Best Personal Loans in Greenville, SC

Name: Best Personal Loans in Greenville, SC
Item: Best Personal Loans in Greenville, SC
Author: Zachary Romeo, CBCA

Greenville Heritage Federal Credit Union offers the best personal loans in Greenville, South Carolina, with a MoneyGeek score of 97 out of 100. It excels in providing competitive interest rates, flexible loan terms and a high level of credibility and transparency.

By Zachary Romeo, CBCA

Reviewed by Alvin Yam, CFP

Edited by Lukas Velunta

Updated: October 29, 2024

Advertising & Editorial Disclosure

Greenville Heritage Federal Credit Union is the best personal loan lender in Greenville, South Carolina, with a MoneyGeek score of 97 out of 100, offering flexible repayment terms, competitive interest rates and a transparent loan process. Laurel Road is the best lender for online personal loans, with a MoneyGeek score of 93 out of 100, known for its strong customer service, prompt application and approval process, and transparency.

We prioritized local lenders and scored them based on factors like interest rates, loan terms, loan application process, and 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 South Carolina.

MoneyGeek analyzed hundreds of lenders based on a rubric that includes APR ranges, loan amounts and repayment terms, among other key areas. We use a point-based system, assigning scores according to the presence or absence of certain desirable features in various critical categories.

Our overall analysis was completed in August 2024. Here we considered banks and credit unions with brick-and-mortar locations in Greenville, South Carolina. We also looked at online-only lenders licensed to do business in the state.

325Lenders Analyzed Nationally

Overall Best Personal Loan in Greenville, SC

Greenville Heritage Federal Credit Union

MoneyGeek Score97

APR RangeFrom 8.95%

Loan Amount RangeUp to $15,000

Repayment TermsUp to 42 months

Time to Receive FundsUndisclosed

Overview

Greenville Heritage Federal Credit Union is the best personal loan lender in Greenville, South Carolina, with a MoneyGeek score of 97 out of 100. It stands out with its federal insurance by the NCUA and its A+ rating from the Better Business Bureau. These factors contribute to a high level of trust and security for borrowers.

Best Online Personal Loan in Greenville, SC

Laurel Road

MoneyGeek Score93

APR Range9.49% to 24.50%

Loan Amount Range$5,000 to $45,000

Repayment Terms36 to 60 months

Time to Receive FundsWithin 7 Days

Overview

The best online lender for personal loans in Greenville, South Carolina is Laurel Road with a MoneyGeek score of 93 out of 100. Its personal loan offerings range from $5,000 to $45,000, with repayment terms spanning from 36 to 60 months. Potential borrowers should consider the advantage that it offers a 0.25% autopay discount and does not charge origination fees, significantly reducing the costs associated with taking out a loan.

Calculate Your Monthly Payment in Greenville, SC

As reported by the United States Census Bureau, the median annual household income in Greenville, South Carolina, in 2022 is $67,340. Regardless of whether your actual income is above or below this 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, totaling $3,876 per year. This amount represents approximately 6% of the median annual household income in Greenville, South Carolina.

Personal Loan Calculator

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Updated: Nov 21, 2024

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Runner-Up for Best Personal Loan in Greenville, SC

MTC Federal Credit Union

MoneyGeek Score93

APR RangeFrom 10.45%

Loan Amount RangeUndisclosed

Repayment TermsUp to 60 months

Time to Receive FundsUndisclosed

Overview

MTC Federal Credit Union is recognized as the runner-up for the best personal loans in Greenville, South Carolina, with a MoneyGeek score of 93 out of 100. This lender provides several appealing features. First, it is federally insured by the NCUA, offering an added layer of security for borrowers. Additionally, it offers an option to skip a loan payment, providing flexibility in times of financial strain.

Other Options for Personal Loans in Greenville, SC

Greenville Federal Credit Union

MoneyGeek Score93

APR RangeFrom 11.99%

Loan Amount RangeUndisclosed

Repayment TermsUndisclosed

Time to Receive FundsUndisclosed

Overview

Greenville Federal Credit Union in Greenville, South Carolina, is a solid option for personal loans, boasting a MoneyGeek score of 93 out of 100. Borrowers will appreciate that it is federally insured by the NCUA and has an A+ BBB rating, adding layers of security and credibility to their lending process.

Carolina Foothills Federal Credit Union

MoneyGeek Score90

APR RangeFrom 10.90%

Loan Amount RangeUndisclosed

Repayment TermsUp to 48 months

Time to Receive FundsUndisclosed

Overview

Carolina Foothills Federal Credit Union is another good choice for personal loans in Greenville, South Carolina, receiving a MoneyGeek score of 90 out of 100. It is federally insured by the NCUA, assuring borrowers of its reliability. Additionally, it has a BBB rating of A+, showcasing its trustworthiness in the industry.

National Lenders With Physical Locations in Greenville, SC

Borrowers in Greenville, South Carolina looking for the best personal loans who value the face-to-face interaction provided by national lenders have a variety of choices in the city. The lenders present include Truist, Fifth Third Bank, Wells Fargo, PNC and TD Bank, offering a range of personal loan options and services to meet diverse financial needs.


