1/13/2023
Updated
Although New Jersey is one of the smallest states in the U.S., it can be a charming place in many ways. In fact, it is a territory that deserves to be explored and appreciated for its economic and cultural diversity.
If you want to know how to get personal loans in New Jersey near you, our experts give you their perspective.
Featured Loans in New Jersey
Although below we indicate the ways and places to access personal loans in the state of New Jersey, as a preview we select some of the most interesting loans you can find, both from banks and private financial institutions with a presence in the area:
- Amount: between $ 2,000 and $ 50,000
- Term: between 3 years and 5 years
- Interest: 8.99%
- APR: 8.99%
- Amount: between $ 2,000 and $ 50,000
- Term: between 3 years and 5 years
- Interest: 8.99%
- APR: 8.99%
- Amount: between $ 2,000 and $ 100,000
- Term: between 1 year and 10 years
- Interest: 7.24%
- APR: 7.24%
- Amount: between $ 2,000 and $ 50,000
- Term: between 3 years and 5 years
- Interest: 8.99%
- APR: 8.99%
- Amount: between $ 2,000 and $ 100,000
- Term: between 1 year and 10 years
- Interest: 7.24%
- APR: 7.24%
- Amount: between $ 3,000 and $ 100,000
- Term: between 1 year and 7 years
- Interest: Ask
- APR: 5.74%
- Amount: between $ 2,000 and $ 50,000
- Term: between 3 years and 5 years
- Interest: 8.99%
- APR: 8.99%
- Amount: between $ 2,000 and $ 100,000
- Term: between 1 year and 10 years
- Interest: 7.24%
- APR: 7.24%
- Amount: between $ 3,000 and $ 100,000
- Term: between 1 year and 7 years
- Interest: Ask
- APR: 5.74%
- Amount: between $ 1,000 and $ 35,000
- Term: 0 months
- Interest: 7.89%
- APR: 7.89%
- Amount: between $ 2,000 and $ 50,000
- Term: between 3 years and 5 years
- Interest: 8.99%
- APR: 8.99%
- Amount: between $ 2,000 and $ 100,000
- Term: between 1 year and 10 years
- Interest: 7.24%
- APR: 7.24%
- Amount: between $ 3,000 and $ 100,000
- Term: between 1 year and 7 years
- Interest: Ask
- APR: 5.74%
- Amount: between $ 1,000 and $ 35,000
- Term: 0 months
- Interest: 7.89%
- APR: 7.89%
- Amount: between $ 5,000 and $ 50,000
- Term: between 3 years and 7 years
- Interest: 6.99%
- APR: 6.99%
In addition, you also have several chains of lenders with physical stores and widespread in the state, such as Mariner Finance or One Main Finantial.
Where to get loans in New Jersey?
Although New Jersey is seen as the least attractive part of the other side of New York or Pennsylvania, don't be misled.
It is a highly industrialized state, home to many people who work in Manhattan and Philadelphia, with a sophisticated transportation system and the famous tourist attraction of Atlantic City.
Thanks to a diverse economy full of opportunities, the credit culture has also flourished in this state. It is no longer uncommon to walk into a loan store to borrow money instantly and without a lot of hassle. Of course, the best options are a blend of tradition and modernity:
- National banks. They can be banking entities you already know or fintechs turned online banks. They fit your needs, have many types of loans and flexible payment options. Among the banks with the largest presence in New Jersey are the largest, such as Bank of America, Wells Fargo or PNC Bank.
- Credit unions. They are the best alternative to traditional banks because they are less known and work more closely with communities. They offer low rates, personalized service and a variety of loans depending on what you are looking for.
- Online lenders. If you don't want to leave home, this is your best option. Their application is fast, you can get financing with a bad-regular score, you receive the money in 1-2 business days and they have low rates.
- P2P loans. This is a modality that is gaining space in the category of personal loans. You use an online platform to connect with individuals who lend money, the process is simple and the terms are between 3 and 5 years to repay the requested amount.
- Private companies. Another alternative to banks are companies that sell cars, motorcycles, electronics, furniture and other high-priced goods (big-ticket). Most of them, like dealerships, offer payment plans or financing so that you can get what you want to have.
In this last category there are also payday and car title lenders, which are stores that give you fast credit without a lot of paperwork. The problem with these options is that they give you short terms to pay back the money and the interest rates are usually very high. Also, with pink-slip loans you run the risk of losing your car.
Loans in New Jersey near me
The fastest way to find a lender near your location is to use the map below, which shows you a list of lenders throughout the state, and you can zoom in on the area you want to search there again:
Terms and conditions of personal loans in NJ
Both traditional banks and online platforms can give you similar conditions. This means that you can get an annual percentage rate (APR) starting at 2.49%, up to $100,000 depending on your credit score and terms that start in two months and can go up to 7 years.
What we always recommend with personal loans is that you should not get carried away by the first thing you see. Find out the terms, possible fees or penalties and everything that is included in the fine print. The information you get will be valuable in making a good decision and comparing with other loans.
A Brief History of New Jersey
Located west of New York, New Jersey is one of the original 13 states that made up the United States at independence. Although it ranks as the 4th smallest state in the nation by size, it is also the most densely populated with some 9.2 million residents.
Before the arrival of the Europeans (Swedes and Dutch), the Native Americans were the original settlers. It owes its name to the island of Jersey in the English Channel, its capital is Trenton and its largest city is Newark. It is known as the garden state because in the eighteenth century it had fertile land in most of its geography.
Today it is one of the most urbanized places in the USA and an industrial center that stands out for its economic power. In fact, the industries in its six main cities were key players in the consolidation of the industrial revolution. Interestingly, Jersey is home to the largest number of millionaires in the country with more than 320,000.
The state of New Jersey has a very diverse mix of nationalities living together in a small space. This is reflected in a very diversified economy that generated a GDP of $534 billion in 2020.
Home to some of the best universities in the country, a family has a median income of $82,500 and a worker earns just over $42,700 a year.
If you reside in New Jersey, getting personal loans near you has become more common and less complicated if your reputation doesn't have so many flaws. With Busconomico's search engine you can find the best rated bank products in just a few clicks.
English: Préstamos personales en New Jersey