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Discover the Best Personal Missouri Loan Options

Explore top Missouri loan options tailored to your financial needs. With a variety of lenders offering competitive interest rates and flexible terms, our guide simplifies the process of securing the best personal loan for your unique circumstances.

Discover the Best Personal Missouri Loan Options
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.

At Finimpact, we understand the importance of finding the right financial partner which is why we've gone the extra mile to identify and review the best lender options available in the state. Our dedicated team has meticulously vetted and analyzed each lender to ensure that our recommendations meet the highest industry standards. We place our trust in transparency and reliability, providing you with loan reviews that you can confidently rely on.

Best Personal Loans for 2023 reviewed by

Top Picks for Personal Loans in Missouri

By choosing to work with a trusted source like Finimpact, you not only save time but also enhance your chances of securing the most favorable loan terms tailored to your specific needs. Our commitment to providing quality information and expert insights will empower you to make well-informed decisions that positively impact your financial future.

Top Personal Loans in Missouri: Full Overview

Missouri has a diverse economy with numerous financial institutions and lending options available to residents. In such an environment, it's essential to have a knowledgeable and trusted partner like Finimpact to help you navigate the complex landscape of personal loans. Trust our expertise and let us guide you towards the best loan solutions for your needs in Missouri. Together, we can achieve your financial goals and pave the way to a brighter tomorrow.

LightStream — Best Overall Personal Loan


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.

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

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.

The Bottom Line

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

Avant — Best for Small Personal Loans

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.

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

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.

The Bottom Line

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.

Try Avant

SoFi — Best for Loans with No Origination Fee


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.

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 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.

The Bottom Line

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.

Try SoFi

Upgrade — Best for Emergency Loans

Upgrade — Best for Emergency Loans

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.

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

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%.

The Bottom Line

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

OneMain Financial — Best for Loans with Bad Credit

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.

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

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.

The Bottom Line

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.

Tips to Improve Your Credit Score for Better Loan Options in Missouri

Improving your credit score is essential for securing better loan options in Missouri, as lenders use this information to determine your creditworthiness and the terms of your loan. By taking steps to enhance your credit rating, you can access more favorable interest rates and borrowing conditions. To help you achieve a higher credit score, we've compiled a list of practical tips tailored for Missouri residents.

  1. Review your credit report: Regularly check your credit report for inaccuracies and dispute any errors. An accurate report reflects a true picture of your creditworthiness.
  2. Pay bills on time: Make timely payments for all bills, including utilities and credit cards, as this demonstrates financial responsibility and positively impacts your credit score.
  3. Reduce credit card balances: Aim to maintain low credit card balances relative to your credit limit. High credit utilization can harm your credit score.
  4. Diversify your credit mix: Maintain a healthy mix of credit types, such as installment loans and revolving credit. This shows lenders you can manage various credit products responsibly.
  5. Limit hard inquiries: Avoid multiple hard inquiries in a short period, as they can temporarily lower your credit score. Carefully select the lenders you apply to for a Missouri loan.
  6. Establish a credit history: Open a credit account, even if it's a secured credit card, to build a credit history. A longer credit history positively influences your credit score.
  7. Seek professional advice: Consult with a credit counselor or financial advisor to develop a personalized plan to improve your credit score, tailored to your specific financial situation.

The Pros and Cons of Secured vs. Unsecured Loans in Missouri

When considering a Missouri loan, it's essential to understand the differences between secured and unsecured loans, as each has its own set of advantages and disadvantages. These loan types cater to different financial needs and risk appetites, so understanding the pros and cons can help you make an informed decision. To assist you in weighing your options, we've provided a list of practical information on the benefits and drawbacks of secured and unsecured loans in Missouri.

Loan TypeProsCons
Secured loans- Lower interest rates: Secured loans typically offer lower interest rates, as they're backed by collateral, reducing the lender's risk.- Risk of asset loss: If you default on a secured loan, you risk losing the asset used as collateral, such as your home or car.
 - Higher borrowing limits: With collateral in place, lenders may be more willing to offer larger loan amounts for secured loans.- Longer processing time: The process of evaluating and appraising collateral can extend the loan approval time.
Unsecured loans- No collateral required: Unsecured loans don't require collateral, making them more accessible for borrowers without valuable assets.- Higher interest rates: Due to the increased risk for lenders, unsecured loans generally come with higher interest rates.
 - Faster approval process: With no need for collateral appraisal, unsecured loans often have quicker approval times.- Lower borrowing limits: Lenders may offer smaller loan amounts for unsecured loans, as they're not backed by collateral.

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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