Best Personal Loans in Greensboro, NC

HealthShare Credit Union stands out as the best personal loan lender in Greensboro, North Carolina, with a MoneyGeek score of 96 out of 100. It is federally insured by the NCUA and allows co-borrowers, providing additional security and flexibility to its borrowers. However, potential borrowers should be aware that membership is necessary to apply for a loan, and there's no option to prequalify, making the application process less straightforward compared to other lenders.

Laurel Road is recognized as the best online lender for personal loans in Greensboro, North Carolina, with a MoneyGeek score of 93 out of 100. Its personal loan products range from $5,000 to $45,000, and customers can choose repayment terms between 36 to 60 months. Laurel Road has the option for a 0.25% autopay discount and doesn't charge origination or prepayment penalties. However, borrowers should consider it sets a high minimum loan amount, and charges a late fee of either 5% or $28, which might be expensive for some. Additionally, a non-sufficient funds fee of $20 applies, indicating extra costs for those who might face banking errors or bounced payments.

Summit Credit Union ranks as the runner-up for the best personal loans in Greensboro, North Carolina, with a MoneyGeek score of 94 out of 100. It provides borrowers with several benefits, including being federally insured by the NCUA and holding a BBB rating of A+. Borrowers can also prequalify without affecting their credit score and manage their accounts on the go with its mobile app. However, there are a couple of things to consider before choosing this lender. Its personal loans have a borrowing limit of $20,000, and membership is required to apply. Additionally, it doesn't disclose its loan eligibility requirements, which could be a hurdle for some prospective borrowers.

Piedmont Advantage Credit Union is a suitable choice for personal loans in Greensboro, North Carolina, receiving a MoneyGeek score of 91 out of 100. It is federally insured by the NCUA and holds a BBB rating of A+, which builds trust and credibility. It also allows joint applications, providing flexibility for borrowers, and offers a .25% autopay discount, which can help to slightly reduce interest costs. However, it does not offer an option to prequalify, which may be inconvenient for those who prefer to check their eligibility upfront. The lender also has a late payment fee of 4%, which can add a significant cost if payments are delayed.

Self-Help Credit Union is another good option for personal loans in Greensboro, North Carolina, with a MoneyGeek score of 86 out of 100. It has a mobile app and a BBB rating of A+, which makes it convenient and trustworthy for borrowers. However, membership is needed to apply for a loan, and there is no option to prequalify, which could be limiting for some individuals.