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Best Personal Loans in Kentucky

MoneyGeek found that the best personal loans in Kentucky are offered by Truist. With an A+ rating from the BBB and next-day funding, Truist is MoneyGeek’s top pick in the state.

MoneyGeek found that Upstart is best for people with bad credit, and SoFi is ideal for those with good credit. Upgrade is a great option for debt consolidation, while Best Egg is suitable for those planning to improve their homes.

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Last Updated: 11/22/2022
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MoneyGeek’s Pick for Best Personal Loan Lender in Kentucky: Truist

MoneyGeek evaluated several options to find the best personal loans in Kentucky and analyzed more than 30 data points. However, the best options for you can change based on your background and your situation. Our data points evaluated critical aspects about lenders, such as their BBB ratings, charges, penalties, repayment terms, interest rates and eligibility criteria.

We also looked into things like autopay discounts, employment requirements, credit score minimums and more so that you can find the right lender for your unique needs.

Best Overall Personal Loan Lender in Kentucky: 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

    on Truist Website

Best Personal Loan Lender for Bad Credit in Kentucky: 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

    on Upstart Website

Best Personal Loan Lender for Good Credit in Kentucky: 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

    on SoFi Website

Best Personal Loan Lender for Debt Consolidation in Kentucky: 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

    on Upgrade Website

Best Personal Loan Lender for Home Improvement in Kentucky: 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

    on Best Egg Website

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

Although personal loans are a fairly easy way to get quick funds, you’ll still be liable to make timely payments towards your loan. When you decide to take out a personal loan, it’s very important to have a clear plan to pay it off. Follow these steps as you go through the process of considering taking out a personal loan.


Ask Yourself the Important Questions

There are several things you must consider before you apply for a personal loan. Some of the questions that you can ask yourself at this stage are:

  • How much funding do you need? - Having a clear understanding of your funding needs can ensure you get a loan for the right amount of money. This can save you interest costs in the long run.
  • What is your credit score? - Knowing your credit score can help you apply for a loan with a company that will approve your application based on your score.
  • Can you afford the monthly payment? - You don’t want to take out a loan you cannot afford, so make sure you understand your budget and how much you can pay each month.
  • How much debt do you already have? - Analyze if adding to your debt burden makes sense for your financial health.

Do Your Research

Although MoneyGeek performed exhaustive research to find the best lenders for various circumstances, you can do your own research to see which company provides what you need. Ideally, you should check rates and offers from at least three lenders before making a decision. Keep in mind, you’ll have to make monthly payments for anywhere between two to four years to repay the loan, and many lenders perform a hard credit check that may impact your score.



Once you are satisfied with your research and are certain about the lender that has the best offer based on your requirements, it pays to take a couple of days before applying. This is because taking out a loan is a significant commitment and you must be absolutely sure that a personal loan will serve your needs. It’s a good idea to mull over your decision before you apply and make sure there isn’t another option that might serve you better.


Read the Fine Print

Sometimes, you might miss the fine print of the terms and conditions that lenders provide. Be sure to check all the important points, especially the rates and fees like prepayment penalties, interest rates and origination fees, that the lender charges. Make sure you understand them and decide if you’re okay with them. Sometimes, your lender may charge a fee when you’re paying off your loan early. Although these fees and interest rates may seem insignificant, going through them diligently and understanding them may help you save money throughout your loan term.



Once you’ve performed your due diligence about the lender and are sure about proceeding with your application, the lender may ask you to provide personal details and documents such as proof of identification. Most lenders will also ask for proof of income after you apply. Although many lenders do have online applications through their website or mobile app, you might be able to visit their offices to apply in person or call them on their customer care number for additional assistance.

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

Keep in mind that even after performing all your due diligence and getting the necessary information about the lender, your application may get rejected. If this happens, it is best to approach the lender to understand the reasons for your rejection. You can ask the lender through emails, contact their customer service or even meet one of their representatives in person to understand their denial reasons.

Lenders consider several factors, such as your credit score, income, debt-to-income ratio and even your personal details. See if you provided all the information correctly. If you have, you can ask if you can modify your application so that it gets approved. One example could be increasing your monthly payment to reduce your loan term. If these options do not work out, you can approach other lenders to check your chances of getting a loan once you’ve improved on the aspect that led to the earlier rejection.

Although payday loans may seem like a quick and viable option, the interest rates and terms are highly restrictive. Plus, many of these loans can have hidden clauses that may lead to unforeseen expenses that will put a heavy burden on your planned expenses. Try to avoid them if possible.

Frequently Asked Questions About Personal Loans in Kentucky

Make sure that you are familiar with all the terms of a loan before applying for a personal loan in Kentucky. You can also review some of the most frequently asked questions to learn more about how personal loans work in the state.

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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.

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.