Compare Top Personal Loans
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Accredited Partner
Best Egg
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Loans made fast & easy! |
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FreedomPlus
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FreedomPlus is an online loan broker that provides loans from $7,500 to $40,000. Get approved in less than a day, and you could receive funds in as little as 48 hours. |
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Accredited Partner
OppLoans
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OppLoans specializes in quick and affordable personal loans up to $4,000. If approved, the money may be in your hands within 24-hours with interest rates generally lower than payday or title loans. They also provide personal, one-on-one customer service for the care you need during these stressful times. |
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OneMain Financial
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Location
7560 Pearl Rd.
Cleveland, OH 44130
(440) 234-0200
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LendingTree
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This online broker allows consumers and businesses to request and compare customized loan offers from a network of more than 350 lenders, banks and credit partners. The company's lender network offers a wide range of financial products including mortgages. |
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Eagle Loan Co.
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Location
6817 Pearl Rd.
Middleburg Heights, OH 44130
(440) 663-0070
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Taleris Credit Union, Inc.
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Location
1250 E. Granger Rd.
Brooklyn Heights, OH 44131
(216) 739-2300
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LendingPoint
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Location
Online services
Cleveland, OH
(888) 969-0959
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Dollar Bank
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Location
1301 E. 9th St.
Cleveland, OH 44114
(216) 736-8983
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What to know about personal loans in Cleveland
Personal loans can pay debts such as medical bills or high-interest credit cards. Loans also can be used for home improvements, major car repairs, weddings, vacations or starting a business. Fast approval and easy access to funds make personal loans appealing to those faced with unexpected and time-sensitive loan needs.
There are various types of personal loans. A debt consolidation loan is used to combine high-interest debts into a single loan with one monthly payment at a lower interest rate. A payday loan is one that provides a short-term advance on future earnings.
| Credit classification | Range of score |
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| Great | 720 - 850 |
| Good | 680 - 719 |
| Fair | 630 - 679 |
| Subprime | 550 - 629 |
| Poor / Bad | 300 - 549 |
Those with poor credit scores have less access to credit from traditional sources, but may be able to obtain a personal loan. Local credit unions are usually non-profit and may be more flexible on lending requirements, as many online lenders are. For example, OppLoans also considers employment status, current bank accounts and other factors beyond your credit score. Avoid predatory loans with excessive interest rates that lead to a cycle of debt.
Some lenders cater to certain borrowers. For example, military veterans may qualify for VA home loans with less stringent credit requirements.
Personal loan applications are usually online. Some general requirements are:
- U.S. citizenship or permanent resident status
- At least 18 years old
- Verifiable income source
- Personal bank account
Most personal loans are paid back electronically from your bank account on a monthly basis. Ohio law allows consumer borrowing up to $10,000 to be paid back in installments from between six months and five years. This is not to be confused with Ohio’s regulations for payday loans, which are shorter-term and more restrictive.
Borrowers may incur a variety of different charges and fees in addition to interest rates. Some lenders may charge what is known as an origination fee. For example, FreedomPlus has loans with origination fees of between zero and five percent.
Personal Loans Reviews
| Accredited Partner | ||
Best Egg |
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Based in Delaware, Best Egg promotes their affordable and competitive interest rates and the quick and easy process to see if you pre-qualify. The organization is proud of their "A+" rating with the Better Business Bureau. Customer reviews say the staff is friendly and professional throughout the application process. |
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FreedomPlus |
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Lending by FreedomPlus is through Freedom Financial Asset Management, their asset manager that offers loans to institutions and consumers. Loans generally have a two- to five-year term. Online reviews are mostly positive and applaud their customer service, although some customers feel the origination fees are high. |
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| Accredited Partner | ||
OppLoans |
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Based in the Chicago area, OppLoans claims to have over 100,000 satisfied customers and excellent customer service and support. Online reviews say their representatives do a good job working with their clients, and the majority of customer reviews mention their rep by name. |
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OneMain Financial |
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With more than 80 offices in Ohio, OneMain Financial has a significant local and national presence. The company offers various types of personal loans. A client of the local office in Lakewood expressed satisfaction with the company when he consolidated higher interest debt. |
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