MoneyGeek's Picks for Best Personal Loan Lenders in Winston-Salem, NC

MoneyGeek considered over 30 data points, such as interest rates, loan terms, availability, supplemental costs, borrowing limits, disbursement periods, credit score requirements, benefits and usage restrictions, to evaluate the advantages and disadvantages of personal loan lenders in Winston-Salem.

According to our research, Truist offers the best personal loans in Winston-Salem. However, a different lender could be better for you based on your needs. For instance, Upstart is the ideal provider for people with bad credit, SoFi is the best choice for North Carolinians with excellent credit and Upgrade is our preferred debt consolidation lender.

Best Overall Personal Loan Lender in Winston-Salem: 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 Winston-Salem: 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 Winston-Salem: 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 Winston-Salem: 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 Winston-Salem: 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 Winston-Salem for You

Personal loans serve different uses, including home improvements, debt consolidation, car loans, moving expenses and paying for medical costs or college tuition. Lenders typically look at your credit score, income per month and debt-to-income ratio, among other factors, to determine whether you qualify for a personal loan. The average personal loan debt in North Carolina is $14,383 with an 8.72% personal interest rate.

MoneyGeek recommends taking the following actions to find the ideal personal loan lender in your area:


Ask Yourself the Important Questions

First, decide if a personal loan is your best choice. If so, determine which lenders' requirements you satisfy. Think about the following:

  • 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

Comparing lenders before submitting an application is a good idea. Remember that personal loans are costly, long-term commitments. The borrower usually completes payments in two to four years.

Additionally, some lenders perform hard credit checks, which could lower your credit score. Although MoneyGeek wrote this guide to help customers identify Winston-Salem's top personal loan providers, every client has different requirements. If our suggestions don’t exactly fit for your needs, look into other possibilities.



Once you've compared the features, offers, rates and expenses of various lenders, you should consider your options for a few days. Sit back and think about your financial obligations before you decide which lender is best for you. Carefully consider if this is the best course of action for you because getting a personal loan entails a significant financial commitment.


Read the Fine Print

After you decide on a lender, examine the personal loan’s fine print. Pay attention to items that could increase your costs, such as prepayment fines, early payout charges, late fees and origination costs. Knowing how much you might spend will help you plan for the future.



Once you've done your homework, read the fine print and pondered your choice, it's time to submit your application. By this point, you’ll know which lender you want to work with and have all the data you need to fill out an application. Lenders frequently need verification of a borrower's identity, place of residence and income throughout the loan application process. Feel free to give the lender a call or apply in person, even though others might find applying online more convenient.

What to Do if You Can’t Get a Personal Loan in Winston-Salem

If a lender denies your application, you don’t necessarily need to stop trying. Numerous factors, such as a lack of income, bad credit, a high debt-to-income ratio and a short work experience, could lead a lender to reject your application. Ask why your application was turned down and whether you can change some of your loan terms, such as the borrowing term or loan amount.

If you're having problems being approved, you could perhaps secure a loan with a co-signer or use collateral as security. You may also seek a loan from a different lender. However, you should hold off on doing this until you have fixed the issue that caused your application to be rejected.

Additionally, we caution against taking out payday loans. With brief repayment times and extremely high interest rates, this type of loan can have crippling effects on your finances.

Frequently Asked Questions About Personal Loans in Winston-Salem

The Winston-Salem personal loan company that’s best for you will depend on your specific circumstances. MoneyGeek answers commonly asked questions to help you through the process.

Our Personal Loan Methodology


Using a unique scoring rubric, our experts evaluated a range of personal loan providers in Winston-Salem based on six major categories: loan accessibility, affordability, lender transparency, customer service, customer friendliness and flexibility.

Within each category, we considered several factors, such as application fees, loan amounts available, minimum credit score required, disbursement time and APR ranges. We believe these factors play essential roles in determining the best personal loan provider for your needs.

Most importantly, we place emphasis on major factors for reliability, including business ratings, customer support and additional features, such as mobile app, to improve your experience. We aim to provide you with well-researched information so that you can make informed decisions.


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.