Best Personal Loans in Indiana

Quick Look: The Best Personal Loans in Indiana

• Best for Loan Comparison: Credible
• Best for Fee-Less Loans: SoFi
• Best for Debt Consolidation: Payoff
• Best for Low Fees: OppLoans
• Best for Flexible Terms: Rise

A personal loan may be your best bet if you need some extra cash to cover a large or emergency expense. Personal loans are installment plan loans with fixed rates and terms, so you won’t be unpleasantly surprised by more interest than you bargained for.

Check out our list of the best personal loans in Indiana to find your financial solution today. 

Best Personal Loans in Indiana

Look into a personal loan from a trusted online lender. You can compare loans easily, apply and receive funds all from your phone. Take a look at our list of the best personal loans available online in Indiana.

Credible

Credible is a handy loan comparison service with a user-friendly interface. With just a few questions, Credible links you with personalized borrowing options from multiple lenders.

If you need funds for anything from debt consolidation to wedding planning, you can easily compare offers without affecting your credit score. The process takes less than 2 minutes, and you can choose whichever lender has the best terms and rates.

You’ll find personal loan options with fixed, competitive rates with terms that range from 1 to 10 years. Loan amounts range from $1,000 to $200,000. 

Aside from personal loans, you can apply for home loans and mortgage refinancing. Student loans and student loan refinancing is also available.

SoFi

Avoid high-interest payments with a personal loan from SoFi. SoFi is an online lender that offers personal loans for debt consolidation and home improvements. You can also get loans for home renovations, relocation assistance, medical procedures and more.

SoFi makes it easy to apply online, and you can check your rates without hurting your credit score. Loans from $5,000 to $100,000 are available with flexible terms and a fixed rate.

SoFi is a fee-less lender. There are no origination fees, no pre-payments fees and no late fees. Without fees, you pay less overall, and you can pay off the loan faster.

Happy Money

Taking on more debt to consolidate your debt may seem counterintuitive, but it can actually make your debt more manageable. Happy Money is an online service that connects you with lenders who can help you consolidate your debt. 

Because personal loans often have low-interest rates, you can save more money than if you carry the balances on high-interest credit cards. And paying 1 set monthly payment at a low, fixed rate can make paying down debt less costly and more manageable.

Loans range from $5,000 to $35,000 at a fixed APR. Terms fall between 2 to 5 years with origination fees of 0% to 5%. Individual rates and terms are determined by your credit history and score.

Unlike many lenders, Happy Money is clear about its borrower standards. Happy Money has the following considerations and minimum requirements:

• Credit score of at least 640 
• Repayment history for open accounts
• Debt-to-income (DTI) ratio 
• Credit history age 
• No current delinquent accounts

Use Happy Money to get a handle on your finance by structuring your debt payments. Your higher credit limit and lowered credit utilization will also give your credit score a boost.

OppLoans

OppLoans by OppFi offers online loans with quick applications to anyone in Indiana, fast decisions and faster funding. You can choose from a range of small loan amounts, get personalized service and manage your loan online with no issue. 

There are also loans for those with bad credit and some that involve no credit check at all. Living in Indiana, your finances could be tied to a number of issues that you must address, and you deserve some peace of mind. The platform also offers:

• Quite a bit of information related to financial education
• No origination or prepayment fees
• Fixed rates
• No hidden fees

If you want to apply, you can visit the website right away, or you can contact the firm for assistance if you’re not yet ready to apply. This might be an easy loan to get for any unexpected expense or emergency. Plus, you can use these loans to deal with travel expenses, education costs, etc.

Rise

With Rise, you can borrow $500 to $5000, enjoy a risk-free guarantee and borrow on your terms. You can also take advantage of credit tracking that will help you improve your financial picture. This can be especially helpful for you when you need to gain access to quick cash instead of managing a massive expense, emergency, etc. 

The process is simple because you can:

• Apply online
• Choose your terms and amount
• Sign and get your money

Because the process is so simple, Indianans can take advantage these loans right away. Plus, this might be a good option for those with little or no credit.

Personal Loan Considerations

If you know you can meet rigid repayment terms and want to pay for a large expense with an installment plan, a personal loan is a great option for you. Compare loans from different lenders to find 1 with terms and rates that work for you. Be careful for predatory loan offers, especially online — look for industry-trusted lenders.

Personal Loans vs. Credit Cards

A personal loan is your best bet if you need a set amount to cover a specific expense. You’ll need to meet set monthly payment amounts and deadlines. If you want consistent access to revolving credit with more flexible repayment options, a credit card can do the job.

Get Quick Funds With a Personal Loan

No matter why you need extra cash, a personal loan can be your solution. Use Benzinga’s list of lenders to compare your options and find the best personal loan today. 

Frequently Asked Questions