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Best Personal loan in Greenville, SC
Discover the top personal loan options in Greenville, SC, as we guide you through a carefully curated list of reputable lenders, interest rates, and repayment terms to help you find the perfect financial solution tailored to your unique needs.
Written by:Daniel Lewis
At Finimpact, we've meticulously handpicked the best lender options for a loan in Greenville, SC to simplify your search for the ideal financial solution. Our team has thoroughly vetted and reviewed each lender to ensure their credibility and trustworthiness, providing you with peace of mind knowing that you are receiving reliable information from a dependable source.
Top Picks for a Personal Loans in Greenville, SC
- 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
By choosing a loan in Greenville, SC from our curated list, you can benefit from competitive loan terms and exceptional customer service. We're committed to offering a fluid, friendly, and trustworthy experience while helping you make informed decisions to secure your financial future in Greenville, SC.
Top Personal Loans in Greenville, SC: 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.
Interest Rates and Loan Duration: Finding the Best Fit
Interest rates and loan duration play a crucial role in determining the overall cost and affordability of a personal loan in Greenville, SC. When selecting a loan, it's important to strike a balance between a manageable interest rate and a suitable repayment term. A lower interest rate usually means lower monthly payments, but extending the loan duration can also help reduce the monthly burden.
Conversely, a shorter loan term may increase monthly payments, but you'll pay less interest overall. To find the best fit, consider your financial situation, loan purpose, and long-term repayment capacity.
- Fixed vs. Variable Rates: Fixed rates offer predictability and stability, while variable rates may fluctuate based on market conditions, potentially saving you money or costing more over time.
- Loan Comparison: Research multiple lenders and loan options to find the best combination of interest rates and loan duration.
- Prepayment Penalties: Some loans charge prepayment penalties, which can affect your decision to pay off the loan early and save on interest.
- Refinancing Opportunities: If interest rates drop, refinancing your loan can help you save on interest costs and adjust your repayment term.
- Credit Score Impact: A better credit score can lead to more favorable interest rates and loan terms, so work on improving your credit before applying for a loan.
- Debt-to-Income Ratio: Lenders consider your debt-to-income ratio when determining interest rates and loan duration; reducing your existing debts can improve your loan prospects.
- Loan Purpose: Consider the purpose of the loan and its urgency to determine the appropriate loan duration, balancing monthly payments with the total interest paid over time.
Essential Documents for Loan Application
When applying for a loan in Greenville, SC, it's crucial to gather all the essential documents required for a smooth loan application process. Lenders will assess your financial standing and ability to repay the loan by examining these documents. By providing the necessary paperwork, you increase your chances of securing a favorable loan offer.
| Document Type | Description |
| Proof of identity | Provide a government-issued ID to confirm your identity. This could be a driver's license or passport. |
| Proof of income | Lenders need to verify your income through documents like pay stubs or bank statements to ensure you can repay the loan. |
| Employment verification | A letter from your employer, verifying your employment status and length of service, can help boost your application. |
| Credit report | A copy of your credit report helps lenders determine your creditworthiness and repayment history. |
| Tax returns | Submitting your tax returns for the past two years demonstrates your financial stability and ability to manage debt. |
| Bank statements | These provide insight into your financial transactions and overall financial health. |
| Collateral documentation | If you're applying for a secured loan, documentation of collateral (e.g., property deed or car title) is necessary to establish its value and your ownership. |
Benefits of Online Loans in Greenville, SC
Online loans in Greenville, SC offer a range of benefits that make them an attractive option for individuals seeking financial assistance. These loans provide quick access to funds, often with less paperwork and more flexible terms than traditional loans.
By leveraging technology and digital processes, online lenders can deliver a streamlined borrowing experience, helping borrowers to save time and avoid the hassle of visiting a physical branch. With a wide array of loan products and competitive interest rates, online loans can be tailored to meet the unique needs of each borrower.
| Benefit | Description |
| Convenience | Applying for an online loan in Greenville, SC is easy and can be done from the comfort of your home, saving time and effort. |
| Faster Approval | Online loans typically have quicker approval times, meaning you'll receive the funds you need sooner than with traditional loans. |
| Competitive Rates | Online lenders often offer competitive interest rates and more flexible terms, making online loans an affordable option for many borrowers. |
| Privacy and Security | Online loan applications often come with robust security measures, ensuring your personal and financial information remains protected. |
| Wide Range of Options | Online lenders offer a variety of loan products, allowing you to find the best fit for your financial needs. |
| Simplified Comparison | Online loan comparison tools make it easy to evaluate different loan offers, ensuring you choose the most favorable option. |
| Digital Documentation | The online loan process requires less paperwork, and digital document storage makes it easy to keep track of your loan information. |
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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