What is the best personal loan lender in Wyoming?

LightStream is MoneyGeek’s top pick among personal loan providers in Wyoming. However, the best lender for you can vary based on your personal circumstance and financial situation.

Which lender in Wyoming has the lowest interest rate?

Upstart offers the lowest interest rate for personal loans in Wyoming at as low as 3.22%. Still, your interest rate is determined by factors such as your credit score, income and loan details.

Can I use a personal loan for vacations in Wyoming?

You’re usually allowed to use your loan proceeds for personal purposes such as vacations. However, some companies have limitations on how your loan money can be used.

Can I use a personal loan for home improvement in Wyoming?

Yes, you can use your personal loan to finance your home improvement efforts. Best Egg is the best personal loan lender in Wyoming for such purposes.

What can I not use my personal loan for in Wyoming?

Typically, you can’t use your personal loan proceeds for investments, real estate purchases and post-secondary education. Check with your loan provider for additional limitations.

How much can I borrow in Wyoming?

Personal loan providers in Wyoming offer loans from $1,000 to $100,000. That said, your maximum loanable amount is determined by your chosen lender and your financial profile.

How long does it take to get a personal loan in Wyoming?

Depending on your loan provider, you can expect funds to be released on the same day you’re approved, but it can also take up to a week.

Can I pay off my loan early in Wyoming?

You may pay off your personal loan in Wyoming ahead of schedule. However, check with your provider if they charge any penalties on prepayments.

Top Lenders & Best Picks for You

Best Personal Loans in Wyoming

The best personal loans in Wyoming are provided by LightStream. Its competitive rates, lack of origination fees and same-day funding are some of the reasons why it's our top choice.

MoneyGeek evaluated the top lenders for personal loans in Wyoming and found that Upstart is the best for borrowers with bad credit, while SoFi is the best for people with good credit. Upgrade offers the best debt consolidation deals, and Best Egg is ideal for home renovation projects.

WHAT WE’RE GEEKING OUT ON

The Best Overall Personal Loan Lender in Wyoming
The Best Personal Loan Lender for Bad Credit in Wyoming
The Best Personal Loan Lender for Good Credit in Wyoming
The Best Personal Loan Lender for Debt Consolidation in Wyoming
The Best Personal Loan Lender for Home Improvements in Wyoming
How to Choose the Right Personal Loan for You
What to Do if You Can’t Get a Debt Consolidation Loan in Wyoming
Calculate Your Monthly Payment
Frequently Asked Questions About Personal Loans in Wyoming

MoneyGeek’s Pick for Best Personal Loan Lender in Wyoming: LightStream

To help you find the best personal loans in Wyoming, MoneyGeek rated various lenders in the state using over 30 data points in the process.

We examined each company’s personal loan package in terms of loan amount, repayment terms and interest rate. Our team also evaluated factors that influence your approval chances, including requirements for credit score, gross income and age. Likewise, we analyzed a company’s ability to deliver quality service. Finally, we checked the ease of their application process and if they offer mobile apps.

Best Overall Personal Loan Lender in Wyoming: 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
MoneyGeek’s choice as the best personal loan provider in Wyoming is LightStream. They offer low interest rates, high loan amounts and flexible repayment options. Additionally, it doesn’t charge origination, prepayment and late payment fees.
LightStream conducts hard inquiries to check an applicant’s credit score but allows joint loans, which people with lower credit scores can use to improve their chances of approval. It can fund loans at the time of approval.
While you can use your personal loan from LightStream for nearly anything, including debt consolidation, there are restrictions. For example, you can’t use your proceeds to contribute to any sort of retirement, life insurance or education savings plan.
SunTrust bank, which was later merged with BB&T to form Truist, established LightStream in 2012 as their online lending arm. Since then, LightStream has been a leading provider of low-interest and fixed-rate loans for various purposes.
Pros
Offers loans up to $100,000
Allows joint loans
No origination fee
No prepayment penalty
No late fee

Cons
Not available to people with new or no credit
Conducts hard credit inquiry
Does not allow co-signers
Restrictions on usage of funds
APR Range: 4.49%–20.49%
Minimum/maximum loan amount: $5,000–$100,000
Minimum credit requirements: 660
Repayment terms: 24–84 months
Time to receive funds: Same day
on LightStream Website

