Best Personal Loans in Brownsville, TX: Top Lenders & Best Picks for You

Established in 2019, Truist offers personal loans to consumers to cover a wide range of expenses like home repairs, debt consolidation and more. Personal loans from this lender range from $3,500 to $50,000, which you can repay between six and 60 months.

Truist is our top pick for the best personal loan in Brownsville for several reasons. Its APR range is much lower than most competitors. It also offers a broad range of repayment term options, from as short as six months to as long as five years. It received an A+ rating from the Better Business Bureau, which indicates that the lender is dedicated to efficiently resolving customer complaints.

You may also qualify for a discount of 0.5% when you set up automated payments. The company doesn't charge origination, late or prepayment fees, making it an affordable option for many borrowers.

MoneyGeek's top recommendation for borrowers with bad credit is Upstart. This lender has been operating since 2012 and provides personal loans ranging from $1,000 to $50,000, payable in 36 or 60 months.

Upstart's 300 minimum credit score requirement allows borrowers with bad or incomplete credit to apply. It doesn't solely look at your credit score but also takes into account your income, education and employment history.

Upstart processes loans fast and disburses funds as early as the next day after application. While the lender charges origination and late fees, it doesn't charge a prepayment fee if you wish to settle your debt early.

The lender also performs a soft credit check, which means you can view your potential rates without affecting your credit score. The loan process of Upstart is fully automated, which means you can do everything online and avoid the hassle of visiting a branch.

If you have a good credit score, MoneyGeek recommends getting a personal loan from SoFi, which was established in 2011. SoFi personal loans range between $5,000 and $100,000 with generous repayment terms. It also offers quick funding, which is helpful if you are in an emergency.

The lender has a minimum credit score requirement of 680. You may check your rates with the lender without impacting your credit score, as it performs a soft credit check. Upstart has no origination, late or prepayment fees, so you won't have to worry about additional penalties. Moreover, you are eligible for a discount of 0.25% if you set up an automatic payment.

One unique feature of SoFi is its employment protection, which allows borrowers to postpone their payments for a maximum of one year if they unexpectedly lose their jobs.

For those in Brownsville, Texas, planning to consolidate their debts, MoneyGeek suggests getting a personal loan from Upgrade. Debt consolidation is a great way to combine your debts into one convenient payment and pay a lower interest rate.

Upgrade pays directly to third-party creditors and offers loan amounts ranging from $1,000 to $50,000. If you wish to pay your loan early, you may do so freely, as the company doesn't impose prepayment penalties.

The lender performs a soft credit check, which doesn't affect your credit score, to determine your eligibility. However, you may be subject to an origination fee and a late fee. Also, Upgrade has a low minimum APR and a high maximum APR, so it may not be a great option if you don’t have excellent credit.

If you're planning a home improvement project in Brownsville, Texas, and need a personal loan to cover the costs, look into Best Egg.

Best Egg allows residents from Brownsville to borrow between $2,000 and $50,000, with repayment terms of 36 to 60 months. Next-day funding is available with this lender, so homeowners who need a quick home repair may benefit. Best Egg performs a soft credit check, so you can check if you are eligible and view your potential rates without harming your credit score.

However, the lender has a high credit score requirement of 700. So, if you have a bad credit score, you may need to look elsewhere. Best Egg has no fee for prepayments, but late fees may apply.