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The 5 Best Personal Loans in New York State 2024

Finding the best personal loans in New York is easier than ever before. Loans in New York State are generally available online from a host of several financial marketplaces and fintech lending organizations.

However, because of the large number of potential providers, choosing the best option for your situation can seem overwhelming. To that end, we reviewed dozens of online lenders and compiled this review of the top five NY personal loan providers.

Deane Biermeier
Home and Finance Expert
9.5 Excellent

As an online marketplace for all things finance and loans, Credible’s personal loan and debt consolidation offerings stand out as our top performers for NY personal loans. The company provides numerous borrowing options from multiple lenders and allows borrowers to pre-qualify without affecting their credit score.

  • Pre-qualification won't affect your credit score
  • Numerous companies and financial products available
  • No minimum credit score required for some lenders
  • Table of Contents
Last Updated: April 22, 2024
Best Overall
9.5 Excellent

  • Loan amounts from $600 to $100,000
  • Repayment terms of up to 12 years
  • Fees and eligibility vary by lender
  • No minimum credit score needed for some partner lenders
9.2 Great

  • Partners with over 500 lending organizations
  • Borrow as little as $1,000
  • Repayment terms up to 12 years
  • Other lending and services are also available
  • A+ Better Business Bureau grade
9.1 Great

  • Short credit history is okay
  • Funds available in one day after approval
  • Choose and change payment dates
  • No required minimum credit score
  • Pre-qualification won't affect credit score
8.7 Very Good

  • Banking services also available
  • Direct creditor payments for consolidation loans
  • Flexible payment dates
  • 24 to 60-month repayment terms
  • Co-signers allowed
8.6 Very Good

  • Adjustable payment date
  • No early payment fees
  • 12 to 84-month repayment terms
  • Deposit accounts and credit lines also available
  • No fee to apply

The Best Personal Loans in New York Comparison

Trusted Company Reviews Rating Loan Amounts Min. Qualifying Annual come Min. Qualifying Credit Score Best For
Credible 9.5 $600 to $100,000 Varies by Lender None Overall
Lendingtree 9.2 $1,000 to $50,000 Varies by Lender 580 Best Borrowing Options
Upstart 9.1 $1,000 to $50,000 $12,000 None Best for Short Credit Histories
LendingClub 8.7 $1,000 to $40,000 Nondisclosed 600 Best for Additional Services
Upgrade 8.6 $1,000 to $50,000 Nondisclosed 580 Best for Repayment Flexibility

About Fair Credit Online Personal Loans in New York

Online personal loans in New York are no different from traditional loans. However, trying to obtain loan approval for an unsecured personal or debt consolidation loan with poor credit can be much more difficult than for borrowers with good to excellent credit scores. The best online loans in New York State combine an easy application process with good approval odds, plus other benefits.

While borrowing is more expensive in fair credit situations, obtaining a loan from one of the best personal loan lenders or top debt consolidation loan providers can reap benefits when handled with care.

Although a hard credit inquiry can temporarily negatively affect your credit score, properly managing a personal loan in New York can ultimately help to improve it. Making consistent on-time payments to the lender can have a great positive impact on a credit score over time and help to improve the borrower’s credit history.

Online Lending Note

On one hand, borrowing from an online lender, especially in the case of borrowing with a low credit score, is convenient. Customers with poor credit are much more likely to get a loan approval than they would be at a traditional lender.

However, it’s essential to note that loans granted to those with less-than-great credit scores can carry high fees and interest rates—sometimes exceeding 36%. It’s crucial to read and understand the loan and repayment details whenever borrowing from any organization. Pay particular attention to origination fees, application fees, high APRs, and payment schedules when considering a loan with les-than-excellent credit.

Features of the Best Online Personal Loans in New York

It may appear that lenders of the best personal loans in New York are all different. While partially true, the fact is that many of them are quite similar. Often, the primary differences involve the application process, available loan products, fees and interest rates, and availability. Here are several features that most of the best providers of online personal loans in New York State have in common.

  • Simple application process
  • A pre-qualification step that won’t affect your credit score
  • Fast funding
  • Manageable approval requirements
  • Reasonable borrowing costs.
  • Flexible repayment terms and options

Qualifying for Online Personal Loans in New York

Having a higher credit score increases your chances for loan and debt consolidation approval. However, many lenders will also consider granting a loan to those with fair credit under certain circumstances.

No one factor will determine every borrower’s eligibility for loan acceptance, but there are some consistencies. In general, the basic minimum approval requirements for an online personal loan in New York are as follows.

