Top Lenders & Best Picks for You
Best Personal Loans in Tulsa, OK
Updated: December 28, 2023
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- The Best Overall Personal Loan Lender in Tulsa
- The Best Personal Loan Lender for Bad Credit in Tulsa
- The Best Personal Loan Lender for Good Credit in Tulsa
- The Best Personal Loan Lender for Debt Consolidation in Tulsa
- The Best Personal Loan Lender for Home Improvements in Tulsa
- How to Choose the Right Personal Loan for You
- Frequently Asked Questions About Personal Loans in Tulsa
MoneyGeek’s Pick for Best Personal Loan Lender in Tulsa: LightStream
MoneyGeek analyzed more than 30 data points to evaluate the pros and cons of personal loan offerings from multiple lenders. Our findings can help you determine the best personal loans in Tulsa, Oklahoma for you.
We evaluated factors like loan amounts, credit score requirements, fees, discounts and more. Since the best company for you can vary based on how you plan to use the loan and your borrower profile, make sure you select the company that best fits your needs.
Best Overall Personal Loan Lender in Tulsa: LightStream
Best Personal Loan Lender for Bad Credit in Tulsa: Upstart
Best Personal Loan Lender for Good Credit in Tulsa: SoFi
Best Personal Loan Lender for Debt Consolidation in Tulsa: Upgrade
Best Personal Loan Lender for Home Improvement in Tulsa: Best Egg
How to Choose the Best Personal Loan Lender In Tulsa for You
If you find yourself in need of a personal loan, you are not alone. In fact, the average personal loan debt in Oklahoma is $15,293. These loans come with an interest rate of about 9.73%. There are many factors to consider before applying for a personal loan, such as your credit score, income and any current debts. Below are a few steps that you might want to follow to find the best personal loans in Tulsa.
Ask Yourself the Important Questions
The popularity of personal loans has grown rapidly due to their accessibility and the financial flexibility that it offers borrowers. However, just because it is a popular form of consumer debt doesn’t mean that it is a perfect fit for your needs. MoneyGeek recommends answering a few simple questions to determine if a personal loan is the best option for you:
- How much funding do you need?
- What is your credit score?
- Can you afford the monthly payment?
- How much debt do you already have?
Do Your Research
MoneyGeek crafted this guide to help you jumpstart your search for the best personal loans in Tulsa. Keep in mind that our recommendations are generalizations and may not be a perfect fit for your particular situation or needs. You still need to do your own due diligence before applying for a personal loan. Shop around, compare loan offerings from multiple lenders and review your options so you can make the right choice.
Wait
Now that you’ve narrowed your choices, give yourself time to relax and assess your decision more objectively. Try to resist the urge to apply right away. You might be surprised at how your emotions and decisions could change within a day or two. You just might find yourself not really needing that big purchase, or you may find another way to fund it.
Read the Fine Print
Don’t forget to evaluate the small details of your loan application and terms. Check the fine print if there are any origination fees, late fees or early payoff fees. Now is the time to ask questions and get clarification from the lending company’s representative. This could save you from paying unexpected charges in the future.
Apply
Once you’ve completed all the previous steps, you are ready to submit your personal loan application. Most lenders will ask for your identification, proof of income and address verification. Additionally, many companies have a convenient online loan application process. However, you may also opt to call or visit their office if that option is available so that you can complete an application in person and get any additional questions you may have answered.
What to Do if You Can’t Get a Personal Loan in Tulsa
It is easy to feel disheartened if your loan application gets denied, but don’t let this setback bring you down. Many borrowers get denied for various reasons, such as having a bad credit history, an insufficient income, a high debt-to-income ratio or an incomplete application.
The best thing to do in this situation is to take a moment and ask the lender why your application was denied. Once you learn the reasons behind their decision, you could be in a better position to make modifications to your application. You can reapply, and you will have better odds of being accepted if you make a few necessary changes to your application, like asking for a lower loan amount or extending your payment terms.
However, we caution you against getting quick cash through payday loans. These loans can impose severely high interest rates and require you to pay back your loan quickly.
Frequently Asked Questions About Personal Loans in Tulsa
There are many personal loan options to choose from in Tulsa, but the best one for you will depend on your personal needs and financial profile. Below are answers to some of the most common questions about personal loans in Tulsa.
LightStream is the best personal loan lender in Tulsa. However, the best option for you will depend on your specific needs and borrower profile.
Upstart offers the lowest interest rates for personal loans in Tulsa. Depending on the loan and the borrower, the interest rate could be as low as 3.22%.
You can generally use a personal loan for a vacation. However, you will want to check with your lender first to see if there are any restrictions on the use of loan funds for vacation purposes.
Yes, you can use your personal loan for home improvement. MoneyGeek found that Best Egg is the best lender in Tulsa for this purpose.
Lenders may impose restrictions on the usage of loan funds, so it is always best to read the fine print. For example, some lenders will not allow you to use your loan to fund post-secondary education, investments or gambling activities.
Your lender will set the maximum amount of money that you can borrow depending on your capacity to pay. Some may let you borrow up to $100,000, while others could cap it at $50,000 or less.
The length of the loan application process depends on your lender. For instance, with LightStream, you can receive your loan funds on the same day as you applied. On the other hand, SoFi could take up to a week to release your funds.
Yes, you can choose to pay your personal loan early in Tulsa. However, you will want to check with your lender to determine if there are any penalties for paying off your loan early.
Our Personal Loan Methodology
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 determined 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.