Where to Get Loans Near Me

Loan Guides      Personal Loans      Where to Get Loans Near Me

If you’re interested in applying for a personal loan, it’s important to know what lenders offer them and how to find the best one for you.

While they are available from a wide variety of lenders, there is no single best option, so it’s important to know and compare all of your options.

With that being said, let’s take a look at where you can get a personal loan.

Compare Personalized Loan Offers in Less Than 60 Seconds

Where to Get Loans Near Me

Lenders can essentially be broken down into three main categories: banks, credit unions, and online lenders. Each option offers different pros, cons, and requirements, so be sure to weigh your options carefully before choosing one.


Typically, banks have fairly rigorous eligibility requirements. To qualify for reasonable rates and terms, you’ll likely need a credit score of at least 680.

While these requirements can be strict, they allow banks to lend more money as they are taking on less risk. As a result, you can expect higher borrowing limits than you’d find with other lenders.

Additionally, some banks offer discounted rates to existing customers, so it’s worth checking with your current bank to see if you qualify for special rates or terms.

Credit Unions

Unlike banks, credit unions answer to their members, not shareholders or board members. As such, they’re often able to offer extremely competitive rates and terms to their members.

You’ll still need a decent credit score (630+) to qualify for decent rates; however, most credit unions have much more lenient eligibility requirements than banks. Borrowing limits are also typically lower than the limits offered by banks. Interest rates may also be lower than you find with other lenders.

To qualify, you’ll need to be a member of a credit union. Every credit union has different membership requirements, so contact your local credit union for more information.

Online Lenders

Lastly, online lenders allow borrowers to compare, apply, and qualify for personal loans quickly without even needing to leave the house.

Most online lenders use soft credit pulls to determine your eligibility before you apply. This allows you to get quotes and rates from lenders without impacting your credit score.

These lenders typically have fairly lenient eligibility requirements and are willing to work with borrowers who have poor credit. You’ll also have more options to choose from, including peer-to-peer lenders.

However, interest rates may be higher as online lenders often take on additional risk by lending to borrowers with poor credit.