Updated: October 29, 2024
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To determine the best personal loans in Corpus Christi, MoneyGeek explored what each lender has to offer. These include loan amounts, repayment lengths, interest rates, fees and minimum requirements. We also considered the factors affecting your chances of getting an approval, such as minimum credit score and gross income.
In this guide, we present our top picks for borrowers with good credit, those with bad credit and those looking to use their loans for debt consolidation or home improvement.
MoneyGeek found that Truist offers the best personal loans in Corpus Christi. It was formed after the merger between BB&T and SunTrust in 2019.
Truist offers personal loans from $3,500 to $50,000 and flexible payment terms of six months to five years. They come with no origination fee or prepayment penalty. That said, Truist has a relatively high APR rate, starting at 8.14%.
This company is a good option for emergencies since it can release funds as early as the day after your application. There’s no minimum credit score and gross income requirements for borrowers.
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Powered by artificial intelligence (AI), Upstart is an online lending platform established in 2012. It offers unsecured personal loans from $1,000 to $50,000, which you can use for debt consolidation, medical expenses, home improvement projects, student debt and more.
Upstart is ideal for borrowers with poor credit. You only need a credit score of 300 for your application to be processed successfully. Plus, the company conducts a soft credit inquiry, so your current rating won’t be affected.
While Upstart doesn’t charge any prepayment penalties, it does charge an origination fee. Its personal loans also have a fixed interest rate, ranging from 5.22% to 35.99%. Note that the rate you’ll qualify for depends on various factors such as your education, work experience and credit history.
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Since 2011, SoFi has been offering various financial products, including unsecured personal loans. They come with no origination fee, prepayment penalty or late fees.
With SoFi, you can borrow a maximum of $100,000 at an APR of 5.74% to 20.28%. You can also get a 0.25% discount for setting up automatic payments. Keep in mind, however, that SoFi personal loans are solely for personal, family or household purposes. You can’t use your funds for real estate, business, investments, purchases of securities, post-secondary education and short-term bridge financing.
Borrowers with a credit score of at least 680 can apply for a SoFi loan. You must also be employed or have an offer of employment to start within the next 90 days. While SoFi accepts co-applicants, it doesn’t offer co-signers on its personal loans.
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Upgrade is the best lender for personal loans in Corpus Christi if you’re looking to consolidate debt. It allows you to streamline multiple payments into a single monthly payment and offers direct payments to creditors.
With Upgrade, you can borrow loans from $1,000 to $50,000 and get your fund the same day. You also won’t be charged a fee for paying off your loan before the end of your term. However, you will pay a 2.9% and 8% origination fee for processing your application. Furthermore, Upgrade loans have fixed rates ranging from 5.94% to 35.47%.
If you think this lender is for you, you need a credit score of at least 560 to qualify for its personal loan. Upgrade was founded in 2016 and launched the following year. It serves customers in all 50 states.
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Best Egg offers personal loans ranging from $2,000 to $50,000. While they come with an origination fee of 0.99% to 5.99%, there’s no penalty for paying off your loan before the end of your term.
You can use your Best Egg loan for home improvements, debt consolidation, medical expenses, vacation and more. However, you’re prohibited from using your funds for post-secondary educational expenses, purchasing or carrying any securities or illegal activity.
To qualify for a personal loan from Best Egg, you need a minimum credit score of 700. Note that the company doesn’t accept co-signers. Best Egg was founded in 2014.
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In Texas, the average personal loan debt is $15,505. The most common reasons for taking out a personal loan include debt consolidation, home improvements, medical bills and emergency expenses. Before applying for a personal loan in Corpus Christi, make sure to determine whether or not it’s the right option for you.
MoneyGeek outlined some important steps below to help you throughout your consideration and application process.
To determine whether a personal loan is right for you, you need to ask yourself the following questions:
A personal loan requires a long-term commitment. On average, you will be making monthly payments for two to four years, sometimes longer. That’s why doing your own research is essential before submitting an application. This way, you can find out more about what each lender has to offer in terms of loan amounts, interest rates, various fees and repayment terms. In addition, you can discover if a lender offers discounts or imposes restrictions on its fund usage.
