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

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Edited byScott Strandberg
Edited byScott Strandberg

Updated: December 28, 2023

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MoneyGeek's Picks for Best Personal Loan Lenders in Shreveport, LA

MoneyGeek conducted an in-depth comparison of personal loans in Shreveport based on more than 30 key criteria, including application requirements, fees, quality of customer service and repayment terms.

After researching many different lenders in the Shreveport area, we decided that LightStream was the best overall option for borrowers looking for a personal loan. However, Upstart is the best option for those with poor credit, while SoFi is the best choice for those with good credit. Meanwhile, our pick for debt consolidation is Upgrade, and we chose Best Egg for home renovations.

Best Overall Personal Loan Lender in Shreveport: LightStream


Best Personal Loan Lender for Bad Credit in Shreveport: Upstart


Best Personal Loan Lender for Good Credit in Shreveport: SoFi


Best Personal Loan Lender for Debt Consolidation in Shreveport: Upgrade


Best Personal Loan Lender for Home Improvement in Shreveport: Best Egg


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

Some important considerations prior to loan application include your existing debt level and credit history. The average credit score in Louisiana is 689 — if your score is at or above this level, you stand an excellent chance of personal loan approval.

To locate the right personal loan in Shreveport, Louisiana, for your circumstances, follow these steps carefully.

Ask Yourself the Important Questions

It's tempting to take out a personal loan, but before you do, it's important to figure out whether you can afford the amount you want to borrow. You should always have a strategy and a schedule for paying back any money you borrow, no matter the amount. Ask yourself the following questions to get started.

  • What is my desired loan amount?
  • Is my credit score sufficient?
  • How much of a monthly payment would be manageable for me?
  • How much debt do I already have?
  • What are the fees?
Do Your Research

Find the best loan for your needs by comparing interest rates, credit score requirements and prospective fees across several lenders in your area. Keep in mind that if you proceed, a hard inquiry into your credit history has the ability to temporarily decrease your credit score.

Remember that a personal loan is a significant commitment that you’ll spend years repaying. Our suggestions are a good place to start, but if you have specific requirements that aren't addressed here, you should do your own research as well.


Put off making a final choice for a few days once you've identified the most suitable loan option for your circumstances. Given that a personal loan is a long-term financial obligation, it's wise to review the benefits and drawbacks of your loan one more time before committing to it.

Read the Fine Print

After you've done everything mentioned above, it's time to start the application procedure for your personal loan by gathering your requirements. Although criteria may differ between loan providers, most lenders normally request proof of income and identity. While most lenders allow you to apply online, it may be a good idea to visit your lender in person if you have questions regarding your loan conditions or application criteria.


When you're prepared to submit your personal loan application, make sure you have all the required documentation on hand. Typically, this includes documentation to verify proof of income, identification and address.

Some lenders' applications can be completed entirely online, while others have physical offices you can contact or visit. Though an online application may be more convenient, we recommend applying over the phone or in person if you have questions or are confused about the online application process.

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

Depending on your lender, your loan application might be denied for a range of reasons, including a poor credit score, job instability, lack of income or incomplete application requirements.

If a lender turns down your loan request, you should find out the reasons why. You can negotiate with them to shorten repayment terms or get a smaller loan amount. If your credit score is too low, you can try to raise it before applying with a new lender. Note that applying with multiple lenders can lower your credit score since they may conduct a hard credit check.

One alternative to a personal loan is a payday loan. However, MoneyGeek warns against these since payday loans usually have extremely high interest rates and short repayment terms. Additionally, paying them back does not help your credit score.

Frequently Asked Questions About Personal Loans in Shreveport

It can be difficult to weigh all of your options for personal loans and choose which one best suits your requirements. MoneyGeek provides answers to the most frequently asked questions about personal loans in Shreveport to assist you with the process.

What is the best personal loan lender in Shreveport?
Which lender in Shreveport has the lowest interest rate?
Can I use a personal loan for vacations in Shreveport?
Can I use a personal loan for home improvement in Shreveport?
What can I not use my personal loan for in Shreveport?
How much can I borrow in Shreveport?
How long does it take to get a personal loan in Shreveport?
Can I pay off my loan early in Shreveport?

Our Personal Loan Methodology

We analyzed more than 30 different personal loan providers by collecting and analyzing 35+ separate data points across six main categories: loan cost, availability, user friendliness, service, adaptability and transparency.

MoneyGeek examined various criteria to determine how high each company should rank. Key considerations include disbursement time, application costs, minimum credit score required, the minimum income required and APR ranges.

In addition, we consider each lender's customer service, business ratings and any extra features that can improve your overall experience, such as prequalification, payment alternatives and mobile apps.

Our expert advice and recommendations for personal loans are designed to help you choose the best overall personal loan lender for your particular circumstances.

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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.