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Best Personal Loans in Clarksville, TN

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Updated: December 28, 2023

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MoneyGeek’s Pick for Best Personal Loan Lender in Clarksville: Truist

To find the best personal loan providers in Clarksville, Tennessee, MoneyGeek considered over 30 factors to develop our rankings, including the lender's BBB ratings, interest rate, APR, loan term, penalties, fees and minimum requirements.

Based on this evaluation, MoneyGeek selected Truist as the best overall lender for personal loans in Clarksville. Upstart and SoFi were ranked the highest for borrowers with bad and good credit, respectively. While Upgrade and Best Egg were chosen as the top lenders for debt consolidation and home improvement.

Best Overall Personal Loan Lender in Clarksville: 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

    Truist is a financial service company that offers various financial products including personal loans. The company is one of ten U.S. commercial banks headquartered in Charlotte, North Carolina and was formed from the merger of BB&T and SunTrust.

    MoneyGeek ranked Truist as the best personal loan provider in Clarksville, TN for several reasons including the lender’s A+ rating from the BBB, relatively low interest rates and lack of fees. Truist also offers preapproval to help borrowers determine their eligibility allowing for a short loan disbursement period. If a Truist loan is approved on a business day, the borrower will receive funds the next day.

    However, Truist may not be the best lender for you if you need a loan to pay for post-secondary school education.


    • A+ rating from BBB
    • No credit score minimum required
    • Auto payment discount of 0.5%
    • No origination, penalty or late payment fees
    • No minimum income requirement


    • Hard credit check inquiry
    • Fund usage restrictions
    • Maximum loan amount of $50,000
    • APR range: 8.14% to 18.99%
    • Minimum/maximum loan amount: $3,500–$50,000
    • Minimum credit requirements: None
    • Repayment terms: six to 60 months
    • Time to receive funds: Next-day

Best Personal Loan Lender for Bad Credit in Clarksville: 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

    MoneyGeek researched many lenders in Clarksville and selected Upstart as the best personal loan company for those with poor credit. Upstart is an artificial intelligence (AI) lending platform that partners with banks and credit unions to give loans to consumers. The company was founded in 2012 and has served over 1.8 million people since its inception.

    MoneyGeek ranked Upstart higher than other Clarksville lenders due to the lender's no minimum credit score requirement, A+ BBB rating and short loan disbursement times of the next day day. With a loan limit of $1,000 to $50,000, Upstart may not be the best option if you need a larger loan or have a debt-to-income (DTI) ratio of more than 45%.


    • Fast online application
    • No prepayment penalty fee
    • No minimum credit score
    • Soft credit check inquiry
    • A+ rating from BBB


    • High origination fee up to 8.0%
    • Minimum gross income of $12,000
    • Debt-to-income (DTI) ratio of 45% or less
    • APR range: 3.22% to 35.99%
    • Minimum/maximum loan amount: $1,000–$50,000
    • Minimum credit requirements: None
    • Repayment terms: 36 to 60 months
    • Time to receive funds: Next day

Best Personal Loan Lender for Good Credit in Clarksville: 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

    SoFi was launched in 2011 and has provided over $59 billion in loans. When it comes to lending to those with good credit, MoneyGeek considers SoFi as the best option. This lender has no origination, prepayment, or late fees, which saves you money. SoFi offers a 0.3% auto payment discount and with SoFi, you can get up to $100,000 in loans.

    To be eligible for a loan, you’ll need a high minimum credit score of 680, in addition to a high minimum gross income of $50,000.


    • Soft credit check that doesn’t affect your credit
    • Auto payment discount of 0.3%
    • No prepayment penalty fees
    • No late fees
    • No origination fee


    • High APR
    • High minimum credit score requirement of 680
    • Minimum gross income requirement of $50,000
    • APR range: 5.74% to 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

Best Personal Loan Lender for Debt Consolidation: 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

    Upgrade is an American neobank founded in 2016. The firm’s modest minimum credit score requirement of 560 makes it suitable for borrowers with a fair credit score. The application for an upgrade loan may be completed entirely online or in person, and upon approval, funds will be released on the same day.

    Upgrade has restrictions on how funds can be used; you cannot use Upgrade loans to pay for post-secondary education or to make investments.


