Best Personal Loans in Massachusetts

Unsecured personal loans for debt consolidation, home improvement, major purchases, or emergency expenses. In Massachusetts, personal loans are capped at 23% APR for licensed consumer lenders, overseen by the Massachusetts Division of Banks.

Massachusetts Lending Overview

Personal Loan APR cap

23%

Median Home Price

$612,000

Median Household Income

$113,900

Avg Student Debt

$35,400

State Regulator

Massachusetts Division of Banks

Notable law: Massachusetts caps personal loan interest at 23% APR under the Small Loan Act and prohibits payday lending entirely, among the most protective frameworks for borrowers in the US.

8 Personal Loans Lenders serving Massachusetts

Best Egg

Personal Loans

4.1

APR Range: 7.99% – 29.99%
Loan Amount: $2,000 – $50,000
Min Credit Score: 660

Available to residents of Massachusetts

Apply at Best Egg

Better Mortgage

Personal Loans

4.0

APR Range: 6.30% – 7.50%
Loan Amount: $50,000 – $2,000,000
Min Credit Score: 620

Available to residents of Massachusetts

Apply at Better Mortgage

Bluevine

Personal Loans

3.9

APR Range: 4.80% – 95.00%
Loan Amount: $1,000 – $500,000
Min Credit Score: 620

Available to residents of Massachusetts

Apply at Bluevine

Capital One Auto

Personal Loans

4.1

APR Range: 5.09% – 19.99%
Loan Amount: $4,000 – $250,000
Min Credit Score: 600

Available to residents of Massachusetts

Apply at Capital One Auto

Earnest

Personal Loans

4.2

APR Range: 3.95% – 9.99%
Loan Amount: $5,000 – $500,000
Min Credit Score: 670

Available to residents of Massachusetts

Apply at Earnest

LightStream

Personal Loans

4.3

APR Range: 6.49% – 24.89%
Loan Amount: $5,000 – $100,000
Min Credit Score: 700

Available to residents of Massachusetts

Apply at LightStream

LightStream Auto

Personal Loans

4.2

APR Range: 6.49% – 20.49%
Loan Amount: $5,000 – $100,000
Min Credit Score: 700

Available to residents of Massachusetts

Apply at LightStream Auto

OnDeck

Personal Loans

3.5

APR Range: 10.99% – 99.00%
Loan Amount: $5,000 – $400,000
Min Credit Score: 625

Available to residents of Massachusetts

Apply at OnDeck

Massachusetts Lending Laws

Massachusetts caps personal loan interest at 23% APR under the Small Loan Act and prohibits payday lending entirely, among the most protective frameworks for borrowers in the US.

The primary regulator for consumer lending in Massachusetts is the Massachusetts Division of Banks. Borrowers with complaints about a lender can file reports directly with that agency or with the federal Consumer Financial Protection Bureau (CFPB).

Frequently Asked Questions

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