Top Lenders & Best Picks for You

Best Personal Loans in San Antonio, TX

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Updated: December 28, 2023

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MoneyGeek’s Pick for Best Lender in San Antonio, TX: Truist

MoneyGeek assessed more than 30 data points to choose the best personal loans in San Antonio. These factors include Better Business Bureau (BBB) ratings, repayment terms, interest rates and other fees charged by lenders. Based on these attributes, the best lender in San Antonio overall is Truist. However, San Antonio residents with poor credit, new credit or no credit should consider Upstart. Those with good credit would benefit from looking into SoFi.

Best Overall Personal Loan Lender in San Antonio: Truist


Best Personal Loan Lender for Bad Credit in San Antonio: Upstart


Best Personal Loan Lender for Good Credit in San Antonio: SoFi


Best Lender for Debt Consolidation in San Antonio: Upgrade


Best Lender for Home Improvement in San Antonio: Best Egg


How to Choose the Best Personal Loan Lender in San Antonio For You

When choosing the best lender for a personal loan, you must first take into account the purpose of your loan. Lenders in San Antonio take into account several factors, such as credit score, income and loan duration.

The average credit score in Texas is 688, while the average interest rate that lenders charge on a personal loan is 8.78%. These are important numbers that you must be aware of if you want to understand the typical profile of a borrower and what you can expect from the lenders in your city.

MoneyGeek also offers details on some other aspects that you must consider before you apply for a personal loan.


Ask Yourself the Important Questions

While a personal loan could help you in times of urgency, you must consider all other options before committing to it. Once you’ve decided that this is the best course of action, consider the following questions.

  1. How much funding do I need? Understand the purpose and evaluate the optimum amount that you need to meet your expenses.
  2. What is my credit score? Your credit score is one of the most important factors that lenders check when considering your application.
  3. Can I afford the monthly payment? Other important factors that you must consider are the interest rate and loan duration. These dictate your monthly payment, which can be adjusted.
  4. How much debt do I already have? If you have existing debts, it’s a good idea to pay them off first before applying for another loan. Alternatively, you can consolidate your existing debts by taking out a personal loan that offers better terms than your existing ones.

Do Your Research

Once you’ve decided that taking out a personal loan is the best option for you, you must perform your own research to find the best terms for you. MoneyGeek has conducted exhaustive analysis to find leading lenders in San Antonio. However, your situation will be a factor and we recommend getting at least three quotes from different lenders to know the commitment that a personal loan entails.



Once you’re satisfied with your research and have understood all the aspects of the lender’s terms, wait for a few days before making your decision. Consider the financial implications of a personal loan and whether the monthly payments are feasible. This is a significant commitment of your finances for a considerable period of time. You must be sure about this decision.


Read the Fine Print

You must be completely aware of all the fees and charges of the lender and understand its implications. Some lenders charge a fee even to process an application whereas others don’t. See whether your lender charges a penalty to completely pay off the loan before it is due. Although these aspects may seem small, they can end up in significant savings.



Once you’ve covered all the aspects, you can continue with your application. Keep in mind that lenders will ask for proof of identification, income and residence. Keep these handy once you’ve decided to apply for a loan.

Many lenders in San Antonio will give you the option of completing the application via their website or app. However, you can also visit your lender’s office or give them a call to personally iron out any last minute questions that you may have.

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

Once you’ve completed the application process, your lender may take a few days to approve it. In situations where your application is not accepted, there is no cause for panic.

You can approach your lender to inquire of the reason for rejection of your application and check if there are any alternatives in the given situation. Personal loan applications can be rejected for multiple reasons, such as low income levels, high debt-to-income ratios and low credit scores.

Check with the lender if there are ways to improve your chances of getting your application approved. You can also approach other lenders once you’re sure that you meet their criteria.

However, if you’re planning to apply for payday loans, be aware that these loans typically have steep interest rates and can put you at risk of significant debt.

Frequently Asked Questions About Personal Loans in San Antonio

Lenders in San Antonio consider several factors before approving personal loans. To know more about personal loans in the city, you can read some of the most frequently asked questions.

Truist is the best personal loan lender in San Antonio overall based on MoneyGeek's analysis, while SoFi is top pick for applicants with good credit. Those with poor credit, new credit or no credit should consider Upstart.

With APR rates as low as 3.22%, Upstart has the lowest personal loan interest rates in San Antonio.

Yes. San Antonio residents can use personal loans to fund trips. That said, check whether your lender has any restrictions when it comes to utilizing borrowed funds.

Yes. In fact, many San Antonio residents take out personal loans to meet their home improvement expenses. It’s a good way to renovate your home and increase its market value. However, it is recommended check with your lender for any restrictions.

Not all lenders in San Antonio have restrictions in place. Typically, loans cannot be used to fund gambling expenses nor invest in stocks or businesses. You can check with your lender for details.

Different lenders place varying restrictions on the amount that applicants can borrow. Usually, lenders start offering personal loans as low as $1,000 and cap their limits at around $50,000.

Depending on the lender you choose, some lenders like Truist fund loans on the same day they are approved. Others, such as Upstart and Best Egg, take anywhere from three to five days.

Although it’s a good idea to pay off your loans as soon as possible, some lenders do charge a penalty for settling a debt early. Before you apply, check with the lender to confirm that you won’t be subject to this penalty.

Our Personal Loan Methodology

We reviewed more than 30 personal loan lenders using 35+ individual data points across six key categories: loan affordability, accessibility, consumer friendliness, customer service, flexibility 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 careful consideration and calculation, our picks are determined with your best interest in mind. Our personal loan recommendations and expert tips are meant to help you make the best decision confidently.

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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.