Best Personal Loans in Knoxville, TN: Top Lenders & Best Picks for You

Truist was formed as the result of a merger between BB&T and SunTrust Banks in 2019. This lender offers personal loans ranging from $3,500 to $50,000 with repayment terms between six and 60 months.

There are no origination fees, prepayment penalties or late fees with Truist. Furthermore, by setting up autopay, you will receive a discount. Even borrowers with poor credit scores may qualify for a loan from Truist since it does not have a minimum credit score requirement.

Depending on your needs, you might be able to use your loan in different ways. However, this lender may impose restrictions on how you can use the funds, including refinancing your existing loan, funding postsecondary education expenses or starting your own business.

Upstart, founded in 2012, is the best lender for bad credit in Knoxville. It has a low credit score requirement of 300. Unlike other lenders, Upstart uses data from your employment, income, education, credit history and more to determine your eligibility for a loan.

The loan amounts offered by Upstart range from $1,000 to $50,000. Funds are available the next business day, and repayment occurs over a 36- to 60-month period. Your loan can be repaid early since the lender doesn't charge a prepayment penalty, so you do not need to commit to a specific repayment schedule. The lender, however, charges an origination fee and a late fee for delayed payments.

Before a hard inquiry is made, Upstart performs a soft credit check, so your credit score will not be affected. Upstart's application process is fully automated, so borrowers don't have to visit its office to apply.

Knoxville residents with good credit scores can get the best personal loans from Social Finance or SoFi, which launched in 2011. A minimum credit score of 680 is required to apply for the lender.

A SoFi loan can range from $5,000 to $100,000. With no origination, late fees or prepayment penalties, there are no surprises or fees to worry about.

With SoFi's employment protection feature, borrowers may postpone their payments for up to one year if they lose their income. Personal loans from the lender also come with an autopay discount.

Your SoFi rate can be viewed without a hard credit check.

It can be difficult to move forward when you're in debt. You may want to consider getting a personal loan through Upgrade, MoneyGeek's top choice for a debt consolidation loan, to roll all your debt into one monthly payment that is easy to manage.

Upgrade makes direct payments to third parties to make your life easy. It allows you to borrow between $1,000 and $50,000. The interest rate for these loans is fixed, so your payments will not change throughout the term. Loan terms of up to 60 months are also available from the company.

Depending on your profile, interest rates can be high. You can check your eligibility for a loan online without impacting your credit score. Although Upgrade does not charge a prepayment penalty, it may charge origination and late fees.

Whether you want to remodel your bathroom or update your kitchen, a home improvement loan from Best Egg can make it easy to achieve your dreams.

Knoxville residents can borrow between $2,000 and $50,000 at fixed monthly interest rates for 36 to 60 months with Best Egg. Moreover, Best Egg can disburse funds in as little as the next day, which can be very helpful for people who need repairs right away.

Best Egg's credit requirement of 700 can be difficult to meet if you're just starting with credit or rebuilding after struggling with debt in the past. However, Best Egg does not perform a hard credit check during pre-approval, so there is no harm in requesting an interest rate quote. There is no fee for prepayments, but late fees may be charged by the lender.