6/14/2023
Updated
Access to credit is a tool that can help you in many ways if you understand its dynamics. Getting personal loans can be complicated or not depending on your creditworthiness. Regardless of your financial situation, we give you some guidance on this topic.
In this case we are going to focus on the loans you can get in Wisconsin, whether you reside in that state or you are going to spend some time there.
You may be interested in: Personal loans in Minnesota near me
Where to get personal loans in Wisconsin?
In the state of Wisconsin you can find multiple ways to get financing, both with bank loans and with private or individual lenders, online lenders or using credit cards.
Wisconsin credit cards can be used to supplement your finances. Many residents use them to cover cash-strapped emergencies, pay medical expenses, consolidate debt, finance special events and more. Because of their flexibility in repayment, they are a very useful option.
Wisonsin quick loans near me
Check out this map to find out where to find lender stores near your location that offer financing with affordable terms and requirements. Among other entities, you can find Regional Finance, Mariner Finance or World Finance establishments.
Wisconsin Banks for Loans
In this northern region of the United States you can find multiple financial institutions that offer financing, both through their offices and online. Here are the banks with the largest presence in Wisconsin:
Among all the banks out there, we have chosen 4 options that we believe will help you with your purposes. Although a couple of these entities are recognized throughout the country, they know the local market well, so you can expect a personalized treatment according to your needs.
- BMO Harris Bank. To obtain this financing, they will ask you for an administrative fee of $75. With them you can borrow from $1500 to $50,000 and the term extends from 1 to 6 years.
- PNC Bank. An advantage of this institution is that their terms start in 6 months and go up to 5 years. The amounts with this bank range from $1000 to $35,000, but if you need up to $100,000, you have the option to apply for a secured loan.
- Huntington Bank. If you are already a customer of this financial institution, you can apply for a loan whenever you feel you need it. You can get from $2500 to $35,000 and they give you up to 60 months to pay back the money. Once they approve your request, they give you the money within one business day.
- UW Credit Union. With this credit union you can get from $500 to $40,000 and you have up to 3 years to repay. This institution offers you an introductory APR of 8.23%, you can receive a discount for being a customer and has 16 branches in the state.
Online Lenders in WI
Avio Credit
This online platform has amounts up to $5,000 and as an applicant you have up to 30 days to accept the financing offer. This lender has a portal through which you can manage the financing granted, has fast processing and you can receive the money in 1-2 business days.
LoanMe
This well-known online lender has an application processing system that works 24 hours a day and they can give you the approval in 3 hours. At LoanMe they offer you the opportunity to borrow from $600 to $30,000 and you can find out how much they will give you without affecting your credit score.
NetCredit (Enova International)
Loans from this online platform go up to $10,000, it has flexible terms and you can have the money in 1 business day. To apply, you must be over 18, have verifiable income, a valid checking account and an active email address. In addition, you can check your eligibility without affecting your score.
Recommendations for personal loans in Wisconsin
We'll end this section with some suggestions that we feel are timely:
- A good credit score of 600+ will always be more helpful than one below 550.
- Look for a lender with clear terms and a process you can easily understand.
- Keep in mind that the final cost of credit will depend on the lender, the APR, the amount, the term, the debt-to-income ratio and your credit score.
A Brief History of Wisconsin
Today, WI is home to 11 federally recognized tribes, some of which predominated before European settlement. Its name comes from the eponymous river whose name changed from Meskousing to Ouisconsin to its final name.
The creation of the Wisconsin territory in 1836 led to its incorporation into the American union in 1848 and it was the 30th state.
Most of Wisconsin's population lives in cities near Lake Michigan. Although the capital is Madison, the most inhabited city is Milwaukee, followed by Green Bay and Kenosha.
Statistical data place this state as the 20th most populated and the 25th in terms of size. Its 72 counties are home to 5.9 million people.
Wisconsin's economy is based on dairy production, which is why it is famous for its cheese and is known as "America's Dairyland".
Along with its flexible alcohol laws and large brewing industry, its $302.7B GDP (2021) is made up of sectors such as manufacturing, information technology, healthcare and tourism.
Among the many peculiarities of WI, it stands out the fact that it was the epicenter of the abolitionist movement in the North. In addition to the above, this state is home to the largest number of German and Scandinavian immigrants. Home of the Green Bay Packers, sports and education are an integral part of its idiosyncrasy.
Español: Préstamos personales en Wisconsin