Best Personal Loans in Tampa, FL

Suncoast Credit Union is the best personal loan lender in Tampa, Florida, with a MoneyGeek score of 99 out of 100. Borrowers will appreciate its no application fee and no prepayment penalty, making the loan process straightforward and cost-effective. On the other hand, its borrowing limit is $50,000, which might be restrictive for some. There is also no option to prequalify, which could make the initial application process less flexible.

Laurel Road is the best online lender for personal loans in Tampa, Florida, with a MoneyGeek score of 93 out of 100. The lender offers personal loans ranging from $5,000 to $45,000 with repayment terms of 36 to 60 months, making it a flexible option to fit various borrowing needs. It provides a 0.25% autopay discount, which reduces the loan cost for those who set up automatic payments. It does not charge origination fees, which can save borrowers a significant amount upfront. However, the lender requires a high minimum loan amount, which might not be suitable for those needing a smaller sum. Laurel Road imposes a late fee of 5% or $28, which can add to the cost of the loan for those who miss a payment.

Floridacentral Credit Union is the runner-up for the best personal loans in Tampa, Florida, with a MoneyGeek score of 94 out of 100. It is federally insured by the NCUA, offering borrowers security. The minimum loan amount is low at $300, making it accessible for smaller financial needs. However, it doesn't disclose payment terms on its website, making it hard to plan finances. There's also no option to prequalify, adding to the uncertainty about approval chances.

TRAX Credit Union is a suitable choice for personal loans in Tampa, Florida, with a MoneyGeek score of 93 out of 100. It has an A+ BBB rating, providing assurance of reliability and trustworthiness. It has a financial calculator that aids borrowers in planning their loans effectively. However, the borrowing limit is $25,000, which may not meet higher financing needs. The lender also does not allow for prequalification, which could make it harder to compare options without impacting your credit score.

Tampa Bay Federal Credit Union is a solid option for personal loans in Tampa, Florida, with a MoneyGeek score of 90 out of 100. It is federally insured by the NCUA, providing an added layer of security. For a fee, you can skip one payment per calendar year. No rate discounts are disclosed on its website, and the borrowing limit is $30,000.