Top Lenders & Best Picks for You

Best Personal Loans in Henderson, NV

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Updated: October 29, 2024

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WHAT WE’RE GEEKING OUT ON

MoneyGeek's Picks for Best Personal Loan Lenders in Henderson, NV

MoneyGeek examined more than 30 data points to determine the best personal loan lenders in Henderson. We evaluated different factors such as a lender’s affordability, APR ranges, repayment terms, late and origination fees, loan amounts, customer service and more.

We also evaluated qualification requirements, including minimum credit scores, income requirements, debt-to-income ratios and more.

Based on your unique profile, the ideal lender in Henderson for you will vary. We’ve identified the top options for certain financial profiles in the city. However, it’s always wise to do your own research to ensure you pick the best lender for your needs.

Best Overall Personal Loan Lender in Henderson: Lightstream


  • LightStream
    • 4.49% to 20.49%APR Range
    • 660Minimum Credit Score
    • $5,000 to $100,000Loan Amount Range
    • 24 to 84 monthsRepayment Terms
    • Same DayTime to Receive Funds

    LightStream is a top-rated personal loan lender in Henderson, earning it the ranking of the best lender in the city. LightStream is also available in all U.S. states. Founded in 2013, LightStream offers APR between 4.49% and 20.49%, with loan amounts from $5,000 to $100,000.

    LightStream is a great option for those who want to avoid prepayment penalties, origination and late fees. With LightStream, borrowers may also be able to get their loan processed within the same day, making it an ideal choice for those who need funds immediately.

    However, if your credit score is below 660, you won’t qualify for a loan with LightStream. They only accept applications from individuals with a credit score of 660 and above.

    Pros

    • Same-day loan processing
    • Lends up to $100,000
    • A+ BBB rating
    • Autopay discount
    • No late and origination fees

    Cons

    • Individuals with new or no credit are ineligible
    • At least fair credit required
    • Conducts hard credit inquiry
    • No co-signers
    • Limitations on fund usage
    LightStream

Best Personal Loan Lender for Bad Credit in Henderson: 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 was established in 2012 and is an artificial intelligence (AI) lending platform. Individuals with bad credit should consider Upstart since their minimum credit score requirement is 300. Additionally, Upstart conducts soft credit checks, which means that your credit score isn’t affected in the process.

    Upstart garnered an A+ rating from the Better Business Bureau (BBB) and can process your loan within the next day.

    If you have a debt-to-income ratio of more than 45%, you may not be able to qualify for an Upstart personal loan. Keep in mind that Upstart’s highest loan amount is $50,000, so if you need more funds, consider another personal loan lender in Henderson.

    Pros

    • 300 minimum credit score requirement
    • Performs soft credit check
    • Offers joint loans
    • No limitations on fund usage
    • No prepayment penalty

    Cons

    • Charges a $15 late fee
    • Highest potential interest rate
    • Late fee
    • Minimum income requirement
    • No co-signers
    Upstart

Best Personal Loan Lender for Good Credit in Henderson: 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

    Founded in 2011, SoFi is a good option for individuals with a good credit standing. MoneyGeek’s research found that the average Nevada resident has a credit score of 728, so it may be easy to qualify for a personal loan with SoFi.

    Among their counterparts, SoFi offers competitive rates, with its highest loan amount at $100,000. Borrowers should also consider SoFi since they don’t charge an origination fee, late fee or prepayment penalties. This can help you save money throughout your loan term. SoFi also doesn’t have any restrictions on fund usage.

    However, SoFi may not be the best lender for everyone. To qualify, you’ll need a gross income of $50,000.

    Pros

    • A+ BBB rating
    • Autopay discount
    • No origination fee, late fee or prepayment penalty
    • Loans up to $100,000
    • Offers joint loans

    Cons

    • Requires a credit score of 680
    • No co-signers
    • Won’t accept people with new or no credit
    • Minimum income requirements
    • Two-day funding
    SoFi

Best Personal Loan Lender for Debt Consolidation in Henderson: 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

    Founded in 2016, Upgrade is a financial technology company that offers personal loans. Upgrade has no gross income requirement and entertains borrowers with a 560 credit score. One advantage of Upgrade is that they directly pay third-party creditors if you’re looking to consolidate your debt. Upgrade also earned an A+ rating from the BBB.

    While joint loans are offered, co-signers are not allowed. If you need to borrow more than $50,000, you should consider another personal loan lender in Henderson that offers higher amounts. With Upgrade, you could potentially be charged with high interest rates, since their maximum APR is 35.47%.

    Pros

    • Autopay discount
    • Joint loans available
    • No prepayment penalties
    • A+ BBB rating
    • Directly pays creditors

    Cons

    • Limits fund usage
    • High potential APR
    • $50,000 maximum loan amount
    • No co-signers
    • Late fee
    Upgrade

Best Personal Loan Lender for Home Improvement in Henderson: 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

    If you’re looking to renovate your home, MoneyGeek determined that Best Egg is the top personal loan lender in Henderson. Established in 2013, Best Egg is an online financial platform that funded more than one million loans.

