You can get a loan in Georgia from Payoff, Georgia's Own Credit Union and LightStream, among other banks, credit unions and online lenders. Some of the most important things to consider when applying for a personal loan in Georgia include the loan's APR, origination fee, funding amount, payoff period and approval timeline.
Getting a loan in Georgia is a bit different from getting a loan in other states because some of the best options are regional lenders that don't offer loans nationwide. Below, you can see more details about how the best lenders stack up against one another.
A personal loan isn't the only type of loan you can get in Georgia. 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.
The best ways to borrow money fast are to get a personal loan known for quick approval and funding or to charge your expenses to a credit card. Other ways to borrow money fast include drawing from an existing home equity line of credit, borrowing from a friend, or getting a credit card cash advance. It’s also possible, though far from ideal, to borrow money from a retirement account for fast cash.… read full answer
Ways to Borrow Money Fast
Personal Loan: Funding within 7 business days
It usually takes less than seven business days to get approval and funding for a personal loan. But that might not be fast enough for you, depending on how soon you need the funds. The fastest personal loans come from LightStream, which gives the chance of same-day funding. However, this isn’t guaranteed, and LightStream reportedly requires a credit score of 660+.
Credit Card: Instant funding
For immediate needs, a credit card might be the best choice. If you have a credit card account open already, you can make purchases with it instantly, as long as the charges are less than or equal to your available credit. The best credit cards for financing purchases are ones with introductory 0% APRs, but if you don’t have a credit card yet, it could take a few weeks to get approved and receive one in the mail.
Home Equity Line of Credit (HELOC): Funding as soon as same day
If you don’t already have a HELOC, you can drop this option from consideration, as HELOCs take multiple weeks for approval and funding. But if you have one open, you’ll be able to borrow up to your credit limit whenever you want.
Cash Advance: Instant funding
You can use a credit card to withdraw money from an ATM, up to a certain cash advance limit set by your issuer. In order to do this, you’ll need a PIN. While cash advances can get you instant money, they charge fees of 3% to 5% of the amount borrowed, and interest starts accruing right away at a high rate.
Borrowing From a Friend: Funding as soon as same day
You can get money from someone else relatively quickly since they won’t make you fill out an application. The terms for the loan can also be as strict or as lenient as the lender wants. But before you get the money, it’s important to write up an agreement and sign it so there’s no conflict over expectations for repayment.
Retirement Account: Funding as soon as same day
You can take money out of your retirement account. But unless you repay that money within 5 years (or earlier if you lose your job), you’ll owe a 10% withdrawal penalty as well as income tax on the money. These loans do charge interest, but it goes back into your retirement account. The point of it is to make up for money you lost while your funds weren’t invested.
Ways to Borrow Money Fast Compared
Fastest Possible Funding
Same day (usually a few business days)
4% - 36%
May charge origination fee of 1% - 8%
Same day (if open already)
2% - 7%
Secured by your house
Credit card purchase
18.89% on average
Not accepted everywhere
Credit card cash advance
21.48% on average
Requires PIN; high fees & APRs; no grace period
Borrowing from friend
Risk ruining relationship if you can’t repay
Prime rate +1%
Owe 10% early withdrawal penalty and income tax if not repaid in 5 years
Places to Avoid for Borrowing Money Fast
There are also a few less reliable ways to borrow money fast, like taking out a payday loan or auto title loan, or going to a pawn shop. These places offer same-day funds but have far too high of a cost to be worthwhile.
The best personal loans for a 450 credit score are from OppLoans or Integra Credit. These companies specialize in lending to people with bad credit and won't even do a credit check when you apply for a loan.
It's important to note that any personal loan you get with a 450 credit score is likely to have a very high APR and an expensive origination fee. If possible, you might want to try to borrow money a less costly way, such as from friends and family. If that's not an option, the following lenders offer the most competitive terms.… read full answer
Keep in mind that getting a personal loan with a 450 credit score is not guaranteed. When making a decision on whether or not to approve you, a lender will look at your whole financial profile, including things like your income, existing debts, housing status and more.
You can get a personal loan from a bank, a credit union or an online lender. The key to getting a personal loan is to do your research, both on the loan providers and the terms of their offers. WalletHub makes it easy to compare personal loans and has user reviews for lenders big and small. Once you’ve decided on the right loan for you, WalletHub can bring you directly to its secure online application.… read full answer
Below, you can get to know the major players and see where most other consumers have gotten their personal loans.
Popular Personal Loan Companies:
Lightstream by SunTrust Bank
Marcus by Goldman Sachs
Before applying for a personal loan, you may also want to check for pre-qualification. If you are pre-qualified for a personal loan, your chances of actually being approved are very high but not guaranteed. Pre-qualification uses a harmless soft inquiry while actually applying for a loan triggers a hard inquiry that may temporarily lower your credit score. You can use WalletHub’s free tool to check your pre-qualification status with multiple lenders at once.
On that note, your credit score will affect where you can get a personal loan. Big banks tend to offer loans to people with good or excellent credit. Credit unions, which have a more personal connection with their clients, are more likely to offer personal loans to applicants with lower scores. Online lenders are the newest players, and some of them offer bad credit loans as well.
Now that you know where to get a personal loan, it’s also important to take note of where NOT to get a personal loan – a payday lender. Payday loans go by many names, including payday advances, payroll loans and cash advance loans. With this type of loan, the lender lets you borrow money against your next paycheck. Since payday loans are short-term, the finance charges are incredibly high to ensure the lender makes money. Lenders usually charge a fee on the borrowed amount that is equivalent to an APR of over 300%-600% in most cases. It’s best to avoid these types of loans altogether.
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