What is the best personal loan lender in Nevada?

MoneyGeek found that LightStream offers the best personal loans in Nevada. But another lender may fit your situation better. For example, Upstart is the best for individuals with bad credit, while SoFi is ideal for those with good credit.

Which lender in Nevada has the lowest interest rate?

In Nevada, Upstart offers the lowest interest rate for personal loans. It can be as low as 3.22%.

Can I use a personal loan for vacations in Nevada?

You can use a personal loan to fund your vacation and travel plans. But before taking out a personal loan, check if your preferred lender prohibits using the funds for a vacation.

Can I use a personal loan for home improvement in Nevada?

Financing home improvements is one of the most common reasons for getting a personal loan. In Nevada, Best Egg is the best lender for this purpose.

What can I not use my personal loan for in Nevada?

This ultimately depends on the lender. For example, some prohibit the use of personal loans on post-secondary education expenses, gambling and investments.

How much can I borrow in Nevada?

Generally, the amount ranges from $1,000 to $100,000, but the lender decides what amount you’re eligible to borrow with a personal loan.

How long does it take to get a personal loan in Nevada?

The funding process varies from lender to lender. With some lenders, you can get your money in as little as 24 hours. Others, however, can take up to a week.

Can I pay off my loan early in Nevada?

Yes, paying off your personal loan early is an option. However, your chosen lender may charge a prepayment penalty.

Top Lenders & Best Picks for You

Best Personal Loans in Nevada

LightStream offers the best personal loans in Nevada. It has flexible loan limits, competitive interest rates and same-day funding.

MoneyGeek also identified the best lenders for different borrower profiles and needs. Upstart is the best option for borrowers with bad credit, while SoFi is best for good credit. Best Egg is the best lender in Nevada for home improvement loans, while Upgrade offers the best debt consolidation loans.

WHAT WE’RE GEEKING OUT ON

The Best Overall Personal Loan Lender in Nevada
The Best Personal Loan Lender for Bad Credit in Nevada
The Best Personal Loan Lender for Good Credit in Nevada
The Best Personal Loan Lender for Debt Consolidation in Nevada
The Best Personal Loan Lender for Home Improvements in Nevada
How to Choose the Right Personal Loan for You
Frequently Asked Questions About Personal Loans in Nevada

MoneyGeek’s Pick for Best Personal Loan Lender in Nevada: LightStream

It’s important to consider your particular needs and situation when looking for personal loans in Nevada. To help you find the best options, MoneyGeek analyzed and compared more than 30 data points, including BBB ratings, loan amounts, repayment lengths, interest rates, fees and minimum requirements. Additionally, we studied what may affect your chances of getting a personal loan. Among these factors are minimum credit score, gross income and debt-to-income ratio.

Best Overall Personal Loan Lender in Nevada: 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
Based on MoneyGeek’s analysis, LightStream offers the best personal loans in Nevada. They come with no fees, such as origination fee, prepayment penalty and late fee. If you have automatic payments, you get a 0.5% discount from this lender.
LightStream offers loans up to $100,000 that can be delivered to your bank account as soon as the same day of your loan application approval. To qualify for a LightStream loan, you need a minimum credit score of 660. It doesn’t have any debt-to-income limits or employment and gross income requirements.
LightStream is Truist’s online lending division, which was formed after SunTrust Bank and BB&T merged in 2019. It serves customers across all 50 states.
Pros
0.5% automatic payment discount
No origination fee
No prepayment penalty
No late fee
Same-day funding

Cons
Conducts hard credit inquiry
Has restrictions on the usage of funds
APR Range: 4.49%–20.49%
Minimum/maximum loan amount: $5,000–$100,000
Minimum credit requirements: 660
Repayment terms: 24–84 months
Time to receive funds: Same day
on LightStream Website

