Best Low-Income Loans in New Hampshire: Top Lenders and Rates for 2024

Banner image
Edited byScott Strandberg
Edited byScott Strandberg

Updated: December 28, 2023

Advertising & Editorial Disclosure

Loading...

Best Low-Income Loan Lenders in New Hampshire

To determine the best low-income loan lenders in New Hampshire, MoneyGeek evaluated more than 30 data points. These include APR ranges, minimum credit scores, repayment periods, origination fees, disbursement times, loan limits and Better Business Bureau (BBB) ratings.

MoneyGeek selected Upgrade as New Hampshire’s best low-income lender. However, there may be a more suitable option for your specific situation. For example, Prosper is an excellent option for borrowers with good credit scores.

Best Overall Low-Income Loan in New Hampshire: Upgrade

Loading...

Runner-Up for Best Low-Income Loan in New Hampshire: LendingClub

Loading...

Best Low-Income Loan for Bad Credit in New Hampshire: Upstart

Loading...

Best Low-Income Loan for Good Credit in New Hampshire: Prosper

Loading...
Loading...

How to Choose the Best Low-Income Loan in New Hampshire for You

The average New Hampshire borrower has a personal loan debt of $19,189, so you are far from alone in seeking a personal loan. MoneyGeek also found that New Hampshire residents have an average credit score of 734 — if you have a score at or above this level, you stand an excellent chance of getting approved for a low-income loan with good rates.

Browse through the following steps to understand how the personal loan journey works:

1

Ask Yourself the Important Questions

MoneyGeek encourages you to list the specific reasons why you need to take out a loan. Understanding the purpose of your loan can also inform your decision when choosing a lender.

  • How much funding do you need? Compute how much you need to borrow for your low-income loan. You don’t want to borrow too little or too much.
  • What’s your credit score? Lenders usually assess a borrower’s eligibility by checking their credit score.
  • Can you afford the monthly payments? Evaluate your monthly budget to avoid spending more than you can afford.
  • Do you have existing debts? When you take out a loan, you incur new debt. Lenders will also examine your debt-to-income (DTI) ratio when determining your eligibility.
  • Is your debt manageable through other means? If taking out a loan doesn’t suit your finances, you might use a credit card instead.
2

Do Your Research

It’s crucial to take time and shop for the right low-income lender in New Hampshire. Compare rates and terms to find a well-balanced option. Personal loans are huge financial commitments since they take several years to repay. Remember that our recommendations are generalized and may not suit your specific needs as a borrower.

3

Wait

Before you choose a personal loan lender, give yourself a day or two to sit and think about it. Even if you already have a shortlist of top lenders, taking time helps you arrive at an objective decision.

4

Read the Fine Print

Personal loans always have fine print, yet sometimes it’s easy to miss. We urge our readers to pinpoint essential information, such as late, origination and prepayment penalty fees that might surprise you later on. Knowing the ins and outs of your personal loan can save you more long-term.

5

Apply

If you’re confident in your decision, go ahead and submit your loan application. Kickstart your application process by compiling important documents like identification, address verification and proof of income. It’s relatively easy to process a loan in New Hampshire. You can do it online, via phone or by visiting the lender's office. Choose the best and most convenient method for you.

What to Do if You Can’t Get a Low-Income Loan in New Hampshire

There are multiple reasons why lenders reject loan applications. Although it is disheartening, it doesn’t necessarily mark the end of the road. Lenders may deny your application due to not having enough income, a low credit score or a lack of employment history.

Moving forward, you can always ask your lender why your application was denied. In some cases, you might be able to shorten the loan term or lower the loan limit. The lender might be amenable to those terms.

If the lender still doesn’t budge, don’t fret. You may be able to apply with another lender. But only continue the process once you’ve improved the reason that caused your first application to fall short.

Distraught borrowers may sometimes consider taking out a payday loan. While appealing, MoneyGeek discourages this practice. Payday loans can do much more harm than good, demanding extremely high interest rates and quick repayment periods.

Calculate Your Monthly Payment

After you take out a loan, you need to repay it in monthly installments with interest. Use MoneyGeek’s personal loan calculator to determine whether you can meet the financial obligation.

Loading...

FAQs About Low-Income Loans in New Hampshire

Get a headstart on low-income loans in New Hampshire by reading through MoneyGeek’s answers to commonly asked questions. The best lender for you will cater to your specific needs and financial profile.

What is the best low-income loan lender in New Hampshire?
Which lender in New Hampshire has the lowest interest rates for low-income?
What kind of debts can I not use my low-income loan for in New Hampshire?
How much debt can I consolidate in New Hampshire?
How long does it take to get a low-income loan in New Hampshire?
Can I pay off my loan early in New Hampshire?

Methodology

mglogo icon
METHODOLOGY

MoneyGeek studied more than 30 personal loan lenders to determine the best picks in New Hampshire. Our evaluation accounted for 35 individual data points across six key components: affordability, accessibility, consumer friendliness, customer service, flexibility and lender transparency.

In our assessment, some data points carried more weight than others, including APR ranges, available loan amounts, credit score eligibility, minimum income requirements, application fees and disbursement periods.

MoneyGeek values you, our reader. Hence, we highlighted features that offered a smoother customer experience. These tools include prequalification, payment options and mobile apps.

Know that MoneyGeek keeps your best interests in mind. We want our readers to arrive at financially smart decisions with the help of our recommendations and expert tips.

sources
Shield Insurance

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.