Updated: December 28, 2023
Advertising & Editorial Disclosure
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.
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
Cons
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
Cons
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
Cons
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
Cons
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
Cons
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.
Before completing a personal loan application, ask yourself the following questions to determine if you’re making the right financial decision:
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.
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.
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.
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.
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.
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.
Truist is MoneyGeek’s pick for the best personal loan in Port St. Lucie. However, a different lender may be better based on your borrower profile.
Best Egg offers the lowest interest for personal loans in Port St. Lucie.
Yes, you can use your personal loan in Port St. Lucie to pay for your vacation or travel expenses. However, you should check with your lender about any fund usage restrictions they may impose.
Yes, personal loans can also be used to finance home improvements. MoneyGeek found that Best Egg offers the best personal loan for this purpose in Port St. Lucie. But you should ask your lender if they have any restrictions on fund usage.
Some loan lenders in Port St. Lucie will restrict you from using their funds for investments, postsecondary education, gambling or illegal activities. Ask your lender for more details.
Personal loans in Port St. Lucie range from $1,000 to $100,000. However, the maximum loan amount you can get will depend on your chosen lender.
How fast you’ll receive your funds will also depend on your lender. Some disburse their funds on the same day; others take up to two days.
Yes, you can pay off your personal loan early. Check with your lender if it charges a prepayment penalty or not.
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.
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.
