Best Personal Loans in Miramar, FL: Top Lenders & Best Picks for You

Updated: November 1, 2024

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WHAT WE’RE GEEKING OUT ON

MoneyGeek's Picks for Best Personal Loan Lenders in Miramar, FL

With all the different types of lenders out there, how do you choose the best? To get an idea of the top personal loan lenders in Miramar, MoneyGeek decided to look at more than 30 different factors for borrowers from various walks of life. These include minimum and maximum loan amounts, APR ranges, credit score requirements and more.

MoneyGeek found that Truist offers the best personal loan in the city. Those with good credit should consider SoFi, and those with bad credit can look into Upstart. If you’re looking to consolidate debt, check out Upgrade. For home improvement, your best pick would be Best Egg.

Best Overall Personal Loan Lender in Miramar: Truist


  • Truist
    • 8.14% to 18.99%APR Range
    • NoneMinimum Credit Score
    • $3,500 to $50,000Loan Amount Range
    • 6 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds

    Truist is a personal loan provider that offers an easy online application and flexible payment options to help you get the extra cash you need. The company does not require a credit score for its personal loans in Miramar. It can also disburse funds the next day of your application, so it can help you with any financial need, whether in an emergency or simply wanting to pay off some bills or debts.

    One caveat to it is that its loan amount options might seem narrow. The minimum loan amount of $3,500 can be high for people who just need to cover a few small expenses, whereas the maximum loan amount of $50,000 may not be enough for those who are planning to make major purchases.

    Pros

    • Up to 60 months repayment period
    • No credit score requirement
    • No origination fees
    • No collateral needed

    Cons

    • Excellent credit score required for the lowest rates
    • Low customer rating from the Better Business Bureau (BBB)
    • $3,500 to $50,000 only
    • Hard credit inquiry
    • No joint applications
    Truist

Best Personal Loan Lender for Bad Credit in Miramar: Upstart


  • Upstart
    • 3.22% to 35.99%APR Range
    • 300Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds

    Upstart takes a revolutionary approach to loans. Instead of just looking at whether you have good or bad credit, this lender looks at a wide variety of factors, including your employment history, education records and income level.

    Upstart loans are unsecured and can be used for various purposes, such as paying off existing debt, starting a business, investing in real estate, buying a car or putting toward education. The loan amount ranges from $1,000 to $50,000. Additionally, borrowers can pay these off early since there is no prepayment penalty for those who want to get out of debt as soon as possible.

    Pros

    • No minimum educational attainment requirement
    • Possible low APR for creditworthy borrowers
    • No early payoff fees
    • Does not solely rely on credit score

    Cons

    • High maximum APR
    • Employment required
    • Charges origination fees
    • Hard credit pull before final approval
    • Only 36 or 60 months of repayment options
    Upstart

Best Personal Loan Lender for Good Credit in Miramar: SoFi


  • SoFi
    • 5.74% to 20.28%APR Range
    • 680Minimum Credit Score
    • $5,000 to $100,000Loan Amount Range
    • 12 to 60 monthsRepayment Terms
    • Two DaysTime to Receive Funds

    SoFi is an excellent option if you're looking for a personal loan with no origination fees, late fees or prepayment penalties. You also get an autopay discount of 0.25%. Plus, SoFi has great customer service and offers convenient online tools, such as its mobile app, that make it easy to manage your account.

    The lender’s APR gives it an edge with fixed rates and discounts. Borrowers are required to have a credit score of 680 to increase the odds of approval.

    It gives approved applicants the chance to borrow up to $100,000. However, its loans start at $5,000, which can be too big for other customers. SoFi is an ideal option for people with good credit who need a substantial amount of money.

    Pros

    • No origination fees
    • Unemployment protection
    • Loan maximum of $100,000
    • Offers autopay discounts of up to 0.25%
    • Low minimum APR

    Cons

    • Hard credit checking
    • Loan minimum of $5,000
    • No co-signers
    • Requires $50,000 minimum income
    • 680 credit score requirement
    SoFi

Best Personal Loan Lender for Debt Consolidation in Miramar: Upgrade


  • Upgrade
    • 5.94% to 35.47%APR Range
    • 560Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Same DayTime to Receive Funds

    If you're looking for a fast, easy way to consolidate your debt, MoneyGeek recommends Upgrade. This lender’s personal loans in Miramar can help you consolidate your debt faster by offering features like autopay discounts and zero prepayment fees.

    This is ideal for borrowers with good credit as they can maximize the comparatively low minimum rate to their advantage. With a minimum loan amount starting at $1,000, you can borrow what you need without falling into the trap of overborrowing. It has a credit requirement of 560 and checks borrower credit scores through a soft credit pull to help maintain it.

    Pros

    • Pays creditors directly
    • Autopay discount
    • No prepayment fee
    • Low loan minimum
    • A+ BBB rating

    Cons

    • No co-signers
    • Charges origination fees
    • Charges late fees
    • Low loan maximum of $50,000
    Upgrade

Best Personal Loan Lender for Home Improvement in Miramar: Best Egg


  • Best Egg
    • 4.99% to 35.99%APR Range
    • 700Minimum Credit Score
    • $2,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds

    Best Egg's loan is one of Miramar's top home improvement choices. It has features that help people looking to repair or renovate their property.

    The lender does require a credit score of 700, making it less accessible for people with fair credit. Its maximum loan amount may also have a $50,000 limit, which may not be enough for major improvements.

    Best Egg is a direct lender with no prepayment penalties, so you can be free of debt and any time bounds once you've earned enough to repay it.