Best Personal Loan Lender for Bad Credit in Nevada: 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
If you want to apply for a personal loan in Nevada but have poor credit, Upstart may be the best option. For starters, this lender only requires a credit score of at least 300. It also conducts a soft credit pull, which won’t have any impact on your credit score — that’s important if you’re looking to improve your score.
It’s worth noting, however, that Upstart caps its borrowing limits at $50,000. It may not be the lender for you if you’re looking for a larger loan. Also, it’s not an option if you have a debt-to-income ratio above 45%.
Upstart is an artificial intelligence lending platform launched in 2012. Since then, it has served consumers in 48 states, including Nevada.
Pros
Low credit score requirement
No prepayment penalty
Conducts soft credit checks
Offers joint loans

Cons
Very high potential interest rate
May charge an origination fee
Has late fee
APR range: 3.22%–35.99%
Minimum/maximum loan amount: $1,000–$50,000
Minimum credit requirements: 300
Repayment terms: 36–60 months
Time to receive funds: Next day
on Upstart Website

Best Personal Loan Lender for Good Credit in Nevada: 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
Established in 2011, SoFi aims to help people get their money right and reach financial independence. It provides personal loans in 49 states, Nevada being one of them.
SoFi is the top choice for individuals with good credit who need a personal loan in Nevada. A SoFi personal loan requires a minimum credit score of 680 and doesn’t charge an origination fee, prepayment penalty or late fees. To help you save even more money, it gives a 0.3% discount if you have automatic payment.
SoFi also provides unemployment protection in the event you lose your job through no fault of your own. It may modify your monthly loan payments and has career services and job postings to help you in your job search during your forbearance period.
Note that SoFi has employment requirements and a minimum gross income requirement of $50,000 before sending in your loan application.
Pros
0.3% automatic payment discount
No origination fee
No prepayment penalty
No late fee
Conducts soft credit inquiry

Cons
Requires a good to excellent credit score
Minimum gross income requirement of $50,000
APR range: 5.74%–20.28%
Minimum/maximum loan amount: $5,000–$100,000
Minimum credit requirements: 680
Repayment terms: 12–60 months
Time to receive funds: Two days
on SoFi Website

Best Personal Loan Lender for Debt Consolidation in Nevada: 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
Upgrade launched in 2017 to offer more value and a better experience to customers in all 50 states.
This lender allows you to borrow a maximum of $50,000. To qualify, you need a minimum credit score of 560. There’s no minimum gross income requirement, and once approved, you can get your funds on the same day
Upgrade is the best lender if you need a personal loan in Nevada for debt consolidation, and it pays your debt directly. To explain, if you are paying off three credit cards with an Upgrade debt consolidation loan, it sends the payments directly to the companies on your behalf.
Pros
1% automatic payment discount
No prepayment penalty
Fair credit score requirement
Conducts soft credit pull

Cons
High origination fee
Has late fee
High interest rate possible
APR range: 5.94%–35.47%
Minimum/maximum loan amount: $1,000–$50,000
Minimum credit requirements: 560
Repayment terms: 36–60 months
Time to receive funds: Same day
on Upgrade Website

Best Personal Loan Lender for Home Improvement in Nevada: 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
If you need a personal loan in Nevada for home improvements, Best Egg may be an excellent choice. It has been providing lending solutions to borrowers in 47 states since 2014.
With Best Egg, you can get an interest rate as low as 4.99%, depending on your profile. Plus, Best Egg offers a 0.5% discount if you use automatic payments. Once approved for a Best Egg loan, you may receive your funds the next day.
Best Egg is not the top choice, though, if your credit score is lower than 700. You also need a gross income of at least $50,000 to qualify for a loan. Furthermore, you can only borrow up to $50,000.
Pros
0.5% discount for automatic payments
No prepayment penalty
No debt-to-income limit
Conducts soft credit inquiry

Cons
Has origination fee of 1%-6%
Charges a late fee
Minimum credit score requirement of 700
APR range: 4.99%–35.99%
Minimum/maximum loan amount: $2,000–$50,000
Minimum credit requirements: 700
Repayment terms: 36–60 months
Time to receive funds: Next day
on Best Egg Website

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

The average personal loan debt in Nevada is $18,301. The most common reasons for acquiring a personal loan include debt consolidation, home improvements, large purchases, medical bills and emergency expenses.

