Top Lenders & Best Picks for You

Best Personal Loans in San Antonio, TX

There are many reasons for taking out a personal loan. You can take out a personal loan if you have emergency expenses to cover or need additional funds for significant life events, such as relocation or a wedding. Keep in mind that lenders in San Antonio have varying qualifications. Across the board, many of them consider your debt-to-income ratio, income details and credit score.

The average personal loan debt in Texas is $15,505. To avoid large amounts of debt, MoneyGeek analyzed multiple lenders to help you find the best personal loans in San Antonio based on your circumstances.

Last Updated: 6/7/2022
Advertising & Editorial Disclosure

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


  • 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 Recieve Funds

    on Truist Website

Best Personal Loan Lender for Bad Credit in San Antonio: 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 Recieve Funds

    on Upstart Website

Best Personal Loan Lender for Good Credit in San Antonio: 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 Recieve Funds

    on SoFi Website

Best Lender for Debt Consolidation in San Antonio: 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 Recieve Funds

    on Upgrade Website

Best Lender for Home Improvement in San Antonio: 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 Recieve Funds

    on Best Egg Website

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.

1

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.
2

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.

3

Wait

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.

4

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.

5

Apply

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.

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.

*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’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, credit card issuer, hotel, airline, or other entity.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings for our coverage of credit card products. MoneyGeek and CardRatings may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.