Best Personal Loans in Toledo, OH

University of Toledo Federal Credit Union stands out as the best personal loan lender in Toledo, Ohio, with a MoneyGeek score of 100 out of 100, due to its competitive interest rates, flexible repayment terms, and credibility, while Laurel Road ranks as the best lender for online personal loans with a MoneyGeek score of 93 out of 100, known for its strong customer service, broad repayment terms, and quick application and approval process.

We 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 in the best personal loans in Ohio.

The United States Census Bureau reported that the median annual household income in Toledo, Ohio, in 2022 was $47,365. Regardless of whether your income is above or below this median value, what matters is your ability to afford the monthly loan payments. 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, a $10,000 personal loan with a 10% interest rate and three years in repayment terms results in a monthly payment of $323 and an annual cost of $3,876. This amount represents approximately 8% of the median annual household income in Toledo, Ohio.

If you're in Toledo, Ohio, and the personalized service of a national lender is what you're after when seeking the best personal loans, you're in luck because there's a handful to pick from. Lenders like Fifth Third Bank, PNC, OneMain Financial and KeyBank offer their services to those who prefer to manage their loan process face to face.

We addressed common questions about the best personal loans in Toledo, Ohio to offer valuable insight and assist you in making informed decisions.