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Best Personal Loans in Pittsburgh, PA

If you have a significant expense coming up or face an emergency, you can get a personal loan to cover it. People usually take out personal loans to fund major expenses like weddings, funerals, home renovations, medical bills or relocations. MoneyGeek's research shows that Pennsylvania's average personal loan debt is $27,165.

When you apply for a personal loan, the lenders analyze your credit score, income details, debt-to-income ratio and collateral (in the case of a secured personal loan). MoneyGeek researched different lenders that offer the best personal loans in Pittsburgh, PA, to help you find the right option that fits your needs.

Last Updated: 6/9/2022
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MoneyGeek’s Pick for Best Personal Loan Lender in Pittsburgh: Truist

MoneyGeek analyzed the personal loan products of many different lenders and found the ones that offer the best personal loans in Pittsburgh, PA. Our analysis was based on BBB rating, loan amount, repayment term length, interest rates, origination fee, credit score requirements, income requirements, debt-to-income ratio and many other important attributes.

MoneyGeek’s analysis shows that Truist is the best personal loan lender in Pittsburgh. That said, Upstart and SoFi offer the best personal loans for Pittsburgh residents with bad and good credit, respectively.

Best Overall Personal Loan Lender in Pittsburgh, PA: 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 Recieve Funds

    on Truist Website

Best Personal Loan Lender for Bad Credit in Pittsburgh, PA: 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 Recieve Funds

    on Upstart Website

Best Personal Loan Lender for Good Credit in Pittsburgh, PA: 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 Recieve Funds

    on SoFi Website

Best Lender for Debt Consolidation in Pittsburgh, PA: 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 Recieve Funds

    on Upgrade Website

Best Lender for Home Improvement in Pittsburgh, PA: 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 Recieve Funds

    on Best Egg Website

HOW TO CHOOSE THE BEST PERSONAL LOAN LENDER IN Pittsburgh, PA FOR YOU

In Pennsylvania, the average personal loan debt is $27,165. While it’s perfectly fine to take out a loan to cover any upcoming or emergency expenses like medical bills, funerals, home improvements, debt consolidation or any other significant expense, you should always analyze your needs and financial situation first to choose the best option for you.

MoneyGeek recommends that you follow the steps below when looking for a personal loan provider.

1

Ask Yourself the Important Questions

It’s essential to consider a few things before applying for a loan. You can start by analyzing your current financial situation and whether getting a personal loan would positively affect it. See if you can cover your emergency needs or expenses in any other way, as a personal loan is a long-term commitment that can take a few years to pay off.

Also, if you have any existing debt, it might be difficult for you to make monthly payments on the new loan. Lenders often have different requirements like income limits and minimum credit scores. Determine if you meet those requirements. You should ask yourself the following questions before proceeding:

  1. How much funding do I need?
  2. What is my credit score?
  3. Can I afford the monthly payment?
  4. How much debt do I already have?
2

Do Your Research

Each lender follows different criteria for analyzing your application and giving you a quote. Since the terms, conditions, rates and fees vary across different companies, they all follow various methods to process your application. MoneyGeek researched and analyzed the best personal loan options for you in this guide and reviewed the top companies' personal loan products.

It's also a good idea to do your own research by shopping around and comparing the rates of different lenders. This is important as you'll be paying off your loan for an extended period (2–5 years), and it might affect your long-term personal goals.

Also, do not apply for a personal loan until you have compared different lenders, as many lenders perform a hard credit check when you apply, which can negatively affect your credit scores.

3

Wait

Once you’re done comparing different lenders based on their features, offers, rates and fees, you should wait a few days to think through your decision. Take your time, think about your financial obligations and determine which lender would best fit your needs. As getting a personal loan is a big commitment, it’s best to reassess if taking one out is the best option for your financial situation.

4

Read the Fine Print

You should always look at the rates and fees associated with the personal loan before submitting an application. You will find this information in the lender’s loan agreement. While inquiring about the loan, it’s best to ask the lender about any upfront or hidden costs, including pre-payment penalties, late payment fees and origination fees.

It’s important to go through the fine print of the personal loan thoroughly to understand how much you would be paying for it and whether your financial situation would allow you to continue making payments in the long run.

5

Apply

After you have made the final decision about the lender and analyzed every important factor, you can proceed with the application. At this point, you should have gathered all the information the lender might ask for while submitting the application.

The lender will require personal identification, income details and address verification at this stage. There are many different ways of submitting an application. The easiest option would usually be to apply online. However, you can also call or visit the lender if available.

What to Do if You Can’t Get a Personal Loan in Pittsburgh, PA

You can be denied a personal loan for many different reasons, including bad credit scores, high debt-to-income ratio, low income, unstable employment or incomplete paperwork within your application. However, in many situations, the primary reason behind a denied loan is a low credit score.

The best way to proceed is to ask the lender to provide you with the reason for the denial of the loan application and work with them to improve it. While it may be tempting to apply with a different lender, you should avoid doing so until you have improved whatever factor caused you to be denied in the first place.

MoneyGeek advises against getting a payday loan as it has very high interest rates and can cause you to accumulate a lot of debt if you cannot make the payment on time.

Frequently Asked Questions About Personal Loans in Pittsburgh, PA

The best personal loan lender in Pittsburgh for you will depend on your needs, credit score and income requirements. MoneyGeek gathered answers to the following frequently asked questions to help you choose the right option.

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.

*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’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, credit card issuer, hotel, airline, or other entity.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings for our coverage of credit card products. MoneyGeek and CardRatings may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.