Best Personal Loans in Jersey City, NJ: Top Lenders & Best Picks for You

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Edited byAshley Jacobs
Edited byAshley Jacobs

Updated: December 28, 2023

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MoneyGeek's Picks for Best Personal Loan Lenders in Jersey City, NJ

There are many types of personal loans for different borrower needs. Knowing that borrowers tend to get overwhelmed with their options, MoneyGeek ranked personal loan lenders in Jersey City to make finding a suitable lender easier. More than 30 data points are reviewed in order to determine the best match for your financial emergency.

We also evaluated the best lenders for different borrower profiles to help you find the ideal option for your unique needs. We looked at lenders for people with good credit, bad credit, debt consolidation needs and more.

Best Overall Personal Loan Lender in Jersey City: Truist

  • Truist

    • 8.14% to 18.99%APR Range
    • NoneMinimum Credit Score
    • $3,500 to $50,000Loan Amount Range
    • 6 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds

    Truist is considered the best personal lender in Jersey City overall for a variety of reasons. It has one of the most flexible repayment terms starting at six months and going up to 60 months. Borrowers can borrow as much as $50,000 and receive it as early as the next day.

    With Truist, there are no origination fees, prepayment penalties or late fees. It does not require a minimum credit score, which means all loan applicants who are qualified can get funding approval. You can easily apply through the online portal.

    However, it does have specific fund usage restrictions that you may want to verify before applying.


    • A+ BBB rating
    • Autopay discount
    • No credit score requirement
    • Doesn’t charge origination fees
    • No late or prepayment penalties


    • Hard inquiry
    • Limits on fund usage
    • No co-signers
    • Potentially high APR ranges
    • Low maximum loan amount

Best Personal Loan Lender for Bad Credit in Jersey City: 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

    Upstart is the best personal loan lender in Jersey City for those with bad credit. Personal loans from Upstart range from $1,000 to $50,000, with fixed APR rates depending on the borrower's creditworthiness. The repayment period ranges from 36 to 60 months.

    Personal loan applications are approved in minutes by an online lending platform that uses artificial intelligence (AI) to determine your eligibility. Funds can be received within the next business day. However, although it considers low credit scores, it does evaluate other factors, such as education and employment history, in order to offer a lower interest rate and a larger loan amount.

    Getting a personal loan can be difficult for those with fair or bad credit scores. MoneyGeek ranked lenders that offer personal loans for bad credit as well as personal loans for fair credit.


    • A+ BBB rating
    • Low credit score requirement
    • Initial soft credit inquiry
    • No prepayment penalties


    • Potentially high interest rates
    • Low maximum loan amount
    • Doesn’t allow co-signers
    • Income requirements
    • Doesn’t allow people with new or no credit

Best Personal Loan Lender for Good Credit in Jersey City: 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

    SoFi is the best personal lender in Jersey City if you have a good-to-excellent credit score. You can borrow anywhere from $5,000 to $100,000. Funds can be received within two days.

    Borrowers can receive a 0.25% autopay discount if they agree to have monthly payments deducted automatically from a savings or checking account. Another advantage of obtaining a personal loan from this lender is its Unemployment Protection program, which temporarily reduces your payments until you find new employment.

    SoFi does have stricter requirements for approval, such as a minimum credit score of 680. You must also show proof of income.


    • A+ BBB rating
    • Autopay discount
    • No origination fees
    • No prepayment penalties
    • Unemployment protection


    • Requires good-to-excellent credit score
    • Minimum gross income requirement
    • No co-signers
    • Won’t accept people with new or no credit

Best Personal Loan Lender for Debt Consolidation in Jersey City: 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

    Debt consolidation loans allow you to combine multiple debts into a single monthly payment with a lower interest rate. This can help you save a lot of money. For those in Jersey City looking to consolidate multiple debts, MoneyGeek recommends Upgrade as the best personal loan lender. It has a quick and easy application process as well as quick funding.

    Borrowers can get up to $50,000 in funds with a flexible repayment term with Upgrade.

    However, this lender has a high one-time origination fee that is deducted automatically from the loan proceeds. You may also incur late fees if you don’t make your payments on time.


