Best Personal Loans in Paradise, NV: Top Lenders & Best Picks for You

LightStream is MoneyGeek's overall top provider of the best personal loans in Paradise, Nevada. It is the online consumer lending division of SunTrust Bank, which was established in 2013.

LightStream is the best option for borrowers in need of large sums of money because it offers a $100,000 loan and a payback period of two to seven years. The fund can be released as early as the same day of approval, which is perfect for those who need money right away. It has an A+ rating from the Better Business Bureau, and prepayments and late payments are not subject to penalties. There is no origination fee as well.

However, LightStream performs a hard credit pull that could lower your credit. In addition, if your credit score isn't at least 660, you won't be eligible. The borrowed money cannot be used to pay for expenses associated with higher education, acquisition of stocks and bonds or making a business purchase.

Pros

• $100,000 borrowing limit
• No origination fees
• No late fees

One of the biggest reasons that Upstart, a company founded in 2012, is our top choice for personal loans for people with bad credit is its minimum credit score requirement of 300. It also conducts a soft credit check, which means that until you commit to the company, inquiring about your rates won’t further hurt your credit. People who want to build their credit and need personal loans should consider Upstart.

On the flip side, consumers with terrible credit must be prepared for a possibly high APR. Upstart allows borrowing up to $50,000, which is a modest sum. Although it offers a 10-day grace period for late payments, it’s still better to avoid them, especially for policyholders who want to build their creditworthiness.

Pros

• Low credit score requirement
• Soft credit check
• No prepayment penalty
• A+ BBB rating

When SoFi first launched in 2011, it focused on refinancing student loans. These days, the business also provides mortgages, personal loans and other financial services. It’s even MoneyGeek's choice as the best personal loan provider in Paradise for people with good credit.

In addition to the $100,000 borrowing limit, SoFi also lets you apply for a combined loan with a co-borrower, who helps you qualify for the loan and assumes responsibility for payments. Co-signers are not, however, permitted. The lender even provides a number of useful member perks, such as different loan options and unemployment insurance.

Perhaps the biggest downside to SoFi is its minimum credit score requirement of 680. Individuals who don’t meet the lender’s minimum gross income requirement are also not eligible.

Pros

• Can lend up to $100,000
• Soft credit pull
• No prepayment penalty and late payment fees
• No origination fees
• A+ BBB rating

According to our research, Upgrade provides Paradise residents with the best personal loans for debt consolidation. The business was established in 2016 and offers credit cards, auto loans, secured and unsecured personal loans and reward checking accounts.

Upgrade will make a direct payment to your creditors if you plan to use the loan for debt consolidation. It also has the capability to send funds as soon as after approval, making it perfect for last-minute payments to meet deadlines for repaying debt and avoid paying higher interest. Upgrade even does a light credit pull and does not impose prepayment penalties.

It's helpful for borrowers looking for small- to medium-sized loans to consolidate debts because the available funds range from $1,000 to $50,000. However, users should be wary of the maximum APR.

Pros

• A+ BBB rating
• Soft credit inquiry
• No prepayment penalty
• Fair minimum credit requirement

Best Egg provides the best personal loans for home improvements in Paradise, according to our study. The business is owned by Marlette Holdings, Inc., a provider of financial services.

Borrowers can prequalify online with Best Egg, which first does a soft credit inquiry that has no impact on their credit scores. The borrowers often have the loan funds in their bank accounts a day following their approval. You can borrow money from Best Egg for home renovation projects, including replacing the garage door, remodeling the kitchen, installing new siding and building a deck or patio. The loan amounts range from $2,000 to $50,000.

However, the APR for Best Egg can be high. Best Egg also includes an origination charge.

Pros

• No prepayment penalty
• A+ BBB rating
• Soft credit check