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

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Edited byAshley Jacobs

Updated: December 28, 2023

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

To establish the top personal loans in St. Petersburg, MoneyGeek evaluated several lenders based on over 30 data points, which included interest rates, repayment periods, loan limits and credit score requirements.

We also evaluated criteria like customer service, how quickly funds are dispersed, fees and application processes to determine the ideal lender for different borrower profiles. Although we were able to identify the top lenders for different people, it’s important to remember that our findings are for general consumer profiles. The ideal lender for you might be different from our suggestions.


Best Overall Personal Loan Lender in St. Petersburg: Truist


Best Personal Loan Lender for Bad Credit in St. Petersburg: Upstart


Best Personal Loan Lender for Good Credit in St. Petersburg: SoFi


Best Personal Loan Lender for Debt Consolidation in St. Petersburg: Upgrade


Best Personal Loan Lender for Home Improvement in St. Petersburg: Best Egg


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

Personal loans provide a funding option for various expenses, including emergencies and significant purchases. In Florida, the average personal loan debt across all lenders is $10,400. Most lenders customize an offer for you based on your credit score, debt-to-income ratio and income level.

MoneyGeek recommends the following steps for borrowers wishing to secure the best personal loan in St. Petersburg for their situation.


Ask Yourself the Important Questions

Since a personal loan is a huge financial obligation, it may not be necessary for some situations. You need to be sure you are making the best financial decision before getting one. You can do this by clearly outlining the purpose of the funds, how much you need and whether better alternatives to a personal loan exist.

Generally, you should be able to respond to the following questions beforehand:

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

Do Your Research

When comparing personal loan options from multiple lending companies, it is essential to concentrate on the key details about both the lender and the offer. Such details include the interest rate, penalties, loan amount and repayment period. Remember, repaying the loan will need total dedication since the period may span several years, and choosing the wrong option may cost you a fortune. MoneyGeek reviewed the best personal loans in St. Petersburg to help you get started. However, conducting more research may help identify more suitable options for your needs.



After evaluating all the necessary details about your preferred lender together, you may need to spend a few more days reviewing the lender’s terms and conditions before sharing your application. Thoroughly review your decision based on your financial objectives while ensuring that you have all the information you need to make a selection. Also, consider other funding options that could be a better solution for your funding needs.


Read the Fine Print

Once you settle on a particular lender and determine your ideal loan amount, go through the loan agreement and any other documents received to ensure you are happy with the offer. Take a close look at the interests, application fees and other costs associated with your personal loan. Interest rates and fees vary significantly across lending companies, so you should be sure you have selected the best affordable choice for your needs. In case you have questions about the terms stipulated in the fine print, feel free to contact your lender.



After you have communicated with the lender and confirmed your decision to borrow from them, you can fill out the application form and complete the process. Most lenders have an automated application process completed 100% online. However, some may let you visit one of their St. Petersburg offices in person. Ensure you have the required documents and information for the process. Typically, you will need your personal information, contact details and proof of income.

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

It’s not uncommon for lenders to reject loan applications. Some issues that may cause a rejected personal loan application include a poor credit score, lack of income, failure to meet the income requirements or missing documents and information.

If this happens to you, you should consider talking to the lender about your loan's status and find out exactly why your application was not a success. The lender may allow you to revise your application, although this may not apply if the issue is your credit score or income level.

You can apply with another lender. However, you should fix the issues that originally got your application declined first.

Although payday loans and other short-term loans may be of assistance in the interim, we do not recommend them since they feature short repayment durations and very high interest rates.

Frequently Asked Questions About Personal Loans in St. Petersburg

Personal loan terms in St. Petersburg vary considerably depending on the borrower’s credit score, income and other factors. MoneyGeek answered commonly asked questions about personal loans in the city to guide you through your application journey.

According to MoneyGeek’s findings, Truist is the best personal loan lender in St. Petersburg. That said, the top lender for your needs may vary based on your circumstance. For instance, you may opt for a loan from SoFi if you have a good credit rating or Upstart if you have bad credit. Those who need to consolidate debt or repair their homes may consider Upgrade or Best Egg, respectively.

In St. Petersburg, the lender with the lowest APR is Best Egg.

You can use your personal loan to cover vacation costs in St. Petersburg. However, some lenders may have restrictions on how you spend the money, and you may need to find out from your company before applying.

Yes, you are allowed to use your personal loan for home renovation. Based on our research, Best Egg offers the best personal loans in the city for this purpose.

In St. Petersburg, you may use your personal loan for most expenses. Some lenders, however, restrict you from using the funds on refinancing existing loans, investing in stocks and bonds and funding postsecondary studies. You can ask your lender if there are any restrictions on personal loans before getting one.

Each lender offers a different loan amount in St. Petersburg. Generally, you may receive as little as $1,000 and as much as $100,000. This depends on the lender you choose and how well you meet the requirements.

Some lenders in St. Petersburg disburse funds to borrowers as soon as the loan gets approved, on the same day of application, whereas others may not send the funds for up to a week.

You can make early payments for your loan in St. Petersburg, although some lenders will charge you a penalty for doing this. Ask your lender about prepayment penalties before applying.

Our Personal Loan Methodology


We analyzed over 30 personal loan lenders using more than 35 individual data points across six key categories, including 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.

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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.