MoneyGeek's Picks for Best Personal Loan Lenders in Carrollton, TX

MoneyGeek used 30+ data points to compare many personal loan providers in Carrollton. We considered APR ranges, fees, loan amounts, funding times, credit score needs and more. Then, we picked the best ones for different situations based on the results.

Our research shows Truist is the overall best personal loan company in Carrollton.

However, we also found leading lenders vary by the borrower’s financial profile and needs. For example, Upstart is our choice for bad-credit borrowers. Meanwhile, we recommend Upgrade to folks looking to consolidate debts.

Best Overall Personal Loan Lender in Carrollton: 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


Best Personal Loan Lender for Bad Credit in Carrollton: 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


Best Personal Loan Lender for Good Credit in Carrollton: 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


Best Personal Loan Lender for Debt Consolidation in Carrollton: 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


Best Personal Loan Lender for Home Improvement in Carrollton: 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

    Best Egg

Where to Start: How to Choose the Best Personal Loan Lender in Carrollton for You

Personal loans have fixed terms, streamlined application processes and flexible use cases. Thus, they’re often an excellent option if you’re looking for fast cash to pay for your needs.

The average personal loan debt in Texas is $15,505, while the median interest rate is 8.78%. Ultimately, the amount and interest rate you’ll receive will depend on your loan preferences and financial background.

MoneyGeek recommends taking these steps to find Carrollton's best personal loan lender.


Ask Yourself the Important Questions

Begin by understanding your financial situation better. To do this, ask yourself these important questions:

  • How much funding do I need? Determine the exact amount of money you need. Getting more than you need will only result in unnecessary interest payments.
  • What is my credit score? Personal loan providers often have credit score requirements. Knowing your FICO score can help you identify which companies you’re eligible to get a loan from.
  • Can I afford the monthly payment? Calculate your monthly expenses to see if you can afford potential loan installments.
  • How much debt do I already have? Personal lenders will also study your debt-to-income (DTI) ratio. If your DTI falls below 36%, you might have a difficult time getting loan approval.

Do Your Research

Personal loans are serious financial commitments involving several years of payments. We suggest studying your options carefully and knowing everything about your financial health.

Some details you should look for are fees, APR ranges and discounts that affect the overall cost of the loan. It’s also a good idea to find a lender’s loan evaluation process and restrictions so you know what to expect.

MoneyGeek ranked the best personal loan lenders in Carrollton and picked the best in various categories. However, our findings are based on generalizations. Since you may have different needs and circumstances, nothing beats your own research.



After going through several loan providers, you may feel overwhelmed. So, we suggest waiting a day or two before you decide.

This is useful as it allows you to visit offers with fresh eyes. You may see issues you missed during your initial research.

You must repay personal loans, sometimes with high interest and for several years. Thus, you must be sure you’re getting the lowest rate and the best offer.

Likewise, you can take this time to reconsider the reasons why you’re getting a loan. If you’re borrowing money for a vacation or special occasion, see if you can put it off until you’ve saved enough.

And, if you’re consolidating debts, check out options like home equity lines of credit or 0% APR credit cards.


Read the Fine Print

Go over your preferred lender’s fine print to make sure you understand the loan's terms and conditions.

Typically, lenders highlight their offers’ best parts and bury unflattering details. That’s why you have to double-check key details about your loan.

Most personal loans in Carrollton don’t have prepayment fees, but some lenders may not explicitly state their policies about early payments.

Origination fees are another cost to watch for. Some providers deduct this amount from their loans, so you have to consider it before you sign off.

Reading the fine print can save thousands and help you avoid stress.



After you’ve researched and evaluated your options, you may have finally decided on the lender for you. If you feel good about your choice, you can proceed with your loan application.

Gather all the documents you need before you approach the lender. Providers usually need your identification Social Security number, address proof and income details.

Lenders may ask for more documents from you, too.

It’s easy to get a personal loan in Carrollton. Most loan providers offer online application processes, so you complete everything from home.

But you can call or visit a branch if you prefer in-person transactions. Remember, personal loans are serious commitments. Go with the process you’re most comfortable with, so you can raise your questions or concerns about the loan.

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

Despite going through the lender’s process and providing all the required documents, you can still get a rejection letter. It may be disheartening if it happens, but it’s not the end of the world. You can still move forward with your loan application journey.

You can contact the lender to clarify their reasoning if your loan has been denied. This is an important step as it lets you know of any issues with your profile.

We don’t recommend starting a new loan application without repairing your profile. The first lender’s issue may show up again and cause you another loan rejection.

Instead, work on your creditworthiness and improve your financial profile. You may have to repay your existing debts or find a higher-paying job. After all, lenders will see you as a less risky borrower if you have a good DTI.

Even if you’re desperate, avoid payday loans. These feature high rates and short repayment periods and can lead you deeper into debt.

Frequently Asked Questions About Personal Loans in Carrollton

The best personal loan lender for you may change based on your needs, preferences and profile. Here, MoneyGeek answers some frequently asked questions about personal loans in Carrollton.

Our Personal Loan Methodology

We looked at more than 30 personal loan lenders using 35+ data points divided into six categories. These categories are affordability, accessibility, consumer friendliness, customer service, flexibility and lender transparency.

In each category, we considered data points we feel carry the most weight. These include APRs, loan amounts, credit scores, income amounts, fees and disbursement times.

Here at MoneyGeek, we value you. So, we also look at customer support, ratings and features like prequalification, payment options and apps.

We make our picks with your best interest in mind. These personal loan recommendations and tips may help you make the best decision. However, we recommend viewing this as a starting point and not your only resource. Only you can decide which loan is best for you!


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.