MoneyGeek’s guide can help you learn more about personal loans in Corpus Christi. However, our recommendations may not cover your particular situation. Exploring other options is the best way to determine the best lender for your needs.
It’s normal to feel overwhelmed once you have gathered all the information you need. At this point, it’s best to take a step back and wait a day or two before deciding on a lender and submitting a loan application. A personal loan is a big commitment, and you need to be sure that you are making the best financial decision for your current situation.
Once you’ve decided on a lender, it’s time to read the fine print and understand its terms and conditions. Focus on the small details that may seem trivial but will impact the cost of your personal loan. These include origination fees, prepayment penalties and late fees. Reviewing the fine print can also help you find ways to save money. For instance, some companies offer discounts for automatic payments.
If you are 100% confident about your preferred lender, it’s time to complete your loan application. You will be required to provide personal and residential information, as well as details about your income. Make sure your information is accurate and thorough before submitting it since it can affect your chances of getting approved. Some lenders will let you apply online, but there is no harm in calling or visiting a physical location if you’d prefer to apply that way.
Having your loan application denied can be discouraging. Fortunately, a rejection doesn’t mean your personal loan journey is over. Your next course of action should be getting in touch with your lender.
Find out why they denied your loan application. You can also ask if there is a way to modify certain details, like lowering your loan amount or shortening your loan term, to get a different outcome.
If the decision is final, you can also try applying to a different lender. However, it’s best to improve your profile first and take care of the factor that caused your loan application to be rejected in the first place.
While payday loans are a tempting alternative option, it’s better to avoid them. They usually come with disadvantages, such as quicker payback periods and higher interest rates.
The best personal loan will depend on your particular needs as well as your credit and income. MoneyGeek answered some frequently asked questions about personal loans in Corpus Christi to help you find the best option for your unique circumstance.
Truist offers the best personal loans in Corpus Christi. That said, another lender may be better for a particular situation. For instance, Upgrade is the best option for debt consolidation, while Upstart is ideal for borrowers with bad credit.
With a starting APR of 3.22%, Upstart has the lowest interest rate in Corpus Christi.
You can use your personal loan for various financial purposes, including vacations. However, you will want to double check with your lender to confirm this before applying.
One of the most common reasons why people take out personal loans is for home improvements. In Corpus Christi, Best Egg is the best option for home improvement loans.
Some lenders impose restrictions on fund usage. These include post-secondary education expenses, investments, gambling and illegal activities. Ask your lender for a complete list of restrictions before submitting an application.
Your maximum loan amount will depend on your lender. In Corpus Christi, the typical amount ranges from $1,000 to $100,000.
How fast your fund will be disbursed depends on your lender. Some release funds on the day you’re approved, while others may take longer.
You can pay off your loan early, but some lenders charge a fee if you do this. Read the fine print to see if your loan comes with a prepayment penalty.
We evaluated more than 30 personal loan lenders using more than 35 individual data points across six key categories. These included loan affordability, accessibility, consumer friendliness, customer service, flexibility and lender transparency.
Within each category, we evaluated several individual data points that we believe carry the most weight when choosing a personal loan lender. These factors include APR ranges, available loan amount, minimum credit score, minimum income amount, application fees and disbursement time.
MoneyGeek values every consumer, so we also analyzed each lender’s customer support, business ratings and additional features that could make your experience more convenient and accessible, like prequalification, payment options and mobile apps.
After careful consideration, our top picks are determined with your best interest in mind. Our personal loan recommendations and expert tips are meant to help you choose the best lender for your needs.
About Christopher Boston
Christopher (Croix) Boston was the Head of Loans content at MoneyGeek, with over five years of experience researching higher education, mortgage and personal loans.
Boston has a bachelor's degree from the Seattle Pacific University. They pride themselves in using their skills and experience to create quality content that helps people save and spend efficiently.
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
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