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

Since 1872, Truist has been providing prospective consumers a wide range of perks. MoneyGeek named Truist as the overall best personal loan in Pasadena. Borrowing amounts range from $3,500 to $50,000, with up to 60-month repayment terms available.

Truist has a zero-point minimum credit score requirement, so Pasadena residents with bad credit should have no trouble being approved. The personal loans offered by the lender are unsecured. Thus, no security is required to obtain the funds. Since Truist doesn't charge origination fees, you won't have to worry about processing costs if approved for a loan.

Pros

• A+ BBB rating
• No late, origination or prepayment fees
• Quick funding
• 0.5% autopay discount
• Provides smartphone app

Upstart, founded in 2012, finances loans using artificial intelligence. Its personal loans are available for various purposes, including debt consolidation, home improvements and medical costs. It is MoneyGeek’s best personal loan for those with bad credit in Pasadena.

While many lenders place a strong emphasis on credit ratings, Upstart also takes into account your income and employment status. The credit score requirement is exceptionally low at 300.

On the other hand, Upstart has some relatively modest loan amount caps. Upstart will only permit a maximum loan amount of $50,000, unlike some other lenders that permit borrowing amounts of up to $100,000.

Pros

• A+ rating from the BBB
• Runs soft credit inquiry
• Fixed interest rates
• Low credit score requirement
• 15-day grace period before a late penalty

SoFi, a 2011 startup, is a reliable option for anyone seeking personal loans with high to excellent credit and a yearly income of at least $45,000. For those with good credit, MoneyGeek recommends SoFi as the best personal loan lender in Pasadena.

SoFi's credit score requirement isn't much higher than other lenders. SoFi carries out soft credit checks, so your credit score is unaffected. SoFi offers extended payment periods of up to 60 months, personal loans of up to $100,000 and a fixed APR (with all discounts). Fortunately, origination, prepayment and late fees are not a concern for SoFi borrowers.

Pros

• A+ BBB rating
• 0.25% autopay discount
• No origination fees
• Loan amounts of up to $100,000
• Runs soft credit checks

As a neobank, Upgrade conducts all of its business online. The company joined the Texas personal loan market in 2016, making it a relatively new competitor. The best personal loan in Pasadena for consolidating debt is Upgrade, according to MoneyGeek’s analysis.

This lender accepts candidates with credit scores of at least 560 and has no minimum income criteria. It provides loans of up to $50,000 with customizable repayment plans of 36 to 60 months. People who opt to pay off their loans early are not subject to fines from Upgrade. Additionally, Upgrade provides a discount if you set up autopay. A 15-day grace period is also offered by Upgrade before late fees of up to $10 are assessed.

Pros

• A+ BBB rating
• Runs soft credit checks
• No prepayment charges
• 0.5% autopay discount
• Offers joint loans

As the best personal loan in Pasadena for home improvement, Best Egg allows consumers to obtain loans between $2,000 and $50,000. Some of Best Egg's borrowers receive their money within a day, although the release of funds may take up to three days.

A borrower must have a credit score of at least 700, verifiable income, identity, address and DTI under 30% approved for a Best Egg personal loan. Therefore, folks without long credit history or steady work may be able to discover better terms with alternative lenders.

Pros

• A+ rating from the BBB
• Runs soft credit checks
• Quick online application
• 0.5% autopay discount
• Easily accessible rates on the website