Best Personal Loans in Wyoming for 2024

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Reviewed byAlvin Yam, CFP
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Reviewed byAlvin Yam, CFP
Edited byDenise Cristobal
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Updated: April 24, 2024

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First Tech and PenFed rise to the top of the rankings, according to MoneyGeek's analysis, with scores of 98 and 96 out of 100, respectively. Both are praised for their excellent customer service, competitive interest rates and transparent terms. MoneyGeek has considered crucial aspects like reputation, APR fairness, credit score requirements and loan flexibility when rating lenders.

Before applying for a personal loan in Wyoming, be mindful of your credit score, income history and debt-to-income ratio, as these factors influence the terms you'll receive. The average credit score in Wyoming is 724, according to Experian data from 2023, meaning the average borrower may find favorable loan conditions due to what is considered "good credit."

MoneyGeek Logo IconBest PersonalLoan LendersWyoming

Best Personal Loan Lenders in Wyoming

MoneyGeek scores personal loan lenders with a point-based system designed to give a comprehensive overview of each lender’s performance in critical areas that matter to borrowers.

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We completed our analysis of banks and lenders licensed to do business in Wyoming as of April 2024. We also considered financial companies that partner with federally insured institutions to offer competitive rates.

34Lenders Analyzed

    Overall Best Personal Loan Lender in Wyoming

  • First Tech

    • 98MoneyGeek Score
    • 8.94% to 18.00%APR Range
    • UndisclosedMinimum Credit Score
    • $500 to $50,000Loan Amount Range
    • 6 to 84 monthsRepayment Terms

    First Tech, with a score of 98 out of 100, is MoneyGeek's top pick for personal loans in Wyoming. It offers an APR range of 8.94% to 18.00%, which is more competitive than most lenders analyzed. Its personal loans come with flexible repayment terms spanning six to 84 months, which is more accommodating than other options. It stands out for its exceptional customer service, education resources and highly competitive rates and fees.


    • Insured by the National Credit Union Administration (NCUA)
    • No early repayment penalty
    • Provides granular APR data for a variety of loan terms


    • Little published information about credit score requirements
    • Could provide more detail on the loan application process
    • Need to be a member to apply
    First Tech

    Runner-Up for Best Personal Loan Lender in Wyoming

  • PenFed

    • 96MoneyGeek Score
    • 7.99% to 17.99%APR Range
    • UndisclosedMinimum Credit Score
    • Up to $50,000Loan Amount Range
    • Up to 60 monthsRepayment Terms

    PenFed is MoneyGeek's choice as the runner-up for best personal loan lender in Wyoming, scoring 95 out of 100. Its loan products have a competitive APR range of 7.99% to 17.99%. PenFed offers a notable blend of favorable repayment terms, extending up to 60 months, and a speedy service, promising funds in one to two business days. The lender's standout attributes include exceptional rates and fees combined with strong loan terms flexibility, making it a respectable choice for borrowers seeking personal loans.


    • Offers some of the lowest APRs available
    • No early repayment penalty
    • Explicitly mentions that debt consolidation is available


    • No information provided about credit score requirements
    • $50 minimum monthly loan payment
    • No origination fee specified
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The amount of monthly debt payments you have relative to your monthly gross income is called your debt-to-income ratio, or DTI.

Most lenders prefer to see a debt-to-income ratio of 35% to 40% or below for secured loans and 40% to 45% or below for unsecured personal loans. Debt includes items like mortgages, car loans, credit cards and existing personal loans. A debt-to-income ratio above 50% is considered high, so approval may be more difficult, or your loan may come with higher interest rates.

Alvin Yam, CFP®

Calculate Your Monthly Loan Payment

Explore your loan options with our personal loan calculator, a simple tool to calculate monthly payments and total loan costs based on amount, interest rate and term length, helping you make informed decisions before committing.


    Best Personal Loan Lender in Wyoming for Bad Credit

  • Happy Money

    • 94MoneyGeek Score
    • 11.72% to 17.99%APR Range
    • 640Minimum Credit Score
    • $5,000 to $40,000Loan Amount Range
    • 24 to 60 monthsRepayment Terms

    MoneyGeek's pick for the best personal loan option in Wyoming for borrowers with low credit is Happy Money, with a score of 94 out of 100. Happy Money, not a lender itself, partners with various financial institutions to provide loans. It stands out with its approach to transparency, revealing upfront information about the borrowing process. It similarly excels in its reputable practices. Happy Money offers an APR range from 11.72% to 17.99%, which is competitive compared to other lenders. The minimum credit score required is 640, indicating an inclusive threshold for those with lower credit scores.