Before applying for a personal loan, it’s important to consider many factors, including your credit score and monthly income. MoneyGeek outlined the following steps to help you decide whether a personal loan in Nevada is what you need.

Ask Yourself the Important Questions

Before anything else, ask yourself these questions to determine if a personal loan is your best option.

How much money do you need? Consider your current financial situation and how much money you need. For example, how much high-interest credit card debt do you have that a personal loan may help you save money on by consolidating for a lower interest rate?
What is your credit score? Lenders evaluate your credit score to get a sense of how responsible you are when handling debts. A high credit score can get you a lower interest rate and better loan terms.
Can you afford the monthly payment? On average, you have to make monthly payments for 2–4 years. It’s vital to know if you can afford to pay every month to avoid late fees and ruining your credit score.
How much debt do you already have? If you’re already paying off other loans, adding another might put you in a tight financial spot.

Do Your Research

Gathering relevant information is vital in determining the right personal loan lender for you. Compare rates from different lenders to narrow down your options and get the best deal possible. Also, research if your prospective lender conducts a hard credit check, which can affect your credit score. Note if they impose restrictions on the usage of funds as well.

MoneyGeek created this guide to provide you with necessary information about personal loans in Nevada. But our recommendations may not cover your unique situation. Doing your own research can help you find the best lender for your financial needs.

Wait

Take a step back to think after researching personal loans in Nevada. Sometimes, it’s tempting to immediately send in your application after deciding on a lender. But there’s no need to be hasty. Think it over for a day or two before confirming that a personal loan is your best option.

Read the Fine Print

After you revisit your decision, it’s critical to check if you missed the little things when researching personal loans. Read and understand the fine print. That way, you won’t be surprised by fees, such as an origination fee or prepayment penalty. Knowing this can save you money in the long run.

Apply

If you’re 100% sure about your personal loan lender, the only thing left to do is submit your application. Prepare all the necessary documentation that your lender might require. Usually, that’s your identification, address verification and proof of income. Make sure your information is accurate and thorough before submitting it.

Some lenders give you the option to apply online. However, there’s no harm in calling or visiting your lender in person if possible.

What To Do if You Can’t Get a Personal Loan in Nevada

Sometimes, personal loan applications get denied. That can be discouraging, especially if you intend to use the money for tackling home renovations or financing your dream vacation. But it’s okay. Be proactive and figure out what affected your lender’s decision to ensure it doesn’t happen again.

Don’t hesitate to contact your lender and inquire about their reason for the rejection. Then, ask if there’s a way to modify your application to make it more acceptable. For example, shortening your loan term or decreasing your loan amount.

If the decision is final, you can try applying to a different lender. Although, this move isn’t really advisable until you improve the factors that caused your application to get rejected in the first place.

If you want to look at borrowing alternatives, be careful of payday loans. They may be an attractive option since they can provide you quick access to cash, but they come with disadvantages, such as shorter payback periods and higher interest rates.

Frequently Asked Questions About Personal Loans in Nevada

The best personal loan depends on your needs and other credit and income factors. To help you find the best options, MoneyGeek answered some frequently asked questions about personal loans in Nevada.

METHODOLOGY

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.

sources

LightStream. "About Us." Accessed March 8, 2022.
LightStream. "Frequently asked questions." Accessed March 8, 2022.
Upstart. "This is Upstart." Accessed March 8, 2022.
SoFi. "Personal Loans." Accessed March 9, 2022.
SoFi. "Disclosures & Disclaimers." Accessed March 9, 2022.
Upgrade. "About Us." Accessed March 9, 2022.
Best Egg. "About Best Egg." Accessed March 8, 2022.

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.