Best Personal Loans in Pennsylvania

Truist offers personal loans with fast funding. You can borrow anywhere from $3,500 to $50,000, with repayment terms ranging from six to 60 months. You won't have to worry about processing costs if you acquire a loan from Truist because they don't charge origination fees. However, they do not offer loan pre-qualification or an autopay discount, which are prevalent among other lenders.

Truist Bank emerged from the merger of BB&T Bank and SunTrust Bank in 2019. At present, many of its services need separate access for BB&T and SunTrust clients.

You don't have to be a current customer to borrow from Truist. Residents looking for the best personal loans in Pennsylvania with good credit should have no trouble getting authorized since Truist doesn’t require a minimum credit score.

Pros

• No origination fee
• No prepayment penalty
• No late fee
• Apply online

• APR range: 8.14%–18.99%
• Minimum/maximum loan amount: $3,500–$50,000
• Minimum credit requirements: None
• Repayment terms: Six–60 months
• Time to receive funds: Next day

Upstart is a well-known online lender that bills itself as an AI-powered lending platform making cheap credit more accessible to borrowers — great for Pennsylvania residents with poor credit. Based on MoneyGeek's analysis, Upstart is the best personal loan lender for bad or no credit in Pennsylvania.

The bank conducts an initial soft inquiry to avoid affecting your credit record. Once the borrower approves the rate and moves on with the application, it will undertake a hard inquiry.

Whereas other organizations may take a few days to a week to deposit funds, Upstart guarantees that 99% of its borrowers will have access to their funds the next business day. You can borrow anywhere from $1,000 to $50,000, with repayment terms ranging from 36 to 60 months. However, Upstart may not be the best option if you require a larger loan.

Pros

• Accepts borrowers new to credit
• Low credit score requirement
• Interest rates as low as 3.22%
• Conducts soft inquiry for credit checks
• Get funds within the next day

• APR range: 3.22%–35.99%
• Minimum/maximum loan amount: $1,000–$50,000
• Minimum credit requirements: 300
• Repayment terms: 36–60 months
• Time to receive funds: Next day

As you search for the best personal loans in Pennsylvania, SoFi is a well-known personal loan lender that you might consider if you have good credit. The bank offers loans with competitive interest rates and no fees and requires a minimum credit score of 680.

When you sign up for a SoFi loan, you can borrow from $5,000 to $100,000 if you require a hefty loan. You also get a range of special member advantages — including access to financial counselors and invitations to exclusive virtual events — in addition to low rates and no fees.

Borrowers may also be eligible for unemployment benefits. If you lose your employment, SoFi may temporarily adjust your payments. However, this lender may not be the best option for customers with bad to fair credit.

Pros

• No origination fees, prepayment penalties or late fees
• Lends up to $100,000
• Conducts soft credit inquiries
• 0.3% auto payment discount
• Mobile app for managing loans

• APR range: 5.74%–20.28%
• Minimum/maximum loan amount: $5,000–$100,000
• Minimum credit requirements: 680
• Repayment terms: 12–60 months
• Time to receive funds: Two days

A fintech startup founded in 2016, Upgrade provides various financial services, including personal loans, credit cards and free credit monitoring. For several reasons, Upgrade is MoneyGeek's top choice in the category of best personal loans for debt consolidation in Pennsylvania.

Upgrade’s personal loans range from $1,000 to $50,000, making it ideal for consumers seeking smaller loans. Upgrade distinguishes itself with offerings like rate discounts, in-person and online loan applications and a mobile app so you can manage your loans at your own pace.

It requires a minimum credit score of 560, so even those with poor credit may be eligible. However, an Upgrade personal loan may not work for you if you intend to use the borrowed funds for investment activities.

Pros

• Requires fair minimum credit score of 560
• Fast funding in as little as one day
• Conducts soft credit inquiries
• Mobile app for managing loans
• Apply in person or online

• APR range: 5.94%–35.47%
• Minimum/maximum loan amount: $1,000–$50,000
• Minimum credit requirements: 560
• Repayment terms: 36–60 months
• Time to receive funds: Same day

Best Egg has built its reputation as a trustworthy online lender since 2014. MoneyGeek names Best Egg as the best personal loan lender for home improvement in Pennsylvania.

You can borrow between $2,000 and $50,000 when you sign up for a Best Egg loan, and its Direct Pay option can help you qualify for a lower rate. The company typically funds loans within the next day. Depending on your loan, you can also get an interest rate as low as 4.99%.

However, Best Egg won’t approve a loan if your credit score is less than 700. This lender may also not be ideal if you need a loan larger than $50,000.

Pros

• No prepayment penalty
• No debt-to-income limits
• Loans start at just $2,000 in most states
• Conducts soft credit inquiry
• Mobile app for managing loans

• APR range: 4.99%–35.99%
• Minimum/maximum loan amount: $2,000–$50,000
• Minimum credit requirements: 700
• Repayment terms: 36–60 months
• Time to receive funds: Next day