What is the best personal loan lender in Georgia?

Truist is the best overall lender for personal loans in Georgia. Truist offers low interest rates and flexible loan limits and repayment periods. If you have bad credit, Upstart is the best option for you, while Upgrade is best if you want a personal loan to consolidate debt. SoFi is the best lender if you have good credit, while Best Egg is the best option for home improvement loans.

Which lender in Georgia has the lowest interest rate?

With a starting APR range of just 3.22%, Upstart is Georgia's personal loan lender with the lowest interest rate.

Can I use a personal loan for vacations in Georgia?

You can use a personal loan for vacations in Georgia. Lenders will typically stipulate if they have any restrictions on usage of funds when you apply for a personal loan, so always check with your particular lender what their exceptions are.

Can I use a personal loan for home improvement in Georgia?

Yes, you can use a personal loan for home improvement in Georgia. Best Egg is ideal for those who want a home improvement loan in the state. It offers both secured and unsecured personal loans that can be used for home improvement.

What can I not use my personal loan for in Georgia?

You cannot use a personal loan in Florida for illegal activities, gambling, investments or in some cases financing college education. Each lender may have different restrictions on the usage of funds, so it is important to check what limitations a particular lender has before applying.

How much can I borrow in Georgia?

Personal loan limits in Georgia vary from $1,000 to $100,000. However, the amount you can borrow will depend on your profile and the lender you choose. Lenders assess your creditworthiness when determining how much you qualify for, and some lenders have pre-set minimum and maximum loan limits.

How long does it take to get a personal loan in Georgia?

You can get a personal loan in Georgia on the same day. Most lenders process loan applications in one to four days but in some cases, it may take up to seven days for funds to be disbursed. Check with your particular lender about how long their disbursement period is.

Can I pay off my loan early in Georgia?

Yes, most lenders in Georgia accept early payment for personal loans without charging extra fees. However, some lenders may charge an early payment fee, so always read the fine print to verify whether your loan will attract prepayment fees.

Top Lenders & Best Picks for You

Best Personal Loans in Georgia

Truist offers the best personal loans in Georgia. Truist personal loans feature competitive rates, quick funding and no origination fees.

MoneyGeek found that the best lender may also vary depending on your profile. Upstart is the best lender if you have bad credit, while SoFi is the best option if you have good credit. Best Egg offers the best home improvement loans, while Upgrade is best for debt consolidation loans.

WHAT WE’RE GEEKING OUT ON

The Best Overall Personal Loan Lender in Georgia
The Best Personal Loan Lender for Bad Credit in Georgia
The Best Personal Loan Lender for Good Credit in Georgia
The Best Personal Loan Lender for Debt Consolidation in Georgia
The Best Personal Loan Lender for Home Improvements in Georgia
How to Choose the Right Personal Loan for You
Frequently Asked Questions About Personal Loans in Georgia

MoneyGeek’s Pick for Best Personal Loan Lender in Georgia: Truist

MoneyGeek used 30 different rating factors to find the best personal loans in Georgia for different profiles and needs. Our analysis included comparing loan limits offered by different lenders, fees, minimum requirements to qualify and interest rates.

MoneyGeek also analyzed factors such as average disbursement periods, restrictions on usage of funds and BBB ratings. We even evaluated user experience by comparing the availability of online application options, mobile apps and other convenient features.

Best Overall Personal Loan Lender in Georgia: 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 the best overall lender for personal loans in Georgia. Truist is available in 15 states, including Georgia, and was founded following the merger between BB&T and SunTrust in 2019.
Truist is low on fees, and borrowers will not incur origination fees or early payment fees. Compared to other lenders in Georgia, Truist also has a relatively high APR rate starting from 8.14%. This lender offers loans with limits ranging from $3,500 to $50,000 and flexible payment terms of six months to five years.
Truist requires no minimum credit score from their borrowers, There is also no set gross income required to qualify for a personal loan. Since your funds can be disbursed the next day, Truist is a good option when you need an emergency loan. However, this lender conducts hard credit checks, and you cannot check rates or loan limits before submitting an application.
Pros
A+ BBB rating
No prepayment fees
Quick disbursement of funds within a day
0.5% autopay discount

