Best Personal Loans in Nevada for 2024

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Reviewed byAlvin Yam, CFP
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Reviewed byAlvin Yam, CFP
Edited byLukas Velunta
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Updated: April 25, 2024

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First Tech and PenFed are MoneyGeek's top choices for personal loans in Nevada, scoring 98 and 95, respectively, due to their trustworthy services. In Nevada, the average credit score is 702, per Experian data from 2023, meaning the average borrower may be in a good position to secure favorable loan terms.

When looking for a personal loan, it's important to understand how your credit score, income history and debt-to-income ratio can influence lender decisions. MoneyGeek considered lender reputation, interest rates, minimum required credit scores and loan flexibility to find the best options.


    Overall Best Personal Loan Lender in Nevada

  • First Tech

    • 98MoneyGeek Score
    • 8.94% to 18.00%APR Range
    • UndisclosedMinimum Credit Score
    • $500 to $50,000Loan Amount Range
    • 6 to 84 monthsRepayment Terms

    First Tech is the top personal loan lender in Nevada, with a MoneyGeek score of 98 out of 100. Its APR range starts from 8.94%, competitive compared with other lenders. They shine particularly in customer service, offering extensive support and education, and in offering excellent rates and fees, ensuring customers get great value. First Tech's loan terms are flexible, with options extending up to 84 months, suitable for a variety of borrowers.


    • Insured by the National Credit Union Administration (NCUA)
    • Offers apps to help with budgeting and debt
    • No early repayment penalty


    • Must be a member to apply
    • Provides limited details on loan application process
    • Little published information about credit score requirements
    First Tech

    Runner-Up for Best Personal Loan Lender in Nevada

  • PenFed

    • 96MoneyGeek Score
    • 7.99% to 17.99%APR Range
    • UndisclosedMinimum Credit Score
    • Up to $50,000Loan Amount Range
    • Up to 60 monthsRepayment Terms

    PenFed Credit Union is the runner-up for best personal loan lender in Nevada, with a MoneyGeek score of 95 out of 100. The lender offers APRs ranging from 7.99% to 17.99%, among the lower rates in our analysis. Repayment terms are flexible at up to 60 months. Additionally, PenFed excels in repayment terms and flexibility, demonstrating a commitment to customer adaptability.


    • Offers some of the lowest APRs available
    • No early repayment penalty
    • Insured by the National Credit Union Administration (NCUA)


    • No information provided about credit score requirements
    • $50 minimum monthly loan payment
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The amount of monthly debt payments you have relative to your monthly gross income is called your debt-to-income ratio, or DTI. Most lenders prefer to see a debt-to-income ratio of 35% to 40% or below for secured loans, and 40% to 45% or below for unsecured personal loans.

Debt includes items like mortgages, car loans, credit cards and existing personal loans. A debt-to-income ratio above 50% is considered high and so approval may be more difficult, or your loan may come with higher interest rates.

Alvin Yam, CFP®


Calculate Your Monthly Nevada Loan Payment

According to our analysis, lenders in Nevada offer personal loan products averaging about 49 months. Explore your loan options with our personal loan calculator, a simple tool to calculate monthly payments and total loan costs based on amount, interest rate and term length, helping you make informed decisions before committing.


    Best Personal Loan Lender in Nevada for Bad Credit

  • Discover

    • 93MoneyGeek Score
    • 7.99% to 24.99%APR Range
    • 660Minimum Credit Score
    • Up to $40,000Loan Amount Range
    • 36 to 84 monthsRepayment Terms

    Discover is MoneyGeek's pick for the best personal loan provider in Massachusetts for borrowers with low credit, scoring a MoneyGeek score of 93 out of 100. This bank originates its own personal loans, offering debt consolidation loans that may feature lower APRs than those for general purposes.

    With an APR range of 7.99% to 24.99%, which is competitive when compared with others, and a minimum credit score requirement of 660, it stands out particularly for its streamlined application process and strong customer-focused approach.


    • No prepayment penalties
    • Option to directly pay off multiple creditors, streamlining debt consolidation
    • FDIC-insured institution


    • High upper APR limit compared with competition
    • Minimum individual or household income of $25,000 per year required
    • Cannot be used to pay off a Discover credit card

    Best Personal Loan Lender in Nevada for Debt Consolidation

  • Alliant Credit Union

    • 96MoneyGeek Score
    • 10.99% to 13.99%APR Range
    • UndisclosedMinimum Credit Score
    • $1,000 to $100,000Loan Amount Range
    • 12 to 60 monthsRepayment Terms

    The best personal loan lender for debt consolidation in Nevada is Alliant Credit Union, with a MoneyGeek score of 96 out of 100. It has a competitive APR range of 10.99% to 13.99%. Alliant is an online-only bank requiring membership for 90 days to qualify for a loan. The lender excels in providing competitive interest rates and fees.


    • Among the highest loan limits available in our analysis
    • Insured by the National Credit Union Administration (NCUA)
    • No prepayment penalties


    • An online-only credit union, with no in-person branches
    • Must maintain membership for 90 days prior to loan application
    Alliant Credit Union
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Interest on personal loans is generally not tax deductible because personal loans are considered consumer debt. But there are some exceptions where the interest may qualify:

  • When consolidating high-interest qualifying debts like credit cards or student loans, if used to pay off those debts.
  • If used for home improvements that increase the home's value.
  • If the loan proceeds can be demonstrated as used exclusively for business expenses or starting a business.
  • In some cases, if the loan is used for investment purposes related to income-generating assets.

Alvin Yam, CFP®

Impact of Credit Score on Loan Repayment in Nevada

When considering a personal loan in Nevada, be mindful of your credit score, credit history, income and debt-to-income ratio. Lenders use these indicators to assess creditworthiness. MoneyGeek's criteria for the best personal loan lenders in the state include factors such as lender reputation, transparency, APR ranges, minimum credit score requirements and the flexibility of loan terms.

Your credit score is a pivotal determinant of your loan's terms. Improving it prior to application can lead to more advantageous APRs and better loan conditions. To understand how your credit score might affect your monthly loan payments, refer to the table below.

Data filtered by:Results filtered by:
Credit Band:
Credit Band:690 to 719
Loan Amount:
Loan Amount:$2,000

This table approximates monthly payments, calculated using median personal loan interest rates typical for various credit score ranges. These numbers are median estimates provided for general guidance. They should not be taken as precise rates for everyone in each credit score category. Actual interest rates can differ due to lender-specific policies, prevailing market conditions and unique borrower profiles.

Pros and Cons of Personal Loans in Nevada

Personal loans offer the opportunity to manage your finances through lower interest rates than most credit cards and can simplify multiple debts into one, enhancing your credit profile along the way. They also provide the flexibility to address a range of financial needs, from unexpected expenses to planned projects.

But be aware of the potential risks, such as origination fees and the lure of unnecessary debt, which might offset some of these advantages. Consider the pros and cons of personal loans before you apply.


FAQ About Nevada Personal Loans

If you have questions about personal loans, MoneyGeek has answers to help you make an informed decision before applying.

What is the best lender in Nevada for personal loans?
Where is the best place to get a personal loan in Nevada?
What has the best personal loan interest rates in Nevada?
What can I use a personal loan for in Nevada?
What are some personal loan red flags to look out for?
Do lenders consider income level when applying for a personal loan?
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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.