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Best Personal Installment Loans in GA
Discover the best personal installment loans in Georgia (GA) with our comprehensive guide. Amidst the Peach State's thriving financial landscape, borrowers can access a variety of competitive loan options, featuring flexible repayment terms, low-interest rates, and transparent fees. Get empowered...
Written by:Daniel Lewis
Finimpact has meticulously selected the top lender options for installment loans in GA by conducting an extensive vetting process. Our team has carefully reviewed each lender, evaluating their terms, interest rates, and customer service, ensuring only the most reliable and trustworthy choices are presented to you. Our detailed loan reviews have been crafted to provide a dependable source of information for potential borrowers, ensuring peace of mind when it comes to securing the best loan terms.
Top Picks for Personal Loans in GA
- LightStream - Best Overall Personal Loan
- Avant - Best for Small Personal Loans
- SoFi - Best Overall Personal Loan
- Upgrade - Best for Emergency Loans
- OneMain Financial - Best for Loans with Bad Credit
Georgia has seen a surge in demand for personal loans, with over $5.6 billion in new loans issued in 2021. Utilizing trusted sources like Finimpact can have a significant impact on your overall borrowing experience, helping you navigate the competitive market of installment loans in GA with ease. Our fluid, friendly, and trustworthy approach guarantees that you'll make well-informed financial decisions tailored to your individual needs.
Top Personal Loans in GA: Full Overview
Best Overall
LightStream — Best Overall Personal Loan
APR.
2.99% to 19.99%
Loan Amount
$5,000-$100,000
Min. Credit
Score Not Disclosed
Key Features
- Funding as soon as the same day
- Allows joint applications
- No origination fee
Pros & Cons
- Low APRs for good credit
- Loan amounts up to $100,000
- Check your rate with no impact on your credit
- Auto-pay discount available
- Not available for borrowers with bad credit
- Rates without auto-pay are .50% higher
- Minimum loan amount of $5,000
Overview
LightStream is our best personal loan overall because of their high loan amounts and the many repayment terms they offer. This provider advertises some of the lowest rates in the business, and offers an auto-pay interest discount, if you choose that payment option.
Main Features
The amount you can borrow with a LightStream personal loan varies based on the loan purpose, yet amounts up to $100,000 are available and loan terms can be up to 20 years. These loans come with no origination fees and no hidden fees, and a generous .50% auto-pay discount is available. Borrowers who qualify can expect interest rates from 3.49% to 19.99% with auto-pay.
To qualify, you need to have good credit that includes several years of credit history, sufficient income and assets to support your existing debt obligations and requested loan amount.
LightStream also has an app where customers can make payments, apply for new loans, track payment due dates, and track loan balances.
LightStream loans offer some of the industry’s lowest interest rates and some of its highest personal loan limits. If you have strong credit, this lender is ideal for you.
Avant — Best for Small Personal Loans
APR.
9.95% to 35.99%
Loan Amount
$2,000-$35,000
Min. Credit Score
580+
Key Features
- Low credit score requirements
- Allowed to refinance personal loans
- No prepayment penalties
Pros & Cons
- Low loan amounts available
- Check your rate with no impact on your credit
- Mobile app available
- Available for fair and poor credit
- Administration fee up to 4.75%
- Potential for a high APR
- Lower borrowing limits than other lenders
Overview
Avant is a solid option for borrowers who need a small personal loan from $2,000 to $35,000. Avant has a mobile app that lets you track your repayment progress and make payments using your mobile device.
Main Features
To qualify for a personal loan from Avant you’ll need a minimum credit score of 580. Consider these fair to poor credit loans if you need a smaller amount of $2,000 to $35,000, less an administration fee (similar to an origination fee) of 4.75%. Interest rates range from 9.95% to 35.99% based on creditworthiness, and the loans are repayable over 24 to 60 months.
Avant personal loans work for borrowers who need less cash than the other personal loan companies offer. Borrowers can get prequalified without a hard inquiry, and can get funds deposited in their bank account the next business day after approval.
SoFi — Best for Loans with No Origination Fee
APR.
6.99% to 21.78%
Loan Amount
Up to $100,000
Min. Credit Score
680+
Key Features
- No origination, prepayment, or late payment fees
- Joint applications accepted
- Offers .25% discount for autopay
- Borrowers up to $100,000
Pros & Cons
- Loan amounts up to $100,000 available
- Check your rate with no impact on your credit
- No origination fees or hidden fees
- Unemployment protection offered
- Same-day funding available
- High minimum loan amount of $5,000
- Not available for bad credit
- Lowest rates require auto-pay
Overview
SoFi offers personal loans, student loans, investing, and banking services. The personal loan personal loan comes with no origination fees and no hidden fees, which is ideal for borrowers who want to get a personal loan at minimal cost. SoFi also generous loan limits for those who qualify, and borrowers can check their rate without any impact to their credit.
Main Features
SoFi offers personal loans in amounts from $5,000 to $100,000, and interest rates range from 5.99% to 21.78% with auto-pay depending on creditworthiness. Borrowers can repay their loans over 24 to 84 months, and there are no origination fees or hidden fees. While SoFi does not disclose their minimum credit score requirements, this company offers loans to individuals with good or excellent credit.