Cons
Hard credit checks
Relative high APR starting from 8.14%
No option to qualify or pre-check rates
Limited fund usage
APR range: 8.14%–18.99%
Minimum/maximum loan amount: $3,500 - $50,000
Minimum credit requirements: None
Repayment terms: 6–60 months
Time to receive funds: Next day

Best Personal Loan Lender for Bad Credit in Georgia: 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
Getting a personal loan in Georgia with a bad credit score can be difficult, but Upstart allows borrowers with a minimum credit score of 300 to apply for loans.
Upstart was founded in 2012 and is available in 48 states, including Georgia. It is ideal for borrowers with bad credit who want a lender with flexible payment terms since it has an option to modify your payment dates based on your needs. You can also qualify for a loan even without a lengthy credit history since Upstart is one of few lenders that use artificial intelligence to qualify borrowers.
Upstart has a prequalification option so that you can check rates and limits without impacting your credit score. Upstart loans have an APR of 3.22% to 35.99% depending on your creditworthiness. However, you only have two options when it comes to loan terms: three or five years.
This lender has a convenient online application process, but you may be charged origination fees of up to 8% depending on your creditworthiness.
Pros
A+ BBB rating
Minimum credit score requirement of 300
No fees charged for early payment
Flexible payment terms
Soft credit inquiry

Cons
No co-signers
$15 late fee
APR range: 3.22%–35.99%
Minimum/maximum loan amount: $1,000–$50,000
Minimum credit requirements: 300
Repayment terms: 36–60 months
Time to receive funds: Next day

Best Personal Loan Lender for Good Credit in Georgia: 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
If you have a good credit score, MoneyGeek found that SoFi is the best lender for personal loans in Georgia. SoFi was founded in 2011 and is available in 49 states, including Georgia.
SoFi is a good option if you want a high loan limit since it offers loans of up to $100,000 at an APR of 5.74% to 20.28%. This lender is low on fees and does not charge origination, early payment or late fees. You may also qualify for a discount if you set up automatic payments.
SoFi has an online application process that is easy to use, but there is no prequalification option. Plus, this lender conducts hard credit checks, which may impact your credit score.
For borrowers in Georgia looking for small loan amounts, SoFi may not be ideal since they do not offer loans of less than $5,000. They also require a relatively high credit score of at least 680 for borrowers to qualify.
Pros
A+ BBB rating
No penalties for early payment
High loan limits
No late fees
Discounts for autopay

Cons
Disbursement period of up to seven days
Requires a minimum gross income of $50,000
Minimum loan limit of $5,000
APR range: 5.74%–20.28%
Minimum/maximum loan amount: $5,000 - $100,000
Minimum credit requirements: 680
Repayment terms: 12–60 months
Time to receive funds: Two days

Best Personal Loan Lender for Debt Consolidation in Georgia: 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
Upgrade is the best lender for personal loans in Georgia if you want to consolidate your debts. This lender is available in 50 states, including Georgia.
If you want a personal loan for debt consolidation, Upgrade has an option to have your funds paid directly to creditors. Upgrade has flexible loan limits ranging from $1,000 to $50,000, and repayment periods range from three to five years.
It only takes one to four days for your loan to be disbursed, so this lender is a good option if you need funds quickly. However, you will be charged for origination and late payments.
Upgrade does not have a minimum gross income requirement for borrowers to qualify for personal loans, but you need to be employed and have a minimum credit score of 560.
Pros
A+ BBB rating
Quick loan disbursement
No early payment fees
Pre-qualification available with soft credit inquiry
No minimum gross income requirement

Cons
Charges origination fees
High APR starting from 5.94%
Limits on fund usage
APR range: 5.94%–35.47%
Minimum/maximum loan amount: $1,000 - $50,000
Minimum credit requirements: 560
Repayment terms: 36-60 months
Time to receive funds: Same day

Best Personal Loan Lender for Home Improvement in Georgia: 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
Best Egg is the best lender in Georgia if you want a home improvement loan. Best Egg offers flexible loan limits of up to $50,000. You can apply for either a secured or unsecured personal loan from Best Egg, but you need to be a homeowner to qualify for a secured loan.
The minimum credit limit requirement for a Best Egg personal loan is 700. You can see if you prequalify for a personal loan without impacting your credit score since this lender conducts soft credit checks. The minimum gross income requirement to get a loan from Best Egg is at least $50,000. Interest rates range from 4.99% to 35.99%.
Best Egg was founded in 2014 and is available in 47 states, including Georgia.
Pros
A+ BBB rating
Quick disbursement of funds
No fees for early payment
Auto payment discount
Pre-qualification available with soft credit inquiry