    • Auto repayment discount of 1%
    • No prepayment penalty fee
    • Fair minimum credit score requirement of 560
    • Soft credit check


    • High APR of 5.94% to 35.47%
    • High origination fee of 2.9%–8.0%
    • Late fee of $10
    • APR range: 5.94% to 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 Personal Loan Lender for Home Improvement: 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

    MoneyGeek assessed the top lender in Clarksville, TN for borrowers seeking a home improvement loan. Based on this evaluation, Best Egg was selected as the top personal loan lender for home improvement. Best Egg was founded in 2014 and has since backed over one million loans.

    Best Egg offers interest rates as low as 4.99%, and borrowers receive an auto repayment discount of 0.5%. The lending company also received an A+ rating from the Better Business Bureau.

    Best Egg's high credit score requirements make it unsuitable for those with bad credit.


    • No debt-to-income limits
    • Auto repayment discount of 0.5%
    • Fast online application
    • A+ rating from the BBB
    • Funds disbursed next day


    • Minimum gross income requirement of $50,000
    • Employment history requirement
    • Borrowers with new or no credit not accepted
    • APR range: 4.99% to 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
    Best Egg

How to Choose the Best Personal Loan Lender In Clarksville for You

According to the US Chamber of Commerce, there are 21.1 million outstanding personal loans totaling $143 billion. In Clarksville, TN, the average personal loan debt is $25,174.

Consider your gross income, credit score, current debt, work status and other factors before applying for a personal loan in Clarksville, TN. Taking out a loan is a long-term commitment, so you need to make sure you’re selecting the best option for your current financial situation without compromising your future financial goals. It’s important to research lending companies and understand the terms of a loan to find the best fit for you.

Before applying for a personal loan in Clarksville, MoneyGeek recommends taking these steps.

Ask Yourself the Important Questions

A personal loan is a long-term commitment, so it’s important to consider your reasons for wanting a loan and assess your current financial situation to get the best loan for you. Before deciding on a vendor, answering these questions can save you time and money:

  • How much do I need?
  • What is my credit score?
  • Can I afford the monthly payments?
  • Do I have any existing debts?
Do Your Research

Applying for a personal loan should be a well-thought-out decision. Do your research before choosing a loan and carefully read the loan agreement. It’s important to understand your financial goals so you can choose the personal loan lender that best fits your borrower profile.

As our research shows, some lending companies rank higher than others based on characteristics like credit score or fund use. Personal loans are long-term commitments that take two to four years to repay, so select one that works for you now and in the future.

MoneyGeek has provided you with a general ranking for the best lending companies in Clarksville, but we recommend that you complete your own research to find the best lending company for your individual needs.


Get quotes from several lenders and take a few days to decide. Waiting a day or two will allow you adequate time to think things through your options and make the best decision. Select a lender only after thoroughly researching your options and finding the best deal for your requirements.

Read the Fine Print

Once you've decided on a lender, be sure to carefully read the loan terms. Look for prepayment penalties, high origination fees, early payback penalties and anything else that might increase your overall cost. Before taking a loan, be sure you understand how this may influence your long-term financial goals. Before choosing between secure and unsecured loans, compare interest rates, APR periods, penalties and other factors.


After doing your research, it's time to apply. Whether you apply online or in person, keep your data organized and handy. During the application process, lenders often request identification, address verification and evidence of income.

Even though it is quicker to apply online, you should phone or visit the lender, if available. Regardless of the approach, do not leave blanks on forms as it might cause processing delays.

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

Not all personal loans are approved. Maybe your credit score isn't high enough, or you haven't been working long enough. If your personal loan application is denied, you may phone or email the lender to find out why.

You might apply for a loan with another lender, but you should wait until you have resolved the factor that caused your prior loan to be denied.

Short-term loans, such as payday loans, should only be used as a last resort. We highly discourage people from taking out payday loans because they have high interest rates and short payback terms.

Frequently Asked Questions About Personal Loans in Clarksville

Personal loans may be used for both urgent and non-urgent needs, such as unexpected medical expenses or home improvements. When seeking a personal loan in Clarksville, TN, lenders will consider several criteria, including your credit history, current income and more. MoneyGeek covers the most frequently asked questions about personal loans in Clarksville below.

What is the best personal loan lender in Clarksville?
Which lender in Clarksville has the lowest interest rate?
Can I use a personal loan for vacations in Clarksville?
Can I use a personal loan for home improvement in Clarksville?
What can I not use my personal loan for in Clarksville?
How much can I borrow in Clarksville?
How long does it take to get a personal loan in Clarksville?
Can I pay off my loan early in Clarksville?

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 within each ranking criteria category. 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.

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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.