Best Personal Loans in Carrollton, TX: Top Lenders & Best Picks for You

MoneyGeek found that Truist is the overall best personal loan company in Carrollton. It offers up to $50,000 in personal loans, which come at relatively low rates.

Truist says it can instantly approve or reject applications and fund loans within a day. This is convenient, especially if you need quick cash. However, Truist lacks a prequalification process and requires a good-to-excellent credit.

Still, Truist’s loans are payable for up to 60 months and lack origination fees. They may not work for folks who only need a small amount of money, as the company’s minimum loan is $3,500.

Truist is the seventh-largest bank in the United States and was formed after the 2019 merger of BB&T Bank and SunTrust. Beyond personal loans, it offers savings accounts, credit cards, mortgages and more.

Pros

• Doesn’t charge origination fees
• Fast loan decisions
• Low interest rates
• Quick funding

Most lenders typically decline applications from borrowers with bad credit — but not all. Upstart offers the best personal loans in Carrollton.

Upstart is a fintech firm that has originated over $30.5 billion in loans since its launch in 2012. It uses artificial intelligence and unconventional factors to study loan applications. Upstart automates 75% of applications and accepts many borrowers normally turned down by others.

With Upstart, you can get a personal loan of $1,000 to $50,000, payable from 36 to 60 months. This may work for you if you only need a small amount and want the flexibility to repay your loan for a number of years.

Upstart doesn’t charge prepayment fees if you repay your loan early. But you have to deal with an origination fee and potentially high interest rates from this lender.

Pros

• Accepts borrowers with bad credit
• Next-day funding possible
• Evaluates applications using nonconventional variables
• Conducts soft credit checks
• No prepayment fees

Generally, good credit opens doors to more loan providers and better interest rates. MoneyGeek found that SoFi is the best personal loan company in Carrollton for folks with good credit.

This company was founded in 2011 and has financed over $50 billion in loans to more than 4 million members.

With SoFi, you can borrow up to $100,000. With its long terms and competitive rates, it may be perfect if you need a large amount but small payments.

You won’t have to deal with origination, prepayment and late payment fees with SoFi. Plus, you’ll enjoy autopay discounts and payment protections if you become unemployed.

Unfortunately, you’ll need good-to-excellent credit to qualify for a SoFi loan. Luckily, the company can check your rates through a soft credit pull.

Pros

• No origination, prepayment and late payment fees
• Has autopay discount
• Conducts soft credit checks to verify rates
• Offers unemployment protection

Upgrade is MoneyGeek’s pick as the best personal loan lender in Carrollton for debt consolidation. This fintech firm opened in 2017 and has originated more than $19 billion for millions of clients.

Upgrade lets you borrow $1,000 to $50,000 personal loans. So, it may be a solid choice if your debt falls in that range and you want to make one flexible monthly payment for all of them.

Additionally, this lender lets you know your rates through a soft credit check and releases funds immediately. Its loans don’t have prepayment fees, but they have origination fees.

Pros

• Quick fund disbursement
• No prepayment fees
• Limited minimum loan amount
• Lengthy repayment period
• Performs soft credit checks

Based on MoneyGeek’s analysis, Best Egg is the best personal loan lender in Carrollton for home improvement projects.

This lender was created in 2014 and originates loans through Cross River Bank and Blue Ridge Bank. It has since facilitated over $21 billion in loans to millions of clients nationwide.

Best Egg offers personal loans of $2,000 to $50,000 with a repayment term of up to 60 months. Its interest rates are relatively high. Still, it may be a great choice if you need funding within that range with flexible repayment terms.

You may be able to qualify for Best Egg despite having bad credit. This company considers factors beyond your FICO score when evaluating applications. You can also check your rates from this company through a soft credit pull.

However, Best Egg charges origination and returned payment fees.

Pros

• Considers nonconventional factors
• Doesn’t charge prepayment fees
• Performs soft credit checks
• Quick funding