What is the best personal loan lender in Las Vegas?

According to MoneyGeek’s analysis, the best personal loan lender in Las Vegas is LightStream. However, the best option for you may vary, depending on your specific needs. Take the time to do your research to find the ideal lender for your needs and profile.

Which lender in Las Vegas has the lowest interest rate?

Upstart offers the lowest interest rates for personal loans in Las Vegas, with rates as low as 3.22%.

Can I use a personal loan for vacations in Las Vegas?

Yes. In general, you can use a personal loan to fund your vacations. But, we strongly advise that you check with your lender first to see if there are any restrictions on using loan funds for vacation purposes.

Can I use a personal loan for home improvement in Las Vegas?

Yes, you can use your loan for home improvement. MoneyGeek found that Best Egg is the best lender in Las Vegas for this purpose.

What can I not use my personal loan for in Las Vegas?

There might be restrictions on how you can use your loan funds depending on the lender. For example, Upgrade will not allow you to use your loan to fund post-secondary education, investments and gambling activities. In contrast, Truist will not allow you to use your loan to refinance an existing loan, purchase bonds and stocks and fund a business. Talk to your lender to find out what the restrictions are for your particular loan.

How much can I borrow in Las Vegas?

The maximum amount that you can borrow depends on your lender. The amount could be as high as $100,000, while others cap it at $50,000 or lower.

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

The length of the application and funding process tends to vary based on the lender. Some lenders, like LightStream, can provide your loan funds on the same day that you apply. Others, like SoFi, might take up to a week for loan disbursement.

Can I pay off my loan early in Las Vegas?

Yes, you can choose to prepay your personal loan in Las Vegas. However, keep in mind that some lenders charge a prepayment penalty. We advise that you check with your lender if there are any penalties for paying off your loan early.

Top Lenders & Best Picks for You

Best Personal Loans in Las Vegas, NV

The average personal loan in Las Vegas, Nevada, is $18,301, with an average interest rate of 9.16%. Personal loans can be used for things like emergency expenses, medical costs, debt consolidation and more. However, you need to make sure that you qualify for a personal loan by going over the minimum requirements of lenders. This tends to vary by lending company, so you want to evaluate multiple lenders to ensure you find the right option for you. MoneyGeek can help with this process.

WHAT WE’RE GEEKING OUT ON

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

MoneyGeek’s Pick for Best Lender in Las Vegas, NV: LightStream

To find the best personal loan companies in Las Vegas, MoneyGeek evaluated more than 30 data points to help you identify the right lender for you. We looked at loan amounts, fees, discounts and more to help find the best lender for certain borrower profiles.

The best personal loan lender can vary based on your needs and personal circumstances. MoneyGeek also summarized the application requirements for each lender, including the factors that can affect a borrower’s chances of getting a loan.

Best Overall Personal Loan Lender in Las Vegas: 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
Launched in 2013, LightStream is the online consumer lending division of Truist. Despite being a relatively new player in the lending business, it has built a solid reputation. It has an A+ rating from the BBB. You will also not have any difficulties transacting with this lender because it has an established presence in all 50 states, including Nevada.
LightStream grants personal loans of up to $100,000 for borrowers with a good to excellent credit score. It also offers generous repayment terms of up to 84 months, depending on your loan purpose. The online application process is easy and convenient. Loan disbursements are also provided on the same day that you apply, so it is a great option for someone who needs cash immediately.
Pros
A+ BBB rating
No prepayment fees
0.5% autopay discount
No late payment penalty
No employment or minimum gross income requirements

Cons
Conducts hard credit inquiry
Doesn’t accept borrowers with new or no credit history
Won’t accept co-signers
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

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
Upstart is an online lender that targets a relatively untapped niche market in the consumer lending industry. While most other lenders tend to decline loan applications from borrowers with a history of bankruptcies and delinquencies, Upstart gives these subprime borrowers a chance to redeem their credit scores. This makes them the best lender in Las Vegas for borrowers with bad credit.
This lender was founded in 2012 and uses artificial intelligence (AI) technology to evaluate data when reviewing loan applications. When checking your rate, it conducts a soft credit inquiry. Loan funds are also available within one to two business days, which is a perk if you need to use them quickly. There are also no prepayment fees to worry about, so you can choose to repay your loan at any time.
Pros
A+ BBB rating
Low minimum credit score requirement of 300
Low annual income requirement of $12,000
Conducts soft inquiry for credit checks
Joint loans available

Cons
Potentially high interest rates
Low borrowing limit of only up to $50,000
$15 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

Best Personal Loan Lender for Bad Credit in Las Vegas: Upstart

Best Personal Loan Lender for Good Credit in Las Vegas: 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
If you are fortunate enough to have a good credit score and a consistent income, you might consider getting a personal loan from SoFi. MoneyGeek identified SoFi as the best lender in Las Vegas for people with good credit. This company has been in the business of financing personal loans since 2011 and has an established presence in 49 states, including Nevada.
With SoFi, you can get loans for as little as $5,000 or as high as $100,000. There are also substantial savings with this lender since you don’t have to pay any origination fees, prepayment fees or late payment fees. Plus, it also offers an auto repayment discount of 0.25%.
Pros
A+ BBB rating
Does not charge origination fees, prepayment fees or late fees
Offers 0.25% discount for automatic repayment
Conducts soft credit inquiries
Has a mobile app