Best Personal Loan Lender for Bad Credit in Wyoming: 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
Upstart was launched in 2012 and is a pioneer in the use of artificial intelligence in evaluating a borrower’s creditworthiness. They are MoneyGeek’s pick as the best personal loan provider in Wyoming for people with poor credit scores.
Upstart has low credit score requirements, allowing applicants with a score of 300. Additionally, they only conduct a soft inquiry when verifying credit scores. People with poor credit scores and a minimum gross income of $12,000 can apply for a joint loan to increase their chances of approval.
If you are looking for a loan higher than $50,000, Upstart may not be the right choice. It is also not an option for individuals with a debt-to-income ratio higher than 45%. However, the company releases funds the next day, and while they charge an origination fee of up to 8%, they don’t have prepayment penalties.
Pros
Low minimum gross income requirement
Low credit score requirement
Interest rates as low as 3..22%
Conducts soft inquiry for credit checks
No prepayment penalty

Cons
Not available to people with new or no credit
Charges up to an 8% origination fee
Doesn’t disclose rates online
Charges late fees
Does not allow co-signers
APR range: 3.22%–35.99%
Minimum/maximum loan amount: $1,000–$50,000
Minimum credit requirements: 300
Repayment terms: 36–60 months
Time to receive funds: Next day
on Upstart Website

Best Personal Loan Lender for Good Credit in Wyoming: 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
SoFi is MoneyGeek’s pick as Wyoming’s best personal loan company for people with good credit scores. SoFi was founded in 2011, initially offering student loans to the market, and has since diversified its products and services.
SoFi requires a credit score of 680 and a $50,000 gross income. However, those approved have access to up to $100,000 and flexible payment terms with a 0.3% auto payment discount. The maximum term of the loan is 60 months. Additionally, the company does not charge origination fees and does allow joint loans. The latter can be useful in securing high loan amounts.
With its high credit requirements, this lender is not for borrowers with poor to fair credit scores.
Pros
No origination fee
Conducts soft inquiry credit check
Up to $100,000 loan amount
Up to 60 months repayment term
Allows joint application

Cons
Requires at least $50,000 gross income
Doesn’t disclose rates on their website
Not available to people with new or no credit
Has a debt-to-income limit of 43% or less
Does not allow co-signers
APR range: 5.74%–20.28%
Minimum/maximum loan amount: $5,000–$100,000
Minimum credit requirements: 680
Repayment terms: 12–60 months
Time to receive funds: Two days
on SoFi Website

Best Personal Loan Lender for Debt Consolidation in Wyoming: 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
MoneyGeek’s pick as the top personal loan provider in Wyoming for debt consolidation is Upgrade. One advantage of Upgrade is that they pay lenders directly if debt consolidation is the loan’s purpose. Another is that their repayment term can go for as long as 60 months.
Upgrade’s credit score requirement is relatively moderate at 560, and the company does not conduct hard inquiries when checking credit scores. Upgrade offers a 1% auto payment discount.
That said, there are restrictions on how you may use the funds. An Upgrade personal loan may not be suitable for those who need to fund their post-secondary education or if you wish to use the loan for investment purposes.
Upgrade was established in 2017 and primarily focuses on unsecured personal loans nationwide. Nonetheless, they also offer products such as secured personal loans, auto loans, credit cards and checking accounts.
Pros
Offers a 1% discount for auto repayment
No prepayment penalty
Moderate credit score requirement
Conducts soft credit inquiries
Offers direct payment to creditors

Cons
Maximum loan amount is $50,000
Has origination fee
Has late fees
Does not accept those with new or no credit
Does not allow co-signers
APR range: 5.94%–35.47%
Minimum/maximum loan amount: $1,000–$50,000
Minimum credit requirements: 560
Repayment terms: 36–60 months
Time to receive funds: Same day
on Upgrade Website

Best Personal Loan Lender for Home Improvement in Wyoming: 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
Best Egg was created in 2014 as an online lending provider, with Cross River Bank and Blue Ridge Bank underwriting their personal loans. It offers loans in 47 states, including Wyoming.
MoneyGeek’s research shows Best Egg is the best personal loan company in Wyoming for people looking to finance their home improvements. They have reasonable offers in terms of APR, maximum loan amount and repayment term, and a small discount for automatic payments. They also don’t charge prepayment fees for advance payments.
Best Egg requires a minimum credit score of 700 and a $50,000 gross income. The company conducts soft inquiries when checking credit scores, but their loans carry an origination fee.
Pros
Does not charge prepayment penalty
0.5% discount for auto payments
Conducts a soft credit inquiry
Rates are easily accessible on their website

