Best Personal Loans in New York

Quick Look: The Best Personal Loans in New York

• Best for Comparing Lenders: Credible
• Best for No Origination Fees: SoFi
• Best for Bad Credit: Integra
• Best for Low Fees: OppLoans
• Best for Flexible Terms: Rise

If you need to cover a large expense but don’t quite have enough money, a personal loan may be your solution. A personal loan is a one-time cash infusion that you pay off over time with an installment payment plan. Find a suitable lender using Benzinga’s list of the best personal loans in New York.

Best Personal Loans in New York

Online lenders and loan comparison services make it easy to apply for a loan from the comfort of your couch. 

Credible

Connect to lenders using Credible’s free loan comparison service. Credible has a fluid, easy-to-use platform. By answering a few questions, you can prequalify for loans without hurting your credit score. This takes less than 2 minutes.

Credible will link you with lenders offering several types of credit and loans: credit cards, mortgages, private student loans, personal loans and refinancing options. 

Loans range from $1,000 to $200,000. Terms and rates depend on individual lenders and your creditworthiness. You can use most personal loans from Credible whatever you choose though some lenders do offer targeted use loans.  

Streamline your loan search using Credible. Choose whichever loan works for you. Close with a better rate than you prequalify for on Credible and get a $200 gift card. Terms Apply.

SoFi

SoFi is a digital lending platform. SoFi offers home loans, private student loans and personal loans. You can also apply for mortgage and student loan refinancing.

SoFi’s personal loan is great for debt refinancing and covering home improvement costs. Borrow anywhere between $5,000 to $100,000. This loan has low, fixed rates and terms ranging from 2 to 5 years.

There are no fees associated with a personal loan from SoFi, like origination fees or prepayment fees.

Prequalify without checking your score and then finish your application online in an easy, 3-part process. Checking your rates doesn’t show up on your credit report. 

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.

OppLoans

OppLoans by OppFi offers 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 New Yorker, your finances may be difficult to manage due to the high cost of living, 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.

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 veterans because it is hard to manage your money when you’re moving frequently, deployed, etc. 

The process is simple because you can:

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

Personal Loan Considerations

A personal loan is best if you need a lump sum deposit to fund a larger expense or refinance your debt at a lower interest rate. Look for personal loans with low rates, flexible terms and minimal fees. Make sure to only accept a loan with terms that you know you can meet. Be cautious of predatory lenders or bad loans, especially online. 

Personal Loans vs. Credit Cards

Choose a personal loan if you have a specific expense or goal that requires 1 lump sum payment. A credit card is better for small, everyday purchases. Personal loans often have rigid terms and low, fixed interest rates while credit cards are revolving lines of credit and have variable rates that can be quite high.

Find a Personal Loan Today

No matter what you need it for, a personal loan is a financially sound way to get extra money when you need it. Low rates and flexible terms often make them a more appealing alternative to credit cards. Get in touch with one of our vetted lenders to apply today.

Frequently Asked Questions