Best Personal Loans in Olathe, KS: Top Lenders & Best Picks for You
Updated: December 28, 2023
Advertising & Editorial Disclosure
- The Best Overall Personal Loan Lender in Olathe
- The Best Personal Loan Lender for Bad Credit in Olathe
- The Best Personal Loan Lender for Good Credit in Olathe
- The Best Personal Loan Lender for Debt Consolidation in Olathe
- The Best Personal Loan Lender for Home Improvements in Olathe
- How to Choose the Right Personal Loan Lender for You
- Frequently Asked Questions About Personal Loans in Olathe
MoneyGeek's Picks for Best Personal Loan Lenders in Olathe, KS
MoneyGeek evaluates over 30 data points to find the best personal loan lenders in Olathe. The most important categories for borrowers, no matter why they want a loan, get the most weight.
If you want an affordable personal loan in Olathe, Kansas, the best you can find is LightStream. Lenders like Upgrade, Best Egg, Upstart, and SoFi are also worth considering.
Best Overall Personal Loan Lender in Olathe: LightStream
Best Personal Loan Lender for Bad Credit in Olathe: Upstart
Best Personal Loan Lender for Good Credit in Olathe: SoFi
Best Personal Loan Lender for Debt Consolidation in Olathe: Upgrade
Best Personal Loan Lender for Home Improvement in Olathe: Best Egg
Where to Start: How to Choose the Best Personal Loan Lender in Olathe for You
Personal loans in Olathe average $18,093, and they're used for a ton of reasons. Here, MoneyGeek walks you through the steps for how to get a personal loan.
Ask Yourself the Important Questions
It can be helpful to weigh the pros and cons of taking out a personal loan. Ask yourself:
- How much funding do I need? It's generally best to only borrow what you need to avoid unnecessary debt, even if offered more.
- What is my credit score? Credit score requirements may prevent you from being approved by some lenders.
- Can I afford the monthly payment? Estimate the monthly payments to see if you can safely fit them into your budget.
- How much debt do I already have? Adding more to what you currently have may put you in excessive debt that might be hard to recover from.
Do Your Research
The first loan you see may not be the best personal loan for you. Comparing personal loan offers from different lenders can save you a lot. MoneyGeek’s review of the top lenders in Olathe considers the average borrower’s needs. But, you may break that mold.
Wait
Before signing anything, wait a day or two to be sure you need and want this loan.
Read the Fine Print
The fine print indicates all the charges and fees you can expect from the loan. If something is unclear, ask questions.
Apply
Once you've chosen a lender, gather items like identification and proof of income.
What to Do if You Can’t Get a Personal Loan in Olathe
Personal loan lenders check an applicant's creditworthiness before approving an application. Factors like a borrower’s preferred terms, credit score, income and debts matter.
Many online lenders let you check possible rates before taking any risks. This means they conduct a soft credit pull, which doesn't hurt your score. Then, you can make adjustments until you're happy with the offer.
If you have a hard credit pull and your loan is rejected, ask why. Knowing why could let you negotiate or give you an idea of what to improve for future applications.
A personal loan may be a good option during hardships, as rates are generally lower than credit cards. If a personal loan isn't an option, other solutions like credit cards and home equity exist.
But, there are loans to avoid. The most notorious may be payday loans, which have unreasonable interest rates.
Frequently Asked Questions About Personal Loans in Olathe
MoneyGeek answers the most frequently asked questions about personal loans in Olathe.
Based on MoneyGeek’s review, LightStream personal loans are the best in Olathe, Kansas. Other lenders may be better if you have good credit (SoFi), bad credit (Upstart), plan to consolidate debts (Upgrade) or will renovate your home (Best Egg).
Upstart offers the lowest minimum APR to borrowers in Olathe.
Funding a vacation is often an acceptable reason for taking out a personal loan. But, some lenders may have funding restrictions, so be sure to ask before you apply.
Yes. Home improvements can cost a lot, and personal loans are often one of the best solutions. In Olathe, Best Egg provides the best home improvement loan rates.
Most lenders don't let borrowers use funds for investments, education or illegal activities.
In Olathe, loan amounts can range from $1,000 to $100,000, depending on the lender. How much you could borrow largely depends on your creditworthiness.
Loan approval can be instant or take a week or two. Once approval has happened, you could have money in your virtual pocket within hours or a few days.
Borrowers can repay their loans early, but some lenders may charge prepayment penalties.
Our Personal Loan Methodology
To find the best personal loan lenders in Olathe, MoneyGeek considered over 30 factors in six categories. These included affordability, accessibility, consumer friendliness, customer service, flexibility and lender transparency. Variables like APRs, loan amounts, disbursement times and application costs were specifically reviewed.
Our selections keep you in mind so we can help you find the best personal loan for your needs.
sources
- Best Egg. "Best Egg Personal Loans." Accessed November 9, 2022.
- LightStream. "LightStream Personal Loans." Accessed November 9, 2022.
- SoFi. "SoFi Personal Loans." Accessed November 9, 2022.
- Upstart. "Upstart Personal Loans." Accessed November 9, 2022.
- Upgrade. "Upgrade Personal Loans." Accessed November 9, 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.