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Best Personal Loans in Orlando, FL

Personal loans are helpful when you need to pay for significant expenses like weddings and home improvements or if you want to consolidate debt. In Florida, the average personal loan debt is $10,400 at an average interest rate of 9.25%.

Personal loans are usually unsecured, so your credit score is an important factor to lenders. So is the total amount of debt you carry, your income, debt-to-income ratio and employment history. MoneyGeek’s research found that the average credit score in Florida is 713.

To get the best personal loan in Orlando, you should make sure it meets your needs and financial situation.

Last Updated: 6/7/2022
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MoneyGeek’s Pick for Best Personal Loan Lender in Orlando, FL: Truist

To help you find the top-rated lenders in Orlando, Florida, MoneyGeek analyzed over 30 personal loan-related data points.

We evaluated each lender’s loan terms, interest rates and fees. We also looked at their credit score and income requirements. Our research further included factors such as how easy it is to apply for a loan and the lender’s customer service reputation.

Best Overall Personal Loan Lender in Orlando, FL: 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 Recieve Funds

    on Truist Website

Best Personal Loan Lender for Bad Credit in Orlando, FL: 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 Recieve Funds

    on Upstart Website

Best Personal Loan Lender for Good Credit in Orlando, FL: 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 Recieve Funds

    on SoFi Website

Best Personal Loan Lender for Debt Consolidation in Orlando: 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 Recieve Funds

    on Upgrade Website

Best Personal Loan Lender for Home Improvement in Orlando: 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 Recieve Funds

    on Best Egg Website

How to Choose the Best Personal Loan Lender In Orlando for You

Personal loans can give that extra financial support you need for unexpected expenses like funerals, large purchases or home improvements. You’re certainly not the only person looking for an unsecured loan: Florida's average personal loan debt is $10,400. You’ll need to consider a number of factors when applying for a personal loan in Orlando, such as your credit score, current debt and income.

To guide you through your personal loan journey, MoneyGeek lists a few crucial steps.

1

Ask Yourself the Important Questions

Before you even consider personal loan companies, it’s essential to know your current needs and financial situation. Double-check if you are able to pay off a loan over an extended period, without stretching yourself too thin. Also, check which lenders you qualify for based on their specific requirements.

The following questions can help you save time and narrow down your choices of lenders:

  • How much funding do I need?
  • What is my credit score?
  • Can I afford the monthly payment?
  • How much debt do I already have?
2

Do Your Research

Because each lender has different requirements, conditions and rates, take the time to shop around and compare. A typical loan term is about 2–4 years, so you’ll want to be sure before committing.

At this stage, ask yourself what your priorities are. You may find that a particular lender caters to only half of what you need. You’ll want to find a lender that fits your needs. MoneyGeek researched several lenders so you can get a headstart. But if none of our recommendations fit your needs, other providers are available in Orlando.

3

Wait

After you’ve done your research, think it over. Personal loans are big commitments, and it’s okay to take your time and give yourself a few days before you decide. You also need to be confident in your chosen lender. Revisiting your options after some time has passed lets you make a more objective decision.

4

Read the Fine Print

Because hidden costs may show up in the lender’s loan agreement, you’ll want to read the fine print closely. In addition to prepayment penalties, late fees and origination fees, you might find administration fees or other charges. The fine print could contain important details about your personal loan in Orlando.

5

Apply

Lenders require your identification, address verification and proof of income. While it’s easier to apply online (and most lenders offer that option), you can call or visit the provider if you prefer.

What To Do if You Can’t Get a Personal Loan in Orlando, FL

Having your application denied doesn’t mean you’re at the end of your personal loan journey. There may be several reasons you’re having trouble getting a personal loan in Orlando. You might not have met specific criteria like the minimum credit score, gross income or debt-to-income ratio.

Reach out to your lender and ask for the specific reason your loan wasn’t approved. If possible, modify your application to shorten the loan term or decrease the loan amount, and resubmit. If this doesn’t work, try applying with another lender. However, don’t do this until you’ve improved whatever caused your first application to get denied.

Be wary of payday loans. While tempting, payday loans have extremely high interest rates and short payback periods.

Frequently Asked Questions About Personal Loans in Orlando, FL

MoneyGeek answers commonly asked questions about personal loans in Orlando to guide you through the process. Remember that the best lender for you depends on your needs, income and credit score.

Our Personal Loan Methodology

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 determined 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.

*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’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, credit card issuer, hotel, airline, or other entity.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings for our coverage of credit card products. MoneyGeek and CardRatings may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.