Top Lenders & Best Picks for You

Best Personal Loans in Ohio

Truist offers the best personal loans in Ohio. Truist provides low-interest rate loans that include an auto payment discount. Its loan products also lack origination fees, prepayment penalties and late payment fees.

Upstart is the best option if you have bad credit, while SoFi is best for borrowers with good credit. Upgrade is the best for debt consolidation, while Best Egg is ideal for home improvement financing.

Advertising & Editorial DisclosureLast Updated: 11/22/2022
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MoneyGeek’s Pick for Best Personal Loan Lender in Ohio: Truist

MoneyGeek provides evidence-based recommendations for the best personal loan lenders in Ohio, based on our analysis of more than 30 data points.

The top lender depends on your needs and circumstances, so our recommendations are for each borrower profile, such as if you have poor credit or need a loan for debt consolidation. We highlight the pros and cons per lender, as well as the factors that affect your odds of getting a loan. Use this guide to help you determine which lender will fit your specific needs.

Best Overall Personal Loan Lender in Ohio: 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

    on Truist Website

Best Personal Loan Lender for Bad Credit in Ohio: 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

    on Upstart Website

Best Personal Loan Lender for Good Credit in Ohio: 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

    on SoFi Website

Best Personal Loan Lender for Debt Consolidation in Ohio: 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

    on Upgrade Website

Best Personal Loan Lender for Home Improvement in Ohio: 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

    on Best Egg Website

How To Choose The Best Personal Loan Lender In Ohio For You

Unsecured personal loans can be very helpful to someone who needs to borrow as much as $100,000 for purposes ranging from debt consolidation to home improvement and more. The average personal loan debt in Ohio is $24,808.

Of course, there are a few things to consider before applying. These include your credit score, income stream and any current debts that you’re still paying off.

Use MoneyGeek’s guide to pick out the best personal loans in Ohio.


Ask Yourself the Important Questions

The first step is determining if a personal loan is right for you is to evaluate your purpose for getting the loan and exactly how much you need. Also, look at your capacity to make the payments and if you meet the lenders’ qualifications.

Ask yourself the following questions before making the long-term commitment of having a personal loan:

  • How much funding do you need? Don’t borrow more than your limit to pay back, and remember that every dollar borrowed carries interest.
  • What is your credit score? While you can certainly apply for a loan — even if you don’t meet the minimum credit score requirement — you may not be approved. Credit scores are important indicators of risk to lenders.
  • Can you afford the monthly payment with your current income? Do some rough calculations to see if you can carry the loan and still be able to meet your other financial obligations.
  • How much debt do you already have? You may wish to get rid of some existing debt to free up your debt-to-income ratio before applying for a personal loan.

Do Your Research

It is easy to get swayed by personal loans’ promise of low interest rates, flexible loan amounts and generous repayment terms — but it’s just as easy to get into bottomless debt.

Do your own research on factors that can affect you in the long run. For example, some lenders do a hard credit check that temporarily hurts your FICO score. Others impose restrictions on the use of loan funds, so if you are not careful, your loan might not be able to cover its intended purpose.

Use MoneyGeek’s guide to help you get started, then have a thorough look at the lenders. You’re the only one who knows your circumstances and whether a lender is the perfect fit for your needs.



We strongly recommend that you wait a day or two before deciding whether to get a personal loan and from which particular lender. You’ve already reviewed everything, so waiting may seem unnecessary, but that time allows you to re-assess whether a personal loan is the best option given your situation.


Read the Fine Print

Always read the fine print and be sure that you understand what it says. Some lenders charge extra fees, which you should be mindful of, such as origination or administration fees and prepayment penalties. Very few people take the time to do this, but these expenses can add up.



Once you’re ready to send in your personal loan application, make sure you have your proof of income or employment history, if required, at hand.

Some lenders have an entirely online application process; others have physical offices which you can call or visit if you feel more comfortable speaking directly with a representative. This is also recommended if you need to clarify a few concerns or understand some of the jargon in the loan agreement.

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

Don’t be discouraged if your loan application is rejected. There are many reasons lenders might deny personal loan applications in Ohio, such as a low FICO score or income or a high debt-to-income ratio.

MoneyGeek recommends that you get in touch with the lender to find out why they declined your loan application. Armed with this knowledge, you could improve your odds of getting approved by tweaking your application, like decreasing the loan amount or going for a shorter payment term. You also have a choice of either reapplying to the same company or getting a loan elsewhere.

We strongly caution against predatory financial arrangements, such as payday loans, even if you need the extra cash immediately. While these short-term loans will hand you your much-needed funds immediately, these come at a very high cost. The interest rates are extremely high and can quickly put you in a debt cycle.

Frequently Asked Questions About Personal Loans in Ohio

The best personal lender for you depends on your unique needs as well as your credit history and income profile. Here are answers to some of the most commonly asked questions about personal loans in Ohio to help you get started.

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We reviewed more than 30 personal loan lenders using 35+ individual data points across six key categories: loan affordability, accessibility, consumer friendliness, customer service, flexibility and lender transparency.

Within each ranking criteria category, we considered several individual data points that we feel carry the most weight when choosing a personal loan lender. These factors include APR ranges, available loan amount, minimum credit score, minimum income amount, application fees and disbursement time.

Here at MoneyGeek, we value you, the consumer, so we also factor in each lender’s customer support, business ratings and additional features that could make your experience easier and more accessible — like prequalification, payment options and mobile apps.

After careful consideration and calculation, our picks are decided and chosen with your best interest in mind. Our personal loan recommendations and expert tips are meant to help you make the best decision when choosing a lender that meets 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.