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Best Personal Loans in Wisconsin

According to our research, LightStream offers the best personal loan in Wisconsin. Its high maximum loan amount, low interest rates and long-term payback options make it the best choice for your personal loan needs.

Upstart and SoFi were also ranked as the best for consumers with bad and good credit, respectively. Upgrade is the perfect choice for debt consolidation, while Best Egg is ideal for home improvement.

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Last Updated: 11/22/2022
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MoneyGeek’s Best Personal Loan Lender in Wisconsin: LightStream

MoneyGeek picked the best personal loan providers in Wisconsin to help you find lenders that fit your needs. We covered several loan companies in the state and used over 30 data points to make our determination.

We studied each lender’s personal loan package, analyzing their loan amount, repayment terms and interest rates. We also evaluated factors that affect an applicant’s chances of being approved, including requirements for credit score, gross income, employment, and debt-to-income limits, among others.

Our researchers also assessed the quality of a provider’s customer service. We studied their application process and mobile apps.

Best Overall Personal Loan Lender in Wisconsin: LightStream


  • LightStream

    • 4.49% to 20.49%APR Range
    • 660Minimum Credit Score
    • $5,000 to $100,000Loan Amount Range
    • 24 to 84 monthsRepayment Terms
    • Same DayTime to Receive Funds

    on LightStream Website

Best Personal Loan Lender for Bad Credit in Wisconsin: 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

    on Upstart Website

Best Personal Loan Lender for Good Credit in Wisconsin: 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

    on SoFi Website

Best Personal Loan Lender for Debt Consolidation in Wisconsin: 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

    on Upgrade Website

Best Personal Loan Lender for Home Improvement in Wisconsin: 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

    on Best Egg Website

How to Choose the Best Personal Loan Lender in Wisconsin for You

In Wisconsin, personal loans are a common way to finance both planned and unplanned expenses. As such, the average personal loan debt in the state is $16,953.

While most personal loan lenders have straightforward requirements, we recommend examining various factors before applying for a loan. MoneyGeek detailed the steps you should take before getting a personal loan in Wisconsin.

1

Ask Yourself the Important Questions

Ask yourself some important questions before you apply for a personal loan to ensure it’s the best fit for your needs.

  • How much money do you need? Personal loans carry interest, so you should only apply for the amount that will cover your specific purpose. Additionally, if you’re using your loan to finance recreational purchases, consider if you’re better off saving for them.
  • What’s your credit score? The higher your credit score, the easier you can get approval for your personal loan. It’s best to study a lender’s credit score requirement before applying for a loan.
  • Can you afford the monthly payment? Before taking on any debt, make sure you can manage your monthly payments. That includes avoiding late payments that can adversely affect your credit score.
  • Do you have existing debts? Lenders will assess your debt-to-income ratio. If you have existing debts, calculate whether your ratio (total monthly debt payments divided by gross monthly income) meets your lender’s requirements.
2

Do Your Research

As with any important decision, it’s a good idea to do some research before applying for a loan. Read the websites of the companies you’re considering and study their policies on interest rates, monthly payments, credit checks and more. You should also check for any restrictions that they may have for their loan’s use.

MoneyGeek gathered all the information you would need to get a personal loan in Wisconsin. Still, our findings are based on an average consumer, and you may have unique needs and preferences. Doing your own research can help you find the best lender for your profile.

3

Wait

Personal loans are a big financial commitment. You may want to wait for a day or two before finalizing your decision. The time you spend waiting can allow a better understanding of the situation, so you make the best choice for your situation.

Even though you can pay back a loan over the years, you’ll be paying interest too. If you’re applying for a personal loan to purchase a non-essential item, consider if it’s really necessary. Would it be better to save for it instead of taking out a loan to finance it?

4

Read the Fine Print

If you’ve decided that a personal loan is the best way to settle your financial need, revisit your preferred lenders. Look beyond their marketing materials and read the fine print.

Find details about the lender’s prepayment penalties, origination and other fees that can be charged to you. Check if there are discounts for automatic payments. Studying such details can lead to savings, as you’ll be able to avoid the unnecessary fees that come with your loan.

5

Apply for the Loan

Once you’ve evaluated all your options and assessed the fine print, you’re ready to apply for a personal loan. Prepare the information typically required by lending companies, such as proof of employment and income.

Almost every lender allows you to apply for your loan online. It’s a convenient way to go through the process. If your lender doesn’t have an online application or if you prefer to handle the process in person, don’t hesitate to call or visit your provider’s office.

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

Don’t get discouraged if your personal loan application gets declined. There are several reasons why providers in Wisconsin deny personal loans, including low credit score and insufficient income.

You can always call the lender and ask for the reason behind their decision. Ask if modifying your loan amount or its term might make your application more acceptable. You can also inquire if having a cosigner could increase your chances of approval.

While you can immediately apply for a personal loan at another company, it’s not advisable. You’re better off improving your profile and fixing the first lender’s findings before going to another lender. Doing this can lead to better chances of approval the next time you apply for a loan.

And no matter how desperate you are, try to avoid payday loans. They have very short repayment terms at extremely high interest rates.

Frequently Asked Questions About Personal Loans in Wisconsin

Your personal situation and financial needs determine the best personal loan provider for you. MoneyGeek answered some frequently asked questions to help you know more about personal loans in Wisconsin.

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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 decided and chosen 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.

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.