With a personal loan, borrowers can get access to hundreds, even thousands, of dollars and repay the lender in fixed monthly amounts over time. Our partners at ConsumerAffairs researched the best personal loans in West Palm Beach so you get competitive rates, low fees, simple terms and the flexibility to spend the money at your discretion.
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Personal loans in West Palm Beach have many benefits. One is the ability to spend the money how you choose. Borrowers use personal loans to pay off credit cards, consolidate debt, settle bills, remodel a home or fund a wedding or vacation.
Other advantages of personal loans include an easy application process, lower interest rates than credit cards, terms up to several years and predictable payments.
Personal loans in West Palm Beach are either secured or unsecured, indicating whether the borrower has put up collateral, like a car, that the lender can seize if the loan is not repaid.
Type of loan
Is collateral necessary?
Secured personal loan
Lower interest rates; borrow larger amounts; may be easier to qualify
Unsecured personal loan
Less risk to personal property; simpler application process
Personal loans in West Palm Beach are available from online lenders, banks and credit unions. Online companies and banks usually require stronger credit than credit unions. Always check your credit report before applying to make sure there are no errors. If your score is on the lower side — about 660 or below — consider ways to improve your score.
When applying for a personal loan in West Palm Beach, be prepared to show the following:
Valid, government-issued ID
Proof of residence
Proof of income
Bank account information
Try to get offers from many lenders in West Palm Beach. That way, you’ll get terms as favorable as possible. Don’t forget to look beyond interest rates to other possible charges, like an application or origination fee or a prepayment penalty. Lenders are required to disclose the total cost of the loan to you before you sign.
Best Egg is an online lender offering personal loans with clear terms and fixed monthly payments. Apply online and get anywhere from $2,000 to $35,000 deposited into your account in as little as one business day. Self-service and web tools are available 24/7, and knowledgeable staff are happy to answer questions. Best Egg gets plenty of five-star reviews from customers, who say they wouldn’t hesitate to use the company for another personal loan.
Personal loans from FreedomPlus are available in amounts up to $40,000. Customers apply online and get same-day decisions. Funds are then deposited within 3 business days. All the company needs is a valid ID and verified income and bank account, and your information is always secure. Borrowers can qualify for terms up to five years. Reviewers love the company’s professionalism and efficiency.
InstaLoan has a West Palm Beach location offering personal loans from $500 to $1,500. Customers get quick approval, competitive rates and manageable payment plans. Cash is available in as little as 30 minutes. Start by filling out a short form online, and an InstaLoan representative will get in touch to discuss your options. Plenty of reviewers give the company five stars its friendly staff and expertise.
OneMain Financial has been a trusted lender of personal loans for over 100 years. Borrow between $1,500 and $30,000 by completing an online application and visiting the local West Palm Beach branch. Customers get fixed rates and payments and personalized service. Same-day cash is possible if you are approved by noon. Reviewers have mixed comments about the speed of the loan process at OneMain Financial.
Our partners independently research and analyze the companies mentioned in our guides and work with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.
Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.