2/27/2023
Curiously, when we talk about California, its capital city has less spotlight than Los Angeles, San Francisco or San Diego.
This does not mean that it lacks economic, social and cultural development. In fact, it is a city full of opportunities, which is why we want to show you how to get personal loans in Sacramento (CA).
Where to get personal loans in Sacramento (CA)
Just like in other California cities, there are several regulations on personal loans in Sacramento. For starters, if you are borrowing between $2,500 and $10,000, the interest rate cannot exceed 36% APR.
This does not apply to payday loans, which are legal in this state and whose rates average 372% annually.
- Loan amount: between $ 100 and $ 35,000
- Term: entre 7 days y 12 months
- Extra:Interest rate between 6.63% and 485% APRAddress: 1125 E. Broadway #545, Glendale, CA 9120
- Loan amount: between $ 500 and $ 50,000
- Term: entre 15 days y 120 months
- Extra:Fast loans up to $50,000 for whatever you want.
Interest rates from 6% to 439% APR
Finansi Group SL - Calle de las Barcas 2 Piso 2, 46002, Valencia
- Loan amount: between $ 500 and $ 10,000
- Term: entre 3 y 1728 months
- Extra:Fast online loans even with bad credit.Interest rates between 5.99% and 35.99% APR
3315 E Russel Rd Ste A-4 Box #105, Las Vegas, NV 89120
- Loan amount: between $ 500 and $ 10,000
- Term: entre 3 y 36 months
- Extra:Interest rates between 5.99% and 35.99% APRAddress: Chief LLC, 2661 N Pearl St #431 - Tacoma, WA 98407
- Loan amount: between $ 1,000 and $ 35,000
- Term: entre 3 y 720 months
- Extra:Interest rate from 5.99% to 35.89% APRAddress: 278 EAST 1875 SOUTH Roosevelt, UT 84066
- Loan amount: between $ 50 and $ 2,500
- Term: entre 7 days y 12 months
- Extra:Fast loans online and offline, even with bad credit.Interest rate starting at 83% APR.Address: 300 E. John Carpenter Fwy, Ste. 900, Irving, Texas, 75062
- Loan amount: between $ 1,000 and $ 35,000
- Term: entre 6 y 72 months
- Extra:Interest rate from 5.99% to 35.99% APR - 216 E 4th St, Austin, TX 78701
- Loan amount: between $ 300 and $ 5,000
- Term: entre 14 days y 12 months
- Extra:Consult with the entity the interest rate and the APRAddress: 2929 Floyd Street, Burbank 91504 CA
- Loan amount: between $ 200 and $ 5,000
- Term: entre 7 days y 12 months
- Extra:Interest rate between 4.99% and 450% APRAddress: 1041 4th Avenue, Suite 302, Oakland, CA 94606
- Loan amount: between $ 100 and $ 5,000
- Term: entre 1 days y 12 months
- Extra:Interest rate between 4.99% and 450% APRAddress: 1041 4th Avenue, Suite 302, Oakland, CA 94606
- Loan amount: between $ 1,500 and $ 20,000
- Term: entre 24 y 60 months
- Extra:Fast online and offline loans, also securedInterest rate from 18% to 35,99% APR
Address: OneMain Holdings, Inc. 601 N.W. Second Street Evansville, IN 47708-1013
- Loan amount: between $ 200 and $ 5,000
- Term: entre 14 days y 24 months
- Extra:Interest rate between 4.99% and 450% APRAddress: 1041 4th Avenue, Suite 302, Oakland, CA 94606
- Loan amount: between $ 500 and $ 12,000
- Term: entre 24 y 60 months
- Extra:Secured personal loans up to $12,000 Interest rates from 24% to 35,99% APR
Address: Regional Management Corp. 979 Batesville Road, Suite B Greer, SC 29651
- Loan amount: between $ 200 and $ 5,000
- Term: entre 1 days y 12 months
- Extra:Interest rate between 4.99% and 450% APRAddress: 1041 4th Avenue, Suite 302, Oakland, CA 94606
- Loan amount: between $ 1,000 and $ 25,000
- Term: entre 12 y 60 months
- Extra:Quick cash loans, mortgages and auto loans.Interest rates from 16% to 35,99% APR
Address: Mariner Finance, LLC. - 8211 Town Center Drive, Nottingham, MD 21236
It is also important to know that administrative fees should not exceed $75 (amounts over $2,501) and 5% or $50 for loans under $2,500.
When looking for a reliable lender in this city, make sure they are registered with the California DFPI (Department of Financial Protection and Innovation).
That being said, financing options continue to increase and it's safe to say that you won't be short of alternatives.
There are traditional solutions, such as national banks (like Citibank, or Chase Bank), regional banks (like California Bank & Trust), credit unions, or loan stores. If you prefer something online, you have several platforms and fintechs.
Personal loans most demanded in Sacramento
The essence of personal loans in Sacramento, or any other city in the USA, is none other than to give you extra money to solve a specific situation. It can be medical expenses, overdue bills, vacations, special occasions, home repairs, debt consolidation and much more.
Among the most common alternatives are lines of credit and unsecured fixed-rate installment loans. Since the choice is not always easy, here are some other options that are also popular:
Adjustable rate loans
These work like adjustable rate mortgages (ARMs) because they have mixed terms: a fixed interest period and a subsequent period where the lender adjusts the rate from time to time.
They are recommended for those who can repay faster or expect an increase in income. At the beginning, they give you cheaper monthly payments.
Co-signed loans
This modality is used when your financial credentials do not meet the requirements or you have a very recent history. Although the co-signer must assume responsibility for repayment if you cannot, their good reputation increases the likelihood of approval and more favorable terms.
Secured loans
They are the best choice when you have assets (liquid/liquid) that you can use as collateral or you don't want to use your savings. Their biggest advantage is that they give you more flexible terms to apply/repay and a lower interest rate than the rest.
Their only disadvantage is that they can take away your collateral in case you are unable to repay.
A word of caution about payday loans
We understand that not everyone can or wants a personal loan in excess of $500. Small-dollar loans, such as payday loans, are in high demand because they are limited to small amounts, are easy to get and have a maximum duration of 31 days.
Before resorting to a payday loan, keep in mind that you can't be charged more than 15% per $100 (APR 460%) and additional fees may apply in case of extension. Also, you can only take out one at a time, there are no rollovers, and there are no penalties that will land you in jail if you default.
A brief history of Sacramento
Inhabited by Native Americans before the arrival of the Spanish, it owes its name to the Sacramento River, named after the explorer Gabriel Moraga (1808).
After John A. Sutter was assigned for its colonization, settled the New Helvetia colony and the gold rush arrived, it would obtain the status of city in 1850.
Today, Sacramento is the capital of California and is part of the county of the same name. According to the 2020 census, its population of nearly 525,000 makes it the 6th largest city in the state and the 9th largest capital city in the country.
Sacramento Demographics and Economy
When we take into account its metropolitan area of nearly 2,400,000 inhabitants, it is the 5th largest in California.
In the economic context, this metropolis has been considered one of the fastest growing in recent years and is a financial and academic center.
It has shown a GDP of $153.3 billion (2019), a family can have an average income of $62,300 (2019) and an employed person gets an average salary of $31,950 (2019) a year.
The city of trees is also known for its tourist attractions that are visited by at least 15 million people each year.
This is due in part to its historic sites, museums, festivals, extensive variety of nature/theme parks and its diverse population, where there is a very significant LGBTQ+ community.
English: Préstamos personales en Sacramento (California)