Online Personal Loans in Arizona

Online Personal Loans in Arizona
Luke Loftin
on April 29, 2019
Read in 1 min

There comes a point in everyone’s life where they may need a little help to finance a new project, purchase, vacation, unexpected expense, or upgrade.

Fortunately, finding personal loans in Arizona has never been easier – if you know where to look.

What is the economic climate in Arizona?

Arizona has a population of about 7 million and a median income of about $26,600.

The state has a nearly 15 percent poverty rate which far exceeds the national average which is closer to 12 percent.

This means that for many people, personal loans in AZ can be helpful if there are any unexpected expenses.

Payday Loans in Arizona

Borrowers with bad credit often think they won’t be eligible for personal loans in AZ.

However, there are potential choices for those borrowers with less-than-perfect credit, but you should know the details.

Lenders in Arizona have to comply with strict lending regulations regarding short-term loans, including a rate cap of 36 percent a year and a 5 percent lending fee cap.

Additionally, these loans cannot exceed $1,000.

Arizona is one of the few states that has aggressively protected citizens from predatory lending practices but that doesn’t mean there are necessarily fewer options for personal loans in AZ.

personal loans arizona

Where can I get a personal loan in Arizona?

Many people begin looking in their own neighborhood when they need to take out a personal loan in Arizona.

While this is certainly a viable option, it may not give you the best rates or installment terms.

By expanding your search to online portals, you may find a better solution for your financial needs.

What are the different types of personal loans in Arizona?

In addition to a personal loan, you might also want to consider a title loan, auto loan, or debt consolidation loan.

The type of loan you need depends primarily on your personal needs and financial situation.

What should I watch out for when requesting a personal loan in Arizona?

Because of the strict laws regulating personal loans in AZ, consumers are largely protected from predatory lending practices.

However, it is important that borrowers be aware of their rights and the legal limitations of lenders to prevent the possibility of being taken advantage of.

The Arizona Department of Financial Institutions has a comprehensive website filled with valuable consumer resources.

Some of these include consumer education, the ability to look up the license of various lending institutions, and the ability to file complaints online.

If you are interested in learning more about personal loans in AZ, take the time to look at different types of loans in order to make sure you are receiving a decent offer for your financial situation.

Need Cash? Get a Personal Loan Today

$5,000
I want to borrow
$1,000
$35,000

Disclaimer: This is not legal or financial advice. Please consult a legal or financial advisor for your specific situation.

Luke Loftin Finance Journalist

Luke is a writer and editor based out of Los Angeles.

He specializes in finance, as well as health and wellness.

In his free time, he enjoys watching Astros baseball.

Recommended for Business Loans
Lendio
Headway Capital

Important Disclosures. Please Read Carefully.

Persons facing serious financial difficulties should consider other alternatives or should seek out professional financial advice. This website is not an offer to lend. Lendgenius.com is not a lender or lending partner and does not make loan or credit decisions. Lendgenius.com connects interested persons with a lender or lending partner from its network of approved lenders and lending partners. Lendgenius.com does not control and is not responsible for the actions or inactions of any lender or lending partner, is not an agent, representative or broker of any lender or lending partner, and does not endorse any lender or lending partner. Lendgenius.com receives compensation from its lenders and lending partners, often based on a ping-tree model similar to Google AdWords where the highest available bidder is connected to the consumer. Regardless, Lendgenius.com’s service is always free to you. This service is not available in all states. If you request to connect with a lender or lending partner in a particular state where such loans are prohibited, or in a location where Lendgenius.com does not have an available lender or lending partner, you will not be connected to a lender or lending partner. You are urged to read and understand the terms of any loan offered by any lender or lending partner, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you. By submitting your information via this website, you are authorizing Lendgenius.com and/or lenders and lending partners in its network or other intermediaries to do a credit check, which may include verifying your social security number, driver license number or other identification, and a review of your creditworthiness. Credit checks are usually performed by one of the major credit bureaus such as Experian, Equifax and Trans Union, but also may include alternative credit bureaus such as Teletrack, DP Bureau or others. You also authorize Lendgenius.com to share your information and credit history with its network of approved lenders and lending partners. For qualified consumers, our lenders offer loans with an Annual Percentage Rate (APR) of 35.99% and below. For qualified consumers, the maximum APR (including the interest rates plus fees and other costs) is 35.99%. All loans are subject to the lender’s approval based on its own unique underwriting criteria. Example: Loan Amount: $4,300.00, Annual Percentage Rate: 35.99%. Number of Monthly Payments: 30. Monthly Payment Amount: $219.36. Total Amount Payable: $6,581.78 Loans include a minimum repayment plan of 12 months and a maximum repayment plan of 30 months. In some cases, you may be given the option of obtaining a loan from a tribal lender. Tribal lenders are subject to tribal and certain federal laws while being immune from state law including usury caps. If you are connected to a tribal lender, please understand that the tribal lender’s rates and fees may be higher than state-licensed lenders. Additionally, tribal lenders may require you to agree to resolve any disputes in a tribal jurisdiction. You are urged to read and understand the terms of any loan offered by any lender, whether tribal or state-licensed, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.

Lender’s or Lending Partner’s Disclosure of Terms.

The lenders and lending partners you are connected to will provide documents that contain all fees and rate information pertaining to the loan being offered, including any potential fees for late-payments and the rules under which you may be allowed (if permitted by applicable law) to refinance, renew or rollover your loan. Loan fees and interest rates are determined solely by the lender or lending partner based on the lender’s or lending partner’s internal policies, underwriting criteria and applicable law. Lendgenius.com has no knowledge of or control over the loan terms offered by a lender and lending partner. You are urged to read and understand the terms of any loan offered by any lenders and lending partners and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.

Late Payments Hurt Your Credit Score

Please be aware that missing a payment or making a late payment can negatively impact your credit score. To protect yourself and your credit history, make sure you only accept loan terms that you can afford to repay. If you cannot make a payment on time, you should contact your lenders and lending partners immediately and discuss how to handle late payments.