12/23/2022
Living in California, especially in San Francisco, is not for everyone's budget. Due to its economic development, its cost of living is one of the highest in the country (52% higher than the national average).
This may require you to know how to get personal loans and manage your debt capacity well.
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Where to find personal loans in San Francisco (CA)?
San Francisco has become a progressive, inclusive city with a high quality of life. The influence of Silicon Valley and the rise of a new digital economy have a big impact on the purchasing power and credit culture in the area.
Whether you have a good or bad Fico/VantageScore, options abound for getting that personal loan you need. It's all a matter of finding the right lender and the terms that work best for you.
- 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
San Francisco Personal Loan Features
When it comes to applying for personal loans in San Francisco, you can turn to banks, credit unions, fintechs and other companies that specialize in this hotly contested category. For this you should be well aware of their basics:
- Conditions. As everywhere in the U.S., each lender sets the terms on minimum/maximum amount, terms, fees, penalties, repayment, restrictions and more.
- Interest rate. The most common is the APR, which ranges from 2.49% to 35.99% (not including payday loans).
- Fees. The most common fee for personal loans is the origination fee, which covers administrative paperwork and can range from 1 to 6%. You may also be charged for late or returned payments.
- Amounts. If you need them, you can get up to $100,000 with some online companies. Don't expect an exception if you are looking for more money.
- Terms. When it comes to personal loans that are not payday loans or title loans. like the offered by the U.S. Bank or the Fifth Third Bank, they give you from 2 months to 15 years to repay.
- Repayment. Although this varies, most lenders offer autopay (direct account discount), online transaction, check in the mail and cash back for convenience.
Moreover, with many alternatives you don't have to leave home to get the ideal personal loan. Financial institutions and online companies have sophisticated systems to process your data, check your background and approve your application in minutes. Plus, you receive the money the same day or within 1-2 business days.
Dangers of payday loans
In San Francisco, as in many other U.S. cities, payday loans are widespread. They are a quick and easy way to get money almost instantly.
The big problem with this alternative is that only 15% of those who use them have the capacity to pay them back. The reason is very clear: the loan conditions are brutal.
These products give you an amount of less than $1,000, you have 15 days or a month to pay back the money and the interest rate can be over 300% APR.
Their popularity is due to the fact that they only require you to have an income and it doesn't matter how good your credit score is or if you actually have a way to pay back the borrowed money.
A brief overview of San Francisco
The great state of California is known for being home to some of the most interesting cities in the United States. It is home to the city and county of San Francisco, which was founded in 1776 by Spanish settlers who named it after the saint Francis of Assisi.
Its subsequent growth was due to the gold rush (1849), which also initiated the westward migration.
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The Golden Gate City is considered the 16th most populated city in the country with 881,500 people and the 4th most populated in California.
If we keep in mind its metropolitan population density, it is the 2nd most populated city in the USA with 4.7 million and 9.67 million residents if we include the San Jose area, only behind NY in these statistics.
The well-known San Francisco is also a US economic stronghold. In 2019, its GDP hovered around $203.5 billion annually and its median per capita income was $230,000.
This explains why in 2020 it boasted the nation's highest wages and most expensive rents. That is why it is ranked 2nd in the U.S. and 8th in the world in the Global Financial Centers Index.
San Francisco has also been a place full of historical events. For example, it was where the United Nations was founded, the "hippie" counterculture began, it hosted the Sexual Revolution, witnessed the Peace Movement against the Vietnam War, and is considered the capital of the defense of gay and LGBTQI+ rights.
In short, we recommend that you look for personal loans in San Francisco that fit your financial situation. On Busconomico there are a variety of alternatives that you can compare.
Español: Préstamos personales en San Francisco (California)