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

MoneyGeek evaluated more than 30 data points to help us find the best personal loans in Newark. Still, the best personal loan for you will depend on your needs and qualifications. We broke down different factors to pinpoint the best lenders for borrowers with good credit, poor credit, those interested in debt consolidation and those looking for home improvement loans.

Best Overall Personal Loan Lender in Newark: 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


Best Personal Loan Lender for Bad Credit in Newark: 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 Newark: 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 Newark: 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 Newark: 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 Newark for You

Newark residents take out personal loans for various uses, including home improvements, weddings, vacations and medical fees. MoneyGeek recommends following these simple steps when looking for the best personal loans in Newark.


Ask Yourself the Important Questions

A personal loan may be a good solution for your financial needs. MoneyGeek recommends you answer the following questions to see if a personal loan is your best option:

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

Do Your Research

A personal loan is a long-term commitment, so evaluate your choices and ensure you have the facts and details before making a decision. MoneyGeek’s informative guide can help you understand the process of finding the best personal loans in Newark. You should always conduct your own research, as the best loan for you will depend on your specific situation.



Once you finalize your research, wait at least a day or two before starting your application. Use this waiting period to review your research and reassess your decision. Ensure you’re not making an impulsive decision.


Read the Fine Print

Every agreement has terms and conditions. Some lenders have origination fees, prepayment penalties or even late payment fees. Read your loan agreement’s fine print and become aware of all potential costs. Consult your lender if any terms are unclear.



After you select your lender, gather the materials you’ll need for your application, such as proof of income and IDs. Depending on the lender, you can usually apply online, by phone or in person. Again, don’t hesitate to ask questions during the application process.

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

A lender may deny your personal loan application for different reasons. The most common reasons include low credit scores, insufficient income, huge outstanding debt or incomplete requirements. Ask your lender why you were denied and whether reducing the loan amount or payment terms can help.

You can also apply with another lender but only do so after correcting the issues that got you denied the first time. For example, you can improve your credit score or reduce your debt-to-income ratio.

MoneyGeek strongly advises against payday loans, even if you need immediate funds. These come with significant interest rates and shorter repayment terms that can plunge you further into debt.

Frequently Asked Questions About Personal Loans in Newark

If you’re looking for a personal loan in Newark, you have several options. MoneyGeek answers commonly asked questions to help you find the best choice for you.

Our Personal Loan Methodology


For this article, we reviewed more than 30 personal lenders using more than 35 individual data points belonging to different key categories. These categories are accessibility, customer service, consumer friendliness, flexibility, lender transparency and loan affordability.

With each ranking criteria category, we examined many individual data points that we think are the most significant when picking a personal loan lender. These factors include the available loan amount, application fees, APR ranges, available loan amount, credit score requirement, disbursement time and income amount.

At MoneyGeek, we value you, the consumer. We strive to consider every lender’s customer service satisfaction, business ratings and unique features that will make your overall experience more accessible. Therefore, we prioritized your best interest when we made our top picks. We hope these recommendations and expert tips will help guide you choose the best lender for 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.