If you are living in Milwaukee, Wisc. and find yourself in need of a personal loan, you are in luck. There is no shortage of banks, credit unions, and online lenders to choose from on Lake Michigan’s shore.

As a result, personal loans in Milwaukee shouldn’t be too difficult to find.

With a population of over 569,000 people, the city of Milwaukee has a median household income of $45,318 compared with a national average of over $60,000. Therefore obtaining a loan could go a long way for locals.

In this article, we’ll explore some of the best personal loans Milwaukee has to offer based on features such as interest rates, credit scores, and more.

Personal loans in Milwaukee

Personal loans cover a wide range of use cases, and the funds can be delivered rather quickly. The average APR on a personal loan is currently around 9.4%, and depending on the lender, you could have the funds in your account anywhere from one to seven business days.

Whether you are looking to make a big purchase for your home, consolidate debt, or to cover an unexpected expense, personal loans can do the trick.

When it comes to personal loans in Milwaukee, the best one for you will depend on what features are most important to you. It could be getting the lowest interest rate or finding a personal loan in Milwaukee for bad credit.

Whatever the need, the following list of lenders issues personal loans in or around Milwaukee with providers specializing in various niches.


LightStream, a part of Truist Bank, offers personal loans to borrowers in Milwaukee, Wisconsin. LightStreams loans are unsecured and could range anywhere from $5,000 to $100,000 with a duration of anywhere from two years to 12 years, based on how you intend to use the funds.

However, LightStream has limited use cases for the loan proceeds. For example, you can’t use the funds from a LightStream personal loan in Milwaukee to refinance a separate loan from the same lender.

Borrowers whose priority is finding low rate personal loans in Milwaukee may find that LightStream meets their needs. LightStream seeks to “uncomplicate lending” by offering fixed rates starting at 7.99% on the low side and 25.49% on the high side.

LightStream personal loans in Milwaukee are designed for consumers whose credit is in the good to excellent category. To get in the door, you should have a credit score of at least 660. This is important to know upfront so that you can work on your credit score if needed to qualify.

LightStream is one of those lenders that does not pile on the fees, with no origination or late payment penalties.


When it comes to personal loans in Milwaukee, SoFi is yet another popular choice. Widely known for its student loan business, SoFi is an online lender and also a licensed bank. The company offers personal loans of between $5,000 and $100,000.

SoFi’s interest rates range from an APR of 8.99% to 25.81%. While the minimum credit score is 650, if you want to secure the lowest APR, your score should be in the ballpark of 700.

SoFi also requires borrowers to earn at least $45,000 in annual income, which is reasonable for the best personal loans in Milwaukee.

SoFi places parameters on how the personal loan proceeds can be directed, allowing uses related to personal, family, and household expenses.

If you have a hospital bill that you have been unable to pay, are looking to remodel the kitchen, or would like to consolidate your credit card debt, a SoFi personal loan in Milwaukee could help.


If you are looking for personal loans for bad credit in Milwaukee, online lender Upstart could be the answer. Upstart’s loans range from $1,000 to $50,000, which should suffice for most borrowers seeking the best personal loans in Milwaukee.

Loan terms extend anywhere from three to seven years.

Upstart uses machine learning technology, a form of artificial intelligence, to gather non-conventional data points and assess a potential borrower’s risk profile.

As a result, even if your credit score is not up to snuff, you could still qualify for an Upstart personal loan in Milwaukee. In fact, Upstart’s minimum credit score requirement is only 300.

Considering that Upstart is willing to shoulder more risk than other online lenders, the company’s APR range is higher. Upstart’s personal loan APRs fall between 5.20% on the low side and 35.99% on the high side.

If your credit is good, you might be able to find a lower-cost personal loan in Milwaukee at a different lender.


Upgrade offers personal loans from $1,000 to $50,000. If you are looking for a small personal loan in Milwaukee, Upgrade could meet your needs.

This lender’s interest rates are fixed, ranging between 8.49% and 35.99%. Upgrade is another choice for borrowers seeking personal loans for bad credit in Milwaukee.

The minimum credit score requirement is only 560. Loan terms range from three to seven years.