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Best Personal Loans in Clarksville, TN

You can take out a personal loan for several reasons, including financing a new car, funding a vacation, consolidating debt or investing in your small business. If you’re considering applying for a personal loan, it’s important to know that lenders consider many factors before they approve loan requests, including your creditworthiness, income level, employment status and more.

The average personal loan debt in Tennessee is $25,174. When it comes to searching for the best personal loans in Clarksville, Tennessee, there are numerous options available. Not all personal loans are created equal, so MoneyGeek ranked personal loan lenders to help you determine the best option for your specific needs.

Last Updated: 6/7/2022
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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 Recieve Funds

    on Truist Website

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 Recieve Funds

    on Upstart Website

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 Recieve Funds

    on SoFi Website

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 Recieve Funds

    on Upgrade Website

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 Recieve Funds

    on Best Egg Website

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.

1

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?
2

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.

3

Wait

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.

4

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.

5

Apply

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.

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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*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.