1. Home
  2. Personal Loans

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.

Take a Quiz

Get matched with an Accredited Partner

    Compare Top Personal Loans

    #1 OUR FAVORITE
    Overall satisfaction rating
    • Simple, fixed monthly payments
    • Funds as fast as 1 business day
    • BBB A+ rating
    • Available in Bakersfield

    Achieve financial freedom!

    Learn More (877) 850-2322 Read More
    #2
    FreedomPlus
    Overall satisfaction rating
    • Loans up to $40,000
    • Funds within 3 business days
    • Min. FICO score: 620
    • Available in Bakersfield

    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.

    Learn More (800) 368-0061 Read More
    #3
    OneMain Financial
    • Fixed rates & payments
    • Loans from $1,500 to $30,000
    • Three locations in Bakersfield
    • A+ rating from BBB
    Location
    3801 Mall View Rd.
    Bakersfield, CA 93306
    (661) 871-4014
    Read More
    #4
    Kern Federal Credit Union
    • Two Bakersfield locations
    • Signature loans up to $35,000
    • Apply online
    • Competitive interest rates
    Location
    1717 Truxtun Ave.
    Bakersfield, CA 93301
    (661) 327-9461
    Read More
    Kern Schools Federal Credit Union
    • M-Th: 9am - 5pm
    • F: 9am - 6pm
    • Sat: 9am - 1pm
    • Closed Sun
    Location
    6101 Coffee Rd.
    Bakersfield, CA 93308
    (661) 833-7900
    NetCredit
    Overall satisfaction rating
    • M-F: 6am - 6pm
    • Sat-Sun: 7am - 3:30pm
    • netcredit.com

    NetCredit is a personal loan company offering loans up to $10,000. The company is a subsidiary of Enova International, Inc. Net Credit has a creative My RightFit ToolTM to help consumers customize their loan amount and repayment terms.

    Location
    Online services in
    Bakersfield, CA
    (877) 392-2014
    Bank of the Sierra
    • M-Th: 9am - 5pm
    • F: 9am - 6pm
    • Closed Sat and Sun
    • bankofthesierra.com
    Location
    4456 California Ave.
    Bakersfield, CA 93309
    (661) 401-2230
    Overall satisfaction rating
    • M-F: 5am - 8pm
    • Sat-Sun: 7am - 4pm
    • opploans.com

    OppLoans specializes in quick and affordable personal loans up to $4,000. If approved, the money may be in your hands within 24-hours with interest rates generally lower than payday or title loans. They also provide personal, one-on-one customer service for the care you need during these stressful times.

    Learn More

    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

    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.

    Best Egg Learn More (877) 850-2322

    FreedomPlus

    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.

    FreedomPlus Learn More (800) 368-0061

    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