Best Personal Loans in Naperville, IL: Top Lenders & Best Picks for You

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Edited byScott Strandberg
Edited byScott Strandberg

Updated: December 28, 2023

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MoneyGeek's Picks for Best Personal Loan Lenders in Naperville, IL

MoneyGeek used more than 35 different data points to pick the best personal loan company in Naperville. APR ranges, fees, loan duration, credit and income requirements, loan accessibility and Better Business Bureau (BBB) ratings are a few of those factors examined.

The ideal lender for each borrower may differ since each individual has different financial needs and credit profiles. Using these varied factors, MoneyGeek assessed which Naperville loan lenders were the best for borrowers with good credit, bad credit and those who needed loans for debt consolidation and home repair.

Best Overall Personal Loan Lender in Naperville: LightStream


Best Personal Loan Lender for Bad Credit in Naperville: Upstart


Best Personal Loan Lender for Good Credit in Naperville: SoFi


Best Personal Loan Lender for Debt Consolidation in Naperville: Upgrade


Best Personal Loan Lender for Home Improvement in Naperville: Best Egg


Where to Start: How to Choose the Best Personal Loan Lender in Naperville for You

People seek out personal loans to cover significant expenses, such as debt consolidation, medical bills, home improvement, moving and higher education. Lenders use a number of criteria to decide if you qualify for a loan, including your income, credit history, credit score and debt-to-income ratio. The average borrower in Illinois has $22,553 in personal loan debt and an interest rate of 9.31%.

The steps listed below by MoneyGeek can help you choose the best personal loan lender in Naperville.

Ask Yourself the Important Questions

Before you settle on a lender, you should give some thought to the following questions:

  • 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

Remember that a personal loan has interest and sometimes additional fees, so you will end up repaying a significant amount of money for a specific term. As a result, you should research various loan companies to find the one that best fits your requirements. You should still do your own research to make sure the loan and lender are a good fit for you, as MoneyGeek's recommendations are only general advice.


It's a good idea to allow yourself some time to collect your thoughts after selecting a lender. Instead of accepting a loan offer immediately, take a day or two to carefully consider your alternatives before signing.

Read the Fine Print

Before agreeing to a loan with a lender, understand the costs, interest rates, fees and any penalties that may be applicable. The smallest of details may be easily overlooked, which can lead to costly repercussions later on. To avoid being surprised by any future hidden expenses or fees, it is crucial to thoroughly review the loan's terms and conditions, which are available in its fine print.


The lender will need to verify your identity, address and income. They will ask you to furnish proof of these details to verify your eligibility and process your application. Applications are often accepted in person or online.

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

Low credit ratings, inadequate income, a high debt-to-income ratio and a lack of supporting documentation are just some of the reasons a lender can use to reject a loan application.

You shouldn't let a rejection letter kill your spirit. It’s best to contact your lender to know the reason for your rejection. To be approved, your lender may recommend a shorter loan term or a lesser loan amount. If you are uncertain about your loan eligibility, you may apply with a cosigner or use collateral as security.

Avoid taking out a payday loan at all costs if possible. These loans often have extremely high interest rates and short repayment terms. Repayment of a payday loan has no impact on a borrower's credit rating, but your credit score could suffer significantly if you fail to pay it back in time.

Frequently Asked Questions About Personal Loans in Naperville

Finding a suitable lender may become less of a challenge if you assess your credit history, income, existing debts, loan amount needed and the purpose of the loan before starting your search. If you want to learn about personal loans in Naperville quickly, you can start by perusing MoneyGeek's answers to the following questions.

What is the best personal loan lender in Naperville?
Which lender in Naperville has the lowest interest rate?
Can I use a personal loan for vacations in Naperville?
Can I use a personal loan for home improvement in Naperville?
What can I not use my personal loan for in Naperville?
How much can I borrow in Naperville?
How long does it take to get a personal loan in Naperville?
Can I pay off my loan early in Naperville?

Our Personal Loan Methodology

We analyzed more than 30 personal loan lenders using 35 data points across six primary categories: affordability, loan accessibility, user friendliness, customer service, lender transparency and flexibility.

We looked at a wide range of information we deemed most important when selecting the best personal loan provider in each category. The variables considered include APR ranges, loan amounts, credit score requirements, minimum income, fees, disbursement times and more.

MoneyGeek places a high value on its customers, so we also take into account extra variables like the lenders' customer service reputations, their business history and any extra features that could improve customer experiences, like their prequalification benchmarks, payment options and mobile apps.

Our judgments are based on thorough research and analysis, and we always have your best interests in mind. Our professional advice and list of recommended lenders are only given to help you choose the best option for your individual situation.

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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.