Best Personal Loans in Houston, Texas 2023

Houston Texas Lone Star

Looking for a personal loan in Houston, Texas? Whether you’re looking to consolidate debt, finance a car or go on vacation, you have plenty of choices to find local personal loans that fit your needs. Luckily, we’ve done the hard work for you and have created a list of three providers that offer loans in Houston, Texas.

Biggest Personal Loan Lenders in Houston, Texas

When searching for the best personal loans in Houston, Texas, you may feel tempted to only focus on larger banks and credit unions. There’s sound logic to this approach. Large banks operate on a national scale and have strong reputations. You can also point to their existing track records as proof that they’ll provide the product they claim to provide, leading you to trust them more than online or local lenders.

But don’t overlook the advantages that working with a regional lender can offer. Local lenders understand the Houston community and often contribute directly to it through social outreach efforts. They’re also more accessible to residents and may be able to offer better rates on their loans than national lenders.

Local Houston personal loans

Local Lenders

When compiling this list of the best personal loans in Houston, Texas, we’ve considered several factors. In addition to the loan’s APR, which determines your monthly repayments, we look at any fees attached to the loan and the organization that provides it. This approach allows us to create a list of lenders that have their own advantages and disadvantages, allowing you to choose the one that’s best for your situation.

Comerica Bank Houston Texas

Comerica

Comerica is an established bank that has served borrowers in the United States for over 170 years. It also has all of the hallmarks Houston residents may look for in a trustworthy lender, such as Federal Deposit Insurance Corporation (FDIC) membership and a commitment to being an equal opportunities lender. Furthermore, people in Houston may favor the bank because it has 42 branches in or near the city. As such, you can visit a branch directly if you have any issues with your loan.

The bank offers fixed-rate personal loans that you can use to finance one-time expenditures or cover unexpected emergencies.  You also don’t have to offer any collateral to access one of its loans, meaning you don’t have to put your home or car at risk.

Unfortunately, the bank offers little information about its personal loan rates, outside of committing to offering lower rates than you’d get from a typical credit card. You also can’t complete your personal loan application online, meaning you have to visit a branch in person. However, this is fairly typical of such large lenders, with the upside being that taking out a loan with Comerica means you’re working with one of the United States’ 25 largest financial holding companies.

Get in Touch With Comerica

As Comerica operates 42 branches in Houston, Texas, it’s fairly easy to find a branch to visit. The below is just one of their many Houston locations:

777 Walker Street,

Houston,

TX 77002

Phone Number – 855-451-9201

Houston Federal Credit Union

Houston Federal Credit Union

As one of Houston’s local lenders, Houston Federal Credit Union (HFCU) may be a good choice for those who want easy access to a branch they can visit. The company offers signature and secured loans to its members, meaning you have access to fairly substantial loans if you already have investments with HFCU.

Starting with secured loans, amounts vary depending on if you choose a Share Secured Loan or Money Market Secured Loan. The former offers loans up to $19,999, with a starting APR of 1.60%. The Money Market Secured Loans allow you to access between $2,000 and $9,999, in addition to having a higher starting APR of 2.00%.

Moving on to the company’s unsecured signature loans, you can borrow between $2,500 and $50,000, with loan terms ranging from 18 to 48 months. Note that the credit union has restrictions on how much you can borrow based on your loan term:

  • Maximum of $14,999 for a 36-month loan
  • Between $15,000 and $29,999 for a 42-month loan
  • Between $30,000 and $50,000 for a 48-month loan

The APR on signature loans varies depending on your financial situation and how much you borrow. However, they start at a fairly high rate of 11.00%. As such, HFCU is likely a strong choice for short-term loans of low amounts, though some borrowers may find the APR a touch high when borrowing larger amounts of money.

Get in Touch With Houston Federal Credit Union

16320 Kensington Dr,

Sugar Land,

TX 77479

Phone Number – (866) 687 4328

Frost Bank Houston Texas

Frost Bank

As a Texas-based bank, Frost Bank has a long-established history in the state. It currently operates over 30 branches in or near Houston, Texas. As such, it may be a good choice for those who want to work with a bank that has a national presence while still offering local knowledge.

Frost Bank stands out because of the clarity it offers with its personal loans. It offers fixed interest rates and set terms as follows, with loan amounts starting from $2,000 and extending to $25,000 and beyond. The loans come with no origination fees, annual fees, or pre-payment penalties. Plus, they all have 36-month payment periods.