    • A+ BBB rating
    • Moderate credit score requirement of 560
    • Autopay discount
    • Conducts soft credit inquiry
    • No prepayment fees


    • Doesn’t accept co-signers
    • Origination fees
    • Late fees
    • Won’t accept people with new or no credit
    • Fund usage restrictions

Best Personal Loan Lender for Home Improvement in Jersey City: 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 provides secured and unsecured personal loans and is supported by Marlette Funding, a leading fintech lending and credit operator.

    This lender makes home improvement funding much simpler, earning it the title of the best personal lender in Jersey City for this specific loan purpose. Borrowers can borrow from $2,000 to $50,000. Repayment terms range from 36 to 60 months.

    Borrowers must have a credit score of at least 700 to qualify. In addition, they must be able to provide proof of income in order to receive the lowest APR.


    • A+ BBB rating
    • Autopay discount
    • Soft credit inquiry
    • No prepayment penalty


    • Requires a high minimum credit score
    • Income requirements
    • Charges origination fees
    • Has a late fee
    • No co-signers
    Best Egg

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

A borrower’s creditworthiness determines whether they might be approved for a personal loan and how much they can borrow. For example, borrowers in Jersey City with a credit score higher than the average of 729 may have more options and typically get lower interest rates than someone with a lower score.

Here are steps borrowers must follow when deciding to get a personal loan in Jersey City.

Ask Yourself the Important Questions

Asking the right questions, such as how much funding you need, whether your current credit score qualifies your lender’s requirements, how much monthly payments you can afford and how much debt you already have, can help you further decide whether it is a smart financial decision to take out a personal loan right now. Knowing the answer to these questions can help you narrow down which lender might be the best fit for your needs.

Do Your Research

MoneyGeek’s comprehensive guide and rankings help you find the best personal loan lenders in Jersey City. However, our generalizations may not be able to address your unique situation. Doing your own research allows you to find the most suitable option for you. Compare rates from various lenders to get a full picture of your options. Do keep in mind that this is a big financial commitment that will last for two to four years on average, so doing your due diligence is critical.


Even if you have decided on a lender, it is best to wait a few more days before making a final decision. It’s important to revisit the benefits and risks of a personal loan before taking one out. This can increase your confidence in your decision. Alternately, it might help you come up with another solution that might better meet your funding needs.

Read the Fine Print

Too many borrowers fail to read the fine print, which ends up causing problems in the long run. Aside from the monthly costs, you may want to include other fees in your budget, such as origination fees, late payment fees and prepayment penalties. These are things often missed when researching personal loans. Making sure you know all the potential fees associated with your loan can save you money in the long run.


Once you are confident in your decision, it's time to prepare your identification, address verification, proof of income and other documentation that your lender will require during the application process. Some lenders allow you to apply online, but you can also call or visit the lender if you find this to be a more secure option. Applying in person may help you in your application process if you have any questions.

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

Whether or not you will be approved for a loan depends on your creditworthiness and various other factors. If your application is rejected, MoneyGeek recommends doing a few things.

Contacting your lender and asking the exact reason why you were denied can help you either modify details in your application, such as decreasing your loan amount or decreasing your loan term, to be approved. If absolutely necessary, you can improve on whatever factor caused your application to be denied and reapply after a couple of months, either with the same lender or a different one.

Be careful, as there are personal loan types that you should avoid. One of these is payday loans, which come with unrealistic repayment terms. You may opt for balance transfer credit cards instead of a personal loan to consolidate debt or home equity loans and HELOCs when renovating a home.

Frequently Asked Questions About Personal Loans in Jersey City

The best personal loan lenders in Jersey City depend on a borrower’s unique financial situation. We’re here to answer some of your questions about personal loans in Jersey City.

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

Our Personal Loan Methodology


We evaluated over 30 personal loan lenders based on 35+ individual data points in six key categories, including loan affordability, accessibility, consumer friendliness, customer service, flexibility and lender transparency.

We considered several individual data points within each ranking criteria category that we believe carry the most weight when selecting a personal loan lender. APR ranges, available loan amount, minimum credit score, minimum income amount, application fees and disbursement time are among these factors.

We value you as the consumer, so we consider each lender's customer service, business ratings and additional features that could make your experience easier and more accessible, such as prequalification, payment options and mobile apps.

Our decisions are made with your best interests in mind. Our personal loan recommendations and expert advice are designed 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.