Best Personal Loans in Augusta, GA: Top Lenders & Best Picks for You

According to MoneyGeek, Truist is the best personal loan lender in Augusta. Truist, which was formed in 2019 from the merger of BB&T and SunTrust, provides loans with minimal fees and no origination or early payment fees.

Its varied loan amounts, ranging from $3,500 to $50,000, make it a suitable option for borrowers seeking a small to moderately sized loan. The lender’s numerous repayment term options from six to 60 months allow borrowers to choose a repayment plan that best fits their financial situation.

One of the most notable features of Truist personal loans are their low APRs. Borrowers can obtain a personal loan with an interest rate that is based on their credit score.

While no minimum credit score requirement is explicitly listed on the lender’s website, only those with excellent credit are likely to qualify for a personal loan. Truist also completes hard credit checks without allowing applicants to preview their rates prior to submitting an application.

MoneyGeek chose Upstart as the best personal loan lender in Augusta for borrowers with bad credit. In order to determine if a borrower is qualified for a personal loan, Upstart used artificial intelligence (AI). This allows the lender to evaluate borrowers for other factors besides their credit score, like employment and education history.

With an Upstart personal loan, borrowers can obtain $1,000 to $50,000. Though the lender’s starting APR is low, only those with the highest credit scores are likely to receive it. Furthermore, the lender only offers two repayment options, 36 or 60 months.

The lender also imposes fees for late payment and loan origination. While this lender does not have strict credit score criteria, it does look at borrowers’ employment and income status. Borrowers with low-income limits can explore alternative lenders that may be a better fit.

According to MoneyGeek, SoFi is the best personal loan provider in Augusta for borrowers with good credit. It was established in 2011 as a student debt refinancing firm and began providing personal loans in 2015. Borrowers may want to consider SoFi because it offers mortgages, credit cards, auto refinancing and other products to those with good credit scores.

Those with a credit score of at least 680 are eligible for its loan products, which vary in amount from $5,000 to $100,000. Though the lender’s APR range is relatively low in comparison to others, only borrowers with excellent credit will qualify for its starting APR. Those who simply meet the minimum credit score requirement may receive a rate closer to its maximum APR.

In addition, SoFi doesn’t charge origination fees or prepayment penalties for early loan repayment. Through its unemployment protection program, it also allows borrowers to temporarily pause or adjust payments if they lose their job.

Upgrade is MoneyGeek's top pick for the best personal loans in Augusta for debt consolidation. It was established in 2017 and has its headquarters in San Francisco, California. Over the past five years, this lender has made more than $19 billion in credit available to its customers. In addition to personal loans, Upgrade provides services such as credit cards, savings accounts, credit health checks and rewards checking.

To save you time and stress, the lender directly pays third-party creditors. During rate inquiries, Upgrade completes a soft credit check that won’t impact your credit score. After you receive and agree to the terms of your loan, it will complete a hard credit check.

Its variable loan amounts, from $1,000 up to $50,000, make it ideal for both minor home improvements and major renovations. Funds are released within one working day, which is ideal if you intend to use the loan to cover an emergency household repair.

However, Upgrade charges origination and late fees and there is a high APR on personal loans. Other lenders may offer borrowers with high credit scores more competitive interest rates with better loan terms.

MoneyGeek found that Best Egg offers the best personal loans in Augusta for home improvements. Personal loans from Best Egg range between $2,000 and $50,000.

Best Egg initially completes a soft credit check that won’t impact your credit score. However, once your loan has been approved, the lender will complete a hard credit check that may negatively impact it.

In addition, the lender’s high minimum credit score requirement of 700 and maximum APR may make it difficult for borrowers to qualify for a low interest rate. Because of this, those with low-income limits or poor credit scores may find other lenders that are more suitable for their needs.