Best Personal Loans in Port St. Lucie, FL: Top Lenders & Best Picks for You

MoneyGeek's Picks for Best Personal Loan Lenders in Port St. Lucie, FL

To select the best personal loans in Port St. Lucie, MoneyGeek examined lenders for over 30 data points. We considered their loan amount ranges, interest rates, repayment terms and associated fees.

In addition, we took a look into their evaluation process, noting their minimum requirements regarding credit scores and gross incomes. Our top picks for different borrower profiles can help you figure out the best option for your unique needs and financial profile.

Best Overall Personal Loan Lender in Port St. Lucie: 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 is MoneyGeek’s pick for the best overall personal loan in Port St. Lucie. The company was formed after the merger of SunTrust and BB&T in 2019.

    With Truist, you can take out a personal loan from $3,500 to $50,000 for various financial purposes. You won’t be charged any origination fees or prepayment penalties, and you can receive your funding as early as the next day.

    Truist’s personal loans have low interest rates. Note that although the company doesn’t have a minimum credit score requirement, excellent credit is needed to qualify for the lowest rate.

    Pros

    • No origination fee
    • No prepayment penalty
    • A+ BBB rating

    Cons

    • Maximum loan amount capped at $50,000
    • Excellent credit score needed for lowest rates
    • Conducts hard credit inquiries
    • No co-signers
    • Fund use restrictions
    Truist

Best Personal Loan Lender for Bad Credit in Port St. Lucie: 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

    MoneyGeek discovered that Upstart offers the best personal loans in Port St. Lucie for individuals with bad credit. Launched in 2012, the company uses artificial intelligence (AI) to process loans.

    Upstart requires a minimum credit score of 300, but you can also apply even with insufficient credit history. In addition, your debt-to-income ratio must not exceed 50%. Those eligible for an Upstart personal loan can borrow up to $50,000.

    Because it has low borrowing limits, Upstart may not be a good option for those who want a larger loan. It’s also not a good fit for borrowers who want to avoid paying origination or late fees.

    Pros

    • A+ BBB rating
    • Accepts borrowers with bad credit
    • Soft credit check
    • No prepayment penalty

    Cons

    • Maximum loan amount of $50,000
    • High maximum interest rate
    • No autopay discount
    • Charges origination and late fees
    • No co-signers
    Upstart

Best Personal Loan Lender for Good Credit in Port St. Lucie: 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 was launched in 2011 to provide student loans but has since evolved to include other financial products, including personal loans. MoneyGeek’s study found that this lender offers the best personal loans in Port St. Lucie for borrowers with good credit.

    You can borrow up to $100,000 in personal loan funds from SoFi. There are no origination, prepayment and late fees, helping you save money. Plus, setting up automatic payments can earn you a 0.25% interest rate reduction.

    Although these features are attractive, it’s important to note that SoFi may not be a good option for everyone. For instance, if you only need to borrow a modest sum or if you plan on using your loan for education, real estate or business purposes, you might want to consider other lenders.

    To qualify for a personal loan from SoFi, you need a credit score of at least 680 and a minimum gross income of $50,000.

    Pros

    • 0.25% autopay discount
    • No origination and late fees
    • No prepayment penalty
    • A+ BBB rating
    • Loans up to $100,000

    Cons

    • Minimum loan amount of $5,000
    • Doesn’t allow co-signers
    • High credit score requirement
    • Income requirements
    SoFi

Best Personal Loan Lender for Debt Consolidation in Port St. Lucie: 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

    If you plan on taking out a personal loan for debt consolidation, Upgrade could be your best option in Port St. Lucie. This lender offers to send the payoff balance directly to creditors for this particular purpose.

    Those with a minimum credit score of 560 are welcome to apply for an Upgrade personal loan. The company offers personal loans up to $50,000. Keep in mind that there’s an origination fee and up to a $10 late fee.

    Upgrade prohibits borrowers from using their personal loans on college expenses, investments and illegal activities. The company was launched in 2017, serving customers in 50 states.

    Pros

    • Moderate credit score requirement
    • Offers to pay creditors directly
    • Conducts soft credit pulls
    • No prepayment fee

    Cons

    • Loan amounts capped at $50,000
    • Charges origination fee
    • Up to $10 late fee
    • Restrictions on loan use
    • No co-signers
    Upgrade

Best Personal Loan Lender for Home Improvement in Port St. Lucie: 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

    MoneyGeek identified Best Egg as the best option for home improvement personal loans in Port St. Lucie. The online lending company has been around since 2014, offering personal loans and credit cards to consumers.

    With Best Egg, you can take out a personal loan from $2,000 to $50,000 for home improvements and repay it for up to five years. If you decide to pay off your loan before the end of your term, you won’t be charged a prepayment penalty. However, Best Egg will charge you an origination fee.

    Note that only those with a minimum credit score of 700 are qualified to apply for a Best Egg personal loan. Co-signers are not allowed, and you will also be subjected to income requirements.

