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Best Personal Loans in Fort Worth, TX

Personal loans in Fort Worth can be used for multiple purposes including financing big purchases, home renovations, medical emergencies and debt consolidation. On average, the personal loan debt in Texas is $15,505 with the average interest rate being 8.78%. However, when you apply for a personal loan in Fort Worth, interest rates and loan limits will vary depending on factors like your chosen lender, credit score and debt to income ratio.

By Christopher Boston

Reviewed by Morgan Hull

Updated: November 21, 2024

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WHAT WE’RE GEEKING OUT ON

The Best Overall Personal Loan Lender in Fort Worth
The Best Personal Loan Lender for Bad Credit in Fort Worth
The Best Personal Loan Lender for Good Credit in Fort Worth
The Best Personal Loan Lender for Debt Consolidation in Fort Worth
The Best Personal Loan Lender for Home Improvements in Fort Worth
How to Choose the Right Personal Loan for You
Frequently Asked Questions About Personal Loans in Fort Worth

MoneyGeek's Picks for Best Personal Loan Lenders in Fort Worth, TX

To help you find the best personal loans in Fort Worth, MoneyGeek evaluated lenders for over 30 data points. Our analysis took into consideration lenders’ loan accessibility and affordability, average annual percentage rate (APR), minimum credit score and income requirements and other rates and fees. MoneyGeek also considered ratings from the Better Business Bureau (BBB) and other features to identify the best personal loan lenders in Fort Worth.

MoneyGeek analyzed the best lenders in Fort Worth for different profiles including borrowers with poor credit, those with good credit and borrowers looking to consolidate debt.

Best Personal Loan Lender Overall in Fort Worth: Truist

Truist
- 8.14% to 18.99%APR Range
- NoneMinimum Credit Score
- $3,500 to $50,000Loan Amount Range
- 6 to 60 monthsRepayment Terms
- Next DayTime to Receive Funds
Truist was formed in 2019 from the merger of BB&T and SunTrust. Though the lender is headquartered in Charlotte, North Carolina, its personal loans are offered in 15 states, including Texas.
Truist offers flexible loan amounts at relatively low APR rates ranging from 8.14% to 18.99%, depending on the borrower’s creditworthiness. A variety of payment terms, ranging from six months to five years, are also available. This lender has no minimum gross income requirement. It also doesn't require a minimum credit score.
Despite these benefits, it’s important to note that Truist has no prequalification option and conducts hard credit checks which may impact your credit score. Personal loans from Truist also face certain restrictions on fund use.
Pros
Relatively low APR rates
No origination fees
No prepayment fees
Short fund disbursement time
Auto payment discounts

Cons
Prequalification not available
Hard credit checks
High minimum credit score
Co-signers not allowed
Restrictions on fund usage

Best Personal Loan Lender for Bad Credit in Fort Worth: Upstart

Upstart
- 3.22% to 35.99%APR Range
- 300Minimum Credit Score
- $1,000 to $50,000Loan Amount Range
- 36 to 60 monthsRepayment Terms
- Next DayTime to Receive Funds
Upstart is an artificial intelligence (AI) driven lending platform based in San Mateo, California. Since the company was founded in 2012, it has originated over $25.4 billion worth of loans. This lender requires a relatively low minimum credit score of 300 and offers short fund disbursement times for borrowers who need loans fast.
Upstart stands out among lenders in Fort Worth for its accessibility, since borrowers do not need a lengthy credit history to qualify for a loan. With this lender, you can borrow loan amounts from $1,000 to $50,000, making it a good option for both small and large expenses. Upstart has a convenient online application process and you can also check if you prequalify for a loan without affecting your credit score.
Though no minimum credit score is required to apply for a loan with Upstart, you may be charged an interest rate up to 35%. The lender also charges origination and late fees, which could increase the amount of your loan even more.
Pros
Relatively low credit score requirement
No prepayment penalties
Variety of loan amounts
Soft credit inquiry
Funds available on the next business day

Cons
Minimum gross income requirement
Relatively high APR rates
Late fees
Origination fees
Debt-to-income (DTI) limit of 45% or less

