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

MoneyGeek ranks Truist as the best personal loan provider in Killeen. Truist is a mission-driven financial services firm created by the historic merger of BB&T and SunTrust. Truist's personal loans of $3,500 to $50,000 feature no origination or prepayment fees. Payment terms are between six and 60 months.

Truist does not impose a minimum credit score or gross income requirement from its borrowers. Those who need a quick loan may consider using Truist because it is possible to receive the funds on the next day of approval. Keep in mind that Truist conducts rigorous credit checks.

Pros

• No origination, prepayment or late fees
• No credit score requirement
• 0.5% discount for autopay
• Quick funding
• Offers a mobile application

Upstart, founded in 2012, uses artificial intelligence algorithms to determine a person's qualification for a personal loan. MoneyGeek ranks Upstart as the best personal loan lender in Killeen for borrowers with poor credit.

Upstart allows its borrowers to use the funds for several purposes, including home improvement, debt consolidation and healthcare costs. Additionally, it offers auto refinancing, which may appeal to some clients. After approval, you can receive your funds as early as the following business day.

Although Upstart offers loans to individuals with poor credit, it may charge them higher interest rates than other lenders. Additionally, despite the absence of a prepayment penalty, Upstart borrowers may incur late and origination costs.

Pros

• 300 credit score requirement
• Soft credit inquiry
• No prepayment penalty
• Next business day financing
• Accepts borrowers with new credit

MoneyGeek ranks SoFi as the best personal loan provider in Killeen for individuals with good credit. SoFi was founded in 2011 to provide student loan refinancing services. In 2015, the company began selling personal loan products. SoFi allows you to borrow between $5,000 and $100,000, and its credit score requirements are comparable to those of other lenders giving the same amount.

After SoFi authorizes your loan, you can receive the funds after a few days. If you leave your employment while the loan is still in effect, the lender may also change your loan installments in your favor. SoFi loans demand a minimum annual gross income of $45,000, but the bank offers loans with low-interest rates and no fees. A credit score of 680 is also required.

Pros

• No prepayment penalty
• Zero origination fees
• Offers an unemployment protection program
• Automatic payment discount

MoneyGeek recommends Upgrade as the best personal loan lender in Killeen for debt consolidation. Established in 2017, Upgrade has granted $10 billion in loans. Upgrade enables you to borrow between $1,000 to $50,000, making it ideal for moderately sized expenditures. When debt is consolidated, the lender makes direct payments to third-party creditors.

In addition, Upgrade does a soft credit inquiry, which does not negatively affect your credit score. The lender typically releases your funds immediately following loan approval. If you choose to repay your loan early, Upstart will not impose a prepayment fee. However, the lender charges origination and late payment fees in addition to a somewhat high APR. If your credit is excellent, you may qualify for reduced rates elsewhere.

Pros

• Pays creditor directly
• Joint loans available
• Conducts soft credit check
• Offers autopay discount
• Minimum loan amount of $1,000
• Repayment term maximum of 60 months

Since its inception in 2014, Best Egg has earned a reputation as a low-cost personal loan provider. MoneyGeek determined that Best Egg provides the best personal loans for home remodeling in Killeen. The lender offers personal loans ranging from $2,000 to $50,000 with three to five years repayment terms.

With a minimum credit score of 700, Best Egg is an excellent option for those with excellent credit and looking to make home improvements. Although Best Egg charges origination and late payment fees, the lender's APR can be low. Assuming you have a less-than-excellent credit score, it is advisable to examine other options because you may end up with a loan with a higher APR if approved.

Pros

• No prepayment charges
• Conducts soft credit checks
• Offers a discount for autopay
• Has a mobile application
• Repayment term maximum of 60 months