Personal Loans in Las Vegas

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America First Credit Union Armed Forces Loans OneMain Financial
APR 9.49% to 18.00% 9.95% to 35.95% 18.00% to 35.99%
Borrowing limits Not specified $500 to $5,000 for a standard loan, $500 to $10,000 for returning customers or for a refinance loan $1,500 to $20,000
Terms Up to 60 months Up to 36 months 24 to 60 months
Origination fee None None $25 to $400, or 1.00% - 10.00% of the loan amount (depending on state of residence)
Minimum credit requirement Not specified Not specified Not specified

America First Credit Union

If you’re looking for affordable personal loans in Las Vegas, America First Credit Union offers the lowest APR range among the lenders compared here and doesn’t charge an origination fee. While their borrowing limits aren’t specified, they do offer loan terms of up to 60 months, giving you flexibility if you’d prefer a longer loan term and smaller monthly payments (keep in mind that doing so usually means spending more money on interest over time).

The biggest drawback of working with this lender is that you’ll need to become a member before applying for a personal loan. This is standard practice with credit unions — luckily, the membership application is brief and can be completed online.

If you prefer to speak with someone in person or make your loan payment at a physical branch, America First Credit Union has nine branch locations in Las Vegas, including one by the campus of University of Nevada, Las Vegas, and another in nearby Henderson.

How to qualify

In order to qualify for membership, you have to live, work, attend church, volunteer or go to school within the credit union’s geographic membership region, which includes the greater Las Vegas area, as well as parts of Nevada, Utah, Arizona, New Mexico, southern Idaho and eastern Oregon.

Once you’re a member and apply for a loan, your application will be evaluated on the basis of your creditworthiness. You’ll also need to supply the following to complete your application:

  • Social Security number
  • A valid ID, such as a driver’s license, state ID or US passport
  • Employment information and income
  • Email address

Armed Forces Loans

You must be active-duty United States Military personnel E-2 or above in order to apply for a loan with this lender, meaning a lot of consumers won’t qualify. Armed Forces Loans offers a similar minimum APR on their personal loan compared to American First Credit Union. However, many borrowers aren’t likely to qualify for the lowest APR, so you’ll want to consider your financial situation as you compare these lenders; the maximum APR with Armed Forces Loans is much higher and on par with OneMain Financial.

However, a wider APR range indicates a greater chance of approval for consumers with less-than-perfect credit. Even a slim credit file won’t automatically disqualify you from obtaining a personal loan with Armed Forces Loans.

Loan terms are also shorter with this lender, which can present both pros and cons. On one hand, you’ll typically end up paying less in interest over time if you pay off your loan quicker. On the other hand, this gives you less flexibility and won’t be a good match if you’re looking for smaller monthly payments and a long-term loan.

How to qualify

While Armed Forces Loans will consider people with all credit backgrounds, they do have eligibility requirements when it comes to their personal loans. You must:

  • Be active-duty or career-retired US Military personnel E-2 or above
  • Provide your most recent Leave and Earnings Statement
  • Have at least 18 months remaining in your current enlistment
  • Not have any bankruptcies that haven’t been discharged for at least a year
  • Be available to speak to a loan specialist

OneMain Financial

OneMain Financial is the only lender in this roundup that charges an origination fee, and on top of that, their APR range is the highest amongst the group by a significant margin. If you’re looking for personal loans in Las Vegas, OneMain Financial will likely be less affordable than the other two lenders.

Yet, the other two lenders both have more specific qualification requirements — you must become a member at America First Credit Union, and Armed Forces Loans requires you to be an active-duty or career-retired United States Military member. If neither of the other lenders are a fit for you, OneMain Financial may be still worth considering as you explore options. They offer a decent range of borrowing limits and loan terms, and their interest charges certainly aren’t the highest when compared to bad credit personal loans in Las Vegas.

You’ll also find it easy to speak with a representative in person or make your loan payments in a physical branch, as OneMain Financial has six different branch locations scattered throughout the Las Vegas metro area. In fact, you’ll have to visit a loan specialist in person at one of these branches in order to finish your loan application.

