Top Lenders & Best Picks for You

Best Personal Loans in Las Vegas, NV

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Updated: December 28, 2023

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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
    LightStream

  • 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
    Upstart

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
    SoFi

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
    Upgrade

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
    Best Egg

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.

1
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:

  1. How much funding do you need?
  2. What is your credit score?
  3. Can you afford the monthly payment?
  4. How much debt do you already have?
2
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.

3
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.

4
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.

5
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.

What is the best personal loan lender in Las Vegas?
Which lender in Las Vegas has the lowest interest rate?
Can I use a personal loan for vacations in Las Vegas?
Can I use a personal loan for home improvement in Las Vegas?
What can I not use my personal loan for in Las Vegas?
How much can I borrow in Las Vegas?
How long does it take to get a personal loan in Las Vegas?
Can I pay off my loan early in Las Vegas?

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.

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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.