Best Personal Loans in Peoria, AZ

Corporate America Federal Credit Union stands out as the best personal loan lender in Peoria, Arizona, with a MoneyGeek score of 99 out of 100. CAFCU, which is federally insured by the National Credit Union Administration (NCUA), has been serving members since 1939.

It offers an APR as low as 9.99%, which is appealing for those seeking affordability. Additionally, the minimum loan amount is $100, providing flexibility for borrowers with varying financial needs. However, the borrowing limit is $25,000, which may not be sufficient for those needing larger loans. Also, be aware of its skip-a-payment fee of $39, which could add to your costs if you need to defer a payment.

Laurel Road is the best online lender for personal loans in Peoria, Arizona, with a MoneyGeek score of 94 out of 100. The lender provides a loan amount range from $5,000 to $45,000 and repayment terms between 36 and 60 months. Laurel Road offers a 0.25% autopay discount which can reduce the overall interest paid over the life of the loan. It also doesn’t charge origination fees, which can save borrowers money upfront.

Laurel Road has a higher minimum loan amount, which might not be ideal for those who need a smaller sum of money. Additionally, if payments are late, borrowers may face a late fee of 5% or $28, adding extra cost to the loan if one is not careful with their repayment schedule.

Sunwest Credit Union ranks as the runner-up for the best personal loans in Peoria, Arizona, with a MoneyGeek score of 94 out of 100. Sunwest Credit Union, which is federally insured by the National Credit Union Administration (NCUA), has been serving members since 1937.

It offers a digital wallet feature that adds convenience for borrowers managing their finances. Additionally, its debt protection feature provides an extra layer of security for your financial commitments. However, it charges a loan extension fee of $30, which might be a consideration for potential borrowers. Furthermore, if you need to modify your loan, be prepared for a $50 loan modification fee.

Credit Union West is a suitable choice for personal loans in Peoria, Arizona, with a MoneyGeek score of 94 out of 100. Established in 1951 as Luke Federal Credit Union, it is federally insured by the National Credit Union Administration (NCUA). As a lender, it provides the feature of automated bill payment, which many borrowers find convenient.

Additionally, it offers a skip-a-payment option, providing flexibility in financial planning. However, it imposes a $15 fee for representative loan payment involving another financial institution, and there's no option to prequalify, which might require a more in-depth application process upfront.

Global Credit Union offers a compelling option for personal loans in Peoria, Arizona, with a MoneyGeek score of 90 out of 100. Global Credit Union, established in 1948, is federally insured by the National Credit Union Administration (NCUA). Borrowers will appreciate its no application fee feature, making the process more economical.

Additionally, you can apply online, over the phone or at a branch, adding to its convenience. However, it lacks the option to prequalify for a loan, which might leave you uncertain about qualification without affecting your credit score. It does not disclose its loan eligibility requirements upfront, which could make planning more challenging.