Cons
Requires a gross income of $50,000
Doesn’t allow co-signers
Loan approval can take a few days
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

Best Personal Loan Lender for Debt Consolidation in Las Vegas: 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
The most popular use for personal loans is debt consolidation. People use this option to combine high-interest debts into a single loan at a much lower interest rate.
MoneyGeek found that Upgrade is the best choice for borrowers in Las Vegas who intend to get a loan to consolidate their existing debts. This online lender launched in 2016 and has built a solid reputation, earning an A+ rating from BBB.
To qualify for a loan from Upgrade, you will need a credit score of at least 560. Also, be mindful of the potentially high interest rates and the restrictions on fund usage.
Pros
A+ BBB rating
No income requirements
Minimum credit score requirement of 560
Conducts soft credit inquiries
Autopay discount of 1.0%

Cons
Restrictions on fund usage
Origination fees of 2.9%–8%
$10 late fee
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

Best Personal Loan Lender for Home Improvement in Las Vegas: 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 is an online lender that started in 2014 and has been a leading provider of personal loans to borrowers across 47 states, including Nevada.
Based on MoneyGeek’s evaluation, Best Egg receives top marks when it comes to providing personal loans to finance your home improvement projects, including repairs and upgrades. It conducts a soft credit inquiry, which doesn’t hurt your credit score.
However, you need to meet the lender’s minimum FICO score of 700, and interest rates could be as high as 35.99%. The lender also charges an origination fee of 6% per loan transaction, which could quickly snowball into a significant amount of money.
Pros
A+ BBB rating
Direct payments for debt consolidation
Auto payment discount of 0.5%
Conducts a soft credit inquiry
Has a mobile app

Cons
Requires a minimum credit score of 700
Charges up to 6% origination fee
Doesn’t allow co-signers
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

How to Choose the Best Personal Loan Lender in Las Vegas For You

In Nevada, the average personal loan debt is $18,301. Borrowers often use personal loans to cover large purchases, emergency expenses or to consolidate debt. However, you need to consider your ability to pay before applying. MoneyGeek compiled steps that you can follow as you search for the best personal loans in Las Vegas.

Ask Yourself the Important Questions

We recommend asking yourself a few simple but important questions to determine if a personal loan is the best option for you. Getting a personal loan is a commitment that could take several years to pay off entirely, so you need to be certain that it’s a good solution for you.

Take the time to ask yourself the following questions:

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

Different lenders have varying interest rates, terms, conditions and fees. That is why you must do your own research by shopping around and comparing rates from multiple lenders. You can do this without applying for a personal loan, especially since some lenders do a hard credit check when you apply, which could hurt your credit score. Also, be mindful of any restrictions that lenders may have on the use of loan funds. Check if the loan you want to apply for can be used for your intended purpose.

Wait

Try to wait a day or two before coming to a final decision about applying for a personal loan. Take your time and assess your needs. By giving yourself a breather, you could gain a new perspective on your needs and whether taking a personal loan is a wise choice for you based on your financial situation. You may even be able to figure out a different way to fund your expenses.

Read the Fine Print

You should always review the rates and fees of a loan and be sure that you understand the technicalities and jargon that lenders use. For instance, some lenders may charge extra fees, such as origination fees, late fees and prepayment fees. Not everyone takes the time to read the fine print, but this is essential to make sure that you’ve covered all your bases before signing up for a loan. However, making sure you fully understand the terms of your loan can save you money.

Apply

Once you’ve picked out your preferred lender and carefully analyzed every term and condition they implement, you can proceed with your loan application. Most lenders will ask for your identification, proof of income and address verification. You can either complete your application online or go to the lending company’s physical office. Choose the option you are most comfortable with and move forward with submitting your application.

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

Loan applications can get denied for a variety of reasons. These include a low credit score, a high debt-to-income ratio, low income, incomplete paperwork or something as trivial as an innocent mistake when filling out your loan application form.

If you find yourself in this situation, MoneyGeek recommends that you contact the lender to find out why they declined your loan application. By learning the contributing factors that got your application denied, you could improve your odds of getting approved the next time you apply. Try making a few adjustments to your application, such as decreasing the loan amount or going for a shorter payment term. You should also ensure you fix any issues before applying with another lender so that you don’t have another application declined.

MoneyGeek advises against getting a payday loan. These short-term loans charge high interest rates and mandate short repayment periods, increasing your odds of going deeper into debt.

Frequently Asked Questions About Personal Loans in Las Vegas

The best personal loan company for you will depend on your specific needs and your borrower profile. MoneyGeek answered some of the most commonly asked questions about personal loans in Las Vegas to help you with your lender search.

Our Personal Loan 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 determined 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.