Best Low-Income Loans in West Virginia: Top Lenders and Rates for 2024

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Edited byMorgan Hull
Edited byMorgan Hull

Updated: December 28, 2023

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Best Low-Income Loan Lenders in West Virginia

MoneyGeek reviewed more than 30 personal loan providers for over 35 key data points to find the best low-income loan lenders in West Virginia. These data points include loan amounts, annual percentage rates (APRs), repayment terms, credit score requirements, income requirements and more.

Our research indicates that Upgrade offers the best low-income loans in West Virginia, with LendingClub earning our runner-up spot. Upstart is the best option for borrowers with poor credit, while Prosper is the best option for borrowers with excellent credit.

Best Overall Low-Income Loan in West Virginia: Upgrade


Runner-Up for Best Low-Income Loan in West Virginia: LendingClub


Best Low-Income Loan for Bad Credit in West Virginia: Upstart


Best Low-Income Loan for Good Credit in West Virginia: Prosper


How to Choose the Best Low-Income Loan in West Virginia for You

Prior to applying for a personal loan, it’s important to consider if it’s the best option for you. While a low-income loan may benefit some people, it could spell disaster for others. For instance, if you’re among the residents in West Virginia with an average personal loan debt of $17,091, you may want to consider repaying your existing debt before taking out more.

MoneyGeek recommends taking the following steps to ensure you make a well-informed decision.

Ask Yourself the Important Questions

Before researching lenders, ask yourself these questions to save time and money.

  • How much funding do you need? Knowing how much money you need will help you avoid taking out too much money and paying more in interest.
  • What’s your credit score? Your credit score will impact your loan eligibility as well as the rates available to you.
  • Can you afford the monthly payments? Ensure the monthly payment amount you choose fits within your budget. Missing or late payments can be subject to a late fee.
  • Do you have existing debts? Those who have debt may want to repay it first before taking more on.
  • Is your debt manageable through other means? Consider alternative funding options, like borrowing from friends and family or taking out a credit card.
Do Your Research

Compare different lenders' APR ranges, fees, discounts and repayment terms to find the one that suits you best. A personal loan is a financial commitment that takes between two and four years to repay, so it’s important that you’re confident in your chosen lender before applying. MoneyGeek’s guide is a great place to start, but our recommendations are based on generic borrower profiles, rather than your specific needs.


After short-listing your top lender choices, wait a few days before submitting an application. Take this time to consider your options and reflect on whether a personal loan is right for you. If after a few days, you’re still confident in your decision, you can proceed to the next step.

Read the Fine Print

Always read the terms and conditions of your loan agreement to learn about hidden fees. Investigate costs, such as those for prepayment, origination or late fees, that can increase the overall cost of your loan. If you have any questions about the terms of your agreement, you should contact your lender for more information.


Depending on your choice of lender, you may be able to apply online. However, it may be more convenient to visit a physical branch if you have questions regarding the application process. Before applying, gather all required documents, including proof of income, identification and address.

What to Do if You Can’t Get a Low-Income Loan in West Virginia

If you’re rejected for a loan, you should contact the lending institution to find out why. Lenders commonly reject applications due to issues with credit scores, DTI ratios or application details. Depending on the reason, you may be able to modify your application to have it approved.

For instance, lenders will sometimes approve a loan application if the borrower agrees to a different loan amount or repayment term. If your application was rejected due to a low credit score, this won’t be a quick fix. MoneyGeek recommends improving your credit before you reapply to avoid negatively impacting your credit score further.

In addition, we strongly advise against payday loans, which feature high interest rates and short repayment terms that may cost borrowers more money in the long term.

Calculate Your Monthly Payment

A personal loan must be repaid in monthly installments, including interest. Before applying for a loan, it’s a good idea to add up your current debts and evaluate whether you can afford the monthly payments. Use MoneyGeek’s calculator to approximate your monthly loan payment.


FAQs About Low-Income Loans in West Virginia

Your financial history and funding needs will ultimately determine which low-income West Virginia lender is the best fit for you. MoneyGeek answered some of the most frequently asked questions about low-income loans in West Virginia to help you make the best decision.

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


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MoneyGeek analyzed more than 30 different lenders for over 35 different data points across six primary areas, including loan affordability, availability, consumer friendliness, support, flexibility and lender transparency.

When establishing how much weight each ranking category should be given, we gave the greatest consideration to the specific data points that we felt had the greatest impact on a borrower’s lender choice. These included APR ranges, loan amounts, minimum credit score requirements, minimum income requirements, application costs and disbursement times.

At MoneyGeek, we place a high priority on you, the consumer, so we also considered each lender's customer support and business ratings as well as the availability of convenience features like prequalification, payment options and mobile applications.

Our recommendations were made after significant deliberation and analysis with your best interests in mind. We strive to provide you with the knowledge and insider tips to make smart financial decisions.

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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.