Cons
Requires a minimum credit score of 700
Gross income requirement of $50,000
Does not accept those with new or no credit
Charges up to 6% origination fee
Charges a late fee
APR range: 4.99%–35.99%
Minimum/maximum loan amount: $2,000–$50,000
Minimum credit requirements: 700
Repayment terms: 36–60 months
Time to receive funds: Next day
on Best Egg Website

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

The average personal loan debt in Wyoming is $24,435. Personal loans have become a popular way to finance both planned and unplanned expenses due to their flexibility and ease of application. Although personal loans have simple requirements, it makes sense to study certain variables when applying for a loan. MoneyGeek evaluated the steps you should take to get the best personal loan in Wyoming.

Ask Yourself the Important Questions

Start by asking yourself some important questions before proceeding with your personal loan application to ensure it’s the best fit for your needs.

How much money do you need? You’ll be paying interest on your loan, so it makes sense to borrow only as much as you need for your specific purpose. If you’re applying for a loan to fund the purchase of a recreational item, for instance, consider saving instead of taking on debt.
What’s your credit score? It’ll be more difficult to get approved for a personal loan if you have a low credit score. Check your preferred lender’s credit score requirements before applying for a loan.
Can you afford the monthly payment? You’re going to pay your personal loan in monthly installments. Before taking on the debt, make sure you have enough disposable income to make those payments and still have enough money to live on.
Do you have existing debts? One of the things that lenders check is your debt-to-income ratio. You can have your loan declined if a high percentage of your income already goes into paying existing debts.

Do Your Research

It makes sense to gather all the information you can before applying for a loan. Scrutinize the company’s policies regarding interest rates, monthly payments, credit checks and more. Likewise, look out for any restrictions that their loan may have, as some providers don’t let you spend the money on certain things.

MoneyGeek collected all the information you need when applying for a personal loan in Wyoming. However, our analyses are based on generalizations, and our findings may not apply to your specific needs and situation. Conduct your own research to find the best personal loan provider for you.

Wait

Since personal loans are a big financial commitment, you should step back and wait for a day or two before finalizing your decision. The time may give you a better perspective and understanding of the situation, allowing you to make the best choice for your needs.

Although you can pay your personal loan over time, they typically come with high interest rates. That can add up over time. Consider saving for a non-essential item instead of taking out a loan to finance its purchase.

Read the Fine Print

If you’ve decided that a personal loan is the best way to cover your financial needs, focus on a lender and revisit their offer. Look beyond their marketing slogans and study their fine print.

Take a look at details such as prepayment penalties, late payment fees, early payout fees, origination fees and other fees that can add to your expenses. Carefully studying a provider’s offer can save you money, as you’ll be able to avoid unnecessary fees that may come with your personal loan.

Apply for the Loan

Once you’ve evaluated all your options, assessed the fine print and feel confident with your chosen lender, you’re ready to apply for a personal loan. Prepare the documents that are typically required by lending companies, such as your identification, address and proof of income.

You have the option to apply for your loan online. While it’s convenient, it’s also not a bad idea to call or visit your lender’s office if you have additional questions or just prefer interacting in person.

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

Even after all the preparation and research on your part, your loan application may be declined. Lenders in Wyoming deny personal loans for various reasons, such as low credit score, insufficient income or a high debt-to-income ratio.

If your loan is denied, you can always contact the lender and ask why they didn’t approve your application. Find out if the terms can be modified in order to reverse their initial decision. This can include a shorter term or decreasing your loan amount.

Similarly, you can apply at a different company, but it’s better to improve your profile first before going to another lender. You should address why your initial loan was denied to have a better chance the next time you apply.

No matter how desperate you are, avoid payday loans. They have short repayment terms with high fees and interest rates.

Frequently Asked Questions About Personal Loans in Wyoming

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 Wyoming.

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. Learn more about our editorial policies and expert editorial team.