Best Personal Loans in Durham, NC: Top Lenders & Best Picks for You

When looking for a personal loan lender in Durham, consider Truist. MoneyGeek found this is the best overall personal loan lender in Durham.

It opened in 2019 after a merger between BB&T and SunTrust. Ever since, Truist Bank has provided various financial products, including personal loans.

This lender offers loans from $3,500 to $50,000, which can be repaid within six and 60 months. You could get your funds as quickly as the next day, and the money can cover travel, moving expenses, home improvement projects and medical fees.

Truist also provides a mobile app for quickly managing your accounts.

Pros

• Provides a mobile app
• No minimum credit score
• Zero origination fees
• Flexible repayment term

Upstart opened in 2012 and uses artificial intelligence (AI) to fund loans. This lender suits borrowers who need a personal loan and have poor credit scores. You can use loan proceeds for medical expenses, debt consolidation and more.

Upstart reviews borrowers' current employment status and gross income before it approves your application. Although this lender conducts soft credit inquiries, it will not affect your credit scores. This lender may suit you best if you need immediate funding since your money can arrive within a day or two.

Pros

• A+ BBB rating
• No limits on fund usage
• No prepayment penalty
• Low credit score requirement

In 2011, Stanford business school students founded SoFi, later becoming one of the most reliable choices for borrowers with good credit. Its good reputation makes it one of the best personal loans in Durham.

Borrowers who want to apply for a SoFi personal loan need at least a credit score of 680 and a yearly income of $50,000. SoFi offers a minimum loan amount of $5,000 and a maximum of $100,000.

If you involuntarily lose your job, SoFi offers an unemployment protection program. The lender temporarily pauses your payments and helps you look for work with job placement assistance.

Plus, you can easily manage your accounts with its mobile app.

Pros

• Has a mobile app
• Offers unemployment protection program
• Maximum of $100,000 loan amount
• Autopay discount of 0.25%
• No prepayment fees

Upgrade was founded in 2017. Since then, it's served more than 15 million people by providing more than $15 billion in affordable, responsible funding. If you’re keen on looking for personal loans in Durham, MoneyGeek recommends that you check the different loan options from Upgrade.

Upgrade requires a credit score of 560, and the maximum loanable amount is up to $50,000. The loan proceeds may be used to pay home improvement fees, credit card refinancing, debt consolidation and other hefty purchases.

You can apply through its website or branches.

Pros

• A+ BBB rating
• 1.0% autopay discount rate
• Soft credit inquiries
• Minimum of $1,000 loan amount

Best Egg was founded in 2014, is backed by Marlette Funding and operates in 47 states. MoneyGeek recommends that you check Best Egg if you need a home improvement personal loan in Durham.

Loan proceeds can be used for credit card refinancing, debt consolidation, home repair projects, logistics expenses, travel and more. This lender conducts soft credit inquiries that won’t affect your application.

Though Best Egg charges origination fees up to 8.99% of the loan amount and late fees, borrowers can apply online and get the funding within one to three days.

Pros

• A+ BBB rating
• Soft credit inquiry
• Maximum of $50,000 loan amount
• No prepayment penalty