Best Personal Loans in Riverside, CA

Schools First Federal Credit Union is the best personal loan lender in Riverside, California, with a MoneyGeek score of 99 out of 100. Federally insured by the National Credit Union Administration (NCUA), it has been serving members since 1934. It has no origination or prepayment fees, which can save you money over the life of your loan. Additionally, it allows the option to skip up to three payments, providing some flexibility if you encounter financial difficulties. However, it does not offer a prequalification option on its website, meaning you may have to go through a more formal loan application process to know your potential interest rate. Also, it does not disclose all repayment term details upfront, which may require further inquiry to fully understand the loan conditions.

Laurel Road is the best online lender for personal loans in Riverside, California, with a MoneyGeek score of 94 out of 100. It offers loans ranging from $5,000 to $45,000 with repayment terms between 36 to 60 months. One thing to consider about Laurel Road is that it provides a 0.25% discount on interest rates for autopayments, helping you reduce the overall cost. Additionally, borrowers won't face origination fees, further cutting down on the expenses tied to securing a personal loan. However, it has a relatively high minimum loan amount, which might not suit those looking for smaller loans. Also, it imposes a late fee of 5% or $28.

Bourns Employees Federal Credit Union is the runner-up for the best personal loans in Riverside, California, with a MoneyGeek score of 95 out of 100. As a member-owned, full-service financial cooperative, it's federally insured by the National Credit Union Administration (NCUA). It accepts joint applications, which can be beneficial if you're applying with a co-borrower. Additionally, its APR can be as low as 8%, providing potential savings on interest. However, it does not offer rate discounts, which may be a consideration for borrowers seeking reduced costs. And its borrowing limit is capped at $15,000, which could be restrictive for those needing larger sums.

Credit Union of Southern California is a suitable choice for personal loans in Riverside, California, with a MoneyGeek score of 93 out of 100. Federally insured by the National Credit Union Administration (NCUA), it has been serving members since 1954. It offers a minimum loan amount of $500, which can be helpful for those seeking smaller loan amounts. Additionally, there are no application or prepayment fees, allowing for flexible repayment without added costs. However, you can only borrow up to $30,000, which might be limiting for those needing larger amounts. It also doesn't allow prequalification, which might make it harder for you to gauge eligibility before applying.

Altura Credit is another good choice for personal loans in Riverside, California, with a MoneyGeek Score of 91 out of 100. Altura was originally founded in 1957 as Riverside Schools Credit Union. It is federally insured by the National Credit Union Administration (NCUA). It provides a wide range of term options, like skip-a-payment, which can be beneficial for borrowers looking for flexible repayment schedules. However, its website offers very little information about personal loans, which may require additional effort to gather necessary details. There is also a $3.95 fee for online payments via Express Pay, which could affect your overall loan cost.