Cons
Charges origination fees
Charges late fees
No co-signers
APR range: 4.99% - 35.99%
Minimum/maximum loan amount: $2,000 - $50,000
Minimum credit requirements: 700
Repayment terms: 36–60 months
Time to receive funds: Next day

How to Choose the Best Personal Loan Lender in Georgia for You

The average personal loan debt in Georgia is $17,869, but lenders will evaluate how much you qualify for based on your credit score, gross income and factors such as your debt to income ratio. Before you apply for personal loans in Georgia, it is important to compare lenders. You may need a personal loan for emergency expenses, home improvement, debt consolidation or other needs and the best lender for you will ultimately depend on what your specific needs are.

To find the best lender for your profile, MoneyGeek recommends following these steps.

Ask Yourself the Important Questions

It’s important to make sure you really evaluate your loan needs before applying. Take the time to ask yourself the following questions:

How much funding do you need? The amount you need will determine a variety of factors, including the repayment period and how long it takes for your loan to be funded.
What is your credit score? Most lenders have set credit score requirements, so it is important to know what your credit score is beforehand to know which lenders are likely to approve you.
Can you afford the monthly payment? Personal loans are long-term commitments that require monthly payments. Ensure that you can afford the monthly payments before you apply for a loan since defaulting can cause you to incur high interest charges and penalties.
How much debt do you already have? Loan repayments will eat into your income, so it is important to make sure that your debt to income ratio is not too high before considering a personal loan.

Do Your Research

A personal loan will require a long-term commitment over the period of the loan and may even impact your credit score due to hard credit checks by lenders. This means it is important to do your own research on rates, fees and other charges that you will incur. Always compare rates and terms from different lenders before applying for a loan since the best lender for you will depend on your particular profile. You can also use MoneyGeek’s recommendations as a guide depending on your needs.

Wait

It is not uncommon to have buyer’s remorse after getting a personal loan. You can avoid this by waiting a day or two before submitting an application. Since you will be committing to monthly payments for two or more years, making sure that you are making the right decision is important. Weigh all your options and decide whether a personal loan is a good financial decision for you or if another option could be better.

Read the Fine Print

Always ensure that you understand all the applicable fees, rates and penalties before signing up for a personal loan. Late payment charges and other fees can build up over time, making your personal loan even more costly than you thought. Read through the fine print and ask the lender for clarification on rates and fees that are not clear. This will ensure that there are no hidden charges that you are unaware of when signing up.

Apply

If you are confident that you have found the right lender, apply for your personal loan. You will be required to provide identification, address and other information and documents like proof of income. Some lenders may require you to call or visit in person, while others offer an online application process. You can choose to consult the lender in person to learn more about their personal loans and get recommendations based on your profile and needs.

What to Do if You Can’t Get a Personal Loan in Georgia

Your personal loan application may be declined in some cases due to not meeting the minimum requirements, like the credit score limit or the minimum gross income. This should not discourage you since you may still qualify for a personal loan with another lender or at a lower limit. It is important to find out the exact reason why your loan was declined since this will let you know what you need to do next.

Working to improve your creditworthiness over time will ensure that you qualify for a loan in the future. It may also help you get better interest rates.

While payday loans may seem like a good option when you have been declined, they typically attract exorbitant interest rates and offer limited repayment options. As a result, it is best to avoid them.

Frequently Asked Questions About Personal Loans in Georgia

The best personal loans in Georgia for you will depend on a variety of factors and your needs. You can learn more about finding the best lender in the answers to frequently asked questions below.

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 decided and chosen 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.

sources

Best Egg. "Personal Loans." Accessed March 8, 2022.
SoFi. "Compare Rates and Terms." Accessed March 8, 2022.
Truist. "Personal Loans." Accessed March 8, 2022.
Upgrade. "Personal loans." Accessed March 8, 2022.
Upstart. "Personal Loans." Accessed March 8, 2022.

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.