Best Personal Loans in Eugene, OR: Top Lenders & Best Picks for You

Based on our analysis, LightStream offers the best personal loan in Eugene due to its varied loan amounts, flexible repayment terms and same-day funding.

The lender offers loan amounts ranging from $5,000 to $100,000 with repayment terms from 24 to 84 months. While its maximum interest rate is relatively high in comparison to its competitors, its Rate Beat Program offers borrowers a potential discount of 0.10% if they can provide proof of loan approval at a lower rate two days prior to loan funding.

As a trusted Truist subsidiary, LightStream is one of the few lenders that does not charge origination fees. You can also check out other lenders that have no origination fees when taking out a loan. Funds can be accessed the same day of approval. Borrowers can also monitor their account through the lender’s mobile app.

Loan proceeds from LightStream have certain restrictions. Loans cannot be used for reasons other than what was included in the original loan application or to refinance an existing LightStream personal loan.

Upstart personal loans provide borrowers with a minimum credit score of 300 the opportunity to obtain a personal loan. This lender uses artificial intelligence when approving applications, which allows them to take into account other factors like a borrower’s education or employment history when deciding whether or not they’re approved.

Upstart conducts a soft credit pull during the initial loan application, making it ideal for bad credit borrowers who want to check their rates but don’t want to risk hurting their scores. However, after you’ve accepted your rate and continued your loan application, the lender will conduct a hard credit check.

Borrowers should also be mindful that they may receive a high interest rate depending on their credit score. The lender also charges fees for loan origination and late payments, which may increase the cost of your loan.

Social Finance Inc., also known as SoFi, is an alumni-funded fintech company that offers financial products like student loans, mortgages and personal loans. To qualify for a loan with this lender, borrowers must have a good credit score of at least 680.

Loan products range from $5,000 to $100,000. Personal loans with this lender have some of the lowest interest rates in the industry. SoFi loans don’t have origination, closing costs or prepayment penalties.

Borrowers who need immediate funding should consider lenders that offer instant approval. SoFi’s personal loan tool provides an estimated rate within 60 seconds and only conducts a soft credit pull during the initial application. Once approved, you can receive funding in a few days. SoFi offers unemployment protection, which adjusts or defers your payment when you lose your job.

Upgrade offers the best personal loan in Eugene for debt consolidation because the lender pays third-party creditors directly. Upgrade personal loans range from $1,000 to $50,000. Although most borrowers will qualify for a loan — the lender’s minimum credit score requirement is 560 — they may receive a high interest rate depending on their credit score.

Although the maximum interest rate you may pay is relatively high, lenders can lower the interest rate when you sign up for automatic payments. Upgrade's A+ rating from the Better Business Bureau also shows that the lender delivers quality customer service.

If you’re planning to renovate or upgrade your home in Eugene, you may receive the best personal loan from Best Egg.

Best Egg is considered the best personal loan in Eugene for home improvement as its loan products feature fixed interest rates and manageable monthly payments. Borrowers can obtain $2,000 to $50,000 with repayment terms between 36 and 60 months.

While Best Egg may be considered the best lender for home improvement, only those with a minimum credit score of 700 will qualify. Furthermore, borrowers may receive a high interest rate if they don’t have excellent credit.