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Best Personal Loans In Tulsa
In Tulsa, where the cost of living is rising, loans for home improvements, debt consolidation, and covering expenses such as a move, vacation, or wedding are becoming increasingly common. With so many options available, it can be challenging to choose the right personal loan for your needs.
Written by:Daniel Lewis
With an average credit score of 688, Tulsa residents have many options to choose from for loan providers which can make it difficult to decide the right loan provider. Whether you're looking to consolidate debt or pay for a home renovation project, we'll explore some of the best personal loans in Tulsa to help you make an informed decision.
Top Picks for Personal Loans in Tulsa
- 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
Choosing the best personal loan in Tulsa 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
It's critical to examine each lender's rates, fees, and fine print to ensure you're getting the best deal available. You can be confident that you have chosen the greatest option available in Louisiana for your financial position if you follow our suggestions and conduct your due diligence on any potential lender or loan product before making a decision.
Best loans In Tulsa - Full Overview
Here are some of the best personal loans available to residents of Tulsa including the entire state of Oklahoma.
Best Overall
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.
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.
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.
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.
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.
How to Apply for a loan in Tulsa
Our rating system factored in essential elements such as loan length, repayment terms, user experience, customer service, credit score history, banking and credit union use, and additional features to determine the best options for borrowers in Tulsa.
When applying for a loan in Tulsa, there are several steps you should take to ensure that the process goes smoothly. Firstly, research different lenders in the area and compare their interest rates, loan terms, and customer service ratings.
Once you have found a suitable lender, gather all necessary documentation such as proof of income, employment verification, and identification. Then, fill out the loan application form accurately and completely, making sure to provide all requested information. Before submitting your application, double-check all details to avoid errors or omissions.
Here are seven additional practical tips to keep in mind when applying for a loan in Tulsa:
- Know your credit score and improve it if necessary. A higher credit score can lead to lower interest rates and better loan terms.
- Be prepared to explain any negative items on your credit report, such as missed payments or defaults.
- Consider getting a co-signer with a good credit score to increase your chances of approval.
- Check if there are any prepayment penalties or hidden fees associated with the loan.
- Ask about any special programs or discounts that may be available to you, such as military or student discounts.
- Understand the consequences of defaulting on the loan and have a plan in place to repay it.
- Follow up with the lender regularly to ensure that your application is progressing and to address any concerns or questions.
| Type of Account | Interest Rate | APY |
| 30-year fixed mortgage | 6.607% | N/A |
| 15-year fixed mortgage | 5.622% | N/A |
| 5-year adjustable-rate mortgage (ARM) | 6.851% | N/A |
| Savings account | 0.10% | Variable |
| Money market account | Varies by institution | Variable |
| Checking account | Varies by institution | Variable |
| Auto loan | Varies by institution | N/A |
Sources:
ZillowDataTrac
RatesAndInfo
DataTrac
How to negotiate better loan terms in Tulsa
Negotiating better loan terms in Tulsa can be a daunting task, but it is important to remember that it is possible to get a better deal on your loan if you negotiate effectively. Start by researching different lenders and their loan terms to understand the market. When negotiating, be prepared to explain why you deserve a better rate or loan terms, such as having a good credit score or a stable income. Be confident in your approach and don't be afraid to ask for what you want. It's also important to know when to walk away from a deal if it's not meeting your needs.
Step | Action | Explanation |
| 1 | Research different lenders and their loan terms | Understand the market |
| 2 | Determine your desired loan terms | Know what you want to achieve |
| 3 | Prepare reasons why you deserve better terms | Have a strong case for negotiation |
| 4 | Call lenders and negotiate with confidence | Clearly state your goals |
| 5 | Be willing to walk away if terms are not satisfactory | Don't settle for less than what you deserve |
| 6 | Consider working with a loan broker | Brokers can help negotiate on your behalf |
| 7 | Review final loan agreement carefully | Make sure all agreed-upon terms are included |
- Research local lenders, including credit unions and community banks, as they may offer more flexible loan terms.
- Use online loan comparison tools to find the best loan rates in Tulsa.
- Negotiate the loan term length, interest rate, and fees to achieve your desired monthly payment.
- Consider consolidating your debt with a personal loan to get a lower interest rate.
- Prepare a list of your assets and liabilities to demonstrate your financial stability to lenders.
- Look for lenders that offer pre-approval, which can give you more leverage when negotiating loan terms.
- Don't be afraid to ask for concessions, such as waiving application fees or reducing interest rates for timely payments.
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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