Best Personal Loan Lender for Good Credit in Fort Worth: SoFi

SoFi
- 5.74% to 20.28%APR Range
- 680Minimum Credit Score
- $5,000 to $100,000Loan Amount Range
- 12 to 60 monthsRepayment Terms
- Two DaysTime to Receive Funds
SoFi was founded in 2011 and received an A+ rating from the BBB. If you have a high credit score, SoFi is the best lender for personal loans in Fort Worth.
SoFi personal loans can be used for various purposes including funding home renovations, financing large purchases and consolidating debt. This lender has relatively low fees and borrowers do not incur any origination or early payment fees. Borrowers can also get discounts for signing up for auto payment, making the loan even more affordable.
To qualify for a SoFi loan you need a minimum credit score of at least 680 and a minimum gross income of $50,000. You can find out if you prequalify for a SoFi loan online without a hard credit pull so your credit score will not be impacted.
Pros
No origination fees
No penalties for prepayment
High loan limits
Auto payment discounts
Employment protection

Cons
High minimum gross income requirement of $50,000
High minimum credit score requirement of 680
Restrictions on fund usage
Fund disbursement takes up to two days

Best Personal Loan for Debt Consolidation in Fort Worth: Upgrade

Upgrade
- 5.94% to 35.47%APR Range
- 560Minimum Credit Score
- $1,000 to $50,000Loan Amount Range
- 36 to 60 monthsRepayment Terms
- Same DayTime to Receive Funds
If you’re looking for a personal loan for debt consolidation in Fort Worth, Upgrade is the best option. Upgrade offers borrowers flexible loan limits ranging from $1,000 to $50,000 with direct payment to creditors for debt consolidation.
Upgrade has a minimum credit score requirement of 560, but it does not have a minimum gross income requirement. This lender is ideal if you need a loan quickly since funds are typically disbursed on the same business day of your loan application approval.
With Upgrade, borrowers will incur origination fees and potentially late fees. APR rates are also relatively high, though borrowers with good credit may qualify for lower interest rates.
Pros
Auto-pay discounts
No prepayment fees
Pre-qualification available with soft credit inquiry
No minimum gross income requirement
Option for direct payment to creditors available

Cons
Late fees
Origination fees
High APR rates
Co-signers not allowed

Best Personal Loan Lender for Home Improvement in Fort Worth: Best Egg

Best Egg
- 4.99% to 35.99%APR Range
- 700Minimum Credit Score
- $2,000 to $50,000Loan Amount Range
- 36 to 60 monthsRepayment Terms
- Next DayTime to Receive Funds
Best Egg was founded in 2014 and is available in 47 states including Texas. MoneyGeek’s analysis found that Best Egg offers the best personal loans in Fort Worth for home improvement.
Best Egg offers flexible loan amounts with repayment terms of up to five years. This lender also allows multiple uses for personal loans including home improvement, debt consolidation, relocation, large purchases and other expenses. However, borrowers need a high credit score of at least 700 and a minimum gross income of at least $50,000 to qualify for its loans. This lender does not allow co-applicants.
You can conveniently manage your account and check rates online without affecting your credit score.
Pros
No prepayment penalties
Auto payment discounts
Pre-qualification with soft credit inquiry
Quick disbursement of funds
Widely available — offered in 47 states excluding Iowa, Vermont and West Virginia

Cons
High minimum credit score requirement
High minimum gross income requirement
High interest rates
Origination fees
Late fees

How to Choose the Best Personal Loan Lender in Fort Worth for You

In Texas, the average personal loan debt is $15,505. Personal loans can be used for financing large purchases and consolidating debt. However, before applying for a personal loan in Fort Worth, it is important to consider factors such as your gross income, DTI ratio, credit score and current debts. These factors will be used by lenders to qualify you for a loan so it’s important to choose a lender with the best rates and terms for your specific profile.

1
Ask Yourself the Important Questions
Before you apply for a personal loan, it’s important to ask yourself the following questions:
1. How much funding do I need? Lenders offer different loan limits and the best for you may depend on the amount you need to borrow.
2. What is my credit score? Lenders use your credit score to determine whether you qualify for a personal loan. Your interest rates and the loan limit you’re eligible for may also be impacted by your credit score.
3. Can I afford the monthly payment? When you take out a personal loan, you will be required to make monthly payments so it is important to first consider whether you can afford the monthly payments.
4. How much debt do I already have? Your DTI ratio is an important factor since it will determine your ability to pay back your loan. Some lenders may also require you to have a certain minimum DTI ratio to qualify for a loan.
2
Do Your Research
Personal loan lenders have different minimum requirements, fees, interest rates and accessibility options. Because of this, it’s important that you research and compare providers to find the best lender for your profile.
MoneyGeek recommended the best lenders for certain situations, but a different lender may be best for you based on your needs. By doing your own research, you can identify the lender that’s best for your specific needs.
3
Wait
Personal loans are a long-term commitment so we advise that you wait a few days before applying for a loan. Taking a few days to weigh your options will help you make the right decision based on your current financial situation.
4
Read the Fine Print
Fees like prepayment penalties, late payment fees and other charges can stack up over time, making your loan more costly. It’s important that you read and understand the fine print on your personal loan before signing up so that you are aware of all applicable fees and terms.
5
Apply
Once you’re confident that you have selected the right lender and that you can handle the financial implications of a personal loan, you can go ahead and apply for the loan. Lenders will typically require your personal information including income and financial statements.
With most personal loan lenders in Fort Worth, you can apply conveniently online. Some lenders also allow you to check rates and limits online without impacting your credit score. However, you may want to consult the lender in person or over the phone if you need clarification on terms and fees before applying.

