Best Personal Loans in Los Angeles, CA

Southland Credit Union is the best personal loan lender in Los Angeles, California, with a MoneyGeek Score of 95 out of 100. It offers a maximum loan amount of $100,000, making it an appealing option for borrowers needing significant funds. Additionally, it provides loan deferment assistance for struggling members, adding a layer of support for those facing temporary financial difficulties. Federally insured by the National Credit Union Administration (NCUA), Southland Credit Union ensures peace of mind for its customers. On the downside, its borrowing limit for online loan applications is capped at $25,000, which may be restrictive for some borrowers, and membership is required to apply.

Laurel Road is the best online lender for personal loans in Los Angeles, California, scoring a MoneyGeek score of 93 out of 100. Its personal loan offerings range from $5,000 to $45,000 with repayment terms of 36 to 60 months. When considering it for a loan, you'll find the 0.25% autopay discount can reduce your interest payments over time, and the absence of origination fees means you won’t have to pay extra charges upfront to process your loan. However, you should also be aware that the minimum loan amount is relatively high, which might not be ideal if you need a smaller sum of money. Additionally, be mindful of the 5% or $28 late fee, which can add to the cost if you miss a payment.

California Bank and Trust is the runner-up for the best personal loans in Los Angeles, California, with a MoneyGeek Score of 95 out of 100. It allows you to borrow up to $100,000, making it a suitable choice for those needing larger loan amounts. Additionally, it offers a 0.25% autopay discount, which could help you save on interest. However, there is a $75 origination fee that adds to the cost of the loan. Also, if you're looking for a loan above $15,000, be prepared for additional conditions, which could complicate the approval process.

First City Credit Union is a suitable choice for personal loans in Los Angeles, California, with a MoneyGeek Score of 93 out of 100. It offers borrowers the flexibility to borrow as low as $500 and ensures a fast approval process for qualified members. However, membership is required to apply for a personal loan, and the maximum borrowing limit is $30,000.

LA Financial Credit Union is another good choice for personal loans in Los Angeles, California, receiving a MoneyGeek Score of 87 out of 100. It is federally insured by the NCUA, ensuring a higher level of security, and its low minimum loan amount is accommodating for those needing smaller loans. However, prospective applicants should note that membership is needed to apply, which might limit accessibility for some, and the maximum loan amount is capped at $20,000, which could be restrictive for those requiring larger sums.