    Pros

    • Flexible due date
    • No prepayment penalties
    • Low loan minimum
    • A+ BBB rating
    • A repayment term of 3 years minimum

    Cons

    • 700 credit score requirement
    • Charges origination fees
    • Charges late fees
    • $100,000 annual income needed for the lowest APR
    • Low loan maximum of $50,000
    Best Egg

Where to Start: How to Choose the Best Personal Loan Lender in Miramar for You

Consider your financial profile if you’re considering taking out a personal loan in Miramar. This includes your credit score, debt load, DTI ratio, income and more. In Florida, the average personal loan debt is $10,400, and the average credit score is 706.

A personal loan is a serious commitment. Here are a few reminders before you take the plunge.

  1. 1
    Ask Yourself the Important Questions

    If you're considering applying for a personal loan, it's important to consider the following:

    • How much funding do I need? Determine how much financing you need. This way, you are less likely to end up with unmanageable debt.
    • What is my credit score? A good credit score can mean low interest rates and reasonable terms.
    • Can I afford the monthly payment? Ensure you are in a financial position to afford the monthly payments. If not, this can lead to trouble later on.
    • How much debt do I already have? It's wise not to have significant outstanding debts before applying for a new one, ensuring manageable debt.
  2. 2
    Do Your Research

    Much like how you wouldn’t go to a job interview without researching the company, it’s recommended that you research personal loan lenders in Miramar. You’ll want to find out if there are better rates, whether you qualify, how your credit score would be affected by credit checks and more.

    It's important to realize that you're entering into a long-term financial commitment, usually around two to four years. Although you might feel that the loan you’re taking out is insignificant, the monthly payments will add up over time.

    While we are as thorough and as detailed as possible in our recommendations, the best lender for you will be personal to your situation. MoneyGeek suggests exploring your options carefully.

  3. 3
    Wait

    Getting a personal loan in Miramar is not a decision you should make when you're feeling overwhelmed or rushed. Again, it’s a big commitment, so you might need to think it over for a day or two. With this time, you can compare interest rates, fees and repayment periods. Waiting can also help you avoid making rash decisions and you'll be more likely to choose the best option.

  4. 4
    Read the Fine Print

    When you're looking for a personal loan, it's easy to focus on the big details, such as the interest rate and the monthly payments. Before you sign on the dotted line, there are some other costs and fees that you should consider, including origination fees, prepayment penalties, late payment fees and more.

    All these things might seem minor compared to the amount of money you're borrowing, but they can add up and significantly impact how much you'll end up paying in interest. Scrutinizing these little details can save you a lot of money in the long run.

  5. 5
    Apply

    As soon as you decide to apply for a loan from a specific lender, make sure that all the documents they need are readily available before you begin the application process. Lenders usually need to verify your identity, address, income and more.

    Applying online provides an easy way to fill out an application form and submit it without having to visit a branch or deal with the hassle of setting up an appointment. Some lenders have representatives available to take your application over the phone.

    Nonetheless, it's still worthwhile to visit your lender directly if you have any questions. You can also take advantage of this time to ask about any special deals or promotions.

What to Do if You Can’t Get a Personal Loan in Miramar

If a lender has rejected you, it can be tempting to give up. But don’t be discouraged, as other lenders can offer you more favorable terms.

The first thing to do is to understand why you were denied. Call or email the lender and ask them why they couldn't offer you a loan — they may offer reasons such as low credit score (e.g., too much debt), not enough income (e.g., no job history) or too many existing loans (e.g., too much debt). This can help you figure out if there are ways to modify your application to be accepted in the future, such as lowering your desired amount or shortening the loan terms.

If necessary, applying with the second-best personal loan lender in Miramar for you is a good option. However, address the issues you had in your first application. Doing so can give you a better chance of being approved.

Try to avoid payday loans if possible. They are notoriously bad for people already in a cash crunch, and the associated rates tend to be high.

Frequently Asked Questions About Personal Loans in Miramar

When you're ready to get a personal loan in Miramar, there are several things to consider, such as credit score and income requirements. MoneyGeek can help you sort through it all — we answered some of the most common questions people have.

What is the best personal loan lender in Miramar?
Which lender in Miramar has the lowest interest rate?
Can I use a personal loan for vacations in Miramar?
Can I use a personal loan for home improvement in Miramar?
What can I not use my personal loan for in Miramar?
How much can I borrow in Miramar?
How long does it take to get a personal loan in Miramar?
Can I pay off my loan early in Miramar?

Our Personal Loan Methodology

To find the best personal loan lender, we compared 30 companies using a total of 35+ different data points in six categories: loan affordability, accessibility, consumer friendliness, customer service, flexibility and lender transparency.

We considered factors that we think are most important when choosing a personal loan lender, such as APR range, loan amount, minimum credit score and disbursement time. We also included customer support and other helpful features in our reviews.

We take into account your needs, goals and financial situation when recommending the best personal loans. Our picks and tips will help you choose a lender that provides you with the right personal loan you need at a competitive rate.

About Christopher Boston

Christopher Boston headshot

Christopher (Croix) Boston was the Head of Loans content at MoneyGeek, with over five years of experience researching higher education, mortgage and personal loans.

Boston has a bachelor's degree from the Seattle Pacific University. They pride themselves in using their skills and experience to create quality content that helps people save and spend efficiently.

Read Full Bio »
sources
Shield Insurance

The content on this page is accurate as of the posting/last updated date; however, some of the rates mentioned may have changed. We recommend visiting the lender's website for the most up-to-date information available.

Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, lender or other entity. Learn more about our editorial policies and expert editorial team.

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