Personal Loans in Los Angeles, California

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Avant OneMain Financial SOS Loans, Inc.
APR 9.95% to 35.99% 18.00% to 35.99% 36.00% to 72.00%
Borrowing limits $2,000 to $35,000 $1,500 to $20,000 $10,000 to $25,000
Terms 24 to 60 months 24 to 60 months 60 to 84 months
Origination fee Up to 4.75% Varies by state and loan, but can be $25 to $300, or 1.00% - 10.00% of your loan amount May incur nonrefundable $75 fee or up to 5% of the loan amount
Minimum credit requirement 580 Not specified Bad or no credit may be OK, according to the lender


With one personal loan location in Los Angeles, Avant provides better interest rates than SOS Loans and a lower starting APR than OneMain Financial. While the lender states that it takes individual histories and credit situations into account, the borrower’s credit score may have more of a bearing on loan approval than the other two Los Angeles lenders reviewed here; Avant typically issues loans to those in the 580 to 700 range.

Like SOS Loans and OneMain Financial, Avant borrowers don’t incur prepayment penalties for paying off a personal loan early. Depending on qualifications, Avant borrowers may be eligible to refinance their personal loan, receiving both additional funds and a lower APR.

How to qualify

  • Proof of identify
  • Proof of income
  • Must have bank account
  • Valid ID
  • Must undergo identity verification via electronic knowledge-based authentication

OneMain Financial

While prospective borrowers can see if they prequalify online, OneMain Financial requires them to visit a branch in person to verify documents and close the loan. However, with 10 branches in Los Angeles County, borrowers have plenty of location options. And unlike Avant and SOS Loans, OneMain Financial offers both an unsecured and secured personal loan.

Like the other two personal loan lenders listed here, OneMain Financial charges an origination fee. Borrowers will either incur a flat fee or a fee equal to a percentage of the loan amount. Both vary by state but can run high.

While Avant and SOS Loans charge customers flat late-payment fees, OneMain Financial may either charge a flat fee or a percentage of the late portion of the monthly payment.

How to qualify

  • Must have a valid government-issued ID
  • Must provide proof of residence
  • Must show proof of income

SOS Loans, Inc.

SOS Loans, Inc. is a direct online lender of personal loans in Los Angeles. Of the three personal loan companies in Los Angeles in this roundup, SOS Loans has the highest APR range. The company itself recommends seeking more favorable terms elsewhere before applying.

While SOS Loans has the narrowest range of borrowing limits out of the three reviewed lenders, the lender states that having bad or no credit may not affect your eligibility. Further, there are no prepayment penalties, so if you need to borrow, you can avoid high interest charges by aggressively repaying your debt.

How to qualify

  • Must be 18 years or older
  • Must reside in California
  • Must have active checking account
  • Must have verifiable income source
  • Must have a Social Security number
  • May not be currently serving in the military
  • May need to provide documents that include payroll stub, previous year W-2, voided check from bank account, current ID and current utility bill
  • Must have an email address registered in your name

Explore lenders using LendingTree

Generally, it’s a good idea to keep your options open when seeking out a personal loan. That means exploring lenders who may or may not have physical locations in Los Angeles. LendingTree is an online lending marketplace where you can see personalized offers, depending on your eligibility, at no cost.

How to choose a personal loan in Los Angeles or online

Maybe you need funding to cover an unexpected surgery at UCLA Medical Center. Maybe you’re just looking to finally consolidate your credit card debt. When seeking out a personal loan in Los Angeles or online make sure to do your homework before you sign the dotted line. Compare lenders by considering such factors as:

  • Loan eligibility requirements
  • Interest rates
  • Repayment terms
  • Fees, such as the origination fee

If, for instance, you plan to aggressively repay your loan, strongly consider a lender with no prepayment penalty. Or, if you need low monthly payments, you can seek out long-term personal loans. In general, it’s best to choose the lender that offers you the lowest interest rates and fees in order to minimize your loan costs.

How to find bad credit personal loans in Los Angeles

All three of the reviewed lenders cater to those with bad credit, and in some cases, no credit. However, there are a wide variety of lenders that offer similar personal loans in Los Angeles for bad credit.

Traditional banks may work with a borrower, depending on their situation, but they typically offer less competitive loans given the bank overhead. Credit unions may offer more wiggle room, but the borrower will have to be a member. Online lenders, such as LendingPoint and the peer-to-peer lending platform Peerform may also be viable options.

Other bad credit options include payday loans, and while there are plenty of payday lenders in Los Angeles, keep in mind that the long-term cost is much greater than going through a traditional institution.

Personal loans in Los Angeles: FAQ

How can I find a list of banks in Los Angeles?

FDIC’s BankFind feature allows you to search by city, state and ZIP code. The tool will provide information on whether that bank is FDIC-insured, all locations of a branch, history of the bank and whether that bank has merged with another bank.

How can I find a list of credit unions in Los Angeles?

Find a credit union in Los Angeles with the National Credit Union of America’s Credit Union Locator. Whether you’re looking for a list of credit unions in downtown Los Angeles or something a little farther out, the tool offers a full listing of area credit unions, which include location maps, number of members and the credit union’s charter year.

Where can I find a payday loan in Los Angeles?

Payday loans in Los Angeles are readily available through a number of lenders you can find, quite simply, by driving around. Before finding a payday loan option, however, do some front-end research. Payday loans come with extremely high interest rates and short repayment terms that can make it difficult to repay your debt in full on time.

In general, it’s best to exhaust all other options before considering a payday loan.


To select personal loan lenders for this roundup, we used Google Maps to search for “personal loan lenders” with local branches in Los Angeles. We then researched the first 80 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 did not offer all of the above information were not considered.