Where can I get a loan in the District of Columbia? This question is about Personal Loans in District of Columbia

Where can I get a loan in the District of Columbia?

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This question is about Personal Loans in District of Columbia

Rick Bormin, Personal Loans Moderator

@rhandoo2020 • 07/09/21 This answer was first published on 07/09/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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You can get a loan in the District of Columbia from LightStream, Marcus by Goldman Sachs and OAS Staff Federal Credit Union, among other banks, credit unions and online lenders. Some of the most important things to consider when applying for a personal loan in the District of Columbia include the loan's APR, origination fee, funding amount, payoff period and approval timeline.

Getting a loan in the District of Columbia isn't much different from getting a loan in any other state because all of the best lenders nationally are available in District of Columbia. Below, you can see more details about how they stack up against one another.

Best Places to Get a Loan in District of Columbia

Lender	Loan Amounts	APR Range	Origination Fee
LightStream	$5,000 - $100,000	7.99% - 25.99%	$0
Marcus by Goldman Sachs	$3,500 - $40,000	6.99% - 24.99%	0%
OAS Staff Federal Credit Union	$500 - $30,000	6.25% - 16.25%	0%
SoFi	$5,000 - $100,000	8.99% - 25.81%	No Fees Required
Payoff	$5,000 - $40,000	11.25% - 24.5%	0% - 5%

A personal loan isn't the only type of loan you can get in District of Columbia. You can also get a mortgage, an auto loan or a home equity loan, for example. You can compare all of these different types of loans on WalletHub.

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How can I get a quick loan?

To get a loan quickly, apply online with a personal loan provider that is known for fast approval and funding times, such as LightStream. Applying online will ensure the fastest possible application processing time, assuming that all information on the application is accurate and entered correctly. You could get your loan funded within 2-3 business days, if not the same day.

Secured personal loans also tend to provide quick decisions, as the collateral they require...

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What are the personal loan requirements?

Major personal loan requirements include being at least 18 years old, having a bank account, having a good credit history, and having enough income or assets to afford monthly loan payments. Specific personal loan requirements vary by lender, however. Avant requires a credit score of 600 or higher, for example, while Prosper sets the bar at 640 and SoFi asks for 680. Most lenders don’t disclose annual income requirements, but two exceptions are LendingPoint ($20,000+)...

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What is the best place to get a small personal loan?

The best place to get a small personal loan is Discover. Personal loans from Discover let you borrow as little as $2,500, have APRs of 6.99% - 24.99% (depending on your creditworthiness), and have repayment periods of 36, 48, 60, 72 or 84 months. Applicants generally receive a decision the same day they apply and can get the funds as soon as one business day after approval. You’ll need at least a 660 credit score to qualify, according to third-party sources.

Best...

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