MoneyGeek's Picks for Best Personal Loan Lenders in Lexington, KY

MoneyGeek analyzed the APR ranges, loan amount, credit score requirements, fund disbursement time, repayment terms and various important factors of different lenders to help you find the one offering the best personal loans in Lexington.

Based on our analysis, Truist is overall the best personal loan lender in the city. We found SoFi and Upstart to be ideal options for borrowers with good and bad credit histories, respectively. If you want a loan for debt consolidation or home improvement, Upgrade and Best Egg are the most suitable options, in that order.

Best Overall Personal Loan Lender in Lexington: 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


Best Personal Loan Lender for Bad Credit in Lexington: 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


Best Personal Loan Lender for Good Credit in Lexington: 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


Best Personal Loan Lender for Debt Consolidation in Lexington: 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


Best Personal Loan Lender for Home Improvement in Lexington: 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

    Best Egg

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

Although getting a personal loan can help you cover various expenses like home renovation, a vacation, medical costs and relocation, consider your current income, previous debts, credit score and overall financial needs before applying. In Kentucky, the average personal loan debt is $18,887.

MoneyGeek recommends taking the following steps to choose the best lender when applying for a loan.


Ask Yourself the Important Questions

Before looking for the right lender, evaluate your financial situation and needs to determine which lender will suit you best. Since every lender has different requirements for loan approval, you must assess factors like your credit score and previous debts to understand whether you’ll qualify for a loan.

You can start by asking yourself the following important 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

Once you understand your situation and funding requirements, you can start researching lenders. This step is essential because a loan is a long-term commitment. Also, avoid getting a quote from every lender, which can hurt your credit score. Although you can read MoneyGeek’s guide on personal loans, you should still do your research, as our recommendations might not suit you based on your situation.



After you select a lender, wait a few days before applying. Take time to consider your choice and whether getting a loan is essential based on your situation. Since a loan is a significant commitment, make sure there are no better options for meeting your financial needs.


Read the Fine Print

If you’re sure getting a loan is the best option based on your situation, read the loan agreement carefully. MoneyGeek recommends going through the fine print and identifying any origination, late payment and prepayment fees the lender charges.



After going through the fine print, you’ll be ready to apply for a loan. At this stage, the lender might ask you for identification documents, address and income details. Most lenders allow you to apply online, by phone or in person.

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

Lenders reject personal loan applications for various reasons, including low credit score, high debt-to-income ratio, unstable employment, incomplete application and more. If the lender denies your loan application, ask why. You may be able to lower your loan amount or payment terms.

You can also apply with a different lender, but first, improve any issue that caused the original rejection. For instance, if the lender rejected your loan application due to a low credit score, you can get a credit-building credit card to improve your credit history. If the rejection was due to low income, you could apply again with lenders that accept low-income individuals.

MoneyGeek also recommends against getting a payday loan, as these loans have high interest rates and can cause you to accumulate more debt.

Frequently Asked Questions About Personal Loans in Lexington

The best personal loan lender in Lexington will depend on your financial situation and other factors. MoneyGeek answered the following frequently asked questions to help you choose the ideal lender based on your needs.

Our Personal Loan Methodology


MoneyGeek analyzed the personal loan products of more than 30 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, we make our picks with your best interests 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. Learn more about our editorial policies and expert editorial team.