  • Adequate credit score set by each lender—Many lenders don’t have a minimum score requirement.
  • Consistent or stable income—Some lenders have minimum income requirements
  • No recent bankruptcies on credit record
  • Bank account—In most cases
  • Proof of identification and address
  • Social Security number

Online Personal Loans in New York State Pros and Cons


  • Proper loan management can improve credit score over time
  • Debt consolidation can reduce monthly payment amounts
  • Many online lenders offer pre-qualification that won’t affect credit score
  • Some lenders provide flexible repayment terms


  • Loan origination fees may apply
  • Late payments will appear on credit reports
  • Initial application will temporarily negatively affect credit score

Which Are the Best Online Personal Loans in New York

Our top pick for the best online personal loans in New York is Credible. Credible is an online financial marketplace that partners with multiple lenders to provide a virtual menu of loan options for borrowers with credit scores from fair to excellent.

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Best Overall

Credible tops our list for providing the best options for personal loans in New York. As an online lending platform, the company partners with numerous lending organizations to offer a wide range of borrowing options.

Borrowers in NY with less-than-great credit scores and histories can pre-qualify when using Credible without affecting their credit scores. Additionally, Credible customers can choose from multiple lender offers before formally applying.

Credible Pros and Cons


  • No fees apply to use Credible
  • Pre-qualifying won’t affect credit score
  • Wide range of loan-length terms up to 12 years
  • No minimum credit score necessary for some lenders


  • High possible interest rates of nearly 36%
  • Some mediocre to low consumer review scores

Credible Features and Benefits

Credible is a leader in providing online personal loans simply by offering multiple financial products that meet the needs of a wide demographic. The company’s marketplace platform allows borrowers to choose the best option for their financial situation.

  • Pre-qualify without affecting credit score
  • No fees apply to use the platform
  • Numerous companies and financial products available
  • No minimum credit score required for some lenders
  • A+ grade at the BBB
  • Loan amounts from $600 to $100,000
  • Repayment terms of up to 12 years
  • Fees and eligibility vary by lender
  • No minimum credit score needed for some partner lenders

Credible Editorial Rating

Trusted Company Reviews Rating Score for Credible: 9.5
Customers and experts agree with our company evaluation of Credible. Review ratings from all over award the company an average of 4.4 out of 5 stars. Our detailed review of the company produced a score of 9.5 out of 10 possible points.

We awarded Credible points for its ability to provide a wide range of products to a large number of consumers. Allowing customers to choose from a variety of borrowing options, including options for those with less-than-excellent credit, scored well in our review.

Read Full Review: Credible
Find personal loans at Credible.

Loan Amounts $600 to $100,000
Terms (Months) 12 to 144
Origination Fee Varies by Lender


Best Borrowing Options

Lendingtree stands apart from typical online personal credit loan providers. The company is another online lending marketplace that features a virtual buffet of borrowing and banking options. Lendingtree’s more than 500 lending partners offer a vast array of financial products, many of which are obtainable by those with underwhelming credit scores.

Lendingtree Pros and Cons


  • Over 500 lending partners provide numerous options
  • Wide range of loan terms from 1 to 12 years
  • Banking and other services also available


  • Maximum borrowing amount is $50,000
  • High possible interest rates

Lendingtree Features and Benefits

As one of the premier fintech lending companies, it’s no surprise to learn that Lendingtree has a long list of features and benefits surrounding its personal loan and debt consolidation products.

  • Online loan and financial services marketplace
  • Features over 500 lending partners
  • Graded A+ at the Better Business Bureau
  • Offers multiple financial products
  • No hard credit inquiry to pre-qualify
  • Choose from multiple borrowing options
  • Free credit score monitoring available
  • Peer-to-peer lending may be available for some borrowers
  • 580 minimum credit score required for most services
  • Some lenders may allow a co-signer
  • Fees vary by lender

Lendingtree Editorial Rating

Trusted Company Reviews Rating Score for Lendingtree: 9.2

One stand-out feature Lendingtree brings to the table for those with imperfect credit is the ability to add a co-signer to some of its loan products, depending on the partner company involved. We awarded Lendingtree a few bonus points for that feature in our review. For fair credit borrowers in New York, having a cosigner option can fetch a better APR and better overall loan terms.

Read Full Review: Lendingtree
Find personal loans at Lendingtree

Loan Amounts $1,000 to $50,000
Terms (Months) 12 to 144
Origination Fee Varies by Lender


Best for Short Credit Histories

Upstart is our top pick for personal loans for those with short credit histories that often accompany less-than-awesome credit scores. The company’s long list of features also includes flexible payment dates, no minimum credit score requirements, and pre-qualifying that won’t affect your credit report.

Upstart Pros and Cons


  • Options for borrowers with short credit histories
  • One-day funding available
  • Choose and change payment dates
  • No minimum credit score requirements


  • Origination fee will likely apply
  • No rate discount for autopayments
  • Cosigners not accepted

Upstart Features and Benefits

Upstart offers its services to borrowers in a wide range of financial situations. Many poor to fair credit score holders also contend with short credit histories, making it even more difficult to be approved for an unsecured loan. Upstart understands that fact and doesn’t automatically refuse loans to borrowers in that situation. The company also features plenty of excellent options for those with higher credit scores.