SoFi personal loans are perfect for borrowers with good credit who want to avoid origination or other fees. These loans also work well for borrowers who need a high loan amount, as well as those who already use other financial products from this financial services company.
Upgrade — Best for Emergency Loans
APR.
5.94% to 35.97%
Loan Amount
$1,000-$50,000
Min. Credit Score
Not disclosed
Key Features
- Funding as soon as the next day
- Can be approved with fair credit
- Variety of discounts on rates
Pros & Cons
- Check your rate with no impact on your credit
- Funding in as little as one day
- Generous loan amounts available
- Choose from flexible repayment terms
- Origination fee charged on every loan
- Potential for a high APR
Overview
Upgrade personal loans are available for up to $50,000, and you can get your loan funded in as little as one day. This makes Upgrade a smart option if you need an emergency loan. You can get prequalified without a hard inquiry to determine your approval odds before making a full application. Then, once you apply, get approved within minutes.
Main Features
Personal loans through Upgrade come in amounts from $1,000 to $50,000, and borrowers can choose repayment terms that last from 24 to 84 months. Interest rates will fall between 5.94% to 35.97% depending on your creditworthiness. Also be aware that each Upgrade personal loan comes with an origination fee of 2.9% to 8%.
Upgrade personal loans can be funded as soon as the day after you apply. That makes them ideal for people who need a loan quickly , whether funds are required for a large purchase or an emergency expense.
OneMain Financial — Best for Loans with Bad Credit
APR.
18% to 35.99%
Loan Amount
$1,500-$20,000
Min. Credit Score
Undisclosed
Key Features
- Offers joint and secured loans
- Accepts low credit borrowers
- Can fund a loan the same or next business day
Pros & Cons
- Available for bad credit borrowers
- Visit 1,400 nationwide locations
- Check your rate with no impact to your credit
- Flexible repayment options
- Lower loan amounts than other lenders
- Potential for a very high APR
- High origination fees likely
Overview
OneMain Financial does not disclose their minimum credit score requirements. But, their loan options, interest rates, and terms make them ideal for borrowers with poor credit who may not get approved for other loans. Loan amounts are lower than some competing lenders offer, but OneMain Financial personal loans can still help you if you need access to cash. This company is also one of the few on our list that offers in-person branches you can visit if you need personalized help.
Main Features
Borrowers who apply for a loan with OneMain Financial may get approved for from $1,500 to $20,000. Repayment terms are from 24 months to 60 months, and interest rates may fall between 18% and 35.99% depending on creditworthiness. An origination fee of 1% to 10% may apply, although applicants in some states may be asked to pay a flat fee instead.
If you have poor credit but you need a loan, OneMain Financial might be your answer. Interest rates and fees are high, but you could borrow up to $20,000, if you can prove your ability to repay.
Evaluating Customer Service: The Key to a Successful Loan Experience
Exceptional customer service is a crucial factor in ensuring a successful loan experience. A lender with responsive and reliable customer support can make the loan process smoother and more manageable, providing assistance whenever needed. To help you assess the quality of customer service offered by potential lenders, we've compiled a list of practical tips and valuable insights.
| Criteria | Description |
| Research lender reputation | Look for online reviews and testimonials from previous borrowers to gauge the lender's reliability and responsiveness. |
| Check response times | Contact the lender with any questions or concerns and observe how quickly and effectively they respond, providing a sense of their overall attentiveness. |
| Assess communication channels | A lender with multiple communication options, such as email, phone, and live chat, demonstrates a commitment to being accessible and accommodating. |
| Visit local branches | If possible, visit a lender's local branch in person to experience their customer service firsthand. |
| Ask for recommendations | Consult friends, family, or colleagues who have had positive experiences with loan providers to gather trusted recommendations. |
| Inquire about support resources | A lender that offers comprehensive educational resources and financial tools can help guide you throughout the loan process and improve your overall experience. |
| Test problem-solving skills | Assess a lender's ability to address issues or concerns by presenting hypothetical situations and observing their proposed solutions. This can provide insight into their willingness to work through challenges and support borrowers. |
Securing the Best Installment Loans in GA: A Step-by-Step Guide
Securing the best installment loans in GA doesn't have to be a daunting task. Our step-by-step guide aims to simplify the process, providing practical advice and valuable tips to help you make informed decisions when choosing a loan that suits your financial needs and preferences.
- Evaluate your financial situation: Assess your current financial state, including income, expenses, and credit score, to determine the most suitable loan amount and terms for you.
- Shop around: Compare multiple lenders to identify those with the most competitive interest rates, fees, and terms that align with your financial requirements.
- Review loan terms and conditions: Thoroughly examine each loan's terms, looking for hidden fees, prepayment penalties, or other potential pitfalls that could negatively impact your borrowing experience.
- Apply with confidence: Once you've identified the best loan option, prepare and submit your application, ensuring all required documentation is accurate and up-to-date to increase your chances of approval.
- Monitor loan progress: After approval, stay vigilant in managing your loan, making timely payments, and keeping an open line of communication with your lender for a successful borrowing experience.
About the Author
Daniel Lewis
Daniel Lewis is an MBA accredited investment professional who wants to assist small business owners to gain access to finance.
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