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

Truist was formed in 2019 from the merger of BB&T and SunTrust Banks. It offers various financial products, including personal loans, checking and savings accounts, credit cards and insurance.

Truist Bank provides personal loans with quick financing ranging from $3,500 to $50,000. The lender offers one of the lowest interest rate ranges in the industry. Its personal loan products also feature extremely flexible repayment terms between 6 and 60 months, allowing you to choose a repayment schedule that works for you.

Though the lender doesn’t explicitly list a minimum credit score requirement, only those with excellent credit scores are likely to qualify. Furthermore, the lender only offers loans up to $50,000, which may be too little for some borrowers' needs.

Pros

• Flexible repayment terms
• No prepayment penalty
• No origination fees
• A+ BBB rating

Upstart began offering personal loans in 2014. It uses artificial intelligence to evaluate borrowers for loans based on factors other than their credit score, like their employment and education history.

Based on a borrower’s profile, Upstart offers personal loans between $1,000 and $50,000. Two repayment terms, 36 or 60 months, are available.

While borrowers with a credit score as low as 300 can obtain a personal loan, it’s important to recognize that they may be subject to an incredibly high interest rate. Furthermore, the lender’s limited repayment terms offer few options for loan repayment.

Pros

• Low minimum credit score requirement
• Soft credit check
• No prepayment penalty
• Borrowers with no or new credit history accepted

According to MoneyGeek’s review of SoFi personal loans, this lender is the top personal loan provider for consumers with excellent credit in Grand Prairie.

SoFi, founded in 2011, offers fixed-rate personal loans ranging from $5,000 to $100,000 with repayment terms between 12 to 60 months. This makes it an excellent option for borrowers looking for a larger loan.

The lender’s personal loans may be used for credit card debt consolidation, home renovations, family planning, vacation and weddings. SoFi doesn't charge origination or prepayment fees, making it more appealing to borrowers looking to consolidate debt or finance big purchases.

Pros

• No prepayment fees
• Autopay discount
• No origination fees

According to MoneyGeek's analysis of Upgrade personal loans, the lender is the best option for those looking to consolidate high-interest debt.

Upgrade is the best lender for personal loans in Grand Prairie related to debt consolidation because it offers direct payment to third-party creditors. The lender’s loan products range in amount from $1,000 to $50,000 with repayment terms between 36 and 60 months.

Though most applicants will qualify for a loan with this lender — the minimum credit score requirement is 560 — only those with the highest credit scores will receive the lender’s lowest advertised rate. Those with poor credit may receive an extremely high APR. Because of this, you may want to consider a different lender if you have poor credit.

Pros

• A+ BBB rating
• Low minimum loan amount of $1,000
• Fair minimum credit score requirement of 560
• Soft credit check during initial application
• Direct payment to creditors available

According to MoneyGeek's analysis, Best Egg is the best choice if you need a loan to support home repair projects. Its lower loan amounts are ideal for minor repairs and renovations. Best Egg offers loans from $2,000 to $50,000 depending on your state.

If you have a bad credit score, you should consider other options; with Best Egg, you'll most certainly acquire a loan with a higher APR. To qualify for a loan, you need a minimum credit score of 700. Only those with near-perfect credit scores will receive the lender’s best rates.

Pros

• Soft credit check during initial application
• No prepayment fees
• A+ BBB rating