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

MoneyGeek considers over 30 factors to identify the best personal loan providers in Plano, Texas. These factors include each lender’s repayment terms, interest rates and loan amount options. We also considered how profile-based data, such as age, gross income and credit score, affect your likelihood of being accepted.

Our research shows that Truist is the city's top lender overall. However, depending on your profile and financial goals, a different lender might be more suitable. For instance, SoFi is the ideal choice for Plano residents with good credit, Upstart is the best choice for individuals with bad credit and Upgrade is our top recommendation if you need a personal loan to consolidate debts.

Best Overall Personal Loan Lender in Plano: 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 Plano: 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 Plano: 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 Plano: 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 Plano: 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 Plano for You

Texas residents owe an average of $15,505 on their personal loans. Lenders consider your income, work history, credit history and creditworthiness when you apply for a personal loan in the state. MoneyGeek recommends taking the following steps to find the best personal loans in Plano, Texas, for you.


Ask Yourself the Important Questions

You’ll make wiser financial decisions by taking a moment to reflect and ask yourself these crucial questions:

  • How much funding do I need? Consider what you'll do with the money because this will affect whether a personal loan is the best choice.
  • What is my credit score? All lenders check your credit score before approving your application. Depending on your credit score, your options may be limited.
  • Can I afford the monthly payment? If you cannot pay, the lender will charge late fees, and your credit rating will suffer.
  • How much debt do I already have? Adding another loan to your list of expenses may not be the best choice if you already have other debts to pay off. And if you’re looking to consolidate your debts, make sure the personal loan offers a lower rate.

Do Your Research

We do our best to provide you with all the information you need to get a personal loan, but you must do your own research and comparison before applying. Our data might not be in line with your profile or present needs.

A personal loan is a significant commitment. You will have to make monthly payments for at least two years, long enough to impact your finances for the foreseeable future.



Once you've gathered all the data you need, take a deep breath. Although it may be tempting to pick a lender immediately, take a day or two to analyze your options objectively. Regardless of the amount, a personal loan is a commitment. Before taking action, make sure you can handle all of the responsibilities that come with one.


Read the Fine Print

Don’t overlook important but less highlighted details of your personal loan. Read your loan agreement carefully and be sure you understand all relevant information. Look at the lender's fees, including prepayment penalties, early payoff and origination fees, and ensure these fit in your budget, if applicable.



Once you've done your research, have read and understood the fine print and waited long enough to be sure of your decision, it's time to submit your application. Lenders frequently ask for proof of identity, residence and income throughout the loan application process. Although some people may find it more convenient to apply online, you can usually give the lender a call or apply in person if you prefer.

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

Lenders turn down personal loan applications for various reasons, including low credit ratings, insufficient income, excessive debt-to-income ratios and inaccurate or incomplete information.

If your application is rejected, ask why and whether you can make changes, such as lowering the loan amount or reducing the loan's duration.

You can always apply for a loan with another company, but hold off until you fix the issue that initially caused you to be rejected. For example, try to increase your credit score or lower your DTI ratio.

MoneyGeek recommends avoiding payday loans. A payday loan can provide quick money but with high interest rates and short payment terms.

Frequently Asked Questions About Personal Loans in Plano

Selecting the personal loan provider in Plano that’s best for you depends on your credit, income and specific needs. MoneyGeek answered frequently asked questions about personal loans in Plano, Texas, to help you make an informed choice.

Our Personal Loan Methodology


We evaluated over 30 personal loan providers using an internal scoring rubric that taps into various data points across six major categories: customer service, flexibility, loan affordability, accessibility, consumer friendliness and lender transparency.

Within each ranking criteria category, we considered several individual data points that we feel carry the most weight when choosing a personal loan lender. These factors include APR ranges, available loan amount, minimum credit score, minimum income amount, application fees and disbursement time.

Here at MoneyGeek, we value you, the consumer, so we also factor in each lender’s customer support, business ratings and additional features that could make your experience easier and more accessible, like prequalification, payment options and mobile apps.

After our thorough evaluation, we select our top lenders based on how well they address your unique needs. Our expert tips and recommendations are meant to help you make the best decision when choosing a lender that meets your needs.


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.