Best Personal Loans in Metairie, LA: Top Lenders & Best Picks for You

MoneyGeek’s analysis of various personal loan lenders in Metairie shows that LightStream stands out. The lender offers same-day funding, making it the ideal option for immediate expenses.

Besides fast approvals and funding, LightStream doesn’t charge fees, including prepayment, origination or late payment fees. It offers a maximum loan of $100,000, sufficient for meeting significant expenses. The lender allows you to lower your interest rates by offering an autopay discount.

However, LightStream requires borrowers to have at least a 660 credit score and doesn’t allow co-signers. If you don’t have a strong credit history, it’s best to consider other lenders in the city. Also, the $5,000 minimum loan amount may be too high for some smaller expenses.

Pros

• Maximum loan of $100,000
• Many repayment term options
• Quick funding
• Offers autopay discount
• No prepayment, origination or late fees

Although it might be challenging to qualify for a loan with a weak credit history, MoneyGeek analyzed many lenders that offer loans for borrowers with bad credit scores in Metairie, Louisiana. Based on our analysis, borrowers with poor credit should opt for Upstart, as it determines borrowers' creditworthiness using their education and employment details instead of focusing on credit scores.

The lender also has the lowest minimum APR compared with other lenders in the city. However, only borrowers with a strong credit history might qualify for it. When you apply for a loan with this lender, it performs a soft credit check that won't harm your credit score. Upstart doesn't charge a prepayment penalty on its loans.

Pros

• Low minimum credit score requirement
• No prepayment fees
• Low minimum APR
• Soft credit checks

Based on MoneyGeek's analysis of lenders for borrowers with good credit, SoFi is the ideal option. The lender provides 24/7 customer support, performs a soft credit inquiry and doesn't charge prepayment fees on early loan repayment.

With SoFi, you can get a maximum loan of $100,000, which can help you cover many significant expenses, including debt consolidation, home improvements, expensive purchases or emergency expenses. You won't have to pay origination fees on the loan's closing.

While SoFi’s baseline APR is pretty high, its maximum rate is reasonable. Also, this lender allows borrowers to repay their loans in up to five years.

However, SoFi won't let you apply in person. If you aren't comfortable submitting an online application, there might be better options than this lender.

Pros

• Soft credit inquiry
• No prepayment or origination fees
• Maximum loan of $100,000
• Low maximum APR

You should consider getting an Upgrade personal loan if you want funds to consolidate high-interest debt in Metairie, Louisiana. It's the most suitable option for debt consolidation loans because the lender offers direct payment to creditors.

Upgrade offers an autopay discount that might lower your interest rate. Since the lender doesn't charge prepayment fees, you can easily pay off your loan early.

However, this lender requires a 560 credit score if you want to qualify for its loans. Although it doesn't permit co-signers for personal loans, it allows joint applications.

We appreciate Upgrade’s generous repayment term options, which range from 36 to 60 months. However, if you need a loan of greater than $50,000, you’ll need to look elsewhere.

Pros

• Automatic payment discount
• Low minimum APR
• No prepayment penalty
• Directly pays creditors for debt consolidation
• Conducts soft credit check

MoneyGeek analyzed various lenders and found Best Egg the best option for borrowers looking for a loan to fund home improvements in Metairie.

You can opt for Best Egg for any minor home improvement expense, as its minimum loan amount is $2,000. The lender typically disburses the loan funds immediately after approval. If you pay off your loan early, you won’t have to pay prepayment fees with this lender.

However, you should know that Best Egg charges a very high maximum APR. Borrowers with a weak credit history might not qualify for a lower interest rate. Additionally, Best Egg only lends to borrowers with strong credit scores of at least 700.

Pros

• $2,000 minimum loan amount
• No prepayment penalty
• Straightforward online application