Best Personal Loans in Lancaster, CA

Schools First Federal Credit Union is the best personal loan provider in Lancaster, California, with a MoneyGeek score of 98 out of 100. Federally insured by the National Credit Union Administration (NCUA), it has served members since 1934. This lender has no origination or prepayment fees, saving you money over the loan term. It also allows you to skip up to three payments during the loan's life, offering flexibility during financial strains.

However, its website lacks a prequalification option, making it difficult to gauge rates without a hard credit check. It doesn't provide all repayment terms upfront, which may lead to surprises.

Laurel Road is the best online personal loan provider in Lancaster, California, with a MoneyGeek score of 94 out of 100. It offers loans from $5,000 to $45,000 with repayment terms of 36 to 60 months. Borrowers can get a 0.25% discount for autopay and pay no origination fees.

However, its high minimum loan amount may not work for those needing smaller loans. Borrowers should also watch out for the 5% or $28 late fee, which can add up if they miss payments. There's also a $20 non-sufficient funds fee for unsuccessful payments.

Wescom Credit Union is a solid choice for personal loans in Lancaster, California, with a MoneyGeek score of 94 out of 100. Founded in 1934 by telephone company employees, it's federally insured by the NCUA. Borrowers enjoy no origination or prepayment fees, reducing upfront costs and ongoing financial strain. The lender offers a rate reduction of up to 0.50% after six consecutive on-time payments.

However, a 5% late fee can accumulate if payments are missed. The lack of a prequalification process means borrowers cannot check their eligibility without affecting their credit score.

Neighborhood Credit Union is a good choice for personal loans in Lancaster, California, with a MoneyGeek score of 89 out of 100. Federally insured by the NCUA, it has served members since 1930. Borrowers can apply jointly and use a mobile app that simplifies the application process.

However, there's no option to prequalify online, which may require more effort upfront. More detailed loan information on its website could improve transparency.