Good to excellent credit
American Express
- Credit profile
- Excellent
- APR range
- 6.99% – 19.99%
- Loan amount
- $3,500 – $40,000
Personal finance / PA
Personal loans, banking, insurance, and debt help in Pennsylvania
Pennsylvanians use personal loans mainly for debt consolidation, unexpected expenses, home improvement, and major life events, with most loans unsecured and priced under the state's Consumer Discount Company Act.
33lenders in the dataset
PAstate guide
$1,014/yraverage homeowners premium in dataset
51jurisdictions in the dataset
01 / Personal loans
Personal loans in Pennsylvania
Pennsylvanians use personal loans mainly for debt consolidation, unexpected expenses, home improvement, and major life events, with most loans unsecured and priced under the state's Consumer Discount Company Act.
Interest-rate law
Licensed lenders under the CDCA can charge a flat 24% on loans of $25,000 or less with no tiering. Loans above $25,000 fall back to the general Loan Interest and Protection Law's 6% cap. Charging 25% or more on any loan of any size is a first-degree felony under the Corrupt Organizations Law.
| Loan range | Rate | Statute |
|---|---|---|
| Up to $25,000 | 24% flat (licensed lenders, CDCA) | CDCA |
| Above $25,000 | 6% cap (general Loan Interest and Protection Law) | Loan Interest and Protection Law |
| Any amount | 25%+ is a first-degree felony (criminal usury) | Corrupt Organizations Law |
Lender complaints: Pennsylvania Department of Banking and Securities
02 / Lender directory
Lenders by credit profile
Good to excellent credit
Axos Bank
- Credit profile
- Excellent
- APR range
- 11.79% – 20.84%
- Loan amount
- $7,000 – $50,000
Good to excellent credit
Citi
- Credit profile
- Good - Excellent
- APR range
- 9.99% – 17.49%
- Loan amount
- $2,000 – $30,000
Good to excellent credit
Discover
- Credit profile
- Good - Excellent
- APR range
- 6.99% – 24.99%
- Loan amount
- $2,500 – $40,000
Good to excellent credit
Happy Money
- Credit profile
- Good
- APR range
- 7.95% – 35.99%
- Loan amount
- $5,000 – $50,000
Good to excellent credit
Huntington Bank
- Credit profile
- Not specified
- APR range
- 8.47% – 25%
- Loan amount
- $0 – $50,000
Good to excellent credit
KeyBank
- Credit profile
- Not specified
- APR range
- 8.99% – 22.99%
- Loan amount
- $2,000 – $100,000
Good to excellent credit
LightStream
- Credit profile
- Good - Excellent
- APR range
- 6.74% – 25.39%
- Loan amount
- $5,000 – $100,000
Good to excellent credit
M&T Bank
- Credit profile
- Not specified
- APR range
- 7.74% – 13.94%
- Loan amount
- $2,000 – $5,000
Good to excellent credit
PNC Bank
- Credit profile
- Not specified
- APR range
- 7.89% – 24.99%
- Loan amount
- $1,000 – $35,000
Good to excellent credit
PenFed
- Credit profile
- Good
- APR range
- 7.99% – 17.99%
- Loan amount
- $500 – $50,000
Good to excellent credit
Prosper
- Credit profile
- Good
- APR range
- 8.99% – 35.99%
- Loan amount
- $2,000 – $50,000
Good to excellent credit
Reach Financial
- Credit profile
- Not specified
- APR range
- 5.99% – 35.99%
- Loan amount
- $3,500 – $40,000
Good to excellent credit
Rocket Loans
- Credit profile
- Good
- APR range
- 8.01% – 29.99%
- Loan amount
- $2,000 – $45,000
Good to excellent credit
Santander
- Credit profile
- Not specified
- APR range
- 7.99% – 24.99%
- Loan amount
- $5,000 – $50,000
Good to excellent credit
SoFi
- Credit profile
- Good - Excellent
- APR range
- 8.74% – 35.99%
- Loan amount
- $5,000 – $100,000
Good to excellent credit
Truist
- Credit profile
- Good - Excellent
- APR range
- 6.74% – 25.39%
- Loan amount
- $3,500 – $100,000
Good to excellent credit
USAA
- Credit profile
- Good - Excellent
- APR range
- 9.89% – 18.51%
- Loan amount
- $2,500 – $100,000
Good to excellent credit
Wells Fargo
- Credit profile
- Good - Excellent
- APR range
- 6.74% – 25.99%
- Loan amount
- $3,000 – $100,000
Fair credit
Achieve
- Credit profile
- Fair
- APR range
- 6.25% – 35.99%
- Loan amount
- $5,000 – $50,000
Fair credit
Avant
- Credit profile
- Poor to Good
- APR range
- 9.95% – 35.99%
- Loan amount
- $2,000 – $35,000
Fair credit
Best Egg
- Credit profile
- Fair
- APR range
- 6.99% – 35.99%
- Loan amount
- $2,000 – $50,000
Fair credit
Happen Bank (formerly LendingClub)
- Credit profile
- Fair
- APR range
- 7.04% – 35.99%
- Loan amount
- $1,000 – $60,000
Fair credit
LendingPoint
- Credit profile
- Fair
- APR range
- 7.99% – 35.99%
- Loan amount
- $1,000 – $36,500
Fair credit
Navy Federal Credit Union
- Credit profile
- Fair - Excellent
- APR range
- 8.74% – 18%
- Loan amount
- $250 – $50,000
Fair credit
Oportun
- Credit profile
- Fair
- APR range
- N/A – 35.95%
- Loan amount
- $300 – $10,000
Fair credit
TD Bank
- Credit profile
- Fair - Excellent
- APR range
- 9.99% – 23.99%
- Loan amount
- $2,000 – $50,000
Fair credit
Upgrade
- Credit profile
- Fair
- APR range
- 7.74% – 35.99%
- Loan amount
- $1,000 – $50,000
Fair credit
Upstart
- Credit profile
- Fair
- APR range
- 6.20% – 35.99%
- Loan amount
- $1,000 – $75,000
Poor or limited credit
CreditNinja
- Credit profile
- Poor
- APR range
- 195.75% – 349%
- Loan amount
- $300 – $5,000
Poor or limited credit
Mariner Finance
- Credit profile
- Poor
- APR range
- 15.49% – 35.99%
- Loan amount
- $1,000 – $25,000
Poor or limited credit
OneMain Financial
- Credit profile
- Poor
- APR range
- 18% – 35.99%
- Loan amount
- $1,500 – $20,000
Poor or limited credit
OppLoans
- Credit profile
- Poor
- APR range
- 160% – 195%
- Loan amount
- $500 – $5,000
03 / Debt consolidation
Debt consolidation
A debt consolidation loan should land well under Pennsylvania's flat 24% CDCA cap, ideally under 15%, to genuinely beat a typical credit card APR; comparing multiple lenders helps find the best rate available within that cap.
