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Find the Best Personal Loans in Bakersfield, CA

Consumers take out personal loans for any number of reasons. Personal loans are commonly used to pay off credit cards, consolidate debt, remodel a home, finance a wedding or buy a car. Borrowers can then pay back the loan over an extended period in monthly payments. To help you find a personal loan with an easy application process, competitive interest rate and clear terms and conditions, we researched the best personal loans in Bakersfield.

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Compare Top Personal Loans

Personal Loan Pro
  • Loans up to $50,000
  • Get funds in one business day if you’re approved
  • See offers in just two minutes, with no effect on credit score
  • Available in Bakersfield and nationwide
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Best Egg
Overall satisfaction rating
  • Simple, fixed monthly payments
  • Funds as fast as 1 business day
  • BBB A+ rating
  • Available in Bakersfield

Achieve financial freedom!

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Overall satisfaction rating
  • Loans up to $40,000
  • Funds within 3 business days
  • Min. FICO score: 620
  • Available in Bakersfield

Loan amounts from $7,500 to $50,000. Select from 24- to 60-month terms. APR from 7.99% to 29.99%. Minimum credit score varies. Origination fee up to 4.99%. No prepayment penalty.

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OneMain Financial
  • Fixed rates & payments
  • Loans from $1,500 to $30,000
  • Three locations in Bakersfield
  • A+ rating from BBB
3801 Mall View Rd.
Bakersfield, CA 93306
(661) 871-4014
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Kern Federal Credit Union
  • Two Bakersfield locations
  • Signature loans up to $35,000
  • Apply online
  • Competitive interest rates
1717 Truxtun Ave.
Bakersfield, CA 93301
(661) 327-9461
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Kern Schools Federal Credit Union
  • M-Th: 9am - 5pm
  • F: 9am - 6pm
  • Sat: 9am - 1pm
  • Closed Sun
6101 Coffee Rd.
Bakersfield, CA 93308
(661) 833-7900
Overall satisfaction rating
  • M-F: 6am - 6pm
  • Sat-Sun: 7am - 3:30pm
  • netcredit.com

Offers fast funding and flexible loan terms. Borrowers can get approved for loans up to $10,000. Approved applications funded as soon as the same business day. Offers lines of credit from $500 to $4,500. APRs vary by state.

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Bank of the Sierra
  • M-Th: 9am - 5pm
  • F: 9am - 6pm
  • Closed Sat and Sun
  • bankofthesierra.com
4456 California Ave.
Bakersfield, CA 93309
(661) 401-2230
Overall satisfaction rating
  • M-F: 5am - 8pm
  • Sat-Sun: 7am - 4pm
  • opploans.com

Offers bad credit loans, no-credit-check loans and installment loans. Payday loan APRs up to 199%. Loan amounts range from $500 to $4,000. No minimum credit score required to apply. Same-day deposit available upon approval.

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How to choose a personal loan in Bakersfield

Bakersfield skyline

Personal loans have many appealing features. Most lenders will allow you to use the funds for almost any purpose — as long as it’s legal — and usually, the loan is unsecured, meaning the lender doesn’t require a form of collateral. This makes it easier to borrow without expensive assets. The interest rate is also lower than what a credit card company charges.

There are different types of personal loans in Bakersfield:

Type of personal loan Pros Cons
Unsecured No need to put up collateral; regular, fixed monthly payments Higher rates than secured loans
Secured Lower rates than unsecured loans Higher risk; lender can seize collateral if you fail to repay
Personal line of credit Borrow on an as-needed basis; pay interest only on amount you borrow Interest rate can change over the life of the loan
Co-sign Co-signer with stronger credit can help borrower qualify for more favorable loan Co-signer is responsible for repaying loan if borrower defaults
Debt consolidation Roll multiple loans into a single monthly payment at a lower interest rate May not save money in the long run
Salary advance loan Good credit not required; helpful during financial emergency Extremely high fees; low borrowing limits

How to apply for a personal loan in Bakersfield

Personal loans in Bakersfield are available from different companies, including banks, credit unions and online lenders. Before applying, check your credit score, which is a key consideration for lenders when they evaluate whether to lend to you and how much to charge. You are entitled to a free copy of your credit report from the three big reporting companies once every 12 months.

Borrowers with poor credit (around 650 or below) may have more difficulty finding a personal loan in Bakersfield. Credit unions often have more relaxed requirements than traditional banks and might be willing to work with borrowers who have less-than-ideal credit. In general, lenders charge higher interest rates on loans to those with lower credit scores.

Borrowers ordinarily take out personal loans in Bakersfield ranging from $1,000 to $30,000, though smaller and larger amounts are available.

In many cases, applying for a personal loan can be done online or over the phone. Some companies may require you to visit a local branch to confirm your identity and sign paperwork to close the loan. Documents necessary to apply generally include:

  • Social Security number
  • Proof of income and current employer information
  • Monthly financial obligations, such as rent, student loans, car payments, etc.
  • Proof of address and a list of previous addresses

Before you sign any documents, make sure you understand the total cost over the life of the loan, which includes interest and any other fees. California usury laws prohibit companies from charging excessive interest, and the state provides helpful tips for consumers.

Personal Loans Reviews

Personal Loan Pro

Personal Loan Pro is an online loan marketplace that works with lenders including Upgrade, SoFi, LendingClub, Best Egg and Prosper. Provide just a bit of personal information and get offers in just a few minutes. You can borrow from $1,000 to $50,000, with funds available as soon as the next business day. Rates are as low as 2.49% at the time of publishing.

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Best Egg

Best Egg is a national online lender that has funded over $6.5 billion in loans to over 450,000 customers. Bakersfield residents can borrow between $2,000 and $35,000 on fixed-term plans and get cash as soon as the next business day. Reviewers say the loan application process is fast and easy and customer service is outstanding. Best Egg has an A+ rating from the Better Business Bureau.

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FreedomPlus provides online personal loans from $7,500 to $40,000 to Bakersfield residents. After filling out a quick application, customers can qualify on the same day and get funds within 3 business days. FreedomPlus has no hidden fees and provides safe and secure protection of your personal information. Many clients reported informative and kind customer service representatives who guided them through the loan process. FreedomPlus has an A+ rating from the Better Business Bureau.


OneMain Financial

With OneMain Financial, Bakersfield customers complete an online application and then meet with a loan specialist at any of three area branches. Borrow between $1,500 and $30,000 with fixed rates and payments and term lengths up to 60 months. If you are approved by noon, it’s possible to get funds on the same day. Many Bakersfield clients found customer service agents to be patient and knowledgeable, but some experienced frustration with certain business practices. OneMain Financial has an A+ rating with the Better Business Bureau.

OneMain Financial

Kern Federal Credit Union

Kern Federal Credit Union, based in Bakersfield, has been serving Kern County residents since 1949. Personal loans up to $35,000 are available at competitive, fixed interest rates. Apply in person or online with a quick and convenient application. Bakersfield clients gave mixed reviews on the customer service at Kern Federal Credit Union. The company has an A+ rating with the Better Business Bureau.

Kern Federal Credit Union