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Best Personal Loans in Georgia 2024

Matthew Levy Updated: January 15, 2024 • 5 min read
Welcome to Georgia

Peaches aren't the only thing that the great state of Georgia is known for. Did you know that over 300 credit unions and banks operate in Georgia? That means that if you find yourself in need of a personal loan, you have a variety of providers to choose from – from large, national institutions to small credit unions. So, if you need access to money for anything from debt consolidation to funding a special occasion, keep reading for a list of excellent loan products in Georgia.

Local Personal Loan Providers in Georgia

Instead of working with a national provider, it can be easier to work with a local lender close to your home in Georgia. After all, a lender that is near you is a lender you can easily visit if something goes wrong. The following are local lenders that offer stellar personal loan products.

Covington Credit Georgia

1. Covington Credit

From its headquarters in Savannah, Georgia, Covington Credit offers personal loans ranging from $255 to $10,000. The company specializes in offering personal loans to people who may struggle to get loans from national lenders. As such, if you have a low credit score, you may find you have more success with Covington than you would with another lender. Furthermore, the company helps many first-time borrowers access loans they can use to build their credit scores.

Use personal loan to build credit

The lender positions itself as a personal loan advisor, with the goal of making lending as simple as possible. As for its loans, Covington Credit generally provides fixed rates for its products. This means you can expect consistent and equal recurring payments, allowing you to budget out your payments in a more consistent manner. Covington allows borrowers to pay using several methods, including online, via phone, or directly at a branch. You can also set up AutoPay, which deducts payments automatically from your bank account each month.

The company doesn’t advertise its annual percentage rate (APR) on its website. According to its FAQs page, the APR you can expect to pay varies depending on the loan amount and your credit rating. Generally speaking, those with a credit score above 500 should be able to get a loan with this company.

Get in Touch With Covington Credit

Covington Credit has branches across all of Georgia's major cities. Here is branch you can reach out to:

19000 E. Victory Drive B14,


GA 31404

Phone Number – (912) 691-2726

Coastal Finance Company

2. Coastal Finance Company

Coastal has served as a regional lender for Georgians for over 15 years. Its biggest strength is that it offers customized personal loans designed to suit the needs of its clients. It offers loans of up to $5,000, as long as you have approved credit. If you choose to go with Coastal Finance, know that the company requires collateral for its loans. You may use an item of personal property as collateral for loans up to $1,000 – with loans between $1,000 and $5,000 being secured.

You must meet the following criteria to apply for a loan with Coastal:

  • Be a Georgia resident aged 18 or over
  • Have a valid photo ID
  • Earn a minimum of $1,000 per month, which you can verify with paystubs or similar documents
  • Have established credit that is in good standing

Furthermore, the company doesn’t offer personal loans to people in bankruptcy or those on active military duty.

Coastal doesn’t advertise its rates on its websites, though it states that it offers competitive APRs compared to other Georgia personal loans companies.

Get in Touch With Coastal Finance Company

Coastal primarily serves Savannah and the surrounding areas, though it offers online appointments as well. To get in touch, visit them at:

8406 Abercorn Street,


GA 31406

Phone Number – (912) 303-9979

Georgia's Own Credit Union

3. Georgia’s Own Credit Union

Georgia’s Own stands out because it’s a cooperative credit union. That means that it’s owned by its members and can often provide better rates on personal loans than traditional institutions, along with lower fees. With over 85 years of history behind it, Georgia’s Own is one of the state’s most established lenders.

Personal loans fall into the company's "Lifestyle Loan" branding. Borrowers have access to loans up to $50,000, with interest rates starting from 6.99% APR if you’re able to repay within 12 months. However, this APR can rise to a current maximum of 16.49%, depending on your credit history and the amount you borrow. Expect an average APR of around 10.5%.

Georgia’s Own allows clients to use their personal loans to cover planned and unplanned expenses, as well as for debt consolidation. As long as you can provide a suitable reason for borrowing, you have a good chance of obtaining a loan. All loans are closed-ended, which means you make consistent repayments at a fixed rate until the end of the loan period.

Use personal loans for expenses

Get in Touch With Georgia’s Own Credit Union

The majority of Georgia's own branches are located in the Altana metropolitan area, like this one:

100 Peachtree Street.

Suite 2800,


GA 30303

Phone Number – 800-532-2062

Delta Community Bank Georgia

4. Delta Community Credit Union

Delta’s personal loans can finance home upgrades, cover educational expenses, or even fund your dream vacation. They stand out because Delta charges no annual fees and doesn’t need you to put up collateral for the loan, as long as you pass a credit check. It also offers several payment options and a quick approval process, making accessing your money and repaying your loan as simple as possible. This isn’t to say that Delta charges no fees. Expect to pay $25 for each month that you’re late on a repayment.

Loan amounts start from as little as $500 and come with competitive rates. Expect an APR between 7% and 16.25% if you repay your loan within 12 months. However, the maximum APR rises to 17.25% if you require between 24 and 60 months to make your repayments. Delta has several credit calculators that can help you determine the rate you’re likely to pay.

Personal loan for vacation

Get in Touch With Delta Community Credit Union

Delta currently has 27 branches spread throughout Georgia. Here is one in the capital:

3300 Riverwood Parkway

Suite 100


GA 30339

Phone Number – 800-544-3328

Top 3 Personal Loans Lenders

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  • APR: 6.99 - 25.49% *w/ Autopay
  • Loan Term: 24 - 84* months
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  • Fixed APR: 6.99 - 35.99%
  • Loan Term: 12-84 months
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  • No fees of any sort
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Find the Best Personal Loans in Georgia

Searching for the right personal loan provider for you can be a difficult process. With so many lenders offering different products, each with its own criteria for applying, you may find yourself lost in a sea of paperwork.

The lenders highlighted in this article may provide the Georgia personal loans you’re looking for. Though they offer little information about their APRs, both Covington Credit and Coastal Finance serve as accessible regional lenders for those who wish to borrow small amounts. Their fixed rates also make it easier for you to account for their loans within your monthly budget.

Georgia’s Own Credit Union has the deepest history of any lender on this list. Plus, the fact that it’s a cooperative owned by its clients makes it especially attractive to Georgia residents. Finally, Delta Community Credit Union has one of the largest presences in the state thanks to the 27 branches it operates. Combine that with competitive rates on its loans and you have a regional lender that serves the majority of Georgia.

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Written by Matthew Levy

Matthew is a freelance financial copywriter with 14+ years in financial services. He holds a Bachelor of Science degree in Economics with business and finance options and is a CFA Charterholder. He is from Vancouver, Canada, but writes from all over the world.