Best Personal Loans in New York 2023

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From time to time, New Yorkers may find themselves looking for extra cash. Whether to cover a home repair, pay for education, or for extra medical bills, you may need some money to push you over the line. And of course, unexpected expenses may put you in a position where you need this money quickly.

New York personal loans may be the answer. Below, we’ve highlighted some local lenders who may provide the personal loan you’re looking for.

Biggest Personal Loans Lenders in New York

If you want to go with a big brand name lender, you have plenty of choices if you live in New York. The city hosts branches of nearly all of the major US banks, including JPMorgan Chase, Bank of America, Wells Fargo, and Citibank. Each bank offers a streamlined personal loan process. Plus, it’s easy to find information about them online. Furthermore, large banks have established reputations, meaning many New York residents feel comfortable borrowing from them.

Unfortunately, there are some downsides to working with the big banks. They often have stricter qualifying criteria than local lenders. Borrowers with bad credit might find it difficult to get a personal loan from a major bank. Additionally, these banks often provide little flexibility in their repayment terms, which could lead to some borrowers struggling if they fall behind on their repayments.

New York Local Lenders

Assuming you don’t want to work with a national bank, there is a multitude of local lenders and credit unions in New York. This list includes some of the most prominent. Each has benefits and disadvantages to consider before you apply for personal loans near New York.

Popular Community Bank Queens NY

Popular Community Bank

Popular Community Bank offers three types of personal loans.

Popular’s unsecured personal loans allow you to borrow up to $50,000 with no loan collateral required. The loans come with competitive rates, and if you participate in auto-pay, you get 0.25% of the rate offered with their loan. Of course, this discount isn’t applied if you choose to pay by other means, and it’s revoked if you cancel payments via auto-debit.

The bank also offers credit builder loans designed for first-time borrowers and those with poor credit scores. These personal loans let you borrow up to $10,000 and come with more flexible repayment terms than the lender’s unsecured loans. They’re ideal for building your credit score.

Finally, the bank offers personal loans of up to $100,000 with collateral. Typically, it accepts your savings account or a Certificate of Deposit as collateral for these types of loans.

APRs vary depending on the type of loan you choose. Popular’s 12-month unsecured loans start at 5.99% APR, though this rate increases if you don’t have good credit. Its credit builder and collateral-based loans have starting APRs of 5.25%.

Get in Touch With Popular Community Bank

Popular Community Bank has branches conveniently located in Manhattan, Brooklyn, Queens, and the Bronx. You can visit any of these branches to speak to a representative about New York personal loans. The below is a large branch in the center of Brooklyn:

539 Eastern Parkway

Brooklyn,

NY 11216

Phone Number – (718) 773-7001

Apple Bank Manhattan NYC

Apple Bank

Though it may sound like the banking arm of a more famous company that uses the Apple brand, Apple Bank is actually an independent New York-based lender. It offers New York personal loans for many purposes, including home repairs, repaying high-interest debt, and covering unexpected expenditures.

You can borrow between $3,000 and $50,000, with repayment periods ranging between three and five years. Apple Bank’s loans come with no late fees or origination fees. Plus, you can prepay your loan without worrying about a penalty. The application process is also simple, as you can complete it online without having to visit a branch.

The bank promises that its loans will have APRs of no more than 24.99%. You’ll likely achieve a lower rate than this, particularly if you have a good credit score. The bank has an online portal you can use to manage your loan and offers auto-pay options so repayments get handled with no intervention from you. You can check your rate via the Apple Bank website, with this check having no effect on your credit score.

Get in Touch With Apple Bank

As a New York-based lender, Apple Bank has branch locations throughout New York City, Long Island, as well as Westchester and Rockland Counties. One of its central locations in the heart of Manhattan is:

250 West 23rd St.

New York,

NY 10011

Phone Number – 212-367-7830

Lendzi personal loans NY

Lendzi

Lendzi focus on helping people navigate the complexities of the world of lending. With over 10 years of direct experience in lending, they have a large presence in New York.

Lendzi has partnerships with over 60 top lending institutions, so getting in touch with them means direct access to an expert network. They offer a no-cost, no-obligation application, a quick funding timeline and a streamlined process. Borrowing amounts start at just $1,000 and can go up to hundreds of thousands.

Although Lendzi does not list APRs on its website, you can easily get in touch with them online and ask all of the questions you need to assess which personal loan is right for you.

Get in Touch With Lendzi

If you’re looking for a 21st century lender that makes obtaining the money you need to meet your personal finance needs easy, feel free to get in touch with Lendzi. Their New York address is:

368 9th Ave., 6th floor

New York,

NY 10010

Phone Number – (877) 511-6904

Top Online Lenders in New York


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

Read LightStream Review »

*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
View details

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 Best Personal Loans in New York

When it comes to finding personal loans near New York, you have plenty of options. In addition to dozens of local lenders, you have access to branches of all major banks, in addition to online lenders.

The New York lenders on this list all offer something a little different – Popular Community Bank and Apple Bank are New York-based and understand the unique financial needs of New Yorkers. Popular offers secured, unsecured, and credit-building loans loans up to $100,000. Apple Bank’s lack of fees and cap on its APR may make it a good choice for people who want to participate in a simple personal loan process. Finally, Lendzi’s quick online application makes it easy to choose a loan.

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.