Best Personal Loans in Irvine, CA

Schools First Federal Credit Union is the best personal loan lender in Irvine, California, with a MoneyGeek score of 97 out of 100. It is federally insured by the National Credit Union Administration (NCUA) and has been serving members since 1934. It doesn't charge origination or prepayment fees, which is a clear benefit for borrowers. It also offers the option to skip up to three payments over the life of the loan. However, you cannot prequalify on its website, making the application process a bit inconvenient. It also does not disclose all information on repayment terms upfront, so you may need to dig deeper to get the full details.

Laurel Road is the best online lender for personal loans in Irvine, California, with a MoneyGeek score of 94 out of 100. Borrowers can access loan amounts ranging from $5,000 to $45,000 and choose repayment terms between 36 and 60 months. Laurel Road offers a 0.25% autopay discount, which can reduce the overall cost for on-time payers who opt for automatic payments. The lender does not charge origination fees, enabling borrowers to save money that would otherwise go towards upfront costs. On the downside, the minimum loan amount may be higher than what some individuals require, limiting options for those who need smaller loans. The lender also imposes a late fee of 5% or $28, which could add to the cost for those who miss a payment deadline.

Wescom Credit Union is the runner-up for the best personal loans in Irvine, California, with a MoneyGeek score of 95 out of 100. It is a credit union founded in 1934 by telephone company employees and is federally insured by the National Credit Union Administration (NCUA). The lender doesn't have origination or prepayment fees, which is attractive for borrowers looking to minimize extra costs. You can also benefit from a rate reduction of up to 0.50% if you make six consecutive on-time payments. However, it charges a 5% late fee, which can add up if you're not careful with payments. It also lacks a prequalification process, making it harder to gauge if you might be approved before formally applying.

Financial Partner's Credit Union is a suitable choice for personal loans in Irvine, California, with a MoneyGeek score of 91 out of 100. It is federally insured by the National Credit Union Administration (NCUA) and has been serving the community since 1935. This credit union offers several useful features, such as a digital wallet and a loan calculator, which can help you manage your finances effectively. However, the borrowing limit is $25,000, and there isn't enough personal loan information on its website.

Orange County's Credit Union is a solid option for personal loans in Irvine, California, with a MoneyGeek score of 89 out of 100. It is federally insured by the National Credit Union Administration (NCUA) and has been serving members since 1938. Its low minimum loan amount of $500 makes it accessible to a wide range of borrowers. It also does not charge origination fees or prepayment penalties, providing more financial flexibility. However, the borrowing limit is $25,000, which might not suit everyone's needs. It also does not offer the option to prequalify for a loan, which might mean more effort for potential borrowers to understand eligibility and terms.