Best Personal Loans in Raleigh, NC

Coastal Credit Union is the best personal loan lender in Raleigh, North Carolina, with a MoneyGeek score of 99 out of 100, recognized for providing quality service, competitive interest rates, and flexible repayment terms, while Laurel Road is the best lender for online personal loans, scoring 93 out of 100 for its strong customer service, quick application and approval process, and overall credibility and transparency.

We prioritized local lenders and scored them based on factors like interest rates, loan terms, loan application process and speed of loan funding to gather our best city recommendations. If you're looking for national lenders, we compiled our top picks in best personal loans in North Carolina.

The United States Census Bureau reported that the median annual household income in Raleigh, North Carolina in 2022 was $75,424. Regardless of whether your actual income is above or below this median value, what matters is your ability to afford the monthly loan payments. Use our personal loan calculator to estimate your monthly loan payments and the total cost of the loan by entering the loan amount, rate and terms.

For example, if you take out a $10,000 personal loan with a 10% interest rate and three years in repayment terms, your monthly loan payment would be $323, totaling $3,876 per year. This amount represents approximately 5% of the median annual household income in Raleigh, North Carolina.

Borrowers in Raleigh, North Carolina looking for the best personal loans who also value in-person services can choose from a selection of national lenders with local branches. These residents have the advantage of working with respected lenders such as Truist, Fifth Third Bank, Wells Fargo, PNC and OneMain Financial, all of which offer various personal loan options to meet their financial needs.

We addressed frequently asked questions about the best personal loans in Raleigh, North Carolina, offering valuable insight to assist in your decision-making process.