04 / Banking and credit unions
Banking in Pennsylvania
National banks offer scale and convenience, while Pennsylvania-based regional and community banks compete on relationship banking and faster local lending decisions.
Banks listed
- PNC BankNational bank, headquartered in Pittsburgh, PA.
- Wells FargoNational bank.
- TruistHeadquartered in Charlotte, NC.
- ChaseNational bank.
- Citizens BankHeadquartered in Providence, RI.
- M&T BankHeadquartered in Buffalo, NY.
- Fulton BankHeadquartered in Lancaster, PA.
- Santander BankU.S. headquarters in Boston, MA.
Credit unions
Pennsylvania's credit unions are member-owned, not-for-profit institutions that often post lower loan rates and fewer fees than comparable bank products, with membership tied to living, working, or having other ties to a specific group.
About 3.3% year-over-year median membership growth (Q4 2025 NCUA data), with asset growth around 2.6% but negative median loan growth (about -1.3%).
Built almost entirely on steel-industry employer roots in the 1930s (U.S. Steel's Homestead and Duquesne Works, Lukens Steel, J&L Steel); Pennsylvania passed its own State Credit Union Act in 1933. The sector once had nearly 1,600 credit unions, now down to roughly 463, due to mill-town decline and a dense, mature banking sector.
Federally insured credit union deposits are protected up to $250,000 through the National Credit Union Share Insurance Fund.
Credit unions listed
05 / Debt settlement
Debt settlement
Legal and licensed under the Debt Management Services Act (63 Pa. Stat. § 2401 et seq.), covering debt management and debt settlement, regulated by the Pennsylvania Department of Banking and Securities. Fees are capped, though the exact figure needs direct confirmation; licensed providers must post a bond.
Companies listed in the dataset
06 / Insurance
Pennsylvania insurance
Regulator
Pennsylvania Insurance Department
Insurance regulator websiteAuto insurance
15/30/5
Pennsylvania requires $15,000 per person / $30,000 per accident bodily injury liability plus $5,000 property damage liability, among the lower bodily-injury minimums nationally. PIP coverage is also required since Pennsylvania is a choice no-fault state.
Homeowners and renters
$1,014/yr
- State requirement
- No
- National homeowners average
- $1,337/yr
- Renters average
- $147/yr
Not required by state law (only by mortgage lenders). Pennsylvania faces severe thunderstorms, occasional tornadoes, heavy winter snow/ice, and river flooding.
07 / Questions
Pennsylvania FAQs
How do I file a complaint against a lender in Pennsylvania?
Contact the Pennsylvania Department of Banking and Securities, which licenses and supervises consumer lenders operating in Pennsylvania.
How do I file a complaint against my insurance company in Pennsylvania?
File with the Pennsylvania Insurance Department.
What's the maximum interest rate a lender can legally charge on a personal loan in Pennsylvania?
24% flat for a licensed lender under the CDCA for loans of $25,000 or less. A loan above $25,000 falls back to the 6% cap under the Loan Interest and Protection Law. Charging 25% or more on any loan is a first-degree felony under the Corrupt Organizations Law.
What credit score do I need for a personal loan in Pennsylvania?
It depends on the lender. Banks and credit unions typically want a FICO score of 700+ for best rates; FinTech lenders work with fair credit (low-to-mid 600s); some lenders serve poor or limited credit at higher APRs.
Are payday loans legal in Pennsylvania, and are there caps on fees or loan amounts?
No. Payday loans have been illegal since the Check Cashing Licensing Act of 1998. Pennsylvania caps unlicensed lending at 6% and licensed lending at 24%. The Pennsylvania Supreme Court ruled in 2008 (Cash America v. PA Dept of Banking) that online lenders to PA residents are bound by these caps regardless of physical location.
How long can a debt collector legally pursue an unpaid debt in Pennsylvania before the statute of limitations runs out?
4 years for written contracts, oral contracts, promissory notes, and open-end accounts (42 Pa. Cons. Stat. § 5525). Contracts "under seal," such as many mortgage notes, get a 20-year window. Payment or written acknowledgment can restart the clock.
What's the difference between a debt consolidation loan and debt settlement for someone living in Pennsylvania?
A debt consolidation loan pays off debts in full with newly borrowed money at a fixed schedule, letting credit recover quickly. Debt settlement negotiates reduced balances but requires stopping payments first, damaging credit, and forgiven amounts can be taxable. Pennsylvania licenses debt settlement companies under the Debt Management Services Act.