    To qualify for a personal loan with Best Egg, you need to meet a gross income requirement and have a credit score of 700 or above. Rates are also published on the Best Egg website, making it easier for borrowers to choose a lender and budget accordingly.

    If you’re behind on payments, Best Egg charges a $15 late fee. Best Egg may not be an ideal lender for you if you’d prefer to have a co-signer or a joint loan.

    Pros

    • Autopay discount
    • A+ BBB rating
    • Next-day funding
    • No prepayment penalty
    • Soft credit inquiry

    Cons

    • Minimum income requirement
    • High minimum credit score required
    • Late fee of $15
    • Origination fees
    • No co-signers
    Best Egg

How to Choose the Best Personal Loan Lender in Henderson for You

If you’re confident with your chosen lender and fit all their requirements, you’re ready to submit your application. Lenders normally ask for your verification of address, personal identity and proof of income. While it’s convenient to apply for a personal loan online, you’re free to visit your lender or call them for assistance with your application if they offer those options.

  1. 1
    Ask Yourself the Important Questions

    Loans are a long-term commitment. Before you choose a personal loan lender in Henderson, answer the following questions:

    1. How much funding do I need? Determine exactly how much money you need. Your requested loan amount can impact your repayment period and whether or not your application is approved.
    2. What is my credit score? Lenders look at credit scores when deciding whether or not to approve your application. Know what your score is so that you can apply with lenders who are likely to approve your application.
    3. Can I afford the monthly payment? Make sure you can pay your monthly loan bills to avoid late fees.
    4. How much debt do I already have? Adding personal loans on top of your existing debts can be extremely detrimental to your financial health.
  2. 2
    Do Your Research

    On average, personal loans typically require a commitment of two to four years. MoneyGeek advises that you prepare yourself for the responsibility of these loans, like monthly payments and potential fees. Some lenders also perform hard credit inquiries, which can affect your credit score. Personal loan lenders in Henderson even have different qualifications, terms and funding usage limitations.

    MoneyGeek created this guide to help you understand what you can expect when applying for a personal loan and which companies might be best for you. However, it’s advisable to do your own research to ensure you end up with the best option for your needs.

  3. 3
    Wait

    It’s fine to wait for a few days before applying for a personal loan in Henderson. Waiting can help you come to an objective conclusion when shopping around for the right lender. Again, personal loans are huge financial commitments. After you’ve done your research, you can narrow down your choices between one or two desired lenders.

  4. 4
    Read the Fine Print

    It’s common to miss small yet significant details in your personal loan terms. MoneyGeek strongly encourages you to read the fine print to make sure you aren’t caught off guard by any unexpected charges or terms. To help you with monthly budgeting, figure out how much you’ll be paying on top of your monthly payments for things like prepayment penalties, early payoff fees, origination fees and more. By paying attention to the small details, you’ll be able to save more money in the long run.

  5. 5
    Apply

    Once you have read the fine print and understand the lender’s fees, you can apply for a loan. At this stage, the lender might ask you for personal information like identification, address verification and income details. This information will help the lender assess if you’re eligible for a loan. While an online application is typically more convenient, you can also contact the lender to see if they allow in-person applications.

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

There are instances when personal loan companies will deny your application. However, it isn’t the end of your personal loan journey. MoneyGeek recommends that you ask for the specific reason that caused your application to be rejected. You may have been denied because of factors such as a low credit score, insufficient income or no employment history.

You could call your lender and ask if it’s possible to modify your application. You could ask to shorten your loan term or get a smaller loan amount to make your application more favorable.

If your lender still denies your application, you can try applying with another lender. However, before you do so, make sure you’ve already improved the factor that caused your application to initially be denied.

After applicants are rejected, they consider payday loans. While it is tempting, payday loans come with disadvantages. They have extremely high interest rates and short repayment terms. You may lose more than you gain.

Frequently Asked Questions About Personal Loans in Henderson

MoneyGeek compiled the most commonly asked questions about personal loans in Henderson. The best personal loan company for you will be based on your credit score, income, financial history and more.

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

Our Personal Loan Methodology

We evaluated more than 30 personal loan lenders using 35+ individual data points across six key categories: consumer friendliness, loan affordability, accessibility, flexibility, customer service and lender transparency.

We considered several data points that we think carry the most weight when borrowers choose a lender. These factors include APR ranges, available loan amount, minimum credit score, minimum income amount, application fees and disbursement time.

MoneyGeek values you and your experience. Therefore, we also considered each lender’s customer support, business ratings and additional features that could make your experience easier and more accessible, like prequalification, available payment methods and mobile apps.

After careful consideration and computation, we kept your best interest in mind when determining the best personal loan lenders. Our personal loan recommendations and expert tips can help you make the best decision when choosing a lender that meets your needs.

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
  • SoFi. "About Us." Accessed June 15, 2022.
  • Upstart. "Overview." Accessed June 15, 2022.
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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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