MoneyGeek's Picks for Best Personal Loan Lenders in Reno, NV

MoneyGeek looked at more than 30 data factors to determine our rankings and top picks for the best personal loans in Reno. We analyzed a range of factors to find the best lenders for borrowers with good credit and bad credit histories.

We also found the top lenders for debt consolidation and home improvement loans. These profiles are based on an average consumer, so the best personal loan for you will depend on your financial situation, needs and preferences.

Best Overall Personal Loan Lender in Reno: 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


Best Personal Loan Lender for Bad Credit in Reno: 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


Best Personal Loan Lender for Good Credit in Reno: 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


Best Personal Loan Lender for Debt Consolidation in Reno: 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


Best Personal Loan Lender for Home Improvement in Reno: 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

Where to Start: How to Choose the Best Personal Loan Lender in Reno for You

The average personal loan debt in Nevada is $18,301 with an average APR of 9.16%. These loans are used for different reasons. Whether you need funds for a home improvement project or to pay off your debts, consider your credit score and funding needs before applying.

MoneyGeek prepared a guide to help you get started with the application process. We recommend following these steps to find the best personal loan in Reno.


Ask Yourself the Important Questions

There are a lot of factors to consider when getting a loan. Therefore, it’s important to know the reasons you’re getting a loan. Then, you’ll know how much you need and whether you can repay the loan over time.

Here are a few questions you can ask yourself before applying for a personal loan:

  • How much funding do I need?
  • What is my credit score?
  • Can I afford the monthly payment?
  • How much debt do I already have?

Knowing these details allows you to assess your financial status. Take note that the best personal loan in Reno ultimately depends on factors that are specific to your needs.


Do Your Research

Taking out a loan is a huge commitment. You’ll have to pay in monthly installments for around two to four years on average. Because of this, you need to be sure about your choice of lender. The best way to pick one is by exploring your options.

Consider comparing rates to find which one fits your budget the best. MoneyGeek provides guides that include our top picks for different consumers. Although we do our best to provide accurate information and recommendations, these are all generalizations based on an average borrower profile. At the end of the day, your financial situation and personal needs strongly influence your decision.



You might still be debating if you should get a loan or not. You could also be confused about which lender to choose. Therefore, it’s important to give yourself time to deliberate on your options, preferences and needs.

Waiting a day or two before finalizing your decision helps you make a more thought-out choice. It will also help you reconsider your options and weigh the pros and cons of your options.

Remember that having a loan entails a lot of commitments, from hard credit checks to monthly payments. You need to be absolutely confident about your choice.


Read the Fine Print

It’s easy to miss some details, especially when you’re thinking about a wide range of factors when getting a loan. To make sure that you’re not getting into a borrowing trap, it’s important to check the fine print.

Reading the fine print allows you to see even the tiniest of details about your loan. When you’ve decided on your lender, go over the loan agreement and take your time.

Focus on the fees, like the prepayment penalties, late fees, origination fees and other additional fees that come with your loan. Paying close attention to detail can save you a lot of money in the long run.



Once you’re confident about your decision and you’ve familiarized yourself with the details of your loan, it’s time to apply. The application process varies with every lender, but it’s standard procedure to ask for identification, address verification and proof of income. More importantly, make sure that you provide the correct information in your application to avoid delays in the process.

Some lenders allow you to apply online via their official website. Others may need you to visit their office or contact their representative over the phone. Either way, you need to choose the method that you’re most comfortable with.

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

Loan applications are denied due to many reasons, like low credit score, insufficient income, inaccurate information and more. It’s all right if you’ve been denied a loan since there are ways to improve your application.

The first thing you should do is contact your lender and ask them why you’ve been denied a loan. Knowing the exact reason means you can work on it or make a few changes.

For example, you can confirm or correct certain information if you’ve made a mistake. You can also extend the repayment term to lessen your monthly payments so it can fit your budget.

It’s better to work on the reason first before applying for a loan from a different lender. Otherwise, the new lender may reject you again for the same reason as your previous lender.

MoneyGeek advises against payday loans. Even though they’re much faster and easier to get, these loans often have large interest rates that make them difficult to pay back.

Frequently Asked Questions About Personal Loans in Reno

The best personal loan in Reno depends on your credit profile and other income factors. MoneyGeek answered the most common questions about personal loans in Reno to help you decide on which lender to pick.

Our Personal Loan Methodology


We evaluated more than 30 personal loan lenders using 35+ distinct data points across six key categories: 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.

We took into account a number of distinct data elements that we believe are most important when selecting a personal loan lender under each category. These variables include the APR ranges, the maximum loan amount, the required credit score, the required minimum income, the application cost and the disbursement period.

MoneyGeek values every consumer. We consider the quality of a lender’s customer support, ratings and other features that could make your experience smoother and more accessible. Some of the features we look for are prequalification, payment options and mobile apps.

We’ve considered these calculations carefully to find our top picks. We guarantee that we’ve determined these rankings with your best interest in mind. Our goal is to help you make the best decision when choosing a lender with our personal loan recommendations and expert tips.


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.