Best Personal Loans in Boise, ID: Top Lenders & Best Picks for You

LightStream has the best overall personal loan in Boise among the lenders MoneyGeek evaluated. Launched in 2013, this online lending company offers personal loans from $5,000 to $100,000.

With LightStream, you receive a 0.5% discount if you set up an automatic payment. It has no loan application processing charges or prepayment penalties. LightStream has a mobile app you can download to manage your account. It allows you to check your payment due date, monitor your account balance, make payments and even apply for another loan.

However, LightStream isn’t ideal for every borrower. Its personal loans are only available to those with a credit score of at least 660. They also come with restrictions, meaning you can’t use your funds for postsecondary education or business expenses.

Borrowers with bad credit can get the best personal loan in Boise from Upstart. This lender has provided lending solutions to customers using artificial intelligence (AI) since 2012.

Upstart offers personal loans from $1,000 to $50,000. The lender doesn’t charge a fee for paying off your loan early. However, it has an origination fee of up to 10% and a late fee of 5% of the due amount or $15, whichever is greater.

For those living in Idaho, there are no restrictions on fund usage. You’re free to use your loan for various purposes, including education expenses. To apply for an Upstart loan, you must meet its minimum credit requirements: a credit score of at least 300 and a debt-to-income ratio of 50% or lower.

Launched in 2011, SoFi offers various financial products to consumers and is our top pick for those with good credit scores. Its personal loans don’t come with origination fees, a prepayment penalty or late fees, which tend to increase your loan cost.

Depending on your profile, you can borrow up to $100,000. You can also earn a 0.25% discount if you make automatic payments. If you lose your job, you can apply for SoFi’s Unemployment Protection Program, which temporarily allows you to modify your monthly payments.

Keep in mind, however, that SoFi imposes restrictions on its fund usage. This lender may not be for you if you intend to use the money for college, investments, business expenses or real estate. Additionally, it’s not ideal for borrowers with a credit score lower than 680 and gross income below $50,000.

Launched in 2017, Upgrade aims to offer customers a better experience than traditional banks. MoneyGeek’s research indicates this lender provides the best personal loans in Boise for debt consolidation.

You can borrow as little as $1,000 or as much as $50,000 from Upgrade. There’s no fee for paying off your loan early. However, expect an origination fee between 1.85% and 8%.

You may not use your Upgrade personal loan for investments, education or illegal activities. If the loan is for consolidating debt, Upgrade will pay off your creditors directly. Borrowers with a credit score of at least 560 can apply for a personal loan from this lender.

If you need a personal loan in Boise to finance home improvements, Best Egg may be the best lender for you. Depending on your borrower profile, you can borrow up to $50,000. Best Egg was founded in 2014.

With Best Egg, you won’t have to pay a fee for repaying your loan early. However, expect an origination fee ranging from 0.99% to 8.99%, which will be deducted from your total loan amount.

To qualify for a Best Egg loan, you need a minimum credit score of 700. You can prequalify by checking your rate. Because it’s a soft credit inquiry, your credit score won’t be affected.

Aside from funding home improvements, you can use your Best Egg loan for large purchases, dream vacations, medical expenses and debt consolidation. That said, you can’t use it for education purposes.