Best Personal Loans in Jacksonville, FL

MoneyGeek found that Truist is the best lender for the average borrower in Jacksonville. The company was formed from the merger of BB&T and SunTrust and offers personal loans to borrowers in 15 states, including Florida. Its A+ Better Business Bureau (BBB) rating, indicates that the company provides excellent customer service.

Truist stands out among lenders in Jacksonville for offering relatively low APR rates and flexible loan limits. Depending on your creditworthiness, you’ll receive an interest rate ranging from 8.14% to 18.99%, with no origination or early payment fees. If you need funds urgently, Truist disburses funds quickly, usually within the next day.

Truist does not have a specific gross income requirement, but borrowers need a lengthy credit history to qualify. This lender does not have a prequalification option so you cannot check rates online before applying.

Upstart is an artificial intelligence (AI) lending platform that was founded in 2012. The lender offers borrowers flexible loan limits with repayment terms of up to 60 months. To qualify for an Upstart loan you don’t need a lengthy credit history, making it the best option for borrowers with poor credit.

Although the lender does have a minimum gross income requirement, it’s relatively low at $12,000. Borrowers can check online to see if they pre-qualify for a loan without affecting their credit score. With next-day funding available, Upstart is also a good option if you need funds quickly.

Though Upstart only requires a relatively low credit score of 300, its personal loans come with a high maximum APR — up to 35.99%. The lender also has origination fees and late fees, potentially increasing the cost of your loan.

SoFi was founded in 2011 and was the first company to refinance federal and private student loans. As the company grew, the lender expanded its loan product offerings to include personal loans in 2015. Today, this lender is the best option for borrowers with good credit scores that need a larger personal loan at a relatively low APR.

You can get a personal loan from SoFi ranging from $5,000 to $100,000 at an APR between 5.74% and 20.28%. SoFi personal loans can be used for various purposes including funding home renovations, financing big purchases and consolidation of debt. The lender has a quick and convenient online application process, including the option to check if you prequalify without negatively impacting your credit score.

However, funds from SoFi loans cannot be used for education expenses. If you’re seeking a loan for this reason, you should apply with a different loan lender. The lender’s high minimum gross income requirement of $50,000 may also prevent some borrowers from applying for a loan.

For borrowers looking for the best personal loans in Jacksonville to consolidate debt, Upgrade is their best option. This lender will pay your creditors directly if your loan is for debt consolidation.

Established in 2016, Upgrade offers personal loans with flexible loan limits ranging from $1,000 to $50,000 with a variety of repayment terms. Funds are disbursed relatively quickly — usually within the same business day of your loan approval. However, you need a minimum credit score of 560 to qualify and loans are subject to origination fees.

Best Egg was founded in 2014 and is the best lender in Jacksonville for borrowers who want a personal loan for home improvement or renovations.

To qualify for a Best Egg personal loan you need a minimum credit score of 700 and a gross income of at least $50,000. Typically, loans are disbursed in one to three days, so Best Egg is a good choice for borrowers who need funds quickly. You can also check rates online without affecting your credit score using the pre-qualification option.

Compared to other lenders, Best Egg has relatively high fees and APR rates, but you may qualify for lower interest rates based on your creditworthiness. This lender does not allow co-applicants.