Best Personal Loans in Overland Park, KS: Top Lenders & Best Picks for You
Updated: December 28, 2023
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- The Best Overall Personal Loan Lender in Overland Park
- The Best Personal Loan Lender for Bad Credit in Overland Park
- The Best Personal Loan Lender for Good Credit in Overland Park
- The Best Personal Loan Lender for Debt Consolidation in Overland Park
- The Best Personal Loan Lender for Home Improvements in Overland Park
- How to Choose the Right Personal Loan Lender for You
- Frequently Asked Questions About Personal Loans in Overland Park
MoneyGeek's Picks for Best Personal Loan Lenders in Overland Park, KS
When trying to find a personal loan lender in Overland Park, it can be hard to figure out which is the best. There are many different lenders, each with pros and cons. To help you narrow down your options, MoneyGeek created a list of recommendations.
We looked at more than 30 data points for each company to find the best lenders. We considered APRs, loan amounts, fees and other charges, repayment windows and more.
Our analysis found LightStream is the best personal loan in Overland Park. However, some borrowers may consider Upstart, SoFi, Upgrade and Best Egg to be better.
Best Overall Personal Loan Lender in Overland Park: LightStream
Best Personal Loan Lender for Bad Credit in Overland Park: Upstart
Best Personal Loan Lender for Good Credit in Overland Park: SoFi
Best Personal Loan Lender for Debt Consolidation in Overland Park: Upgrade
Best Personal Loan Lender for Home Improvement in Overland Park: Best Egg
Where to Start: How to Choose the Best Personal Loan Lender in Overland Park for You
Kansas residents have an average credit score of 726 and a personal loan debt of around $18,093. If you plan to apply for a personal loan in Overland Park, you might need to follow these steps to get the best deal:
Ask Yourself the Important Questions
If you want a personal loan in Overland Park, you should know some things before you begin the process.
- How much funding do I need? Determine how much money you need for your expense and plan to only borrow that amount.
- What is my credit score? Your credit score is important for determining whether you'll get approved. In most cases, having a high credit score might make applying easier.
- Can I afford the monthly payment? Make sure your monthly payment is within your budget.
- How much debt do I already have? If you have a lot of debt, you may have a harder time getting a personal loan — even if you plan to use it for consolidation.
Do Your Research
It may be tempting to go with the first company that offers you a loan, but this isn't the time to rush into anything.
One of the best places to start exploring your options is MoneyGeek. Our goal is to provide relevant information about different lenders you can consider. But our recommendations may not fit everyone’s circumstances. We encourage people to shop around.
Wait
Applying for a personal loan is a major decision. It’s worth taking a day or two to ensure you’re prepared.
Read the Fine Print
Because lenders tend to advertise only their best options, it can be hard to get a full picture of what they offer. Before choosing a lender, take the time to look into lesser-known details. Doing a little digging can help your chances of finding the right personal loan in Overland Park.
Fees associated with personal loans, like prepayment, origination and late fees, add up. That’s why it’s important to look at all the fine print before signing on the dotted line.
Apply
Get your identification, address verification and proof of income ready. Then, start the paperwork. If you prefer to work with a lender who allows you to apply online, that's fine. But if you'd rather speak to someone, that's often an option.
By calling or visiting, you can go over options with a professional who can walk you through the process. They can answer questions you may have about the loan.
What to Do if You Can’t Get a Personal Loan in Overland Park
Applying for a loan can be nerve-wracking, especially since applications can be denied. If you find yourself in this situation, don't panic. It happens for various reasons, many of which are fixable with time and effort. This could include a low credit score or income.
Call or email your lender to find out why they rejected your application. It may be wise to ask if you can change your application to qualify without re-applying. Lengthening the term or lowering the amount you want may make the lender reconsider.
If you're in a pinch, you can try applying somewhere else. However, improving whatever caused the denial can give you a better chance at approval.
Avoid getting a payday loan because this type of loan can come with an expensive price tag.
Frequently Asked Questions About Personal Loans in Overland Park
Getting a personal loan in Overland Park requires you to assess your needs and situation. MoneyGeek answers some frequently asked questions to help you make an informed decision.
Overall, MoneyGeek recommends LightStream as an excellent lender for many Overland Park borrowers. But another lender, such as Upstart, SoFi, Upgrade or Best Egg, may better serve your needs.
Upstart offers the lowest annual interest rates for personal loans in Overland Park.
Some personal loans can finance vacations, but you should check with your lender to make sure.
You may be able to use a personal loan to pay for home improvements. MoneyGeek recommends checking out Best Egg for most Overland Park borrowers.
Your lender may have specific rules about how you can use your loan. For instance, some lenders don't allow loans to be used for postsecondary education. Make sure you find out more about their policies.
Some lenders offer up to $100,000, but the amount you can borrow depends on your lender’s assessment of your application.
Lenders' policies vary, but many can fund loans within the same day or the next.
You can pay off your Overland Park personal loan before the due date. But check with your lender about prepayment fees.
Our Personal Loan Methodology
MoneyGeek considered more than 30 individual factors across six categories. These included affordability, accessibility, consumer friendliness, service, flexibility and lender transparency.
We looked at several data points within each category. These include APR ranges, minimum income amounts, application fees and disbursement timeframes.
We also considered each lender's customer support team and business reputation.
Ultimately, we hand-picked lenders we thought would suit most people's needs. These recommendations intend to help you make an informed decision.
sources
- Best Egg. "Frequently Asked Questions." Accessed November 9, 2022.
- Best Egg. "Personal Loans." Accessed November 9, 2022.
- Better Business Bureau. "Upgrade." Accessed November 9, 2022.
- LightStream. "Frequently Asked Questions." Accessed November 9, 2022.
- SoFi. "Personal Loans." Accessed November 9, 2022.
- SoFi. "Eligibility Criteria." Accessed November 9, 2022.
- Upgrade. "Personal Loans." Accessed November 9, 2022.
- Upgrade. "What Are the Different Uses for a Personal Loan?." Accessed November 9, 2022.
- Upstart. "Personal Loans." Accessed November 9, 2022.
- Upstart. "Acceptable Use Policy." 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
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