How to qualify

OneMain Financial will consider your credit history and credit score, your income and expenses and the purposes of the loan when making your loan decision. You’ll be required to provide the following information in order to complete your loan application:

  • A valid form of ID, such as a passport or driver’s license
  • Your Social Security card
  • Proof of your address, such as a driver’s license, utility bill or lease
  • Proof of your income, such as pay stubs or tax returns

Explore lenders with LendingTree

As you shop around for personal loans in Las Vegas, remember to review the terms and conditions carefully and compare a variety of lenders so you can find competitive terms for your financial situation.

LendingTree, a lending marketplace, makes this easier by allowing you to see potential loan offers based on your creditworthiness. While qualification isn’t a guarantee, this can be a useful tool for getting a sense of the kinds of loans you might be able to obtain.

How to find bad-credit personal loans in Las Vegas

It can be difficult to find bad-credit loans in Las Vegas, but there are lenders willing to extend credit to people with patchy credit histories. Lenders like Sun Loan Company and Minute Loan Center offer bad-credit loans for people in Las Vegas.

You may find that a secured loan, such as a secured personal loan, is a more affordable borrowing option. These require you to put down collateral, such as your car, to back the loan. (This is something OneMain Financial offers.) However, if you worry over your ability to make on-time, in-full payments, then a secured loan won’t be a good option. Losing your car could put you in a worse financial position if you’re suddenly unable to drive to work, for example.

Your most affordable might not come from a traditional lender. If you can find a friend or family member willing to lend you money, that could be an affordable and flexible option. If you pursue this option, you’ll want to show proof that you can repay the loan and set up a repayment agreement.

How to choose a personal loan in Las Vegas

Choosing the best personal loans in Las Vegas for your money involves comparing a lot of different factors. You’ll want to get the lowest APR possible while ensuring that the loan amount meets your financial needs and the loan term is manageable. Most importantly, you’ll want to make sure you can afford your monthly payments before taking out any loan.

 

Different loan places in Las Vegas will be better suited for different needs. One lender might have the right home improvement loan for a necessary repair, while another may offer debt consolidation loans in Las Vegas at a reasonable cost to you. Take your time weighing the pros and cons of each lender until you find the one that’s right for you.

Personal loans in Las Vegas: FAQ

Where can I find signature loans in Las Vegas?

Many lenders offer signature loans in Las Vegas. Signature loans are a type of personal loan that does not require collateral to qualify. In addition to the lenders mentioned above, many credit unions and banks in Las Vegas offer signature loans.

You may also want to consider online lenders. These lenders have lower overhead costs compared to brick-and-mortar lenders and, thus, may pass off some of those savings onto borrowers.

Where can I find fast loans in Las Vegas?

Fast loans are available through a number of loan places in Las Vegas. The term “fast loans” can refer to personal loans that come with same- or next-day funding. They may also refer to payday loans or title loans, both of which are risky and expensive. Exercise caution when comparing fast loans in Las Vegas.

How can I find a list of banks and credit unions in Las Vegas?

To find a full list of banks in Las Vegas, you can use the FDIC’s BankFind feature, which will provide you with the contact information and location for each bank. If you’re looking for credit unions in Las Vegas, the NCUA’s Credit Union Locator will help you pull up a list of them.

Are payday loans available in Las Vegas?

Yes, you can find payday loans in Las Vegas offered by lenders who accept borrowers with bad or no credit. However, in exchange for lending to high-risk borrowers, payday lenders charge exorbitant fees; your typical payday loan could come with an APR of around 400%, according to the Consumer Financial Protection Bureau. In that case, a credit card could be a better option if you can’t access a bad credit personal loan and don’t feel comfortable applying for a secured loan, which is backed by collateral like your car.

Methodology

To select personal loan lenders for this roundup, we used Google Maps on April 3, 2020, to search for “personal loan lenders” with local branches in Las Vegas. We then researched the first 120 unique lenders that appeared in our results, and selected three lenders to feature based on 1) lowest minimum APR, 2) lowest maximum APR, 3) lowest origination fee, 4) widest range of borrowing limits and 5) widest range of term length. Lenders that didn’t offer information on at least three of the five factors listed above weren’t considered.