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Best Personal Loans in Tucson, AZ

Aug. 15, 2019, 8:17 p.m.

Many Americans want to finance a life event or home remodel or struggle with an unexpected expense. A personal loan can get you access to funds paid back over time with interest and other fees. Our partners at ConsumerAffairs researched the best personal loans in Tucson to find companies offering an easy application, streamlined process and fast access to funds.

Everyone deserves to make thoughtful, informed purchase decisions. The local guides provided on this website are free for consumers. KGUN 9 may receive compensation from our partners. Learn more.

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#1
RECOMMENDED
Best Egg

Loans made fast & easy!

VISIT WEBSITE
CALL BEST EGG
(877) 850-2322
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#1 MOST POPULAR
Best Egg
Best Egg
Features
  • Funds as fast as 1 business day
  • Loans from $2,000 to $35,000
  • Available in Tucson
  • Check rates in minutes
Read More
VISIT WEBSITE
CALL BEST EGG
(877) 850-2322
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#2
FreedomPlus
FreedomPlus
Features
  • One fixed monthly payment
  • Available in Tucson
  • Funds available within 3 business days
  • Min. FICO score: 620
Read More
VISIT WEBSITE
CALL FREEDOMPLUS
(800) 368-0061
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#3
Cash Time Loan Centers
Cash Time Loan Centers
Features
  • A+ rating with the BBB
  • Variety of payment options and terms
  • Funds available within 30 minutes
  • Borrow up to $5,000
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Location
3802 N. Oracle Rd.
Tucson, AZ 85705
(520) 887-1200
#4
Checkmate
Checkmate
Features
  • Same-day availability of funds
  • Multiple Tucson locations
  • Over 25 years of experience
  • A+ rating with the BBB
Read More
Location
5463 E. 22nd St.
Tucson, AZ 85711
(520) 745-6280
OneMain Financial
OneMain Financial
Features
  • M, W-F: 8:30am - 5:30pm
  • T: 8:30am - 7pm
  • Closed Sat and Sun
  • onemainfinancial.com/personal-loans
Location
1217 W. Irvington Rd., Ste. 161
Tucson, AZ 85714
(520) 790-2955
3H Financial Group
3H Financial Group
Features
  • M-F: 10am - 5pm
  • Sat: 10am - 3pm
  • Closed Sun
  • 3hfinancialgroup.com
Location
5028 N. Oracle
Tucson, AZ 85704
(520) 887-5104
Pima Federal Credit Union
Pima Federal Credit Union
Features
  • M-Th: 9am - 5pm
  • F: 9am - 6pm
  • Sat: 9am - 1pm
  • Closed Sun
  • pimafederal.org/borrow/personal-loans
Location
3730 N. Stone Ave.
Tucson, AZ 85705
(520) 202-0712
Tucson Federal Credit Union
Tucson Federal Credit Union
Features
  • M-Th: 10am - 5pm
  • F: 10am - 6pm
  • Sat: 9am - 1pm
  • Closed Sun
  • tucsonfcu.com
Location
3801 E. Speedway Blvd.
Tucson, AZ 85716
(520) 795-8520
Wells Fargo
Wells Fargo
Features
  • M-F: 9am - 6pm
  • Sat: 9am - 2pm
  • Closed Sun
  • wellsfargo.com/personal-credit/personal-loan
Location
2825 N. Campbell Ave.
Tucson, AZ 85719
(520) 792-5404
U.S. Bank
U.S. Bank
Features
  • M-F: 8:30am - 4:30pm
  • Closed Sat and Sun
  • usbank.com/loans-credit-lines
Location
1 E. Congress St., Ste. 100
Tucson, AZ 85701
(520) 205-8880

How to choose a personal loan company in Tucson

Tucson skyline

Personal loans can pay for a large purchase, such as a vacation, wedding or home remodel, or help with debt consolidation. One advantage of a personal loan is that you can use the money for anything, unlike a car loan that goes to finance your vehicle.

Other advantages of personal loans in Tucson include their low and fixed interest rates and that often collateral is not required because loans are based solely on your creditworthiness and ability to pay the money back.

Types of personal loans in Tucson include:

Loan type Details Best for
Unsecured personal loans Rate based on credit score, not backed by collateral Good credit
Secured personal loans Low rates, backed by collateral Poor credit
Fixed-rate loans Fixed interest rate and payment Long-term loans
Variable-interest loans Choose what you borrow, fluctuating interest rates Short-term loans
Co-sign loans Backed by co-signer with good credit Little-to-no credit history
Debt consolidation loans Roll multiple debts into one loan with a single payment and interest rate Paying off debt
Payday loan Unsecured short-term loan, very high interest rate. Illegal in some states, including Arizona Emergency situations

Even if you have bad credit, a low credit score won’t prevent you from getting a personal loan. However, it does limit your lender options and will come with higher interest rates. If you have bad credit, there are two good options for personal loans:

  • Credit union. A credit union is a non-profit financial cooperative owned by members. Many credit unions offer special programs for borrowers with poor credit history. Another benefit: credit unions usually cap their interest rate at 18 percent, regardless of your credit score.
  • Online lender. Online lenders have loan-qualification requirements and terms similar to traditional banks. However, many online lenders charge very high interests rates for people with low credit. When considering a lender, check the consumer complaint database to find out if a lender has many complaints from borrowers.

Starting the personal loan process in Tucson begins with checking your credit score and history so you can get an idea of what loan to apply for. Next, you want to research which personal loan works best with your credit. Typical requirements for a personal loan include a credit score of 630 - 750, a maximum debt-to-income of up to 45 percent and an interest rate of 8.50 percent to 18 percent.

Arizona has capped the interest rate for personal loans at 10 percent. Any Arizona lender with a higher interest rate will incur penalties. Arizona law also caps the minimum loan amount at $1,000 and the maximum loan amount at $25,000.

Also be aware of additional fees that you may incur, such as:

  • Application fee
  • Origination fee that can vary depending on your credit
  • Brokerage fee
  • Late fees on late payments

Personal loans are paid back in installments, much like a credit card. The timeframe of your payments is determined by the specific terms of your loan. Make sure your loan representative gives you all the information you need before agreeing to a personal loan.

Best Egg

Best Egg

CALL BEST EGG

(877) 850-2322 VISIT BEST EGG

Founded by a team of financial experts with decades of experience, Best Egg focuses on helping people with paying off personal debt from credit cards, home improvements, medical expenses and other life events. Customers love the quick application and low percentage rates, as well as quick access to funds.

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FreedomPlus

FreedomPlus

CALL FREEDOMPLUS

(800) 368-0061 VISIT FREEDOMPLUS

Founded in 2014, FreedomPlus provides customers with a personal consultation to discuss your financial goals and needs. They offer a custom rate based on many factors other than your credit score, such as your job profile and payment history. Customers praise the honesty of the loan officers, as well as their knowledge and quick assistance.

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Cash Time Loan Centers

Cash Time Loan Centers

Founded in Arizona and with over 20 years of service, Cash Time Loan Centers offers multiple cash loan programs. They work with people of all credit scores because they believe everyone should have access to financial services. Customers rave about the respect they felt when working with representatives as well as the ease of receiving a loan.

Checkmate

Checkmate

In business for over 25 years, Checkmate offers title/registration loans, installment loans, check cashing and cash for gift cards. They focus on providing the highest level of integrity and confidentiality. Many reviews praise the customer service, yet some find the process long and unhelpful.

Our partners independently research and analyze the companies mentioned in our guides and work with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.

Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.