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Best Personal Loans In Georgia

The average amount borrowed on personal loans in the state of Georgia is $9,789. To be eligible for a loan, most lenders require borrowers to have good or fair credit. Approval is often granted quickly with the funds available after a short period of time.

Best Personal Loans In Georgia
Daniel Lewis
Written by:Daniel Lewis
MBA accredited investment professional
Finimpact Affiliate Disclosure

Many or all of the products featured here are from our partners who compensate us. This may affect which companies we write about and where the company appears on a page. However, any analyses, or reviews expressed in this article are those of the author’s alone, and have not been approved or endorsed by any partner.

Finding the finest loan in Georgia might be a difficult undertaking. That's why Finimpact has done the legwork for you, verifying and reviewing each lender to ensure you have access to the greatest loan options available. 

Best Personal Loans for 2023 reviewed by

Top Picks for Personal Loans In Georgia

Choosing the best installment loan in Georgia can be a daunting task. Our expert loan reviewers consider some the following when assessing loan providers:

  • Loan Features
  • Interest Rates & Fees
  • Application Process
  • Qualification Process 
  • Customer Support 
  • Online User Reviews

Keep in mind that different lenders offer varying rates and conditions. Before making a final decision, examine all of your possibilities, taking into account all of the factors outlined above, as well as how quickly you will need access to funds and any other relevant facts. Moreover, before signing on the dotted line, make sure you thoroughly read any contracts so that you fully grasp what is being offered and what obligations are tied to it.

Best Personal loans In Georgia - Full Overview

We consider all essential aspects, such as interest rates and payback conditions, as well as customer service scores. Our research ensures that our customers may discover the best loan for their specific circumstances. 

Best Overall

LightStream — Best Overall Personal Loan

2.99% to 19.99%
Loan Amount
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

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

9.95% to 35.99%
Loan Amount
Min. Credit Score
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

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 review

SoFi — Best for Loans with No Origination Fee

6.99% to 21.78%
Loan Amount
Up to $100,000
Min. Credit Score
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

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

5.94% to 35.97%
Loan Amount
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

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

18% to 35.99%
Loan Amount
Min. Credit Score
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

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.

What Documents Do You Need to Acquire a Personal Loan in Georgia?

Obtaining a personal loan might be a difficult undertaking. It entails studying, budgeting, and comprehending the paperwork. While applying for a personal loan in the state of Georgia, you must supply specific documentation. They include proof of income, valid identification, documentation of debt and credit history, and other financial documents. The following are the documentation required to obtain a personal loan in Georgia:

Evidence of Income: When applying for a personal loan in Georgia, lenders will want proof that you have sufficient income to repay the loan. This can include prior year's pay stubs or tax returns, as well as bank statements demonstrating your deposits and withdrawals over time.

Valid Identification: A valid driver's license or passport will be necessary to establish your identity when applying for a personal loan in Georgia. It is critical that this document is current and authentic in order to assure accuracy throughout the procedure

Debt & Credit History Documentation: Lenders must check your credit score and debt history as part of the application process before deciding whether or not to approve your application for a personal loan in Georgia. As a result, you must produce papers demonstrating how successfully you handle money on an ongoing basis, such as credit reports or statements from current creditors.

Financial Documents: Before deciding whether or not to approve your application for an individual loan in Georgia, lenders may require more detailed information about your finances, such as bank account numbers, proof of assets (if applicable), investment account information (if applicable), and so on.

Additional Documents: Depending on the circumstances, lenders may want additional evidence, such as legal forms, if there have been any problems with past loans or if the application involves several co-signers.

Tips on Improving Your Chances of Approval for a Personal Loan in Georgia

Asking for a personal loan can be nerve-racking, especially when it comes to the approval process. Understanding what you need to do to increase your chances of approval can make the entire process a lot easier and less stressful. Before being accepted for a personal loan in Georgia, many standards and requirements must be satisfied.

Familiarizing yourself with these requirements, understanding what lenders are looking for, and following some easy suggestions can considerably boost your chances of acceptance.

  • Check Your Credit Score - Before applying for a personal loan in Georgia, you should check your credit score to see what types of loan offers you might be eligible for. The higher your credit score, the more probable it is that you will be approved with better prices and terms.
  • Collect Needed Documentation - Before considering approving you for a personal loan, lenders will require certain documents such as income statements, bank statements, proof of address, and identity. When submitting any documents, ensure that they are up to date and accurate, since any discrepancies or errors may result in delays or even refusal of permission.
  • Browse About For Rates & Terms - Because different lenders provide different rates and terms on their loans, it's necessary to conduct some preliminary research to get the best deal available for your individual scenario. Taking the time to examine offers from different lenders can save you money in the long run by allowing you to get authorized at lower rates than if you simply considered one lender's offer.
  • Thoroughly Read Loan Conditions Before Signing - Once an offer has been made and accepted, it is critical that all terms are properly read over before signing any agreements so that there is no doubt later on about what was agreed upon at the time of signing.
  • Consider Secured Loans - If your credit score is low or if other factors make unsecured loans problematic, secured loans may be an alternative worth examining because they have fewer eligibility restrictions than unsecured loans due to collateral requirements that provide better security for lenders.


How to Calculate Your Total Cost of Credit When Taking Out a Personal Loan in Georgia

A personal loan can be a good way to pay for large expenses like home improvements or medical bills. Yet, it is critical to understand the overall cost of your credit when taking out a personal loan in Georgia. Understanding the overall cost of your credit allows you to make more informed judgments about how much debt you can handle and which type of loan is best for you. When determining the overall cost of a personal loan in Georgia, keep the following five elements in mind:

Loan Amount: Because lenders normally charge higher interest rates on larger loans, the loan amount has an impact on the total cost of the loan. If you borrow $3,000 at a 10% interest rate, your total finance charges would be $300 ($3,000 x 10%).

Interest Rate: Interest rates vary based on the lender and the credit score of the borrower. Higher interest rates imply greater finance charges over time, thus it is critical to evaluate offers from various lenders before making a decision.

Loan Term: The term of your loan is particularly essential because it influences the amount of interest that accumulates over time. Shorter durations typically have lower interest rates but larger monthly payments, whereas longer terms may have higher interest rates but lower monthly payments.

Origination Fees: Certain lenders may impose origination fees for obtaining a personal loan in Georgia, which raises the overall costs of borrowing money from that lender. It is critical to inquire about any costs before signing any contracts so that you understand how much these fees will add to your total cost of credit.

Prepayment Penalties: Several lenders penalize borrowers who pay off their loans early by adding extra fees or increasing interest rates on the remaining sum outstanding. This can soon mount up, so before signing any contracts or agreements with a lender, inquire if there are any prepayment penalties involved with taking out a personal loan in Georgia.


Are there any restrictions on the amount I can borrow?

The amount you are eligible to borrow will depend on factors including your credit score and income level. Generally speaking, lenders will have their own criteria when it comes to setting borrowing limits.

Are there any additional fees associated with taking out a loan in Georgia?

Yes, there may be additional fees such as application fees, closing costs, and other miscellaneous charges associated with taking out a loan in Georgia.

How long does it take to get approved for a loan in Georgia?

The approval time for a loan varies depending on the type of loan you are applying for and the lender. Generally, it can take anywhere from one day up to one month or more.

About the Author

Daniel Lewis

Daniel Lewis

MBA accredited investment professional

Daniel Lewis is an MBA accredited investment professional who wants to assist small business owners to gain access to finance.

More about me

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