    • Low loan cap
    • Charges origination fees
    • Fund usage restrictions
    • No co-signers
    • Imposes late payment fees

Best Personal Loan Lender for Home Improvement in Cape Coral: 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, a lender based in Delaware, offers affordable personal loans to clients with stable annual earnings and excellent credit histories. Buyers without lengthy credit history or stable employment may find better offers from other insurance providers. Best Egg provides users with access to loans between $2,000 and $50,000.

    MoneyGeek selected Best Egg as the best personal loan provider in Cape Coral for home improvements. Funding is generally available the next day, but be prepared to need to prove that you meet certain income requirements.


    • Does a soft credit check
    • Autopay discount
    • No prepayment penalty
    • A+ BBB rating


    • Low maximum loan amounts
    • Includes both origination and late fees
    • Good credit score required
    • No co-signers
    • Won’t accept people with new or no credit
    Best Egg

Where to Start: How to Choose the Best Personal Loan Lender in Cape Coral for You

The average loan amount for personal loans in Florida is $10,400. Before applying for a personal loan in Cape Coral, it is important to compare interest rates, loan amounts, loan terms and any additional fees.

As per MoneyGeek's analysis, there are some important factors to consider before applying for a personal loan in the city.

Ask Yourself the Important Questions

Before selecting which lender’s eligibility requirements you meet, you must first consider whether a personal loan is a good decision for you. To find the best personal loan in Cape Coral, you should ask yourself the following questions:

  • How much funding do I need? Determine how much money you require, then search for a lender who can provide that amount.
  • What is my credit score? Your credit score has an influence on whether or not you are eligible for loans as well as the interest rates that will be applied to those loans.
  • Can I afford the monthly payment? If you are unable to make your payments on time, you may be subject to late fines, and your credit score will take a hit.
  • How much debt do I already have? If you are already making payments on multiple debts, it might not be a good idea to add another loan to your list.
Do Your Research

Perform thorough research before applying for a personal loan in Cape Coral. To choose which lender offers the best deal for your needs, you can compare the interest rates of multiple lenders. Verify where the funds can be used since some lenders impose restrictions on how the loan can be utilized.

No matter your specific profile, MoneyGeek keeps you updated and recommends the best lenders for various situations. Our study may be able to assist you in making a well-informed decision. However, doing your own research for your unique situation is important since loans are long-term commitments that take around two to four years to repay.


It is usual to experience remorse or question your decision after obtaining a personal loan. Therefore, postponing your application will help you prevent this from happening. Since you will be compelled to make monthly payments for many years, it is imperative that you select the best choice. Before deciding whether obtaining a personal loan is the best decision, you should examine all of your alternatives.

Read the Fine Print

Before submitting your application, it is highly recommended that you read the fine print. It is possible that you will incur significant additional costs if you fail to read it thoroughly. Do not presume you understand all facets of the loan. Examine it thoroughly to grasp every detail so that you aren’t caught off-guard by fees or penalties.


After you've done all of these steps, it is time for the most important part of the application process for a personal loan. During the application process, you will be required to submit certain documentation and information in support of your loan application. You can submit an application for a loan in a number of different ways, including online, over the phone or in person with the lender.

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

Lenders may reject your application for a personal loan in Cape Coral for a number of reasons, including poor credit, exorbitant loan amounts, low earnings and incomplete or missing application information.

However, the denial of your application should not be a source of anxiety. It is prudent to contact your lender and inquire about the specific reason why your application was denied. Once you understand the reason behind rejection, you can make adjustments to avoid future rejection.

You might be able to modify certain loan terms with the lender's approval. These modifications may include decreasing the requested loan amount or double-checking certain application information.

Another alternative is to submit a loan application to a different lender. However, if you do so without addressing the reason your initial application was denied, your next application can also be declined. Therefore, the optimal response to a rejected application is to address the cause of the rejection.

In addition, although payday loans can be appealing, they are not advisable since they can end up charging you high fees and interest.

Frequently Asked Questions About Personal Loans in Cape Coral

Even if our analysis of personal loans in Cape Coral may have provided you with a closer evaluation of lenders, your financial demands remain the most important consideration to address when choosing a loan. MoneyGeek has provided answers to frequently asked questions regarding Cape Coral personal loans to help with your decision-making.

What is the best personal loan lender in Cape Coral?
Which lender in Cape Coral has the lowest interest rate?
Can I use a personal loan for vacations in Cape Coral?
Can I use a personal loan for home improvement in Cape Coral?
What can I not use my personal loan for in Cape Coral?
How much can I borrow in Cape Coral?
How long does it take to get a personal loan in Cape Coral?
Can I pay off my loan early in Cape Coral?

Our Personal Loan Methodology


MoneyGeek assessed over 30 personal loan providers using over 35 separate data points in six essential categories: loan affordability, accessibility, consumer friendliness, customer service, flexibility and lender transparency.

We considered a variety of separate data points that we believe to be the most essential when picking a personal loan lender based on each ranking factor, including APR ranges, maximum loan amount, necessary credit score, required minimum income, application fee and disbursement duration.

MoneyGeek values you as a customer. Therefore, we also consider each lender's customer support, business ratings and other features, such as prequalification, payment choices and mobile apps.

After extensive deliberation and analysis, our choices have been made with your best interests in mind. We believe that our personal loan recommendations from industry experts will allow you to choose a lender that meets your needs the best.

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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.