Where can I get a loan in New York? This question is about Personal Loans in New York

Where can I get a loan in New York?

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This question is about Personal Loans in New York

Rick Bormin, Personal Loans Moderator

@rhandoo2020 • 07/08/21 This answer was first published on 07/08/21. 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 New York from Marcus by Goldman Sachs, Discover and Payoff, among other banks, credit unions and online lenders. Some of the most important things to consider when applying for a personal loan in New York include the loan's APR, origination fee, funding amount, payoff period and approval timeline.

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

Best Places to Get a Loan in New York

Lender	Loan Amounts	APR Range	Origination Fee
Marcus by Goldman Sachs	$3,500 - $40,000	6.99% - 24.99%	0%
Discover	$2,500 - $35,000	6.99% - 24.99%	0%
Payoff	$5,000 - $40,000	11.25% - 24.5%	0% - 5%
Wells Fargo	$3,000 - $100,000	7.49% - 23.74%	0%
LightStream	$5,000 - $100,000	7.99% - 25.99%	0%

A personal loan isn't the only type of loan you can get in New York. 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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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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Where can I get a personal loan?

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.

Below,...

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