Best Personal Loans in Michigan

Quick Look: The Best Personal Loans in Michigan

• Best for Loan Comparison: Credible
• Best for Debt Consolidation: SoFi
• Best for Comparing Lenders: LendingClub
• Best for Bad Credit: Integra
• Best for Low Fees: OppLoans

Extra cash could help you cover a large expense like a home renovation or even give you the chance to consolidate high-interest credit card debt. A personal loan can connect you with cash to fund almost anything. 

Need extra cash? Check out Benzinga’s list of the best personal loans in Michigan to find a lender now.

Best Personal Loans in Michigan

It's easier than ever to handle your finances online. Apply and manage your personal loan online with these digital platforms. You can secure the funding you need, handle expenses that are coming your way and better define your financial plan.

Credible

Credible is a free service that offers personal loans from multiple lenders. Qualify in just 2 minutes to see your potential loans without hurting your credit score.

Credible connects you with viable lenders after you answer a few questions. It presents prequalified rates and you can elect the loan with the best rates and terms and continue on to finalize the transaction. There’s no obligation until you sign for the loan.

Credible offers loans that range from $1,000 to $200,000. Use a personal loan from Credible for anything from wedding costs and starting a new business.

SoFi

SoFi is an online lender that provides several types of loans, including personal loans. Personal loans from SoFi cover credit card consolidation, home renovations, relocation assistance and medical procedures. 

There are no origination fees, no pre-payments fees and no late fees. You can borrow anywhere from $5,000 to $100,000 from SoFi. Apply online, qualify and check your rates without hurting your credit score.

LendingClub

LendingClub is a unique lending platform that allows Michigan residents to check their eligibility without impacting their credit, complete the process entirely online and get funded in around 24 hours. You will see a range of loan offers that will help you choose the best program for the situation, and you can proceed with the loan as needed.

LendingClub also makes it clear that you may want to apply with a cosigner to improve your chances of being approved. With this type of customer support and information, it’s much easier to make the most of your finances after bankruptcy, especially because it can be more difficult than ever to get obtain loans from traditional banks. You can also take advantage of this platform if you live in rural parts of Michigan where traditional banks and credit unions are not readily available.

Integra

Integra Credit makes it easy for anyone to get a loan, even if you don’t have the best credit. You can apply online, read about how to better manage your finances, get a quick decision, sign your documents online and get funded in short order.

Your money is sent directly to your bank account, and you can also enjoy a few other features:

• Flexible payment options
• Flexible loan amounts and terms
• Lines of credit are also available

Your rates and terms may vary depending on your credit situation, but this is a welcoming platform that can help veterans access cash and make the most of their financial futures. Michigan residents can use loans from Integra to manage medical costs, unexpected expenses and much more.

OppLoans

OppLoans by OppFi offers veterans online loans with quick applications, 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. As a veteran, your finances could be in a state of flux or peril, 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. Plus, Michigan residents can use this platform to gain quicker access to the money they need, simplifying the process and expediting your return to financial normalcy.

Personal Loan Considerations

Look into a personal loan if you need a lump sum of cash that you prefer to pay off in installments. Make sure you can meet the terms and conditions before agreeing to a loan. And look out for predatory lenders — use vetted, industry-trusted lenders and do your own research. 

Personal Loans vs. Credit Cards

A personal loan is a closed-end, lump sum of cash. It tends to come with fixed rates and terms. The loan closes once you pay it off. 

A credit card is a revolving line of credit. Credit cards usually have variable rates. While you usually pay a monthly payment for each, a credit card doesn’t have an “end date” — you can reuse the credit you pay off.

Use a personal loan if you need credit to cover a specific, large expense. Use a credit card if you want continuous access to credit for smaller expenses.

Find a Personal Loan Now

A personal loan can help you fund a big purchase in installments. You can also consolidate debt and repair your credit with a personal loan. Use our list as a starting point and find the perfect personal loan now.

Frequently Asked Question