MoneyGeek's Picks for Best Personal Loan Lenders in Toledo, OH

To identify the top personal loan lenders in Toledo, MoneyGeek examined more than 30 different data points. Based on the data we gathered, we selected the best lenders for those with good credit, bad credit and those looking for debt consolidation or home improvement loans.

We used average consumer profiles in ranking these lenders. The best personal loan will depend on your financial status, needs and preferences. Our recommendations can serve as a guide to help you start the decision-making process.

Best Overall Personal Loan Lender in Toledo: 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 Toledo: 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 Toledo: 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 Toledo: 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 Toledo: 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 Toledo for You

In Ohio, the average personal loan debt is $24,808, and the average APR is 8.94%. Borrowers use personal loans for reasons ranging from debt consolidation to home improvement.

MoneyGeek outlined the following steps to help you find the best personal loan in Toledo for your needs.


Ask Yourself the Important Questions

Determine the loan’s purpose and ask yourself the following questions before applying for a loan:

  • How much money do I need?
  • What is my credit score?
  • Can I afford the monthly bill?
  • How much are my existing debts?

Do Your Research

A loan is a long-term commitment where you’ll pay monthly installments for two to four years, on average. Some lenders conduct hard credit inquiries during the application process, which can hurt your credit score. Research Toledo lenders carefully. MoneyGeek suggests top picks for different types of customers. Our information and suggestions are based on the typical borrower profile, so always conduct research based on your personal needs and finances.



After you’ve researched and considered your options, wait a day or two. Take time to ensure a personal loan is your best option and that your chosen lender best meets your needs.


Read the Fine Print

It's simple to overlook details of your loan, especially when you're trying to process a lot of information. Carefully review the loan agreement and read the fine print. Pay close attention to any costs associated with your loan, such as the origination fee, late fee and prepayment penalties, so you are not surprised down the road.



Every lender has a different application process. Depending on your lender, you can apply online, in person or over the phone. You’ll need to provide identification, address verification, proof of income and additional documents. When filling out the application, double-check the accuracy of your information to avoid any hiccups that can cause delays.

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

Lenders frequently reject loan applications for various reasons, including poor credit, insufficient income and a high debt-to-income ratio. If your application has been rejected, get in touch with your lender right away. Ask why you were turned down for a loan and whether you can change your application to make it more favorable for the lender. For example, you can decrease the loan amount or payment terms.

Try to address the cause of your rejection before applying with another lender. For example, you can work on improving your credit score or reducing your debt-to-income ratio. In the meantime, MoneyGeek does not recommend payday loans. Although these loans provide quick funds, they come with very high interest rates that can sink borrowers further into debt.

Frequently Asked Questions About Personal Loans in Toledo

Your credit history and income will determine which personal loan works best for you. Individual factors and preferences may also affect your top pick for a personal loan. To assist you in choosing a lender, MoneyGeek answered frequently asked questions about personal loans in Toledo.

Our Personal Loan Methodology


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

Within every ranking category, we focused on multiple individual data points that we think contribute the most to picking a personal loan lender. These factors are APR ranges, loan amount range, minimum credit score requirement, minimum income needed, application fees and fund disbursement time.

MoneyGeek prioritizes you, the consumer, so we pay attention to customer support and ratings, along with additional features that improve the user experience and accessibility. Examples of these features are prequalification, payment options and mobile apps.

We analyze, calculate and determine our picks with your best interests in mind. Our guides, recommendations and expert tips aim to help you find the best lender for 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.