Best Personal Loans in Tallahassee, FL

Envision Credit Union is the best personal loan lender in Tallahassee, Florida, with a MoneyGeek score of 99 out of 100. It offers no prepayment penalty, saving borrowers money if they repay their loans early. Its APR starts at 8.24%, providing competitive rates for borrowers. However, its borrowing limit is $50,000, which may not suffice for those needing larger loan amounts. It also does not offer rate discounts, which some borrowers might prefer for long-term savings. It's a reliable option for those seeking a straightforward, transparent lending experience.

Laurel Road is the best online lender for personal loans in Tallahassee, Florida, with a MoneyGeek score of 93 out of 100. It offers personal loans ranging from $5,000 to $45,000 with repayment terms between 36 and 60 months. Borrowers can expect to receive funds within seven days. Laurel Road provides a 0.25% autopay discount and the convenience of paying no origination fees. However, borrowers should note the higher threshold for the minimum loan amount and a late fee policy that imposes either 5% of the missed payment or $28, whichever is greater. The lender allows for changes in payment due dates, catering to varied financial situations, but it does apply a $20 fee for nonsufficient funds.

FAMU Federal Credit Union is the runner-up for the best personal loans in Tallahassee, Florida, with a MoneyGeek score of 92 out of 100. It is federally insured by the NCUA, ensuring added security for borrowers' funds. It also holds an A+ rating from the BBB, reflecting its strong reputation. However, applicants should be aware of its non-refundable loan application fee of $2 per page, which can add up depending on the paperwork required. Additionally, there is a late fee of up to $30, which borrowers must manage to avoid extra costs.

Loyalty Credit Union is a suitable choice for personal loans in Tallahassee, Florida, with a MoneyGeek score of 86 out of 100. It has an A+ BBB rating, which reassures borrowers about its reliability. It operates two physical branches in Tallahassee, Florida, providing borrowers with a local, in-person touch. However, it does not offer an option to prequalify, which means you must complete the full application to know your rates. Borrowers should also consider its application fee of $29, which adds to the upfront costs.