Best Personal Loans in Charlotte, NC

State Employees' Credit Union stands out as the best personal loan lender in Charlotte, North Carolina, earning a MoneyGeek score of 99 out of 100. It offers several enticing aspects, such as being federally insured by the NCUA and an attractive APR starting at 9.25%. However, borrowers should keep in mind that membership is needed to apply and it doesn't allow prequalification, which could be limiting for some.

Laurel Road is the best online lender for personal loans in Charlotte, North Carolina, with a MoneyGeek score of 93 out of 100. It offers loans ranging from $5,000 to $45,000 with repayment terms between 36 to 60 months, giving borrowers flexibility in their financing options. It includes a 0.25% autopay discount, which can save borrowers money over the life of their loan, and the lack of origination fees, which reduces the upfront costs of securing a loan. However, the lender sets a high minimum loan amount, which might not be ideal for those seeking smaller loans, and a significant late fee of 5% or $28, which could add up if a borrower misses a payment.

Blue Flame Credit Union ranks as the runner-up for the best personal loans in Charlotte, North Carolina, with a MoneyGeek score of 94 out of 100. It stands out for being federally insured by the NCUA and offering APRs starting at 8.99%, which can result in lower interest payments for borrowers. On the downside, borrowers need membership to apply and cannot prequalify for loans, potentially making the application process a bit more restrictive.

Piedmont Advantage Credit Union stands out as a reliable choice for personal loans in Charlotte, North Carolina, with a MoneyGeek score of 92 out of 100. It is federally insured by the NCUA and offers a 0.25% autopay discount, making it a financially secure option with added incentives for regular payments. It allows joint applications, accommodating borrowers who need to apply with a co-borrower. However, it has a late payment fee of 4%, which could add up quickly if you're not careful with timely payments. Additionally, it provides no option to prequalify, potentially leading to a hard credit inquiry right away. Borrowers should note that it doesn't disclose much information about personal loans on its website.

Self-Help Credit Union is a good choice for personal loans in Charlotte, North Carolina, receiving a MoneyGeek score of 87 out of 100. This lender is federally insured by the NCUA, providing a layer of financial security for borrowers. Additionally, it has a BBB rating of A+, which reflects its strong customer service reputation. However, borrowers should be aware that membership is needed to apply, which could be a hurdle for some. It also doesn't disclose its loan eligibility requirements, leaving potential applicants without crucial upfront information.