Your expected APR varies depending on how much you borrow:

  • $2,000 to $4,999 – 11.75%
  • $5,000 to $9,999 – 10.75%
  • $10,000 to $24,999 – 9.75
  • $25,000 or above – 9.24%

Finally, the bank offers a 0.25% interest rate discount for anybody who sets up automatic payments from a Frost Savings or Frost Checking Account.

Get in Touch With Frost Bank

Frost Bank has plenty of locations all over Houston. Here’s one of their centrally located Houston branches:

701 Jeffries St.

Houston

Texas 77002

Phone Number – (713) 388-7600

Best Online Lenders in Houston, Texas


LightStreamDivision of SunTrust Bank
  • APR: 5.40 - 35.99%
  • Loan Term: 24 - 84*
  • Min Credit Score: 660
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Key facts

  • Good credit gets low rates and zero fees
  • Fast and easy online process
  • $100 Loan Experience Guarantee¹

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*Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Lowest rates require excellent credit. Rateis quoted with AutoPay discount. AutoPay discount is only available prior to loan funding. Rates without AutoPay are 0.50% points higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice. Payment example: Monthly payments for a $10,000 loan at 4.99% APR with a term of 3 years would result in 36 monthly payments of $299.66. 1After receiving your loan from us, if you are not completely satisfied with your experience, please contact us. We will email you a questionnaire so we can improve our services. When we receive your completed questionnaire, we will send you $100. Our guarantee expires 30 days after you receive your loan. We reserve the right to change or discontinue our guarantee at any time. Limited to one $100 payment per funded loan. Truist teammates do not qualify for the Loan Experience Guarantee. Truist Bank is an Equal Housing Lender. © 2021 Truist Financial Corporation. SunTrust, Truist, LightStream, the LightStream logo, and the SunTrust logo are service marks of Truist Financial Corporation. All other trademarks are the property of their respective owners. Lending services provided by Truist Bank.

SoFiGreat Rates. Unique Benefits
  • APR: 7.99-23.43%
  • Loan Term: 24-84
  • Min Credit Score: 680
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Key facts

  • Competitive rates available for good credit scores and income source
  • Access to financial advisors, private networking events, & unemployment protection
  • Flexible terms & payment options with no fees whatsoever

Read SoFi Review »

Fixed rates from 7.99% APR to 23.43% APR APR reflect the 0.25% autopay discount and a 0.25% direct deposit discount. SoFi rate ranges are current as of 8/22/22 and are subject to change without notice. Not all rates and amounts available in all states. See Personal Loan eligibility details. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors. See APR examples and terms. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.

MarcusNo Fees, Simple Process
  • APR: 5.40-35.99%
  • Loan Term: 36-72
  • Min Credit Score: FICO 660
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Key facts

  • No sign-up, prepayment fees, or late fees
  • Flexible loan options
  • Great customer service available

Read Marcus Review »

Marcus By Goldman Sachs Offer Terms and Conditions
Your loan terms are not guaranteed and are subject to our verification of your identity and credit information. To obtain a loan, you must submit additional documentation including an application that may affect your credit score. The availability of a loan offer and the terms of your actual offer will vary due to a number of factors, including your loan purpose and our evaluation of your creditworthiness. Rates will vary based on many factors, such as your creditworthiness (for example, credit score and credit history) and the length of your loan (for example, rates for 36 month loans are generally lower than rates for 72 month loans  Your maximum loan amount may vary depending on your loan purpose, income and creditworthiness. Your verifiable income must support your ability to repay your loan. Marcus by Goldman Sachs is a brand of Goldman Sachs Bank USA and all loans are issued by Goldman Sachs Bank USA, Salt Lake City Branch. Applications are subject to additional terms and conditions. Loan example, a $15,000 loan at 12.99% APR with 48 on-time monthly payments of $402.33 would have an estimated total cost of $19,312.

Find the Right Personal Loan in Houston, Texas

The options presented in this list may help you to find Houston, Texas personal loans to suit your circumstances.  Those looking for lenders with established local presences could consider either Frost Bank or Houston Federal Credit Union. The latter offers strong personal loans for those willing to use collateral, whereas the former may be a good choice if you prefer certainty in your loan terms. Comerica is a large national bank that offers a choice for personal loan traditionalists.

Matthew Levy Matthew Levy Last update:
Matthew is a freelance financial copywriter with 10+ 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.