    Pros

    • Has autopay discount
    • No prepayment fee
    • Performs soft credit check first
    • A+ BBB rating

    Cons

    • Low maximum borrowing limits
    • Minimum credit score requirement of 700
    • Charges an origination fee
    • Income requirements
    • No co-signers
    Best Egg

Where to Start: How to Choose the Best Personal Loan Lender in Port St. Lucie for You

The average borrower in Florida has a personal loan debt of $10,400. Many people take out personal loans to use for various purposes, such as medical bills or debt consolidation.

When shopping for personal loans in Port St. Lucie, keep in mind that the loan amount, your credit score and the repayment term will depend on your lender. MoneyGeek highlighted some steps you can take to choose the best option for your unique needs.

  1. 1
    Ask Yourself the Important Questions

    Before completing a personal loan application, ask yourself the following questions to determine if you’re making the right financial decision:

    • How much money do you need? It’s important to determine how much funding you need to cover your particular needs and situation.
    • What is your credit score? Keep in mind that having a good-to-excellent credit score can increase your chances of getting loan approval.
    • Can you afford the monthly payment? Personal loans are a long-term commitment. Make sure you have a steady source of income that can cover the monthly payments for the duration of your loan.
    • Do you have existing debts? You could end up digging yourself into a financial hole if you add another loan on top of your existing debts.
  2. 2
    Do Your Research

    A personal loan is a huge financial responsibility that lasts an average of two to four years. As such, it’s in your best interest to do your own research when searching for lenders. MoneyGeek’s guide is a good starting point, but our suggestions are often generalizations for the average borrower and may not cover your unique situation.

    Compare different rates and evaluate each lender’s terms and conditions. In addition, find out their loan requirements and check if you’re qualified to apply for a personal loan. By doing all this, you can easily narrow down your options and pick the lender you think is best for your current situation.

  3. 3
    Wait

    After narrowing down your options to a few lenders, it’s essential to wait a day or two before pursuing a loan application. Personal loans are a huge financial responsibility, so you want to avoid making a hasty decision that could put you in a tight financial spot. Spending a few days reflecting on your choice may even change your mind about getting a personal loan. You might even be able to find a funding alternative that allows you to avoid taking out a personal loan.

  4. 4
    Read the Fine Print

    After deciding on a personal loan lender, it’s critical to read the fine print and understand its terms and conditions. Take note of any hidden charges or additional costs on your loan, including origination fees, prepayment penalties and late fees. Additionally, check if your chosen lender offers autopay discounts. Doing this can help you save money in the long run.

  5. 5
    Apply

    Once you’ve gathered all the information you need, it’s time to move forward with your loan application. Prepare the necessary documents typically required by lenders, such as identification, address verification and proof of income. Also, make sure that all your information is thorough and accurate.

    Most lenders give you the option to apply online, but you may choose to visit or call your chosen lender if it’s available.

What to Do if You Can’t Get a Personal Loan in Port St. Lucie

In some cases, personal loan applications can be denied. Some of the most common reasons include a low credit score and insufficient income. If this happens, it’s best to reach out to your lender to find out the exact reason why your loan application was declined. You can also ask if you can modify your application. Lowering the loan amount or shortening the term length may make it more acceptable.

If your lender’s decision is final, you can try looking for a personal loan elsewhere. But before doing this, MoneyGeek recommends focusing on the factor that caused your loan application to be denied in the first place. Improving this area of weakness can help prevent another rejection.

Payday loans may seem like an attractive alternative to personal loans, but it’s best to avoid them due to their exorbitant interest rates and shorter repayment terms.

Frequently Asked Questions About Personal Loans in Port St. Lucie

The best personal loan for you will be based on your specific needs, credit history and employment details. MoneyGeek answered the following frequently asked questions to help you better understand personal loans in Port St. Lucie.

What is the best personal loan lender in Port St. Lucie?

Which lender in Port St. Lucie has the lowest interest rate?

Can I use a personal loan for vacations in Port St. Lucie?

Can I use a personal loan for home improvement in Port St. Lucie?

What can I not use my personal loan for in Port St. Lucie?

How much can I borrow in Port St. Lucie?

How long does it take to get a personal loan in Port St. Lucie?

Can I pay off my loan early in Port St. Lucie?

Our Personal Loan Methodology

METHODOLOGY

Our MoneyGeek team assessed over 30 personal loan lenders using 35+ individual data points across six key categories, including loan affordability, accessibility, customer service, consumer friendliness, lender transparency and flexibility.

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

Additionally, we took into account each lender’s customer support, business ratings and additional features that make your experience more accessible and convenient, such as loan pre-approvals, payment options and mobile apps.

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

About Christopher Boston


Christopher Boston headshot

Christopher (Croix) Boston was the Head of Loans content at MoneyGeek, with over five years of experience researching higher education, mortgage and personal loans.

Boston has a bachelor's degree from the Seattle Pacific University. They pride themselves in using their skills and experience to create quality content that helps people save and spend efficiently.


sources
Shield Insurance

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.