Fifth Third Bank	8.99% to 21.74%	$2,000 to $50,000	12 to 60 months
PNC	Undisclosed	$1,000 to $35,000	6 to 60 months
TD Bank	8.99% to 23.99%	$2,000 to $50,000	36 to 60 months
Truist	8.74% to 17.39%	Starting from $3,500	24 to 60 months
Wells Fargo	7.49% to 23.24%	$3,000 to $100,000	12 to 84 months

What to Do if You Can't Get a Personal Loan in Greenville, SC

Your personal loan application in Greenville, South Carolina can get denied due to various reasons, like a low credit score, negative financial history or an unfavorable debt-to-income ratio. If this happens, there are some steps you can take to navigate this setback.

1
Find out the reason for the denial
Some lenders may deny your loan application due to a poor credit score, high debt-to-income ratio, low income level or errors in your application. Reviewing these reasons helps you improve your weak areas and prevent another loan application denial in the future.
2
Modify your loan terms
You can try asking your lender if you can adjust the loan amount or repayment terms to get approved.
3
Look for another lender
Different lenders have varying eligibility criteria for personal loan approval. Shopping around and considering factors such as minimum credit score requirements, interest rates, loan terms, additional fees, and customer service helps you find the best lender for your particular needs and circumstances.
4
Explore credit counseling services
Lenders often look at your debt-to-income ratio when evaluating your loan application. You may consider a credit counseling agency to better manage your credit card debt and develop your budget. You can get credit counseling services from the Greenville Financial Empowerment Center. The Department of Justice's list of approved credit counseling agencies can be another option.

FAQ About Personal Loans in Greenville, SC

We addressed common questions about the best personal loans in Greenville, South Carolina to offer valuable insight and assist in informed decision-making.

What is is the best overall personal loan lender in Greenville, South Carolina?

Greenville Heritage Federal Credit Union stands out as the best overall personal loan lender in Greenville, South Carolina, offering an APR range from 8.95%, generous loan amounts up to $15,000, and flexible repayment terms up to 42 months.

What are personal loans used for in Greenville, South Carolina?

Personal loans can be used for a variety of needs including home improvements, emergency circumstances, and vacations. Although you can use personal loans for many purposes, some restrictions apply. For instance, they typically can't be used for college tuition or gambling.

What are the interest rates on personal loans in Greenville, South Carolina?

Personal loans in Greenville, South Carolina feature APRs ranging from 8.95% to 11.99%, based on the lenders in our database. It's beneficial to always compare personal loan rates to find the best terms for you.

What are the benefits and drawbacks of personal loans?

Personal loans offer several benefits including lower interest rates compared to credit cards, the ability to consolidate high-interest debt, and quick access to funds. While they can offer financial flexibility, personal loans also carry potential risks like origination fees and the risk of losing assets with secured loans.

What are some personal loan red flags to look out for?

It's crucial to be cautious when considering personal loans, ensuring the ability to afford the new debt. Red flags include extremely high APRs, a lack of transparency about the lender's federal insurance and a high frequency of poor consumer reviews.

How to apply for a personal loan online?

Applying for a personal loan online is typically a straightforward process, with most lenders providing quick and easy application forms on their websites.

Can I get a personal loan with bad credit in Greenville, South Carolina?

While obtaining a personal loan with bad credit in Greenville, South Carolina is challenging, it's not impossible. Review our recommendations for the best loans for bad credit and best loans for bad credit in South Carolina to explore your options.

What are the best low-interest personal loans in Greenville, South Carolina?

To assist you, we've compiled information on some of the best low-interest personal loans to help you compare and make an informed decision.

What is an installment loan? Is there a difference between personal loans and installment loans in Greenville, South Carolina?

In Greenville, South Carolina, personal loans are a type of installment loan, which refers to the payments being made in regular installments over time.

Is there a difference between credit union loans and bank loans in Greenville, South Carolina?

When comparing credit union loans to bank loans in Greenville, it's essential to consider differences in interest rates and application requirements. Credit unions may offer lower rates for members, while banks often require a bank account or checking account to apply for a loan.

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About Zachary Romeo, CBCA

Zachary Romeo is a certified Commercial Banking and Credit Analyst (CBCA), and the Head of Loans and Banking at MoneyGeek. Previously, he led production teams for some of the largest online informational resources in higher education, with over 13 years of experience in editorial production.

Romeo has a bachelor's degree in biological engineering from Cornell University. He geeks out on minimizing personal debt and helping others do the same through people-first content.

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sources

United States Census Bureau. "Greenville City, South Carolina." Accessed September 26, 2024.
Greenville Financial Empowerment Center. "Greenville Financial Empowerment Center." Accessed September 26, 2024.
U.S. Department of Justice. "Credit Counseling Agencies - South Carolina." Accessed September 26, 2024.

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.

Best Personal Loans in Greenville, SC

Overall Best Personal Loan in Greenville, SC

Best Online Personal Loan in Greenville, SC

Calculate Your Monthly Payment in Greenville, SC

Personal Loan Calculator

Runner-Up for Best Personal Loan in Greenville, SC

Other Options for Personal Loans in Greenville, SC

National Lenders With Physical Locations in Greenville, SC

What to Do if You Can't Get a Personal Loan in Greenville, SC

Find out the reason for the denial

Modify your loan terms

Look for another lender

Explore credit counseling services

FAQ About Personal Loans in Greenville, SC

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