    • Works with 10 federally insured lenders to originate all loans
    • Transparent eligibility requirements, including credit score minimum
    • No application fee


    • The lenders it works with charge an origination fee
    • Longer time to wait for loan approval compared to other lenders analyzed
    Happy Money

How does MoneyGeek score lenders for bad credit loans?

    Best Personal Loan Lender in Wyoming for Debt Consolidation

  • Alliant Credit Union

    • 96MoneyGeek Score
    • 10.99% to 13.99%APR Range
    • UndisclosedMinimum Credit Score
    • $1,000 to $100,000Loan Amount Range
    • 12 to 60 monthsRepayment Terms

    Alliant Credit Union is MoneyGeek's top personal loan provider for debt consolidation in Wyoming. It offers competitive APRs from 10.99% to 13.99%. The lender earned a MoneyGeek score of 96 out of 100 due to its overall cost competitiveness and open communication with consumers. Alliant Credit Union requires membership for 90 days to qualify for a loan. It provides clear information on its processes and offers favorable rates and fees, aspects critical to borrowers consolidating debt.


    • Among the highest loan limits available in our analysis
    • Insured by the National Credit Union Administration (NCUA)
    • No prepayment penalties


    • An online-only credit union with no physical branches
    • Have to be a member for 90 days to apply
    Alliant Credit Union

How does MoneyGeek score lenders for debt consolidation?

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Interest on personal loans is generally not tax deductible, as personal loans are considered consumer debt. But there are some exceptions where the interest may qualify:

  • When consolidating high-interest qualifying debts like credit cards or student loans, if used to pay off those debts.
  • If used for home improvements that increase the home's value.
  • If the loan proceeds can be demonstrated as used exclusively for business expenses or starting a business.
  • In some cases, if the loan is used for investment purposes related to income-generating assets.

Alvin Yam, CFP®

Impact of Credit Score on Loan Repayment in Wyoming

Lenders evaluate your personal loan application based on your credit score and history, as well as your income and debt-to-income ratio. Higher credit scores typically unlock lower APRs, so improving your credit score before applying might significantly benefit your loan conditions.

Refer to the table below to see how varying credit scores can influence your monthly loan payments.

Data filtered by:Results filtered by:
Credit Band:
Credit Band:690 to 719
Loan Amount:
Loan Amount:$2,000
$348Term Length (Months)6
$180Term Length (Months)12
$97Term Length (Months)24
$69Term Length (Months)36
$55Term Length (Months)48
$47Term Length (Months)60
$42Term Length (Months)72
$38Term Length (Months)84

This table approximates monthly payments, calculated using median personal loan interest rates typical for various credit score ranges. These numbers are median estimates provided for general guidance. They should not be taken as precise rates for everyone in each credit score category. Actual interest rates can differ due to lender-specific policies, prevailing market conditions and unique borrower profiles.

Pros and Cons of Personal Loans in Wyoming

Personal loans can offer lower interest rates and help consolidate high-interest debt into one manageable payment, providing financial relief and simplification. They also enable quick access to funds and offer the flexibility to use the money for a variety of personal needs. Although there are many advantages, it's also important to know that personal loan benefits come with potential drawbacks, such as origination fees or the risk of collateral loss on secured loans.

To better understand these trade-offs, review the pros and cons of personal loans before making a decision.

The Pros and Cons of Personal Loans

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  • Competitive interest rates
  • Consolidation of higher-interest debt
  • Rapid funding speed
  • Flexibility in use of funds
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  • Potential for increased total loan cost due to origination fees
  • Risk of incurring penalty fees for early loan repayment
  • Possibility of losing assets with secured personal loans
  • Chance of accumulating excessive debt due to easy approval processes

FAQ About Personal Loans in Wyoming

If you have questions about personal loans, MoneyGeek has answers to help you make an informed decision before applying.

Who is the best lender in Wyoming for personal loans?
Where is the best place to get a personal loan in Wyoming?
Who has the best personal loan interest rates in Wyoming?
What can I use a personal loan for in Wyoming?
What are some personal loan red flags to look out for?
Do lenders consider income level when applying for a personal loan?
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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.