MoneyGeek’s Picks for Best Personal Loan Lenders in Montana

Your credit score, desired loan amount and intended use will determine which personal loan lender is right for you. To find the best personal loan lender in Montana, MoneyGeek evaluated over 30 different data points about lender quality, including Better Business Bureau (BBB) rating, interest rates, repayment options and loanable amount.

Best Overall Personal Loan Lender in Montana: LightStream

  • LightStream

    • 4.49% to 20.49%APR Range
    • 660Minimum Credit Score
    • $5,000 to $100,000Loan Amount Range
    • 24 to 84 monthsRepayment Terms
    • Same DayTime to Receive Funds


Best Personal Loan Lender for Bad Credit in Montana: 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 Montana: 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 Montana: 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 Montana: 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

How to Choose the Best Personal Loan Lender in Montana for You

According to a 2019 study by Experian, 33.4% of Montana residents have personal loans. Montana's personal loan debt average is $15,921, but the range varies widely. If you’re considering taking out a personal loan in Montana, MoneyGeek recommends the following step-by-step process to help you prepare.


Ask Yourself the Important Questions

Getting a personal loan is a serious financial decision that you should carefully consider. Asking yourself the right questions can help you decide if a personal loan is right for you.

  • How much funding do you need?
  • What is your credit score?
  • Can you afford the monthly payment?
  • How much debt do you already have?

Do Your Research

Repaying a personal loan often takes years. The best way to ensure your comfort with such a binding commitment is to do your research.

MoneyGeek gathered and compared different loan packages and lenders to identify the best personal loans for assorted borrowers. However, it’s ultimately up to you to explore your options and see if an alternative works better for you.



Once you’ve gathered information and chosen a lender you feel good about, it’s still advisable to wait a few more days before applying. Take the time to assess your situation objectively and ensure that a personal loan is your best option.


Read the Fine Print

Reading and understanding the fine print is a crucial step you don’t want to skip when applying for a personal loan. These details can hide hidden fees that will make paying back your loan more expensive than anticipated. Knowing these details also lets you better compare loan package offers from other lenders.



If you still feel good about your personal loan package after weighing your options for several days, you’re most likely ready to apply.

Prepare the personal information and documents you’ll need during your application process, such as your identification, address verification and income statements. If you’re uncomfortable applying online, see if you can call your lender directly or visit their office to complete your application.

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

Lending companies and banks can deny a personal loan application for several reasons. Common grounds for rejection include insufficient credit or income, a loan purpose mismatch or an unstable employment record. Before giving up or running to another lender, there are more viable steps to take.

First, contact your lender and ask why your application was denied. You may be able to make changes to your application — such as decreasing your loan amount or shortening your loan repayment term — that work the second time around with the same lender or a different one. But because some lenders initiate a hard credit inquiry in the loan application process, note that you want to minimize such inquiries as much as possible.

If your loan was denied because of a purpose incompatibility, consider other loan options. Depending on your situation, unsecured business loans, student loans or even a balance transfer credit card could be better options for you. On the other hand, fast-cash payday loans — which come with inordinately high interest rates and short loan terms — should be avoided at all costs.

Frequently Asked Questions About Personal Loans in Montana

The best personal loan lender for you depends on your credit, income and needs. MoneyGeek answers some of the most common questions about personal loans in Montana to help you find the best option for you.

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We reviewed more than 30 personal loan 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, our picks are decided and chosen with your best interest 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.