Personal loans in Pennsylvania near me

Updated

With the Benjamin Franklin House and the Declaration of Independence of the United States, Pennsylvania has a very important historical past. It is a state that offers a lot to its population and where Latinos have been welcomed in recent years.

If you want to know where to get personal loans in Pennsylvania, this guide can help you.

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Where to get personal loans in Pennsylvania

We can say that getting personal loans in PA is not complicated if you meet the requirements. In the most important cities of this state you can count on loan stores, banks, credit unions, online lending platforms, private lenders and other funding sources.

Outstanding loans in Pennsylvania

Among the financial institutions operating in this state, we have selected some interesting products to obtain financing, due to their favorable conditions and the number of offices available for contracting them:

PNC Bank

PNC Bank's personal loan

  • Amount: between $ 1,000 and $ 35,000
  • Term: 0 months
  • Interest: 7.89%
  • APR: 7.89%
PNC Bank

PNC Bank's personal loan

  • Amount: between $ 1,000 and $ 35,000
  • Term: 0 months
  • Interest: 7.89%
  • APR: 7.89%
Student Loans

Student Loans

  • Amount: between $ 1,000 and $ 150,000
  • Term: 0 months
  • Interest: 4.43%
  • APR: 4.43%
PNC Bank

PNC Bank's personal loan

  • Amount: between $ 1,000 and $ 35,000
  • Term: 0 months
  • Interest: 7.89%
  • APR: 7.89%
Student Loans

Student Loans

  • Amount: between $ 1,000 and $ 150,000
  • Term: 0 months
  • Interest: 4.43%
  • APR: 4.43%
Truist Bank personal loan

Truist Bank personal loan

  • Amount: between $ 3,500 and $ 100,000
  • Term: between 2 years and 5 years
  • Interest: 8.19%
  • APR: 8.19%
PNC Bank

PNC Bank's personal loan

  • Amount: between $ 1,000 and $ 35,000
  • Term: 0 months
  • Interest: 7.89%
  • APR: 7.89%
Student Loans

Student Loans

  • Amount: between $ 1,000 and $ 150,000
  • Term: 0 months
  • Interest: 4.43%
  • APR: 4.43%
Truist Bank personal loan

Truist Bank personal loan

  • Amount: between $ 3,500 and $ 100,000
  • Term: between 2 years and 5 years
  • Interest: 8.19%
  • APR: 8.19%
Unsecured personal loan

Unsecured personal loan

  • Amount: From $ 2,000
  • Term: between -1 months and 7 years
  • Interest: 11.85%
  • APR: 11.85%

In addition, you have other regional banks with very good offers, such as First National Bank of Pennsylvania or Fulton Bank, as well as lenders such as One Main Financial or Mariner Finance.

When choosing any of these options, we suggest you do your research and comparison shopping before you decide. It makes the most sense to stay away from easy money with predatory interest rates, use the funds for a well-defined purpose, and be clear about how you will organize your income to repay.

Personal loans in Pennsylvania

How do I find Pennsylvania loans near me?

You can go into any bank branch in the state to apply for financing, although most institutions will ask you to become a customer by opening an account and the process can take several days or even weeks until you get the money.

To find entities that provide you with personal loans near your location, you can use the following map, where you can see the address of each lender, their opening hours and their contact telephone number:

Terms of Personal Loan in Pennsylvania

That said, if you have the opportunity to get financing through a traditional entity or a reputable online platform, it makes financial sense when you can pay back the money. At Pennsylvania, you're going to find terms for those who have a good track record and those who don't:

  • Terms ranging from about 2 months to 7 years or more.
  • Amounts ranging from $500 to $250,000 ($500K for businesses).
  • Interest rates that start at 4.49% and can reach over 200% (payday loans).
  • Online approval within hours, receipt of funds in 1-2 business days, no origination fee or prepayment penalties.

Most common personal financing in PA

In general, the credit culture is widespread in Pennsylvania and the other 49 states that make up the American union. This shows that there is a solid economic system that allows you to access different financing options.

Although there is a lot to choose from in terms of personal loans, there are 4 options that are very popular:

Loans with co-signer:

This type of financing is recommended for those who have no credit history or whose credentials are not the best.

Using someone with a good reputation gives you a better chance of getting approved and helps you get more favorable terms.

Secured personal loans:

In this case, you agree to put up an asset (car, boat, house, etc.) as collateral to get the money you request.

The advantage of this alternative is that you get a lower APR and better terms than with an unsecured loan. The disadvantage: you can lose the collateral if you default.

Fixed-rate loans: 

This alternative is one of the most common because you know how much you have to pay within the term you have requested.

Fixed monthly payments allow you to better control your fixed expenses and to budget in more detail how you are going to use the funds.

Adjustable rate loans: 

Unlike the previous scheme, a variable rate can be useful when you know that the indicators are going down or you have the means to repay earlier than expected.

If it is a mortgage, you can get a lower APR for the first few years.

A brief overview of Pennsylvania

The Commonwealth of Pennsylvania is a territory of the American Union that lies to the east and is crossed by the Appalachian Mountains. Before the arrival of the Dutch and English during the 17th century, it was inhabited by various Indian tribes (Lenape, Petun, Siouan, among others).

It is one of the 13 original colonies, being added as a state in 1681.

According to the 2020 census, Pennsylvania is the 5th state with the largest population, home to just over 13 million inhabitants. Its capital Harrisburg is considered the 13th largest in the country and also has two of the most populous cities: Pittsburgh and Philadelphia.

In the early 20th century, the Steel State's economy was centered on the production of steel, coal, lumber, textiles and other manufacturing industries. In 2020, this state generated a GDP of nearly $695 billion.

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According to 2019 government data, a family averages more than $61,700 and a working person receives a median income of $34,350.

On the other hand, the Quaker State is also known for having a good public school and university system. Home of the Hersheys and Godiva brands, Pennsylvania has several professional teams in different sports.

In addition, it has about 120 parks with free admission, it is a territory where hunting abounds and where there is no shortage of renowned musical events.

If you live in Pennsylvania and need money, here you can find personal loans to finance your projects.

Español: Préstamos personales en Pennsylvania