Best Personal Loans in Rhode Island

Unsecured personal loans for debt consolidation, home improvement, major purchases, or emergency expenses. In Rhode Island, personal loans are not subject to a state APR cap for licensed consumer lenders, overseen by the Rhode Island Department of Business Regulation.

Rhode Island Lending Overview

Personal Loan APR cap

No cap

Median Home Price

$437,000

Median Household Income

$77,000

Avg Student Debt

$33,400

State Regulator

Rhode Island Department of Business Regulation

Notable law: Rhode Island limits payday loans to $500 with a maximum fee of 10% and a minimum term of 13 days, but imposes no APR cap on consumer installment loans from licensed lenders.

8 Personal Loans Lenders serving Rhode Island

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 Rhode Island

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 Rhode Island

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 Rhode Island

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 Rhode Island

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 Rhode Island

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 Rhode Island

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 Rhode Island

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 Rhode Island

Apply at OnDeck

Rhode Island Lending Laws

Rhode Island limits payday loans to $500 with a maximum fee of 10% and a minimum term of 13 days, but imposes no APR cap on consumer installment loans from licensed lenders.

The primary regulator for consumer lending in Rhode Island is the Rhode Island Department of Business Regulation. 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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