Best Personal Loans in Macon, GA

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Updated: October 29, 2024

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Credit Union of Georgia is the best personal loan lender in Macon, Georgia, with a MoneyGeek score of 97 out of 100. It offers quality service, flexible repayment terms and credibility and transparency about its loan terms and process. Laurel Road is the best lender for online personal loans, with a MoneyGeek score of 93 out of 100. It provides competitive interest rates, broad repayment terms, and credibility and transparency about its loan terms and process.

MoneyGeek prioritized local lenders and scored them based on factors like interest rates, loan terms, loan application process and speed of loan funding to gather our best city recommendations. If you're looking for national lenders, we compiled our top picks for the best personal loans in Georgia.

MoneyGeek analyzed hundreds of lenders based on a rubric that includes APR ranges, loan amounts and repayment terms, among other key areas. We use a point-based system, assigning scores according to the presence or absence of certain desirable features in various critical categories.

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Our overall analysis was completed in August 2024. Here we considered banks and credit unions with brick and mortar locations in Macon, Georgia. We also looked at online-only lenders licensed to do business in the state.

325Lenders Analyzed Nationally

Overall Best Personal Loan in Macon, GA

Company logo for Credit Union of Georgia
Credit Union of Georgia
MoneyGeek Score97
APR RangeFrom 11.24%
Loan Amount RangeUndisclosed
Repayment Terms6 to 60 months
Time to Receive FundsSame Day
Overview

Credit Union of Georgia is the best personal loan lender in Macon, Georgia, with a MoneyGeek score of 97 out of 100. It offers same-day funding, making it highly convenient for borrowers who need quick access to cash. Its skip-a-pay program allows borrowers to skip a payment during their loan term under certain conditions. However, it doesn't disclose personal loan eligibility requirements, which can be a point of frustration for potential borrowers. Another downside is that it offers no option to prequalify, making it harder for borrowers to gauge their chances of loan approval before applying.

Best Online Personal Loan in Macon, GA

Company logo for Laurel Road
Laurel Road
MoneyGeek Score93
APR Range9.49% to 24.50%
Loan Amount Range$5,000 to $45,000
Repayment Terms36 to 60 months
Time to Receive FundsWithin 7 Days
Overview

Laurel Road is the best online lender for personal loans in Macon, Georgia, with 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. It provides a 0.25% autopay discount and does not charge origination fees, which can lower the overall cost of the loan. However, the minimum loan amount could be higher than what some borrowers need. It's also worth noting that if a payment is late, there is a fee of 5% or $28.

Calculate Your Monthly Payment in Macon, GA

The United States Census Bureau reported that the median annual household income in Macon, Georgia, in 2022 was $24,623. Whether your income is above or below this median value, your ability to afford the monthly loan payments is key. Use our personal loan calculator to estimate your monthly loan payments and the total cost of the loan by entering the loan amount, rate and terms.

For example, if you calculate the monthly loan payments for a $10,000 personal loan with a 10% interest rate and a three-year repayment term, the result is $323 or $3,876 per year. This amount represents 16% of the median annual household income in Macon, Georgia.

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Estimate the monthly payment for your loan.

Updated: Nov 21, 2024

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Runner-Up for Best Personal Loan in Macon, GA

Company logo for MidSouth Community Federal Credit Union
MidSouth Community Federal Credit Union
MoneyGeek Score94
APR RangeFrom 9.90%
Loan Amount RangeUndisclosed
Repayment Terms0 to 60 months
Time to Receive FundsUndisclosed
Overview

MidSouth Community Federal Credit Union is the runner-up for the best personal loans in Macon, Georgia, with a MoneyGeek score of 94 out of 100. It is federally insured by the NCUA, providing a sense of security. It offers competitive interest rates, with its APR starting at 9.90%. However, potential applicants should consider that membership is needed to apply, adding an extra step to the process. The specifics about other loan options are not disclosed on its website, which might require additional inquiries.

Other Options for Personal Loans in Macon, GA

Company logo for Central Georgia Regional Credit Union
Central Georgia Regional Credit Union
MoneyGeek Score87
APR Range11.75% to 18.00%
Loan Amount RangeUndisclosed
Repayment TermsUp to 48 months
Time to Receive FundsUndisclosed
Overview

Central Georgia Regional Credit Union is a suitable choice for personal loans in Macon, Georgia, with a MoneyGeek score of 87 out of 100. It has two physical branches in Macon, Georgia, and an A rating from BBB, providing accessibility and reliability to borrowers. However, membership is needed to apply, which might be an obstacle for some. Additionally, there is no option to prequalify, potentially complicating the initial application process.

National Lenders With Physical Locations in Macon, GA

Borrowers in Macon, Georgia, searching for the best personal loans can choose from national lenders for in-person services. Local branches of Wells Fargo, OneMain Financial and Truist are available in the city to cater to the needs of those preferring face-to-face interactions when securing a loan.

OneMain Financial18.00% to 35.99%$1,500 to $20,00024 to 60 months
Truist8.74% to 17.39%Starting from $3,50024 to 60 months
Wells Fargo7.49% to 23.24%$3,000 to $100,00012 to 84 months

What to Do if You Can't Get a Personal Loan in Macon, GA

Your personal loan application in Macon, Georgia, can get denied due to various reasons, like a low credit score, negative financial history or an unfavorable debt-to-income ratio. If this happens, there are some steps you can take to navigate this setback.

  1. 1
    Find out the reason for the denial

    Some lenders may deny your loan application due to a poor credit score, high debt-to-income ratio, low income level or errors in your application. Reviewing the reasons for denial helps improve weak areas and prevents future application rejections.

  2. 2
    Modify your loan terms

    You can try asking your lender if you can adjust the loan amount or repayment terms to get approved.

  3. 3
    Look for another lender

    Different lenders have varying eligibility criteria for personal loan approval. Shopping around is important; consider factors such as minimum credit score requirements, interest rates, loan terms, additional fees and customer service to find the best lender for your needs.

  4. 4
    Explore credit counseling services

    Lenders often look at your debt-to-income ratio when evaluating your loan application. Consider a credit counseling agency to manage your credit card debt better and develop your budget. You can search for credit counseling services from the Department of Justice's list of approved credit counseling agencies. Georgia's Department of Banking and Finance also provides more information about credit counseling.

FAQ About Personal Loans in Macon, GA

We addressed common questions regarding top personal loans in Macon, Georgia, to offer helpful insight and assist in your decision-making process.

Who is the best overall personal loan lender in Macon, Georgia?
What are personal loans used for in Macon, Georgia?
What are the interest rates on personal loans in Macon, Georgia?
What are the benefits and drawbacks of personal loans?
What are some personal loan red flags to look out for?
How to apply for a personal loan online?
Can I get a personal loan with bad credit in Macon, Georgia?
What are the best low-interest personal loans in Macon, Georgia?
What is an installment loan? Is there a difference between personal loans and installment loans in Macon, Georgia?
Is there a difference between credit union loans and bank loans in Macon, Georgia?

About Zachary Romeo, CBCA

Zachary Romeo, CBCA headshot

Zachary Romeo is a certified Commercial Banking and Credit Analyst (CBCA), and the Head of Loans and Banking at MoneyGeek. Previously, he led production teams for some of the largest online informational resources in higher education, with over 13 years of experience in editorial production.

Romeo has a bachelor's degree in biological engineering from Cornell University. He geeks out on minimizing personal debt and helping others do the same through people-first content.

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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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