Top Lenders & Best Picks for You

Best Personal Loans in Virginia Beach, VA of 2024

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Reviewed byMorgan Hull
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Reviewed byMorgan Hull
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Updated: December 28, 2023

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MoneyGeek's Picks for Best Personal Loan Lenders in Virginia Beach, VA

MoneyGeek assessed lenders for over 30 data points to find the best personal loans in Virginia Beach. Our comprehensive analysis evaluated personal loan lenders based on factors like interest rates, loan limits, repayment terms and applicable fees. MoneyGeek also considered other factors such as minimum credit score and gross income requirements, accessibility and user experience to identify the best personal loan lenders for different borrower profiles.

Best Personal Loan Lender Overall in Virginia Beach: Truist


Best Personal Loan Lender for Bad Credit in Virginia Beach: Upstart


Best Personal Loan Lender for Good Credit in Virginia Beach: SoFi


Best Personal Loan for Debt Consolidation in Virginia Beach: Upgrade


Best Personal Loan for Home Improvement in Virginia Beach: Best Egg


How to Choose the Best Personal Loan Lender in Virginia Beach for You

The average personal loan debt in Virginia is $17,503, but a borrower’s income and credit history will determine their loan limit. Before applying for personal loans in Virginia Beach, it’s important to assess your current financial situation and needs, including your credit score, gross income and existing debt. This well help you find the best lender for you.

Ask Yourself the Important Questions

Personal loans are long-term financial commitments, so it’s important to understand the financial implications before taking out a loan. You also need to consider if you meet the minimum eligibility requirements and what options are available to you based on your credit and income profile. You can figure this out by answering the following questions:

  1. How much funding do I need?
  2. What is my credit score?
  3. Can I afford the monthly payment?
  4. How much debt do I already have?
Do Your Research

It’s important to research different lenders and compare their rates, fees, terms and other features. While you can use MoneyGeek’s recommendations as a guide, our top picks may not be the best for your unique situation. As such, we recommend that you take the time to evaluate different lenders based on your specific requirements and financial situation to save money in the long term.


Personal loans are long-term financial commitments — some require payments for up to five years — so it’s important to think through your options before applying. We also recommend that you consider alternative financing options that may be better suited for your needs before applying for a personal loan.

Read the Fine Print

The terms of your personal loans may include other charges like origination, late and prepayment fee. It’s important that you read your loan agreement’s fine print so that you understand any or all of these extra charges. If you have questions, you should reach out to your lender for clarification. This can save you money on penalties and unexpected fees in the long run.


Once you have selected the best lender for your needs, you can submit your loan application. The lender will require personal information such as your address, proof of income and financial history, among other details. After you’ve submitted your application, the lender will complete their evaluation and, if approved, provide your loan rate and terms.

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

Lenders may reject loan applications for several reasons, including failure to meet their minimum credit score or gross income requirement, as well as an incomplete application. While this can be discouraging, it’s important to remember that these factors can be improved over time.

If your loan application is denied, you should alway reach out to the lender to ask why it was rejected. That way, you can work on improving your application before you reapply with the lender or apply with a different lender.

MoneyGeek strongly advises against taking out a payday loan. These loans feature high interest rates and short repayment periods, which can ultimately hurt your credit score if you fail to pay it back in a timely manner.

Frequently Asked Questions About Personal Loans in Virginia Beach

You can learn more about applying for a personal loan in Virginia Beach by reviewing our answers to the most frequently asked questions below.

What is the best personal loan lender in Virginia Beach?
Which lender in Virginia Beach has the lowest interest rate?
Can I use a personal loan for vacations in Virginia Beach?
Can I use a personal loan for home improvement in Virginia Beach?
What can I not use my personal loan for in Virginia Beach?
How much can I borrow in Virginia Beach?
How long does it take to get a personal loan in Virginia Beach?
Can I pay off my loan early in Virginia Beach?

Our Personal Loan Methodology

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MoneyGeek used 35+ data points to review more than 30 personal loan lenders across six key categories: loan affordability, accessibility, consumer friendliness, customer service, flexibility and lender transparency.

We considered several individual data points within each ranking criteria category, that we feel are the most significant 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 our analysis also takes into consideration each lender’s customer support, business ratings and additional features that could make your experience better like prequalification, payment options and mobile apps.

After careful consideration and calculation, our top 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 when choosing a lender that meets your needs.

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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.