Best Personal Loans in Hayward, CA

Patelco Credit Union stands out as the best personal loan lender in Hayward, California, demonstrated by a MoneyGeek Score of 100 out of 100. Patelco Credit Union, which is federally insured by the National Credit Union Administration (NCUA), has been serving members since 1936. When considering it for a personal loan, know that borrowers can benefit because they can borrow up to $100,000 and it charges no origination fees.

However, borrowers should be aware of a few aspects, such as its policy of charging a late fee of $5 or 3% and a $20 returned loan payment fee. These factors are important when deciding on a lender and understanding the overall loan experience.

Laurel Road is recognized as the best online lender for personal loans in Hayward, California, with a MoneyGeek score of 94 out of 100. The lender offers a loan amount range from $5,000 to $45,000 and flexible repayment terms of 36 to 60 months. As for the details of Laurel Road as a lender, it's useful to know it provides a 0.25% rate discount for autopay setup and charges no origination fees, which can save borrowers money upfront.

On the contrary, applicants should be aware that it sets a high threshold for its minimum loan amount, which could be an issue for those seeking smaller loans. Additionally, it imposes a penalty for late payments, which is either 5% of the past due amount or $28.

1st United Credit Union stands as the runner-up for the best personal loans in Hayward, California, with a MoneyGeek score of 96 out of 100. 1st United Credit Union, which is federally insured by the National Credit Union Administration (NCUA), has been serving members since 1932. When considering it as a lender, note the appeal of an APR as low as 6.99% and the convenience of a personal loan calculator, which helps you estimate your potential payments and make better financial decisions.

However, you should be aware that its borrowing limit is capped at $25,000, which might not meet everyone's requirements. Additionally, its website provides little information about loans, which could make it challenging to obtain all the details you need before applying.

Provident Credit Union is a suitable choice for personal loans in Hayward, California, with a MoneyGeek score of 92 out of 100. Provident Credit Union, founded in 1950, is insured by the National Credit Union Administration (NCUA). It offers lending consultants to guide you through your personal loan process, and borrowers can benefit from using its mobile app to manage their loans effectively.

However, prospective borrowers should note that its borrowing limit caps at $35,000, which might not cater to those seeking larger loans. Additionally, it charges an insufficient funds fee of $28, which is something to keep in mind when managing your accounts with them.

Bay Cities Credit Union is another good choice for personal loans in Hayward, California, with a MoneyGeek score of 90 out of 100. It has been serving its members since 1953 and is federally insured by the National Credit Union Administration (NCUA). When considering this lender, you should note that it accepts joint applications, which can be beneficial if you're looking to combine incomes for a better loan offer.

Additionally, taking advantage of its 0.50% autopay discount can help you save on interest over time. However, keep in mind that the loan amount caps at $35,000, which might be limiting if you need a larger sum. Also, its loan eligibility requirements are unclear, which may require extra effort to understand if you meet its criteria.