  • Borrowing options for new credit histories
  • Uses artificial intelligence to determine creditworthiness
  • No minimum credit score
  • Pre-qualify without affecting credit score
  • Funds often available in one day
  • Payment date flexibility
  • Direct payment to creditors for consolidation loans
  • No prepayment fees
  • Loan Amounts of $1,000 to $50,000
  • Loan terms 36, 60, or 84 months

Upstart Editorial Rating

Trusted Company Reviews Rating Score for Upstart: 9.1
Upstart isn’t perfect and lost a few points in our review for its limited loan-length repayment terms, potential origination fees, and lack of autopay or other discounts. However, the company scored well in a number of other areas, including having no minimum credit score requirements, payment date flexibility, and the potential to overlook a short credit history.

Read Full Review: Upstart
Find personal loans at Upstart

Loan Amounts $1,000 to $50,000
Terms (Months) 36,60, and 84
Origination Fee 0% to 12%


Best for Additional Services

Our review of LendingClub focuses on loans relating to personal and debt consolidation borrowing. However, during our research, we learned that LendingClub also offers online banking services, including various accounts and credit line availability. The company also scores well among consumers for its cosigner options and payment date flexibility.

LendingClub Pros and Cons


  • Banking and other account services are available
  • Cosigners accepted
  • Flexible payment dates


  • Only two repayment term options
  • Charges a loan origination fee of 3-6%
  • No rate discount for autopayments

LendingClub Features and Benefits

By providing borrowers with fair credit an option for joint borrowing, LendingClub customers with a cosigner can often realize a lower interest rate and better loan terms than their single credit score might allow.

  • Minimum credit score: 600
  • Loans funded in one week
  • Offers payment date flexibility
  • Cosigners okay
  • Available in all 50 states
  • Online application and approval
  • Deposit, banking, and credit line accounts also available
  • 24 to 60-month loan terms
  • Loan origination fee applies

LendingClub Editorial Rating

Trusted Company Reviews Rating Score for LendingClub 8.7

LendingClub stands out in our review for a number of reasons. Offering flexible payment dates and the ability to add a cosigner are just a couple of them. Providing options for banking and other services to help consolidate financial accounts also rated well with our research team. However, the company lost significant points for charging an origination fee.

Read Full Review: LendingClub
Find LendingClub personal loans at Credible

Loan Amounts $1,000 to $40,000
Terms (Months) 24 to 60
Origination Fee 3% to 6%


Best for Repayment Flexibility

Upgrade features excellent personal loan and debt consolidation repayment flexibility. By offering customers multiple loan-length terms from one to seven years, allowing cosigners, and providing flexible payment dates. Upgrade makes finding an acceptable personal loan with poor credit in New York simple and attainable.

Upgrade Pros and Cons


  • Adjustable payment date
  • Credit lines and credit cards also available
  • Cosigners allowed


  • No autopay discount available
  • Origination fees apply
  • $10 late payment fee

Upgrade Features and Benefits

Among Upgrade’s many features and benefits, the company also offers credit cards and other banking tools for borrowers with a wide range of credit scores.

  • 12 to 84-month repayment terms
  • Online lending company and marketplace
  • $1,000 to $50,000 loan amounts
  • Autopay discounts not available
  • Origination fees apply
  • Mobile app available
  • Minimum 580 credit score necessary
  • Allows joint applicants
  • Deposit accounts and credit lines also available

Upgrade Editorial Rating

Trusted Company Reviews Rating Score for Upgrade: 8.6

Upgrade earned points with our research team for its flexible personal and debt consolidation repayment terms, among other features. However, we deducted points from the company for charging origination fees and not offering autopay or other discounts.

Read Full Review: Upgrade
Find personal loans at Upgrade

Loan Amounts $1,000 to $50,000
Terms (Months) 24 to 84
Origination Fee 1.85% to 9.99%


Frequently Asked Questions

These are some of the most common questions surrounding the best online personal loans in New York State

What is a hardship loan?

A hardship loan is typically an unsecured or signature loan designed to assist borrowers through a challenging financial circumstance. Emergency home repairs, auto repairs, and other unexpected expenses are common reasons consumers may use hardship loans. While often convenient, it’s important to consider all of your options before choosing to take on a loan during difficult financial times.

What credit score is needed for a $5,000 loan?

The credit score you need to get approval for a $5,000 loan depends on several factors, only one of which is your score number. The length and quality of your credit history are also critical considerations. Some lenders may offer high-interest loans to those with very low credit scores, provided their income and debt-to-income ratio are adequate. However, a credit score of 580 or higher is generally what most lenders require.