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Find the Best Personal Loans in Phoenix, AZ

Personal loans are flexible and can help complete a home improvement project or cover educational expenses. Choose a company that offers low interest rates and flexible loan terms. We researched the best personal loans in Phoenix to narrow down your choices.

Compare Top Personal Loans

Overall satisfaction rating
  • Available in Phoenix
  • Won't impact your credit score
  • Select the term that works best for you
  • No prepayment penalties

Won't impact your credit score!

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Overall satisfaction rating
  • Available in Phoenix
  • Equal Housing Opportunity
  • Loans from $7,500-$40,000
  • 24-60 month repayment

FreedomPlus is an online loan broker that provides loans from $7,500 to $40,000. Get approved in less than a day, and you could receive funds in as little as 48 hours.

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Credit Direct Loans
  • Available in Phoenix
  • Direct cash deposit
  • Loans up to $40,000
  • Get approved online
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SunWest Federal Credit Union
  • Fixed interest rate
  • Apply online
  • Registered nonprofit
  • No collateral required
11839 N. 29th Dr.
Phoenix, AZ 85029
(602) 866-1100
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Arizona Central Credit Union
  • Loans from $500-$15,000
  • No application fees
  • 36-month repayment terms
  • Not-for-profit
2020 N. Central Ave., Ste. 100
Phoenix, AZ 85004
(866) 264-6421
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Alliance Bank of Arizona
  • M-Th: 9am - 4pm
  • F: 9am - 5pm
  • Closed Sat and Sun
  • westernalliancebancorporation.com
1 E. Washington St.
Phoenix, AZ 85016
(602) 389-3500
Arizona Bank and Trust
  • M-F: 9am - 5pm
  • Closed Sat and Sun
  • arizbank.com
2036 E. Camelback Rd.
Phoenix, AZ 85016
(480) 717-4300
Cash 1 Loans
  • M-Sat: 8am - 9pm
  • Sun:10am - 6pm
  • cash1loans.com
4246 W. Northern Ave.
Phoenix, AZ 85051
(623) 939-4300
Cash Time Loan Centers
  • M-Sat: 9am - 6pm
  • Sun: 10am - 5pm
  • cashtime.com
3925 N. 67th Ave.
Phoenix, AZ 85033
(623) 848-6900

How to choose a personal loan in Phoenix

Phoenix skyline

Personal loans are known as “unsecured” debt and are not backed by collateral like your home or car. They can be used to consolidate high-interest debt, for emergency expenses, vacations, home renovations or even dream weddings.

A personal loan in Phoenix has several advantages:

  • Flexibility. A personal loan is multi-purpose. It can be used for anything.
  • No collateral required. These loans are unsecured, meaning you don’t have to secure it with your vehicle or house. There is typically less paperwork and quicker availability.
  • Fixed interest rate. Unlike credit cards, a personal loan has a fixed rate at a fixed term. You don’t need to worry about increasing rates or a ballooning monthly payment, a concern with other loans.

Finding the right loan depends on factors such as your credit score and repayment term. Types of personal loans in Phoenix include:

  • Unsecured. This type of personal loan isn’t backed by collateral, which makes them riskier for lenders that may charge higher annual percentage rates (APRs).
  • Secured. These loans, such as mortgage and car loans, are backed by collateral that can be taken by the lender if you default.
  • Fixed rate. The interest rate doesn’t change, which is good for those who want to make regular monthly payments at a fixed rate.
  • Variable rate. The interest rate on your loan will change based on market rates.
  • Debt consolidation. This loan rolls multiple unsecured debts into a single new loan at what should be a lower interest rate.

Another popular personal loan is a payday loan, which is a short-term loan that you repay all at once when you get your next paycheck. While payday loans are no longer legal in Arizona, some Phoenix businesses offer alternatives to online payday loans, such as installment loans or a flexible line of credit.

The typical requirements for Phoenix personal loans include:

  • Minimum credit score: 640
  • Maximum debt-to-income ratio: up to 45 percent depending on income, loan amount and credit rating

Your credit score, credit history and income aren’t the only factors lenders take into consideration when you apply for a personal loan. Some companies will also consider your line of work and education level.

Personal Loans Reviews

Accredited Partner

Best Egg

Best Egg offers customers several fixed rate term options with no prepayment penalties. Approved funds are transferred electronically in as little as one business day. The company provides manageable loans and clear-cut payment plans. Online reviews from Phoenix note Best Egg’s easy application process and professional staff.

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Accredited Partner


FreedomPlus' rate is based on your job profile, payment history and other personalized factors. Customers can qualify for exclusive rate discounts just for applying with a co-borrower, using a loan to pay off debt or having retirement assets. Arizona residents can also discuss their financial goals with a loan consultant over the phone.


Credit Direct Loans

With Credit Direct Loans, you can get approved for a personal loan and have funds deposited in your bank account within 24 hours. You can be approved for a personal loan for any expense within minutes after an online application process. The company specializes in consolidation loans.

Credit Direct Loans

SunWest Federal Credit Union

SunWest Federal Credit Union offers several personal loan options and funds can be issued as a check or deposited into a SunWest account. However, several customers note the credit union’s unprofessional staff and lack of online features.

SunWest Federal Credit Union

Arizona Central Credit Union

Open since 1939, Arizona Central Credit Union offers personal loans in Phoenix up to $15,000 with competitive interest rates and no application or processing fees. Use the company’s online calculator to easily see what you can afford. Online reviews are mixed, with some complaining about the company’s poor customer service.

Arizona Central Credit Union