What to Do if You Can’t Get a Personal Loan in Fort Worth

In some cases, your personal loan application may get declined. This can happen due to your credit score, DTI ratio or other factors.

If your application is rejected it’s important to ask the lender why you were denied. This will help you understand how to modify your application to get approved in the future. For instance, if you’re rejected due to a low credit score, you can either work on improving your credit score before reapplying or apply with a different lender that has a lower minimum credit score requirement.

We recommend that you avoid reapplying until you’ve improved the factor that caused you to be initially denied for a loan. Payday loans may seem like a viable alternative if you are declined for a personal loan but we strongly advise against them due to their high interest rates and short repayment periods.

Frequently Asked Questions About Personal Loans in Fort Worth

The best personal loan lender in Fort Worth for you will depend on your needs and various other credit and income factors. To help you learn more about personal loans in Fort Worth, we answered some of the most common questions.

What is the best personal loan lender in Fort Worth?

Truist is the best lender overall for personal loans in Fort Worth. If you have bad credit, Upstart may be the best lender for you, while SoFi is the best for borrowers with good credit. Upgrade and Best Egg are the best lenders for debt consolidation and home improvement, respectively.

Which lender in Fort Worth has the lowest interest rate?

Upstart has the lowest interest rates in Fort Worth starting at 3.22%.

Can I use a personal loan for vacations in Fort Worth?

You can likely use a personal loan to pay for a vacation in Fort Worth, but you should check with your lender to see if your loan has any restrictions on fund use.

Can I use a personal loan for home improvement in Fort Worth?

Most lenders allow the use of personal loans for home renovations but this may vary depending on the lender. It’s important to verify with your lender that there are no restrictions on fund use before applying for a loan.

What can I not use my personal loan for in Fort Worth?

You cannot use a personal loan in Fort Worth for illegal activities, gambling, investments and in some cases, funding college education. However, each lender may have different restrictions so we advise that you check with your preferred lender for their terms on usage of funds.

How much can I borrow in Fort Worth?

You can borrow personal loans ranging from $1,000 to $100,000 in Fort Worth. However, lenders will evaluate how much you qualify for based on factors like your credit score, income level and debt to income ratio. Different lenders also have specific loan limits, so it’s important to compare lenders to find one with flexible limit options.

How long does it take to get a personal loan in Fort Worth?

It takes between one and seven days to get a personal loan in Fort Worth. Some lenders, like Upgrade, may disburse funds on the same day, while others may take up to a full week.

Can I pay off my loan early in Fort Worth?

Most lenders in Fort Worth allow you to pay your loan early without incurring early payment fees. However, some lenders may charge prepayment fees, so always check with your lender for any prepayment charges before applying for a loan.

Our Personal Loan Methodology

MoneyGeek reviewed more than 30 personal loan lenders using 35+ data points across six key categories: loan affordability, accessibility, consumer friendliness, customer service, flexibility and lender transparency.

To evaluate lenders within each category we considered several individual data points that we feel carry the most weight when choosing a personal loan lender. These data points include APR ranges,loan limits, minimum credit score, minimum income amount, application fees and disbursement time.

Here at MoneyGeek, we value user experience so in our analysis we also factor in each lender’s customer support, business ratings and additional features that make the user experience better for the consumer such as prequalification and payment options and availability of mobile apps.

MoneyGeek’s picks are decided and chosen with your best interest in mind. Our recommendations for personal loan lenders and expert tips are meant to help you make the best decision when choosing a lender that suits 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.

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sources

Best Egg. "Personal Loans." Accessed September 18, 2024.
SoFi. "Compare Rates and Terms." Accessed September 18, 2024.
Truist. "Personal Loans." Accessed September 18, 2024.
Upstart. "Personal Loans." Accessed September 18, 2024.
Upgrade. "Personal loans." Accessed September 18, 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.