Best Personal Loans in Philadelphia, PA

Freedom Credit Union is the best personal loan lender in Philadelphia, Pennsylvania, with a MoneyGeek score of 99 out of 100, offering quality service, competitive interest rates, and flexible repayment terms. Laurel Road, the best lender for online personal loans, received a MoneyGeek score of 93 out of 100 for its strong customer service, quick application and approval process, and credible and transparent loan terms.

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 Pennsylvania.

According to the United States Census Bureau, the median annual household income in Philadelphia, Pennsylvania, in 2022 was $56,517. Whether your income is above or below this median value, what matters most 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 instance, for a $10,000 personal loan with a 10% interest rate and three years in repayment terms, the monthly payments would be $323, resulting in $3,876 per year. This amounts to 7% of the median annual household income in Philadelphia.

Borrowers in Philadelphia, Pennsylvania searching for the best personal loans have the benefit of selecting from a variety of national lenders that offer in-person services. In Philadelphia, those options include Truist, Wells Fargo, PNC, Santander, and TD Bank. Each lender has branches throughout the city, making it convenient for borrowers to discuss loan options, ask questions, and manage their accounts in person.

We addressed common questions about the best personal loans in Philadelphia, Pennsylvania, offering valuable insight to assist your decision-making process.